ECG
Everus Construction Group, Inc.

Everus Construction Group, Inc.ECG

Industrials · Engineering & Construction
76.60USD
+5.74%
Nov 08, 2026
ECG overview ready
Specialty Electrical Construction and Transmission Contractor for Utilities
Specialty electrical-construction and transmission-and-distribution contractor providing the field labor, project execution, and maintenance required to build and maintain electrical infrastructure.
Primary theme is lagging
Power / Grid is lagging (-16.9pp vs SPY over 21 sessions; 8 of 32 members ahead of SPY).
Price trend is broken
Longer-term context reads new trend, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on utility and infrastructure capital spending cycles.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 2

Conviction Level

PriceAction1.4BusinessPerformance9.0BusinessQuality8.2Valuation6.8ThemeMomentum1.0Accelerating — Revenue growth has accelerated across 3 consecutive quarters, rising from +25% to +40% year over year. Diluted EPS is up 61% year over year at $1.79. — Accelerating describes growth momentum measured in recent filed quarters. It is not proof that the acceleration will continue.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Power / GridLagging
vs SPY
−16.9pp
Theme return
−21.9%
Beating SPY
8 of 32
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads new trend, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$3.9B
Avg Volume (60D)
658.4K
60 sessions
Revenue Growth YoY
+31.5%
FY2025 vs FY2024
Gross Margin
+13.6%
Trailing twelve months
Operating Margin
+8.2%
Trailing twelve months
Free Cash Flow Yield
+6.1%
Distance from 200DMA
-39.1%
P/E
13.5x
EV / Sales
0.9x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Accelerating

Revenue growth has accelerated across 3 consecutive quarters, rising from +25% to +40% year over year. Diluted EPS is up 61% year over year at $1.79.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+40%
$1.38B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +33%
  2. +25%
  3. +34%
  4. +40%
Earnings growthGrowing
+61%
Diluted EPS $1.79 vs $1.11 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +61%
  2. +58%
  3. +59%
  4. +61%
Operating marginExpanding
8.8%
+1.5 pp YoY · gross margin 14.8% (+2.2 pp)

Business Quality

8.2 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads cheap.
Everus Construction Group, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

What changed

  • ECG fell 29.3% in one session
    ECG closed -29.3% against a broad market that moved +1.6%.
    2026-11-04
  • Everus Construction Group, Inc. — 8-K (items 2.02, 7.01, 9.01)
    Reported on 8-K, dated 2026-11-03. ECG closed +9.5% while the broad market was close to flat (+0.3%).
    2026-11-03 · source

Company Research

Thesis
Specialty electrical-construction and transmission-and-distribution contractor providing the field labor, project execution, and maintenance required to build and maintain electrical infrastructure.
Opportunity
High opportunity
Utility, generation, storage, and large-load projects require field construction, maintenance, and interconnection work to add and energize transmission and distribution capacity.
Key risk
Dependence on utility and infrastructure capital spending cycles.

Economic classification

Loading the economic classification…

Business & Markets

Industrials · Engineering & Construction
What they do

Everus Construction Group, Inc. provides electrical and mechanical contracting services as well as transmission and distribution construction and maintenance across public and private sectors in the United States.

How it earns

The company generates revenue primarily through project-based contracts for construction and maintenance services.

Products & services
Electrical and communication wiring construction and maintenance
Fire suppression systems installation and maintenance
Renewables infrastructure and mechanical piping services
Overhead and underground electrical, gas, and communication infrastructure construction and maintenance
Customers & end markets
Utility companies
Public sector entities
Private sector clients
Market position

Niche specialty contractor focused on electrical construction and transmission and distribution services.

Demand drivers
Medium cyclicality

Demand depends on utility infrastructure investment cycles and public/private sector capital spending.

Peers

Companies validated as economically comparable to ECG — similar business, revenue model and scale.
PRICE ACTIONVALUATIONTHEME
Quanta Services, Inc.Trend Under Pressure — Failed ReclaimCheap8.0HighUnavailableNot in RS poolLocked$540.90+6.25%
Legence Corp.New Trend — Distribution PressureExpensive8.0HighUnavailableNot in RS poolLocked$27.91+9.84%
MasTec, Inc.Trend Under Pressure — Distribution PressureFair8.0HighUnavailableNot in RS poolLocked$174.10+9.54%
Sterling Infrastructure, Inc.Trend Under Pressure — Failed ReclaimCheap8.0HighUnavailableNot in RS poolLocked$252.82+3.47%