Filing Flows › Everus Construction Group (ECG) › Q4 2025
Everus Construction Group (ECG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Everus Construction Group (ECG) reported revenue of $1.0B for the fourth quarter 2025 (Q4 2025), +33% from a year earlier and +2% from the quarter before. Operating margin was 6.8%, net earnings $55.3M (5.5% of revenue).
Everus Construction Group, Q4 2025: revenue $1.0B (+33% year over year), operating margin 6.8%, net earnings $55.3M, operating cash flow $48.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +2% | +33% |
| Gross profit | $118M | -5% | +36% |
| Operating profit | $68.9M | -5% | +50% |
| Net earnings | $55.3M | -3% | +60% |
| Operating cash flow | $48.2M | -37% | -40% |
| Free cash flow | $23.5M | -64% | -65% |
What changed
Revenue was $1.0B in Q4 2025, up 33% year over year and up 2% from the previous quarter.
Gross margin was 11.6%, up 0.3 points from a year earlier. Operating profit was $0.07B, a 6.8% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, above the 6% margin then. Operating expenses grew 21% against revenue growth of 33%. Net earnings were $0.06B, up 60% year over year. The effective tax rate was 25.3%.
Operating cash flow was $0.05B (down 40% year over year), 87% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $0.02B. Capital expenditures of $0.02B left free cash flow of $0.02B.
Questions
What was Everus Construction Group's revenue in the fourth quarter 2025?
Everus Construction Group (ECG) reported revenue of $1.0B for the fourth quarter 2025 (Q4 2025), +33% from a year earlier and +2% from the quarter before.
Was Everus Construction Group profitable in the fourth quarter 2025?
Operating profit was $68.9M (6.8% of revenue) and net earnings $55.3M.