MYR (MYRG) financial statements
MYR reported revenue of $3.7B in fiscal 2025, up 13.8% a year over 9 years.
Net income was $118M and the operating margin 4.6%, against 3.4% in 2016.
Free cash flow was $232M, and the company returned $75M in net buybacks.
The diluted share count fell 10% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MYR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.4B | $1.5B | $2.1B | $2.2B | $2.5B | $3.0B | $3.6B | $3.4B | $3.7B |
| Cost of revenue | $1.0B | $1.3B | $1.4B | $1.9B | $2.0B | $2.2B | $2.7B | $3.3B | $3.1B | $3.2B |
| Gross profit | $135M | $125M | $167M | $214M | $276M | $325M | $344M | $364M | $290M | $424M |
| Selling, general and admin | $96M | $99M | $119M | $157M | $189M | $207M | $222M | $235M | $238M | $256M |
| Operating income | $39M | $30M | $50M | $57M | $87M | $119M | $115M | $129M | $54M | $167M |
| Interest expense | $1M | $3M | $4M | $6M | $5M | $2M | $4M | $5M | $7M | $6M |
| Pre-tax income | $38M | $25M | $43M | $50M | $81M | $116M | $114M | $125M | $46M | $161M |
| Income tax | $17M | $3M | $12M | $14M | $23M | $31M | $31M | $34M | $16M | $43M |
| Net income | $21M | $21M | $31M | $38M | $59M | $85M | $83M | $91M | $30M | $118M |
| EPS (diluted) | $1.23 | $1.28 | $1.87 | $2.26 | $3.48 | $4.95 | $4.91 | $5.40 | $1.83 | $7.53 |
| Diluted shares | 17M | 16M | 17M | 17M | 17M | 17M | 17M | 17M | 17M | 16M |
| Gross margin | 11.8% | 8.9% | 10.9% | 10.3% | 12.3% | 13.0% | 11.4% | 10.0% | 8.6% | 11.6% |
| Operating margin | 3.4% | 2.1% | 3.3% | 2.8% | 3.9% | 4.7% | 3.8% | 3.5% | 1.6% | 4.6% |
| Net margin | 1.9% | 1.5% | 2.0% | 1.8% | 2.6% | 3.4% | 2.8% | 2.5% | 0.9% | 3.2% |
Balance sheet
Fiscal years, from MYR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $24M | $5M | $8M | $12M | $23M | $82M | $51M | $25M | $3M | $150M |
| Receivables | $235M | $240M | $288M | $388M | $386M | $375M | $473M | $522M | $653M | $604M |
| Total current assets | $343M | $380M | $476M | $639M | $637M | $748M | $890M | $1.0B | $929M | $1.1B |
| Property, plant and equipment | $155M | $148M | $162M | $185M | $185M | $196M | $233M | $269M | $278M | $306M |
| Goodwill | $47M | $47M | $57M | $66M | $66M | $66M | $116M | $117M | $113M | $115M |
| Total assets | $573M | $604M | $749M | $1.0B | $996M | $1.1B | $1.4B | $1.6B | $1.5B | $1.6B |
| Total current liabilities | $196M | $189M | $284M | $397M | $443M | $499M | $667M | $747M | $664M | $795M |
| Long-term debt | $59M | $79M | $86M | $157M | $25M | $3M | $35M | $29M | $70M | $54M |
| Total liabilities | $310M | $317M | $424M | $643M | $567M | $602M | $839M | $928M | $888M | $984M |
| Shareholders' equity | $263M | $287M | $323M | $364M | $429M | $519M | $560M | $651M | $600M | $660M |
| Net debt | $35M | $74M | $82M | $153M | $7M | -$78M | -$10M | $11M | $71M | -$91M |
Cash flow
Fiscal years, from MYR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $54M | -$9M | $85M | $65M | $175M | $137M | $167M | $71M | $87M | $327M |
| Capital spending | $25M | $31M | $51M | $58M | $44M | $52M | $77M | $85M | $76M | $94M |
| Free cash flow | $29M | -$40M | $34M | $7M | $131M | $85M | $90M | -$14M | $11M | $232M |
| Stock-based compensation | $5M | $4M | $3M | $4M | $6M | $7M | $8M | $8M | $9M | $15M |
| Share buybacks (net) | -$101M | -$3M | -$1M | -$778,000 | $0 | $0 | -$37M | -$3M | -$75M | -$75M |
| Free cash flow margin | 2.5% | -2.9% | 2.2% | 0.3% | 5.8% | 3.4% | 3.0% | -0.4% | 0.3% | 6.3% |
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Open MYRG in InvestinglyQuestions
What was MYR's revenue in 2025?
$3.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does MYR generate?
$232M in fiscal 2025 (operating cash flow minus capital spending).
From MYR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.