Filing Flows › MYR Group (MYRG) › Q3 2026 › vs Q3 2025
MYR Group (MYRG) Q3 2026 vs Q3 2025 (year over year)
MYR Group's revenue rose $309M (+32%) from $950M in Q3 2025 to $1.3B in Q3 2026. The biggest changes: C&I +$258M (+58%); T&D +$51.1M (+10%). Gross margin 13.6% against 11.8% (+1.8 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 13.6% | 11.8% | +1.8 pts |
| Operating margin | 6.8% | 4.9% | +1.9 pts |
| Net margin | 4.8% | 3.4% | +1.4 pts |
| Free cash flow margin | 0.7% | 6.9% | -6.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| C&I | $704M | $447M | $258M | +58% |
| T&D | $555M | $503M | $51.1M | +10% |
| Revenue | $1.3B | $950M | $309M | +32% |
| Gross profit | $171M | $112M | $59.3M | +53% |
| Cost of revenue | $1.1B | $839M | $249M | +30% |
| Operating profit | $85.1M | $46.3M | $38.8M | +84% |
| Operating expenses | $86.1M | $65.6M | $20.5M | +31% |
| Pre-tax earnings | $82.3M | $44.7M | $37.6M | +84% |
| Net earnings | $60.0M | $32.1M | $27.9M | +87% |
| Income tax | $22.3M | $12.6M | $9.7M | +77% |
| Depreciation & amortization | $24.4M | $16.7M | $7.6M | +46% |
| Share-based compensation | $4.5M | $4.0M | $458K | +11% |
| Working capital & other | $42.8M | −$42.7M | $85.5M | — |
| Operating cash flow | $46.1M | $95.6M | −$49.5M | -52% |
| Free cash flow (OCF − capex) | $9.2M | $65.4M | −$56.3M | -86% |
| Capital expenditures | $36.9M | $30.2M | $6.7M | +22% |
Questions
How much did MYR Group's revenue grow year over year in Q3 2026?
MYR Group's revenue rose $309M (+32%) from $950M in Q3 2025 to $1.3B in Q3 2026.
What drove MYR Group's revenue change in Q3 2026?
C&I +$258M (+58%); T&D +$51.1M (+10%).