MYR Group Inc'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), MYR Group Inc reported net income of $118.4M (+291.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Contract revenues | $3.7B | $3.4B | $3.6B | $3.0B |
| Contract costs | $3.2B | $3.1B | $3.3B | $2.7B |
| Gross profit | $423.8M | $290.3M | $364.4M | $344.0M |
| Selling, general and administrative expenses | $256.4M | $238.2M | $234.6M | $222.4M |
| Amortization of intangible assets | $4.8M | $4.9M | $4.9M | $9.0M |
| Gain on sale of property and equipment | ($4.3M) | ($6.9M) | ($4.2M) | ($2.4M) |
| Income from operations | $166.9M | $54.1M | $129.1M | $114.9M |
| Interest income | $723.0K | $415.0K | $888.0K | $187.0K |
| Interest expense | ($5.6M) | ($6.5M) | ($4.9M) | ($3.6M) |
| Other expense, net | ($663.0K) | ($1.5M) | ($38.0K) | $2.7M |
| Income before provision for income taxes | $161.3M | $46.5M | $125.0M | $114.2M |
| Income tax expense | $42.9M | $16.2M | $34.0M | $30.8M |
| Net income | $118.4M | $30.3M | $91.0M | $83.4M |
| Basic (in dollars per share) | $7.57 | $1.84 | $5.45 | $4.98 |
| Diluted (in dollars per share) | $7.53 | $1.83 | $5.40 | $4.91 |
| Basic (in shares) | 15.6M | 16.5M | 16.7M | 16.8M |
| Diluted (in shares) | 15.7M | 16.5M | 16.8M | 17.0M |
| Foreign currency translation adjustment | $4.5M | ($8.8M) | $2.4M | ($6.5M) |
| Other comprehensive income (loss) | $4.5M | ($8.8M) | $2.4M | ($6.5M) |
| Total comprehensive income | $122.9M | $21.5M | $93.4M | $76.9M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Contract revenues | $1.1B | $1.0B | $950.4M | $900.3M |
| Contract costs | $939.1M | $865.9M | $838.5M | $796.6M |
| Gross profit | $142.7M | $134.4M | $111.9M | $103.7M |
| Selling, general and administrative expenses | $74.4M | $69.4M | $65.9M | $63.3M |
| Amortization of intangible assets | $1.2M | $1.2M | $1.2M | $1.2M |
| Gain on sale of property and equipment | ($891.0K) | ($922.0K) | ($1.5M) | ($600.0K) |
| Income from operations | $67.9M | $64.7M | $46.3M | $39.8M |
| Interest income | $866.0K | $910.0K | $197.0K | $45.0K |
| Interest expense | ($706.0K) | ($659.0K) | ($1.4M) | ($1.9M) |
| Other expense, net | ($974.0K) | ($948.0K) | ($297.0K) | ($533.0K) |
| Income before provision for income taxes | $67.1M | $64.0M | $44.7M | $37.4M |
| Income tax expense | $17.3M | $17.2M | $12.6M | $10.9M |
| Net income | $49.9M | $46.8M | $32.1M | $26.5M |
| Basic (in dollars per share) | $3.20 | $3.01 | $2.07 | $1.70 |
| Diluted (in dollars per share) | $3.17 | $2.99 | $2.05 | $1.70 |
| Basic (in shares) | 15.6M | 15.5M | 15.5M | 15.5M |
| Diluted (in shares) | 15.7M | 15.7M | 15.6M | 15.6M |
| Foreign currency translation adjustment | ($1.6M) | ($1.3M) | ($1.8M) | $4.9M |
| Other comprehensive income (loss) | ($1.6M) | ($1.3M) | ($1.8M) | $4.9M |
| Total comprehensive income | $48.2M | $45.5M | $30.3M | $31.3M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $150.2M | $3.5M | $24.9M | $51.0M |
| Accounts receivable, net of allowances of $934 and $1,129, respectively | $603.7M | $653.1M | $521.9M | $472.5M |
| Contract assets, net of allowances of $534 and $422, respectively | $241.8M | $301.9M | $420.6M | $300.6M |
| Current portion of receivable for insurance claims in excess of deductibles | $10.1M | $9.1M | $8.3M | $9.3M |
| Refundable income taxes | $0 | $4.6M | $4.0M | $8.9M |
| Prepaid expenses and other current assets | $55.0M | $42.5M | $46.5M | $47.8M |
| Total current assets | $1.1B | $1.0B | $1.0B | $890.3M |
| Property and equipment, net of accumulated depreciation of $413,962 and $387,223, respectively | $306.4M | $278.2M | $269.0M | $233.2M |
