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MYR Group cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$9.2M in Q3 2026 · $137M over twelve months

Operating cash flow$46.1M
Capital spending−$36.9M
Free cash flow+$9.2M
Cash / net income0.8×
Cash conversion cycle22 days

Analysis

In Q3 2026, MYR Group generated $46.1M of operating cash flow and spent $36.9M on capital projects, leaving free cash flow of $9.2M. That is $56.3M less than in Q3 2025 ($65.4M).

Over the twelve months to Sep 30, 2026, operating cash flow was $249M; the largest uses were other investing ($325M), capital spending ($112M), net borrowing (+) / repaid (−) ($55.8M); besides operations, cash came from other financing ($196M), asset & business sales ($6.2M); the cash balance fell by $50.2M.

Operating cash flow was $46.1M against net income of $60.0M — 0.8× profit, less cash than reported earnings, worth checking against working capital. The largest differences: receivables −$42.5M, contract assets −$37.1M, depreciation & amortization +$24.4M.

Its cash conversion cycle was 22 days (receivables 53 + inventory 0 − payables 31).

Free cash flow

MYR Group: free cash flow by quarterMYR Group: free cash flow by quarter$8.8MQ4 2024$70.2MQ1 2025$11.6MQ2 2025$65.4MQ3 2025$84.9MQ4 2025$68.6MQ1 2026−$25.6MQ2 2026$9.2MQ3 2026
Operating cash flow less capital spending.
MYR Group: operating cash flow against capital spendingMYR Group: operating cash flow against capital spendingOperating cash flowCapital spending$21.1M$12.3MQ4 2024$83.3M$13.1MQ1 2025$32.9M$21.2MQ2 2025$95.6M$30.2MQ3 2025$115M$29.9MQ4 2025$84.7M$16.1MQ1 2026$3.3M$28.9MQ2 2026$46.1M$36.9MQ3 2026
Latest (Q3 2026): Operating cash flow $46.1M, Capital spending $36.9M.

Capital allocation, year by year

MYR Group: where the cash came from (up) and went (down), by fiscal yearMYR Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $137MFY2021: Net borrowing −$25.3MFY2021: Shares issued $498KFY2021: Asset sales $3.1MFY2021: Capital spending −$52.4M$141MFY2021FY2022: Operating cash flow $167MFY2022: Net borrowing $34.5MFY2022: Shares issued $40KFY2022: Asset sales $2.0MFY2022: Capital spending −$77.1MFY2022: Acquisitions −$111MFY2022: Buybacks −$37.0M$204MFY2022FY2023: Operating cash flow $71.0MFY2023: Net borrowing −$5.5MFY2023: Shares issued $20KFY2023: Asset sales $5.6MFY2023: Capital spending −$84.7MFY2023: Buybacks −$2.9M$76.6MFY2023FY2024: Operating cash flow $87.1MFY2024: Net borrowing $36.9MFY2024: Asset sales $8.7MFY2024: Capital spending −$75.9MFY2024: Buybacks −$75.0M$133MFY2024FY2025: Operating cash flow $327MFY2025: Net borrowing −$16.4MFY2025: Asset sales $8.2MFY2025: Capital spending −$94.4MFY2025: Buybacks −$75.0M$335MFY2025
Over these 5 years operating cash flow totalled $789M; the largest uses were capital spending ($384M) and buybacks ($190M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$26.0M
Debt$216M
Net debt$190M
Due within a year$17.0M

MYR Group funds itself: free cash flow was $137M over the last twelve months, and $26.0M of cash and investments stands against $216M of debt ($17.0M due within a year, 1.5× covered by cash).

Where the cash came from and went

MYR Group: sources (+) and uses (−) of cash, Q3 2026MYR Group: sources (+) and uses (−) of cash, Q3 2026Other investing−$325MOther financing$196MCash drawn (+) / kept (−)$112MOperating cash flow$46.1MCapital spending−$36.9MNet borrowing (+) / repaid (−)$7.4MAsset & business sales$1.6MBuybacks−$1.3MExchange rates$139K
MYR Group: sources (+) and uses (−) of cash, TTM to Q3 2026MYR Group: sources (+) and uses (−) of cash, 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 profit to cash

MYR Group: net income to operating cash flow, Q3 2026MYR Group: net income to operating cash flow, Q3 2026Net income$60.0MDepreciation & amortization$24.4MStock-based pay$4.5MDeferred taxes−$363KGains on disposals−$1.5MOther non-cash$353KReceivables−$42.5MPayables$7.5MDeferred revenue−$702KContract assets−$37.1MPrepaid and other assets$11.7MOther liabilities$17.7MOperating cash flow$46.1M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202653—3122
Q2 202654—3322
Q1 202656—3422
Q4 202557—3324
Q3 202558—3325
Q2 202559—3425
Q1 202566—3630
Q4 202468—3929

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$46.1M−$36.9M−$1.3M$7.4M$112M$9.2M
Q2 2026$3.3M−$28.9M—−$202K$25.3M−$25.6M
Q1 2026$84.7M−$16.1M—−$49.9M−$13.0M$68.6M
Q4 2025$115M−$29.9M—−$13.2M−$73.9M$84.9M
Q3 2025$95.6M−$30.2M—−$14.4M−$53.3M$65.4M
Q2 2025$32.9M−$21.2M—−$1.3M−$12.1M$11.6M
Q1 2025$83.3M−$13.1M−$75.0M$12.5M−$7.4M$70.2M
Q4 2024$21.1M−$12.3M—−$17.9M$4.1M$8.8M

MYR Group: income statement and cash flow

MYR Group, Q3 2026: revenue $1.3B (+32% year over year), operating margin 6.8%. The chart follows the revenue to costs, profit and cash.

MYR Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.