MYR Group (MYRG) Financials

$447.82 -10.60 (-2.31%)

As of 12:41 PM Eastern

Annual Income Statements for MYR Group

This table shows MYR Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	27	21	21	31	38	59	85	83	91	30	118
Consolidated Net Income / (Loss)	27	21	21	31	36	59	85	83	91	30	118
Net Income / (Loss) Continuing Operations	27	21	21	31	36	59	85	83	91	30	118
Total Pre-Tax Income	44	38	25	43	50	81	116	114	125	46	161
Total Operating Income	45	39	30	50	57	87	119	115	129	54	167
Total Gross Profit	122	135	125	167	214	276	325	344	364	290	424
Total Revenue	1,062	1,142	1,403	1,531	2,071	2,247	2,498	3,009	3,644	3,362	3,658
Operating Revenue	1,062	1,142	1,403	1,531	2,071	2,247	2,498	3,009	3,644	3,362	3,658
Total Cost of Revenue	939	1,008	1,278	1,364	1,857	1,972	2,173	2,665	3,280	3,072	3,234
Operating Cost of Revenue	939	1,008	1,278	1,364	1,857	1,972	2,173	2,665	3,280	3,072	3,234
Total Operating Expenses	78	96	95	117	157	189	206	229	235	236	257
Selling, General & Admin Expense	79	96	99	119	157	189	207	222	235	238	256
Amortization Expense	0.57	0.89	0.50	1.84	3.85	3.59	2.31	9.01	4.91	4.87	4.82
Other Special Charges / (Income)	-2.26	-1.34	-3.66	-3.83	-3.54	-2.81	-3.10	-2.38	-4.21	-6.85	-4.26
Total Other Income / (Expense), net	-0.54	-0.41	-4.92	-7.24	-6.74	-5.16	-2.25	-0.70	-4.09	-7.59	-5.59
Interest Expense	0.74	1.30	2.60	3.65	6.23	4.56	1.80	3.56	4.94	6.53	5.65
Interest & Investment Income	0.03	0.01	0.00	0.02	0.00	0.01	0.07	0.19	0.89	0.42	0.72
Other Income / (Expense), net	0.17	0.89	-2.32	-3.62	-0.52	-0.61	-0.53	2.67	-0.04	-1.48	-0.66
Income Tax Expense	17	17	3.49	12	14	23	31	31	34	16	43
Basic Earnings per Share	$1.33	$1.25	$1.30	$1.89	$2.27	$3.52	$5.05	$4.98	$5.45	$1.84	$7.57
Weighted Average Basic Shares Outstanding	20.58M	17.11M	16.27M	16.44M	16.59M	16.68M	16.84M	16.76M	16.68M	16.47M	15.64M
Diluted Earnings per Share	$1.30	$1.23	$1.28	$1.87	$2.26	$3.48	$4.95	$4.91	$5.40	$1.83	$7.53
Weighted Average Diluted Shares Outstanding	21.04M	17.46M	16.50M	16.59M	16.70M	16.89M	17.16M	16.98M	16.84M	16.53M	15.73M
Weighted Average Basic & Diluted Shares Outstanding	20.50M	17.10M	16.30M	16.40M	16.66M	16.79M	16.96M	16.67M	16.74M	16.14M	15.54M

This table shows MYR Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	22	24	19	-15	11	16	24	26	32	36	47
Consolidated Net Income / (Loss)	22	24	19	-15	11	16	23	26	32	37	47
Net Income / (Loss) Continuing Operations	22	24	19	-15	11	16	23	26	32	37	47
Total Pre-Tax Income	31	35	23	-22	19	27	33	37	45	46	64
Total Operating Income	32	37	24	-21	20	30	34	40	46	47	65
Total Gross Profit	92	97	86	41	77	86	97	104	112	111	134
Total Revenue	939	1,004	816	829	888	830	834	900	950	974	1,000
Operating Revenue	939	1,004	816	829	888	830	834	900	950	974	1,000
Total Cost of Revenue	847	907	729	788	811	744	737	797	839	862	866
Operating Cost of Revenue	847	907	729	788	811	744	737	797	839	862	866
Total Operating Expenses	60	60	62	62	57	56	63	64	66	65	70
Selling, General & Admin Expense	60	60	62	62	57	57	63	63	66	65	69
Amortization Expense	1.23	1.22	1.23	1.22	1.22	1.20	1.19	1.21	1.21	1.21	1.22
Other Special Charges / (Income)	-0.75	-0.92	-1.49	-1.51	-1.75	-2.11	-1.10	-0.60	-1.51	-1.05	-0.92
Total Other Income / (Expense), net	-1.18	-1.71	-1.18	-1.43	-1.83	-3.15	-1.52	-2.39	-1.54	-0.13	-0.70
Interest Expense	1.32	1.88	1.05	1.24	2.02	2.21	1.41	1.91	1.44	0.89	0.66
Interest & Investment Income	0.23	0.15	0.14	0.08	0.07	0.12	0.19	0.05	0.20	0.29	0.91
Other Income / (Expense), net	-0.09	0.02	-0.26	-0.27	0.11	-1.06	-0.30	-0.53	-0.30	0.47	-0.95
Income Tax Expense	9.33	11	4.16	-6.86	7.88	11	9.46	11	13	9.84	17
Basic Earnings per Share	$1.29	$1.44	$1.13	($0.91)	$0.65	$0.97	$1.46	$1.70	$2.07	$2.34	$3.01
Weighted Average Basic Shares Outstanding	16.71M	16.68M	16.71M	16.76M	16.28M	16.47M	15.99M	15.53M	15.53M	15.64M	15.54M
Diluted Earnings per Share	$1.28	$1.41	$1.12	($0.91)	$0.65	$0.97	$1.45	$1.70	$2.05	$2.33	$2.99
Weighted Average Diluted Shares Outstanding	16.83M	16.84M	16.84M	16.81M	16.32M	16.53M	16.06M	15.58M	15.63M	15.73M	15.68M
Weighted Average Basic & Diluted Shares Outstanding	16.71M	16.74M	16.77M	16.51M	16.12M	16.14M	15.52M	15.52M	15.52M	15.54M	15.57M

