Everus Construction (ECG)

Market Price (11/4/2026): $113.0 | Market Cap: $5.8 BilSector: Industrials | Industry: Construction & Engineering

Everus Construction (ECG)

Market Price (11/4/2026): $113.0
Market Cap: $5.8 Bil
Sector: Industrials
Industry: Construction & Engineering

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 31%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -37%

Megatrend and thematic drivers
Megatrends include Sustainable Infrastructure, Water Infrastructure, and Renewable Energy Transition. Themes include Waste Management Solutions, Show more.

Key risks
ECG key risks include [1] a securities class action lawsuit alleging fraud regarding its backlog conversion cycle and [2] operational delays in converting its increasingly complex project backlog into revenue.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 31%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -37%
2	Megatrend and thematic drivers Megatrends include Sustainable Infrastructure, Water Infrastructure, and Renewable Energy Transition. Themes include Waste Management Solutions, Show more.
3	Key risks ECG key risks include [1] a securities class action lawsuit alleging fraud regarding its backlog conversion cycle and [2] operational delays in converting its increasingly complex project backlog into revenue.

ECG in ETFs

Weight = ECG's share of each fund

VTI0.01%

ITOT0.01%

IWB0.01%

IJR0.30%

VB0.08%

SLYG0.66%

IJT0.63%

VBK0.17%

+16 more covered ETFs

Valuation & Metrics

FYE: 12/31	Forward FYE		Now	Historical (CYE & TTM)
	2027	2026	11/4/26	2025	2024	2023	2022
Share Price			$113.00	$85.56	$65.75	�	�
Mkt Cap ($ Bil)			5.8	4.4	3.4	-	-
+ Debt ($ Bil)			0.4	0.4	0.3	0.0	0.0
- Cash ($ Bil)			0.2	0.1	0.0	0.0	0.0
TEV ($ Bil)			6.0	4.8	3.7
Valuation Ratios
P/S	1.1	1.2	1.4	1.2	1.2	-	-
P/EBIT	12.7	15.0	16.6	17.3	16.8	-	-
P/E	17.8	21.2	22.7	24.1	23.1	-	-
P/FCF	—	—	23.1	32.7	22.3	-	-
Sector Ratios (* = sector average)
P/S *			1.7	1.7	1.6	1.4	1.2
P/EBIT *			12.4	12.4	12.5	11.3	9.5
P/E *			17.5	17.3	18.0	16.2	13.6
P/FCF *			13.8	13.9	14.6	11.9	11.0

FYE: 12/31	Forward FYE		Now
	2027	2026	11/4/26
Share Price			$113.00
Mkt Cap ($ Bil)			5.8
+ Debt ($ Bil)			0.4
- Cash ($ Bil)			0.2
TEV ($ Bil)			6.0
Valuation Ratios
P/S	1.1	1.2	1.4
P/EBIT	12.7	15.0	16.6
P/E	17.8	21.2	22.7
P/FCF	—	—	23.1
Sector Ratios (* = sector average)
P/S *			1.7
P/EBIT *			12.4
P/E *			17.5
P/FCF *			13.8

FYE: 12/31	ECG [1]	S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]	$4.3 Bil	—
FY 2026 Sales	$4.7 Bil	—
FY 2027 Sales	$5.2 Bil	—
FY 2026 Sales Growth	9.1%	—
FY 2027 Sales Growth	11.8%	9.0%
EARNINGS
LTM Net Income (GAAP) [3]	$254.5 Mil	—
FY 2026 Net Income (Non-GAAP)	$272.0 Mil	—
FY 2027 Net Income (Non-GAAP)	$323.8 Mil	—
FY 2027 Net Income Growth	19.0%	14.0%
FY 2026 EPS (Non-GAAP)	$5.30	—
FY 2027 EPS (Non-GAAP)	$5.98	—
FY 2027 EPS Growth	12.9%	—
VALUATION
FY 2026 P/S	1.2	3.1
FY 2027 P/S	1.1	—
FY 2026 P/E	21.2	17.9
FY 2027 P/E	17.8	—

[1] ECG forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 11/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).

	ECG	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	4.3
Rev Chg Q	33.7%	8.9%
Rev Chg LTM	30.5%	8.5%
Rev Chg 3Y Avg	26.2%	6.2%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	0.3
CFO LTM ($ Bil)	0.3
Net Inc LTM ($ Bil)	0.3
Op Mgn LTM	7.8%	18.6%
CFO/Rev LTM	7.5%	21.6%
Net Inc Mgn	6.0%	13.4%
VALUATION	MODERATE
P/S	1.4	3.3
P/CFO	18.0	15.2
P/FCF	23.1	20.4
P/E	22.7	22.8
STABILITY	GOOD
Debt/Equity	0.06	0.19
Cash/Assets	0.09	0.07

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Metric	Value	Date	Source
Backlog	2.95 billion	9302025	Link
Number of Projects	43000	12312024	Link
Number of Customers	3900	12312024	Link
Total Recordable Incident Rate	1.17	12312024	Link
Lost-Time Injury Rate	0.34	12312024	Link
Peak Number of Employees	8700	12312024	Link

Price Chart

Upcoming
11/03/2026	Earnings Release	Rev: $1.0 Bil (A) vs. $1.0 Bil (E) EPS: 1.79 (A) vs. $1.31 (E)
2/23/2027	Earnings Release	Rev: $1.0 Bil (E) EPS: $1.18 (E)

Why The Stock Moved

Qualitative Assessment

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Updated on 11/3/2026

Everus Construction (ECG) stock has lost about 10% since 7/31/2026 because of the following key factors:

1. Anticipation of Sequential Earnings Decline for Fiscal Q3 2026. Leading up to its fiscal Q3 2026 earnings report on November 3, 2026, Everus Construction faced analyst expectations of a sequential decline in earnings per share (EPS) compared to its strong fiscal Q2 2026 performance. While actual Q3 2026 EPS of $1.79 ultimately beat estimates, some analysts had anticipated a "steep sequential decline" from the $1.64 EPS reported in fiscal Q2 2026, with consensus estimates ranging from $0.78 to $1.31. This pre-announcement sentiment of moderation in the company's growth trajectory likely contributed to downward pressure on the stock.

2. Increased Debt and Working Capital Requirements from Acquisitions. The completion of the Epsilon Industries acquisition on September 1, 2026, along with other acquisitions in fiscal 2026, significantly impacted Everus's financial leverage. Gross debt increased by over 100% from $285.0 million at the end of fiscal 2025 to $571.5 million by September 30, 2026, raising net leverage from 0.4x to 0.7x. These acquisitions also required $380.5 million in net cash during the first nine months of fiscal 2026, and working capital increased, tying up additional funds. These financial shifts likely raised concerns among investors regarding short-term liquidity and the balance sheet, despite the strategic benefits of the acquisitions.

