The strong results and positive 2026 guidance suggest continued momentum in Everus's core markets. Traders should monitor the execution of this guidance, particularly in the electrical and mechanical segment which drove most of the growth. The company's low net leverage of 0.4x provides financial flexibility for strategic acquisitions.
Price Chart
Executive Summary
Everus Construction Group reported strong fourth quarter and full-year 2025 results with revenue of $1.01 billion (up 33.1% YoY) and diluted EPS of $1.08 (up 61.2% YoY). Full-year revenue reached $3.75 billion (up 31.5%) with diluted EPS of $3.95 (up 40.6%). The company initiated 2026 guidance with revenue expected between $4.1 billion and $4.2 billion and EBITDA between $320 million and $335 million.
Key Financial Metrics
Key Facts
- Q4 2025 revenue was $1.01 billion, up 33.1% YoY
- Q4 2025 diluted EPS was $1.08, up 61.2% YoY
- Full-year 2025 revenue was $3.75 billion, up 31.5% YoY
- Full-year 2025 diluted EPS was $3.95, up 40.6% YoY
- 2026 revenue guidance is $4.1 billion to $4.2 billion
- 2026 EBITDA guidance is $320 million to $335 million
- Backlog increased 16.1% to $3.23 billion as of Dec. 31, 2025
Financial Impact
Revenue increased 31.5% to $3.75 billion for full-year 2025, with EPS up 40.6% to $3.95. 2026 revenue guidance of $4.1-$4.2 billion represents 9.3%-12.0% growth over 2025.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Electrical and Mechanical | $2.9B | +43.8% |
| Transmission and Distribution | $848.5M | +1.4% |
Risk Factors
- Guidance is forward-looking and subject to market conditions
- SGA expenses increased significantly, which could impact future margins
- Free cash flow decreased to $100 million in 2025 from $128.8 million in 2024
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0002015845-26-000007 |
| Document: ecg-20260224.htm | 0002015845-26-000007 |
| Document: 0002015845-26-000007-index-headers.html | 0002015845-26-000007 |
| Document: 0002015845-26-000007-index.html | 0002015845-26-000007 |
| Document: 0002015845-26-000007.txt | 0002015845-26-000007 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 31, 2026 9w ago | 8-K | $125.43 $115.73 | ▼ −7.73% | ▼ −10.72% | $123.35 (−1.66%) |
Apr 2, 2026 26w ago | 8-K | $123.88 $147.43 | ▲ +19.01% | ▲ +9.13% | $123.35 (−0.43%) |
Mar 27, 2026 27w ago | DEFA14A | $117.31 $140.25 | ▲ +19.55% | ▲ +6.81% | $123.35 (+5.15%) |
Feb 28, 2026 30w ago | Institutional Cluster | $119.30 $111.33 | ▼ −6.68% | ▲ +1.26% | $123.35 (+3.39%) |
Feb 24, 2026 31w ago | 8-K | $130.10 $123.29 | ▼ −5.23% | ▲ +0.00% | $123.35 (−5.19%) |
US Market Status
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