Filing Flows › Everus Construction Group (ECG) › Q2 2025
Everus Construction Group (ECG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Everus Construction Group (ECG) reported revenue of $921M for the second quarter 2025 (Q2 2025), +31% from a year earlier and +11% from the quarter before. Operating margin was 7.9%, net earnings $52.8M (5.7% of revenue).
Everus Construction Group, Q2 2025: revenue $921M (+31% year over year), operating margin 7.9%, net earnings $52.8M, operating cash flow $25.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $921M | +11% | +31% |
| Gross profit | $120M | +30% | +35% |
| Operating profit | $72.5M | +42% | +41% |
| Net earnings | $52.8M | +44% | +36% |
| Operating cash flow | $25.3M | +256% | — |
| Free cash flow | $12.3M | — | — |
What changed
Revenue was $921.5M in Q2 2025, up 31% year over year and up 11% from the previous quarter. Electrical & Mechanical was the largest line at 77% of revenue. Electrical & Mechanical added $209.6M year over year (up 42%), 96% of the total change.
Gross margin was 13.0%, up 0.4 points from a year earlier. Operating profit was $72.5M, a 7.9% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 7% margin then. Operating expenses grew 27% against revenue growth of 31%. Net earnings were $52.8M, up 36% year over year. The effective tax rate was 26.9%.
Operating cash flow was $25.3M, 48% of net earnings. Non-cash charges added back $7.1M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $35.8M. Capital expenditures of $13.1M left free cash flow of $12.3M.
Questions
What was Everus Construction Group's revenue in the second quarter 2025?
Everus Construction Group (ECG) reported revenue of $921M for the second quarter 2025 (Q2 2025), +31% from a year earlier and +11% from the quarter before.
Was Everus Construction Group profitable in the second quarter 2025?
Operating profit was $72.5M (7.9% of revenue) and net earnings $52.8M.