3. Persistent Macroeconomic Headwinds in the Construction Sector. Throughout fiscal Q3 2026, the broader construction market continued to contend with elevated material costs and labor shortages. Inputs to nonresidential construction, for example, were up 8.4% year-over-year through May 2026, exacerbated by factors like surging crude petroleum prices. Labor availability also remained a critical challenge. These ongoing macroeconomic pressures likely weighed on investor sentiment, as they can impact contractors' operational efficiency and profit margins across the industry.

4. Moderated Growth Expectations in the Civil Construction Market. The sentiment within the civil construction market shifted toward "cautious optimism" and moderate growth during fiscal Q3 2026. While fewer executives anticipated stagnation or contraction, expectations for "strong growth" declined by nine percentage points from fiscal Q2 to fiscal Q3, while "moderate growth" expectations increased by 25 percentage points. This industry-wide tempering of growth expectations, favoring steady expansion over rapid acceleration, may have led to a re-evaluation of growth stock valuations within the construction sector, including Everus Construction.

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Stock Movement Drivers

Fundamental Drivers

The -10.1% change in ECG stock from 7/31/2026 to 11/3/2026 was primarily driven by a -21.1% change in the company's P/E Multiple.

(LTM values as of)	7312026	11032026	Change
Stock Price ($)	125.43	112.73	-10.1%
Change Contribution By:
Total Revenues ($ Mil)	3,957	4,267	7.8%
Net Income Margin (%)	5.6%	6.0%	5.6%
P/E Multiple	28.7	22.6	-21.1%
Shares Outstanding (Mil)	51	51	0.0%
Cumulative Contribution			-10.1%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/3/2026

	Return	Correlation
ECG	-10.1%
Market (SPY)	1.0%	52.0%
Sector (XLI)	-4.7%	70.1%

Fundamental Drivers

The -23.5% change in ECG stock from 4/30/2026 to 11/3/2026 was primarily driven by a -39.3% change in the company's P/E Multiple.

(LTM values as of)	4302026	11032026	Change
Stock Price ($)	147.43	112.73	-23.5%
Change Contribution By:
Total Revenues ($ Mil)	3,746	4,267	13.9%
Net Income Margin (%)	5.4%	6.0%	10.7%
P/E Multiple	37.3	22.6	-39.3%
Shares Outstanding (Mil)	51	51	-0.1%
Cumulative Contribution			-23.5%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/3/2026

	Return	Correlation
ECG	-23.5%
Market (SPY)	5.2%	55.8%
Sector (XLI)	-1.6%	62.6%

Fundamental Drivers

The 24.0% change in ECG stock from 10/31/2025 to 11/3/2026 was primarily driven by a 30.5% change in the company's Total Revenues ($ Mil).

(LTM values as of)	10312025	11032026	Change
Stock Price ($)	90.89	112.73	24.0%
Change Contribution By:
Total Revenues ($ Mil)	3,269	4,267	30.5%
Net Income Margin (%)	5.1%	6.0%	17.6%
P/E Multiple	28.0	22.6	-19.1%
Shares Outstanding (Mil)	51	51	-0.1%
Cumulative Contribution			24.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/3/2026

	Return	Correlation
ECG	24.0%
Market (SPY)	11.5%	54.3%
Sector (XLI)	11.4%	56.1%

Fundamental Drivers

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Market Drivers

10/31/2023 to 11/3/2026

	Return	Correlation
ECG
Market (SPY)	86.6%	50.4%
Sector (XLI)	81.1%	53.1%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
ECG Return	-	-	-	25%	30%	32%	115%
Peers Return	62%	7%	45%	69%	59%	27%	754%
S&P 500 Return	27%	-19%	24%	23%	16%	10%	101%
Monthly Win Rates [3]
ECG Win Rate	-	-	-	100%	75%	64%
Peers Win Rate	67%	47%	68%	67%	62%	60%
S&P 500 Win Rate	75%	42%	67%	75%	67%	36%
Max Drawdowns [4]
ECG Max Drawdown	-	-	-	-	-56%	-44%
Peers Max Drawdown	-19%	-27%	-29%	-23%	-37%	-43%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: PWR, EME, MTZ, MYRG, FIX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/3/2026 (YTD)

Event	ECG	S&P 500
2025 US Tariff Shock
% Loss	-27.9%	-18.8%
% Gain to Breakeven	38.6%	23.1%
Time to Breakeven	33 days	79 days

Compare to PWR, EME, MTZ, MYRG, FIX

In The Past

Everus Construction's stock fell -27.9% during the 2025 US Tariff Shock. Such a loss loss requires a 38.6% gain to breakeven.

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Asset Allocation

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Event	ECG	S&P 500
2025 US Tariff Shock
% Loss	-27.9%	-18.8%
% Gain to Breakeven	38.6%	23.1%
Time to Breakeven	33 days	79 days

Compare to PWR, EME, MTZ, MYRG, FIX

In The Past

Everus Construction's stock fell -27.9% during the 2025 US Tariff Shock. Such a loss loss requires a 38.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Everus Construction (ECG)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Everus Construction Group (ECG) is a prominent construction services provider based in the United States, committed to "Building America’s Future™." The company leverages innovation and deep expertise to deliver a wide array of specialized construction services across the nation.

ECG distinguishes itself through its mastery and precise execution across a full spectrum of complex construction disciplines. It serves as a trusted partner, providing essential and specialized construction solutions to customers who require high-quality, expertly executed projects within various markets throughout America.

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Everus Construction is like the Fluor Corporation for the US construction industry.

Everus Construction is like AECOM, but focused on hands-on, expert construction and building services.

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Specialty Construction Services: Everus Construction Group provides a full spectrum of industry-leading specialty construction services, ensuring exacting execution for diverse building and infrastructure projects.

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Everus Construction Group (ECG) operates as a business-to-business (B2B) service provider, offering specialty construction services to other organizations rather than directly to individual consumers. As the company description highlights its role in "safely Building America’s Future™" through "a full spectrum of specialty construction services," its major customers would typically be other companies or large public entities involved in significant infrastructure, industrial, and commercial development projects.

While specific major customer names for Everus Construction Group are not identifiable from the provided background information, its clientele would generally fall into the following categories based on its operational description:

Government Agencies: Federal, state, and local government bodies requiring specialized construction and infrastructure development for public works, transportation systems, utilities, and public facilities.
Industrial & Energy Sector Companies: Corporations within heavy industry, manufacturing, power generation, oil and gas, and renewable energy sectors that necessitate highly specialized construction, maintenance, and expansion services for their complex facilities and operational infrastructure.
Commercial Real Estate Developers and Large Property Owners: Firms undertaking significant commercial, institutional, or mixed-use development projects, including office complexes, hospitals, educational campuses, and large-scale retail or residential developments.
Other General Contractors: Who may subcontract highly specialized components of larger projects to Everus Construction Group, leveraging ECG's specific expertise and capabilities.

