Everus Construction Group Inc (ECG)
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Everus Construction (NYSE: ECG), the spin-off of MDU Resources, wires data centers and builds the grids that feed them: 2025 revenue up 31 percent to $3.75 billion, 19 hits in our in-house stock scanner, price near record. We read the annual report (10-K) and the latest quarterly report (10-Q): a single customer already supplies 17 percent of revenue, half the revenue hangs on fixed-price contracts, and the company has been independent for less than two years. Not investment advice — just the honest question of what a chart winner may still cost after the rally.
Appears in These Scanners
This stock currently matches 19 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Basics
Performance
Valuation
Profitability
Balance Sheet & Safety
Growth
Quality & Screener
AI Rating
NeutralEverus baut elektrische und mechanische Infrastruktur unter anderem für Rechenzentren, deren Nachfrage teils vom KI-Ausbau getrieben wird. In den ausgewerteten Berichten (2×10-K, 4×10-Q) taucht Künstliche Intelligenz jedoch nur als Endmarkt-Nachfragetreiber im Geschäftsmodell-Kapitel (Item 1) und als generisches Datensicherheits-Risiko (Item 1A) auf — nicht als belegte eigene Umsatzquelle (kein „verkauft"), nicht als operatives Werkzeug im Betrieb (kein „nutzt") und nicht als konkretes, benanntes Risiko für das eigene Geschäftsmodell (kein „bedroht"). Die KI-getriebene Rechenzentrums-Nachfrage kommt beim Umsatz nur mittelbar über die Bauaufträge an; Everus verkauft Bau- und Wartungsleistungen, keine KI-Produkte. Daher neutral mit dokumentiertem Negativ-Befund.
View the full file — quotes, sources, reviewed filings
„Global trends toward digitalization and increasing demand for capacity to support new artificial intelligence technologies are expected to drive near- and long-term activity across the semiconductor and data center markets."
Globale Trends zur Digitalisierung und die steigende Nachfrage nach Kapazitäten zur Unterstützung neuer Technologien der Künstlichen Intelligenz dürften kurz- und langfristig die Aktivität in den Halbleiter- und Rechenzentrumsmärkten antreiben.
„Artificial intelligence presents risks and challenges that can impact our business by posing security risks to our confidential information, proprietary information and personal data."
Künstliche Intelligenz bringt Risiken und Herausforderungen mit sich, die unser Geschäft beeinträchtigen können, indem sie Sicherheitsrisiken für unsere vertraulichen und geschützten Informationen sowie für personenbezogene Daten darstellt.
Filings Reviewed: 10-Q 2026-05-06 · 10-Q 2025-11-05 · 10-Q 2025-08-13 · 10-Q 2025-05-15 · 10-K 2026-02-25 · 10-K 2025-02-28
Rated on July 10, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.67 | -5.70 | 760 | 19.50 | 4.50 | 83 | 69 |
| 2025: Q1 | 0.72 | 29.70 | 827 | 32.10 | 4.40 | 7 | -11 |
| 2025: Q2 | 1.03 | 35.30 | 922 | 31.00 | 5.70 | 25 | 12 |
| 2025: Q3 | 1.11 | 36.00 | 987 | 29.70 | 5.80 | 76 | 66 |
| 2025: Q4 | 1.08 | 60.10 | 1,012 | 33.20 | 5.50 | 48 | 24 |
| 2026: Q1 | 1.14 | 58.70 | 1,037 | 25.40 | 5.60 | 144 | 128 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Assessment: Opportunities & Risks
Broad, real growth: revenue from $2.05 billion (2021) to $3.75 billion (2025, up 31 percent year over year), net income of $201.8 million, roughly 39 percent return on equity. Structural tailwind from the data-center build-out in the higher-margin electrical segment.
Backlog of $3.23 billion at year-end 2025 (up 16 percent), a stable net margin around 5 percent despite fixed-price risks. The balance sheet is solid but no longer debt-free since the separation ($525 million credit facility); interest expense rose by more than half in 2025.
A single customer supplied roughly 17 percent of 2025 revenue, the top 10 together 43 percent — in 2024 no customer had crossed the 10-percent mark. Strong dependence on a single end market (data centers) and its investment cycle; 52 percent of revenue through fixed-price contracts with estimating risk.
A trading history under two years (start October 2024), continuing separation agreements with former parent MDU, and a change of auditor (Deloitte to KPMG) already in the first full year. Net a single small insider purchase (about $23,000); officers and directors hold under 1 percent, institutions roughly 87 percent.
An ambitious post-rally valuation: P/E around 31, EV/EBITDA around 21, P/S around 1.7 for a net margin of roughly 5.4 percent — technology multiples for a construction services firm. Against that stand 19 scanner hits and a price near record; only four analysts cover the stock, with a median price target around $170.
Everus Construction is a genuine strength name: profitable, growing broadly, with a full order book and structural tailwind from the data-center boom. But the quality has its price — and a few shadows the chart does not show: a single customer at 17 percent of revenue, dependence on one boom, fixed-price risks, a trading history of barely two years, and a valuation carrying technology multiples. A winner that already carries its good news largely in the price. Not investment advice.
- Valuation metrics are orders of magnitude as of mid-2026 (P/E ~31, EV/EBITDA ~21, P/S ~1.7); annual figures refer to fiscal year 2025 (as of December 31, 2025). Analyses are evergreen; daily prices are not a buy argument.
- The insider tally ("1 purchase / 0 sales") comes from scanner and fundamental data and was cross-checked against the insider filing (Form 4) of December 8, 2025 (director Hernandez, 250 shares). A conflicting fundamental-data figure on insider ownership was discarded in favor of the documented DEF 14A number (officers and directors together under 1 percent).
- AI dossier: category "neutral" (rated July 10, 2026) — artificial intelligence appears in the filings only as an end-market demand driver for data centers and as a generic data-security risk, not as a revenue source or an operating tool of its own. Everus sells construction work, not AI.
About the Company
Everus Construction Group, Inc. bietet Auftragsdienste in den USA an.
| Employees | 9,400 |
|---|---|
| Headquarters | Bismarck, ND |
| Website | everus.com |
| IPO Date | 28. Oct 2024 |
| Next Earnings | 11. Aug 2026 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Jeffrey S. Thiede | President, CEO & Director | 1962 |
| Maximillian J. Marcy | VP, CFO & Treasurer | – |
| Thomas D. Nosbusch | Executive VP & COO | 1974 |
| Paul R. Sanderson | VP, Chief Legal Officer & Secretary | 1975 |
| Timothy R. Sznewajs | Vice President of Corporate Development & Strategy | – |
| Jon B. Hunke | VP & Chief Accounting Officer | 1975 |
| Jason A. Behring | VP & Chief Information Officer | 1979 |
| Britney A. Hendricks | VP & Chief Human Resources Officer | 1986 |
| Steven L. Aston | President of Wagner-Smith Equipment | – |
| Daniel R. Haggard | President of International Line Builders | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 20, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.