Filing Flows › MYR Group (MYRG) › Q3 2026 › vs Q2 2026
MYR Group (MYRG) Q3 2026 vs Q2 2026 (quarter over quarter)
MYR Group's revenue rose $177M (+16%) from $1.1B in Q2 2026 to $1.3B in Q3 2026. The biggest changes: C&I +$147M (+26%); T&D +$30.5M (+6%). Gross margin 13.6% against 13.2% (+0.4 pts).
MYR Group, Q3 2026: revenue $1.3B (+32% year over year), operating margin 6.8%, net earnings $60.0M, operating cash flow $46.1M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 13.6% | 13.2% | +0.4 pts |
| Operating margin | 6.8% | 6.3% | +0.5 pts |
| Net margin | 4.8% | 4.6% | +0.2 pts |
| Free cash flow margin | 0.7% | -2.4% | +3.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| C&I | $704M | $558M | $147M | +26% |
| T&D | $555M | $524M | $30.5M | +6% |
| Revenue | $1.3B | $1.1B | $177M | +16% |
| Gross profit | $171M | $143M | $28.6M | +20% |
| Cost of revenue | $1.1B | $939M | $149M | +16% |
| Operating profit | $85.1M | $67.9M | $17.2M | +25% |
| Operating expenses | $86.1M | $74.7M | $11.4M | +15% |
| Pre-tax earnings | $82.3M | $67.1M | $15.2M | +23% |
| SG&A | $81.5M | $74.4M | $7.1M | +10% |
| Other operating costs | $4.6M | $319K | $4.3M | 14× |
| Net earnings | $60.0M | $49.9M | $10.2M | +20% |
| Income tax | $22.3M | $17.3M | $5.0M | +29% |
| Depreciation & amortization | $24.4M | $18.0M | $6.4M | +35% |
| Share-based compensation | $4.5M | $5.5M | −$995K | -18% |
| Working capital & other | $42.8M | $70.0M | −$27.2M | -39% |
| Operating cash flow | $46.1M | $3.3M | $42.8M | 14× |
| Free cash flow (OCF − capex) | $9.2M | −$25.6M | $34.7M | — |
| Capital expenditures | $36.9M | $28.9M | $8.0M | +28% |
Questions
How much did MYR Group's revenue grow quarter over quarter in Q3 2026?
MYR Group's revenue rose $177M (+16%) from $1.1B in Q2 2026 to $1.3B in Q3 2026.
What drove MYR Group's revenue change in Q3 2026?
C&I +$147M (+26%); T&D +$30.5M (+6%).