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Everus Construction Group, Inc. provides contracting services in the United States. It operates through two segments, Electrical & Mechanical and Transmission & Distribution. The Electrical & Mechanical segment provides construction and maintenance services of electrical and communication wiring, and infrastructure; fire suppression systems; and renewables infrastructure and mechanical piping services in public and private sectors. The Transmission & Distribution segment offers construction and maintenance of overhead and underground electrical, gas, and communication infrastructure and transportation related lighting, as well as design, manufacturing, and distribution of overhead and underground transmission line construction equipment and tools. It serves utilities, manufacturing, transportation, commercial, industrial, institutional, renewables, and governmental customers. The company was incorporated in 2024 and is headquartered in Bismarck, North Dakota.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.7B | $308M | $202M | $90M | 32.0% | 31.5% | 40.7% |
| 2024 | $2.8B | $220M | $143M | $115M | 33.9% | -0.2% | 4.5% |
| 2023 | $2.9B | $218M | $137M | $136M | 30.6% | 5.7% | 10.0% |
| 2022 | $2.7B | $187M | $125M | $-61M | 32.6% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,699.25 | 2,854.39 | 2,849.68 | 3,746.39 |
| Operating Revenue | - | 2,715.23 | 2,869.44 | 2,868.59 | 3,769.19 |
| Cost Of Revenue | - | 2,423.20 | 2,532.47 | 2,510.23 | 3,292.30 |
| Gross Profit | - | 276.05 | 321.92 | 339.45 | 454.09 |
| Operating Expense | - | 111.40 | 131.38 | 149.54 | 189.34 |
| Selling General And Administration | - | 111.40 | 131.38 | 149.54 | 189.34 |
| Total Expenses | - | 2,534.61 | 2,663.85 | 2,659.78 | 3,481.64 |
| Operating Income | - | 164.64 | 190.54 | 189.91 | 264.75 |
| Total Operating Income As Reported | - | 164.64 | 190.54 | 189.91 | 264.75 |
| EBITDA | - | 187.49 | 217.67 | 220.05 | 308.06 |
| Normalized EBITDA | - | 187.49 | 217.67 | 220.05 | 308.06 |
| EBIT | - | 166.02 | 194.52 | 194.78 | 279.26 |
| Interest Income | - | - | 0 | 0 | 4.57 |
| Interest Expense | - | 6.35 | 16.95 | 14.02 | 21.45 |
| Net Interest Income | - | -6.35 | -16.95 | -14.02 | -16.88 |
| Other Non Operating Income Expenses | - | 1.38 | 3.98 | 4.88 | 9.94 |
| Other Income Expense | - | 1.38 | 3.98 | 4.88 | 9.94 |
| Interest Income Non Operating | - | - | 0 | 0 | 4.57 |
| Interest Expense Non Operating | - | 6.35 | 16.95 | 14.02 | 21.45 |
| Net Non Operating Interest Income Expense | - | -6.35 | -16.95 | -14.02 | -16.88 |
| Pretax Income | - | 159.67 | 177.57 | 180.76 | 257.81 |
| Tax Provision | - | 40.79 | 45.29 | 49.52 | 72.31 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 124.78 | 137.23 | 143.42 | 201.77 |
| Net Income From Continuing And Discontinued Operation | - | 124.78 | 137.23 | 143.42 | 201.77 |
| Net Income From Continuing Operation Net Minority Interest | - | 124.78 | 137.23 | 143.42 | 201.77 |
| Net Income | - | 124.78 | 137.23 | 143.42 | 201.77 |
| Net Income Common Stockholders | - | 124.78 | 137.23 | 143.42 | 201.77 |
| Net Income Including Noncontrolling Interests | - | 124.78 | 137.23 | 143.42 | 201.77 |
| Normalized Income | - | 124.78 | 137.23 | 143.42 | 201.77 |
| Diluted NI Availto Com Stockholders | - | 124.78 | 137.23 | 143.42 | 201.77 |
| Basic Average Shares | 50.97 | 50.97 | 50.97 | 50.97 | - |
| Diluted Average Shares | 50.97 | 50.97 | 50.97 | 51.07 | - |
| Reconciled Depreciation | - | 21.47 | 23.15 | 25.27 | 28.80 |
| Reconciled Cost Of Revenue | - | 2,423.20 | 2,532.47 | 2,510.23 | 3,292.30 |
| Earnings From Equity Interest Net Of Tax | - | 5.90 | 4.95 | 12.18 | 16.27 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Everus Construction Group, Inc.this co. | ECG | $7.9B | 39.15↑ premium | 12.54 | 32.0% | 26.30 |
| Builders FirstSource, Inc. | BLDR | $8.1B | 18.53 | 1.85 | 10.0% | 9.42 |
| Zurn Elkay Water Solutions Corporation | ZWS | $7.9B | 40.15 | 4.96 | 12.3% | 21.96 |
| A. O. Smith Corporation | AOS | $7.9B | 14.39 | 4.23 | 29.4% | 9.66 |
| Mercury Systems, Inc. |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| MRCY |
| $7.1B |
| -186.64 |
| 4.80 |
| -2.6% |
| 113.93 |
| MYR Group Inc. | MYRG | $7.0B | 59.36 | 10.64 | 17.9% | 29.91 |
| Primoris Services Corporation | PRIM | $6.9B | 25.19 | 4.12 | 16.4% | 14.55 |
| Enpro Inc. | NPO | $6.7B | 165.58 | 4.34 | 2.6% | 37.34 |
| Pool Corporation | POOL | $6.7B | 16.43 | 5.63 | 34.3% | 12.83 |
| Peer Median | - | 21.86 | 4.57 | 14.4% | 18.25 | |