This table details how cash moves in and out of MYR Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-38	-16	-19	2.16	4.89	10	59	-31	-26	-21	147
Net Cash From Operating Activities	43	54	-9.20	85	65	175	137	167	71	87	327
Net Cash From Continuing Operating Activities	43	54	-9.20	85	65	175	137	167	71	87	327
Net Income / (Loss) Continuing Operations	27	21	21	31	36	59	85	83	91	30	118
Consolidated Net Income / (Loss)	27	21	21	31	36	59	85	83	91	30	118
Depreciation Expense	37	38	38	38	41	43	44	49	54	60	62
Amortization Expense	0.57	0.89	0.50	1.84	3.85	3.59	2.31	9.01	4.91	4.87	4.82
Non-Cash Adjustments To Reconcile Net Income	2.78	-18	-16	-29	-15	36	-33	-57	-106	124	-12
Changes in Operating Assets and Liabilities, net	-25	12	-53	42	-1.28	34	39	83	26	-132	154
Net Cash From Investing Activities	-57	-34	-27	-93	-133	-41	-49	-186	-79	-67	-86
Net Cash From Continuing Investing Activities	-57	-34	-27	-93	-133	-41	-49	-186	-79	-67	-86
Purchase of Property, Plant & Equipment	-47	-25	-31	-51	-58	-44	-52	-77	-85	-76	-94
Sale of Property, Plant & Equipment	2.76	3.30	4.34	4.58	4.05	3.43	3.06	1.99	5.61	8.73	8.19
Net Cash From Financing Activities	-24	-36	17	11	73	-124	-28	-9.27	-18	-40	-94
Net Cash From Continuing Financing Activities	-24	-36	17	11	73	-124	-28	-9.27	-18	-40	-94
Repayment of Debt	0.00	-0.74	0.00	-21	-5.59	-19	-25	-187	-569	-780	-770
Repurchase of Common Equity	-28	-101	-3.06	-1.04	-0.78	0.00	0.00	-37	-2.87	-75	-75
Issuance of Debt	1.75	60	20	32	81	-104	0.00	223	563	822	754
Other Financing Activities, net	1.92	6.22	0.03	0.82	-0.86	-1.14	-3.19	-8.34	-9.06	-7.06	-3.73
Effect of Exchange Rate Changes	0.00	-0.77	0.31	-0.06	0.13	0.33	-0.41	-3.54	0.34	-1.38	0.38
Cash Interest Paid	0.59	1.11	2.26	3.10	5.74	4.07	1.44	2.74	4.15	5.77	5.13
Cash Income Taxes Paid	17	6.27	6.60	7.25	13	24	30	20	24	15	29

This table details how cash moves in and out of MYR Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	7.62	-5.57	-21	-2.04	5.70	-4.11	7.43	12	53	74	13
Net Cash From Operating Activities	13	43	7.69	23	36	21	83	33	96	115	85
Net Cash From Continuing Operating Activities	13	43	7.69	23	36	21	83	33	96	115	85
Net Income / (Loss) Continuing Operations	22	24	19	-15	11	16	23	26	32	37	47
Consolidated Net Income / (Loss)	22	24	19	-15	11	16	23	26	32	37	47
Depreciation Expense	14	14	15	15	15	15	15	15	16	16	17
Amortization Expense	1.23	1.22	1.23	1.22	1.22	1.20	1.19	1.21	1.21	1.21	1.22
Non-Cash Adjustments To Reconcile Net Income	-26	-9.02	-30	49	-8.87	107	1.30	42	-47	31	20
Changes in Operating Assets and Liabilities, net	2.27	12	2.80	-28	17	-118	42	-52	94	30	0.54
Net Cash From Investing Activities	-21	-19	-24	-19	-14	-10	-11	-20	-28	-28	-15
Net Cash From Continuing Investing Activities	-21	-19	-24	-19	-14	-10	-11	-20	-28	-28	-15
Purchase of Property, Plant & Equipment	-22	-21	-26	-20	-18	-12	-13	-21	-30	-30	-16
Sale of Property, Plant & Equipment	0.67	1.61	1.88	1.50	3.44	1.91	2.18	1.55	2.29	2.18	0.95
Net Cash From Financing Activities	17	-29	-4.45	-5.83	-16	-14	-65	-1.55	-14	-13	-56
Net Cash From Continuing Financing Activities	17	-29	-4.45	-5.83	-16	-14	-65	-1.55	-14	-13	-56
Repayment of Debt	-152	-235	-120	-160	-247	-253	-218	-259	-161	-132	-98
Repurchase of Common Equity	-	-2.87	0.00	-	-61	-	-75	-	-	-	0.00
Issuance of Debt	169	208	122	169	293	238	231	258	146	119	48
Other Financing Activities, net	-0.29	-0.27	-6.14	-0.27	-1.53	0.89	-2.75	-0.47	-0.28	-0.23	-6.69
Effect of Exchange Rate Changes	-0.45	0.38	-0.32	-0.22	0.08	-0.91	0.01	0.42	-0.06	0.01	-0.19

This table presents MYR Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	525	573	604	749	1,008	996	1,121	1,399	1,579	1,489	1,644
Total Current Assets	303	343	380	476	639	637	748	890	1,026	929	1,061
Cash & Equivalents	40	24	5.34	7.51	12	23	82	51	25	3.46	150
Accounts Receivable	239	305	240	288	388	386	375	473	522	653	604
Current Deferred & Refundable Income Taxes	5.62	2.47	0.39	0.00	1.97	1.53	9.23	8.94	4.03	4.64	0.00
Other Current Assets	19	12	134	180	236	198	236	310	429	226	307
Plant, Property, & Equipment, net	161	155	148	162	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	61	76	76	111	369	359	373	509	553	559	583
Long-Term Investments	-	0.00	0.17	1.32	4.72	3.04	3.98	3.70	8.71	3.73	3.22
Noncurrent Note & Lease Receivables	-	15	14	17	31	27	32	34	34	35	21
Goodwill	47	47	47	57	66	66	66	116	117	113	115
Intangible Assets	11	12	11	33	55	51	49	88	84	76	72
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	0.00	5.73	13
Other Noncurrent Operating Assets	2.39	2.67	3.66	2.88	212	212	221	267	310	327	358
Total Liabilities & Shareholders' Equity	525	573	604	749	1,008	996	1,121	1,399	1,579	1,489	1,644
Total Liabilities	195	310	317	424	643	567	602	839	928	888	984
Total Current Liabilities	180	196	189	284	397	443	499	667	747	664	795
Short-Term Debt	0.00	1.09	1.09	3.68	15	11	8.80	15	16	17	18
Accounts Payable	73	100	110	139	192	163	201	315	359	295	315
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	0.00	2.02	0.00	0.24	0.20	15
Other Current Liabilities	66	53	77	141	190	270	287	337	371	351	448
Total Noncurrent Liabilities	15	114	128	140	247	123	103	172	180	225	188
Long-Term Debt	0.00	59	79	86	157	25	3.46	35	29	70	54
Capital Lease Obligations	0.00	3.83	2.63	1.51	17	16	13	23	26	32	31
Asset Retirement Reserve & Litigation Obligation	-	32	32	34	48	45	51	51	52	54	43
Noncurrent Deferred & Payable Income Tax Liabilities	14	19	13	17	21	18	25	46	48	52	50
Other Noncurrent Operating Liabilities	0.93	0.54	0.92	1.06	3.30	19	11	16	25	16	10
Commitments & Contingencies	-	-	0.00	-	0.00	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	330	263	287	324	364	429	519	560	651	600	660
Total Preferred & Common Equity	330	263	287	323	364	429	519	560	651	600	660
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	330	263	287	323	364	429	519	560	651	600	660
Common Stock	162	140	144	148	153	159	164	162	163	159	165
Retained Earnings	168	123	143	175	212	270	355	405	493	454	503
Accumulated Other Comprehensive Income / (Loss)	0.12	-0.43	-0.30	-0.19	-0.45	0.02	0.17	-6.30	-3.88	-13	-8.18

