Filing Flows › MYR Group (MYRG) › Q3 2025
MYR Group (MYRG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
MYR Group (MYRG) reported revenue of $950M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +6% from the quarter before. Operating margin was 4.9%, net earnings $32.1M (3.4% of revenue).
MYR Group, Q3 2025: revenue $950M (+7% year over year), operating margin 4.9%, net earnings $32.1M, operating cash flow $95.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $950M | +6% | +7% |
| Gross profit | $112M | +8% | +45% |
| Operating profit | $46.3M | +16% | +127% |
| Net earnings | $32.1M | +21% | +201% |
| Operating cash flow | $95.6M | +191% | +168% |
| Free cash flow | $65.4M | +462% | +264% |
What changed
Revenue was $950.4M in Q3 2025, up 7% year over year and up 6% from the previous quarter. T&D was the largest line at 53% of revenue. C&I added $40.8M year over year (up 10%), 65% of the total change.
Gross margin was 11.8%, up 3.1 points from a year earlier. Operating profit was $46.3M, a 4.9% margin (up 2.6 points year over year). Of the extra revenue versus a year earlier, 42% reached operating profit, above the 2% margin then. Operating expenses grew 15% against revenue growth of 7%. Net earnings were $32.1M, up 201% year over year. The effective tax rate was 28.3%.
Operating cash flow was $95.6M (up 168% year over year), 298% of net earnings. Non-cash charges added back $16.7M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $42.7M. Capital expenditures of $30.2M left free cash flow of $65.4M.
Questions
What was MYR Group's revenue in the third quarter 2025?
MYR Group (MYRG) reported revenue of $950M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +6% from the quarter before.
Was MYR Group profitable in the third quarter 2025?
Operating profit was $46.3M (4.9% of revenue) and net earnings $32.1M.
Source: MYR Group 10-Q on SEC EDGAR.