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Everus Construction Group (ECG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Everus Construction Group (ECG) Q3 2026 earnings results →
Q3 2026 Revenue up 40% year over year to $1.4B · 7¢ of every $1 of revenue kept as net profit · operating margin 8.8%
Everus Construction Group made $1.4B in Q3 2026 (+40% Y/Y): E&M $1.1B, T&D $249M. Operating margin 8.8%, net earnings $91.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.4B in Q3 2026, up 40% year over year and up 12% from the previous quarter. E&M was the largest line at 82% of revenue. E&M added $0.37B year over year (up 48%), 93% of the total change.
Gross margin was 14.8%, up 2.2 points from Q3 2025. Operating profit was $0.12B, a 8.8% margin (up 1.5 points year over year). Of the extra revenue versus Q3 2025, 13% reached operating profit, above the 7% margin then. Operating expenses grew 59% against revenue growth of 40%. Net earnings were $0.09B, up 61% year over year. The effective tax rate was 24.2%.
Operating cash flow was $0.07B (down 7% year over year), 77% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.02B left free cash flow of $0.05B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $1.4B | +40% | 8.8% | $91.9M | $70.5M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $1.2B | +34% | 9.1% | $83.9M | $53.1M |
| Q1 2026 | 10-Q | May 6, 2026 | $1.0B | +25% | 7.5% | $58.3M | $144M |
| Q4 2025 | 10-K | Feb 25, 2026 | $1.0B | +33% | 6.8% | $55.3M | $48.2M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $987M | +30% | 7.3% | $57.0M | $76.2M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $921M | +31% | 7.9% | $52.8M | $25.3M |
| Q1 2025 | 10-Q | May 15, 2025 | $827M | +32% | 6.2% | $36.7M | $7.1M |
Charts
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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Customers and suppliers named in filings
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About Everus Construction Group
References in this 2025 Annual Report to the “Company”,“Everus”, “we”, “us” or “our” refer to Everus Construction Group, Inc., a Delaware corporation, and its subsidiaries. References in this 2025 Annual Report to “MDU Resources” refer to MDU Resources Group, Inc., a Delaware corporation, and its subsidiaries (other than, after the Distribution, Everus and its subsidiaries), unless the context otherwise requires. References to Everus’ historical business and operations refer to the business and operations of Everus Construction, Inc. (formerly known as MDU Construction Services Group, Inc.) (“Everus Construction”) prior to the Separation and refer to Everus after the Separation.
In its own words, from its 10-K, filed Feb 25, 2026.
Everus Construction Group against its Operative Builders peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +40% against the peers' median -8%. Operating margin: 8.8% against the peers' median 8.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ECG Everus Construction Group | Q3 2026 | $1.4B | +40% | 8.8% |
| DHI Horton D R | Q4 FY26 | $9.4B | -3% | 10.8% |
| PHM Pultegroup | Q3 2026 | $4.0B | -10% | 15.7% |
| TOL Toll Brothers | Q3 FY26 | $2.7B | -10% | 13.5% |
| NVR NVR | Q3 2026 | $2.4B | -8% | 13.9% |
| KBH KB Home | Q3 FY26 | $1.3B | -20% | 6.3% |
| MHO M/I Homes | Q3 2026 | $1.1B | -5% | 7.7% |
| DFH Dream Finders Homes | Q3 2026 | $996M | +3% | 1.3% |
| CCS Century Communities | Q3 2026 | $864M | -12% | 1.8% |
Source: Everus Construction Group 10-Q on SEC EDGAR · CIK 2015845 · Operative Builders
Guidance and outlook
13F: who owns ECG and who is buying
More on ECG
- How Everus Construction Group makes money: revenue by segment
- Everus Construction Group next earnings date and what analysts expect
- Everus Construction Group stock forecast, price target and fair value
- Who owns Everus Construction Group stock: holders, funds and Congress trades
- Everus Construction Group guidance and outlook
- Is Everus Construction Group a takeover target? LBO and rumors
- Everus Construction Group recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Everus Construction Group guidance history: guided vs reported
- Everus Construction Group gross margin by quarter
- Everus Construction Group operating margin by quarter
- Everus Construction Group net income by quarter
- Everus Construction Group free cash flow by quarter
- Everus Construction Group capital expenditures by quarter
- Everus Construction Group E&M revenue by quarter
- Everus Construction Group T&D revenue by quarter