This table presents MYR Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,330	1,360	1,465	1,561	1,583	1,583	1,593	1,522	1,587	1,645	1,673
Total Current Assets	835	848	940	1,032	1,026	1,017	1,032	968	1,018	1,068	1,085
Cash & Equivalents	36	47	23	30	3.91	1.87	7.57	11	23	76	163
Accounts Receivable	443	419	475	549	527	555	571	569	600	601	636
Current Deferred & Refundable Income Taxes	3.57	6.02	11	4.85	1.75	14	6.28	2.57	4.39	5.64	1.80
Other Current Assets	352	377	431	448	493	447	446	386	391	386	285
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	495	512	525	528	557	566	561	554	569	577	588
Long-Term Investments	3.14	4.15	5.93	5.41	9.46	13	5.84	3.76	4.61	3.77	3.40
Noncurrent Note & Lease Receivables	35	35	34	33	34	34	35	34	34	35	20
Goodwill	115	116	117	116	116	115	116	113	115	115	114
Intangible Assets	89	86	86	84	81	80	79	75	75	73	71
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	5.74	6.00	5.90	13
Other Noncurrent Operating Assets	253	271	282	291	317	324	326	322	334	345	367
Total Liabilities & Shareholders' Equity	1,330	1,360	1,465	1,561	1,583	1,583	1,593	1,522	1,587	1,645	1,673
Total Liabilities	794	783	861	935	920	950	1,005	973	1,004	1,028	971
Total Current Liabilities	585	625	685	741	732	747	762	739	766	801	828
Short-Term Debt	15	15	15	15	17	17	16	17	17	18	17
Accounts Payable	282	294	338	378	321	344	330	286	308	298	332
Current Deferred & Payable Income Tax Liabilities	1.08	-	-	1.56	1.19	0.00	0.00	5.16	3.58	8.19	33
Other Current Liabilities	287	315	332	347	393	386	417	431	437	477	445
Total Noncurrent Liabilities	209	158	176	195	187	202	242	235	237	227	143
Long-Term Debt	81	20	40	57	31	38	89	83	82	67	4.72
Capital Lease Obligations	24	21	19	20	29	32	32	32	34	33	39
Asset Retirement Reserve & Litigation Obligation	52	52	52	50	51	52	54	53	54	56	41
Noncurrent Deferred & Payable Income Tax Liabilities	37	46	46	46	48	48	48	53	54	56	50
Other Noncurrent Operating Liabilities	14	18	19	21	28	33	19	14	14	15	8.38
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	536	578	604	625	664	633	589	549	583	618	703
Total Preferred & Common Equity	536	578	604	625	664	633	589	549	583	618	703
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	536	578	604	625	664	633	589	549	583	618	703
Common Stock	160	156	159	161	159	160	157	153	156	160	163
Retained Earnings	384	427	450	471	511	481	438	408	435	467	550
Accumulated Other Comprehensive Income / (Loss)	-7.60	-6.16	-4.02	-6.64	-6.35	-7.53	-6.22	-13	-7.66	-9.45	-9.49

