MYR (MYRG)
Market Price (8/24/2026): $308.66 | Market Cap: $4.8 BilSector: Industrials | Industry: Construction & Engineering
MYR (MYRG)
Market Price (8/24/2026): $308.66Market Cap: $4.8 BilSector: IndustrialsIndustry: Construction & Engineering
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 49% Megatrend and thematic driversMegatrends include Renewable Energy Transition, Electrification of Everything, and Digital Infrastructure. Themes include Battery Storage & Grid Modernization, Show more. | Key risksMYRG key risks include [1] challenges and delays in executing its substantial project backlog, Show more. |
| Low stock price volatilityVol 12M is 49% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Electrification of Everything, and Digital Infrastructure. Themes include Battery Storage & Grid Modernization, Show more. |
| Key risksMYRG key risks include [1] challenges and delays in executing its substantial project backlog, Show more. |
Qualitative Assessment
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MYR (MYRG) stock has lost about 25% since 4/30/2026 because of the following key factors:
1. Stock Overvaluation Led to a Price Correction.
Despite reporting strong fiscal Q1 2026 and fiscal Q2 2026 earnings that surpassed analyst expectations, MYR Group's stock was deemed significantly overvalued, contributing to its subsequent decline. For instance, on August 19, 2026, GuruFocus noted that MYR Group's price of $324.18 was 65.4% above its estimated fair value of $196.01. The company's trailing twelve-month price-to-earnings (P/E) ratio of 30.7x was also 10% higher than its five-year median P/E of 27.9x, suggesting that a market correction was likely due to its elevated valuation.
2. Significant Insider Selling Signaled Lack of Confidence.
A notable amount of insider selling occurred in early June 2026, which may have contributed to negative investor sentiment and the subsequent stock decline. Specifically, Director Donald C.I. Lucky sold shares totaling over $6.5 million on June 3, 2026. Overall, insiders sold $11.2 million worth of shares over the past 12 months with no corresponding buying activity, indicating a potential lack of confidence in the stock's near-term performance from company leadership.
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MYR (MYRG) stock has lost about 25% since 4/30/2026 because of the following key factors:
1. Stock Overvaluation Led to a Price Correction.
Despite reporting strong fiscal Q1 2026 and fiscal Q2 2026 earnings that surpassed analyst expectations, MYR Group's stock was deemed significantly overvalued, contributing to its subsequent decline. For instance, on August 19, 2026, GuruFocus noted that MYR Group's price of $324.18 was 65.4% above its estimated fair value of $196.01. The company's trailing twelve-month price-to-earnings (P/E) ratio of 30.7x was also 10% higher than its five-year median P/E of 27.9x, suggesting that a market correction was likely due to its elevated valuation.
2. Significant Insider Selling Signaled Lack of Confidence.
A notable amount of insider selling occurred in early June 2026, which may have contributed to negative investor sentiment and the subsequent stock decline. Specifically, Director Donald C.I. Lucky sold shares totaling over $6.5 million on June 3, 2026. Overall, insiders sold $11.2 million worth of shares over the past 12 months with no corresponding buying activity, indicating a potential lack of confidence in the stock's near-term performance from company leadership.
3. Negative Free Cash Flow in Fiscal Q2 2026 Raised Concerns.
Despite solid revenue and earnings beats in fiscal Q2 2026, MYR Group reported a negative free cash flow of $26 million for the quarter ending June 30, 2026. This marked a significant shift from the positive $12 million free cash flow reported in the same period of the prior year, alongside a drop in operating cash flow from $33 million to $3 million. Management attributed this to the timing of tax and project payments, with Days Sales Outstanding (DSOs) expected to normalize later, which likely concerned investors regarding working capital efficiency.
4. Analyst Price Target Reductions Contributed to Negative Sentiment.
Following the stock's peak in June, some analysts adjusted their outlook, contributing to downward pressure. On August 13, 2026, The Goldman Sachs Group lowered its price target for MYR Group from $469.00 to $422.00, while maintaining a "neutral" rating. This adjustment from a prominent financial institution suggested a more cautious stance on the company's future growth trajectory, despite overall positive analyst ratings from other firms.
