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MYR Group (MYRG) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · MYR Group (MYRG) Q3 2026 earnings results →

Q3 2026 Revenue up 32% year over year to $1.3B · 5¢ of every $1 of revenue kept as net profit · operating margin 6.8%

MYR Group made $1.3B in Q3 2026 (+32% Y/Y): C&I $704M, T&D $555M. Operating margin 6.8%, net earnings $60.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.

Revenue$1.3B
Year over year+32%
Operating margin6.8%
Net earnings$60.0M
Operating cash flow$46.1M

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MYR Group Q3 2026 revenue breakdown: Sankey diagram of revenue (C&I, T&D), costs, profit and cash flow
MYR Group Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.3B in Q3 2026, up 32% year over year and up 16% from the previous quarter. C&I was the largest line at 56% of revenue. C&I added $0.26B year over year (up 58%), 83% of the total change.

Gross margin was 13.6%, up 1.8 points from Q3 2025. Operating profit was $0.09B, a 6.8% margin (up 1.9 points year over year). Of the extra revenue versus Q3 2025, 13% reached operating profit, above the 5% margin then. Operating expenses grew 31% against revenue growth of 32%. Net earnings were $0.06B, up 87% year over year. The effective tax rate was 27.1%.

Operating cash flow was $0.05B (down 52% year over year), 77% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.04B left free cash flow of $0.01B.

Quarterly history

MYR Group revenue by quarterMYR Group revenue by quarter$834MQ1 2025$900MQ2 2025$950MQ3 2025$974MQ4 2025$1.0BQ1 2026$1.1BQ2 2026$1.3BQ3 2026
MYR Group net earnings by quarterMYR Group net earnings by quarter$23.3MQ1 2025$26.5MQ2 2025$32.1MQ3 2025$36.5MQ4 2025$46.8MQ1 2026$49.9MQ2 2026$60.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 28, 2026$1.3B+32%6.8%$60.0M$46.1M
Q2 202610-QJul 29, 2026$1.1B+20%6.3%$49.9M$3.3M
Q1 202610-QApr 29, 2026$1.0B+20%6.5%$46.8M$84.7M
Q4 202510-KFeb 25, 2026$974M+17%4.8%$36.5M$115M
Q3 202510-QOct 29, 2025$950M+7%4.9%$32.1M$95.6M
Q2 202510-QJul 30, 2025$900M+9%4.4%$26.5M$32.9M
Q1 202510-QApr 30, 2025$834M+2%4.1%$23.3M$83.3M

Charts

MYR Group: revenue growth, year over year and quarter over quarterMYR Group: revenue growth, year over year and quarter over quarterY/YQ/Q+2%Q1 2025+9%+8%Q2 2025+7%+6%Q3 2025+17%+2%Q4 2025+20%+3%Q1 2026+20%+8%Q2 2026+32%+16%Q3 2026
Latest (Q3 2026): Y/Y +32%, Q/Q +16%.
MYR Group: where the cash came from (+) and went (−), TTM to Q3 2026MYR Group: where the cash came from (+) and went (−), TTM to Q3 2026Other investing−$325MOperating cash flow$249MOther financing$196MCapital spending−$112MNet borrowing (+) / repaid (−)−$55.8MCash drawn (+) / kept (−)$50.2MTaxes on employees’ shares−$7.3MAsset & business sales$6.2MBuybacks−$1.3MExchange rates−$173K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
MYR Group: profit against cash, quarter by quarterMYR Group: profit against cash, quarter by quarterNet incomeOperating cash flow$16.0M$21.1MQ4 2024$23.3M$83.3MQ1 2025$26.5M$32.9MQ2 2025$32.1M$95.6MQ3 2025$36.5M$115MQ4 2025$46.8M$84.7MQ1 2026$49.9M$3.3MQ2 2026$60.0M$46.1MQ3 2026
Latest (Q3 2026): Net income $60.0M, Operating cash flow $46.1M.
MYR Group: diluted shares by fiscal yearMYR Group: diluted shares by fiscal year17MFY202017MFY202117MFY202217MFY202317MFY202416MFY2025
-6.9% since FY2020: buybacks shrank the count.
MYR Group in its industry: growth against margin (7 companies, SIC 1623)MYR Group in its industry: growth against margin (7 companies, SIC 1623)revenue growth, year over year →↑ operating marginmedian +30%median 6%MTZDYPRIMITGPLPCESOAMYRG (+32%, 7%)
Water, Sewer, Pipeline, Comm & Power Line Construction; dot size is quarterly revenue; dashed lines are the industry's medians.

In supply chains and themes

Power grid & electrification money flowPower grid & electrification · Grid contractors

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About MYR Group

We are a holding company of specialty electrical construction service providers that was established in 1995 through the merger of long-standing specialty contractors. Through our subsidiaries, we serve the electric utility infrastructure, commercial and industrial construction markets. Our operations are currently conducted through wholly-owned subsidiaries. We primarily provide electrical construction services through a network of local offices located throughout the United States and Canada. We provide a broad range of services, including design, engineering, procurement, construction, upgrade, maintenance and repair services, with a particular focus on construction, maintenance and repair.

In its own words, from its 10-K, filed Feb 25, 2026.

MYR Group against its Water, Sewer, Pipeline, Comm & Power Line Construction peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +32% against the peers' median +30%. Operating margin: 6.8% against the peers' median 5.6%.

CompanyQuarterRevenueY/YOp. margin
MYRG MYR GroupQ3 2026$1.3B+32%6.8%
MTZ MastecQ3 2026$5.2B+30%5.3%
DY Dycom IndustriesQ2 FY27$2.0B+46%9.6%
PRIM Primoris ServicesQ3 2026$2.0B-10%4.9%
ITG ITGQ2 2026$405M+38%5.6%
PLPC Preformed Line ProductsQ3 2026$210M+18%11.9%
ESOA Energy Services of AmericaQ3 FY26$130M+26%3.6%

Source: MYR Group 10-Q on SEC EDGAR · CIK 700923 · Water, Sewer, Pipeline, Comm & Power Line Construction

13F: who owns MYRG and who is buying

Largest holders of MYRG (13F)Largest holders of MYRG (13F)BlackRock$1.2BVanguard Portfolio Management LLC$416MVanguard Capital Management LLC$345MState Street$313MGeode Capital Management, LLC$283MVanguard Group$277MFisher Asset Management, LLC$237MPrice T Rowe Associates$225MDimensional Fund Advisors LP$171MMassachusetts Financial Services$162M
Funds' net buying of MYRG by quarter (13F)Funds' net buying of MYRG by quarter (13F)−$56.0M2024-09$92.1M2024-12−$37.3M2025-03$13.1M2025-06$26.6M2025-09−$60.3M2025-12−$44.0M2026-03$99.8M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on MYRG

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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