This table displays calculated financial ratios and metrics derived from MYR Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.47%	7.61%	22.83%	9.11%	35.27%	8.51%	11.16%	20.42%	21.12%	-7.73%	8.79%
EBITDA Growth	-9.72%	-5.16%	-16.44%	31.59%	16.82%	30.85%	24.06%	7.01%	7.08%	-37.41%	97.57%
EBIT Growth	-23.14%	-11.94%	-31.28%	71.43%	21.34%	51.67%	37.35%	-0.39%	9.76%	-59.24%	215.97%
NOPAT Growth	-24.96%	-21.63%	17.16%	44.06%	12.29%	52.22%	38.68%	-3.18%	12.01%	-62.54%	248.04%
Net Income Growth	-25.29%	-21.50%	-1.29%	47.93%	15.72%	62.25%	44.67%	-1.91%	9.13%	-66.74%	291.29%
EPS Growth	-23.08%	-5.38%	4.07%	46.09%	20.86%	53.98%	42.24%	-0.81%	9.98%	-66.11%	311.48%
Operating Cash Flow Growth	-21.78%	26.72%	-116.88%	1,021.82%	-23.46%	169.91%	-21.66%	22.05%	-57.60%	22.67%	274.87%
Free Cash Flow Firm Growth	-251.77%	148.07%	-521.41%	82.60%	-1,334.33%	262.21%	-41.93%	-143.68%	55.26%	175.11%	1,735.52%
Invested Capital Growth	18.44%	4.56%	20.07%	11.73%	31.86%	-15.14%	0.70%	26.25%	19.05%	3.33%	-14.37%
Revenue Q/Q Growth	1.94%	6.77%	2.17%	5.00%	6.41%	1.67%	1.55%	7.81%	4.00%	-4.93%	4.09%
EBITDA Q/Q Growth	-11.65%	8.19%	-7.70%	7.44%	5.02%	4.59%	2.60%	6.40%	0.45%	-5.86%	8.76%
EBIT Q/Q Growth	-21.52%	18.85%	-15.21%	10.11%	7.89%	7.31%	3.51%	6.48%	0.20%	-13.38%	12.06%
NOPAT Q/Q Growth	-22.73%	5.90%	60.78%	-10.53%	4.51%	6.81%	3.34%	4.82%	-0.03%	-17.44%	18.08%
Net Income Q/Q Growth	-23.20%	9.82%	37.60%	-8.00%	5.60%	10.07%	3.08%	4.89%	-0.58%	-21.09%	21.06%
EPS Q/Q Growth	-21.69%	13.89%	43.82%	-9.22%	6.10%	9.43%	2.48%	5.82%	-0.92%	-19.38%	22.04%
Operating Cash Flow Q/Q Growth	34.18%	-25.15%	-17.97%	18.98%	12.16%	8.27%	-11.33%	63.02%	-41.86%	-19.80%	40.24%
Free Cash Flow Firm Q/Q Growth	38.18%	-81.12%	31.77%	17.49%	8.75%	19.64%	-39.09%	67.57%	-155.46%	-4.41%	41.19%
Invested Capital Q/Q Growth	-6.67%	5.81%	2.74%	1.02%	-0.49%	-4.66%	8.04%	-6.16%	1.13%	0.12%	-7.01%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.52%	11.79%	8.91%	10.91%	10.34%	12.27%	13.01%	11.43%	10.00%	8.63%	11.59%
EBITDA Margin	7.82%	6.89%	4.69%	5.66%	4.89%	5.89%	6.57%	5.84%	5.16%	3.50%	6.36%
Operating Margin	4.22%	3.39%	2.11%	3.29%	2.76%	3.85%	4.75%	3.82%	3.54%	1.61%	4.56%
EBIT Margin	4.24%	3.47%	1.94%	3.05%	2.74%	3.82%	4.72%	3.91%	3.54%	1.56%	4.54%
Profit (Net Income) Margin	2.57%	1.88%	1.51%	2.04%	1.75%	2.61%	3.40%	2.77%	2.50%	0.90%	3.24%
Tax Burden Percent	61.63%	55.89%	85.85%	72.66%	71.79%	72.20%	73.09%	73.01%	72.79%	65.09%	73.42%
Interest Burden Percent	98.41%	96.74%	90.46%	92.23%	89.02%	94.70%	98.54%	97.13%	96.86%	88.38%	97.04%
Effective Tax Rate	38.37%	44.11%	14.15%	27.34%	28.21%	27.80%	26.91%	26.99%	27.21%	34.91%	26.58%
Return on Invested Capital (ROIC)	10.33%	7.30%	7.60%	9.48%	8.70%	12.60%	18.96%	16.17%	14.82%	5.02%	18.54%
ROIC Less NNEP Spread (ROIC-NNEP)	10.90%	-125.22%	0.40%	2.89%	4.90%	8.84%	28.51%	18.62%	4.31%	-1.57%	5.10%
Return on Net Nonoperating Assets (RNNOA)	-1.96%	-0.07%	0.09%	0.75%	1.81%	2.21%	-1.04%	-0.72%	0.20%	-0.19%	0.25%
Return on Equity (ROE)	8.37%	7.23%	7.69%	10.24%	10.51%	14.81%	17.93%	15.45%	15.02%	4.84%	18.78%
Cash Return on Invested Capital (CROIC)	-6.55%	2.84%	-10.64%	-1.60%	-18.78%	28.98%	18.27%	-7.03%	-2.57%	1.75%	34.03%
Operating Return on Assets (OROA)	8.62%	7.22%	4.63%	6.90%	6.45%	8.58%	11.15%	9.33%	8.67%	3.34%	10.61%
Return on Assets (ROA)	5.23%	3.90%	3.59%	4.63%	4.12%	5.87%	8.03%	6.62%	6.11%	1.92%	7.56%
Return on Common Equity (ROCE)	8.37%	7.23%	7.69%	10.21%	10.49%	14.81%	17.93%	15.45%	15.02%	4.84%	18.78%
Return on Equity Simple (ROE_SIMPLE)	8.28%	8.14%	7.37%	9.69%	9.94%	13.69%	16.38%	14.88%	13.97%	5.04%	0.00%
Net Operating Profit after Tax (NOPAT)	28	22	25	37	41	62	87	84	94	35	123
NOPAT Margin	2.60%	1.90%	1.81%	2.39%	1.98%	2.78%	3.47%	2.79%	2.58%	1.05%	3.35%
Net Nonoperating Expense Percent (NNEP)	-0.57%	132.52%	7.20%	6.59%	3.80%	3.76%	-9.55%	-2.45%	10.51%	6.60%	13.43%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	13.24%	13.00%	4.89%	16.05%
Cost of Revenue to Revenue	88.48%	88.21%	91.09%	89.09%	89.66%	87.73%	86.99%	88.57%	90.00%	91.37%	88.41%
SG&A Expenses to Revenue	7.46%	8.44%	7.03%	7.75%	7.56%	8.39%	8.29%	7.39%	6.44%	7.09%	7.01%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.30%	8.40%	6.80%	7.62%	7.58%	8.42%	8.26%	7.61%	6.46%	7.03%	7.02%
Earnings before Interest and Taxes (EBIT)	45	40	27	47	57	86	118	118	129	53	166
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	83	79	66	87	101	132	164	176	188	118	233
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.29	2.30	2.05	1.44	1.49	2.34	3.59	2.73	3.71	4.00	5.14
Price to Tangible Book Value (P/TBV)	1.57	2.96	2.57	2.00	2.23	3.22	4.62	4.28	5.36	5.83	7.18
Price to Revenue (P/Rev)	0.40	0.53	0.42	0.30	0.26	0.45	0.75	0.51	0.66	0.71	0.93
Price to Earnings (P/E)	15.56	28.24	27.81	15.01	14.40	17.11	21.94	18.33	26.56	79.25	28.64
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.43%	3.54%	3.60%	6.66%	6.95%	5.84%	4.56%	5.46%	3.77%	1.26%	3.49%
Enterprise Value to Invested Capital (EV/IC)	1.33	2.13	1.83	1.35	1.33	2.27	3.94	2.67	3.56	3.53	5.48
Enterprise Value to Revenue (EV/Rev)	0.36	0.57	0.47	0.36	0.35	0.46	0.72	0.51	0.67	0.75	0.91
Enterprise Value to EBITDA (EV/EBITDA)	4.64	8.20	10.11	6.36	7.06	7.79	10.99	8.80	13.04	21.31	14.36
Enterprise Value to EBIT (EV/EBIT)	8.56	16.28	24.43	11.79	12.61	12.00	15.29	13.16	19.02	47.72	20.10
Enterprise Value to NOPAT (EV/NOPAT)	13.94	29.80	26.22	15.06	17.41	16.51	20.82	18.44	26.12	71.31	27.27
Enterprise Value to Operating Cash Flow (EV/OCF)	8.96	11.85	0.00	6.49	11.01	5.89	13.15	9.24	34.56	28.81	10.23
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	76.60	0.00	0.00	0.00	7.17	21.62	0.00	0.00	204.89	14.86
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.24	0.29	0.28	0.52	0.12	0.05	0.13	0.11	0.20	0.16
Long-Term Debt to Equity	0.00	0.24	0.28	0.27	0.48	0.10	0.03	0.10	0.08	0.17	0.13