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Jeffrey S. Thiede President and Chief Executive Officer

Mr. Thiede was named President and Chief Executive Officer of Everus Construction Group, formerly MDU Construction Services Group, effective April 30, 2013, and served as President from 2012 to 2013. Prior to these promotions, he held several executive and management positions with Everus, including president of Capital Electric Construction Company from 2006 to 2011 and OEG, Inc., formerly Oregon Electric Group, Inc., from 2004 to 2011, both subsidiaries of Everus. Mr. Thiede has 20 years of experience at Everus.

Maximillian J. Marcy Vice President, Chief Financial Officer and Treasurer

Mr. Marcy was named Vice President, Chief Financial Officer and Treasurer, effective upon completion of the spinoff of Everus Construction Group from MDU Resources Group. His appointment as CFO was effective November 1, 2024, and he joined Everus on August 12, 2024. Mr. Marcy has a strong background in finance, accounting, cashflow management, business support, performance reporting, and financial analysis. He previously served as Vice President II and business unit Chief Financial Officer of the Engineering Adhesives Segment at H.B. Fuller Company.

Thomas D. Nosbusch Executive Vice President and Chief Operating Officer

Mr. Nosbusch was named Executive Vice President and Chief Operating Officer, effective upon completion of the spinoff of Everus Construction Group from MDU Resources Group. He previously served as executive vice president of Everus and has 25 years of experience with MDU Resources' companies. Mr. Nosbusch began his career as a customer service engineer for Montana-Dakota Utilities and transitioned to working as a business development manager for both Montana-Dakota Utilities and Everus.

Paul R. Sanderson Vice President, Chief Legal Officer and Corporate Secretary

Mr. Sanderson was named Vice President, Chief Legal Officer and Secretary of Everus Construction Group, effective upon completion of the spinoff of Everus from MDU Resources Group. He previously served as Vice President, Chief Legal Officer and Secretary of MDU Resources, a position he held since 2023. Prior to his role at MDU Resources, Mr. Sanderson was a partner in Evenson Sanderson PC since 2013 and a partner with Zuger Kirmis & Smith in Bismarck, North Dakota.

Jon B. Hunke Vice President and Chief Accounting Officer

Mr. Hunke was named Vice President and Chief Accounting Officer of Everus Construction Group, effective upon completion of the spinoff of Everus from MDU Resources Group. He was previously Vice President of accounting and enterprise information technology for Everus and has been with the company since 2003. Mr. Hunke has a strong background in accounting consolidation, SOX oversight, and best practices. He also served as treasurer and controller from 2014 to 2015.

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The key risks to Everus Construction Group (ECG) primarily stem from the nature of the construction industry and its operational model:

Dependence on Fixed-Price Contracts: A substantial portion of Everus Construction Group's business is based on fixed-price contracts. While these provide revenue predictability, they expose the company to potential cost overruns and margin pressures if unforeseen project complexities or increases in material costs occur.
Highly Competitive Industry: Everus Construction Group operates within a highly competitive landscape, facing numerous regional, national, and international rivals. Some competitors may possess greater financial resources or specialized expertise. This intense competition can lead to pricing pressures, elevated costs, and a reduction in market share, ultimately threatening profitability and growth.
Economic Volatility and Supply Chain Disruptions: The construction industry is inherently sensitive to economic cycles. Economic downturns, coupled with potential supply chain disruptions, inflation, and volatility in commodity prices, could significantly and adversely affect Everus Construction Group's business operations, project volumes, and overall financial performance.

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Advanced Prefabrication and Modular Construction: This emerging trend involves manufacturing building components or entire modules off-site in factory settings, then transporting and assembling them on-site. This model offers significant advantages in terms of speed, cost efficiency, quality control, and waste reduction compared to traditional on-site construction. For Everus Construction, which specializes in a "full spectrum of specialty construction services" typically executed on-site, the increasing adoption of prefabrication and modular methods could reduce the demand for traditional on-site labor and specialized services, shifting the value chain towards manufacturing and assembly processes.
3D Printing of Buildings: This technology enables the automated construction of structures or components through additive manufacturing. While still evolving, 3D printing offers the potential for significantly reduced labor, faster construction times, and design flexibility. As 3D printing capabilities advance and scale for various building types, it could directly compete with traditional construction methods that rely on manual labor and specialized on-site skills, potentially disrupting Everus's market for its conventional construction services.

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Everus Construction Group (ECG) operates within the specialty contracting services market, primarily across the United States. The company's main services are divided into two segments: Electrical & Mechanical (E&M) and Transmission & Distribution (T&D) specialty contracting.

The addressable market for Everus Construction's services is best represented by the U.S. specialty contracting industry. This market has an estimated annual revenue of approximately $875 billion. Globally, the specialty trade contractors market was valued at USD 7.79 trillion in 2025 and is projected to grow to USD 16.39 trillion by 2032.

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Everus Construction Group (ECG) is expected to drive future revenue growth over the next 2-3 years through several key factors:

Continued strong demand within the Electrical & Mechanical (E&M) segment: The E&M segment has been a significant driver of record revenues for the company, and this trend is anticipated to persist. This segment provides essential services such as the construction and maintenance of electrical and communication wiring, fire suppression systems, and mechanical piping for both public and private sector clients.
Growth in key end markets: Everus Construction Group is positioned to benefit from sustained demand in specific end markets, including data centers, utilities, transportation, and renewable energy. Company management frequently discusses demand in these submarkets, indicating them as strategic areas for future business.
Expansion of the project backlog: A consistently growing project backlog provides strong visibility into future revenue. For example, Everus reported its backlog reached $3.23 billion at the end of fiscal year 2025, demonstrating a robust pipeline of future work.
Strategic acquisitions: Management has highlighted "strategic optionality for acquisitions" as a component of its growth strategy. This suggests that inorganic growth through targeted acquisitions will likely contribute to expanding revenue in the coming years.

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Capital Allocation Decisions

Share Issuance

  Everus Construction Group was spun off from MDU Resources Group, Inc. on October 31, 2024, with its common stock distributed to MDU Resources stockholders.
  As of December 31, 2025, 51,006,719 shares of common stock were issued and outstanding, increasing from 50,980,924 shares as of December 31, 2024.


