MWH vs MYRG: Which Is the Better Buy in 2026?

Same yardstick, side by side (as of November 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

Reading it: MWH is the cheaper of the two on forward earnings, but cheaper is not the same as better. Pair the valuation with growth (how far the forward P/E sits below the trailing P/E) and risk (beta) before you decide.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. MWH and MYRG share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined MWH and MYRG exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

SOLV Energy designs, builds, commissions, operates and repowers large power projects, mostly utility-scale solar farms, co-located and standalone battery storage, and the high-voltage substations and transmission connections that tie them to the grid. It does not own the plants. Developers, independent power producers and utilities hire it under engineering, procurement and construction contracts, and it then keeps many of those same sites on long-term operations and maintenance agreements. The scale is the point: roughly 21 GW built across more than 500 power plants, about 22 GW under O&M contract across roughly 150 plants, and around 2,600 employees from a San Diego headquarters. Third-party rankings put it second in the Americas in solar EPC, in battery storage EPC, and in solar and storage O&M. The ticker, MWH, is a megawatt-hour.

Full MWH guide

MYR Group Inc. is a holding company for specialty electrical construction firms operating through two segments: Transmission & Distribution (T&D), which builds high-voltage transmission lines, substations, and distribution networks for utilities, and Commercial & Industrial (C&I), which handles electrical work for data centers, transportation, healthcare, manufacturing, and clean-energy facilities. Founded over a century ago and headquartered in the Denver area, the company employs roughly 9,000 people, a large skilled and union workforce, and competes on execution, safety, and utility relationships rather than proprietary technology.

Full MYRG guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• MWH drivers: Power demand pulling the build-out forward; Storage and high-voltage scope, not just panels.
• MYRG drivers: Grid modernization and electrification spending; Data centers and clean-energy demand in C&I.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: This is project-based construction, so results are lumpy and seasonal: the first quarter of 2026 produced $93 million of adjusted EBITDA but a GAAP net loss near $23 million, while the second quarter swung to $66.8 million of net income on $117 million of adjusted EBITDA. For MYRG, as a project-based contractor, MYRG faces execution risk: fixed-price contracts, cost overruns, weather delays, and unfavorable change orders can compress margins in any given quarter, and margins are historically lumpy.

Pick MWH if you believe its drivers more; MYRG if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the MWH and MYRG guides.

MWH. Trailing and forward multiples tell different stories here, which is normal for a business whose revenue grew about 77% in its latest quarter. On trailing numbers the stock screens at roughly 51 times earnings and under 10 times EV/EBITDA, while on next year's consensus EPS of about $1.70 it trades near 14 times. Eleven analysts cover the name with an average target of about $43, well above the $24.02 close, a gap that reflects genuine disagreement about margins and how much of the backlog converts on schedule.

MYRG. MYRG's multiple has compressed as earnings rose and the share price fell back: the trailing P/E is now about 27x, down from about 40x in July, and about 19x on next year's consensus EPS of roughly $14.58. Analysts expect Q3 2026 EPS of about $3.00 on ~$1.15 billion of revenue when the company reports on October 28, 2026. Figures are approximate and change with each report.

Headline figures (approximate, October 2026): MWH shows revenue (ttm) ~$3.17 billion; Q2 2026 revenue ~$951 million, up ~77% year over year, margins (ttm) ~17.5% gross, ~8.0% operating, ~3.8% net, net income / eps (ttm) ~$119 million, ~$0.47 per share; Q2 EPS $0.33 vs ~$0.24 expected, backlog ~$8.9 billion, up ~44% year over year, plus ~22 GW under O&M contract; MYRG shows revenue (ttm) ~$4.0B; Q2 2026 ~$1.08B, up ~20% year over year, margins (ttm) ~12.5% gross, ~6.2% operating, ~4.1% net, net income / eps (ttm) ~$165M, ~$10.53 per share, q2 2026 eps ~$3.17 vs ~$2.64 expected.

MWH and MYRG are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined MWH and MYRG exposure against your real portfolio. It is not an investment adviser.