Everus Construction Group, Inc. (ECG) Stock Price & How to Invest
Short answer
ECG is Everus Construction Group, a US specialty contractor that builds electrical, mechanical, and power-line infrastructure, with fast-growing exposure to data center construction. It spun off from MDU Resources in November 2024 and now trades on the NYSE as an independent company.
ECG stock price
As of 2026-07-01, Everus Construction Group, Inc. (ECG) last closed at $151.02, up 135.8% over the past year. Over the past 52 weeks it has traded between $64.05 and $169.16.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Everus Construction Group, Inc.'s investor relations page. Walnut is informational, not investment advice.
What does Everus Construction Group, Inc. (ECG) do?
Everus Construction Group is a specialty construction and infrastructure services company headquartered in Bismarck, North Dakota. It operates through roughly 15 wholly owned operating companies that go to market under local brands, organized into two segments. The Electrical & Mechanical (E&M) segment installs and maintains electrical and communication wiring, fire-suppression systems, mechanical piping, and renewables infrastructure for commercial, industrial, and public customers. The Transmission & Distribution (T&D) segment builds and maintains overhead and underground electrical, gas, and communication lines, plus transportation lighting, and manufactures line-construction tools and equipment. A major growth driver is data center construction, where the company cites more than 14 years of experience and strong, visible demand from large customers.
Everus became a standalone public company on November 1, 2024, when MDU Resources completed its spinoff of the construction business. That short public history means investors are still forming a track record for it, even though the underlying operating companies have long histories. The company grew fiscal 2025 revenue about 31% to ~$3.75 billion with net income near $202 million, and it has continued to add scale through acquisitions, including the roughly $158 million cash purchase of SE&M Constructors, a mechanical, electrical, and plumbing contractor. Its investment case rests on secular demand for electrical infrastructure: data centers, grid upgrades, electrification, and reshored manufacturing all require the kind of skilled contracting Everus provides.
What's driving Everus Construction Group, Inc. (ECG)?
1. Data center and electrification demand
Everus is positioned in front of a multi-year build-out of data centers, grid capacity, and electrification that is lifting demand for electrical and mechanical contractors. Management points to long-term planning with large customers as giving unusual forward visibility. This is the single most-cited reason the market assigns the stock a growth multiple.
2. Record backlog and raised guidance
Backlog reached ~$3.68 billion after the first quarter of 2026, up double digits, which supports near-term revenue. Following the SE&M acquisition, the company raised its 2026 revenue guidance to roughly $4.1 billion to $4.2 billion. Backlog is a leading indicator of work already contracted rather than a guarantee of timing or margin.
3. Growth through acquisition
Everus is a consolidator of regional specialty contractors, exemplified by the ~$158 million purchase of SE&M Constructors, which added mechanical, electrical, and plumbing capabilities at high-teens EBITDA margins. Bolt-on deals can expand geography and services faster than organic growth alone. Execution and integration risk rises with each acquisition.
4. Margin and profitability trend
The company has expanded profitability as it has scaled, with fiscal 2025 EBITDA margin around 8.5% and net income growing faster than revenue. First-quarter 2026 net income rose roughly 59% year over year on a 25% revenue increase. Sustaining that operating leverage as the business grows is central to the earnings story.
What are the risks to Everus Construction Group, Inc. (ECG)?
As a construction contractor, Everus is cyclical and sensitive to interest rates, project financing, and customer capital-spending cycles, so a slowdown in data center or infrastructure investment would hit new bookings. Much of the recent optimism is tied to data center demand, which concentrates the business around a small set of large customers and a single hot end market that could cool. Fixed-price and unit-price contracts carry cost-overrun, labor-availability, and supply-chain risk that can compress margins. As a recent spinoff, the company has a short standalone public track record, and its acquisitive strategy adds integration risk. Finally, the shares trade at a premium valuation, which leaves less room for disappointment if growth slows.
How is Everus Construction Group, Inc. (ECG) valued? (approximate, July 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Everus Construction Group, Inc.'s investor relations page or your broker.
- Revenue (FY 2025): ~$3.75 billion, up ~31%
- Net income (FY 2025): ~$202 million, up ~41%
- 2026 revenue guidance: ~$4.1 to $4.2 billion
- Backlog: ~$3.68 billion after Q1 2026
- P/E ratio (trailing): ~34x to 38x
- Market cap: ~$8 billion (stock ~$166 per share)
Figures are approximate and tied to the asOf date; verify live numbers before acting. Everus trades at a meaningful premium to traditional construction peers on both P/E (in the mid-30s) and EV/EBITDA (around 25x versus a longer-run construction median closer to the mid-teens), reflecting its data center and electrification growth. The valuation already embeds continued backlog conversion and margin gains, so the figures matter most as a gauge of how much optimism is priced in.
