MYR Group Inc logo

MYR Group Inc(MYRG)

Top Performer Top performer
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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
4-STAR RATING
PASS
LAST CLOSE
$282.62
10/30/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for MYRG

10/30/2026: MYRG (4-star) is currently NOT-A-BUY. Pass it for now.

MYR Group Inc is an electrical infrastructure contractor that provides essential construction services to utility and commercial clients. The company is well-positioned to benefit from long-term trends like grid modernization, renewable energy, and the rise of data centers, which drive steady demand for its services. While the company maintains a solid reputation and a healthy project backlog, it operates in a competitive industry with thin margins that are sensitive to labor costs and execution risks. Investors should monitor project backlog growth and management's ability to navigate inflation. MYR Group may suit growth-oriented investors, though it offers no dividend, making it less suitable for income-focused portfolios.

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 styleFitWhy
Growth investorStrong fitMYR Group benefits from long-term secular trends in energy infrastructure and grid modernization.
Momentum investorMixed fitThe stock tends to trend with utility capital spending cycles, making it conditional on positive sector momentum.
Value investorStrong fitThe company often trades at reasonable valuation multiples relative to its earnings growth potential.
Dividend investorWeak fitMYR Group does not pay a dividend, making it unsuitable for income-focused portfolios.
Low-risk investorMixed fitWhile established, the construction industry is inherently volatile and sensitive to economic and regulatory cycles.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highConstruction stocks are sensitive to interest rate changes and shifts in government infrastructure policy.
Valuation riskMediumMarket expectations for infrastructure spend are already high, leaving less margin for execution errors.
Competition risk (Infrastructure Services)HighLarge competitors like Quanta Services have significant scale advantages in bidding for mega-projects.
Business qualityMediumProfit margins in contracting are thin and depend heavily on project management and labor productivity.
Dividend incomeLow / noneThe absence of a dividend removes the defensive cushion of regular income payments.
Execution riskMedium / highUnexpected costs or delays in large-scale utility projects can materially impact quarterly profitability.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit 173.71%
Avg. Invested days 51
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/30/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MYRG receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
MYRG has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+291.3%) and solid cash generation (FCF margin 6.3%) are partially offset by moderate revenue growth (+8.8%), soft profitability (net margin 3.2%), modest insider ownership of 1.85%.

Financial Health Rating

★★★★★
MYRG's financial health is supported by solid cash strength, including free-cash-flow generation (6.3% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is MYRG's strongest growth driver at +1977.4% FY2025 versus FY2024 (strong, 5 stars). By comparison, earnings growth (+291.3%, strong) is also strong, while revenue growth (+8.8%, moderate) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 104.2% and approximately 98.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.85% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 15.82%
Vanguard Portfolio Management, LLC 5.34%
Vanguard Capital Management, LLC 4.43%
State Street Corp 4.02%
Geode Capital Management, LLC 3.63%

Unit Economics (Per $1K Revenue)

★★★★★
MYRG generates approximately $115 of gross profit, $44 of operating income, and $63 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Weak margins explain the 2-star rating, with solid cash conversion and solid capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 26.58%

Quantitative Style Profile

★★★★★
MYRG has a high-quality, liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedQuality TiltHigh VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.40B USD
Price to earnings Ratio 22.98
1Y Target Price 370.2
Price to earnings Ratio 22.98
1Y Target Price 370.2
Volume (30-day avg) 264.1K shares
Beta 1.32
52 Weeks Range 199.31 - 503.57
Updated Date 11/01/2026
52 Weeks Range 199.31 - 503.57
Updated Date 11/01/2026
Dividends yield (FY) -
Basic EPS (TTM) 12.3

How Company Makes Money

Business areaWhat it includesRetail investor read
Transmission & DistributionConstruction and maintenance of electrical grids.This is the core business that benefits directly from long-term utility grid spending.
Commercial & IndustrialElectrical work for buildings, data centers, and factories.Provides diversification beyond utilities by tapping into commercial facility demand.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2026-10-28
When After Market
Estimate 3.09
Actual 3.82

Profitability

Profit Margin 4.48%
Operating Margin (TTM) 6.65%

Management Effectiveness

Return on Assets (TTM) 8.71%
Return on Equity (TTM) 26.9%

Valuation

Trailing PE 22.98
Forward PE 19.34
Enterprise Value 4.66B
Price to Sales(TTM) 1.02
Enterprise Value 4.66B
Price to Sales(TTM) 1.02
Enterprise Value to Revenue 1.08
Enterprise Value to EBITDA 13.57
Shares Outstanding 15.57M
Shares Floating 15.30M
Shares Outstanding 15.57M
Shares Floating 15.30M
Percent Insiders 1.85
Percent Institutions 104.18

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon 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)

Information icon 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)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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