Filing Flows › MYR Group (MYRG) › Q2 2025
MYR Group (MYRG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
MYR Group (MYRG) reported revenue of $900M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +8% from the quarter before. Operating margin was 4.4%, net earnings $26.5M (2.9% of revenue).
MYR Group, Q2 2025: revenue $900M (+9% year over year), operating margin 4.4%, net earnings $26.5M, operating cash flow $32.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $900M | +8% | +9% |
| Gross profit | $104M | +7% | +154% |
| Operating profit | $39.8M | +16% | — |
| Net earnings | $26.5M | +14% | — |
| Operating cash flow | $32.9M | -61% | +45% |
| Free cash flow | $11.6M | -83% | +365% |
What changed
Revenue was $900.3M in Q2 2025, up 9% year over year and up 8% from the previous quarter. T&D was the largest line at 56% of revenue. T&D added $48.1M year over year (up 10%), 67% of the total change.
Gross margin was 11.5%, up 6.6 points from a year earlier. Operating profit was $39.8M, a 4.4% margin (up 6.9 points year over year). Operating expenses grew 4% against revenue growth of 9%. Net earnings were $26.5M. The effective tax rate was 29.2%.
Operating cash flow was $32.9M (up 45% year over year), 124% of net earnings. Non-cash charges added back $16.3M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $13.4M. Capital expenditures of $21.2M left free cash flow of $11.6M.
Questions
What was MYR Group's revenue in the second quarter 2025?
MYR Group (MYRG) reported revenue of $900M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +8% from the quarter before.
Was MYR Group profitable in the second quarter 2025?
Operating profit was $39.8M (4.4% of revenue) and net earnings $26.5M.
Source: MYR Group 10-Q on SEC EDGAR.