MYR Group Inc. (MYRG) AI Stock Analysis

Headquartered in Henderson, Colorado, MYR Group Inc. delivers electrical construction services across the United States and Canada. The company operates two main segments: Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment provides design, engineering, construction, upgrade, maintenance, and repair services for high-voltage transmission lines, substations, underground and overhead distribution systems, and renewable power facilities, alongside emergency restoration services. The Commercial and Industrial segment handles electrical wiring installations, maintenance, and repairs for facilities such as data centers, airports, hospitals, hotels, and stadiums.

MYR Group grew revenue from $2.50B in FY2021 to $3.66B in FY2025, recording a 5-year revenue CAGR of 10.2%. Annual revenue rose 20.4% in FY2022 and 21.1% in FY2023, before declining 7.7% in FY2024 to $3.36B, then rebounding 8.8% in FY2025. Net income moved from $85.0M in FY2021 to a low of $30.3M in FY2024, before rebounding to $118.4M in FY2025, with EPS rising to $7.53. In the latest quarter ending June 30, 2026, quarterly revenue grew 20.1% year-over-year, while quarterly earnings grew 86.5% year-over-year. TTM revenue reached $4.01B, with an operating margin of 6.2% and a profit margin of 4.1%.

As of June 30, 2026, MYR Group held $137.9M in cash and short-term investments against total debt of $67.1M, yielding a net cash position of $70.8M. The current ratio stood at 1.40, and the debt-to-equity ratio was 0.09 with shareholders' equity of $754.4M. In FY2025, the company generated $326.6M in operating cash flow and $232.2M in free cash flow. Cash deployment in FY2025 included $94.4M in capital expenditures and $75.0M in share buybacks, contributing to an 8.4% reduction in share count over 5 years.

MYR Group shares closed at $280.16 on October 16, 2026, representing a 1-year return of 33.5% and a 5-year return of 166.6%, outpacing the S&P 500 (SPY) returns of 16.8% and 83.0% over the same periods. The stock trades at a trailing P/E of 26.6x and a forward P/E of 21.7x, both above the median of its US-listed Industrials peers of 24.8x and 17.2x. MYRG's price-to-sales multiple is 1.1x compared to the peer median of 1.5x, while its EV/EBITDA of 15.3x is higher than the peer median of 13.9x.

Wall Street coverage includes 4 Strong Buy ratings and 3 Hold ratings, with zero Buy, Sell, or Strong Sell ratings. The mean price target of $400.20 indicates 42.8% upside relative to the last close of $280.16. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $12.19, representing 61.8% earnings growth, on revenue of $4.39B. For the following fiscal year, 6 analysts anticipate revenue of $5.07B and EPS of $14.58. The company has beaten EPS expectations in each of the last 4 quarters and is scheduled to report earnings next on October 28, 2026.

This page is an AI-written research summary of MYR Group Inc. (MYRG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: MYRG income statement, MYRG balance sheet, MYRG key metrics, MYRG analyst forecast, MYRG chart. See the MYRG stock overview for the latest quote and news.