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MYR Group Inc(MYRG)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for MYRG
10/02/2026: MYRG (4-star) is currently NOT-A-BUY. Pass it for now.
MYR Group is a major North American specialty electrical contractor that focuses on critical transmission, distribution, and commercial infrastructure. The company benefits from a strong secular tailwind in grid modernization and data center power expansion, which has led to a record project backlog. While its deep expertise in high-voltage work provides a competitive edge, the business faces risks from thin construction margins and skilled labor shortages. The company is best suited for growth-oriented investors looking for exposure to infrastructure development. Stakeholders should monitor utility capital expenditure budgets and the company's ability to maintain margins in an inflationary environment.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company is a beneficiary of structural long-term demand for energy infrastructure and grid modernization. |
| Momentum investor | Mixed fit | The stock tends to trend with infrastructure spending cycles; conditional on a positive market upturn. |
| Value investor | Strong fit | The company often trades at valuations that reflect stable, predictable long-term utility infrastructure demand. |
| Dividend investor | Weak fit | MYR Group does not pay a cash dividend. |
| Low-risk investor | Mixed fit | Construction services carry inherent operational risks, though utility-backed revenue provides a degree of stability. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock can be sensitive to sector-specific news regarding utility spending and industrial activity. |
| Valuation risk | Medium | Market expectations for infrastructure spending growth are often priced into the stock's valuation multiples. |
| Competition risk (Infrastructure construction) | High | Large competitors like Quanta possess greater scale and can challenge MYR Group for major project awards. |
| Business quality | Medium | The business benefits from long-term utility contracts but operates with thin margins typical of the construction sector. |
| Dividend income | Low / none | Investors seeking immediate income will not find a yield here. |
| Execution risk | Medium / high | Large, complex utility projects are subject to potential cost overruns and operational delays. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 130.75% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/02/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.64B USD | Price to earnings Ratio 27.77 | 1Y Target Price 412 |
Price to earnings Ratio 27.77 | 1Y Target Price 412 | ||
Volume (30-day avg) 272.6K shares | Beta 1.31 | 52 Weeks Range 190.14 - 503.57 | Updated Date 10/02/2026 |
52 Weeks Range 190.14 - 503.57 | Updated Date 10/02/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 10.73 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Transmission & Distribution (T&D) | Construction of high-voltage transmission lines, substations, and utility distribution networks. | This is the core business; it grows as utilities invest in the grid. |
| Commercial & Industrial (C&I) | Electrical infrastructure for buildings, data centers, and industrial facilities. | This segment diversifies income away from pure utility spending. |
| Geography | Primarily North American operations with a focus on regional U.S. markets. | The company is a play on U.S. infrastructure and energy trends. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 27.77 | Forward PE 21.74 | Enterprise Value 4.52B | Price to Sales(TTM) 1.16 |
Enterprise Value 4.52B | Price to Sales(TTM) 1.16 | ||
Enterprise Value to Revenue 1.13 | Enterprise Value to EBITDA 15.3 | Shares Outstanding 15.57M | Shares Floating 15.30M |
Shares Outstanding 15.57M | Shares Floating 15.30M | ||
Percent Insiders 1.87 | Percent Institutions 103.6 |
Upturn AI Summary
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.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About MYR Group Inc
Exchange NASDAQ | Headquarters 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 9000 | Website https://www.myrgroup.com |
Full time employees 9000 | Website https://www.myrgroup.com | ||
MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company operates through two segments: Transmission and Distribution, and Commercial and Industrial. Its 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 storm, 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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