MYRG
MYR Group Inc.

MYR Group Inc.MYRG

Industrials · Engineering & Construction
280.16USD
-1.89%
Oct 17, 2026
MYRG overview ready
Specialty Electrical Contractor Enabling Utility Grid Interconnection and Expansion
MYR is a specialty electrical contractor that designs, engineers, constructs, upgrades, maintains and repairs transmission lines, distribution systems and substations for utility customers, while also performing electrical construction for commercial and industrial facilities, including data centers.
Direct narrative exposure
Exposed to the Electric Grid Capacity Expansion narrative through Grid Interconnection and Electrical Construction — infrastructure supplier.
Price structure is giving way
Longer-term context reads near trend floor, with a near-term setup of pullback recovery.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on utility capital expenditure cycles.
Market Oct 16Filing Jun 30Price action Aug 1

Conviction Level

Theme Heat has no canonical measurement for this company — a research-profile dimension, not an input to this score.

NarrativeHeat—ThemeHeat—PriceAction7.5Valuation5.8CompanyPosition7.3BusinessQuality7.6
Price
Loading price history…

Price Action

Price structure is giving way
Longer-term context reads near trend floor, with a near-term setup of pullback recovery.

Key Financials

Market Cap
$4.4B
Avg Volume (60D)
268.0K
60 sessions
Revenue Growth YoY
+8.8%
FY2025 vs FY2024
Gross Margin
+12.5%
Trailing twelve months
Operating Margin
+5.6%
Trailing twelve months
Free Cash Flow Yield
+4.4%
P/E
26.4x
EV / EBITDA
14.3x
EV / Sales
1.1x
Market metrics as of Oct 16, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say fair; intrinsic is the dissenting view.
MYR Group Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
MYR is a specialty electrical contractor that designs, engineers, constructs, upgrades, maintains and repairs transmission lines, distribution systems and substations for utility customers, while also performing electrical construction for commercial and industrial facilities, including data centers.
Opportunity
Moderate opportunity
Interconnection and utility capital programs required to energize generation, storage and large new loads.
Key risk
Dependence on utility capital expenditure cycles.

Narrative & Theme

Electric Grid Capacity Expansion
Part of Grid Interconnection and Electrical Construction, with strong fit.
Its T&D work is directly tied to utility spending on transmission, substations, distribution upgrades, generation interconnections and the grid capacity required for large new loads.
Narrative HeatUnavailable
Theme HeatUnavailable

Business & Markets

Industrials · Engineering & Construction
What they do

MYR Group Inc. provides electrical construction services primarily in the United States and Canada through its subsidiaries, operating in two segments: Transmission and Distribution, and Commercial and Industrial.

How it earns

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

Products & services
Electrical transmission and distribution network construction
Substation design, engineering, procurement, construction, upgrade, maintenance, and repair
Customers & end markets
Electric utility companies
Commercial and industrial customers
Market position

MYR Group is a significant player in the electrical construction industry serving utility and industrial markets.

Demand drivers
Medium cyclicality

Business is influenced by capital expenditure cycles in the utility sector and industrial construction demand.