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MYR Group Inc (MYRG)



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Upturn Advisory Summary
10/14/2025: MYRG (3-star) is a STRONG-BUY. BUY since 12 days. Simulated Profits (-0.46%). Updated daily EoD!
1 Year Target Price $218
1 Year Target Price $218
4 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 97.41% | Avg. Invested days 66 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.20B USD | Price to earnings Ratio 43.28 | 1Y Target Price 218 |
Price to earnings Ratio 43.28 | 1Y Target Price 218 | ||
Volume (30-day avg) 5 | Beta 1.19 | 52 Weeks Range 97.72 - 220.01 | Updated Date 10/14/2025 |
52 Weeks Range 97.72 - 220.01 | Updated Date 10/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 4.76 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-10-22 | When - | Estimate 1.98 | Actual - |
Profitability
Profit Margin 2.21% | Operating Margin (TTM) 4.35% |
Management Effectiveness
Return on Assets (TTM) 4.37% | Return on Equity (TTM) 12.56% |
Valuation
Trailing PE 43.28 | Forward PE - | Enterprise Value 3266292467 | Price to Sales(TTM) 0.93 |
Enterprise Value 3266292467 | Price to Sales(TTM) 0.93 | ||
Enterprise Value to Revenue 0.95 | Enterprise Value to EBITDA 17.29 | Shares Outstanding 15522834 | Shares Floating 15225106 |
Shares Outstanding 15522834 | Shares Floating 15225106 | ||
Percent Insiders 1.81 | Percent Institutions 101.91 |
Upturn AI SWOT
MYR Group Inc

Company Overview
History and Background
MYR Group Inc. was founded in 1891 as Hatfield Electric Company. Over time, it evolved through various acquisitions and expansions, ultimately becoming a leading specialty contractor serving the electrical infrastructure industry in the United States and Canada.
Core Business Areas
- Transmission and Distribution (T&D): Provides engineering, procurement, and construction (EPC) services for high-voltage power delivery infrastructure, including substations, transmission lines, and distribution systems.
- Commercial and Industrial (C&I): Offers electrical construction services for commercial, industrial, and institutional facilities, including renewable energy projects, data centers, and healthcare facilities.
Leadership and Structure
MYR Group Inc. is led by a Board of Directors and an executive management team. The organizational structure is divided into the T&D and C&I segments, each with its own operational and management teams.
Top Products and Market Share
Key Offerings
- High-Voltage Infrastructure: Includes construction and maintenance of transmission lines, substations, and distribution systems. While precise market share data is elusive, MYR Group is a significant player in this segment. Competitors include Quanta Services (PWR) and MasTec (MTZ).
- Commercial Electrical Construction: Encompasses electrical construction for commercial buildings, data centers, and renewable energy projects. Market share varies by region and project type. Key competitors include Rosendin Electric and Cupertino Electric.
Market Dynamics
Industry Overview
The electrical infrastructure industry is experiencing growth driven by increasing demand for electricity, grid modernization efforts, and the expansion of renewable energy sources.
Positioning
MYR Group Inc. is a well-established player with a strong reputation for quality and safety. Its expertise in both T&D and C&I positions it favorably to capitalize on industry growth.
Total Addressable Market (TAM)
The total addressable market for electrical infrastructure construction and maintenance is estimated to be in the tens of billions of dollars annually. MYR Group is positioned to capture a portion of this TAM through its diverse service offerings and geographic reach.
Upturn SWOT Analysis
Strengths
- Strong reputation and brand recognition
- Diversified service offerings (T&D and C&I)
- Experienced management team
- National presence
- Strong safety record
Weaknesses
- Dependence on economic cycles
- Project delays and cost overruns
- Labor shortages
- Competition for projects can be fierce and drive down margins.
Opportunities
- Increasing demand for renewable energy infrastructure
- Government investments in grid modernization
- Expansion into new geographic markets
- Acquisition of complementary businesses
Threats
- Economic downturns
- Fluctuations in commodity prices (e.g., copper)
- Increased competition
- Changes in government regulations
Competitors and Market Share
Key Competitors
- Quanta Services (PWR)
- MasTec (MTZ)
- Rosendin Electric
- Cupertino Electric
Competitive Landscape
MYR Group Inc. competes with other specialty contractors on the basis of price, quality, safety, and expertise. Its diversified service offerings and strong reputation are key competitive advantages.
Major Acquisitions
Stellar Infrastructure
- Year: 2019
- Acquisition Price (USD millions): 37.5
- Strategic Rationale: Expanded MYR Group's presence in the Southwest and added capabilities in fiber optic installation.
Growth Trajectory and Initiatives
Historical Growth: MYR Group Inc.'s growth has been driven by organic expansion and strategic acquisitions.
Future Projections: Future growth is projected to be driven by the factors mentioned above, particularly the demand for renewable energy and grid modernization.
Recent Initiatives: Recent strategic initiatives include expanding into new geographic markets and acquiring companies with complementary capabilities.
Summary
MYR Group is a stable company benefiting from increased demand for electrical infrastructure. Its strengths lie in its diverse services and reputation. However, it needs to manage project costs and labor challenges. Expansion into renewable energy projects presents significant opportunities for future growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- MYR Group Inc. Investor Relations
- SEC Filings (10-K, 10-Q)
- Industry Reports
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MYR Group Inc
Exchange NASDAQ | Headquaters Thornton, CO, United States | ||
IPO Launch date 2008-08-13 | President, CEO & Director Mr. Richard S. Swartz Jr. | ||
Sector Industrials | Industry Engineering & Construction | Full time employees 8500 | Website https://www.myrgroup.com |
Full time employees 8500 | Website https://www.myrgroup.com |
MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates through two segments: Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice, or other related damages. This segment serves as prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of intelligent transportation systems, roadway lighting, and signalization for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, and electric vehicle charging infrastructure. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. MYR Group Inc. was founded in 1891 and is headquartered in Thornton, Colorado.

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