MYR GROUP INC. (MYRG) FY2025 10-K Annual Report

Filed: Feb 25, 2026
Industrials
Water, Sewer, Pipeline, Comm & Power Line ConstructionSEC EDGAR

MYR GROUP INC. (MYRG) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 25, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

MYR GROUP INC. FY2025 10-K Analysis

Business Overview

  • Core business: design, construction, operations and management services for electric power transmission, distribution, commercial and industrial construction
  • Emphasis on increased risk and cost exposure from reduced availability and higher premiums of third-party insurance, notably wildfire-related coverage
+3 more insights

Management Discussion & Analysis

  • Revenue and income by segment or total not disclosed in provided MD&A; income before taxes $161.3M in 2025 vs $46.5M in 2024
  • Effective income tax rate 26.6% in 2025 vs 34.9% in 2024 and 27.2% in 2023
+4 more insights

Risk Factors

  • Regulatory risk: delays caused by failure to timely obtain permits or meet regulatory requirements impacting project schedules and costs
  • Macroeconomic risk: tariffs and inflation increasing material costs, reducing customer spending and project awards
+3 more insights

MYR GROUP INC. FY2025 Key Financial Metrics
XBRL

Revenue

$3.7B

+8.8% YoY

Net Income

$118M

+291.3% YoY

Gross Margin

11.6%

+295bp YoY

Operating Margin

4.6%

+295bp YoY

Net Margin

3.2%

+234bp YoY

ROE

17.9%

+1289bp YoY

Total Assets

$1.6B

+4.4% YoY

EPS (Diluted)

$7.53

+311.5% YoY

Operating Cash Flow

$327M

+274.9% YoY

Source: XBRL data from MYR GROUP INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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