Inbound Investments

  Capital International Investors initiated a new position in Everus Construction Group during the third quarter, acquiring 1,935,774 shares valued at approximately $165.99 million.
  WASATCH ADVISORS LP significantly increased their holdings in Q4 2025, adding 2,160,337 shares with an estimated value of $184.8 million.
  Several institutional investors, including Bank of Montreal Can and Gabelli Funds LLC, have also recently increased their stakes in the company.


Outbound Investments

  Everus Construction Group is actively pursuing strategic merger and acquisition (M&A) opportunities to expand its market presence and diversify its services.
  The company's strong balance sheet provides financial flexibility to execute on these growth strategies and potential acquisitions.


Capital Expenditures

  Capital expenditures for 2025 totaled $66.8 million, an increase from $48.3 million in 2024.
  The primary focus of these capital expenditures was on vehicle, equipment, and building investments to support the company's growth.
  For 2026, Everus anticipates gross capital expenditures to be between $90 million and $100 million, aligning with its long-term strategy to invest 2.1% to 2.4% of forecasted revenues in organic growth initiatives.

Interactive Breakdown

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Better Bets vs. Everus Construction (ECG)

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Peer Outperformance in Construction & Engineering

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Share of Construction & Engineering constituents that ECG has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.

82%

of 33 industry peers · 24.9% return

—

insufficient peer history

—

insufficient peer history

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Median price return by industry across the Industrials sector, ranked by 5Y. Construction & Engineering is ECG's own industry. Use this to see which corners of the sector have carried the returns.

Industry	Names	1Y med	3Y med	5Y med	Top 3 by 5Y
Construction & Engineering ←	29	-3.6%	100.0%	149.1%	STRL 1304% · FIX 1275% · AGX 776%
Marine Transportation	5	34.9%	45.7%	144.5%	MATX 171% · KEX 145%
Construction Machinery & Heavy Transportation Equipment	13	16.1%	58.1%	103.1%	ALSN 274% · CAT 233% · WAB 224%
Aerospace & Defense	54	-9.5%	62.7%	65.1%	ATI 997% · FTAI 981% · HWM 644%
Industrial Machinery & Supplies & Components	71	7.9%	55.4%	39.9%	CRS 890% · MLI 337% · SYM 273%
Trading Companies & Distributors	19	21.5%	40.7%	32.2%	DXPE 420% · AIT 224% · URI 220%
Rail Transportation	7	35.2%	58.3%	31.6%	CSX 52% · UNP 42% · NSC 32%
Diversified Support Services	32	23.9%	42.2%	27.2%	CXW 233% · OPLN 166% · CACI 138%
Building Products	34	-6.4%	11.9%	20.1%	MOD 1023% · GFF 355% · TT 149%
Cargo Ground Transportation	16	37.4%	13.7%	8.5%	XPO 292% · R 259% · ARCB 25%
Electrical Components & Equipment	39	-3.6%	76.3%	7.4%	POWL 1863% · VRT 819% · BE 569%
Office Services & Supplies	10	27.7%	21.1%	1.3%	TILE 153% · PBI 146% · HNI 46%
Industrial Conglomerates	17	12.6%	-4.5%	-13.9%	CSW 109% · CSL 78% · DD 76%
Data Processing & Outsourced Services	6	-17.5%	-0.6%	-15.4%	EXLS 61% · BR 18% · G -14%
Research & Consulting Services	13	3.4%	-16.8%	-20.4%	HURN 281% · FCN 32% · BAH 11%
Agricultural & Farm Machinery	16	12.9%	-7.6%	-22.0%	DE 107% · TTC 19% · AGCO 6%
Security & Alarm Services	9	-52.9%	12.7%	-25.0%	BCO 65%
Environmental & Facilities Services	29	-32.9%	21.6%	-28.3%	GEO 207% · CLH 175% · RSG 95%
Passenger Airlines	11	-1.6%	41.6%	-34.2%	LTM 2778% · UAL 119% · DAL 110%
Air Freight & Logistics	12	-23.3%	-9.3%	-40.9%	FDX 83% · EXPD 69% · CHRW 59%
Human Resource & Employment Services	22	20.5%	-9.6%	-44.1%	ADP 47% · FA 22% · PAYX 10%
Passenger Ground Transportation	3	-20.4%	39.5%	-61.4%	UBER 46% · CAR -61% · LYFT -66%
Airport Services	4	-51.9%	-61.5%	-86.1%	JOBY -49%

Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Everus Construction Stock Surges 26%, With A 5-Day Winning Spree	05/07/2026
2	Everus Construction (+25%): Data Center Boom Drives Record Q4 Earnings	02/26/2026
3	Everus Construction Stock Pre-Market (+10%) : Blowout Q4 Earnings & Strong Guidance	02/25/2026
4	Everus Construction Earnings Notes	12/24/2025
5	Is Everus Construction Stock Built to Withstand More Downside?	10/17/2025
6	Why Everus Construction Stock Moved: ECG Stock Has Gained 35% Since 2024 Fiscal End, Primarily Due To Favorable Change In Revenues	08/08/2025
7	ECG Dip Buy Analysis	07/10/2025
8	Everus Construction (ECG) Valuation Ratios Comparison	05/15/2025
9	Everus Construction (ECG) Operating Cash Flow Comparison	02/17/2025
10	ARTICLES
11	Everus Construction Stock Pre-Market (+10%) : Blowout Q4 Earnings & Strong Guidance	02/25/2026

	Title
0	DASHBOARDS
1	Everus Construction Stock Surges 26%, With A 5-Day Winning Spree
2	Everus Construction (+25%): Data Center Boom Drives Record Q4 Earnings
3	Everus Construction Stock Pre-Market (+10%) : Blowout Q4 Earnings & Strong Guidance
4	Everus Construction Earnings Notes
5	Is Everus Construction Stock Built to Withstand More Downside?
6	Why Everus Construction Stock Moved: ECG Stock Has Gained 35% Since 2024 Fiscal End, Primarily Due To Favorable Change In Revenues
7	ECG Dip Buy Analysis
8	Everus Construction (ECG) Valuation Ratios Comparison
9	Everus Construction (ECG) Operating Cash Flow Comparison
10	ARTICLES
11	Everus Construction Stock Pre-Market (+10%) : Blowout Q4 Earnings & Strong Guidance

Trade Ideas

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Recent Active Movers

Top Gainers

Ticker	Company	Category	1D Rtn	YTD Rtn
XOVR	EntrepreneurShares Series Trust ERSha...	Equity	2.9%	0.2%
NASA	Tema Space Innovators ETF	Equity	2.8%	-19.0%
SOXQ	Invesco PHLX Semiconductor ETF	Equity	2.6%	49.9%
ICLN	iShares Global Clean Energy ETF	Equity	2.4%	-1.9%
EWY	iShares MSCI South Korea ETF	Equity	2.3%	59.5%
ETHA	iShares Ethereum Trust ETF	Cryptocurrency	2.0%	130.9%
SMH	VanEck Semiconductor ETF	Equity	2.0%	44.0%
XBI	State Street SPDR S&P Biotech ETF	Equity	1.9%	27.1%
AGIX	KraneShares Artificial Intelligence ETF	Equity	1.8%	14.1%
ARKK	ARK Innovation ETF	Equity	1.7%	4.4%