| Operating lease right-of-use assets | $42.4M | $42.6M | $35.0M | $30.5M |
| Goodwill | $115.3M | $113.0M | $117.0M | $115.8M |
| Intangible assets, net of accumulated amortization of $39,967 and $34,573, respectively | $72.5M | $75.7M | $83.5M | $87.6M |
| Receivable for insurance claims in excess of deductibles | $21.4M | $34.6M | $33.7M | $34.2M |
| Deferred income taxes | $12.7M | $5.7M | — | — |
| Investment in joint venture | $3.2M | $3.7M | $8.7M | $3.7M |
| Other assets | $9.4M | $5.8M | $5.6M | $3.5M |
| Total assets | $1.6B | $1.6B | $1.6B | $1.4B |
| Current portion of long-term debt | $4.6M | $4.4M | $7.1M | $5.1M |
| Current portion of operating lease obligations | $13.0M | $12.1M | $9.2M | $9.7M |
| Current portion of finance lease obligations | $804.0K | $1.0M | $2.0M | $1.1M |
| Accounts payable | $314.8M | $295.5M | $359.4M | $315.3M |
| Contract liabilities, net | $300.6M | $322.0M | $240.4M | $227.1M |
| Current portion of accrued self-insurance | $28.5M | $25.9M | $28.3M | $28.8M |
| Accrued income taxes | $15.1M | $196.0K | $237.0K | $0 |
| Other current liabilities | $117.9M | $87.8M | $100.6M | $79.9M |
| Total current liabilities | $795.3M | $748.9M | $747.2M | $667.0M |
| Deferred income tax liabilities | $50.1M | $52.5M | $48.2M | $45.8M |
| Long-term debt | $54.5M | $70.0M | $29.2M | $35.5M |
| Accrued self-insurance | $42.8M | $53.6M | $51.8M | $51.3M |
| Operating lease obligations, net of current maturities | $29.4M | $30.5M | $25.8M | $20.8M |
| Finance lease obligations, net of current maturities | $1.2M | $1.9M | $314.0K | $2.3M |
| Other liabilities | $10.3M | $16.3M | $25.0M | $16.0M |
| Total liabilities | $983.7M | $973.7M | $927.5M | $838.7M |
| Preferred stock – $0.01 par value per share; 4,000,000 authorized shares; none issued and outstanding at December 31, 2025 and December 31, 2024 | $0.00 | $0.00 | $0.00 | $0.00 |
| Common stock – $0.01 par value per share; 100,000,000 authorized shares; 15,522,834 and 16,121,901 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $155000.00 | $161000.00 | $167000.00 | $165000.00 |
| Additional paid-in capital | $165.2M | $159.1M | $162.4M | $161.4M |
| Accumulated other comprehensive loss | ($8.2M) | ($12.7M) | ($3.9M) | ($6.3M) |
| Retained earnings | $503.2M | $453.7M | $492.5M | $404.9M |
| Total shareholders’ equity | $660.4M | $600.4M | $651.2M | $560.2M |
| Total liabilities and shareholders’ equity | $1.6B | $1.6B | $1.6B | $1.4B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $137.9M | $163.2M | $76.2M | $23.0M |
| Accounts receivable, net of allowances of $2,190 and $934, respectively | $653.8M | $635.7M | $600.7M | $599.6M |
| Contract assets, net of allowances of $514 and $534, respectively | $225.1M | $224.3M | $353.5M | $347.1M |
| Current portion of receivable for insurance claims in excess of deductibles | $10.1M | $9.3M | $9.5M | $10.1M |
| Refundable income taxes | $9.1M | $1.8M | $5.6M | $4.4M |
| Prepaid expenses and other current assets | $41.7M | $51.0M | $22.8M | $33.4M |
| Total current assets | $1.1B | $1.1B | $1.1B | $1.0B |
| Property and equipment, net of accumulated depreciation of $435,570 and $413,962, respectively | $315.7M | $307.7M | $291.9M | $281.9M |
| Operating lease right-of-use assets | $56.2M | $50.4M | $44.8M | $45.3M |
| Goodwill | $113.5M | $114.5M | $114.5M | $115.5M |
| Intangible assets, net of accumulated amortization of $41,854 and $39,967, respectively | $68.9M | $70.7M | $73.2M | $75.0M |
| Receivable for insurance claims in excess of deductibles | $19.2M | $19.8M | $34.6M | $34.2M |
| Deferred income taxes | $9.8M | $12.5M | $5.9M | $6.0M |
