MYR Group beat Wall Street revenue expectations in Q4 2025 with sales up 17.3% year-on-year to $973.5 million. The company's backlog reached $2.82 billion in the latest quarter, indicating strong future demand. As the transition to cleaner and more secure energy drives infrastructure investments, MYR Group operates 13 premier electrical contractors positioned to deliver these investments across geographies and markets.
Cyborg Score Rationale
Strong Q4 2025 results with 17.3% revenue growth and EPS 30.5% above estimates demonstrate operational momentum. Backlog growth exceeding revenue growth signals robust demand, though capacity constraints are a concern. Margin expansion opportunities exist but require disciplined cost management.
Top Insights
Q4 2025 revenue beat estimates by 8% with 17.3% YoY growth; strong momentum continues
Backlog of $2.82B (5.4% CAGR over 2 years) exceeds revenue growth, indicating order accumulation and future revenue visibility
Operating margin trending upward; company averaging 3.6% margin over 5 years but facing cost structure challenges
Clean energy transition and grid infrastructure investments create structural tailwinds for T&D and C&I segments
Named Competitors
Electrical Contracting Services — Infrastructure and renewable energy services
Electrical Construction — Electrical distribution and IT infrastructure
Utility Contracting — Engineering and specialty contractor services
Recent Developments
(February 2026) Announced Q4 2025 results and scheduled Jefferies Energy & Utilities Conference presentation