MYR Group
MYRGMarket price data through November 12, 2026.
Performance
Nov 2021 – Nov 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- -41%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$468
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- June 2026
- The month this stock first became a Benson pick.
- Tracking duration
- 4 months
- How long Benson has been tracking this pick.
About MYR Group
MYR Group is one of America's biggest specialty electrical contractors, building the power lines, substations, and wiring that keep the lights on. It runs two businesses: one rebuilding the electric grid for utilities, and a now-larger one wiring up data centers, hospitals, and factories. Think of them as the picks-and-shovels crew of the electricity boom.
The case for and against
Both sides of the story, in plain English.
- Record Run
MYR Group just had the best quarter in its history. Sales jumped about 32 percent to 1.26 billion dollars, and profit nearly doubled to 60 million dollars, or 3.82 dollars per share. It's also keeping more of every dollar it brings in, because projects ran smoother than planned.
- Packed Pipeline
Signed work waiting in the pipeline hit a record 3.68 billion dollars, up 38 percent from a year ago. The side that wires data centers, hospitals, and factories posted record sales of 704.5 million dollars. That's up nearly 58 percent with help from a recent acquisition, and this side is now bigger than the grid business.
- Fixed-Price Squeeze
Even in a record quarter, MYR Group kept less than 5 cents of profit from each dollar of sales. Much of its growth comes from fixed-price jobs, so if skilled electricians get pricier or a project runs long, the company pays the extra cost. Part of this quarter's boost also came from jobs wrapping up better than expected, which won't happen every quarter.
- Deal Digestion
MYR Group borrowed money to buy Valley Electric and Comet Electric, and the costs are showing up. Interest costs more than doubled to 3.6 million dollars this quarter, and overhead climbed to 81.5 million dollars from 65.9 million a year ago. Folding in new companies takes focus, and the stock tends to swing about 30 percent more than the overall market.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-11-12. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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