Financial Leverage	-0.18	0.00	0.21	0.26	0.37	0.25	-0.04	-0.04	0.05	0.12	0.05
Leverage Ratio	1.60	1.85	2.14	2.21	2.55	2.52	2.23	2.33	2.46	2.52	2.48
Compound Leverage Factor	1.58	1.79	1.94	2.04	2.27	2.39	2.20	2.27	2.38	2.23	2.41
Debt to Total Capital	0.00%	19.56%	22.36%	21.96%	34.18%	10.76%	4.68%	11.59%	9.90%	16.54%	13.46%
Short-Term Debt to Total Capital	0.00%	0.33%	0.29%	0.89%	2.70%	2.29%	1.62%	2.33%	2.25%	2.29%	2.30%
Long-Term Debt to Total Capital	0.00%	19.23%	22.07%	21.08%	31.48%	8.47%	3.07%	9.25%	7.65%	14.24%	11.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	80.44%	77.64%	77.68%	65.82%	89.24%	95.32%	88.41%	90.10%	83.46%	86.54%
Debt to EBITDA	0.00	0.81	1.26	1.05	1.87	0.39	0.16	0.42	0.38	1.01	0.44
Net Debt to EBITDA	0.00	0.51	1.17	0.95	1.70	0.20	-0.37	0.11	0.20	0.95	-0.22
Long-Term Debt to EBITDA	0.00	0.80	1.24	1.01	1.72	0.31	0.10	0.33	0.29	0.87	0.37
Debt to NOPAT	0.00	2.95	3.26	2.50	4.61	0.83	0.29	0.88	0.76	3.38	0.84
Net Debt to NOPAT	0.00	1.85	3.04	2.26	4.19	0.42	-0.70	0.22	0.40	3.17	-0.41
Long-Term Debt to NOPAT	0.00	2.90	3.22	2.40	4.25	0.65	0.19	0.70	0.59	2.91	0.69
Altman Z-Score	4.34	4.00	4.30	3.54	3.33	4.22	5.15	4.12	4.79	4.33	5.25
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.24%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.69	1.75	2.01	1.68	1.61	1.44	1.50	1.33	1.37	1.35	1.33
Quick Ratio	1.55	1.67	1.30	1.04	1.01	0.92	0.92	0.79	0.73	0.88	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-18	8.43	-36	-6.18	-89	144	83	-36	-16	12	225
Operating Cash Flow to CapEx	98.08%	246.87%	-34.71%	183.84%	120.68%	428.01%	278.36%	223.12%	89.75%	129.61%	378.94%
Free Cash Flow to Firm to Interest Expense	-23.66	6.49	-13.64	-1.69	-14.24	31.50	46.40	-10.23	-3.30	1.88	39.82
Operating Cash Flow to Interest Expense	58.03	41.95	-3.53	23.22	10.43	38.39	76.28	47.01	14.38	13.35	57.82
Operating Cash Flow Less CapEx to Interest Expense	-1.14	24.96	-13.71	10.59	1.79	29.42	48.88	25.94	-1.64	3.05	42.56
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.03	2.08	2.38	2.26	2.36	2.24	2.36	2.39	2.45	2.13	2.34
Accounts Receivable Turnover	4.81	4.21	5.15	5.79	6.12	5.80	6.56	7.10	7.33	5.72	5.82
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.86	7.24	9.26	9.88	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	13.86	11.63	12.16	10.92	11.20	11.12	11.96	10.33	9.72	9.38	10.60
Days Sales Outstanding (DSO)	75.88	86.79	70.86	63.02	59.65	62.89	55.61	51.43	49.81	63.78	62.70
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	26.33	31.37	30.03	33.43	32.59	32.83	30.51	35.35	37.55	38.90	34.44
Cash Conversion Cycle (CCC)	49.55	55.42	40.83	29.59	27.06	30.05	25.10	16.09	12.26	24.87	28.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	290	303	364	407	537	455	459	579	689	712	610
Invested Capital Turnover	3.97	3.85	4.20	3.97	4.39	4.53	5.47	5.80	5.75	4.80	5.53
Increase / (Decrease) in Invested Capital	45	13	61	43	130	-81	3.18	120	110	23	-102
Enterprise Value (EV)	385	645	665	551	715	1,031	1,804	1,547	2,455	2,510	3,341
Market Capitalization	425	605	588	467	543	1,005	1,865	1,528	2,417	2,398	3,392
Book Value per Share	$16.00	$16.38	$17.44	$19.50	$21.89	$25.66	$30.77	$33.75	$38.97	$37.24	$42.55
Tangible Book Value per Share	$13.16	$12.75	$13.92	$14.07	$14.62	$18.64	$23.95	$21.49	$26.97	$25.54	$30.45
Total Capital	330	327	370	416	554	481	545	634	723	719	763
Total Debt	0.00	64	83	91	189	52	25	73	72	119	103
Total Long-Term Debt	0.00	63	82	88	174	41	17	59	55	102	85
Net Debt	-40	40	77	82	172	26	-61	19	38	112	-51
Capital Expenditures (CapEx)	44	22	27	46	54	41	49	75	79	67	86
Debt-free, Cash-free Net Working Capital (DFCFNWC)	84	124	187	188	245	182	177	187	270	279	133
Debt-free Net Working Capital (DFNWC)	124	148	192	196	257	204	259	238	295	282	283
Net Working Capital (NWC)	124	147	191	192	242	193	250	223	279	266	265
Net Nonoperating Expense (NNE)	0.33	0.23	4.22	5.26	4.84	3.73	1.65	0.51	2.98	4.94	4.10
Net Nonoperating Obligations (NNO)	-40	40	77	82	172	26	-61	19	38	112	-51
Total Depreciation and Amortization (D&A)	38	39	39	40	45	46	46	58	59	65	67
Debt-free, Cash-free Net Working Capital to Revenue	7.90%	10.85%	13.32%	12.28%	11.83%	8.08%	7.07%	6.22%	7.42%	8.29%	3.63%
Debt-free Net Working Capital to Revenue	11.64%	12.93%	13.70%	12.77%	12.42%	9.09%	10.35%	7.91%	8.10%	8.40%	7.74%
Net Working Capital to Revenue	11.64%	12.84%	13.62%	12.53%	11.70%	8.60%	10.00%	7.42%	7.66%	7.90%	7.26%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.33	$1.25	$1.30	$1.89	$2.27	$3.52	$5.05	$4.98	$5.45	$1.84	$7.57
Adjusted Weighted Average Basic Shares Outstanding	20.58M	17.11M	16.27M	16.44M	16.59M	16.68M	16.84M	16.76M	16.68M	16.47M	15.64M
Adjusted Diluted Earnings per Share	$1.30	$1.23	$1.28	$1.87	$2.26	$3.48	$4.95	$4.91	$5.40	$1.83	$7.53
Adjusted Weighted Average Diluted Shares Outstanding	21.04M	17.46M	16.50M	16.59M	16.70M	16.89M	17.16M	16.98M	16.84M	16.53M	15.73M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.44M	16.34M	16.47M	16.60M	16.66M	16.79M	16.96M	16.67M	16.74M	16.14M	15.54M
Normalized Net Operating Profit after Tax (NOPAT)	26	21	22	34	39	60	84	82	91	31	119
Normalized NOPAT Margin	2.47%	1.83%	1.58%	2.21%	1.86%	2.69%	3.38%	2.73%	2.49%	0.91%	3.26%
Pre Tax Income Margin	4.17%	3.36%	1.76%	2.81%	2.44%	3.62%	4.66%	3.80%	3.43%	1.38%	4.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	60.75	30.52	10.46	12.79	9.10	18.83	65.61	33.00	26.13	8.06	29.43
NOPAT to Interest Expense	37.30	16.67	9.75	10.01	6.59	13.69	48.17	23.55	19.03	5.40	21.69
EBIT Less CapEx to Interest Expense	1.58	13.52	0.28	0.16	0.46	9.86	38.21	11.93	10.11	-2.24	14.17
NOPAT Less CapEx to Interest Expense	-21.87	-0.32	-0.43	-2.62	-2.04	4.72	20.76	2.48	3.00	-4.91	6.43
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	101.03%	473.53%	14.46%	3.33%	2.15%	0.00%	0.00%	44.35%	3.15%	247.83%	63.34%

