MYR Group, Inc. (MYRG) Stock Price & How to Invest
Last updated July 2026
Short answer
MYRG is MYR Group, a specialty electrical construction contractor that builds and maintains power transmission, distribution, and commercial/industrial electrical infrastructure across the US and Canada. It is a real, profitable, cyclical infrastructure play riding grid-modernization and electrification spending rather than a speculative name.
MYRG stock price
As of 2026-07-21, MYR Group, Inc. (MYRG) last closed at $400.10, up 116.4% over the past year. Over the past 52 weeks it has traded between $173.81 and $501.13.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or MYR Group, Inc.'s investor relations page. Walnut is informational, not investment advice.
What does MYR Group, Inc. (MYRG) do?
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 a large skilled and union workforce and competes on execution, safety, and utility relationships rather than proprietary technology.
The investment picture centers on secular tailwinds in grid modernization, electrification, renewable interconnection, and data-center buildout, balanced against the inherent cyclicality and execution risk of a project-based contractor. MYRG carries a large, record backlog and generates recurring maintenance and storm-restoration work, but its margins can swing quarter to quarter on project mix, change orders, and closeouts. The stock trades at a premium construction multiple that embeds continued backlog growth and margin discipline.
What's driving MYR Group, Inc. (MYRG)?
1. Grid modernization and electrification spending
US and Canadian utilities are investing heavily in aging transmission and distribution infrastructure, grid hardening, and capacity to support electrification. As a leading pure-play electrical contractor, MYRG is positioned to capture a share of this multi-year utility capital cycle through its T&D segment.
2. Data centers and clean-energy demand in C&I
The Commercial & Industrial segment benefits from electrical work tied to data-center construction, transportation projects, and renewable and battery-storage facilities. C&I backlog reached roughly $1.86 billion at the most recent quarter, reflecting broad demand beyond traditional utility work.
3. Record backlog and margin recovery
Total backlog hit a record of about $2.84 billion, up roughly 8% year over year, giving visibility into future revenue. Recent quarters showed gross margin expansion (to roughly 13.4%) helped by higher-margin projects, favorable change orders, and strong closeouts, and management raised operating-margin guidance.
4. Conservative balance sheet
MYRG maintains minimal debt and meaningful cash resources, giving it flexibility to fund equipment, bond large projects, and pursue selective bolt-on acquisitions or buybacks through the construction cycle.
What are the risks to MYR Group, Inc. (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. Revenue depends on utility and commercial capital budgets, which are cyclical and sensitive to interest rates, permitting, and supply-chain conditions. Skilled-labor availability and union labor costs can constrain growth or pressure profitability. Customer concentration on large projects and reliance on timely project closeouts add variability. Finally, the shares trade at a premium earnings multiple that assumes continued backlog growth and margin strength, leaving limited room for execution disappointment.
How is MYR Group, Inc. (MYRG) valued? (approximate, JULY 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see MYR Group, Inc.'s investor relations page or your broker.
- Market cap: ~$6.1B
- Revenue (TTM): ~$3.8B
- Diluted EPS (TTM): ~$9.13
- Q1 2026 revenue: ~$1.0B
- Total backlog: ~$2.84B
- P/E (TTM): ~40x
MYRG reported record Q1 2026 results with roughly $1.0 billion in revenue (up about 20% year over year), net income near $46.8 million, and diluted EPS of about $2.99. The stock trades around a low-to-mid 40s price near a market cap of roughly $6 billion, a premium multiple that reflects backlog growth and improved margins. Figures are approximate and change with each report.
Who competes with MYR Group, Inc. (MYRG)?
Large diversified infrastructure contractors
Quanta Services and Primoris Services are much larger specialty contractors that overlap heavily in electric power transmission, distribution, and utility infrastructure, competing with MYRG for the same utility capital budgets.
Electrical and utility service firms
Companies such as Pike Corporation and regional line-construction firms compete in transmission, distribution, and storm-restoration work, often bidding on the same utility contracts.
Commercial and industrial construction peers
Broader engineering-and-construction and electrical-contracting firms compete in the C&I segment for data-center, transportation, and industrial electrical projects, where scope and pricing are highly competitive.
How to invest in MYR Group, Inc. (MYRG)
There are three common ways to get MYRG 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 MYRG sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where MYRG 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.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on MYR Group, Inc. (MYRG)
MYRG is an established electrical infrastructure contractor whose results track grid investment, backlog conversion, and project execution margins.
More on MYR Group, Inc. (MYRG)
Whether MYRG 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 MYRG a buy?, and where the stock could go from here in the MYRG stock forecast.
For income investors, whether MYRG pays a dividend and how the payout looks is covered in does MYRG pay a dividend?
Build a basket around MYRG with Walnut
Use MYR 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 does MYR Group do?
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MYR Group is a specialty electrical construction contractor. Through its T&D segment it builds high-voltage transmission lines, substations, and distribution systems for utilities, and through its C&I segment it performs electrical work for commercial and industrial projects like data centers, transportation, and clean-energy facilities.
Is MYRG profitable?
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Yes. MYR Group is consistently profitable, reporting trailing-twelve-month EPS of roughly $9.13 and record Q1 2026 net income near $46.8 million, though its margins vary quarter to quarter based on project mix and closeouts.
What are MYR Group's two business segments?
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The two segments are Transmission & Distribution (T&D), serving electric utilities, and Commercial & Industrial (C&I), serving commercial, industrial, and clean-energy customers. In Q1 2026 T&D revenue was about $541 million and C&I about $459 million.
How big is MYR Group's backlog?
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Total backlog reached a record of roughly $2.84 billion as of March 31, 2026, up about 8% year over year, split between roughly $981 million in T&D and $1.86 billion in C&I. Backlog gives visibility into future revenue but does not guarantee margins.
What drives MYRG's growth?
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Key drivers include grid modernization and electrification spending by utilities, data-center and clean-energy construction demand, storm-restoration and maintenance work, and the company's ability to convert its large backlog into revenue at healthy margins.
Who competes with MYR Group?
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Larger diversified infrastructure contractors like Quanta Services and Primoris Services, utility-service firms like Pike Corporation, and various commercial and industrial electrical contractors all compete with MYRG for utility and construction projects.
What are the main risks for MYRG?
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The main risks are project execution and cost overruns on fixed-price work, lumpy quarterly margins, cyclicality tied to utility and commercial capital budgets, skilled-labor availability and cost, and a premium valuation that leaves little room for disappointment.
How is MYRG valued?
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MYRG trades at a market cap of roughly $6.1 billion and around a 40x trailing earnings multiple as of July 2026, a premium relative to many construction peers that reflects its backlog growth, recent margin expansion, and low-debt balance sheet.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with MYR Group, Inc.'s investor relations page or your broker before making investment decisions.