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MYR Group

MYRG
62
Engineering & Construction · Industrials
Price
$310.87
-7.13 (-2.24%)
Market Cap
$4.84B
Exchange
NASDAQ
Winston Score
62
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Good
Growth
Strong
Cash Flow
Strong
Stability
Exceptional
Valuation
Strong

Share count falling — buybacks

8.3% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 17.2M (2021) → 15.7M (2025)

Winston Score History

The full picture

MYR Group is an electrical construction company. It builds and repairs electrical systems for two main types of customers: utility companies that need power lines and substations, and commercial or industrial businesses that need wiring inside buildings like warehouses, hospitals, and data centers. It is one of the largest specialty electrical contractors in the United States.

The company earns money by winning contracts to complete electrical construction projects, charging for labor, materials, and equipment. MYR Group operates almost entirely across the United States and Canada, with revenue typically running several billion dollars per year. Its competitive edge comes from decades of experience, a large skilled workforce, and strong relationships with repeat customers. The biggest growth driver is rising demand for electrical infrastructure tied to data centers, grid modernization, and renewable energy projects — though labor shortages and tight project margins remain ongoing risks to profitability.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+20.1% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+88.2% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

1.9%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$138M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

MYR Group is a rare growth stock that's already generating positive cash flow while growing at 20%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Profit per sale
Gross Margin
13.3%
Thin — 13.3% gross margin
Profit after running costs
Operating Margin
6.4%
Modest — 6.4% operating margin
Return on the money invested
ROCE
27.1%
Exceptional — 27.1% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+16.1%
Fast-growing sales (+16.1% YoY)
Profit growth
EPS YoY
+121.5%
Earnings growing fast (+121.5% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
181%
Turns 181% of profit into real cash
Spare cash per sale
FCF Margin
5.5%
Thin free cash flow (5.5%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.09
Conservative — low debt load (0.09)
Covers its interest
Interest Cover
231.23x
Comfortably covers interest (231.2x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
29.2x
Growth-priced — P/E 29.2

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+9.3
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (29.2 → 20.0)

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Dividends

Not applicable for this business.
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