Thesis pillars
- Perfect Earnings Beat Streak→Stable
- Exceptional Cash Flow Conversion↓Deteriorating
- Price Above Target Negative Asymmetry↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 25, 2026· older than 90 days
MYR Group, Inc. (MYRG) Stock Analysis
Industrials · Engineering & Construction
Sell if holding. Multiple concerning factors at $263.89: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.6); Sector modifier (Industrials): -0.7.
MYR Group provides specialty electrical construction services through two segments — Transmission and Distribution (T&D, 54.7% of 2025 revenues) and Commercial and Industrial (C&I, 45.3%) — serving electric utilities, general contractors, and facility owners across the United... Read more
Sell if holding. Multiple concerning factors at $263.89: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.6); Sector modifier (Industrials): -0.7. Chart setup: No clear chart pattern; technical signals are mixed. Score 6.8/10, moderate confidence.
Passes 8/9 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 111d clear, semi cycle peak clear, materials cycle peak clear). Suitability: speculative.
About MYR Group, Inc.
About MYR Group, Inc.
MYR Group's total backlog reached $2.8 billion at December 31, 2025, with the C&I segment carrying $1.8 billion and T&D holding $1.0 billion; T&D revenues represented 54.7% of consolidated revenues in 2025 and C&I the remaining 45.3%. Fixed-price contracts accounted for 57.0% of total revenue in 2025, including 84.5% of C&I segment revenue. The company has operated continuously in the T&D sector since 1891 and conducts operations across the United States and Canada.
MYR Group earns revenue through fixed-price, unit-price, time-and-materials, time-and-equipment, and cost-plus contracts; T&D work spans all contract types while C&I revenue was 84.5% fixed-price in 2025. In the T&D segment, the company serves as a prime contractor for electric utilities, cooperatives, independent power producers, and independent transmission companies — many under multi-year master service agreements covering maintenance, upgrade, and new construction. The C&I segment functions primarily as a subcontractor to general contractors for data centers, airports, hospitals, stadiums, and other commercial and industrial facilities. The top 10 customers accounted for 38.0% of revenues in 2025, with no single customer exceeding 10% of annual revenues — a diversified base that limits individual customer concentration. Materials are generally available from multiple suppliers and the company is not dependent on any single subcontractor. High fixed costs, including fleet maintenance and overhead, may compress margins in periods of revenue decline because construction activity is inherently lumpy.
Show full overview
MYR Group's labor costs are exposed to shortages of qualified linemen, wiremen, and field supervisors — professions requiring specialized skills and licensing that the company identifies as chronically short in certain regions. During periods of storm restoration services, linemen are frequently recruited across geographic regions at premium wages, which may impair retention on ongoing projects and increase labor costs. Exposure to multi-employer pension plan obligations — characteristic of a unionized construction workforce — could also result in withdrawal liabilities if participation in those plans declines. These labor dynamics compound the fixed-cost structure risk inherent in the T&D and C&I contracting model.
See also: Industrials · Engineering & Construction
From MYR Group, Inc.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated Oct 28, 2026Recent Developments — MYR Group, Inc.
Latest news
- NEWS Is MYR Group Inc (MYRG) Overvalued After 5.0% Rally? GF Value Sa - GuruFocus — GuruFocus Oct 28, 2026 neutral
- NEWS MYR Group (NASDAQ:MYRG) Releases Earnings Results, Beats Expectations By $0.85 EPS - MarketBeat — MarketBeat Oct 28, 2026 positive
- NEWS MYR Group (NASDAQ:MYRG) reports bullish Q3 2026, stock jumps 10.4% - StockStory — StockStory Oct 28, 2026 positive
- NEWS MYR Group gains on strong earnings and revenue beat - Yahoo Finance — Yahoo Finance Oct 28, 2026 positive
- NEWS MYR Group Inc. announces an Equity Buyback for $100 million worth of its shares. - www.marketscreener.com — www.marketscreener.com Oct 28, 2026 positive
Latest item Oct 28, 2026 · Generated 2026-11-05T11:29:01Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomertop 10 customers38%10-K Item 1: 'our top 10 customers accounted for 38.0%, 37.8%, and 37.9%, of our revenues, respectively'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
1 ceiling hit
Price Targets
Position Sizing
Analyst Consensus
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Multiple concerning factors at $263.89: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.6); Sector modifier (Industrials): -0.7. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $245.42. Score 6.8/10, moderate confidence.
Analyst target: $322.07 (+22.0% upside). Prior stop was $245.42. Stop-loss: $245.42.
V7 low-quality RISK_OFF penalty: -0.5 (Q=4.6); Sector modifier (Industrials): -0.7; Negative news sentiment (-0.67).
MYR Group, Inc. trades at a P/E of 21.5 (forward 17.1). TrendMatrix value score: 7.6/10. Verdict: Sell.
16 analysts rate MYRG, with a consensus score of 4.0/5. 5 analysts publish price targets averaging $370.
What does MYR Group, Inc. do?MYR Group provides specialty electrical construction services through two segments — Transmission and Distribution...
MYR Group provides specialty electrical construction services through two segments — Transmission and Distribution (T&D, 54.7% of 2025 revenues) and Commercial and Industrial (C&I, 45.3%) — serving electric utilities, general contractors, and facility owners across the United States and Canada. Total backlog stood at $2.8 billion at December 31, 2025.