- MYR Group, headquartered in Thornton, Colorado, is a leading specialty contractor serving the electric utility infrastructure, commercial, and industrial construction markets in the U.S. and Canada, with a record backlog of $2.82 billion as of Q4 2025.
- In Q4 2025, MYR Group reported record revenues of $973.5 million and net income of $36.5 million, representing a 129.1% increase year-over-year, and received upgrades from analysts, including Zacks Research, which raised their rating to 'strong-buy'.
- The company has established partnerships with various utility companies and has been involved in significant projects, such as delivering battery storage solutions in Arizona, showcasing its capabilities in clean energy infrastructure.
- MYR Group's ideal buyers include electric utility companies and large-scale commercial developers seeking reliable electrical construction services, particularly as they expand their infrastructure to meet growing energy demands and sustainability goals.
MYR Group's workforce is organized into 18 departments, with the largest being Operations, which employs 267 individuals. The Executive department follows with 105 employees, while Information Technology supports the organization with a headcount of 85. This distribution indicates a strong operational focus, complemented by essential executive oversight and technological support, allowing for a balanced approach to engineering and construction projects.
The company operates across 103 locations, with a significant concentration in Rolling Meadows, IL, housing 265 employees. Other notable locations include Castle Rock, CO, with 47 employees, and Henderson, CO, with 24. The large 'Other' category, comprising 590 employees, suggests a distributed workforce model, indicating that many employees are situated in smaller offices or remote settings, contributing to a geographically diverse operational footprint.