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Stock Movement Drivers
Fundamental Drivers
The -23.2% change in MYRG stock from 4/30/2026 to 8/23/2026 was primarily driven by a -33.9% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 404.81 | 310.87 | -23.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,825 | 4,006 | 4.7% |
| Net Income Margin (%) | 3.7% | 4.1% | 11.2% |
| P/E Multiple | 44.3 | 29.3 | -33.9% |
| Shares Outstanding (Mil) | 16 | 16 | -0.2% |
| Cumulative Contribution | -23.2% |
Market Drivers
4/30/2026 to 8/23/2026| Return | Correlation | |
|---|---|---|
| MYRG | -23.2% | |
| Market (SPY) | 6.5% | 42.9% |
| Sector (XLI) | 3.2% | 44.2% |
Fundamental Drivers
The 24.3% change in MYRG stock from 1/31/2026 to 8/23/2026 was primarily driven by a 48.2% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 250.04 | 310.87 | 24.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,514 | 4,006 | 14.0% |
| Net Income Margin (%) | 2.8% | 4.1% | 48.2% |
| P/E Multiple | 39.7 | 29.3 | -26.2% |
| Shares Outstanding (Mil) | 16 | 16 | -0.3% |
| Cumulative Contribution | 24.3% |
Market Drivers
1/31/2026 to 8/23/2026| Return | Correlation | |
|---|---|---|
| MYRG | 24.3% | |
| Market (SPY) | 11.0% | 45.9% |
| Sector (XLI) | 9.3% | 55.6% |
Fundamental Drivers
The 60.7% change in MYRG stock from 7/31/2025 to 8/23/2026 was primarily driven by a 86.5% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 193.50 | 310.87 | 60.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,452 | 4,006 | 16.1% |
| Net Income Margin (%) | 2.2% | 4.1% | 86.5% |
| P/E Multiple | 39.3 | 29.3 | -25.5% |
| Shares Outstanding (Mil) | 16 | 16 | -0.3% |
| Cumulative Contribution | 60.7% |
Market Drivers
7/31/2025 to 8/23/2026| Return | Correlation | |
|---|---|---|
| MYRG | 60.7% | |
| Market (SPY) | 22.2% | 47.3% |
| Sector (XLI) | 19.8% | 55.5% |
Fundamental Drivers
The 118.1% change in MYRG stock from 7/31/2023 to 8/23/2026 was primarily driven by a 56.9% change in the company's Net Income Margin (%).| (LTM values as of) | 7312023 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 142.56 | 310.87 | 118.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,364 | 4,006 | 19.1% |
| Net Income Margin (%) | 2.6% | 4.1% | 56.9% |
| P/E Multiple | 26.9 | 29.3 | 8.8% |
| Shares Outstanding (Mil) | 17 | 16 | 7.3% |
| Cumulative Contribution | 118.1% |
Market Drivers
7/31/2023 to 8/23/2026| Return | Correlation | |
|---|---|---|
| MYRG | 118.1% | |
| Market (SPY) | 73.2% | 48.1% |
| Sector (XLI) | 70.0% | 54.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MYRG Return | 84% | -17% | 57% | 3% | 47% | 46% | 429% |
| Peers Return | 29% | 5% | 32% | 84% | 57% | 19% | 518% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| MYRG Win Rate | 75% | 42% | 67% | 50% | 58% | 75% | |
| Peers Win Rate | 57% | 53% | 65% | 65% | 60% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| MYRG Max Drawdown | -16% | -30% | -26% | -50% | -35% | -37% | |
| Peers Max Drawdown | -28% | -30% | -30% | -16% | -35% | -38% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PWR, MTZ, EME, PRIM, DY.
[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 8/21/2026 (YTD)
How Low Can It Go
| Event | MYRG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.6% | -18.8% |
| % Gain to Breakeven | 32.6% | 23.1% |
| Time to Breakeven | 23 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -29.5% | -7.8% |
| % Gain to Breakeven | 41.9% | 8.5% |
| Time to Breakeven | 92 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -25.4% | -9.5% |
| % Gain to Breakeven | 34.0% | 10.5% |
| Time to Breakeven | 53 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -29.2% | -24.5% |
| % Gain to Breakeven | 41.3% | 32.4% |
| Time to Breakeven | 296 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.7% | -33.7% |
| % Gain to Breakeven | 84.3% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.2% | -19.2% |
| % Gain to Breakeven | 23.7% | 23.8% |
| Time to Breakeven | 51 days | 105 days |
In The Past
MYR's stock fell -24.6% during the 2025 US Tariff Shock. Such a loss loss requires a 32.6% gain to breakeven.
