Everus Construction (ECG) financial statements
Everus Construction reported revenue of $3.7B in fiscal 2025, up 11.5% a year over 3 years.
Net income was $202M and the operating margin 7.1%, against 6.1% in 2022.
Free cash flow was $90M.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Everus Construction's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $2.7B | $2.9B | $2.8B | $3.7B |
| Cost of revenue | $2.4B | $2.5B | $2.5B | $3.3B |
| Gross profit | $276M | $322M | $339M | $454M |
| Selling, general and admin | $111M | $131M | $150M | $189M |
| Operating income | $165M | $191M | $190M | $265M |
| Interest expense | $6M | $17M | $14M | $21M |
| Pre-tax income | $160M | $178M | $181M | $258M |
| Income tax | $41M | $45M | $50M | $72M |
| Net income | $125M | $137M | $143M | $202M |
| EPS (diluted) | $2.45 | $2.69 | $2.81 | $3.95 |
| Diluted shares | 51M | 51M | 51M | 51M |
| Gross margin | 10.2% | 11.3% | 11.9% | 12.1% |
| Operating margin | 6.1% | 6.7% | 6.7% | 7.1% |
| Net margin | 4.6% | 4.8% | 5.0% | 5.4% |
Balance sheet
Fiscal years, from Everus Construction's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $2M | $2M | $86M | $170M |
| Receivables | — | $450M | $590M | $770M |
| Inventory | — | $43M | $44M | $45M |
| Total current assets | — | $729M | $917M | $1.3B |
| Property, plant and equipment | — | $116M | $134M | $168M |
| Goodwill | — | $143M | $143M | $143M |
| Total assets | — | $1.1B | $1.3B | $1.7B |
| Total current liabilities | — | $394M | $513M | $736M |
| Long-term debt | — | $169M | $281M | $267M |
| Total liabilities | — | $604M | $866M | $1.1B |
| Shareholders' equity | $382M | $449M | $423M | $630M |
| Net debt | -$2M | $167M | $210M | $111M |
Cash flow
Fiscal years, from Everus Construction's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | -$25M | $171M | $163M | $157M |
| Capital spending | $36M | $36M | $48M | $67M |
| Free cash flow | -$61M | $136M | $115M | $90M |
| Stock-based compensation | $1M | $804,000 | $2M | $6M |
| Net borrowing | — | $0 | $300M | $0 |
| Free cash flow margin | -2.3% | 4.8% | 4.0% | 2.4% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for ECG.
Open ECG in InvestinglyQuestions
What was Everus Construction's revenue in 2025?
$3.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does Everus Construction generate?
$90M in fiscal 2025 (operating cash flow minus capital spending).
From Everus Construction's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.