Filing Flows › Everus Construction Group (ECG) › Q1 2026
Everus Construction Group (ECG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Everus Construction Group (ECG) reported revenue of $1.0B for the first quarter 2026 (Q1 2026), +25% from a year earlier and +3% from the quarter before. Operating margin was 7.5%, net earnings $58.3M (5.6% of revenue).
Everus Construction Group, Q1 2026: revenue $1.0B (+25% year over year), operating margin 7.5%, net earnings $58.3M, operating cash flow $144M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +3% | +25% |
| Gross profit | $131M | +11% | +41% |
| Operating profit | $77.7M | +13% | +52% |
| Net earnings | $58.3M | +5% | +59% |
| Operating cash flow | $144M | +198% | 20× |
| Free cash flow | $132M | — | — |
What changed
Revenue was $1.0B in Q1 2026, up 25% year over year and up 3% from the previous quarter. E&M was the largest line at 81% of revenue. E&M added $0.19B year over year (up 30%), 91% of the total change.
Gross margin was 12.6%, up 1.4 points from Q1 2025. Operating profit was $0.08B, a 7.5% margin (up 1.3 points year over year). Of the extra revenue versus Q1 2025, 13% reached operating profit, above the 6% margin then. Operating expenses grew 28% against revenue growth of 25%. Net earnings were $0.06B, up 59% year over year. The effective tax rate was 25.8%.
Operating cash flow was $0.14B (up 1916% year over year), 246% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $0.08B. After capital expenditures, net ($0.01B), free cash flow as the company reports it was $0.13B.
Questions
What was Everus Construction Group's revenue in the first quarter 2026?
Everus Construction Group (ECG) reported revenue of $1.0B for the first quarter 2026 (Q1 2026), +25% from a year earlier and +3% from the quarter before.
Was Everus Construction Group profitable in the first quarter 2026?
Operating profit was $77.7M (7.5% of revenue) and net earnings $58.3M.