Is MYR Group (MYRG) overvalued or fairly valued?

MarketChacha shows MYR Group's valuation in context — a trailing P/E of about 27.9, a forward P/E of about 19.0, a price-to-book of about 5.7 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does MYR Group's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.02×) from reported figures — education, not a rating.

What is MYR Group's revenue?

MYR Group reported revenue of $3.7B for FY2025, with net profit of $118.4M, per official filings.

What is the share price of MYR Group (MYRG)?

MYR Group last traded at $276.42 (-3.0% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

MYR Group

MYRG · NYSE · Industrials · United States

Snapshot

TickerMYRG

ExchangeNYSE

SectorIndustrials

IndustryEngineering & Construction

CountryUnited States

Employees9,000

HeadquartersThornton, United States

Websitewww.myrgroup.com

Filings tracked20

About MYR Group

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company operates through two segments: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice storm, or other related damages. This segment serves as prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of intelligent transportation systems, roadway lighting, and signalization for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, and electric vehicle charging infrastructure. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. MYR Group Inc. was founded in 1891 and is headquartered in Thornton, Colorado.

Who owns it

Insiders1.9%
Institutions98.1%
Public & other0.0%

628 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.15.82%
Vanguard Portfolio Management LLC5.34%
Vanguard Capital Management LLC4.43%
State Street Corporation4.02%
Geode Capital Management, LLC3.63%
Fisher Asset Management, LLC3.05%
Price (T.Rowe) Associates Inc2.89%
Dimensional Fund Advisors LP2.19%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.02×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend2.5% → 3.2%

Margin has held broadly steady over the period — stable profitability.

Return on equity17.9%

Latest ROE of 17.9% — capital is generating a healthy return.

Growth qualityrev 0% · PAT 14%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $1.2B · EPS 3.03

Est. earnings growth +30.0%

Next fiscal year

Rev $5.1B · EPS 14.58

Est. earnings growth +19.7%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$3.7B

Net margin

3.2%

ROE

17.9%

Revenue CAGR (2y)

+0.2%

Profit CAGR (2y)

+14.1%

EPS (FY2025)

7.53

Net profit (FY2025)

$118.4M

Ask MarketChacha about MYRG

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$3.7B	$118.4M	7.53	3.2%	17.9%
FY2024	$3.4B	$30.3M	1.83	0.9%	5.0%
FY2023	$3.6B	$91.0M	5.40	2.5%	14.0%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$1.1B	$49.9M	3.17	4.6%
2026Q1	$1.0B	$46.8M	2.99	4.7%
2025Q3	$950.4M	$32.1M	2.05	3.4%
2025Q2	$900.3M	$26.5M	1.70	2.9%
2025Q1	$833.6M	$23.3M	1.45	2.8%
2024Q3	$888.0M	$10.6M	0.65	1.2%
2024Q2	$828.9M	$-15.3M	-0.91	-1.8%
2024Q1	$815.6M	$18.9M	1.12	2.3%
2023Q3	$939.5M	$21.5M	1.28	2.3%
2023Q2	$888.6M	$22.3M	1.33	2.5%
2023Q1	$811.6M	$23.2M	1.38	2.9%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Material agreement, Material financial obligation, Exhibits
SEC9/10/2026material
8-K — Reg FD disclosure, Exhibits
SEC8/7/2026material
8-K — Results of operations, Exhibits
SEC7/29/2026material
10-Q filing
SEC7/29/2026
8-K — Reg FD disclosure, Exhibits
SEC5/28/2026material
8-K — Reg FD disclosure, Other events, Exhibits
SEC5/27/2026material
8-K — Reg FD disclosure, Exhibits
SEC5/14/2026material
8-K — Results of operations, Exhibits
SEC4/29/2026material
10-Q filing
SEC4/29/2026
8-K — Shareholder vote results
SEC4/28/2026material
8-K — Reg FD disclosure, Exhibits
SEC3/3/2026material
8-K — Results of operations, Exhibits
SEC2/25/2026material
10-K filing
SEC2/25/2026

2025

8-K — Reg FD disclosure, Exhibits
SEC11/10/2025material
8-K — Results of operations, Exhibits
SEC10/29/2025material
10-Q filing
SEC10/29/2025
8-K — Executive/director change, Exhibits
SEC8/26/2025material
8-K — Reg FD disclosure, Exhibits
SEC8/8/2025material
8-K — Results of operations, Other events, Exhibits
SEC7/30/2025material
10-Q filing
SEC7/30/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.