Everus Construction Group (ECG) financial statements: income statement, balance sheet and cash flow
Everus Construction Group's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Everus Construction Group reported revenue of $3.7B (+31.5% year on year) and net income of $201.8M (+40.7% year on year).
Income statement
Everus Construction Group income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Operating revenues
$3.7B
$2.8B
Cost of sales
$3.3B
$2.5B
Gross profit
$454.1M
$339.5M
Selling, general and administrative expenses
$189.3M
$149.5M
Operating income
$264.8M
$189.9M
Interest income
$4.6M
—
Interest expense
$21.5M
$14.0M
Other income, net
$9.9M
—
Income before income taxes and income from equity method investments
$257.8M
$180.8M
Income taxes expense
$72.3M
$49.5M
Income from equity method investments
$16.3M
$12.2M
Net income
$201.8M
$143.4M
Earnings per share - basic (in dollars per share)
$3.95
$2.81
Earnings per share - diluted (in dollars per share)
$3.95
$2.81
Weighted average common shares outstanding - basic (in shares)
51.0M
51.0M
Weighted average common shares outstanding - diluted (in shares)
51.1M
51.1M
Everus Construction Group income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Operating revenues
$1.2B
$1.0B
$986.8M
$921.5M
Cost of sales
$1.0B
$906.2M
$862.6M
$801.6M
Gross profit
$182.9M
$130.7M
$124.2M
$119.9M
Selling, general and administrative expenses
$71.2M
$53.0M
$51.8M
$47.4M
Operating income
$111.8M
$77.7M
$72.4M
$72.5M
Interest income
$1.3M
$2.3M
$1.4M
—
Interest expense
$4.6M
$4.6M
$5.4M
—
Other income, net
$1.5M
$552.0K
$3.7M
$1.9M
Income before income taxes and income from equity method investments
$110.0M
$75.9M
$72.1M
$69.6M
Income taxes
$29.4M
$20.3M
$20.6M
$19.4M
Income from equity method investments
$3.3M
$2.6M
$5.5M
$2.6M
Net income
$83.9M
$58.3M
$57.0M
$52.8M
Basic (in dollars per share)
$1.64
$1.14
$1.12
$1.04
Diluted (in dollars per share)
$1.64
$1.14
$1.11
$1.03
Basic (in shares)
51.1M
51.1M
51.0M
51.0M
Diluted (in shares)
51.2M
51.2M
51.1M
51.1M
Balance sheet
Everus Construction Group balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Cash, cash equivalents and restricted cash
$170.5M
$86.0M
Receivables, net of allowance for credit losses of $5,282 and $7,097, respectively
$769.8M
—
Contract assets
$255.8M
$167.0M
Inventories
$45.3M
$43.8M
Prepayments and other current assets
$55.0M
$30.4M
Total current assets
$1.3B
$917.2M
Investments
$27.1M
$21.3M
Property, plant and equipment, net of accumulated depreciation of $174,914 and $157,278, respectively
$168.5M
$134.4M
Operating lease right-of-use assets
$88.7M
$67.0M
Goodwill
$143.2M
$143.2M
Other noncurrent assets
$4.8M
$5.2M
Total noncurrent assets
$432.4M
$371.2M
Total assets
$1.7B
$1.3B
Current portion of long-term debt
$15.0M
$15.0M
Accounts payable
$226.3M
$138.1M
Contract liabilities, net
$305.1M
$207.3M
Taxes payable
$6.5M
$6.8M
Accrued compensation
$87.0M
$67.8M
Accrued payroll-related liabilities
$47.2M
$39.0M
Current portion of operating lease liabilities
$33.9M
$26.4M
Other accrued liabilities
$15.3M
$13.0M
Total current liabilities
$736.2M
$513.4M
Long-Term Debt, Excluding Current Maturities
$266.5M
$280.6M
Deferred income taxes
$14.9M
$8.2M
Operating lease liabilities
$56.6M
$41.2M
Other noncurrent liabilities
$24.7M
$22.5M
Total noncurrent liabilities
$362.7M
$352.5M
Total liabilities
$1.1B
$865.9M
Preferred stock, 10,000,000 shares authorized, $0.01 par value, none issued and outstanding
0
—
