MYRG
IndustrialsMYR Group Inc. · Engineering & Construction · $7B
What is MYR Group Inc.?
MYR Group Inc. is a mid-cap electrical construction company serving utilities, commercial clients, and industrial facilities across the United States and Canada. Its work spans the full lifecycle of electrical infrastructure — from initial design through long-term maintenance.
The company operates through two segments. Its Transmission and Distribution segment builds and maintains high-voltage transmission lines, substations, underground distribution systems, and renewable energy facilities for electric utilities and independent power producers. The Commercial and Industrial segment handles wiring, lighting, and electrical systems for airports, hospitals, data centers, stadiums, and similar large-scale facilities. Revenue is generated through project contracts, maintenance agreements, and emergency restoration services.
MYR Group was incorporated in 2008 and is headquartered in Henderson, Nevada.
- Electric transmission line construction and maintenance
- Substation design, engineering, and procurement
- Underground and overhead distribution systems
- Commercial and industrial electrical wiring and installation
- Emergency storm restoration services
Is MYRG a Good Stock to Buy?
UQS Score rates MYRG as Good overall, reflecting a balanced profile with meaningful strengths and some areas of caution.
The Risk pillar stands out as the clearest positive — MYRG carries a Strong rating there, suggesting the company manages financial and operational exposures well relative to peers. The Growth pillar also earns a Good rating, supported by the ongoing buildout of electrical infrastructure and rising demand for grid modernization and renewable energy connections.
The Moat pillar is rated Weak, indicating limited structural competitive advantages that would protect margins over the long term. The Quality and Valuation pillars both sit at Neutral, suggesting neither a compelling discount nor a standout business quality profile.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does MYRG pay dividends?
No — MYR Group Inc. does not currently pay a dividend.
MYRG does not currently pay a dividend. For a project-driven electrical contractor, retaining capital to fund equipment, bonding capacity, and bid pipelines is a common strategic choice. Investors seeking income from this sector should factor in the absence of a dividend when comparing MYRG to other industrials holdings.
When does MYRG report earnings?
MYR Group reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Results tend to reflect seasonal construction activity, project mix between the two segments, and the pace of utility capital spending. The Commercial and Industrial segment can introduce variability depending on large project timing and regional demand cycles.
For the most recent quarter's results and guidance, visit MYR Group's investor relations page directly.
MYRG Price History
+284.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in MYR Group Inc.?
Based on MYR Group Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
MYRG Long-term Outlook
The fundamental outlook for MYRG is shaped by two durable tailwinds: grid modernization spending by electric utilities and the continued expansion of renewable energy infrastructure requiring transmission connections. The Good Growth pillar rating reflects these demand drivers. However, the Weak Moat rating is a reminder that contract-based construction businesses face ongoing competitive bidding pressure, which can compress margins. The Strong Risk rating provides some confidence that the company is not overextended financially as it pursues growth.
Growth drivers
- Accelerating utility investment in grid upgrades and hardening
- Renewable energy project connections driving T&D demand
- Large commercial construction pipeline including data centers and hospitals
Key risks
- Competitive bidding environment limiting pricing power
- Project execution risk and cost overruns on fixed-price contracts
- Cyclical slowdown in commercial construction spending
MYRG vs Peers
MYRG competes in the broader infrastructure and specialty construction space alongside several larger contractors.
Granite Construction focuses primarily on civil infrastructure such as roads and bridges, giving it a different end-market mix than MYRG's electrical specialization.
KBR operates across government services and technology solutions globally, making it a more diversified and internationally oriented contractor than MYRG.
Tutor Perini handles large civil and building construction projects, competing with MYRG's commercial segment but with a broader scope across transportation and institutional work.
Frequently Asked Questions
What does MYR Group do?
MYR Group provides electrical construction services across two segments. The Transmission and Distribution segment builds and maintains power lines, substations, and renewable energy connections for utilities. The Commercial and Industrial segment installs and maintains electrical systems for airports, hospitals, data centers, and stadiums across the US and Canada.
Does MYRG pay dividends?
MYRG does not currently pay a dividend. The company retains earnings to support its project pipeline, bonding requirements, and capital needs as an electrical contractor. Investors focused on income should note this when evaluating MYRG against dividend-paying industrials peers.
When does MYRG report earnings?
