MYR Group Q3 revenue rises to $950.4 million; record net income of $32.1 million
MYR Group reported third-quarter 2025 revenue of $950.4 million, up $62.4 million from a year earlier, and net income of $32.1 million, or $2.05 per diluted share, compared with $10.6 million, or $0.65 per share, in the third quarter of 2024. Gross margin rose to 11.8 percent from 8.7 percent, and backlog reached $2.66 billion as of September 30, 2025, which points to stronger profitability and demand for shareholders. The filing does not include updated financial guidance.
Key points
- Q3 2025 revenue was $950.4 million, up $62.4 million from Q3 2024.
- Q3 2025 net income was $32.1 million, or $2.05 per diluted share, versus $10.6 million, or $0.65 per diluted share, a year earlier.
- Gross margin increased to 11.8 percent from 8.7 percent; backlog was $2.66 billion as of September 30, 2025.
- Management will host a conference call on Thursday, October 30, 2025, at 8:00 a.m. Mountain time.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.