Common stock, 300,000,000 shares authorized, $0.01 par value, 51,006,719 and 50,980,924 shares issued and outstanding at December 31, 2025 and 2024, respectively
510.0K
510.0K
Other paid-in capital
$143.6M
$138.1M
Retained earnings
$485.7M
$284.0M
Total stockholders’ equity
$629.8M
$422.6M
Total liabilities and stockholders’ equity
$1.7B
$1.3B
Everus Construction Group balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash, cash equivalents and restricted cash
$176.7M
$293.4M
$149.2M
$84.7M
Receivables, net of allowance for credit losses of $5,365 and $5,282, respectively
$919.2M
$781.6M
$743.7M
$683.0M
Contract assets
$290.2M
$258.1M
$250.5M
$244.5M
Inventories, net
$55.6M
$48.0M
$48.0M
$48.1M
Prepaid expenses
$19.6M
$22.0M
—
—
Other current assets
$15.3M
$18.3M
—
—
Total current assets
$1.5B
$1.4B
$1.2B
$1.1B
Investments
$20.4M
$22.2M
$25.7M
$20.4M
Property, plant and equipment, net of accumulated depreciation of $187,037 and $174,914, respectively
$186.9M
$174.2M
$152.0M
$150.5M
Operating lease right-of-use assets
$87.5M
$82.5M
$83.0M
$73.6M
Goodwill
$212.3M
$143.2M
$143.2M
$143.2M
Other intangible assets, net of accumulated amortization of $3,247 as of June 30, 2026
$70.3M
—
—
—
Other noncurrent assets
$3.8M
$4.4M
$4.4M
$4.6M
Total noncurrent assets
$581.1M
$426.5M
$408.3M
$392.4M
Total assets
$2.1B
$1.8B
$1.6B
$1.5B
Current portion of long-term debt
$15.0M
$15.0M
$15.0M
$15.0M
Accounts payable
$276.0M
$259.9M
$213.1M
$199.1M
Contract liabilities, net
$418.8M
$345.0M
$269.8M
$230.4M
Taxes payable
$12.5M
$22.1M
$11.8M
$10.3M
Accrued compensation
$107.8M
$70.2M
$97.4M
$74.0M
Accrued payroll-related liabilities
$52.4M
$48.9M
$43.8M
$44.7M
Current portion of operating lease liabilities
$34.8M
$32.9M
$30.9M
$28.9M
Other accrued liabilities
$12.9M
$10.0M
$10.0M
$12.0M
Total current liabilities
$930.2M
$804.0M
$691.9M
$614.3M
Long-term debt, net of unamortized issuance costs
$259.5M
$263.0M
$270.1M
$273.6M
Deferred income taxes
$11.8M
$14.9M
$12.4M
$10.8M
Operating lease liabilities
$54.9M
$51.7M
$53.6M
$45.5M
Other noncurrent liabilities
$28.0M
$27.2M
$22.7M
$22.7M
Total noncurrent liabilities
$354.2M
$356.8M
$358.8M
$352.7M
Total liabilities
$1.3B
$1.2B
$1.1B
$967.0M
Preferred stock, 10,000,000 shares authorized, $0.01 par value, none issued and outstanding
0
0
0
—
Common stock, 300,000,000 shares authorized, $0.01 par value, 51,063,836 and 51,006,719 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
511.0K
510.0K
510.0K
510.0K
Additional paid-in capital
$144.7M
$142.4M
$142.1M
$140.4M
Retained earnings
$627.9M
$544.1M
$430.5M
$373.5M
Total stockholders’ equity
$773.2M
$686.9M
$573.0M
$514.4M
Total liabilities and stockholders’ equity
$2.1B
$1.8B
$1.6B
$1.5B
Cash flow statement
Everus Construction Group cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Net income
$201.8M
$143.4M
Depreciation
$28.7M
$23.4M
Amortization of intangible assets
$116.0K
$1.9M
Deferred income taxes
$6.3M
$1.6M
Net credit loss expenses (reversals)
$636.0K
($56.0K)
Amortization of debt issuance costs
$1.6M
$263.0K
Stock-based compensation costs
$6.3M
$1.6M
Net unrealized gains on investments
($771.0K)
($585.0K)
Gain on sale of assets
($6.0M)
($7.2M)
Equity in earnings of unconsolidated affiliates, net of distributions
($5.2M)
($8.1M)
Receivables
($180.4M)
($140.3M)
Due from related-party
$0
$11.5M
Contract assets
($88.7M)
$39.2M
Inventories
($1.5M)
($1.0M)
Other current assets
($24.6M)
($12.8M)
Accounts payable
$88.4M
$14.3M
Due to related-party
$0
($2.1M)
Contract liabilities, net
$97.8M
$67.2M
