MYR Group Inc (MYRG)
🔔 Watch stock
MYR Group has been wiring America since 1891 — high-voltage lines, substations, data centers. In our in-house stock scanner, the stock lights up 22 filters at once, from the stage-2 trend to a perfect Piotroski F-Score of 9 (data as of July 10, 2026; momentum run of July 17, 2026). We read the annual reports (10-K) for 2024 and 2025 and the quarterly report (10-Q) as of March 31, 2026: a record year with $3.66 billion in revenue, a 2024 margin accident on solar job sites, 57 percent fixed-price contracts — and a $75 million repurchase program that expired unused while the stock nearly tripled. Not investment advice — just the note that management last bought its own shares around $117 and has kept its hands in its pockets since.
Appears in These Scanners
This stock currently matches 24 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
NeutralGeprüft am 17.07.2026 gegen die Geschäftsberichte (10-K) für 2025 (eingereicht 25.02.2026) und 2024 (26.02.2025) sowie die vier jüngsten Quartalsberichte (10-Q, zum 31.03.2026, 30.09.2025, 30.06.2025 und 31.03.2025): In den ausgewerteten SEC-Filings von MYR Group findet sich kein wesentlicher eigener KI-Bezug. Die einzige wiederkehrende Erwähnung von „artificial intelligence“ ist ein Nachfrage-Argument im Ausblick — der Stromhunger neuer Technologien („including the emergence and adoption of artificial intelligence technologies“) werde erhebliche Investitionen der Kunden (Stromversorger, Rechenzentrums-Bauherren) erfordern (wortgleich in allen vier 10-Q und im 10-K 2024/2025). Dazu kommt eine generische Cybersecurity-Floskel im Risikoteil des 10-K 2025 („…including the use of new and emerging technologies such as artificial intelligence…“). Weder KI-Umsatzquelle noch dokumentierter operativer KI-Einsatz noch konkretes KI-Geschäftsrisiko fürs eigene Modell: MYR Group baut und wartet Stromnetz- und Elektroinfrastruktur und profitiert allenfalls indirekt vom KI-getriebenen Strombedarf seiner Kunden — nach dem Kriterienkatalog bleibt es bei „neutral“ (Endmarkt-Exponierung allein begründet kein „verkauft“).
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-Q 2026-04-29 · 10-Q 2025-10-29 · 10-Q 2025-07-30 · 10-Q 2025-04-30 · 10-K 2026-02-25 · 10-K 2025-02-26
Rated on July 17, 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 | 0.99 | -31.00 | 830 | -17.40 | 1.90 | 21 | 9 |
| 2025: Q1 | 1.45 | 29.10 | 834 | 2.20 | 2.80 | 83 | 70 |
| 2025: Q2 | 1.70 | – | 900 | 8.60 | 2.90 | 33 | 12 |
| 2025: Q3 | 2.05 | 214.70 | 950 | 7.00 | 3.40 | 96 | 65 |
| 2025: Q4 | 2.33 | 136.80 | 974 | 17.30 | 3.80 | 115 | 85 |
| 2026: Q1 | 2.99 | 105.70 | 1,000 | 20.00 | 4.70 | 85 | 69 |
- 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
The quarterly report (10-Q as of 03/31/2026) explicitly names AI data centers, electrification and reshoring as investment drivers for customers; Q1 2026 grew 20 percent to $1,000.4 million — only the second billion-dollar quarter in company history. The $2.84 billion backlog (+7.6 percent), however, grows far more slowly than the share price.
Record year 2025 ($118.4 million net income, $326.6 million operating cash flow), gross margin recovered from 8.6 to 11.6 percent and 13.4 percent in Q1 2026; $163.2 million cash against $9.4 million remaining debt, Piotroski 9 of 9, Altman-Z around 6.9, return on equity around 23 percent (data as of July 10, 2026).
57 percent of revenue at fixed prices (C&I: 84.5 percent), cost overruns per the 10-K "may not be recoverable"; 2024 proved the drop height: clean energy losses erased 5.5 percentage points of T&D margin and group net income fell 67 percent. Even in the record year 2025, negative estimate changes cost 2.4 gross margin points; the collective bargaining agreements (85 percent of craft workers) expire between 2026 and 2028.
P/E around 53 trailing and around 42 on the current-year estimate, price-to-book around 11, price-to-sales around 2 on a 3 to 5 percent net margin (data as of July 10, 2026) — historically high multiples for a cyclical project business; the company's own last buybacks averaged $117.33 (2025).
A stage-2 uptrend, relative strength of 95, 22 scanner hits, institutional accumulation (11 adding, 6 trimming) and only about 3 percent to the all-time high meet a management team that let its $75 million repurchase program expire unused on February 4, 2026, and pays no dividend — the trend strength is real, and so is the leadership's price verdict on its own stock (10-K for 2025, Item 5).
MYR Group is the rare combination of century-old trade business and momentum leader: on the grid since 1891, practically debt-free, a record quarter with 20 percent growth, Piotroski 9 of 9 — and the power hunger of AI data centers stands as a demand driver in its own quarterly report. Against that stand a business model that rests 57 percent on fixed prices and lost two thirds of its profit in a single solar year (2024), a backlog growing at a merely normal pace, and a share price at 53 times trailing earnings — a level at which the leadership preferred to let its own buyback program lapse. Whoever invests here buys first-class execution at a price that assumes flawlessness. Not investment advice.
- MYRG landed on the research list via the momentum/stage-2 run of our in-house stock scanner on July 17, 2026; the 22 hits and all metrics carry the July 10, 2026 data cut.
- Scanner metrics (P/E, P/B, Piotroski, Altman-Z, fundamental grade) use trailing twelve-month figures; the 2024 margin slump has rolled out of them, and a future project accident is naturally not yet in them.
- Price and valuation figures dated July 10, 2026 (about $487 per share, about $7.8 billion market value); analyses are evergreen, daily prices are not a buy argument.
About the Company
MYR Group Inc. erbringt über seine Tochtergesellschaften Elektroinstallationsdienste in den USA und Kanada.
| Employees | 9,000 |
|---|---|
| Headquarters | Thornton, CO |
| Website | myrgroup.com |
| IPO Date | 13. Aug 2008 |
| Next Earnings | 29. Jul 2026 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Richard S. Swartz Jr. | President, CEO & Director | 1964 |
| Kelly Michelle Huntington C.F.A. | Senior VP & CFO | 1975 |
| William F. Fry J.D. | Senior VP, Chief Legal Officer & Secretary | 1975 |
| Don A. Egan | Senior VP and COO of Commercial & Industrial | 1971 |
| Brian K. Stern | Senior VP & COO of Transmission & Distribution | 1969 |
| Marisa A. Owens | Vice President of Accounting | – |
| Jennifer L. Harper | VP of Investor Relations & Treasurer | – |
| A. James Barrett | Vice President of Human Resources | – |
| Joesph P. Anderson | VP & General Counsel | – |
| R. Clay Thomson | President of High Country Line Construction, Inc | – |
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.