Top Losers

Ticker	Company	Category	1D Rtn	YTD Rtn
PALL	ETFS Physical Palladium Shares	Commodity	-3.0%	-41.7%
XLP	State Street Consumer Staples Select ...	Equity	-2.1%	16.0%
XLB	State Street Materials Select Sector ...	Equity	-2.0%	16.9%
RING	iShares MSCI Global Gold Miners ETF	Equity	-1.9%	-8.4%
PPLT	ETFS Physical Platinum Shares	Commodity	-1.9%	-31.2%
EWZ	iShares MSCI Brazil ETF	Equity	-1.3%	-0.1%
ILF	iShares Latin America 40 ETF	Equity	-1.3%	4.6%
EDV	Vanguard World Funds Extended Duratio...	Bond	-1.2%	-5.9%
NOBL	ProShares S&P 500 Dividend Aristocrat...	Equity	-1.2%	15.4%
QVAL	Alpha Architect U.S. Quantitative Val...	Equity	-1.2%	31.7%

Top Gainers

Ticker	Company	Category	1W Rtn	YTD Rtn
IYJ	iShares U.S. Industrials ETF	Equity	3.1%	9.6%
AKRE	Akre Focus ETF	Equity	3.0%	-8.4%
IYR	iShares U.S. Real Estate ETF	Real Estate	2.9%	8.3%
XLRE	State Street Real Estate Select Secto...	Real Estate	2.9%	9.9%
VNQ	Vanguard Real Estate ETF	Real Estate	2.8%	10.4%
XLV	State Street Health Care Select Secto...	Equity	2.7%	19.9%
USRT	iShares Core U.S. REIT ETF	Real Estate	2.6%	14.4%
SCHH	Schwab U.S. REIT ETF	Real Estate	2.6%	13.0%
MOAT	VanEck Morningstar Wide Moat ETF	Equity	2.6%	10.2%
XLF	State Street Financial Select Sector ...	Equity	2.3%	5.3%

Top Losers

Ticker	Company	Category	1W Rtn	YTD Rtn
PALL	ETFS Physical Palladium Shares	Commodity	-9.6%	-41.7%
IGV	iShares Expanded Tech-Software Sector...	Equity	-8.2%	-2.9%
PPLT	ETFS Physical Platinum Shares	Commodity	-8.0%	-31.2%
URA	Global X Uranium ETF	Equity	-7.8%	-22.7%
SOXQ	Invesco PHLX Semiconductor ETF	Equity	-7.7%	49.9%
EWZ	iShares MSCI Brazil ETF	Equity	-7.5%	-0.1%
AGIX	KraneShares Artificial Intelligence ETF	Equity	-7.4%	14.1%
SLV	iShares Silver Trust	Commodity	-7.3%	-30.4%
ARKW	ARK Next Generation Internet ETF	Equity	-7.1%	-1.2%
SMH	VanEck Semiconductor ETF	Equity	-7.1%	44.0%

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ETHA	iShares Ethereum Trust ETF	Cryptocurrency	153.5%	130.9%
AKRE	Akre Focus ETF	Equity	11.7%	-8.4%
XLV	State Street Health Care Select Secto...	Equity	9.9%	19.9%
USO	United States Oil Fund LP	Commodity	9.8%	128.7%
XLP	State Street Consumer Staples Select ...	Equity	9.8%	16.0%
SDY	State Street SPDR S&P Dividend ETF	Equity	9.1%	17.3%
NOBL	ProShares S&P 500 Dividend Aristocrat...	Equity	8.9%	15.4%
SCHD	Schwab US Dividend Equity ETF	Equity	8.6%	31.7%
XLU	State Street Utilities Select Sector ...	Equity	8.6%	3.1%
EDV	Vanguard World Funds Extended Duratio...	Bond	8.6%	-5.9%

Top Losers

Ticker	Company	Category	1M Rtn	YTD Rtn
EWZ	iShares MSCI Brazil ETF	Equity	-26.2%	-0.1%
PALL	ETFS Physical Palladium Shares	Commodity	-20.4%	-41.7%
GDE	WisdomTree Efficient Gold Plus Equity...	Equity	-20.3%	-16.7%
NASA	Tema Space Innovators ETF	Equity	-19.5%	-19.0%
SOXQ	Invesco PHLX Semiconductor ETF	Equity	-19.5%	49.9%
EWY	iShares MSCI South Korea ETF	Equity	-19.0%	59.5%
SMH	VanEck Semiconductor ETF	Equity	-18.2%	44.0%
URA	Global X Uranium ETF	Equity	-17.8%	-22.7%
PPLT	ETFS Physical Platinum Shares	Commodity	-17.7%	-31.2%
SLV	iShares Silver Trust	Commodity	-17.3%	-30.4%

Peer Comparisons

Peers to compare with:

Financials

	ECG	PWR	EME	MTZ	MYRG	FIX	Median
Name	Everus C.	Quanta S.	EMCOR	MasTec	MYR	Comfort .
Mkt Price	113.00	649.00	705.00	199.94	294.00	1,272.21	471.50
Mkt Cap	5.8	97.7	31.1	15.8	4.6	44.7	23.5
Rev LTM	4,267	37,289	19,838	17,294	4,315	12,543	14,919
Op Inc LTM	331	2,541	1,960	840	260	2,089	1,400
FCF LTM	250	3,156	1,482	405	137	2,441	943
FCF 3Y Avg	180	2,071	1,305	609	106	1,319	957
CFO LTM	321	4,068	1,611	761	249	3,007	1,186
CFO 3Y Avg	236	2,752	1,407	849	197	1,582	1,128