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Asset Allocation
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| Event | MYRG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.6% | -18.8% |
| % Gain to Breakeven | 32.6% | 23.1% |
| Time to Breakeven | 23 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -29.5% | -7.8% |
| % Gain to Breakeven | 41.9% | 8.5% |
| Time to Breakeven | 92 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -25.4% | -9.5% |
| % Gain to Breakeven | 34.0% | 10.5% |
| Time to Breakeven | 53 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -29.2% | -24.5% |
| % Gain to Breakeven | 41.3% | 32.4% |
| Time to Breakeven | 296 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.7% | -33.7% |
| % Gain to Breakeven | 84.3% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -38.2% | -12.2% |
| % Gain to Breakeven | 61.9% | 13.9% |
| Time to Breakeven | 268 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -22.1% | -6.8% |
| % Gain to Breakeven | 28.3% | 7.3% |
| Time to Breakeven | 86 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -38.4% | -17.9% |
| % Gain to Breakeven | 62.4% | 21.8% |
| Time to Breakeven | 753 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -63.7% | -53.4% |
| % Gain to Breakeven | 175.4% | 114.4% |
| Time to Breakeven | 186 days | 1085 days |
In The Past
MYR's stock fell -24.6% during the 2025 US Tariff Shock. Such a loss loss requires a 32.6% 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 MYR (MYRG)
MYR Group Inc. (MYRG) is a leading electrical construction services company operating across the United States and Canada. The company primarily focuses on two distinct areas of expertise: electrical infrastructure for the utility industry and specialized electrical services for commercial and industrial clients.
Its Transmission and Distribution segment is a prime contractor to the electric utility industry, providing essential services for electric transmission and distribution networks, along with substation facilities. This includes the design, construction, upgrade, maintenance, and emergency repair of high-voltage transmission lines, substations, and lower-voltage overhead and underground distribution systems. This segment also works on renewable power facilities and offers critical emergency restoration services following major weather events, serving investor-owned utilities, cooperatives, private developers, and government-funded utilities.
The Commercial and Industrial segment delivers a broad range of electrical services, including the design, installation, maintenance, and repair of commercial and industrial wiring. This work extends to specialized installations such as traffic networks, bridge, roadway, and tunnel lighting, as well as complex electrical systems for facilities like airports, hospitals, data centers, manufacturing plants, and renewable energy projects. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers.
AI Analysis | Feedback
MYR Group is like **EMCOR Group (EME)**, but focused exclusively on providing electrical construction and maintenance services for both utility infrastructure (power grid) and large commercial/industrial facilities.
MYR Group is like **Quanta Services (PWR)**, specializing in all things electrical for the power grid, from high-voltage transmission lines to substation work, and also handling complex electrical installations for large commercial and industrial clients.
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- Electrical Transmission & Distribution Services: Provides comprehensive services for the design, construction, maintenance, and repair of electric transmission lines, substations, and distribution networks.
- Commercial & Industrial Electrical Services: Offers design, installation, maintenance, and repair of electrical wiring and systems for diverse commercial, industrial, and governmental facilities.
- Renewable Energy Facility Services: Delivers electrical construction and maintenance services specifically for renewable power generation facilities and related infrastructure.
- Emergency Electrical Restoration: Supplies rapid response services for the repair and restoration of electrical infrastructure damaged by storms or other emergencies.
- Traffic & Roadway Lighting Services: Specializes in the installation of traffic networks and lighting systems for bridges, roadways, and tunnels.
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MYR Group Inc. (MYRG) sells its electrical construction services primarily to other companies and governmental agencies, not to individuals. Its major customers fall into the following categories:
- Electric Utility Companies: This is a primary customer base for MYRG's Transmission and Distribution segment. This category includes investor-owned utilities, cooperatives, government-funded utilities, independent power producers, and independent transmission companies.
- General Contractors and Developers: MYR Group serves these entities as a prime or sub-contractor for new construction projects across both its Transmission and Distribution and Commercial and Industrial segments.
- Commercial and Industrial Facility Owners: This includes owners of a wide range of facilities such as airports, hospitals, data centers, hotels, stadiums, manufacturing plants, processing facilities, and mining facilities, for whom MYR Group provides design, installation, maintenance, and repair of electrical systems.
- Governmental Agencies: MYR Group provides services for governmental agencies for public infrastructure projects, including traffic networks, bridge, roadway, and tunnel lighting, and transportation control and management systems.
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Richard S. Swartz, President and Chief Executive Officer
Richard S. Swartz was appointed President and Chief Executive Officer of MYR Group in January 2017. He has over 40 years of experience in the electrical construction industry. Prior to his CEO appointment, he served for seven years as the company's Executive Vice President and Chief Operating Officer. Mr. Swartz began his career in field operations with Sturgeon Electric, a MYR Group subsidiary. He is responsible for the complete profit and loss of MYR Group and its subsidiaries and chairs the company's executive committee. He was instrumental in developing project management and productivity improvement programs, as well as corporate safety initiatives.
