MYRGNasdaqWater, Sewer, Pipeline, Comm & Power Line ConstructionFiscal year ends December 31
MYR GROUP INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$284.94+4.78 (+1.71%)
Close on Oct 19, 2026
- Market cap
- $4.48B
- P/E (TTM)
- 27.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
11.6%−0.7 pts over 5 years
Operating margin
4.6%+0.7 pts over 5 years
Net margin
3.2%+0.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.8% | +6.7% | +10.2% | +13.2% | |
| Gross profit | +46.0% | +7.2% | +9.0% | +13.2% | |
| Operating income | +208.6% | +13.2% | +14.0% | +14.0% | |
| Net income | +291.3% | +12.4% | +15.0% | +15.8% | |
| EPS, diluted | +311.5% | +15.3% | +16.7% | +19.2% | |
| Free cash flow | +1977.4% | +36.9% | +12.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 7.2% | 14.8% | 18.8% | |
| Return on assets | 3.9% | 5.9% | 7.6% | |
| Current ratio | 1.75 | 1.44 | 1.33 | |
| Debt to equity | 0.22 | 0.07 | 0.09 | |
| Net debt to EBITDA | 0.45× | 0.05× | -0.39× | |
| Interest coverage | 29.8× | 19.0× | 29.5× | |
| Capex to revenue | 2.2% | 2.0% | 2.6% | |
| Diluted shares | 17M | 17M | 16M |
Where the cash went
Fiscal 2021 to 2025, five years combined
MYR generated $789.41M from operations and spent $574.31M on capital expenditure, dividends and share buybacks. 67% of that went back into the business.
Generated
$789.41M
Used
$574.31M
Capital expenditure$384.46M67%Dividends$00%Share buybacks$189.85M33%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.2%
×Asset turnover2.34×
×Equity multiplier2.48×
=Return on equity, FY202518.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.2% | 2.34× | 2.48× | 18.8% |
| FY2024 | 0.9% | 2.19× | 2.45× | 4.8% |
| FY2023 | 2.5% | 2.45× | 2.46× | 15.0% |
| FY2022 | 2.8% | 2.39× | 2.33× | 15.5% |
| FY2021 | 3.4% | 2.36× | 2.23× | 17.9% |
| FY2020 | 2.6% | 2.24× | 2.52× | 14.8% |
| FY2019 | 1.8% | 2.36× | 2.56× | 11.0% |
| FY2018 | 2.0% | 2.26× | 2.22× | 10.2% |
| FY2017 | 1.5% | 2.38× | 2.14× | 7.7% |
| FY2016 | 1.9% | 2.08× | 1.85× | 7.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$118.42M
- Cash generatingOperating cash flow above zero$326.57M
- Return on assets improvedROA up on the prior year1.9% → 8.0%
- Earnings backed by cashOperating cash flow above net income$326.57M vs $118.42M
- Less leverageLong-term debt to assets fell4.7% → 3.3%
- Better liquidityCurrent ratio rose1.40 → 1.33
- No dilutionShare count did not rise17M → 16M
- Gross margin improvedGross margin up on the prior year8.63% → 11.59%
- More efficientAsset turnover rose2.13 → 2.46