10-K · February 25, 2026
MYR Group’s 2025 10-K shows expanding backlog and higher-margin mix alongside steady revenue and cash-generation improvement. Total backlog rose to $2,824,268 (thousands) with $2,437,765 (thousands) expected to be…
Earnings analysis · 10-Q
MYRG earnings analysis
Filed April 29, 2026 · Our reading of the company's report
The latest report
MYR Group Inc. reported strong Q1 2026 results with revenues of $1.00 billion and EPS of $2.99, both surpassing analyst expectations. The company experienced significant growth in its Commercial & Industrial (C&I)…
Read full summary
MYR Group Inc. reported strong Q1 2026 results with revenues of $1.00 billion and EPS of $2.99, both surpassing analyst expectations. The company experienced significant growth in its Commercial & Industrial (C&I) segment, coupled with an increase in gross margin to 13.4%, indicating robust operational performance amid lingering economic uncertainty.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.99
What stood out
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Revenue Increase of 20%
Q1 2026 revenues rose to $1.00 billion from $833.6 million in Q1 2025, a $166.8 million increase.
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Record EPS Achievement
EPS reached $2.99, up from $1.45 in Q1 2025, marking a significant increase.
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Strong C&I Segment Growth
C&I revenue increased by $87.6 million, or 23.5%, to $459.4 million compared to Q1 2025.
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Improved Gross Margin
Gross margin improved to 13.4% in Q1 2026, up from 11.6% in Q1 2025.
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Record Backlog Growth
Total backlog increased to $2.84 billion from $2.64 billion the year prior, a $200 million rise.
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Increased Operating Income
Operating income more than doubled to $64.7 million from $34.3 million in Q1 2025.
What to watch
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Increased Operating Costs
Higher selling, general, and administrative expenses rose to $69.4 million from $62.5 million in Q1 2025.
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Project Inefficiencies Persist
Risks associated with project inefficiencies negatively impacted margins despite overall revenue growth.
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Economic Uncertainties
Ongoing inflation and geopolitical tensions could affect future profitability and demand.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · October 29, 2025
MYR Group reported strong Q3 results with contract revenues of $950,400 (three months ended September 30, 2025), up from $888,043 in Q3 2024; gross profit expanded to $111,892 (11.8%) and diluted EPS rose to $2.05 from…
10-Q · April 30, 2025
MYR Group reported quarterly contract revenues of $833,620,000 and diluted EPS of $1.45 for the three months ended March 31, 2025, both improved versus the prior-year quarter. Gross margin expanded to 11.6% and…
10-Q · July 31, 2024
MYR Group reported Q2 contract revenues of $828,890,000 and a net loss of $15,277,000 (diluted EPS $(0.91)), driven by large project estimate adjustments that reduced gross margin and produced an operating loss of…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.