This table displays calculated financial ratios and metrics derived from MYR Group's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	15,540,073.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	15,540,073.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	3.01
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.46%	16.23%	0.49%	-6.72%	-5.47%	-17.37%	2.21%	8.62%	7.02%	17.32%	20.00%
EBITDA Growth	16.57%	1.64%	-3.60%	-109.99%	-20.88%	-13.89%	25.97%	1,282.20%	68.74%	41.18%	62.48%
EBIT Growth	17.42%	0.68%	-12.17%	-164.43%	-35.89%	-21.83%	41.58%	287.13%	124.56%	61.49%	87.63%
NOPAT Growth	17.27%	-0.27%	-15.19%	-163.39%	-47.62%	-29.31%	22.55%	294.27%	183.72%	105.74%	93.96%
Net Income Growth	16.68%	-2.16%	-18.24%	-168.59%	-50.50%	-33.65%	23.07%	273.24%	201.38%	129.11%	100.79%
EPS Growth	17.43%	-3.42%	-18.84%	-168.42%	-49.22%	-31.21%	29.46%	286.81%	215.38%	140.21%	106.21%
Operating Cash Flow Growth	-7.78%	-54.54%	-79.30%	206.41%	183.91%	-50.45%	983.04%	44.88%	168.32%	443.73%	1.76%
Free Cash Flow Firm Growth	75.64%	10.53%	-410.03%	-136.56%	57.11%	93.96%	169.70%	164.08%	589.58%	2,806.51%	34.24%
Invested Capital Growth	10.47%	19.05%	24.59%	8.62%	4.38%	3.33%	-8.49%	-2.41%	-7.81%	-14.37%	-10.27%
Revenue Q/Q Growth	5.72%	6.89%	-18.78%	1.63%	7.14%	-6.56%	0.46%	8.00%	5.56%	2.44%	2.76%
EBITDA Q/Q Growth	-0.19%	12.46%	-24.59%	-111.81%	890.26%	22.40%	10.31%	10.79%	12.80%	2.41%	26.95%
EBIT Q/Q Growth	-1.91%	16.56%	-35.51%	-187.38%	197.60%	42.13%	16.81%	15.49%	17.12%	2.21%	35.72%
NOPAT Q/Q Growth	-2.31%	12.81%	-21.02%	-172.83%	180.73%	52.24%	36.92%	15.45%	17.90%	10.40%	29.08%
Net Income Q/Q Growth	-3.42%	11.76%	-21.23%	-180.66%	169.71%	49.80%	46.11%	13.55%	21.27%	13.88%	28.05%
EPS Q/Q Growth	-3.76%	10.16%	-20.57%	-181.25%	171.43%	49.23%	49.48%	17.24%	20.59%	13.66%	28.33%
Operating Cash Flow Q/Q Growth	158.87%	239.69%	-81.96%	194.94%	57.07%	-40.72%	294.37%	-60.54%	190.89%	20.13%	-26.20%
Free Cash Flow Firm Q/Q Growth	-41.76%	-101.38%	-45.23%	42.94%	74.30%	71.66%	1,776.60%	-47.54%	96.38%	56.69%	-16.84%
Invested Capital Q/Q Growth	4.89%	1.13%	5.49%	-2.93%	0.79%	0.12%	-6.58%	3.52%	-4.78%	-7.01%	-2.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	9.83%	9.71%	10.57%	4.93%	8.70%	10.36%	11.62%	11.52%	11.77%	11.43%	13.44%
EBITDA Margin	5.00%	5.26%	4.88%	-0.57%	4.19%	5.48%	6.02%	6.18%	6.60%	6.60%	8.15%
Operating Margin	3.41%	3.70%	2.98%	-2.50%	2.29%	3.63%	4.11%	4.42%	4.87%	4.78%	6.47%
EBIT Margin	3.40%	3.71%	2.94%	-2.53%	2.31%	3.51%	4.08%	4.36%	4.84%	4.83%	6.38%
Profit (Net Income) Margin	2.29%	2.39%	2.32%	-1.84%	1.20%	1.92%	2.80%	2.94%	3.38%	3.75%	4.68%
Tax Burden Percent	69.75%	67.74%	82.00%	69.01%	57.47%	59.07%	71.13%	70.78%	71.75%	78.78%	73.10%
Interest Burden Percent	96.58%	95.35%	96.20%	105.53%	90.51%	92.80%	96.40%	95.26%	97.30%	98.73%	100.39%
Effective Tax Rate	30.25%	32.26%	18.00%	0.00%	42.53%	40.93%	28.87%	29.22%	28.25%	21.22%	26.90%
Return on Invested Capital (ROIC)	12.83%	14.42%	13.59%	-9.26%	6.69%	10.30%	14.21%	15.49%	17.96%	20.84%	28.66%
ROIC Less NNEP Spread (ROIC-NNEP)	11.63%	10.34%	10.80%	-10.59%	5.51%	7.81%	13.00%	13.58%	16.59%	20.50%	19.15%
Return on Net Nonoperating Assets (RNNOA)	1.37%	0.48%	0.60%	-1.01%	0.81%	0.93%	1.93%	1.98%	2.21%	0.99%	0.16%
Return on Equity (ROE)	14.20%	14.91%	14.19%	-10.27%	7.50%	11.24%	16.14%	17.47%	20.17%	21.83%	28.82%
Cash Return on Invested Capital (CROIC)	4.53%	-2.57%	-8.12%	-0.41%	1.84%	1.75%	14.55%	14.24%	23.30%	34.03%	33.86%
Operating Return on Assets (OROA)	8.24%	9.07%	7.30%	-5.96%	5.17%	7.48%	8.88%	9.49%	10.50%	11.27%	15.26%
Return on Assets (ROA)	5.55%	5.86%	5.76%	-4.34%	2.69%	4.10%	6.09%	6.40%	7.33%	8.77%	11.20%
Return on Common Equity (ROCE)	14.20%	14.91%	14.19%	-10.27%	7.50%	11.24%	16.14%	17.47%	20.17%	21.83%	28.82%
Return on Equity Simple (ROE_SIMPLE)	14.63%	0.00%	13.07%	7.77%	6.52%	0.00%	6.31%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	22	25	20	-14	12	18	24	28	33	37	47
NOPAT Margin	2.38%	2.51%	2.44%	-1.75%	1.32%	2.15%	2.93%	3.13%	3.49%	3.76%	4.73%
Net Nonoperating Expense Percent (NNEP)	1.21%	4.09%	2.78%	1.33%	1.18%	2.49%	1.20%	1.91%	1.37%	0.34%	9.51%
Return On Investment Capital (ROIC_SIMPLE)	-	3.49%	-	-	-	2.48%	3.59%	3.93%	4.51%	4.80%	6.20%
Cost of Revenue to Revenue	90.17%	90.29%	89.43%	95.07%	91.30%	89.64%	88.38%	88.48%	88.23%	88.57%	86.56%
SG&A Expenses to Revenue	6.37%	5.97%	7.63%	7.46%	6.47%	6.83%	7.50%	7.03%	6.94%	6.64%	6.94%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.42%	6.00%	7.60%	7.43%	6.41%	6.72%	7.51%	7.10%	6.90%	6.65%	6.97%
Earnings before Interest and Taxes (EBIT)	32	37	24	-21	20	29	34	39	46	47	64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	47	53	40	-4.70	37	45	50	56	63	64	82
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.60	3.71	4.45	3.59	2.87	4.00	3.33	4.83	5.23	5.14	6.24
Price to Tangible Book Value (P/TBV)	5.29	5.36	6.33	5.19	4.29	5.83	5.05	7.17	7.51	7.18	8.48
Price to Revenue (P/Rev)	0.64	0.66	0.81	0.63	0.48	0.71	0.54	0.82	0.92	0.93	1.15
Price to Earnings (P/E)	24.53	26.56	34.15	46.49	44.32	79.25	52.33	36.76	32.93	28.64	30.97
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.08%	3.77%	2.93%	2.15%	2.26%	1.26%	1.91%	2.72%	3.04%	3.49%	3.23%
Enterprise Value to Invested Capital (EV/IC)	3.39	3.56	4.15	3.33	2.55	3.53	2.92	4.24	4.98	5.48	7.17
Enterprise Value to Revenue (EV/Rev)	0.66	0.67	0.83	0.65	0.51	0.75	0.57	0.85	0.93	0.91	1.12
Enterprise Value to EBITDA (EV/EBITDA)	12.32	13.04	16.16	17.40	14.47	21.31	15.15	15.51	15.27	14.36	16.21
Enterprise Value to EBIT (EV/EBIT)	17.92	19.02	23.99	32.52	29.81	47.72	31.02	23.79	22.03	20.10	21.84
Enterprise Value to NOPAT (EV/NOPAT)	24.55	26.12	33.41	44.10	42.46	71.31	49.12	35.53	31.49	27.27	29.44
Enterprise Value to Operating Cash Flow (EV/OCF)	18.89	34.56	72.61	27.44	16.67	28.81	11.93	16.90	14.03	10.23	13.05
Enterprise Value to Free Cash Flow (EV/FCFF)	78.46	0.00	0.00	0.00	141.25	204.89	19.18	29.44	20.51	14.86	20.03