MYR Group follows a standard quarterly earnings cadence for US-listed companies. Results can vary based on seasonal construction activity and project timing across its two segments. For the most current schedule, check MYR Group's investor relations page.
Is MYRG a good stock to buy?
UQS Score rates MYRG as Good overall. The company earns a Strong Risk rating and a Good Growth rating, supported by grid modernization and renewable energy tailwinds. The Weak Moat rating is a consideration for investors focused on long-term competitive durability. The complete pillar breakdown is available to Pro members.
Is MYRG overvalued?
MYRG's Valuation pillar is rated Neutral, meaning the stock does not appear to trade at a significant premium or discount relative to its fundamentals based on the UQS framework. Investors can view the full valuation metrics by signing up for a Pro account.
How does MYRG compare to its competitors?
MYRG is more narrowly focused on electrical construction than peers like KBR or Granite Construction, which operate across broader infrastructure and government services markets. That specialization gives MYRG direct exposure to utility capital spending cycles but less diversification across end markets.
What is MYRG's market cap bracket?
MYRG is classified as a mid-cap company. This places it in a range where it has meaningful scale to pursue large utility and commercial contracts, while remaining smaller and more nimble than the largest diversified engineering and construction conglomerates.
Who founded MYR Group?
MYR Group was incorporated in 2008, though its operating subsidiaries have roots that trace back further in the electrical contracting industry. For detailed founding history, the company's investor relations materials and public filings provide the most accurate account.
Is MYRG a long-term quality indicator?
As a long-term quality indicator, MYRG's profile is mixed. The Strong Risk and Good Growth ratings point to financial discipline and exposure to durable infrastructure spending trends. The Weak Moat rating, however, suggests the business lacks strong structural barriers that would protect returns over a full market cycle. Pro members can view the complete analysis.
What is the main competitive advantage of MYR Group?
MYRG's primary advantage lies in its operational specialization and geographic reach across electrical construction — a technically demanding field requiring licensed crews, bonding capacity, and established utility relationships. However, the UQS Moat pillar rates this as Weak, reflecting that these advantages do not fully insulate the company from competitive bidding pressure.
What sector does MYRG belong to?
MYRG operates in the Industrials sector, specifically within specialty construction and electrical contracting. Its revenue is closely tied to utility capital expenditure cycles, commercial real estate activity, and government infrastructure investment — making it sensitive to broader economic and energy policy trends.
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Pro Analysis
MYRG — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 7, 2026 | 58.5 | 58.1 | 31.0 | 78.8 | 84.3 | 51.8 | -0.3 |
| May 4, 2026 | 58.8 | 58.7 | 31.0 | 78.8 | 84.3 | 53.2 | +0.2 |
| May 3, 2026 | 58.6 | 58.7 | 31.0 | 78.7 | 84.3 | 52.0 | -1.1 |
| May 2, 2026 | 59.7 | 58.7 | 31.0 | 78.7 | 84.3 | 59.0 | +0.4 |
| Apr 26, 2026 | 59.3 | 58.7 | 31.0 | 77.7 | 84.3 | 57.9 | -0.1 |
| Apr 24, 2026 | 59.4 | 58.7 | 31.0 | 77.7 | 84.3 | 58.6 | 0.0 |
| Apr 19, 2026 | 59.4 | 58.7 | 31.0 | 77.7 | 84.3 | 58.3 | -0.1 |
| Apr 18, 2026 | 59.5 | 59.0 | 31.0 | 76.9 | 84.3 | 59.7 | -0.9 |
| Apr 12, 2026 | 60.4 | 59.0 | 31.0 | 76.9 | 84.3 | 65.6 | -0.5 |
| Apr 11, 2026 | 60.9 | 59.0 | 31.0 | 76.9 | 84.3 | 69.3 | -0.2 |
MYRG — Pillar Breakdown
Quality
— 58.7/100 (25%)MYR Group Inc. shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 78.8/100 (20%)MYR Group Inc. is growing rapidly with strong revenue and earnings expansion.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 84.1/100 (15%)MYR Group Inc. carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 48.7/100 (15%)MYR Group Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 31/100 (25%)MYR Group Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MYRG.
Score Composition
Financial Data
More Stock Analysis
How is the MYRG UQS Score Calculated?
The UQS (Unified Quality Score) for MYR Group Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses MYR Group Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether MYR Group Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.