Kelly M. Huntington, Senior Vice President and Chief Financial Officer
Kelly M. Huntington was appointed Senior Vice President and Chief Financial Officer of MYR Group in 2023. She brings 20 years of experience in power generation, utilities, and infrastructure services. Prior to joining MYR Group, Ms. Huntington served as Senior Vice President and Chief Financial Officer of USIC LLC, an infrastructure services company. She also held various leadership roles at The AES Corporation, including Senior Vice President and Chief Financial Officer, and subsequently President and Chief Executive Officer of its subsidiary, Indianapolis Power & Light Co. Ms. Huntington holds a Bachelor of Science in Management Science from Massachusetts Institute of Technology and currently serves on the Board of Directors of Capital Power.
Brian K. Stern, Senior Vice President and Chief Operating Officer, Transmission and Distribution
Brian K. Stern was appointed Senior Vice President and Chief Operating Officer of the Transmission and Distribution (T&D) division in 2024. He has over 20 years of industry experience. Before his current role, he served as Group Vice President of MYR Group's Western region from 2017 to 2023. Mr. Stern began his career with MYR Group as a market analyst in 2001.
Don A. Egan, Senior Vice President and Chief Operating Officer, Commercial and Industrial
Don A. Egan was named Senior Vice President and Chief Operating Officer of the Commercial and Industrial (C&I) division in 2023. He is responsible for the C&I division's overall growth, strategies, and day-to-day operations. Mr. Egan served as Group Vice President of C&I since 2017.
William F. Fry, Senior Vice President, Chief Legal Officer and Secretary
William F. Fry was appointed Vice President, Chief Legal Officer, and Secretary of MYR Group in 2019, and was named Senior Vice President in 2024. He oversees all aspects of the company's legal affairs across the U.S. and Western Canada, as well as risk mitigation efforts, human resources, and information technology departments, and spearheads the company's environmental, social, and governance (ESG) program. Mr. Fry began his professional career as a trainee engineer with Chicago Bridge & Iron, Inc. He holds a Bachelor of Science in Engineering from Texas A&M University, a Jurisprudence Doctorate in Law and Engineering from the University of Houston, and a Master of Business Administration degree from Rice University.
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Key Risks to MYR Group Inc. (MYRG)
Reliance on Infrastructure Spending and Utility Capital Expenditures: MYR Group's core business in both its Transmission and Distribution and Commercial and Industrial segments is heavily dependent on sustained investment in electrical infrastructure, particularly by electric utilities and governmental agencies. Economic downturns, changes in regulatory environments, shifts in government funding priorities, or reduced capital expenditure by utilities could significantly decrease demand for MYR Group's services, directly impacting its project pipeline and revenue.
Skilled Labor Shortages and Rising Labor Costs: The electrical construction industry, by its nature, requires a highly skilled and specialized workforce, including linemen, electricians, and project managers. A persistent shortage of qualified skilled labor, or significant increases in wage demands and labor costs, could constrain MYR Group's ability to bid on and complete projects, lead to project delays, increase operational expenses, and negatively impact profitability.
Competitive Market and Project Execution Risks: MYR Group operates in a competitive market, which can lead to pricing pressure and impact profit margins. Additionally, the inherent risks associated with large-scale construction projects, such as unexpected cost overruns, project delays, unforeseen site conditions, availability and cost of materials, and potential disputes with clients or subcontractors, can significantly affect project profitability and overall financial performance, particularly for fixed-price contracts.
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Addressable Markets for MYR Group Inc. (MYRG)
MYR Group Inc. operates in two primary segments: Transmission and Distribution (T&D) and Commercial and Industrial (C&I) electrical construction services. The addressable markets for these services in the United States and Canada are substantial.
Transmission and Distribution Segment
- In the United States, the electric power transmission and distribution market was valued at approximately USD 89.9 billion in 2024 and is projected to grow to USD 110.4 billion by 2032, advancing at a compound annual growth rate (CAGR) of 2.7% from 2025 to 2032. The U.S. transmission infrastructure market alone was approximately USD 50 billion in 2024.
- In Canada, the power transmission and distribution market generated USD 20,264.9 million (approximately USD 20.26 billion) in 2024 and is expected to reach USD 31,369.3 million (approximately USD 31.37 billion) by 2030, with a CAGR of 7.6% from 2025 to 2030. The Canadian transmission infrastructure market was around USD 10 billion in 2024.
