MYR Group
Builds utility grids and complex electrical systems across the United States and Canada.
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Profile
Builds and maintains transmission lines, substations, distribution networks, and electrical systems for data centers, transportation, healthcare, manufacturing, and other commercial or industrial facilities across the United States and Canada. Earns contract revenue through utility projects and largely fixed-price commercial work, with results tied to bid discipline and project execution.
Builds, upgrades, and maintains electrical infrastructure through two contracting segments. Transmission and Distribution covers high-voltage lines, substations, lower-voltage networks, clean-energy projects, EV charging infrastructure, and emergency restoration for utilities and power producers across the United States and Ontario.
Commercial and Industrial designs, installs, maintains, and repairs wiring for data centers, transportation systems, hospitals, manufacturing and processing facilities, and other complex sites across the United States and western Canada. The Valley acquisition broadened this operation in the western United States.
Competes through local customer relationships, technical and project-management expertise, a centralized specialized-equipment fleet, safety performance, and bonding capacity. Revenue depends on competitively bid projects and utility or construction spending; fixed-price work exposes margins to labor, materials, scheduling, and cost-estimation errors, while many contracts can be terminated on short notice.
Company facts
Key statistics
Year to date +29.8% · Average volume (30d) 303.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 13, 2026 | Goldman Sachs | Reiterate | Neutral | $124 | $422 |
| Jul 30, 2026 | Robert W. Baird | Target | $450 | $375 | |
| Jul 20, 2026 | Industrial Alliance Securities | Target | $530 | ||
| Jul 10, 2026 | Jefferies | Target | $392 | ||
| May 4, 2026 | Stifel Nicolaus | Target | $351 | $503 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $2.62 | $3.17 | +21.0% | $995.7M | $1.08B | +8.6% | +2.73% |
| Apr 29, 2026Q1 FY26 | $2.09 | $2.99 | +43.1% | $932.5M | $1.00B | +7.3% | +19.85% |
| Feb 25, 2026Q4 FY25 | $1.73 | $2.33 | +34.7% | $898.0M | $973.5M | +8.4% | −0.56% |
| Oct 29, 2025Q3 FY25 | $1.82 | $2.05 | +12.6% | $897.7M | $950.4M | +5.9% | −5.30% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $833.6M | $900.3M | $950.4M | $973.5M | $1.00B | $1.08B | |
| Gross profit | $95.7M | $102.5M | $110.7M | $110.1M | $133.2M | $142.7M | |
| Operating income | $33.2M | $39.2M | $44.8M | $45.5M | $63.8M | $67.9M | |
| Net income | $23.3M | $26.5M | $32.1M | $36.5M | $46.8M | $49.9M | |
| Diluted EPS | $1.45 | $1.70 | $2.05 | $2.33 | $2.99 | $3.16 | |
| Gross margin | 11.5% | 11.4% | 11.6% | 11.3% | 13.3% | 13.2% | |
| Operating margin | 4.0% | 4.4% | 4.7% | 4.7% | 6.4% | 6.3% |
Fiscal years (4-quarter sums)FY21 $2.50B · FY22 $3.01B · FY23 $3.64B · FY24 $3.36B · FY25 $3.66B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $137.9M · Total debt $67.1M · Total assets $1.67B · Shareholders' equity $754.4M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 15.57M · Float 15.28M · 98.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.46M | 15.82% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management | 846.7K | 5.43% | 13G | Jul 31, 2026 |
| Vanguard Capital Management LLC | 689.3K | 4.43% | 13F | Aug 13, 2026 |
| State Street Corp | 625.2K | 4.02% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 565.0K | 3.63% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 3, 2026 | Kenneth Michael Hartwick | director | −3,500 | $450.50 |
| Jun 3, 2026 | Donald C.i. Lucky | director | −14,675 | $449.53 |
| Jun 1, 2026 | Shirin O'Connor | director | −3,159 | $447.19 |
| Jun 1, 2026 | Kelly Michelle Huntington | officer: Senior VP and CFO | −2,000 | $457.66 |
| Nov 4, 2025 | Don A. Egan | officer: SVP and COO C&I | −2,900 | $233.40 |
Peers
- Quanta Services
Largest U.S. T&D specialty contractor; named in MYRG 10-K.
- MasTec
Named T&D rival in MYRG 10-K; power delivery and clean energy.
- EMCOR Group
Top U.S. mechanical/electrical C&I contractor; outranks MYRG.
- Primoris Services
Closest utility/energy peer; overlaps on distribution and T&D.
- Comfort Systems USA
National MEP contractor; C&I overlap in industrial and data centers.
- IES
Electrical contractor near MYRG in rankings; C&I and data center.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MYR Group | $295.84 | +0.52% | $4.58B | 28.0 | 22.9 | 1.1 | +20.2% |
| Quanta Services | $603.00 | +0.10% | $90.61B | 69.0 | 33.5 | 2.8 | +41.1% |
| MasTec | $244.44 | +1.48% | $19.35B | 38.4 | 21.8 | 1.2 | +23.4% |
| EMCOR Group | $736.60 | −0.41% | $32.65B | 23.1 | 21.2 | 1.8 | +19.8% |
| Primoris Services | $73.53 | +0.53% | $3.97B | 28.8 | 18.5 | 0.5 | −10.7% |
| Comfort Systems USA | $1,521.00 | +0.17% | $53.45B | 37.4 | 28.7 | 4.8 | +50.3% |
| IES | $311.36 | +0.49% | $12.34B | 17.7 | 24.7 | 3.1 | +39.6% |
| Median | 33.1 | 23.2 | 2.3 | +31.5% |