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How Everus Construction Group (ECG) makes money
Everus Construction Group (ECG) made $1.4B of revenue in the third quarter 2026 (Q3 2026), +40% from a year earlier. E&M brought in $1.1B (82%); T&D brought in $249M (18%). Of every dollar of revenue, 15¢ was left as gross profit, 9¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| E&M | $1.1B | 82.0% | +12% | +48% |
| T&D | $249M | 18.0% | +12% | +12% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.4B | 100.0% |
| Cost of revenue | $1.2B | 85.2% |
| Gross profit | $205M | 14.8% |
| Operating expenses | $82.6M | 6.0% |
| Operating profit | $122M | 8.8% |
| Income tax | $29.4M | 2.1% |
| Net earnings | $91.9M | 6.6% |
| Operating cash flow | $70.5M | 5.1% |
| Free cash flow | $52.7M | 3.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.4B | +40% |
| Q2 2026 | $1.2B | +34% |
| Q1 2026 | $1.0B | +25% |
| Q4 2025 | $1.0B | +33% |
| Q3 2025 | $987M | +30% |
| Q2 2025 | $921M | +31% |
| Q1 2025 | $827M | +32% |
From Everus Construction Group's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Everus Construction Group make money?
Everus Construction Group (ECG) made $1.4B of revenue in the third quarter 2026 (Q3 2026), +40% from a year earlier. E&M brought in $1.1B (82%); T&D brought in $249M (18%). Of every dollar of revenue, 15¢ was left as gross profit, 9¢ was left as operating profit, 7¢ was left as net earnings.
What is Everus Construction Group's biggest business?
E&M: $1.1B in the third quarter 2026, 82% of revenue, +48% from a year earlier.
What is Everus Construction Group's profit margin?
Net earnings were $91.9M, 6.6% of revenue, in the third quarter 2026; the operating margin was 8.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.