Commercial and Industrial Segment
- The overall U.S. electrical services market, which includes commercial and industrial electrical construction, maintenance, and repair, was valued at USD 163.9 billion in 2024 and is projected to grow to USD 294.6 billion by 2034, exhibiting a CAGR of 6.3% from 2025 to 2034. Specifically, the U.S. electrical construction market was valued at over USD 115 billion in 2024. The U.S. electrical contractors market was valued at USD 237.59 billion in 2023 and is expected to reach USD 256.65 billion by 2029.
- The broader North America Electrical Services Market, encompassing the United States and Canada, was valued at USD 187.07 billion in 2024 and is anticipated to reach USD 228.29 billion by 2030, growing at a CAGR of 3.37% during the forecast period.
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MYR Group Inc. (NASDAQ: MYRG) is expected to experience future revenue growth over the next 2-3 years, driven by several key factors:
- Grid Modernization and Infrastructure Investment: Significant investment in upgrading and expanding the electrical grid across the U.S. and Canada is a primary growth driver for MYR Group's Transmission and Distribution (T&D) segment. U.S. utilities are projected to invest approximately $178 billion in grid modernization between 2025 and 2028, with the broader utilities sector targeting $1.1 trillion in power transmission and distribution investments from 2025 to 2030. These investments are aimed at enhancing system reliability, connecting new generation sources, and hardening the grid.
- Growth in Data Centers and Digital Infrastructure: The rapid expansion of data centers and digital infrastructure, fueled by increasing demand for artificial intelligence, presents a substantial growth opportunity for the Commercial and Industrial (C&I) segment. MYR Group is strategically targeting hyperscale data centers, where demand for complex electrical infrastructure is growing rapidly.
- Electrification and Clean Energy Projects: The broader trend of electrification and the push towards clean energy, including renewable power facilities and electric vehicle (EV) charging networks, are expected to contribute to revenue growth. MYR Group is actively pursuing opportunities in clean energy markets and aligning its growth with federal funding allocations for grid reliability and clean energy.
- Strong Backlog and Master Service Agreements (MSAs): The company's substantial and growing project backlog provides strong revenue visibility. As of December 31, 2025, MYR Group reported a backlog of $2.8 billion, representing a 9.6% increase year-over-year, driven by longer-duration project awards. A significant portion of the T&D segment's revenue, approximately 60%, comes from master service agreements, which offer stable and recurring work with established clientele.
- Expansion in Core Commercial and Industrial Markets: Beyond data centers, the C&I segment benefits from a diversified focus on core markets such as airports, transportation, healthcare, e-commerce, and water/wastewater facilities. The company is deepening its presence in these areas, including regional hub scaling to support semiconductor fabs and related supply-chain electrification.
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Share Repurchases
- From 2024-2025, MYR Group Inc. repurchased 1.3 million shares for approximately $150 million under multiple repurchase programs.
- The company authorized a new share repurchase program of up to $75 million, effective May 9, 2024, set to expire by November 8, 2024, or when the funds are exhausted.
- A previous $75 million repurchase program commenced on November 9, 2023, and was scheduled to expire on May 8, 2024.
Share Issuance
- Over the last five years, MYR Group has reduced its share count by 8% through repurchases, which has contributed to higher earnings per share.
Outbound Investments
- In January 2022, MYR Group acquired Powerline Plus. This acquisition strengthened its Transmission & Distribution (T&D) segment and expanded its market presence in Canada.
Capital Expenditures
- MYR Group's capital expenditures margin for the fiscal years ending December 2020 to 2024 averaged 2.2%.
- In the last 12 months (as of March 13, 2026), capital expenditures were -$94.37 million. The company invested $29.9 million in capital expenditures during Q4 2025.
- Ongoing investment in specialty equipment supports the company's future organic growth, and a strong balance sheet enables continued capital spending.
