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TickerMYRG
SectorEngineering & Construction
Mkt cap$6.8B
EV / EBITDA25.7×
PostureHigh Velocity
Composite62/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 700923

MYR Group Inc.

MYRGHIGH VELOCITYFILING INTENSITY

MYR Group Inc. reads as an High Velocity (composite 62/100); Consistent Strategic Buyer deploying $112M across 1 disclosed transactions, running flat vs the prior cycle · primary market E&C.

Lens

Disclosed M&A capital (2023–2025)

$112M

flat

vs $111M in 2020–2022

Disclosed transactions

1

flat

1/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

62

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$3.8B
EBITDA$261M
Enterprise value$6.7B
EV / Revenue1.8×
EV / EBITDA25.7×
P/EN/A
Cash$163M
Total debt$9M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

22/100

Companies actively deploying disclosed capital into M&A

  • $386M disclosed buyer spend

Buyer Cadence

4/100

Buyer-side companies with recent filing activity

  • 195 8-Ks

Target Probability

10/100

Issuers showing target-side patterns from filings

  • 2 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 2 activism filings

Pressure Watch

12/100

Issuers facing activism, governance, or control pressure

  • 2 activism filings
  • Latest activism 27y ago; heavily discounted

Distress Watch

9/100

Issuers showing financial-distress filing patterns

  • 2 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
62/100

Issuers with the highest filing-activity intensity

  • 195 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $6.7B
  • 10-Q 73d ago
  • 1 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $112M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/AN/AN/AN/A
20231$112M$112MN/A
20221$111M$111MN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

Stagnant or declining economic conditions could result in the delay, reduction or cancellation of certain projects and could cause our customers to outsource less work, which could adversely affect us in the future.

10-KFY2025

The demand for our services from our customers has been, and will likely continue to be, cyclical in nature and vulnerable to downturns in the industries we serve as well as the economy in general.

10-KFY2025

Negative economic changes could be magnified by adverse rate cases limiting the capital expenditure budgets of our customers and leading to lower demand for our services.

10-KFY2024
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

E&C

Market spend (2023–2025)
$50.9B
Market spend (2020–2022)
$33.3B
Recent vs prior
+53%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

25.7×EV / EBITDA

MYRG trades at a +5.1-turn premium to the E&C peer median of 20.6×.

EV / Revenue
1.8×
Net debt / EBITDA
-0.6×
Peer median EV / EBITDA
20.6×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
46.8×3.8×2.0×$30B$5.4B
MYR Group Inc.MYRG
25.7×1.8×-0.6×$3.8B$112M
25.1×4.9×-0.3×$21.6B$1.2B
20.6×1.1×0.2×$9.8B$6B
19.2×1.3×3.0×$13.2B$32M
8.1×5.5×-0.4×$1.2B$598M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in E&C. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)232026-02-25
  • 10-Q (quarterly)692026-04-29
  • 8-K (event)1952026-04-29
  • Proxy / DEF 14A332026-03-04
  • Activism (13D / DFAN / PREC)22000-01-04

Signals on file

  • elevated

    Activism on file

    2000-01-04

    2 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

MYR Group Inc.: Issuer Brief | SE-Cluster