| Investment in joint ventures | $3.2M | $3.4M | $3.8M | $4.6M |
| Other assets | $8.4M | $9.2M | $8.3M | $6.8M |
| Total assets | $1.7B | $1.7B | $1.6B | $1.6B |
| Current portion of long-term debt | $4.7M | $4.7M | $4.6M | $4.5M |
| Current portion of operating lease obligations | $13.1M | $12.8M | $13.1M | $12.8M |
| Current portion of finance lease obligations | $790.0K | $799.0K | $824.0K | $915.0K |
| Accounts payable | $338.9M | $332.4M | $298.2M | $308.2M |
| Contract liabilities, net | $245.8M | $281.5M | $302.5M | $286.3M |
| Current portion of accrued self-insurance | $29.9M | $28.5M | $26.8M | $26.8M |
| Accrued income taxes | $0 | $33.0M | $8.2M | $3.6M |
| Other current liabilities | $137.5M | $134.0M | $146.7M | $123.3M |
| Total current liabilities | $770.7M | $827.7M | $800.9M | $766.4M |
| Deferred income tax liabilities | $49.9M | $49.9M | $56.3M | $53.6M |
| Long-term debt | $4.7M | $4.7M | $67.4M | $81.6M |
| Accrued self-insurance | $40.5M | $41.3M | $55.6M | $53.6M |
| Operating lease obligations, net of current maturities | $43.1M | $37.6M | $31.6M | $32.4M |
| Finance lease obligations, net of current maturities | $777.0K | $998.0K | $1.4M | $1.6M |
| Other liabilities | $8.4M | $8.4M | $14.5M | $14.5M |
| Total liabilities | $918.0M | $970.6M | $1.0B | $1.0B |
| Preferred stock—$0.01 par value per share; 4,000,000 authorized shares; none issued and outstanding at June 30, 2026 and December 31, 2025 | $0.00 | $0.00 | $0.00 | $0.00 |
| Common stock—$0.01 par value per share; 100,000,000 authorized shares; 15,569,250 and 15,522,834 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | $155000.00 | $155000.00 | $155000.00 | $155000.00 |
| Additional paid-in capital | $165.8M | $162.4M | $160.2M | $156.1M |
| Accumulated other comprehensive loss | ($11.1M) | ($9.5M) | ($9.4M) | ($7.7M) |
| Retained earnings | $599.6M | $549.8M | $466.7M | $434.6M |
| Total shareholders’ equity | $754.4M | $702.8M | $617.6M | $583.2M |
| Total liabilities and shareholders’ equity | $1.7B | $1.7B | $1.6B | $1.6B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $118.4M | $30.3M | $91.0M | $83.4M |
| Depreciation and amortization of property and equipment | $61.7M | $60.3M | $54.2M | $49.2M |
| Amortization of intangible assets | $4.8M | $4.9M | $4.9M | $9.0M |
| Stock-based compensation expense | $14.8M | $8.5M | $8.4M | $7.9M |
| Deferred income taxes | ($9.6M) | ($400.0K) | $2.1M | $9.6M |
| Gain on sale of property and equipment | ($4.3M) | ($6.9M) | ($4.2M) | ($2.4M) |
| Other non-cash items | $312.0K | $1.5M | $96.0K | $2.3M |
| Accounts receivable, net | $51.3M | ($134.5M) | ($48.5M) | ($86.9M) |
| Contract assets, net | ($22.9M) | $114.8M | ($119.2M) | ($64.4M) |
| Receivable for insurance claims in excess of deductibles | $12.2M | ($1.6M) | $1.5M | ($14.0K) |
| Prepaid expenses and other assets | ($13.3M) | $10.3M | $560.0K | $1.6M |
| Accounts payable | $19.7M | ($61.0M) | $37.3M | $109.0M |
| Contract liabilities, net | $63.4M | $82.6M | $13.2M | $58.0M |
| Accrued self-insurance | ($8.2M) | ($548.0K) | $17.0K | $5.0M |
| Other liabilities | $38.2M | ($21.1M) | $29.8M | ($13.8M) |
| Net cash flows provided by operating activities | $326.6M | $87.1M | $71.0M | $167.5M |
| Proceeds from sale of property and equipment | $8.2M | $8.7M | $5.6M | $2.0M |
| Purchases of property and equipment | ($94.4M) | ($75.9M) | ($84.7M) | ($77.1M) |
| Net cash flows used in investing activities | ($86.2M) | ($67.2M) | ($79.1M) | ($185.7M) |
| Borrowings under revolving lines of credit | $754.4M | $822.5M | $562.9M | — |
| Repayments under revolving lines of credit | ($765.4M) | ($777.3M) | ($562.6M) | — |
