---
title: "MYR Group Q4 revenue rises 17.3%, beats estimates"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276947023.md"
datetime: "2026-02-25T22:04:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276947023.md)
  - [en](https://longbridge.com/en/news/276947023.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276947023.md)
---

# MYR Group Q4 revenue rises 17.3%, beats estimates

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Overview

-   Specialty contractor’s Q4 revenue rose 17.3% yr/yr, beating analyst expectations
-   Q4 net income of $36.5 mln, driven by higher margins and productivity
-   Company reported record backlog of $2.82 bln, indicating strong future pipeline

Outlook

-   MYR Group did not provide specific financial guidance for 2026

Result Drivers

-   ELECTRIFICATION DEMAND - Increased demand for electrification and investment in electrical infrastructure drove revenue growth
-   SEGMENT REVENUE GROWTH - T&D segment revenue increased by $80.9 mln, driven by transmission and distribution projects, while C&I segment revenue rose by $62.8 mln, reflecting higher contractual margins
-   MARGIN IMPROVEMENT - Gross margin increased to 11.4% due to favorable change orders, better-than-anticipated productivity, and favorable job closeouts Company press release:

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Beat $973.50 $897.95

Revenue mln mln (8

Analysts

)

### Q4 EPS $2.33

Q4 Net $36.50

Income mln

Q4 Gross 11.40%

Margin

### Q4 $64.20

EBITDA mln

Q4 Gross $111.30

Profit mln

Analyst Coverage

-   The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 6 “strong buy” or “buy”, 2 “hold” and no “sell” or “strong sell”
-   The average consensus recommendation for the construction & engineering peer group is “buy”
-   Wall Street’s median 12-month price target for MYR Group Inc is $253.00, about 9.3% below its February 24 closing price of $279.00
-   The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 27 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

### Related Stocks

- [MYRG.US](https://longbridge.com/en/quote/MYRG.US.md)

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