The significant improvement in profitability and margin expansion, combined with a growing backlog, suggests strong operational execution and favorable market conditions. Traders should monitor the sustainability of margin improvements and the conversion of backlog into revenue in 2026.
Price Chart
Executive Summary
MYR Group Inc. reported record fourth-quarter and full-year 2025 financial results, with revenue of $973.5 million and $3.66 billion respectively, and net income of $36.5 million and $118.4 million. The company highlighted strong year-over-year growth across all key metrics, improved margins, and a 9.6% increase in backlog to $2.82 billion, driven by robust demand in electric utility and commercial infrastructure markets.
Key Financial Metrics
Key Facts
- Q4 2025 revenue: $973.5 million, up 17.3% YoY
- Full-year 2025 revenue: $3.66 billion, up 8.8% YoY
- Q4 net income: $36.5 million, up 129.1% YoY
- Full-year net income: $118.4 million, up 290.8% YoY
- Backlog increased 9.6% to $2.82 billion
- Gross margin improved to 11.6% from 8.6% in 2024
- Cash and cash equivalents: $150.2 million
Financial Impact
Revenue increased by $295.6 million and net income by $88.1 million compared to 2024, with significant margin expansion and strong cash flow generation of $326.6 million
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Transmission Distribution | $2.0B | +6.5% |
| Commercial Industrial | $1.7B | +11.7% |
Risk Factors
- Margin improvements were partially offset by project inefficiencies
- Future performance depends on continued infrastructure investment and electrification trends
- The company faces execution risks on large projects
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000700923-26-000006 |
| Document: myrg-20260225.htm | 0000700923-26-000006 |
| Document: 0000700923-26-000006-index-headers.html | 0000700923-26-000006 |
| Document: 0000700923-26-000006-index.html | 0000700923-26-000006 |
| Document: 0000700923-26-000006.txt | 0000700923-26-000006 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 22, 2026 5w ago | Institutional Cluster | $305.27 $289.05 | ▼ −5.31% | ▼ −6.63% | $304.77 (−0.16%) |
Jun 4, 2026 17w ago | Insider Cluster | $445.66 $442.72 | ▼ −0.66% | ▼ −2.52% | $304.77 (−31.61%) |
May 27, 2026 18w ago | Press Release | $478.93 $477.95 | ▼ −0.20% | ▲ +2.94% | $304.77 (−36.36%) |
Apr 15, 2026 24w ago | Press Release | $315.26 $467.97 | ▲ +48.44% | ▲ +42.62% | $304.77 (−3.33%) |
Feb 25, 2026 31w ago | 8-K | $274.01 $285.18 | ▲ +4.08% | ▲ +9.31% | $304.77 (+11.23%) |
US Market Status
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