| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 48 | 27.6x | 17.8x | Around median | |
Growth | 81 | 16.1% | 7.1% | Top tier | |
Quality | 70 | 21.8% | 4.5% | Top tier | |
Safety | 86 | — | 2.6x | Top tier | |
Capital Return | 32 | — | 2.12% | Bottom tier | |
Momentum | 51 | 83.0% | 2.9% | Around median | |
Sentiment | 72 | 5 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
MYR Group executes electrical infrastructure projects through two main segments: Transmission & Distribution T&D and Commercial & Industrial C&I. T&D work includes transmission lines, substations, and distribution networks, while C&I serves data centers, advanced industrial facilities, and aviation, transportation, hospitality, and higher education projects. Revenue is based on fixed-price contracts, time-and-equipment contracts, unit-price contracts, and master service agreements, which represented approximately 65% of T&D revenue in Q2 fiscal 2026, while more than 90% of total work came from repeat customers.
In Q2 fiscal 2026, MYR Group reported record revenue of $1.08 billion, up 20% year over year, and record net income of $50 million versus $27 million, while diluted earnings per share rose 86% to $3.17. Gross profit, according to EDGAR data, was approximately $142.7 million, and gross margin increased to 13.2% from 11.5%, supported by better-than-expected productivity, favorable project closeouts, and scope increases on certain contracts, partially offset by inefficiency costs on specific projects. EBITDA also reached a record $85 million versus $56 million.
T&D generated $524 million, or approximately 49% of Q2 fiscal 2026 revenue, after 4% year-over-year growth, while C&I delivered a record $558 million, or approximately 52%, after 42% growth. T&D operating income margin increased to 9.4% from 8.0%, and C&I operating income margin rose to 8.5% from 5.6%. On a trailing-twelve-month basis in 2026, revenue was $4.0 billion, gross profit was $500.3 million, net income was $165.3 million, and earnings per share were approximately $10.51.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $444.4, within a wide range of $375 to $530, while the consensus remains Neutral; the average is approximately 12% below the 52-week range high of $503.57, while the highest target exceeds that high. The breadth of the 52-week range between $171.51 and $503.57, and the wide range of analyst targets, reflect significant disagreement about the sustainability of record margins and the speed at which backlog and the acquisition will convert into earnings and cash flow.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Revenue increased 20% to a record $1.08 billion, and net income jumped to $50 million from $27 million. Diluted earnings per share reached $3.17, up 86%, and EBITDA reached $85 million versus $56 million. The improvement came from 42% growth in C&I, along with better-than-expected productivity, favorable project closeouts, and scope increases on certain contracts.
Contracted backlog reached a record $3.16 billion as of June 30, 2026, up 20% from the prior year. The backlog consisted of $1.27 billion in T&D and $1.89 billion in C&I, reflecting strong demand in both segments. The figure includes two L. E. Myers Company projects for Xcel Energy with a combined value exceeding $200 million, but management does not expect their material contribution to begin before the second half of 2027.
MYR Group completed the acquisition on July 1, 2026, for an initial cash payment of $328 million, funded with approximately $93 million of cash and $235 million from the credit facility. Management expects the two companies to add approximately $250 million to revenue during the remainder of fiscal 2026, while expanding the C&I customer base, geographic presence, and prefabrication capabilities. However, the expected impact on earnings per share and operating income is approximately neutral during the first 12 months due to higher amortization of backlog-related assets.
Gross margin was 13.2% versus 11.5% a year earlier, while the T&D margin increased to 9.4% and the C&I margin to 8.5%. Results benefited from productivity, project closeouts, and scope increases on certain work, but inefficiency costs negatively affected specific projects, and some higher-margin projects are nearing completion. Therefore, management maintained its expectations at the midpoint of the 8% to 11% range for T&D and the midpoint of the 6% to 9% range for C&I during fiscal 2026.
Operating cash flow was $3 million in Q2 fiscal 2026, down from $33 million in the comparable period, while free cash flow was negative $26 million versus positive $12 million. Management attributed the decline to tax payments that were approximately $30 million higher than the prior year, the timing of billing and payments, and higher capital expenditures to support growth. It also expected the normalization of days sales outstanding from a near-record low to the low-to-mid-50s range to pressure working capital in subsequent quarters.
T&D demand is linked to electric-grid modernization and increased reliability requirements, and subsidiaries secured transmission and substation work in Arizona, Texas, Colorado, New Mexico, Ohio, and Pennsylvania. In C&I, awards included data centers in New Jersey, Arizona, and Colorado, aviation work in California, and hospitality and higher education projects in New York. Management emphasizes that activity is not limited to data centers but extends to advanced manufacturing, transportation, and other markets, with total organic growth expected between 13% and 15%.