Peer Outperformance in Construction & Engineering
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering ← | 31 | 25.2% | 124.7% | 202.2% | CDNL 3246% · STRL 2190% · FIX 2132% |
| Marine Transportation | 4 | 57.9% | 61.9% | 150.7% | MATX 212% · KEX 154% · SFL 148% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 12.3% | 66.8% | 120.6% | CAT 324% · ALSN 285% · WAB 252% |
| Aerospace & Defense | 55 | 11.1% | 70.2% | 79.6% | DFNS 2047% · ATI 1042% · FTAI 968% |
| Passenger Ground Transportation | 3 | -5.7% | 65.1% | 69.3% | UBER 96% · CAR 69% · LYFT -63% |
| Industrial Machinery & Supplies & Components | 71 | 11.5% | 56.0% | 56.3% | CRS 1440% · PSIX 846% · GHM 735% |
| Rail Transportation | 7 | 38.3% | 76.2% | 50.1% | FSTR 115% · CSX 65% · UNP 56% |
| Cargo Ground Transportation | 16 | 35.7% | 16.1% | 45.4% | XPO 270% · R 264% · CVLG 222% |
| Diversified Support Services | 34 | 8.9% | 37.5% | 34.9% | LIME 4674% · TH 369% · WLFC 347% |
| Trading Companies & Distributors | 18 | 2.2% | 36.4% | 32.1% | DXPE 523% · AIT 303% · URI 232% |
| Building Products | 33 | -8.8% | 15.9% | 28.8% | LMB 436% · GFF 413% · PPIH 289% |
| Electrical Components & Equipment | 41 | 26.1% | 44.8% | 28.3% | POWL 2374% · VRT 856% · BE 849% |
| Industrial Conglomerates | 17 | 15.8% | 26.3% | 4.9% | RCMT 727% · CSW 153% · TTI 145% |
| Office Services & Supplies | 10 | 14.0% | 25.0% | 3.8% | TILE 188% · PBI 159% · EBF 56% |
| Environmental & Facilities Services | 28 | -8.3% | 20.9% | 0.8% | CECO 863% · ADUR 661% · GEO 324% |
| Research & Consulting Services | 13 | -7.2% | -18.4% | -1.6% | HURN 220% · CRAI 97% · GRNQ 31% |
| Agricultural & Farm Machinery | 17 | -1.2% | -3.9% | -14.4% | BLBD 200% · DE 88% · GENC 65% |
| Data Processing & Outsourced Services | 6 | -30.4% | -9.5% | -24.5% | EXLS 59% · BR 16% · G -23% |
| Passenger Airlines | 11 | 5.9% | -4.6% | -29.3% | LTM 2324% · UAL 140% · SKYW 130% |
| Human Resource & Employment Services | 20 | 4.5% | -19.4% | -36.1% | BBSI 89% · ADP 51% · KFY 36% |
| Air Freight & Logistics | 12 | -16.2% | -24.2% | -39.1% | CHRW 78% · FDX 67% · EXPD 62% |
| Security & Alarm Services | 10 | -36.2% | -14.3% | -43.4% | CIX 107% · MG 93% · BCO 52% |
| Airport Services | 3 | -69.1% | -69.0% | -58.3% | JOBY -31% · ASLE -58% · UP -100% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| MYR Stock 5-Day Winning Spree: Stock Climbs 42% | 05/06/2026 | |
| MYR Earnings Notes | 12/29/2026 | |
| How Low Can MYR Stock Really Go? | 10/17/2025 | |
| MYR vs GE Aerospace: Which Is A Better Investment? | 08/18/2025 | |
| MYR vs Quanta Services: Which Is A Better Investment? | 08/18/2025 | |
| How Does MYR Stock Stack Up Against Its Peers? | 08/13/2025 | |
| Better Bet Than MYRG Stock: Pay Less Than MYR To Get More From MSFT, AMZN | 08/12/2025 | |
| Better Bet Than MYRG Stock: Pay Less Than MYR To Get More From UBER, TT | 08/12/2025 | |
| ARTICLES | ||
| MYR Stock On Fire: Up 42% With 5-Day Winning Streak | 05/06/2026 | |
| Small Cap Stocks Trading At 52-Week High | 04/02/2026 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 351.91 |
| Mkt Cap | 16.3 |
| Rev LTM | 11,697 |
| Op Inc LTM | 656 |
| FCF LTM | 343 |
| FCF 3Y Avg | 444 |
| CFO LTM | 627 |
| CFO 3Y Avg | 647 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 21.2% |
| Rev Chg 3Y Avg | 15.2% |
| Rev Chg Q | 21.8% |
| QoQ Delta Rev Chg LTM | 5.1% |
| Op Inc Chg LTM | 39.3% |
| Op Inc Chg 3Y Avg | 34.4% |
| Op Mgn LTM | 5.8% |
| Op Mgn 3Y Avg | 5.1% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 7.2% |
| CFO/Rev 3Y Avg | 7.1% |
| FCF/Rev LTM | 5.6% |
| FCF/Rev 3Y Avg | 4.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 16.3 |
