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MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company operates through two segments: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice storm, or other related damages. This segment serves as prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of intelligent transportation systems, roadway lighting, and signalization for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, and electric vehicle charging infrastructure. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. MYR Group Inc. was founded in 1891 and is headquartered in Thornton, Colorado.
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 | $233M | $118M | $232M | 17.9% | 8.8% | 291.3% |
| 2024 | $3.4B | $118M | $30M | $11M | 5.0% | -7.7% | -66.7% |
| 2023 | $3.6B | $189M | $91M | $-14M | 14.0% | 21.1% | 9.1% |
| 2022 | $3.0B | $176M | $83M | $90M | 14.9% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,008.54 | 3,643.90 | 3,362.29 | 3,657.89 |
| Operating Revenue | - | 3,008.54 | 3,643.90 | 3,362.29 | 3,657.89 |
| Cost Of Revenue | - | 2,664.58 | 3,279.51 | 3,071.97 | 3,234.10 |
| Gross Profit | - | 343.96 | 364.40 | 290.32 | 423.79 |
| Operating Expense | - | 231.43 | 239.52 | 243.09 | 261.18 |
| Selling General And Administration | - | 222.42 | 234.61 | 238.22 | 256.36 |
| Total Expenses | - | 2,896.01 | 3,519.03 | 3,315.06 | 3,495.28 |
| Operating Income | - | 112.53 | 124.88 | 47.23 | 162.61 |
| Total Operating Income As Reported | - | 114.91 | 129.09 | 54.08 | 166.87 |
| EBITDA | - | 175.94 | 189.08 | 118.21 | 233.44 |
| Normalized EBITDA | - | 173.56 | 184.87 | 111.35 | 229.18 |
| EBIT | - | 117.77 | 129.94 | 53.02 | 166.93 |
| Interest Income | - | 0.19 | 0.89 | 0.42 | 0.72 |
| Interest Expense | - | 3.56 | 4.94 | 6.52 | 5.65 |
| Net Interest Income | - | -3.38 | -4.05 | -6.11 | -4.92 |
| Other Non Operating Income Expenses | - | 2.67 | -0.04 | -1.48 | -0.66 |
| Other Income Expense | - | 5.05 | 4.18 | 5.38 | 3.60 |
| Interest Income Non Operating | - | 0.19 | 0.89 | 0.42 | 0.72 |
| Interest Expense Non Operating | - | 3.56 | 4.94 | 6.52 | 5.65 |
| Net Non Operating Interest Income Expense | - | -3.38 | -4.05 | -6.11 | -4.92 |
| Pretax Income | - | 114.20 | 125 | 46.49 | 161.28 |
| Tax Provision | - | 30.82 | 34.01 | 16.23 | 42.87 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.64 | 1.15 | 2.39 | 1.13 |
| Net Income Continuous Operations | - | 83.38 | 90.99 | 30.26 | 118.42 |
| Net Income From Continuing And Discontinued Operation | - | 83.38 | 90.99 | 30.26 | 118.42 |
| Net Income From Continuing Operation Net Minority Interest | - | 83.38 | 90.99 | 30.26 | 118.42 |
| Net Income | - | 83.38 | 90.99 | 30.26 | 118.42 |
| Net Income Common Stockholders | - | 83.38 | 90.99 | 30.26 | 118.42 |
| Net Income Including Noncontrolling Interests | - | 83.38 | 90.99 | 30.26 | 118.42 |
| Normalized Income | - | 81.65 | 87.92 | 25.80 | 115.29 |
| Diluted NI Availto Com Stockholders | - | 83.38 | 90.99 | 30.26 | 118.42 |
| Basic Average Shares | - | 16.76 | 16.68 | 16.47 | 15.64 |
| Diluted Average Shares | - | 16.98 | 16.84 | 16.53 | 15.73 |
| Reconciled Depreciation | - | 58.17 | 59.14 | 65.19 | 66.51 |
| Reconciled Cost Of Revenue | - | 2,615.42 | 3,225.28 | 3,011.65 | 3,172.41 |
| Total Unusual Items | - | 2.38 | 4.21 | 6.85 | 4.26 |
| Total Unusual Items Excluding Goodwill | - | 2.38 | 4.21 | 6.85 | 4.26 |
| Minority Interests | 0 | 0 | 0 | - | - |
| Special Income Charges | - | 2.38 | 4.21 | 6.85 | 4.26 |
| Depreciation Amortization Depletion Income Statement | - | 9.01 | 4.91 | 4.87 | 4.82 |
| Depreciation And Amortization In Income Statement | - | 9.01 | 4.91 | 4.87 | 4.82 |
| Gain On Sale Of Ppe | - | 2.38 | 4.21 | 6.85 | 4.26 |
| Amortization | - | 9.01 | 4.91 | 4.87 | 4.82 |
| Amortization Of Intangibles Income Statement | - | 9.01 | 4.91 | 4.87 | 4.82 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| MYR Group Inc.this co. | MYRG | $7.0B | 59.36↑ premium | 10.64 | 17.9% | 29.91 |
| Mercury Systems, Inc. | MRCY | $7.1B | -186.64 | 4.80 | -2.6% | 113.93 |
| 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 |
| Gates Industrial Corporation plc | GTES | $6.6B | 26.38 | 1.99 | 7.5% | 12.16 |
| Federal Signal Corporation | FSS | $6.6B | 26.69 | 4.76 | 17.8% | 16.97 |
| JBT Marel Corporation | JBTM | $6.5B | -129.10 | 1.46 | -1.1% | 25.87 |
| Armstrong World Industries, Inc. | AWI | $6.5B | 21.12 | 7.24 | 34.3% | 12.46 |
| Peer Median | - | 23.15 | 4.55 | 11.9% | 15.76 | |