Growth & Margins

	ECG	PWR	EME	MTZ	MYRG	FIX	Median
Name	Everus C.	Quanta S.	EMCOR	MasTec	MYR	Comfort .
Rev Chg LTM	30.5%	37.1%	22.1%	25.7%	22.8%	50.7%	28.1%
Rev Chg 3Y Avg	-	24.4%	18.0%	14.2%	7.7%	36.5%	18.0%
Rev Chg Q	33.7%	57.4%	28.8%	29.9%	32.5%	53.7%	33.1%
QoQ Delta Rev Chg LTM	7.8%	13.3%	6.7%	7.4%	7.7%	11.7%	7.8%
Op Inc Chg LTM	48.2%	64.1%	28.2%	44.3%	79.1%	87.8%	56.1%
Op Inc Chg 3Y Avg	-	36.3%	37.8%	122.7%	61.8%	77.3%	61.8%
Op Mgn LTM	7.8%	6.8%	9.9%	4.9%	6.0%	16.7%	7.3%
Op Mgn 3Y Avg	7.2%	5.9%	9.3%	3.9%	3.9%	13.3%	6.6%
QoQ Delta Op Mgn LTM	0.4%	0.7%	0.3%	-0.3%	0.5%	0.2%	0.3%
CFO/Rev LTM	7.5%	10.9%	8.1%	4.4%	5.8%	24.0%	7.8%
CFO/Rev 3Y Avg	6.9%	9.3%	8.5%	6.1%	5.2%	15.9%	7.7%
FCF/Rev LTM	5.9%	8.5%	7.5%	2.3%	3.2%	19.5%	6.7%
FCF/Rev 3Y Avg	5.3%	7.0%	7.9%	4.5%	2.8%	13.3%	6.1%

Valuation

	ECG	PWR	EME	MTZ	MYRG	FIX	Median
Name	Everus C.	Quanta S.	EMCOR	MasTec	MYR	Comfort .
Mkt Cap	5.8	97.7	31.1	15.8	4.6	44.7	23.5
P/S	1.4	2.6	1.6	0.9	1.1	3.6	1.5
P/Op Inc	17.5	38.5	15.9	18.8	17.6	21.4	18.2
P/EBIT	16.6	38.4	14.6	18.0	17.2	21.2	17.6
P/E	22.7	58.1	20.1	32.7	23.7	27.4	25.5
P/CFO	18.0	24.0	19.3	20.8	18.4	14.9	18.9
Total Yield	4.4%	1.8%	5.2%	3.1%	4.3%	3.8%	4.1%
Dividend Yield	0.0%	0.1%	0.2%	0.0%	0.0%	0.2%	0.0%
FCF Yield 3Y Avg	-	3.1%	4.9%	5.1%	3.1%	4.0%	4.0%
D/E	0.1	0.1	0.0	0.3	0.1	0.0	0.1
Net D/E	0.0	0.1	-0.0	0.3	0.1	-0.0	0.0

Returns

	ECG	PWR	EME	MTZ	MYRG	FIX	Median
Name	Everus C.	Quanta S.	EMCOR	MasTec	MYR	Comfort .
1M Rtn	-8.4%	-4.1%	-10.3%	-7.4%	-3.5%	-26.4%	-7.9%
3M Rtn	-17.0%	-6.3%	-14.0%	-26.4%	-13.6%	-28.3%	-15.5%
6M Rtn	-32.9%	-15.9%	-24.4%	-54.3%	-37.3%	-35.3%	-34.1%
12M Rtn	25.2%	44.1%	4.9%	-0.8%	29.3%	30.4%	27.2%
3Y Rtn	115.3%	284.9%	237.7%	287.6%	151.2%	583.9%	261.3%
1M Excs Rtn	-7.4%	-2.1%	-6.5%	-5.9%	0.2%	-22.8%	-6.2%
3M Excs Rtn	-17.4%	-2.6%	-11.9%	-22.7%	-9.5%	-24.4%	-14.6%
6M Excs Rtn	-36.8%	-19.7%	-28.3%	-58.2%	-41.2%	-39.1%	-37.9%
12M Excs Rtn	14.1%	34.5%	-5.7%	-12.4%	24.7%	21.9%	18.0%
3Y Excs Rtn	31.9%	212.8%	162.9%	154.1%	79.0%	547.8%	158.5%

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

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Clinical Pipeline

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Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021
Period End	6/30/2026	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Filing Date	8/5/2026	2/25/2026	2/28/2025	9/12/2024	2/28/2025	9/12/2024
Key Financials
Total Revenue	4,267	3,746	2,850	2,854	2,699	2,052
Gross Profit	555	454	339	322	276	248
EBITDA	382	308	220	218	187	168
Operating Income	331	265	190	191	165	146
Net Income	254	202	143	137	125	109
EPS	4.97	3.95	2.81	2.69	2.45	2.15
Growth Rates
Total Revenue Growth	30.5%	31.5%	-0.2%	5.7%	31.6%	-
EBITDA Growth	48.8%	40.0%	1.1%	16.1%	11.8%	-
Operating Income Growth	48.2%	39.4%	-0.3%	15.7%	13.0%	-
Net Income Growth	53.5%	40.7%	4.5%	10.0%	14.1%	-
Margins
Gross Margin	13.0%	12.1%	11.9%	11.3%	10.2%	12.1%
EBITDA Margin	8.9%	8.2%	7.7%	7.6%	6.9%	8.2%
Operating Income Margin	7.8%	7.1%	6.7%	6.7%	6.1%	7.1%
Net Income Margin	6.0%	5.4%	5.0%	4.8%	4.6%	5.3%
Cash & Debt
Total Cash	177	170	86	2	2	�
Total Debt	364	372	363	222	305	0
Net Debt / (Cash)	187	202	277	221	303	�
Cash Flows & CapEx
Net Cash from Operations	321	157	163	171	-25	85
Total CapEx	-71	-67	-48	-36	-36	-27
Free Cash from Operations	250	90	115	136	-61	58
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3
Period End	6/30/2026	3/31/2026	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023
Filing Date	8/5/2026	5/6/2026	2/25/2026	11/5/2025	8/13/2025	5/15/2025	2/28/2025	11/21/2024	9/12/2024	5/15/2025	9/12/2024	11/21/2024
Key Financials Quarterly
Total Revenue	1,232	1,037	1,011	987	921	827	760	761	703	626	636	717
Ebitda	127	89	82	85	82	59	54	61	59	46	58	57
Operating Income	112	78	69	72	73	51	46	54	51	39	51	50
Net Income	84	58	55	57	53	37	34	42	39	28	36	36
EPS	1.64	1.14	1.08	1.11	1.04	0.72	0.68	0.82	0.76	0.55	0.72	0.71
Key Financials TTM
Total Revenue TTM	4,267	3,957	3,746	3,495	3,269	3,051	2,850	2,726	2,682	2,726	-	-
Ebitda TTM	382	337	308	280	257	234	220	224	220	216	-	-
Operating Income TTM	331	291	265	242	223	202	190	195	191	194	-	-
Net Income TTM	254	223	202	181	166	152	143	145	140	139	-	-
Growth Rates Quarterly
Total Revenue Growth	33.7%	25.4%	33.2%	29.7%	31.0%	32.1%	19.5%	6.1%	-5.8%	-	-	-
EBITDA Growth	54.2%	49.3%	51.6%	38.8%	38.7%	29.7%	-7.1%	6.8%	7.3%	-	-	-
Operating Income Growth	54.2%	52.4%	49.7%	34.8%	41.3%	31.1%	-9.7%	7.2%	-5.5%	-	-	-
Net Income Growth	58.8%	59.0%	60.4%	36.4%	35.6%	30.0%	-5.5%	16.0%	0.8%	-	-	-
Margins Quarterly
EBITDA Margin	10.3%	8.5%	8.1%	8.6%	8.9%	7.2%	7.1%	8.0%	8.4%	7.3%	9.1%	8.0%
Operating Income Margin	9.1%	7.5%	6.8%	7.3%	7.9%	6.2%	6.1%	7.1%	7.3%	6.2%	8.0%	7.0%
Net Income Margin	6.8%	5.6%	5.5%	5.8%	5.7%	4.4%	4.5%	5.5%	5.5%	4.5%	5.7%	5.0%
Cash & Debt
Total Cash	177	293	170	130	65	54	86	1	59	-	2	-
Total Debt	364	363	372	370	363	360	363	284	399	0	222	0
Net Debt / (Cash)	187	69	202	240	298	306	277	283	340	-	221	-
Cash Flows Quarterly
FCF from Operations	53	144	48	76	25	7	81	79	-18	22	110	80
Cash Flows TTM
FCF from Operations TTM	321	293	157	189	192	149	163	193	194	-	-	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	98.4%	107.4%	58.2%	54.1%	47.6%	32.5%	31.7%	37.3%	31.3%	-	42.5%	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	72.4%	99.6%	55.1%	45.3%	36.6%	32.7%	33.2%	33.9%	29.7%	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022
Electrical & Mechanical (E&M)	2,921	2,031	2,135	1,989
Transmission & Distribution (T&D)	849	837	735	711
Corporate and Other	0	0	0	0
Eliminations	-23	-19	-15
Total	3,746	2,850	2,854	2,699

