|MYRG Overview
MYRG

MYR GROUP INC.

Materials • CIK: 0000700923

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Market Cap
$3.29B
P/E (TTM)
33.5x
Rev Growth (TTM)
-0.6%
Net Margin (TTM)
2.8%
FCF Yield (TTM)
4.8%
FCF Margin (TTM)
4.4%

LATEST EARNINGS

Q3 FY2025
4 months ago
View source
Revenue
Net Income
EPS
  • Record quarterly net income of $32.1 million, an increase from $10.6 million in the prior year quarter.
  • Record quarterly EBITDA of $62.7 million, up from $37.2 million in the prior year quarter.
  • Consolidated gross profit increased to $111.9 million from $77.3 million year-over-year, with gross margin improving to 11.8% from 8.7%.
  • Total backlog increased to $2.66 billion as of September 30, 2025, up from $2.60 billion in the prior year.

Cash Flow Health

Free Cash Flow7/8 positive
TTM$156M
Q3 '25
$65M+462%
Q2 '25
$12M-83%
FCF Margin
TTM4.4%
Q3 '256.9%+432%
Sector: 4.7%Below Avg
OCF Margin6.6%
OCF/NI2.38x
CapEx Coverage3.0x
FCF Yield4.8%
FCF Growth (2Y)+65%
Cash Conversion Cycle
27 days
DSO: 63+DIO: 0DPO: 35

Capital Allocation & Returns

Balanced
Total Shareholder YieldTTM
TTM2.3%
Div Yield0.0%
+
Buyback (TTM)2.3%

Balancing returns with reinvestment

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$156.1M
Stock Repurchases (TTM)$75.0M
Capital Return / FCF48.1%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
13.5%
Moderate
+1.5% YoY+9.8%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
3.0%
8Q: 2.5%
Asset Turnover
2.23x
8Q: 2.20x
Leverage (1+D/E)
Asset & CapEx Efficiency
Fixed Asset Turn
12.55x
8Q:12.41x
-87.1%
Invested Cap Turn
4.59x
8Q:4.48x
+15.8%
CapEx Intensity
10.0%
8Q:10.5%
CapEx/Depreciation
1.17x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q3 2024Q1 2024Q4 2023
Revenue
$3.5B
$950.4M5.6%
$900.3M8.0%
$833.6M0.5%
$829.8M6.6%
$888.0M7.1%
$828.9M1.6%
$815.6M18.8%
$1.0B
Operating Income
$150.5M
$46.3M16.3%
$39.8M16.0%
$34.3M13.7%
$30.2M48.1%
$20.4M198.3%
$-20.7M185.3%
$24.3M34.8%
$37.2M
Net Income
$97.8M
$32.1M21.3%
$26.5M13.5%
$23.3M46.1%
$16.0M49.8%
$10.6M169.7%
$-15.3M180.7%
$18.9M21.2%
$24.0M
Operating Cash Flow
$232.9M
$95.6M190.9%
$32.9M60.5%
$83.3M294.4%
$21.1M40.7%
$35.6M57.1%
$22.7M194.9%
$7.7M82.0%
$42.6M
Free Cash Flow
$156.1M
$65.4M462.1%
$11.6M83.4%
$70.2M696.6%
$8.8M50.9%
$18.0M617.2%
$2.5M113.8%
$-18.1M183.5%
$21.7M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
33.5x
Volatile
8Q: 103.6x+3553%
Valuation Lenses
Earnings
33.5x
vs sector
Cash Flow
15.5x
EV/FCF vs
Growth-Adj
0.2xPEG
Undervalued for growth
Quality-Adj
2.5P/E per %ROIC
ROIC: 13.5%
Shareholder Returns
Dividend
Buyback
2.3%
Total Yield
2.3%
Market Cap$3.29B
EV
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
76/100
High Quality

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)
8Q:
Return on Invested Capital (ROIC)Top 25%
13.5%
8Q:
+9.8%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 3.0%
Asset Turnover: 2.23x

Earnings Quality

Cash Conversion

2.38x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin11.3%

Capital Efficiency

Invested Capital Turnover4.59x

Working Capital

Cash Conversion Cycle27 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
59/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
-0.6%
OpInc Growth YoY
127.3%
EPS Growth YoY
170.6%
FCF 3Y CAGR
65.3%

Growth Quality Analysis

Efficient Growth: Free cash flow growing faster than revenue

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
11.3%
Operating
4.3%
Below Avg in sector
Net
2.8%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+1.7 pts
FCF: 4.4% | Net: 2.8%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $4.24M
Interest Coverage
+Net cash position: $4.24M
Leverage Metrics
Debt-to-Equity
x
Balance sheet risk & solvency analysis