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.15	0.11	0.12	0.14	0.23	0.20	0.24	0.23	0.19	0.16	0.09
Long-Term Debt to Equity	0.12	0.08	0.09	0.11	0.21	0.17	0.21	0.20	0.16	0.13	0.06
Financial Leverage	0.12	0.05	0.06	0.10	0.15	0.12	0.15	0.15	0.13	0.05	0.01
Leverage Ratio	2.49	2.46	2.37	2.46	2.60	2.52	2.56	2.61	2.69	2.48	2.55
Compound Leverage Factor	2.40	2.34	2.28	2.60	2.35	2.34	2.47	2.48	2.61	2.45	2.56
Debt to Total Capital	12.81%	9.90%	10.35%	12.09%	18.79%	16.54%	19.30%	18.57%	16.06%	13.46%	7.95%
Short-Term Debt to Total Capital	2.03%	2.25%	2.23%	2.37%	2.14%	2.29%	2.45%	2.42%	2.41%	2.30%	2.28%
Long-Term Debt to Total Capital	10.77%	7.65%	8.12%	9.72%	16.65%	14.24%	16.85%	16.15%	13.65%	11.16%	5.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	87.19%	90.10%	89.65%	87.91%	81.21%	83.46%	80.70%	81.43%	83.94%	86.54%	92.05%
Debt to EBITDA	0.49	0.38	0.41	0.65	1.09	1.01	1.02	0.71	0.55	0.44	0.23
Net Debt to EBITDA	0.30	0.20	0.34	0.54	0.98	0.95	0.91	0.56	0.18	-0.22	-0.40
Long-Term Debt to EBITDA	0.41	0.29	0.32	0.52	0.96	0.87	0.89	0.61	0.47	0.37	0.16
Debt to NOPAT	0.98	0.76	0.85	1.64	3.19	3.38	3.32	1.62	1.14	0.84	0.42
Net Debt to NOPAT	0.60	0.40	0.70	1.36	2.88	3.17	2.95	1.28	0.37	-0.41	-0.73
Long-Term Debt to NOPAT	0.82	0.59	0.67	1.31	2.83	2.91	2.90	1.41	0.97	0.69	0.30
Altman Z-Score	4.40	4.60	4.95	4.29	3.86	4.28	3.98	4.51	4.71	5.01	5.77
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.39	1.37	1.40	1.36	1.35	1.35	1.31	1.33	1.33	1.33	1.31
Quick Ratio	0.78	0.73	0.73	0.74	0.76	0.88	0.79	0.81	0.85	0.95	0.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-42	-85	-124	-70	-18	-5.14	86	45	89	139	116
Operating Cash Flow to CapEx	58.65%	220.45%	32.17%	121.44%	250.21%	203.20%	764.79%	167.04%	342.74%	414.15%	558.37%
Free Cash Flow to Firm to Interest Expense	-32.03	-45.25	-117.23	-56.81	-8.99	-2.32	60.90	23.71	61.61	156.38	175.42
Operating Cash Flow to Interest Expense	9.51	22.67	7.30	18.28	17.67	9.54	58.90	17.25	66.38	129.17	128.60
Operating Cash Flow Less CapEx to Interest Expense	-6.71	12.39	-15.38	3.23	10.61	4.84	51.20	6.92	47.01	97.98	105.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.42	2.45	2.48	2.35	2.24	2.13	2.18	2.18	2.17	2.34	2.39
Accounts Receivable Turnover	7.06	7.33	7.71	6.97	6.31	5.72	6.17	5.98	6.00	5.82	6.35
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	9.53	9.72	10.66	9.60	9.14	9.38	10.14	9.47	9.92	10.60	10.87
Days Sales Outstanding (DSO)	51.68	49.81	47.32	52.38	57.80	63.78	59.18	61.04	60.87	62.70	57.49
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	38.32	37.55	34.23	38.04	39.92	38.90	36.00	38.55	36.79	34.44	33.57
Cash Conversion Cycle (CCC)	13.36	12.26	13.08	14.34	17.88	24.87	23.18	22.48	24.08	28.27	23.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	681	689	727	706	711	712	665	689	656	610	597
Invested Capital Turnover	5.40	5.75	5.57	5.29	5.08	4.80	4.86	4.95	5.14	5.53	6.06
Increase / (Decrease) in Invested Capital	65	110	143	56	30	23	-62	-17	-56	-102	-68
Enterprise Value (EV)	2,308	2,455	3,017	2,348	1,810	2,510	1,942	2,922	3,267	3,341	4,281
Market Capitalization	2,252	2,417	2,953	2,275	1,688	2,398	1,825	2,817	3,229	3,392	4,387
Book Value per Share	$37.43	$38.97	$39.72	$37.78	$35.65	$37.24	$34.00	$37.57	$39.79	$42.55	$45.23
Tangible Book Value per Share	$25.49	$26.97	$27.91	$26.13	$23.84	$25.54	$22.37	$25.30	$27.69	$30.45	$33.31
Total Capital	717	723	740	720	725	719	680	716	736	763	764
Total Debt	92	72	77	87	136	119	131	133	118	103	61
Total Long-Term Debt	77	55	60	70	121	102	115	116	100	85	43
Net Debt	56	38	63	72	123	112	117	105	38	-51	-106
Capital Expenditures (CapEx)	21	19	24	19	14	10	11	20	28	28	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	276	270	306	285	277	279	235	246	209	133	112
Debt-free Net Working Capital (DFNWC)	306	295	310	287	285	282	246	269	285	283	275
Net Working Capital (NWC)	292	279	294	270	269	266	229	251	267	265	258
Net Nonoperating Expense (NNE)	0.83	1.16	0.96	0.78	1.05	1.86	1.08	1.69	1.10	0.10	0.51
Net Nonoperating Obligations (NNO)	56	38	63	72	123	112	117	105	38	-51	-106
Total Depreciation and Amortization (D&A)	15	16	16	16	17	16	16	16	17	17	18
Debt-free, Cash-free Net Working Capital to Revenue	7.87%	7.42%	8.40%	7.95%	7.84%	8.29%	6.96%	7.11%	5.95%	3.63%	2.92%
Debt-free Net Working Capital to Revenue	8.74%	8.10%	8.51%	8.00%	8.05%	8.40%	7.28%	7.78%	8.11%	7.74%	7.19%
Net Working Capital to Revenue	8.32%	7.66%	8.05%	7.52%	7.61%	7.90%	6.79%	7.28%	7.61%	7.26%	6.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.29	$1.44	$1.13	($0.91)	$0.65	$0.97	$1.46	$1.70	$2.07	$2.34	$3.01
Adjusted Weighted Average Basic Shares Outstanding	16.71M	16.68M	16.71M	16.76M	16.28M	16.47M	15.99M	15.53M	15.53M	15.64M	15.54M
Adjusted Diluted Earnings per Share	$1.28	$1.41	$1.12	($0.91)	$0.65	$0.97	$1.45	$1.70	$2.05	$2.33	$2.99
Adjusted Weighted Average Diluted Shares Outstanding	16.83M	16.84M	16.84M	16.81M	16.32M	16.53M	16.06M	15.58M	15.63M	15.73M	15.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	16.71M	16.74M	16.77M	16.51M	16.12M	16.14M	15.52M	15.52M	15.52M	15.54M	15.57M
Normalized Net Operating Profit after Tax (NOPAT)	22	25	19	-16	11	17	24	28	32	36	47
Normalized NOPAT Margin	2.32%	2.45%	2.29%	-1.88%	1.20%	2.00%	2.83%	3.08%	3.38%	3.68%	4.66%
Pre Tax Income Margin	3.28%	3.53%	2.83%	-2.67%	2.09%	3.25%	3.93%	4.15%	4.71%	4.77%	6.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	24.21	19.80	22.78	-16.90	10.16	13.14	24.04	20.61	31.93	52.86	96.77
NOPAT to Interest Expense	16.94	13.40	18.88	-11.68	5.80	8.05	17.25	14.78	23.05	41.23	71.79
EBIT Less CapEx to Interest Expense	7.99	9.52	0.10	-31.95	3.09	8.45	16.34	10.28	12.56	21.67	73.74
NOPAT Less CapEx to Interest Expense	0.72	3.12	-3.80	-26.73	-1.26	3.35	9.55	4.45	3.69	10.04	48.76
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	5.82%	3.15%	0.00%	34.78%	203.03%	247.83%	433.13%	177.74%	76.67%	63.34%	0.00%