Operating Income by Segment

$ Mil	2025	2024	2023	2022
Electrical & Mechanical (E&M)	218	137	134	105
Transmission & Distribution (T&D)	90	85	74	72
Corporate and Other	-43	-32	-17	-13
Total	265	190	191	165

Assets by Segment

$ Mil	2025	2024
Electrical & Mechanical (E&M)	1,048	764
Transmission & Distribution (T&D)	456	411
Other assets	268	161
Elimination of intercompany receivables	-42	-48
Total	1,729	1,288

Price Behavior

Price Behavior

Market Price	$112.73
Market Cap ($ Bil)	5.8
First Trading Date	11/01/2024
Distance from 52W High	-33.4%
	50 Days	200 Days
DMA Price	$114.12	$126.03
DMA Trend	down	up
Distance from DMA	-1.2%	-10.6%
	3M	1YR
Volatility	52.0%	63.6%
Downside Capture	336.25	271.00
Upside Capture	181.86	256.68
Correlation (S&P 500)	48.6%	53.7%

ECG Betas & Captures as of 10/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	3.59	2.57	2.53	2.73	2.70	0.08
Up Beta	6.17	1.45	1.57	3.36	3.19	-0.01
Down Beta	2.39	3.32	3.48	1.71	1.83	-0.07
Up Capture	326%	240%	217%	307%	660%	654%
Bmk +ve Days	12	18	28	62	130	427
Stock +ve Days	10	21	31	67	131	255
Down Capture	411%	255%	277%	244%	171%	111%
Bmk -ve Days	10	25	36	64	121	325
Stock -ve Days	12	22	33	59	120	243

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with ECG
ECG	24.1%	63.6%	0.58	-
Sector ETF (XLI)	11.5%	17.3%	0.46	56.1%
Equity (SPY)	11.6%	12.8%	0.57	54.3%
Gold (GLD)	-2.4%	28.6%	-0.10	29.7%
Commodities (DBC)	42.0%	20.9%	1.56	-7.3%
Real Estate (VNQ)	10.6%	13.7%	0.48	2.3%
Bitcoin (BTCUSD)	-29.9%	43.5%	-0.70	28.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with ECG
ECG	16.5%	62.7%	0.86	-
Sector ETF (XLI)	12.0%	17.6%	0.51	53.1%
Equity (SPY)	12.0%	17.1%	0.52	50.4%
Gold (GLD)	16.5%	19.0%	0.69	16.6%
Commodities (DBC)	8.3%	19.6%	0.31	2.7%
Real Estate (VNQ)	1.0%	18.9%	-0.06	16.2%
Bitcoin (BTCUSD)	5.0%	51.5%	0.28	25.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with ECG
ECG	7.9%	62.7%	0.86	-
Sector ETF (XLI)	13.5%	20.1%	0.59	53.1%
Equity (SPY)	15.2%	17.9%	0.71	50.4%
Gold (GLD)	11.5%	16.5%	0.57	16.6%
Commodities (DBC)	7.8%	18.1%	0.34	2.7%
Real Estate (VNQ)	5.4%	20.7%	0.22	16.2%
Bitcoin (BTCUSD)	61.1%	66.2%	1.01	25.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	10152026
Short Interest: Shares Quantity	2.0 Mil
Short Interest: % Change Since 9302026	-0.2%
Average Daily Volume	0.4 Mil
Days-to-Cover Short Interest	4.6 days
Basic Shares Quantity	51.1 Mil
Short % of Basic Shares	4.0%

Returns Analyses

	Title
0	Is Everus Construction Stock Built to Withstand More Downside?

Earnings Returns History

Updated 11/3/2026

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/3/2026
8/4/2026	3.4%	-1.2%	-17.2%
5/5/2026	0.5%	-5.3%	-8.1%
2/24/2026	24.8%	11.4%	18.3%
11/4/2025	7.7%	15.4%	5.9%
8/12/2025	4.4%	-0.6%	4.5%
5/13/2025	17.3%	14.7%	17.5%
2/11/2025	-18.2%	-31.9%	-44.8%
...
SUMMARY STATS
# Positive	7	4	5
# Negative	1	4	3
Median Positive	7.7%	13.1%	17.5%
Median Negative	-18.2%	-3.3%	-17.2%
Max Positive	24.8%	15.4%	25.7%
Max Negative	-18.2%	-31.9%	-44.8%

Collapse to Preview

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/3/2026
8/4/2026	3.4%	-1.2%	-17.2%
5/5/2026	0.5%	-5.3%	-8.1%
2/24/2026	24.8%	11.4%	18.3%
11/4/2025	7.7%	15.4%	5.9%
8/12/2025	4.4%	-0.6%	4.5%
5/13/2025	17.3%	14.7%	17.5%
2/11/2025	-18.2%	-31.9%	-44.8%
11/6/2024	13.7%	8.4%	25.7%
SUMMARY STATS
# Positive	7	4	5
# Negative	1	4	3
Median Positive	7.7%	13.1%	17.5%
Median Negative	-18.2%	-3.3%	-17.2%
Max Positive	24.8%	15.4%	25.7%
Max Negative	-18.2%	-31.9%	-44.8%