| P/S | 1.6 |
| P/Op Inc | 23.1 |
| P/EBIT | 22.9 |
| P/E | 33.8 |
| P/CFO | 24.1 |
| Total Yield | 3.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.8% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Transmission and Distribution (T&D) | 2,002 | 1,881 | 2,089 | 1,746 | 1,302 |
| Commercial and Industrial (C&I) | 1,655 | 1,482 | 1,555 | 1,263 | 1,197 |
| General Corporate | 0 | 0 | 0 | 0 | |
| Total | 3,658 | 3,362 | 3,644 | 3,009 | 2,498 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Transmission and Distribution (T&D) | 158 | 69 | 150 | 139 | 133 |
| Commercial and Industrial (C&I) | 97 | 48 | 46 | 43 | 54 |
| General Corporate | -88 | -63 | -66 | -67 | -69 |
| Total | 167 | 54 | 129 | 115 | 119 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| General Corporate | 616 | 433 | 444 | 425 | 409 |
| Transmission and Distribution (T&D) | 554 | 544 | 633 | 501 | 304 |
| Commercial and Industrial (C&I) | 475 | 512 | 502 | 473 | 409 |
| Total | 1,644 | 1,489 | 1,579 | 1,399 | 1,121 |
Price Behavior
| Market Price | $310.87 | |
| Market Cap ($ Bil) | 4.8 | |
| First Trading Date | 08/12/2008 | |
| Distance from 52W High | -38.0% | |
| 50 Days | 200 Days | |
| DMA Price | $392.69 | $318.86 |
| DMA Trend | up | down |
| Distance from DMA | -20.8% | -2.5% |
| 3M | 1YR | |
| Volatility | 48.9% | 49.6% |
| Downside Capture | 262.27 | 185.57 |
| Upside Capture | 63.21 | 207.92 |
| Correlation (SPY) | 47.5% | 47.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.16 | 1.76 | 1.76 | 1.86 | 1.84 | 1.48 |
| Up Beta | 5.80 | 3.52 | 2.34 | 2.44 | 2.01 | 1.48 |
| Down Beta | 0.23 | 0.44 | 0.59 | 1.22 | 1.45 | 1.30 |
| Up Capture | -131% | 64% | 142% | 256% | 349% | 532% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 8 | 18 | 30 | 70 | 133 | 394 |
| Down Capture | 434% | 236% | 230% | 148% | 143% | 109% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 14 | 25 | 33 | 56 | 119 | 357 |
[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 MYRG | |
|---|---|---|---|---|
| MYRG | 71.7% | 49.3% | 1.25 | - |
| Sector ETF (XLI) | 20.5% | 17.1% | 0.92 | 55.2% |
| Equity (SPY) | 21.1% | 12.9% | 1.22 | 47.4% |
| Gold (GLD) | 37.5% | 28.8% | 1.10 | 16.3% |
| Commodities (DBC) | 43.2% | 20.2% | 1.66 | -6.1% |
| Real Estate (VNQ) | 12.9% | 13.8% | 0.64 | 9.8% |
| Bitcoin (BTCUSD) | -31.6% | 44.1% | -0.73 | 21.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MYRG | |
|---|---|---|---|---|
| MYRG | 25.1% | 42.5% | 0.65 | - |
| Sector ETF (XLI) | 13.1% | 17.6% | 0.57 | 53.4% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 47.7% |
| Gold (GLD) | 20.6% | 18.6% | 0.90 | 7.6% |
| Commodities (DBC) | 10.4% | 19.6% | 0.41 | 11.3% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 30.5% |
| Bitcoin (BTCUSD) | 10.4% | 52.8% | 0.38 | 21.0% |
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 MYRG | |
|---|---|---|---|---|
| MYRG | 27.0% | 44.1% | 0.70 | - |
| Sector ETF (XLI) | 13.8% | 20.0% | 0.60 | 54.7% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 50.2% |
| Gold (GLD) | 12.7% | 16.2% | 0.64 | 4.0% |
| Commodities (DBC) | 8.0% | 18.0% | 0.36 | 20.0% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 39.6% |
| Bitcoin (BTCUSD) | 63.1% | 66.1% | 1.03 | 14.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/7/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 2.7% | 3.6% | |
| 4/29/2026 | 19.9% | 34.6% | 37.7% |
| 2/25/2026 | -0.6% | 0.2% | -1.8% |
| 10/29/2025 | -5.3% | 4.6% | -3.7% |
| 7/30/2025 | -3.4% | -7.3% | -4.4% |
| 4/30/2025 | 20.3% | 26.9% | 28.2% |
| 2/26/2025 | -4.7% | -1.3% | -8.1% |
