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MYR Group
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Latest analysis
Updated Nov 4, 2026
MYR Group posts record Q3 2026 results with $1.26B quarterly revenue and $3.68B backlog, driven by data center and grid electrification demand across both segments.
MYR Group delivered record quarterly revenue of $1.26 billion and net income of $60.0 million in Q3 2026, with LTM revenue of $4.31 billion and EBITDA of $340.7 million through September 30, 2026. Backlog expanded to $3.68 billion, up from $2.82 billion at year-end 2025, with both T&D and C&I segments at record LTM revenue levels. The July 2026 acquisition of Valley Electric and Comet Electric — combined annual revenues exceeding $400 million — adds six West Coast office locations and accelerates C&I geographic reach into Washington, California, Oregon, Idaho, and Nevada.
Tone: bullishRevenue
$3.7B
MYRG 10-K · FY 2025
Employees
9,000
Revenue FY2024
$3.4B
EBITDA margin
7.9%
Profile
MYRG 10-K Item 1 · Feb 25, 2026MYR Group Inc. is a holding company of specialty electrical construction service providers operating through two segments: Transmission and Distribution (T&D) and Commercial and Industrial (C&I). The company delivers design, engineering, procurement, construction, maintenance and repair services across electric utility infrastructure, commercial and industrial construction markets in the United States and Canada. It has operated in the T&D sector since 1891 and in C&I electrical contracting since 1912.
Read filing description ↓ Collapse description ↑
We are a holding company of specialty electrical construction service providers that was established in 1995 through the merger of long-standing specialty contractors. Through our subsidiaries, we serve the electric utility infrastructure, commercial and industrial construction markets. Our operations are currently conducted through wholly-owned subsidiaries. We primarily provide electrical construction services through a network of local offices located throughout the United States and Canada. We provide a broad range of services, including design, engineering, procurement, construction, upgrade, maintenance and repair services, with a particular focus on construction, maintenance and repair. We manage and report our operations through two electrical contracting service segments: Transmission and Distribution ('T&D') and Commercial and Industrial ('C&I'). Our T&D segment provides a broad range of services on electric transmission and distribution networks and substation facilities which include design, engineering, procurement, construction, upgrade and maintenance and repair services, with a particular focus on construction, maintenance and repair, to customers in the electric utility industry throughout the United States and Ontario, Canada. Our T&D services include the construction and maintenance of high voltage transmission lines, substations and lower voltage underground and overhead distribution systems, clean energy projects and electric vehicle charging infrastructure. Our C&I segment provides services such as the design, installation, maintenance and repair of commercial and industrial wiring, the installation of intelligent transportation systems, roadway lighting, signalization and electric vehicle charging infrastructure in the United States and western Canada.
Primary products
- high voltage transmission line construction and maintenance
- substation construction and maintenance
- underground and overhead distribution systems
- clean energy projects
- electric vehicle charging infrastructure
- emergency restoration services
Business segments
End markets
Geographies
Named competitors
“We believe that we have a favorable competitive position in the T&D markets that we serve, due in part to our operating history, our financial strength, our reputation and our relationships with our customers.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenue increased to $3.66 billion for fiscal year 2025 compared to $3.36 billion for fiscal year 2024, driven by growth in both the T&D and C&I segments.
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