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MYRG 
MYR Group Inc (MYRG)
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Upturn Advisory Summary
02/19/2026: MYRG (3-star) is a STRONG-BUY. BUY since 30 days. Simulated Profits (14.91%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
5 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $254.33
1 Year Target Price $254.33
| 4 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.05B USD | Price to earnings Ratio 42.35 | 1Y Target Price 254.33 |
Price to earnings Ratio 42.35 | 1Y Target Price 254.33 | ||
Volume (30-day avg) 5 | Beta 1.17 | 52 Weeks Range 97.72 - 283.69 | Updated Date 02/19/2026 |
52 Weeks Range 97.72 - 283.69 | Updated Date 02/19/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 6.16 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-02-25 | When - | Estimate 1.86 | Actual - |
Profitability
Profit Margin 2.78% | Operating Margin (TTM) 4.71% |
Management Effectiveness
Return on Assets (TTM) 5.24% | Return on Equity (TTM) 16.22% |
Valuation
Trailing PE 42.35 | Forward PE - | Enterprise Value 4295234374 | Price to Sales(TTM) 1.15 |
Enterprise Value 4295234374 | Price to Sales(TTM) 1.15 | ||
Enterprise Value to Revenue 1.22 | Enterprise Value to EBITDA 20.02 | Shares Outstanding 15522834 | Shares Floating 15228987 |
Shares Outstanding 15522834 | Shares Floating 15228987 | ||
Percent Insiders 1.8 | Percent Institutions 102.14 |
Upturn AI SWOT
MYR Group Inc
Company Overview
History and Background
MYR Group Inc. was founded in 1945. It has a long history of providing specialized electrical contracting services. Over the decades, the company has grown through a combination of organic expansion and strategic acquisitions, diversifying its service offerings and geographic reach. Key milestones include its initial public offering and numerous significant project completions across various industries.
Core Business Areas
- Transmission, Distribution, and Grid Services: This segment involves the construction, maintenance, and upgrade of electrical transmission and distribution infrastructure, including high-voltage power lines, substations, and related facilities. They serve utilities, municipalities, and industrial clients.
- Commercial, Industrial, and Specialty Services: This segment offers a broad range of electrical construction and related services for commercial and industrial facilities, data centers, healthcare, and educational institutions. Services include power, lighting, telecommunications, and building automation systems.
Leadership and Structure
MYR Group Inc. operates with a corporate headquarters overseeing its various operating segments and subsidiary companies. The leadership team includes a CEO, CFO, and other senior executives responsible for strategic direction and operational management. The company's structure allows for decentralized execution by its specialized operating units.
Top Products and Market Share
Key Offerings
- Infrastructure Construction and Maintenance: Services related to the building and upkeep of electrical grids, including transmission lines, substations, and distribution networks. Competitors include Quanta Services (PWR), MasTec (MTZ), and others in the utility construction space. Market share data for specific services is not publicly granularly disclosed.
- Commercial & Industrial Electrical Contracting: Comprehensive electrical solutions for commercial, industrial, and institutional projects, such as data centers, manufacturing plants, and healthcare facilities. Competitors include numerous regional and national electrical contractors. Specific market share for MYR Group within this broad segment is difficult to quantify.
Market Dynamics
Industry Overview
MYR Group operates within the electrical contracting and infrastructure services industry, which is influenced by utility capital spending, renewable energy development, industrial automation, and commercial construction trends. The demand for grid modernization, expansion of renewable energy sources, and the need for robust electrical infrastructure are key drivers.
Positioning
MYR Group is positioned as a significant player in the electrical contracting sector, particularly strong in transmission and distribution infrastructure and expanding its presence in commercial and industrial projects. Its competitive advantages include a diversified service offering, a strong safety record, experienced workforce, and a history of successful project execution.
Total Addressable Market (TAM)
The TAM for electrical infrastructure and construction services in the US is estimated to be in the hundreds of billions of dollars, driven by ongoing grid modernization, renewable energy integration, and infrastructure upgrades. MYR Group, with its specialized services, targets a substantial portion of this market but does not hold a dominant share, indicating significant room for growth.
Upturn SWOT Analysis
Strengths
- Strong reputation for safety and quality in electrical construction.
- Diversified service offerings across transmission, distribution, and commercial/industrial sectors.
- Experienced management team and skilled workforce.
- History of successful project execution and client relationships.
- Strategic acquisitions that expand capabilities and market reach.
Weaknesses
- Dependence on utility capital expenditures, which can be cyclical.
- Potential for project delays and cost overruns in large-scale projects.
- Competition from larger and smaller specialized contractors.
- Labor availability and skilled workforce challenges.
Opportunities
- Increasing investment in grid modernization and hardening across the US.
- Growth in renewable energy projects (solar, wind) requiring extensive electrical infrastructure.
- Expansion into new geographic markets and service areas.
- Demand for data center construction and upgrades.
- Infrastructure spending initiatives by government.
Threats
- Economic downturns impacting construction and infrastructure spending.
- Rising material and labor costs.
- Increased regulatory scrutiny and environmental compliance requirements.
- Intense competition leading to pricing pressures.
- Disruption from new technologies or alternative energy solutions.
Competitors and Market Share
Key Competitors
- Quanta Services Inc. (PWR)
- MasTec Inc. (MTZ)
Competitive Landscape
MYR Group competes in a fragmented market with larger, well-established players like Quanta Services and MasTec, as well as numerous regional and local electrical contractors. Its advantages lie in its specialized expertise, strong client relationships, and ability to handle complex projects. However, it faces competition on price and scale from larger rivals.
Major Acquisitions
Dynalectric Company
- Year: 2006
- Acquisition Price (USD millions):
- Strategic Rationale: Acquired to expand the company's presence and capabilities in the commercial and industrial electrical contracting sector, particularly in key geographic regions.
Summit Utility Constructors, LLC
- Year: 2014
- Acquisition Price (USD millions):
- Strategic Rationale: Strengthened MYR Group's position in the transmission and distribution sector, adding capacity and expertise for utility infrastructure projects.
Growth Trajectory and Initiatives
Historical Growth: MYR Group has exhibited steady historical growth, driven by a strong backlog of work and successful integration of acquisitions. The company has consistently expanded its service capabilities and geographic reach.
Future Projections: Analyst projections generally indicate continued revenue growth for MYR Group, supported by ongoing infrastructure investments and the increasing demand for renewable energy integration. Profitability is also expected to trend upwards, though subject to project execution and market conditions.
Recent Initiatives: Recent initiatives likely include expanding service offerings in high-growth areas like data centers and renewable energy infrastructure, pursuing strategic acquisitions to enhance market position, and investing in technology and training to improve operational efficiency and safety.
Summary
MYR Group Inc. is a robust electrical contractor with strong capabilities in utility infrastructure and commercial/industrial projects. The company benefits from growing demand for grid modernization and renewable energy, backed by a solid history of execution and strategic acquisitions. Key areas for attention include managing project costs, navigating cyclical utility spending, and capitalizing on expanding market opportunities in new energy sectors to maintain its competitive edge.
Similar Stocks
Sources and Disclaimers
Data Sources:
- MYR Group Inc. Investor Relations
- SEC Filings (10-K, 10-Q)
- Financial News Outlets (e.g., Bloomberg, Wall Street Journal)
- Industry Analyst Reports
Disclaimers:
This information is for informational purposes only and does not constitute financial advice. Stock market investments involve risks, and past performance is not indicative of future results. Investors should conduct their own due diligence or consult with a qualified financial advisor before making any investment decisions.
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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