SEC Filings

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Report Date	Filing Date	Filing
06/30/2026	08/05/2026	10-Q
03/31/2026	05/06/2026	10-Q
12/31/2025	02/25/2026	10-K
09/30/2025	11/05/2025	10-Q
06/30/2025	08/13/2025	10-Q
03/31/2025	05/15/2025	10-Q
12/31/2024	02/28/2025	10-K
09/30/2024	11/21/2024	10-Q
06/30/2024	09/12/2024	10-12B

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Report Date	Filing Date	Filing
06/30/2026	08/05/2026	10-Q
03/31/2026	05/06/2026	10-Q
12/31/2025	02/25/2026	10-K
09/30/2025	11/05/2025	10-Q
06/30/2025	08/13/2025	10-Q
03/31/2025	05/15/2025	10-Q
12/31/2024	02/28/2025	10-K
09/30/2024	11/21/2024	10-Q
06/30/2024	09/12/2024	10-12B

Recent Forward Guidance

Updated 11/3/2026

Latest: Q3 2026 Earnings Reported 11/3/2026

Forward Guidance					Guidance Change
Metric	Source	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Revenues	Reported	5.00 Bil	5.05 Bil	5.10 Bil	9.8%		Raised	Guidance: 4.60 Bil for 2026
2026 EBITDA	Reported	485.00 Mil	490.00 Mil	495.00 Mil	17.4%		Raised	Guidance: 417.50 Mil for 2026
2026 Gross Capital Expenditures	Reported	90.00 Mil	95.00 Mil	100.00 Mil	0.0%		Affirmed	Guidance: 95.00 Mil for 2026
2026 Gross Capital Expenditures % of Revenue	Reported	1.8%	1.9%	2.0%

Prior: Q2 2026 Earnings Reported 8/4/2026

Forward Guidance					Guidance Change
Metric	Source	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Revenue	Reported	4.50 Bil	4.60 Bil	4.70 Bil	5.7%		Raised	Guidance: 4.35 Bil for 2026
2026 EBITDA	Reported	410.00 Mil	417.50 Mil	425.00 Mil	18.4%		Raised	Guidance: 352.50 Mil for 2026
2026 Capital Expenditures	Reported	90.00 Mil	95.00 Mil	100.00 Mil	0		Affirmed	Guidance: 95.00 Mil for 2026

Q1 2026 Earnings Reported 5/5/2026

Forward Guidance					Guidance Change
Metric	Source	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Revenue	Reported	4.30 Bil	4.35 Bil	4.40 Bil	4.8%		Raised	Guidance: 4.15 Bil for 2026
2026 EBITDA	Reported	345.00 Mil	352.50 Mil	360.00 Mil	7.6%		Raised	Guidance: 327.50 Mil for 2026
2026 Capital Expenditures	Reported	90.00 Mil	95.00 Mil	100.00 Mil	0		Affirmed	Guidance: 95.00 Mil for 2026

Q4 2025 Earnings Reported 2/24/2026

Forward Guidance					Guidance Change
Metric	Source	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Revenue	Reported	4.10 Bil	4.15 Bil	4.20 Bil	15.3%		Higher New	Guidance: 3.60 Bil for 2025
2026 EBITDA	Reported	320.00 Mil	327.50 Mil	335.00 Mil	11.0%		Higher New	Guidance: 295.00 Mil for 2025
2026 Capital Expenditures	Reported	90.00 Mil	95.00 Mil	100.00 Mil	40.7%		Higher New	Guidance: 67.50 Mil for 2025

Insider Activity

Updated 9/1/2026

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#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Sparby, David M		Direct	Buy	8182026	144.95	1,000	144,950	2,849,427	Form
2	Sanderson, Paul R	VP, CLO & Corporate Secretary	Direct	Sell	8112026	136.69	3,300	451,077	2,590,277	Form
3	Hernandez, Helena Mercedes		Direct	Buy	12082025	92.18	250	23,045	194,500	Form

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#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Sparby, David M		Direct	Buy	8182026	144.95	1,000	144,950	2,849,427	Form
2	Sanderson, Paul R	VP, CLO & Corporate Secretary	Direct	Sell	8112026	136.69	3,300	451,077	2,590,277	Form
3	Hernandez, Helena Mercedes		Direct	Buy	12082025	92.18	250	23,045	194,500	Form

Investor Activity (13F)

Updated Nov 4, 2026

13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Forest Avenue Capital Management LP	$84.4 Mil	5.3%	25	New	13F
Lone Peak Global Investors LLC	$14.6 Mil	2.4%	42	TRIM -32.7%	13F
Angeles Investment Advisors, LLC	$7.6 Mil	0.5%	31	Hold	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Forest Avenue Capital Management LP	$84.4 Mil	5.3%	25	New	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	As Of	Filing
Nixon Capital, LLC	$9.3 Mil	2.5%	29	Exited	Dec 31, 2025	13F
Neumeier Poma Investment Counsel LLC	$6.7 Mil	0.6%	43	Exited	Dec 31, 2025	13F
Lone Peak Global Investors LLC	$14.6 Mil	2.4%	42	TRIM -32.7%	Mar 31, 2026	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Forest Avenue Capital Management LP	$84.4 Mil	5.3%	25	New	13F
Lone Peak Global Investors LLC	$14.6 Mil	2.4%	42	TRIM -32.7%	13F
Angeles Investment Advisors, LLC	$7.6 Mil	0.5%	31	Hold	13F

ECG Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.

INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Status	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

Diversification Alternatives

How Is The Market Pricing ECG?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What ECG Makes & Who Pays

TTM figures based on

ECG Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

Industry Resources

Industrials Resources

IndustryWeek

Manufacturing.net

Aviation Week

Construction & Engineering Resources

Engineering News-Record (ENR)

Construction Dive

Civil Engineering Magazine

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Core Cache Last Updated: 11/3/2026

Everus Construction (ECG)

Market Price (11/4/2026): $113.0 | Market Cap: $5.8 BilSector: Industrials | Industry: Construction & Engineering

Everus Construction (ECG)

Market Price (11/4/2026): $113.0Market Cap: $5.8 BilSector: IndustrialsIndustry: Construction & Engineering

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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ECG Trade Sentinel

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CONVICTION RATIONALE

STOCK ARCHETYPE

Market Price (11/4/2026): $113.0
Market Cap: $5.8 Bil
Sector: Industrials
Industry: Construction & Engineering