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How MYR Group (MYRG) makes money

MYR Group (MYRG) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +32% from a year earlier. C&I brought in $704M (56%); T&D brought in $555M (44%). Of every dollar of revenue, 14¢ was left as gross profit, 7¢ was left as operating profit, 5¢ was left as net earnings.

Drawing the Sankey…

MYR Group revenue by segment, Q3 2026MYR Group revenue by segment, Q3 2026C&I$704MT&D$555M
MYR Group: revenue by line, Q1 2025 to Q3 2026MYR Group: revenue by line, Q1 2025 to Q3 2026T&DC&IT&D: $555M latest$555MC&I: $704M latest$704MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
C&I went from 45% of revenue in Q1 2025 to 56% in Q3 2026, the largest shift in the mix.
MYR Group revenue by quarterMYR Group revenue by quarter$834MQ1 2025$900MQ2 2025$950MQ3 2025$974MQ4 2025$1.0BQ1 2026$1.1BQ2 2026$1.3BQ3 2026
MYR Group: where each dollar of revenue goesMYR Group: where each dollar of revenue goesCost of revenue86¢Gross profit14¢Operating expenses7¢Operating profit7¢Income tax2¢Net earnings5¢Operating cash flow4¢Free cash flow1¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
C&I$704M56.0%+26%+58%
T&D$555M44.0%+6%+10%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$1.3B100.0%
Cost of revenue$1.1B86.4%
Gross profit$171M13.6%
Operating expenses$86.1M6.8%
Operating profit$85.1M6.8%
Income tax$22.3M1.8%
Net earnings$60.0M4.8%
Operating cash flow$46.1M3.7%
Free cash flow$9.2M0.7%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$1.3B+32%
Q2 2026$1.1B+20%
Q1 2026$1.0B+20%
Q4 2025$974M+17%
Q3 2025$950M+7%
Q2 2025$900M+9%
Q1 2025$834M+2%

From MYR Group's 10-Q filed Oct 28, 2026 (on EDGAR).

Questions

How does MYR Group make money?

MYR Group (MYRG) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +32% from a year earlier. C&I brought in $704M (56%); T&D brought in $555M (44%). Of every dollar of revenue, 14¢ was left as gross profit, 7¢ was left as operating profit, 5¢ was left as net earnings.

What is MYR Group's biggest business?

C&I: $704M in the third quarter 2026, 56% of revenue, +58% from a year earlier.

What is MYR Group's profit margin?

Net earnings were $60.0M, 4.8% of revenue, in the third quarter 2026; the operating margin was 6.8%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.