MYRG
MYR Group Inc.
MYRG's fundamentals are strong: revenue grew 23% and earnings per share about doubled, though free cash flow fell 12%. At 23x earnings, it's trading in line with its usual 24x. Analysts expect that strong growth to continue, though they disagree widely on how much.
MYRG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Healthy |
MYRG's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
MYRG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $214 | -23% |
| Forward | 19x | $278 | — |
| Current | 23x | $278 | — |
| Fair | 24x | $300 | +7.6% |
| Expensive | 42x | $513 | +84% |
Historical ranges are pointers, not guarantees.
MYRG's PE is in its fair range at 23x. If earnings grow as analysts expect, today's price would be 19x next year's earnings, in its cheap range.
MYRG Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for MYRG, with profitability improving. However, they disagree widely on these estimates.
MYRG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $14.56 | +18% |
| Q3 2026 | $12.31 | +100% |
| Q2 2026 | $10.54 | +121% |
| Q1 2026 | $9.07 | +320% |
| Q4 2025 | $7.53 | +311% |
| Q3 2025 | $6.17 | +172% |
| Q2 2025 | $4.77 | +64% |
| Q1 2025 | $2.16 | -58% |
| Q4 2024 | $1.83 | -66% |
MYRG earned $12.31 per share over the past year, up 100% from the year before.
MYRG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +32% |
| Q2 2026 | $1.1B | +20% |
| Q1 2026 | $1B | +20% |
| Q4 2025 | $973.5M | +17% |
| Q3 2025 | $950.4M | +7% |
| Q2 2025 | $900.3M | +8.6% |
| Q1 2025 | $833.6M | +2.2% |
| Q4 2024 | $829.8M | -17% |
MYRG's revenue has grown year over year for seven quarters in a row: $1.3B last quarter, up 32% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.8% | +1.9 points |
| Q2 2026 | 6.3% | +1.9 points |
| Q1 2026 | 6.5% | +2.4 points |
| Q4 2025 | 4.8% | +1.2 points |
| Q3 2025 | 4.9% | +2.6 points |
| Q2 2025 | 4.4% | +6.9 points |
| Q1 2025 | 4.1% | +1.1 points |
| Q4 2024 | 3.6% | -0.1 points |
MYRG's operating margin was 6.8% last quarter, up 1.9 points from the same quarter a year ago, near the top of its range since 2019.
MYRG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $9.2M | -86% |
| Q2 2026 | -$25.6M | -320% |
| Q1 2026 | $68.6M | -2.3% |
| Q4 2025 | $84.9M | +863% |
| Q3 2025 | $65.4M | +264% |
| Q2 2025 | $11.6M | +365% |
| Q1 2025 | $70.2M | +$88.3M |
| Q4 2024 | $8.8M | -59% |
MYRG generated $137M in free cash flow over the past year, down 12% from the year before.
MYRG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -10K shares |
| 1 year | +0.6% | +90K shares |
| 3 years | -6.6% | -1.1M shares |
| 5 years | -8.4% | -1.4M shares |
| Available history | -5.9% | -978K shares |
MYRG has 16M diluted shares, up 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.3M |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $75M |
| Q4 2024 | — |
MYRG has spent almost nothing on buybacks in the past year.
MYRG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.6x | Net Cash |
| Q4 2025 | -0.4x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.6x | Very low |
MYRG's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
MYRG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.4 | Neutral |
| Stochastic | 27.3 | Neutral |
MYRG's weekly RSI is 42 (neutral) and its Stochastic is 27 (neutral).
MYRG PE vs Industrials Sector
| Metric | MYRG | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 24x | 5.9% below |
| PE % | 44 | 58 | 14 pts below |
MYRG is trading at 23x earnings, in line with the Industrials sector's median of 24x.
MYRG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $283.5 | 1.8% below |
| 20 week MA | $317.9 | 12% below |
| 50 week MA | $319.0 | 13% below |
| 100 week MA | $242.7 | 15% above |
| 200 week MA | $188.7 | 48% above |
MYRG has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 48% above its 200-week average.
MYRG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.1 | $60.4 | +88% |
| 2021 | $60.4 | $106.9 | +77% |
| 2022 | $106.9 | $90.3 | -16% |
| 2023 | $90.3 | $144.6 | +60% |
| 2024 | $144.6 | $150.1 | +3.8% |
| 2025 | $150.1 | $225.1 | +50% |
| 2026 YTD | $225.1 | $278.4 | +24% |
MYRG has finished higher in five of the last six years, three of them by more than 50%. It's up 24% so far in 2026.