Financials Breakdown Chart

Key Financial Trends

MYR Group (MYRG) has shown a constructive trend in 2025 with growing revenue, improving profitability, and solid cash generation. Below are the 10 most notable points drawn from the quarterly statements across the last four years, focusing on trends rather than single-quarter noise.

Revenue growth: Q4 2025 revenue came in at $973.5 million, up from $829.8 million in Q4 2024, reflecting roughly 17% year‑over‑year growth and a strengthening top line in 2025.
Net income to common rising through 2025: Q4 2025 net income attributable to common shareholders reached $36.30 million, up from earlier 2025 levels (e.g., $23.31 million in Q1 2025 and $32.09 million in Q3 2025), signaling improving profitability through the year.
Earnings per share trend: Diluted EPS rose to $2.33 in Q4 2025, up from $2.05 in Q3 2025 and $1.46 in Q1 2025, indicating growing profitability per share across 2025.
Operating cash flow strength: Net cash from continuing operating activities was about $114.8 million in Q4 2025, higher than roughly $95.9 million in Q3 2025 and around $83.3 million in Q1 2025, signaling stronger cash generation.
Free cash flow potential: With capex around $29.9 million in Q4 2025, estimated quarterly free cash flow was roughly $85 million, highlighting solid cash generation and balance‑sheet flexibility.
Liquidity position: As of Q3 2025, total current assets were about $1.07 billion and total current liabilities roughly $0.80 billion, yielding a current ratio near 1.3x, aided by a cash balance around $76 million.
Debt management: Short-term debt about $17.7 million and long-term debt about $67.4 million in Q3 2025, for roughly $85 million total debt against about $618 million in equity, implying a modest leverage profile (roughly 0.14x debt-to-equity).
Gross margin stability: Gross margin hovered around 11–12% across 2025 quarters (Q4 2025 gross margin ≈ 11.4%), suggesting steady profitability on goods/services mix.
Cash flow composition shows non‑cash items: Periodic large non‑cash adjustments during the year (e.g., non‑cash adjustments to net income) can affect cash‑flow reconciliations, though reported operating cash flow remained positive in 2025.
Financing activities cash usage: Net cash from financing activities was negative in multiple 2025 quarters (around the mid-teens to low‑tens of millions), indicating cash outlays for debt repayments and potential share activity rather than cash returns to shareholders.

05/12/26 10:47 AM ETAI Generated. May Contain Errors.

MYR Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, MYR Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

MYR Group's net income appears to be on an upward trend, with a most recent value of $118.42 million in 2025, rising from $27.30 million in 2015. The previous period was $30.26 million in 2024. View MYR Group's forecast to see where analysts expect MYR Group to go next.

MYR Group's total operating income in 2025 was $166.87 million, based on the following breakdown:

Total Gross Profit: $423.79 million
Total Operating Expenses: $256.91 million

Over the last 10 years, MYR Group's total revenue changed from $1.06 billion in 2015 to $3.66 billion in 2025, a change of 244.5%.

MYR Group's total liabilities were at $983.66 million at the end of 2025, a 10.7% increase from 2024, and a 404.3% increase since 2015.

In the past 10 years, MYR Group's cash and equivalents has ranged from $3.46 million in 2024 to $150.16 million in 2025, and is currently $150.16 million as of their latest financial filing in 2025.

Over the last 10 years, MYR Group's book value per share changed from 16.00 in 2015 to 42.55 in 2025, a change of 165.9%.

Related Companies

Financial statements for NASDAQ:MYRG last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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MYR Group (MYRG) Financials

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MYR Group (MYRG) Financials

Annual Income Statements for MYR Group

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