Other current liabilities
$29.2M
$20.7M
Other noncurrent changes
$3.2M
$10.6M
Net cash provided by operating activities
$156.8M
$163.4M
Capital expenditures
($66.8M)
($48.3M)
Net proceeds from sale or disposition of property, plant and equipment
$10.0M
$13.7M
Proceeds from insurance contracts
$2.2M
—
Investments
($2.1M)
($2.5M)
Net cash used in investing activities
($56.8M)
($37.1M)
Repayment of related-party long-term notes payable
($15.0M)
$0
Repayment of related-party short-term notes payable
$0
$0
Issuance of long-term debt
$0
$300.0M
Proceeds under the credit facility
$0
$40.0M
Repayments under the credit facility
$0
($40.0M)
Payment of debt issuance costs
$0
($7.9M)
Tax withholding on stock-based compensation
($588.0K)
—
Contribution from MDU Resources
$0
$13.5M
Net amounts paid to MDU Resources cash management program
$0
—
Transfers to CEHI, LLC and MDU Resources
$0
($179.0M)
Net cash used in financing activities
($15.6M)
($41.9M)
Increase (decrease) in cash, cash equivalents and restricted cash
$84.5M
$84.4M
Cash, cash equivalents and restricted cash - beginning of year
$86.0M
$1.6M
Cash, cash equivalents and restricted cash - end of year
$170.5M
$86.0M
Interest paid
$19.7M
$14.8M
Income taxes paid, net
$77.8M
$50.2M
Purchases of property, plant and equipment included in accounts payable
$216.0K
$421.0K
Everus Construction Group cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$142.2M
$58.3M
$146.5M
$89.5M
Depreciation
$16.8M
$8.1M
$21.2M
$13.9M
Amortization of intangible assets
$3.2M
$0
$116.0K
$116.0K
Deferred income taxes
($3.0M)
$41.0K
$3.9M
$2.3M
Provision for credit losses, net of reversals
$372.0K
($24.0K)
($1.5M)
($1.7M)
Amortization of debt issuance costs
$788.0K
$394.0K
$1.2M
$788.0K
Stock-based compensation costs
$5.3M
$2.0M
$4.8M
$2.9M
Net unrealized gains on investments
($679.0K)
$247.0K
($566.0K)
($300.0K)
Gain on sale of assets
($3.5M)
($2.0M)
($5.1M)
($3.7M)
Equity in earnings of unconsolidated affiliates, net of distributions
$10.1M
$7.2M
($4.1M)
$909.0K
Receivables
($127.9M)
($11.7M)
($152.2M)
($91.2M)
Contract assets
($26.9M)
($2.3M)
($83.4M)
($77.5M)
Inventories, net
($10.3M)
($2.7M)
($4.2M)
($4.3M)
Other current assets
$20.1M
$14.7M
$6.3M
$1.6M
Accounts payable
$43.8M
$33.5M
$75.1M
$60.5M
Contract liabilities, net
$98.9M
$39.8M
$62.5M
$23.1M
Other current liabilities
$24.0M
($4.6M)
$36.3M
$14.3M
Other noncurrent changes
$3.5M
$2.6M
$1.8M
$1.3M
Net cash provided by operating activities
$196.8M
$143.7M
$108.6M
$32.5M
Capital expenditures
($35.6M)
($15.5M)
($42.1M)
($31.6M)
Net proceeds from sale or disposition of property, plant and equipment
$5.8M
$3.7M
$8.3M
$5.6M
Acquisition, net of cash acquired
($147.6M)
—
—
—
Proceeds from insurance contracts
$0
$0
$2.2M
$2.2M
Investments
($2.7M)
($2.5M)
($2.0M)
($1.9M)
Net cash used in investing activities
($180.2M)
($14.3M)
($33.6M)
($25.7M)
Repayment of long-term debt
($7.5M)
($3.8M)
($11.3M)
($7.5M)
Tax withholding on stock-based compensation
($3.0M)
($2.8M)
($588.0K)
($588.0K)
Net cash used in financing activities
($10.5M)
($6.5M)
($11.8M)
($8.1M)
Increase (decrease) in cash, cash equivalents and restricted cash
$6.2M
$122.9M
$63.2M
($1.3M)
Cash, cash equivalents and restricted cash - beginning of period
$170.5M
$170.5M
$86.0M
$86.0M
Cash, cash equivalents and restricted cash - end of period
$176.7M
$293.4M
$149.2M
$84.7M
Interest paid
$8.5M
$4.3M
$15.1M
$10.1M
Income taxes paid, net
$40.1M
$205.0K
$46.2M
$29.7M
Purchases of property, plant and equipment included in Accounts payable