| Payment of principal obligations under equipment notes | ($4.4M) | ($7.1M) | ($4.6M) | ($1.0M) |
| Payment of principal obligations under finance leases | ($1.1M) | ($1.2M) | ($1.1M) | ($1.6M) |
| Proceeds from exercise of stock options | $0 | $0 | $20.0K | $40.0K |
| Debt refinancing costs | $0 | ($33.0K) | ($2.1M) | — |
| Repurchase of common stock | ($75.0M) | ($75.0M) | ($2.9M) | ($37.0M) |
| Payments related to tax withholding for stock-based compensation | ($2.7M) | ($5.9M) | ($7.9M) | ($6.8M) |
| Other financing activities | $0 | $4.0M | $0 | $0 |
| Net cash flows used in financing activities | ($94.1M) | ($40.0M) | ($18.4M) | ($9.3M) |
| Effect of exchange rate changes on cash | $378.0K | ($1.4M) | $339.0K | ($3.5M) |
| Net increase (decrease) in cash and cash equivalents | $146.7M | ($21.4M) | ($26.1M) | ($31.1M) |
| Beginning of period | $3.5M | $24.9M | $51.0M | $82.1M |
| End of period | $150.2M | $3.5M | $24.9M | $51.0M |
| Income taxes payments | $28.7M | $15.1M | $23.9M | $20.5M |
| Interest payments | $5.1M | $5.8M | $4.1M | $2.7M |
| Acquisition of property and equipment for which payment is pending | $2.0M | $3.4M | $8.5M | $2.2M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $96.7M | $46.8M | $81.9M | $49.8M |
| Depreciation and amortization of property and equipment | $33.3M | $16.5M | $45.7M | $30.1M |
| Amortization of intangible assets | $2.4M | $1.2M | $3.6M | $2.4M |
| Stock-based compensation expense | $8.9M | $3.4M | $9.8M | $5.8M |
| Deferred income taxes | $2.7M | — | $3.3M | $347.0K |
| Gain on sale of property and equipment | ($1.8M) | ($922.0K) | ($3.2M) | ($1.7M) |
| Other non-cash items | $233.0K | $294.0K | $345.0K | ($180.0K) |
| Accounts receivable, net | ($51.5M) | ($32.6M) | $53.7M | $55.7M |
| Contract assets, net | $15.6M | $16.9M | ($49.8M) | ($42.2M) |
| Receivable for insurance claims in excess of deductibles | $2.2M | $2.4M | ($511.0K) | ($742.0K) |
| Other assets | $6.4M | $3.0M | $14.2M | $4.7M |
| Accounts payable | $26.2M | $15.7M | $4.8M | $11.1M |
| Contract liabilities, net | ($54.1M) | ($18.7M) | ($19.9M) | ($36.5M) |
| Accrued self-insurance | ($907.0K) | ($1.5M) | $2.8M | $872.0K |
| Other liabilities | $1.6M | $32.2M | $64.9M | $36.6M |
| Net cash flows provided by operating activities | $88.1M | $84.7M | $211.7M | $116.1M |
| Proceeds from sale of property and equipment | $2.4M | $954.0K | $6.0M | $3.7M |
| Purchases of property and equipment | ($45.0M) | ($16.1M) | ($64.5M) | ($34.3M) |
| Net cash flows used in investing activities | ($42.7M) | ($15.2M) | ($58.5M) | ($30.6M) |
| Borrowings under revolving lines of credit | $48.0M | $48.0M | $635.0M | $488.6M |
| Repayments under revolving lines of credit | ($95.4M) | ($95.4M) | ($633.0M) | ($474.7M) |
| Payment of principal obligations under equipment notes | ($2.3M) | ($2.2M) | ($4.4M) | ($2.2M) |
| Payment of principal obligations under finance leases | ($396.0K) | ($198.0K) | ($844.0K) | ($568.0K) |
| Repurchase of common stock | $0 | $0 | ($75.0M) | ($75.0M) |
| Payments related to tax withholding for stock-based compensation | ($7.3M) | ($6.5M) | ($2.7M) | ($2.7M) |
| Net cash flows used in financing activities | ($57.4M) | ($56.3M) | ($80.9M) | ($66.5M) |
| Effect of exchange rate changes on cash | ($325.0K) | ($189.0K) | $365.0K | $429.0K |
| Net increase (decrease) in cash and cash equivalents | ($12.3M) | $13.0M | $72.7M | $19.5M |
| Beginning of period | $150.2M | $150.2M | $3.5M | $3.5M |
| End of period | $137.9M | $163.2M | $76.2M | $23.0M |
MYR Group Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.