279.26
+6.22%
Close of 9 Nov 2026, in USD
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About MYR Group
From its filings with the US Securities and Exchange Commission
MYR Group is based in Thornton, Colorado and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker MYRG. The SEC classifies its business as water, sewer, pipeline, comm & power line construction. In the fiscal year to 31 December 2025, it reported revenue of $3.66bn and net income of $118.4m. At that date it held total assets of $1.64bn and shareholders' equity of $660.4m. By business, T&D brought in 54.7% of revenue, followed by C&I at 45.3%.
We are a holding company of specialty electrical construction service providers that was established in 1995 through the merger of long-standing specialty contractors. Through our subsidiaries, we serve the electric utility infrastructure, commercial and industrial construction markets. Our operations are currently conducted through wholly-owned subsidiaries. We primarily provide electrical construction services through a network of local offices located throughout the United States and Canada. We provide a broad range of services, including design, engineering, procurement, construction, upgrade, maintenance and repair services, with a particular focus on construction, maintenance and repair.
Our principal executive offices are located at 12121 Grant Street, Suite 610, Thornton, Colorado 80241. The telephone number of our principal executive offices is (303) 286-8000.
Through our subsidiaries, we are a leading specialty contractor serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada. We manage and report our operations through two electrical contracting service segments: Transmission and Distribution (“T&D”) and Commercial and Industrial (“C&I”). We generally focus on improving our profitability by selecting projects we believe will provide attractive margins, actively monitoring the costs of completing our projects, holding customers accountable for costs related to changes to contract specifications and rewarding our employees for effectively managing costs.
Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Construction & Engineering
- Listed since
- 9 Sept 2008
- Employees
- 9,000
- Website
- myrgroup.com ↗
- Head office
- 12121 GRANT STREET, THORNTON, CO, 80241
- Incorporated in
- DE
- Classification
- Water, Sewer, Pipeline, Comm & Power Line Construction
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Kenneth HartwickIndependent Chairman of the Board$289,991
- Mr. Richard SwartzPresident, Chief Executive Officer, Director, since 2004$4.3m
- Ms. Kelly HuntingtonChief Financial Officer, Senior Vice President$1.5m
- Mr. Don EganSenior Vice President, Chief Operating Officer - Commercial and Industrial$1.3m
- Mr. Brian SternSenior Vice President and Chief Operating Officer - Transmission & Distribution$1.3m
- Mr. William FryVice President, Chief Legal Officer, Secretary$1.3m
- Ms. Aurelie RichardDirector
- Mr. Bradley FavreauIndependent Director$189,953
- Mr. Ajoy KarnaIndependent Director$189,953
- Ms. Jennifer LowryIndependent Director$209,953
- Mr. Donald LuckyIndependent Director$202,453
- Ms. Shirin O'ConnorIndependent Director$189,953
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 79
- Environment
- 59
- Social
- 91
- Governance
- 85
- Direct emissions (scope 1)
- 74,362 t
- Energy emissions (scope 2)
- 2,412 t
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- MYR Group Inc benefits from a highly experienced leadership team, with extensive knowledge and expertise in the electrical construction industry. This provides the company with a competitive advantage in delivering quality services and executing successful projects.
- The company has established a strong reputation in the industry for its exceptional performance, reliability, and customer satisfaction. This positive brand image helps MYR Group Inc attract new clients and secure repeat business.
- With a wide range of services including transmission, distribution, and substation construction, MYR Group Inc offers a comprehensive solution to its clients' electrical construction needs. This diversification mitigates risks associated with relying on a single service and provides potential for growth in various market segments.
- MYR Group Inc enjoys a strong financial position, with a healthy balance sheet and consistent profitability. This financial stability allows the company to make strategic investments, pursue growth opportunities, and withstand economic downturns.
Weaknesses
- Being primarily focused on the construction industry, MYR Group Inc is vulnerable to fluctuations in the economic and construction cycles. Downturns in the sector could significantly impact the company's revenues and profitability.
- The company's operations are concentrated in specific geographic regions, which increases the risk of being exposed to local economic downturns, regulatory changes, or natural disasters in those areas. This limits MYR Group Inc's ability to diversify its risk across broader markets.
Opportunities
- As the demand for renewable energy continues to rise, MYR Group Inc can capitalize on this trend by expanding its capabilities in renewable energy infrastructure projects. This presents an opportunity for the company to enter new markets and attract a wider range of clients.
- The ongoing advancements in technology, such as smart grids and electric vehicle infrastructure, provide MYR Group Inc with opportunities to offer innovative solutions and services. By staying at the forefront of technological developments, the company can meet evolving client needs and gain a competitive edge.
Threats
- The electrical construction industry is highly competitive, with numerous players vying for contracts. MYR Group Inc faces the risk of losing business to competitors who offer lower prices, better technology, or stronger client relationships.
- The company operates in a heavily regulated industry, and compliance with various environmental, safety, and permitting requirements can pose challenges and add costs to projects. Changes in regulations or delays in obtaining permits could impact project timelines and profitability.
- The fluctuation in labor and material costs can affect the profitability of MYR Group Inc. Increases in wages or scarcity of skilled labor, as well as volatility in raw material prices, can put pressure on profit margins and project budgets.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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