| 10/30/2024 | 13.6% | 29.8% | 36.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 15 | 16 |
| # Negative | 13 | 9 | 7 |
| Median Positive | 7.6% | 7.5% | 13.3% |
| Median Negative | -4.7% | -6.3% | -4.9% |
| Max Positive | 20.3% | 34.6% | 37.7% |
| Max Negative | -22.4% | -29.1% | -28.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 2.7% | 3.6% | |
| 4/29/2026 | 19.9% | 34.6% | 37.7% |
| 2/25/2026 | -0.6% | 0.2% | -1.8% |
| 10/29/2025 | -5.3% | 4.6% | -3.7% |
| 7/30/2025 | -3.4% | -7.3% | -4.4% |
| 4/30/2025 | 20.3% | 26.9% | 28.2% |
| 2/26/2025 | -4.7% | -1.3% | -8.1% |
| 10/30/2024 | 13.6% | 29.8% | 36.9% |
| 7/31/2024 | -22.4% | -29.1% | -28.8% |
| 5/1/2024 | -7.8% | -5.6% | -5.9% |
| 2/28/2024 | -5.7% | -6.3% | 2.6% |
| 10/25/2023 | -4.4% | -8.0% | 4.0% |
| 7/26/2023 | -2.7% | -2.9% | -4.9% |
| 4/26/2023 | 7.6% | 12.4% | 10.5% |
| 2/22/2023 | 14.5% | 24.2% | 18.9% |
| 10/26/2022 | -12.5% | -1.9% | 6.2% |
| 7/27/2022 | 2.7% | 1.7% | 5.1% |
| 4/27/2022 | -3.7% | -7.3% | 6.9% |
| 2/23/2022 | 5.6% | 7.5% | 16.0% |
| 10/27/2021 | -1.5% | 2.5% | 10.3% |
| 7/28/2021 | 2.7% | 0.9% | 7.6% |
| 4/28/2021 | 9.2% | 16.6% | 19.5% |
| 3/3/2021 | -6.4% | 7.9% | 18.4% |
| 10/28/2020 | 3.3% | 2.8% | 24.0% |
| SUMMARY STATS | |||
| # Positive | 11 | 15 | 16 |
| # Negative | 13 | 9 | 7 |
| Median Positive | 7.6% | 7.5% | 13.3% |
| Median Negative | -4.7% | -6.3% | -4.9% |
| Max Positive | 20.3% | 34.6% | 37.7% |
| Max Negative | -22.4% | -29.1% | -28.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 10/26/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 10/26/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
| 03/31/2022 | 04/27/2022 | 10-Q |
| 12/31/2021 | 02/23/2022 | 10-K |
| 09/30/2021 | 10/27/2021 | 10-Q |
| 06/30/2021 | 07/28/2021 | 10-Q |
| 03/31/2021 | 04/28/2021 | 10-Q |
| 12/31/2020 | 03/03/2021 | 10-K |
| 09/30/2020 | 10/28/2020 | 10-Q |
| 06/30/2020 | 07/29/2020 | 10-Q |
| 03/31/2020 | 04/29/2020 | 10-Q |
| 12/31/2019 | 03/04/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
Insider Activity
Updated 6/4/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lucky, Donald CI | Direct | Sell | 6042026 | 449.53 | 14,675 | 6,596,802 | 2,507,908 | Form | |
| 2 | Hartwick, Kenneth Michael | Direct | Sell | 6042026 | 450.50 | 3,500 | 1,576,750 | 8,393,266 | Form | |
| 3 | Huntington, Kelly Michelle | Senior VP and CFO | Direct | Sell | 6022026 | 457.66 | 2,000 | 915,315 | 2,146,872 | Form |
| 4 | O'Connor, Shirin | Direct | Sell | 6022026 | 447.19 | 3,159 | 1,412,680 | 1,816,048 | Form | |
| 5 | Egan, Don A | SVP and COO C&I | Direct | Sell | 11052025 | 233.40 | 2,900 | 676,861 | 1,353,021 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lucky, Donald CI | Direct | Sell | 6042026 | 449.53 | 14,675 | 6,596,802 | 2,507,908 | Form | |
| 2 | Hartwick, Kenneth Michael | Direct | Sell | 6042026 | 450.50 | 3,500 | 1,576,750 | 8,393,266 | Form | |
| 3 | Huntington, Kelly Michelle | Senior VP and CFO | Direct | Sell | 6022026 | 457.66 | 2,000 | 915,315 | 2,146,872 | Form |
| 4 | O'Connor, Shirin | Direct | Sell | 6022026 | 447.19 | 3,159 | 1,412,680 | 1,816,048 | Form | |
| 5 | Egan, Don A | SVP and COO C&I | Direct | Sell | 11052025 | 233.40 | 2,900 | 676,861 | 1,353,021 | Form |
Investor Activity (13F)
Updated Aug 24, 2026Active 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.
MYR — Investor Video Playlist
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Construction & Engineering Resources |
| Engineering News-Record (ENR) |
| Construction Dive |
| Civil Engineering Magazine |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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