Who competes with Everus Construction Group, Inc. (ECG)?
Large infrastructure and utility contractors
Bigger publicly traded specialty contractors in overlapping electrical, power-line, and infrastructure markets, including Quanta Services (PWR), MasTec (MTZ), MYR Group (MYRG), and Dycom Industries (DY). They have greater scale and, in Quanta's case, revenue many times larger than Everus, giving them advantages on very large or geographically dispersed projects.
Mechanical and building-systems contractors
Companies focused on electrical, mechanical, and building-systems installation such as EMCOR Group (EME) and Comfort Systems USA (FIX), which compete with the Electrical & Mechanical segment on data center, commercial, and industrial work. They are established, profitable operators competing for the same skilled labor and projects.
Regional and private specialty contractors
A large field of regional, family-owned, and private-equity-backed specialty contractors compete for local and mid-size projects. These firms are both competitors and acquisition targets for a consolidator like Everus, and their pricing can pressure margins on smaller distribution and building work.
How to invest in Everus Construction Group, Inc. (ECG)
There are three common ways to get ECG exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so ECG sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where ECG fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on Everus Construction Group, Inc. (ECG)
Everus is a profitable, fast-growing infrastructure contractor riding the electrification and data center build-out, with fiscal 2025 revenue of ~$3.75 billion and a record backlog, though the shares trade at a growth-priced premium to traditional construction peers.
More on Everus Construction Group, Inc. (ECG)
Whether ECG is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is ECG a buy?, and where the stock could go from here in the ECG stock forecast.
For income investors, whether ECG pays a dividend and how the payout looks is covered in does ECG pay a dividend?
Build a basket around ECG with Walnut
Use Everus Construction Group, Inc. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What company is ECG?
+
ECG is the NYSE ticker for Everus Construction Group, a US specialty construction and infrastructure services company based in Bismarck, North Dakota. It builds and maintains electrical, mechanical, and power transmission and distribution infrastructure through about 15 operating companies. It became an independent public company after spinning off from MDU Resources in November 2024.
Is ECG a good stock to buy right now?
+
That depends on your goals, time horizon, and risk tolerance, and this is not investment advice. The bull case is strong data center and electrification demand, a record backlog, and rising margins. The bear case is the cyclical nature of construction, concentration in data center work, and a premium valuation. Weigh both against your own portfolio and overlap.
What does Everus Construction Group do?
+
Everus provides specialty contracting through two segments. Electrical & Mechanical installs and maintains electrical wiring, communication systems, fire suppression, mechanical piping, and renewables infrastructure. Transmission & Distribution builds overhead and underground electrical, gas, and communication lines and makes line-construction equipment. A fast-growing focus is building data centers, where it cites more than 14 years of experience.
How did Everus become a public company?
+
Everus was spun off from MDU Resources Group and began trading on the NYSE as an independent company on November 1, 2024. The spinoff separated MDU's construction services business from its regulated energy operations. Because of that short standalone history, Everus has a limited public track record even though its underlying operating companies have operated for many years.
Does ECG pay a dividend?
+
Everus does not currently pay a regular dividend. As a recently spun-off, fast-growing contractor, it reinvests cash into organic growth, working capital, and acquisitions such as SE&M Constructors rather than returning it to shareholders. Any return from ECG would come mainly from share-price appreciation rather than income, which matters if you are building a portfolio for current yield.
Why is ECG stock tied to data centers?
+
Data centers require large amounts of electrical and mechanical construction, and Everus has built them for more than 14 years. Management describes strong demand and long-term planning with major data center customers, which gives forward visibility. That exposure is a key reason the stock has re-rated higher, and it also concentrates the business around one fast-moving end market.
Who are Everus Construction Group's main competitors?
+
Everus competes with larger infrastructure and utility contractors such as Quanta Services, MasTec, MYR Group, and Dycom, and with mechanical and building-systems firms like EMCOR and Comfort Systems USA on data center and commercial work. It also competes with, and acquires, many regional and private specialty contractors. Several rivals are far larger by revenue.
What are the main risks of investing in ECG?
+
Construction is cyclical and sensitive to interest rates and customer capital spending, so a slowdown in data center or infrastructure investment would hurt new work. The business is concentrated in a hot end market and among a few large customers, and fixed-price contracts carry cost-overrun and labor risk. Its short public history, acquisitive strategy, and premium valuation add further uncertainty.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Everus Construction Group, Inc.'s investor relations page or your broker before making investment decisions.