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Specialty electrical contractor building and maintaining power transmission/distribution lines and commercial electrical systems.
Specialty electrical contractor building and maintaining power transmission/distribution lines and commercial electrical systems.
Bills utilities and developers under fixed-price, unit-price and time-and-materials contracts, with master service agreements for upkeep and storm repair giving repeat work. Transmission and distribution for power companies is the larger of its two segments, and the commercial electrical arm is more tied to construction cycles.
Moat: narrow (scale, process know-how). Scale, safety record and skilled-labor availability matter more than pricing in specialized utility construction.
Headquarters: Rolling Meadows, Illinois, US · Founded: 1891 · Employees: 9,000
Size MYR (MYRG) is a United States Industrials company (Engineering & Construction) with a market value of $4.09B, the 1335th largest of 3,117 United States companies the cockpit tracks. Shares closed at $262.91 on 6 Nov 2026.
Performance Over six months the shares fell 40.0%, against -12.5% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 22.8% over the last twelve months (peer median +6.9%); the operating margin is 6.0% (peer median 8.5%).
Valuation It trades at 18.1× forward earnings against a peer median of 19.4× (10th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.9 points above its cost of capital (11.3% WACC).
Backlog Backlog (remaining performance obligations) was $3.37B at 30 Sep 2026, up 44% on a year earlier — 0.8 years of trailing revenue. Backlog detail →
Short interest Short interest is 5.0% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.31B | $3.66B | $3.36B | $3.64B | $3.01B |
| Revenue growth | — | +9% | -8% | +21% | — |
| Gross profit | $550M | $419M | $285M | $359M | $335M |
| EBITDA | $337M | $229M | $112M | $184M | $171M |
| Net income | $193M | $118M | $30.3M | $91.0M | $83.4M |
| Free cash flow | $137M | $232M | $11.2M | -$13.7M | $90.4M |
| Capital expenditure | $112M | $94.4M | $75.9M | $84.7M | $77.1M |
| Total debt | $281M | $104M | $120M | $73.6M | $74.5M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| MYR MYRG | $4.09B | -40% | +23% | 6% | 18.1× | 14.0% |
| Quanta Services PWR | $81.5B | -27% | +37% | 7% | 26.4× | 24.3% |
| MasTec MTZ | $14.0B | -58% | +26% | 5% | 15.0× | 21.6% |
| Primoris Services PRIM | $3.52B | -38% | -5% | 3% | 13.7× | 22.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MYRG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.4% | -4.8% | 6th lowest of 21 |
| 6-month return | -40.0% | -12.5% | 4th lowest of 21 |
| Distance from 52-week high | -47.8% | -39.4% | 7th lowest of 21 |
| Revenue growth (TTM) | +22.8% | +6.9% | 8th highest of 21 |
| Operating margin | 6.0% | 8.5% | 6th lowest of 21 |
| Forward P/E | 18.1× | 19.4× | 10th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 14.0% | 4.9% | 2nd most demanding of 16 |
| Growth delivered (Del g) | +10.2% | +11.5% | 7th lowest of 16 |
| Hurdle (Req g minus delivered) | +3.8 pp | -5.9 pp | 2nd most demanding of 16 |
| ROIC minus cost of capital | +7.9 pp | +2.4 pp | 5th highest of 19 |
| EV / EBITDA | 12.9× | 10.2× | 4th most expensive of 12 |
| Net debt / EBITDA | 0.8× | 2.1× | 6th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MYR MYRG | United States | $4.09B | -40% | +23% | 6% | 18.1× | 14.0% | +10.2% |
| Guangdong Provincial Expressway Development 000429.SZ | China | $4.01B | +9% | +1% | 58% | 18.2× | n/a | n/a |
| Zhejiang Weiming Environment Protection 603568.SS | China | $4.01B | -27% | -25% | 36% | 11.0× | 6.4% | +15.0% |
| Exponent EXPO | United States | $3.99B | +37% | +15% | 21% | 32.6× | 10.8% | +7.8% |
| Wuxi Taiji Industry 600667.SS | China | $3.98B | +32% | -14% | 3% | 21.9× | 13.0% | +11.5% |
| China Nuclear Engineering and Construction 601611.SS | China | $4.22B | -29% | -14% | 4% | 26.9× | n/a | n/a |
| Offshore Oil Engineering 600583.SS | China | $4.22B | -6% | +7% | 8% | 12.1× | n/a | n/a |
| Rail Vikas Nigam RVNL.NS | India | $4.27B | -37% | +5% | 4% | 46.0× | n/a | n/a |
| Everus Construction ECG | United States | $3.91B | -53% | +33% | 8% | 12.2× | 13.9% | +11.5% |
| China Everbright Environment 0257.HK | Hong Kong | $3.91B | -11% | -5% | 29% | 7.0× | -0.1% | -8.5% |
| Argan AGX | United States | $3.89B | -59% | +29% | 15% | 20.5× | 0.3% | +19.2% |
| Guangdong Hongda 002683.SZ | China | $3.86B | -7% | +15% | 10% | 23.7× | 4.9% | +26.1% |
| Koninklijke BAM Groep BAMNB.AS | Netherlands | $3.85B | +37% | +7% | 3% | 11.5× | -5.2% | +0.8% |
| Construction Partners ROAD | United States | $4.38B | -45% | +42% | 9% | 26.5× | 12.5% | +29.1% |
| L&K Engineering 6139.TW | Taiwan | $3.81B | -23% | +78% | 17% | 6.5× | -9.1% | +41.0% |
| Arcadis ARCAD.AS | Netherlands | $4.42B | +31% | -1% | 6% | 15.0× | 5.5% | +8.1% |
| Central New Energy 1735.HK | Hong Kong | $4.42B | -11% | +76% | 1% | 63.1× | n/a | n/a |
| INFRONEER 5076.T | Japan | $4.44B | +2% | +44% | 6% | 6.2× | 0.0% | +10.7% |
| China Southern Power Grid Technology 688248.SS | China | $3.71B | -20% | +28% | 12% | 47.6× | 25.8% | +27.0% |
| Sacyr SCYR.MC | Spain | $3.58B | -14% | +6% | 24% | 20.5× | -5.4% | +0.5% |
| Comsys 1721.T | Japan | $3.55B | -15% | +4% | 8% | 13.3× | -0.7% | +2.3% |
MYR reported $3.37B of remaining performance obligations at 30 Sep 2026, up 44% from a year earlier and up 19% from the previous quarter. That is 0.8 years of trailing revenue already under contract. Book-to-bill last quarter: 1.43.