MYR GROUP INC.MYRGEarnings & Financial Report
MYR Group Inc. is an American corporation that offers electrical construction services for transmission and distribution lines, substations, commercial and industrial buildings, and renewable energy. It is the parent company to 12 subsidiary electrical construction companies.
Revenue
$815.6M
Gross Profit
$86.2M
Operating Profit
$24.3M
Net Profit
$18.9M
Gross Margin
10.6%
Operating Margin
3.0%
Net Margin
2.3%
YoY Growth
0.5%
EPS
$1.12
MYR GROUP INC. Q1 FY2024 Financial Summary
MYR GROUP INC. reported revenue of $815.6M (up 0.5% YoY) for Q1 FY2024, with a net profit of $18.9M (down 18.2% YoY) (2.3% margin). Cost of goods sold was $729.3M, operating expenses totaled $62.0M.
Key Financial Metrics
| Total Revenue | $815.6M |
|---|---|
| Net Profit | $18.9M |
| Gross Margin | 10.6% |
| Operating Margin | 3.0% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
MYR GROUP INC. Q1 FY2024 revenue of $815.6M breaks down across 4 segments, led by Market Type Electrical Construction at $325.2M (39.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Market Type Electrical Construction | $325.2M | 39.9% |
| Market Type Transmission | $313.9M | 38.5% |
| Market Type Distribution | $176.5M | 21.6% |
| Net Period Change | $15.5M | 1.9% |
MYR GROUP INC. Revenue by Segment — Quarterly Trend
MYR GROUP INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Market Type Electrical Construction and Market Type Transmission) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Market Type Electrical Construction | $442.6M | $447.0M | $394.1M | $371.9M |
| Market Type Transmission | $330.3M | $293.0M | $305.4M | $269.8M |
| Market Type Distribution | $200.6M | $210.4M | $200.8M | $192.0M |
| Net Period Change | — | — | — | $23.2M |
MYR GROUP INC. Annual Revenue by Year
MYR GROUP INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.7B |
| 2024 | $3.4B |
| 2023 | $3.6B |
| 2022 | $3.0B |
MYR GROUP INC. Quarterly Revenue & Net Profit History
MYR GROUP INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $973.5M | +17.3% | $36.5M | 3.8% |
| Q3 FY2025 | $950.4M | +7.0% | $32.1M | 3.4% |
| Q2 FY2025 | $900.3M | +8.6% | $26.5M | 2.9% |
| Q1 FY2025 | $833.6M | +2.2% | $23.3M | 2.8% |
| Q4 FY2024 | $829.8M | -17.4% | $16.0M | 1.9% |
| Q3 FY2024 | $888.0M | -5.5% | $10.6M | 1.2% |
| Q2 FY2024 | $828.9M | -6.7% | $-15.3M | -1.8% |
| Q1 FY2024 | $815.6M | +0.5% | $18.9M | 2.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $815.6M | $828.9M | $888.0M | $829.8M | $833.6M | $900.3M | $950.4M | $973.5M |
| YoY Growth | 0.5% | -6.7% | -5.5% | -17.4% | 2.2% | 8.6% | 7.0% | 17.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.58B | $1.58B | $1.59B | $1.57B | $1.52B | $1.59B | $1.65B | $1.64B |
| Liabilities | $919.8M | $949.9M | $1.00B | $973.7M | $973.4M | $1.00B | $1.03B | $983.7M |
| Equity | $663.7M | $633.3M | $588.5M | $600.4M | $548.7M | $583.2M | $617.6M | $660.4M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $7.7M | $22.7M | $35.6M | $21.1M | $83.3M | $32.9M | $95.6M | $114.8M |