MYR Group is capitalizing on accelerating grid modernization and transmission investment, with revenue up 20.1% YoY to a record $1.1B in Q2 2026 and gross margin expanding to 13.2% from 11.4% a year earlier. The company's operating leverage is evident as opera...
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Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue accelerated 20.1% YoY to a record $1.1B in Q2 2026, with gross margin expanding to 13.2% and operating margin reaching 6.3%, driving EPS growth of 85.9%.
MYR Group is an industry leader with over 130 years of experience, delivering large and complex electrical transmission and infrastructure projects.
The company announced its first-quarter 2026 financial results, indicating ongoing financial stability and growth potential.
Some analysts project MYR Group to reach $5.1 billion in revenue and $209.0 million in earnings by 2029, far exceeding consensus estimates.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 29, 2026 | $3.17+21.0% vs $2.62 | $1.1B+8.6% vs $996M |
Q2 2026 Apr 29, 2026 | $2.99+43.1% vs $2.09 | $1.0B+7.3% vs $932M |
Q1 2026 Feb 25, 2026 | $2.33+34.7% vs $1.73 | $974M+8.4% vs $898M |
Q4 2025 Oct 29, 2025 | $2.05+12.6% vs $1.82 | $950M+5.9% vs $898M |
MYR Group benefits from surging data center construction, driving record backlog and significant margin expansion. The Commercial & Industrial segment now leads revenue growth, with 32.9% YoY revenue and 114% EBIT increases, boosting overall profitability. Shifting to fixed-price contracts in MYRG's new business is accelerating margin growth, with incremental gross margins hitting 21.5% in Q2.
AGX and MYRG are riding power infrastructure demand, but differing growth, backlogs and valuations raise a key investment question.
Investors need to pay close attention to MYRG stock based on the movements in the options market lately.
MYRG's record $3.16B backlog and rising order activity point to sustained growth, with acquisitions adding C&I capabilities and reach.
Benchmark MYRG against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for MYR Group Inc. (MYRG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $288.45 | $4.49B | 38.31 | 8.79% | 3.24% | 18.78% | — | |
| $642.61 | $96.43B | 94.50 | 19.76% | 4.08% | 14.73% | — | |
| $76.91 | $4.17B | 15.32 | 18.97% | 1.92% | 8.46% | — | |
| $80.22 | $1.21B | 22.99 | 20.46% | 8.8% | 20.92% | — | |
| $10.03 | $282.13M | -9.46 | 5.64% | -0.3% | -1.86% | — | |
| $17.00 | $1.14B | 15.74 | 16.47% | 8.27% | 14.83% | — |
MYR Group Inc. (MYRG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
MYR Group Inc. (MYRG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 7, 2026·SEC
Jul 29, 2026·SEC
May 28, 2026·SEC
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MYR Group Inc. (MYRG) stock FAQ — growth, dividends, profitability & financials explained
MYR Group Inc. (MYRG) reported $4.01B in revenue for fiscal year 2025. This represents a 6599% increase from $59.8M in 1989.
MYR Group Inc. (MYRG) grew revenue by 8.8% over the past year. This is steady growth.
Yes, MYR Group Inc. (MYRG) is profitable, generating $165.3M in net income for fiscal year 2025 (3.2% net margin).
MYR Group Inc. (MYRG) has a return on equity (ROE) of 18.8%. This is reasonable for most industries.
MYR Group Inc. (MYRG) generated $193.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
