IMPORTANT DISCLAIMER: Blank Capital Research ("BCR") is a technology platform, not a registered investment advisor or broker-dealer. The algorithmically generated signals, scores, and rankings provided on this site ("God Mode" Signals) are for informational and research purposes only and do not constitute financial advice, investment recommendations, or an offer to sell or solicit an offer to buy any securities.
HYPOTHETICAL PERFORMANCE RESULTS: The "timing scores" and "regime signals" displayed are based on quantitative models. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.
RISK OF LOSS: Trading in financial markets involves a high degree of risk and may result in the loss of your entire investment. Data provided by third-party sources (Intrinio, Snowflake) is believed to be reliable but is not guaranteed for accuracy or completeness. Past performance is not indicative of future results.
MYRG: The Standard for Electrical Transmission Infrastructure
Blank Capital Research Team
•
Executive Summary
MYR Group Inc. (MYRG) is a leading specialty contractor serving the electrical infrastructure market in the United States and Canada. They focus on the construction and maintenance of transmission and distribution (T&D) systems.
Investment Thesis
MYR Group is a frontline beneficiary of the 'Grid Modernization' super-cycle. The U.S. electrical grid is aging and requires trillions of dollars in upgrades to accommodate the shift toward renewable energy and the massive power demands of AI data centers. MYR Group's specialized crews and equipment are in perpetual high demand. Because their work is technically complex and high-stakes (maintaining the high-voltage backbone of the country), they enjoy significant pricing power and deep relationships with major utilities. MYRG is a high-growth industrial leader with a decades-long runway.
Key Growth Drivers
Electrical Grid Rebuilding
The structural requirement to replace and expand the U.S. transmission network guarantees a massive, multi-year backlog for MYR Group's services.
AI Data Center Power Demand
The explosive growth of AI requires a massive increase in high-voltage grid connections, a niche where MYRG is a dominant provider.
Exceptional Safety and Execution
Their industry-leading safety record and technical expertise allow them to win the largest and most complex utility projects, creating a powerful competitive moat.
Valuation & Financial Modeling
MYRG trades at a reasonable multiple relative to its double-digit growth rate and market-leading position. We believe the market is underestimating the duration of the current utility CapEx cycle. The stock is a 'best-of-breed' pick in the infrastructure space.
Risk Factors & Bear Case
Severe labor shortages for specialized electrical linemen could limit their growth potential or pressure margins. Additionally, a sudden slowdown in utility CapEx budgets due to regulatory friction would hit their backlog.
Conclusion
MYR Group is a critical infrastructure play with a massive structural tailwind. It is an essential holding for investors seeking exposure to the electrification of everything. Rated 'Strong Buy'.
Upcoming Catalysts
No upcoming catalysts identified.
Unlock Investment Thesis
Sign up for free access to institutional-quality research tools.
Relative valuation derived from Industrials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 50GRADE C+
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
14.0%
Sector: 8.9%
Dividend Analysis audit
No Dividend
This company does not currently pay a dividend.
Analyst Projections
Analyst Consensus
Unlock Valuation Tools
Sign up for free access to institutional-quality research tools.
Based on our 6-factor quantitative model, MYR GROUP INC. (MYRG) receives a "Hold" rating with a composite score of 52.0/100, ranked #251 out of 4446 stocks. Key factor scores: Quality 50/100, Value 54/100, Momentum 71/100. This is quantitative analysis only — not investment advice.
MYR GROUP INC. (MYRG) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does MYR GROUP INC. Do?
MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, renewable power facilities, and limited gas construction services, as well as emergency restoration services in response to hurricane, ice, or other storm related damages. This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting for airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy projects, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Henderson, Colorado. MYR GROUP INC. (MYRG) is classified as a mid-cap stock in the Industrials sector, specifically within the Construction industry. The company is led by CEO Richard S. Swartz and employs approximately 8,500 people, headquartered in ROLLING MEADOWS, Colorado. With a market capitalization of $4.5B, MYRG is one of the notable companies in the Industrials sector.
MYR GROUP INC. (MYRG) Stock Rating — Hold (April 2026)
As of April 2026, MYR GROUP INC. receives a Hold rating with a composite score of 52.0/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.MYRG ranks #251 out of 4,446 stocks in our coverage universe. Within the Industrials sector, MYR GROUP INC. ranks #46 of 752 stocks, placing it in the top 10% of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
MYRG Stock Price and 52-Week Range
MYR GROUP INC. (MYRG) currently trades at $318.26. The stock gained $3.23 (1.0%) in the most recent trading session. The 52-week high for MYRG is $290.87, which means the stock is currently trading 9.4% from its annual peak. The 52-week low is $97.72, putting the stock 225.7% above its annual trough. Recent trading volume was 268K shares, suggesting relatively thin trading activity.
