The company has successfully deleveraged its capital structure, reducing its debt-to-equity ratio from 1.00 in 2024Q2 to a conservative 0.14 as of 2026Q1.
| Total Current Assets | 1.42B | 1.3B | 917.23M | 729.29M | 788.13M |
| Cash & Short-Term Investments | 293.36M | 170.5M | 86.01M | 1.57M | 2.11M |
| Cash Only | 293.36M | 170.5M | 86.01M | 1.57M | 2.11M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 781.56M | 769.83M | 757.08M | 667.37M | 735.91M |
| Days Sales Outstanding | 80.1 | 75 | 96.97 | 85.34 | 99.51 |
| Inventory | 47.98M | 45.27M | 43.75M | 42.71M | 36.84M |
| Days Inventory Outstanding | 4.98 | 5.02 | 6.36 | 6.16 | 5.55 |
| Other Current Assets | 298.36M | 310.78M | 30.39M | 17.65M | 13.26M |
| Total Non-Current Assets | 426.49M | 432.35M | 371.23M | 323.16M | 347.45M |
| Property, Plant & Equipment | 256.67M | 257.2M | 201.45M | 169.25M | 163.25M |
| Fixed Asset Turnover | 16.27x | 14.57x | 14.15x | 16.86x | 16.53x |
| Goodwill | 143.22M | 143.22M | 143.22M | 143.22M | 143.22M |
| Intangible Assets | 0 | 0 | 116K | 2M | 4.1M |
| Long-Term Investments | 95.38M | 27.08M | 21.29M | 8.41M | 3.41M |
| Other Non-Current Assets | 4.42M | 4.84M | 5.15M | 272K | 33.48M |
| Total Assets | 1.85B | 1.73B | 1.29B | 1.05B | 1.14B |
| Asset Turnover | 2.37x | 2.17x | 2.21x | 2.71x | 2.38x |
| Asset Growth % | 113.22% | 34.17% | 22.42% | -7.32% | - |
| Total Current Liabilities | 804.04M | 736.19M | 513.37M | 394.06M | 473.7M |
| Accounts Payable | 259.87M | 226.26M | 138.1M | 116.57M | 138.88M |
| Days Payables Outstanding | 23.66 | 25.08 | 20.08 | 16.8 | 20.92 |
| Short-Term Debt | 47.9M | 48.91M | 15M | 0 | 27M |
| Deferred Revenue (Current) | 230.35M | 0 | 207.3M | 140.11M | 166.19M |
| Other Current Liabilities | 496.27M | 461.02M | 67.81M | 44.72M | 43.9M |
| Current Ratio | 1.77x | 1.76x | 1.79x | 1.85x | 1.66x |
| Quick Ratio | 1.71x | 1.70x | 1.70x | 1.74x | 1.59x |
| Cash Conversion Cycle | 61.42 | 54.94 | 83.25 | 74.69 | 84.14 |
| Total Non-Current Liabilities | 356.76M | 362.72M | 352.48M | 209.55M | 279.64M |
| Long-Term Debt | 51.66M | 56.63M | 280.65M | 168.53M | 224.12M |
| Capital Lease Obligations | 45.5M | 0 | 41.2M | 32.5M | 34.15M |
| Deferred Tax Liabilities | 53.05M | 14.87M | 8.16M | 6.54M | 9.64M |
| Other Non-Current Liabilities | 290.19M | 291.22M | 22.47M | 1.98M | 11.73M |
| Total Liabilities | 1.16B | 1.1B | 865.85M | 603.61M | 753.34M |
| Total Debt | 99.56M | 105.54M | 363.2M | 222.18M | 305.22M |
| Net Debt | -193.79M | -64.96M | 277.19M | 220.61M | 303.11M |
| Debt / Equity | 0.14x | 0.17x | 0.86x | 0.49x | 0.80x |
| Debt / EBITDA | 0.31x | 0.36x | 1.69x | 1.04x | 1.64x |
| Net Debt / EBITDA | -0.60x | -0.22x | 1.29x | 1.03x | 1.63x |
| Interest Coverage | 16.89x | 13.78x | 13.89x | 6.61x | 26.13x |
| Total Equity | 686.94M | 629.82M | 422.61M | 448.85M | 382.25M |
| Equity Growth % | 153.22% | 49.03% | -5.85% | 17.42% | - |
| Book Value per Share | 13.42 | 12.31 | 8.27 | 8.81 | 7.50 |
| Total Shareholders' Equity | 686.94M | 629.82M | 422.61M | 448.85M | 382.25M |
| Common Stock | 510K | 510K | 510K | 1K | 1K |
| Retained Earnings | 544.06M | 485.74M | 283.97M | 312.67M | 245.95M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | -35K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Working capital billing volatility
According to recent balance sheet data, ECG has successfully expanded its equity base from $448.9 million in 2024Q1 to $686.9 million by 2026Q1, reflecting a strengthening financial position as the company establishes its independent identity following the separation from its former parent company, MDU Resources.
The consistent growth in retained earnings, which reached $544.1 million in the most recent quarter, suggests that the company is effectively reinvesting profits into its operations. This trajectory indicates a maturing business model that is increasingly capable of self-funding its growth without relying on external capital injections.
As reported in financial statements, ECG maintains a disciplined debt-to-equity ratio of 0.14 as of 2026Q1, a significant improvement from the 1.00 level observed in 2024Q2, which suggests management is prioritizing balance sheet health to navigate the inherent cyclicality of the engineering and construction sector.
The reduction in total debt to $99.6 million indicates a strategic move to de-risk the balance sheet during the early stages of independence. This low leverage profile provides the company with substantial dry powder for potential strategic acquisitions or to weather unexpected downturns in utility infrastructure spending.
Based on reported figures, ECG's cash position has surged to $293.4 million in 2026Q1 from a nominal $553,000 in 2024Q3, providing a substantial liquidity buffer that appears well-positioned to support ongoing working capital requirements and mitigate potential delays in project billing cycles across its T&D segments.
The current ratio of 1.77 remains stable, suggesting that the company is maintaining adequate short-term assets to cover its immediate obligations. Investors should monitor whether this cash accumulation is a precursor to capital deployment or simply a defensive measure against the volatility of percentage-of-completion revenue recognition.
Analysis of the balance sheet suggests that the absence of deferred revenue in recent periods, contrasted with historical peaks of $230.4 million, warrants further investigation into whether the company is aggressively recognizing revenue ahead of cash collection, potentially inflating the quality of its reported asset base.
While the headline numbers appear healthy, the shift in contract-related accounts may mask underlying project execution risks or billing inefficiencies. If contract assets continue to grow without a corresponding increase in cash receipts, it may indicate that the company is facing difficulty in converting its project backlog into realized cash flow.
Quick answers to the most common questions about buying ECG stock.
As of 2025, Everus Construction Group, Inc. (ECG) had total assets of $1.73B including $1.30B in current assets.
Everus Construction Group, Inc. (ECG) carries total debt of $105.5M, offset by $170.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Everus Construction Group, Inc. (ECG) has total shareholders' equity (book value) of $629.8M ($12.31 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Everus Construction Group, Inc. (ECG) reported a current ratio of 1.76x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.