MYR GROUP INC. MYRG
We are a holding company of specialty electrical construction service providers that was established in 1995 through the merger of long-standing specialty contractors. Through our subsidiaries, we serve the electric utility infrastructure, commercial and industrial construction markets. Our operations are currently conducted through wholly-owned subsidiaries. We primarily provide electrical construction services through a network of local offices located throughout the United States and Canada. We provide a broad range of services, including design, engineering, procurement, construction, upgrade, maintenance and repair services, with a particular focus on construction, maintenance and repair.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.66B | $3.36B | $3.64B | $3.01B | $2.50B | $2.25B | $2.07B | $1.53B | $1.40B | $1.14B |
| Cost of revenue | $3.23B | $3.07B | $3.28B | $2.66B | $2.17B | $1.97B | $1.86B | $1.36B | $1.28B | $1.01B |
| Gross profit | $423.8M | $290.3M | $364.4M | $344.0M | $325.0M | $275.9M | $214.2M | $167.1M | $125.0M | $134.7M |
| SG&A | $256.4M | $238.2M | $234.6M | $222.4M | $207.2M | $188.5M | $156.7M | $118.7M | $98.6M | $96.4M |
| Total operating expenses | $3.49B | $3.31B | $3.51B | $2.89B | — | — | — | — | — | — |
| Operating income | $166.9M | $54.1M | $129.1M | $114.9M | $118.6M | $86.5M | $57.2M | $50.3M | $29.6M | $38.8M |
| Interest expense | $5.6M | $6.5M | $4.9M | $3.6M | $1.8M | $4.6M | $6.2M | $3.7M | $2.6M | $1.3M |
| Pre-tax income | $161.3M | $46.5M | $125.0M | $114.2M | $116.3M | $81.4M | $50.4M | $43.1M | $24.6M | $38.3M |
| Income tax | $42.9M | $16.2M | $34.0M | $30.8M | $31.3M | $22.6M | $14.2M | $11.8M | $3.5M | $16.9M |
| Net income | $118.4M | $30.3M | $91.0M | $83.4M | $85.0M | $58.8M | $37.7M | $31.1M | $21.2M | $21.4M |
| EPS, basic | 7.57 | 1.84 | 5.45 | 4.98 | 5.05 | 3.52 | 2.27 | 1.89 | 1.30 | 1.25 |
| EPS, diluted | 7.53 | 1.83 | 5.40 | 4.91 | 4.95 | 3.48 | 2.26 | 1.87 | 1.28 | 1.23 |
| Shares, diluted (wtd. avg.) | $15.7M | $16.5M | $16.8M | $17.0M | $17.2M | $16.9M | $16.7M | $16.6M | $16.5M | $17.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $150.2M | $3.5M | $24.9M | $51.0M | $82.1M | $22.7M | $12.4M | $7.5M | $5.3M | $23.8M |
| Receivables | $603.7M | $653.1M | $521.9M | $472.5M | $375.4M | $385.9M | $388.5M | $288.4M | $240.3M | $234.6M |
| Total current assets | $1.06B | $929.4M | $1.03B | $890.3M | $748.4M | $636.7M | $639.2M | $475.6M | $379.7M | $342.9M |
| Property, plant and equipment | — | — | — | — | — | — | $185.3M | $161.9M | $148.1M | $154.9M |
| Goodwill | $115.3M | $113.0M | $117.0M | $115.8M | $66.1M | $66.1M | $66.1M | $56.6M | $47.0M | $46.8M |
| Other intangibles | $72.5M | $75.7M | $83.5M | $87.6M | $49.1M | $51.4M | $54.9M | $33.3M | $10.9M | $11.6M |
| Total assets | $1.64B | $1.49B | $1.58B | $1.40B | $1.12B | $995.9M | $1.01B | $748.8M | $603.8M | $573.5M |
| Accounts payable | $314.8M | $295.5M | $359.4M | $315.3M | $200.7M | $162.6M | $192.1M | $139.5M | $110.4M | $99.9M |
| Short-term debt | $4.6M | $4.4M | $7.1M | $5.1M | $1.0M | $4.4M | $8.7M | $3.7M | $0 | — |
| Total current liabilities | $795.3M | $663.6M | $747.2M | $667.0M | $498.6M | $443.4M | $396.8M | $283.8M | $188.6M | $196.2M |
| Long-term debt | $54.5M | $70.0M | $29.2M | $35.5M | $3.5M | $25.0M | $157.1M | $86.1M | $79.0M | $59.1M |
| Total liabilities | $983.7M | $888.4M | $927.5M | $838.7M | $602.0M | $566.6M | $643.4M | $424.3M | $316.7M | $310.3M |
| Retained earnings | $503.2M | $453.7M | $492.5M | $404.9M | $355.0M | $270.5M | $212.2M | $174.7M | $143.2M | $123.3M |
| Total equity | $660.4M | $600.4M | $651.2M | $560.2M | $519.1M | $429.3M | $364.5M | $324.5M | $287.0M | $263.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $326.6M | $87.1M | $71.0M | $167.5M | $137.2M | $175.2M | $64.9M | $84.8M | -$9.2M | $54.5M |
| Depreciation and amortisation | $66.5M | $65.2M | $59.1M | $58.2M | $46.2M | $46.5M | $44.5M | $39.9M | $38.6M | $39.1M |
| Stock-based compensation | $14.8M | $8.5M | $8.4M | $7.9M | $7.5M | $5.7M | $4.4M | $3.2M | $4.4M | $4.7M |
| Capital expenditure | $94.4M | $75.9M | $84.7M | $77.1M | $52.4M | $44.4M | $57.8M | $50.7M | $30.8M | $25.4M |
| Investing cash flow | -$86.2M | -$67.2M | -$79.1M | -$185.7M | -$49.3M | -$40.9M | -$133.5M | -$93.2M | -$26.5M | -$34.1M |
| Financing cash flow | -$94.1M | -$40.0M | -$18.4M | -$9.3M | -$28.1M | -$124.3M | $73.4M | $10.6M | $16.9M | -$35.5M |
| Buybacks | $75.0M | $75.0M | $2.9M | $37.0M | $0 | $0 | $778.0K | $1.0M | $3.1M | $101.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000700923-26-000007.
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