Is MYRG Overvalued or Undervalued? — Valuation Analysis
MYR GROUP INC. (MYRG) carries a value factor score of 54/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 48.52x, compared to the Industrials sector average of 28.33x — a premium of 71%. The price-to-book ratio stands at 6.80x, versus the sector average of 2.23x. The price-to-sales ratio is 1.26x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, MYRG trades at 32.32x EV/EBITDA, versus 5.70x for the sector.
Overall, MYRG's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
MYR GROUP INC. Profitability — ROE, Margins, and Quality Score
MYR GROUP INC. (MYRG) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 14.0%, compared to the Industrials sector average of 8.9%, which is within a healthy range. Return on assets (ROA) comes in at 5.6% versus the sector average of 3.3%.
On a margin basis, MYR GROUP INC. reports gross margins of 10.9%, compared to 35.8% for the sector. The operating margin is 3.9% (sector: 6.2%). Net profit margin stands at 2.6%, versus 3.9% for the average Industrials stock. Revenue growth is running at 14.7% on a trailing basis, compared to 6.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
MYRG Debt, Balance Sheet, and Financial Health
MYR GROUP INC. has a debt-to-equity ratio of 9.0%, compared to the Industrials sector average of 70.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.33x, suggesting adequate working capital coverage. Total debt on the balance sheet is $59M. Cash and equivalents stand at $76M.
MYRG has a beta of 1.35, meaning it is more volatile than the broader market — a $10,000 investment in MYRG would be expected to move 34.7% more than the S&P 500 on any given day. The stability factor score for MYR GROUP INC. is 55/100, reflecting average volatility within the normal range for its sector.
MYR GROUP INC. Revenue and Earnings History — Quarterly Trend
In TTM 2026, MYR GROUP INC. reported revenue of $3.57B and earnings per share (EPS) of $7.57. Net income for the quarter was $93M. Gross margin was 10.9%. Operating income came in at $141M.
In FY 2025, MYR GROUP INC. reported revenue of $3.66B and earnings per share (EPS) of $7.57. Net income for the quarter was $118M. Gross margin was 11.6%. Revenue grew 8.8% year-over-year compared to FY 2024. Operating income came in at $167M.
In Q3 2025, MYR GROUP INC. reported revenue of $950M and earnings per share (EPS) of $2.07. Net income for the quarter was $32M. Gross margin was 11.8%. Revenue grew 7.0% year-over-year compared to Q3 2024. Operating income came in at $46M.
In Q2 2025, MYR GROUP INC. reported revenue of $900M and earnings per share (EPS) of $1.70. Net income for the quarter was $26M. Gross margin was 11.5%. Revenue grew 8.6% year-over-year compared to Q2 2024. Operating income came in at $40M.
Over the past 8 quarters, MYR GROUP INC. has demonstrated a growth trajectory, with revenue expanding from $829M to $3.57B. Investors analyzing MYRG stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
MYRG Dividend Yield and Income Analysis
MYR GROUP INC. (MYRG) does not currently pay a dividend. This is common among smaller companies in the Construction industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.
MYRG Momentum and Technical Analysis Profile
MYR GROUP INC. (MYRG) has a momentum factor score of 71/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 27/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 28/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
MYRG vs Competitors — Industrials Sector Ranking and Peer Comparison
Comparing MYRG against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full MYRG vs S&P 500 (SPY) comparison to assess how MYR GROUP INC. stacks up against the broader market across all factor dimensions.
MYRG Next Earnings Date
No upcoming earnings date has been announced for MYR GROUP INC. (MYRG) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy MYRG? — Investment Thesis Summary
MYR GROUP INC. presents a balanced picture with arguments on both sides. Price momentum is positive at 71/100, suggesting the trend favors buyers.
In summary, MYR GROUP INC. (MYRG) earns a Hold rating with a composite score of 52.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on MYRG stock.
We'll email you when stocks you follow change their composite rating.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
14.7%
Sector: 6.4%
+130% VS SCTR
Gross Margin
Core pricing power
10.9%
Sector: 35.8%
-70% VS SCTR
Operating Margin
Operating efficiency
3.9%
Sector: 6.2%
-37% VS SCTR
Net Margin
Bottom-line conversion
2.6%
Sector: 3.9%
-33% VS SCTR
Return on Equity
Equity capital efficiency
14.0%
Sector: 8.9%
+57% VS SCTR
Return on Assets
Asset base utilization
5.6%
Sector: 3.3%
+73% VS SCTR
Debt/Equity
Financial leverage load
9.0%
Sector: 70.0%
+87% VS SCTR
Dividend Yield
Direct cash return
0.0%
Sector: 0.0%
-NaN% VS SCTR
+205%
Price / Sales
1.3x
+152%
MYR GROUP INC. exhibits a 224% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
5.6%
Sector: 3.3%
Gross Margin
Pricing power and cost efficiency
10.9%
Sector: 35.8%
Operating Margin
Core business profitability
3.9%
Sector: 6.2%
Net Margin
Bottom-line profitability
2.6%
Sector: 3.9%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.