What is MYR Group's contract assets?

MYR Group (MYRG) reported contract assets of $224.26M in Q1 2026.

How has MYR Group's contract assets changed year-over-year?

MYR Group's contract assets decreased by 34.4% year-over-year, from $341.63M to $224.26M.

What is the long-term trend for MYR Group's contract assets?

Over 5 years (2020 to 2025), MYR Group's contract assets has grown at a 5.4% compound annual growth rate (CAGR), from $185.8M to $241.77M.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

MYR Group MYRG Contract Assets

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Other financials

Income statement

See full

Revenue$1.0B+20.0%

Gross profit$134.4M+38.7%

Operating income$64.7M+88.7%

Net income$46.8M+101%

EPS (diluted)$2.99+106%

Balance sheet

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Cash & equivalents$163.2M+1,398%

Total debt$61.5M-53.5%

Total equity$660.4M+10.0%

Total assets$1.7B+9.9%

Cash flow

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Operating cash flow$84.7M+1.8%

CapEx$16.1M+23.5%

Free cash flow$68.6M-2.3%

Valuation

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Market cap$7.18B+140%

Enterprise value$7.08B+120%

P/E50.6×-35.6×

P/S1.9×+1.0×

Profitability

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Gross margin12.1%+3.2pp

Operating margin5.2%+3.3pp

Net margin3.7%+2.7pp

FCF margin6%+3.1pp

Returns & leverage

See full

Return on equity18.8%+13.9pp

Debt / equity0.2×0.0×

Current ratio1.3×0.0×

Where this comes from

Reported directly by MYR Group in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: MYR Group’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MYR Group's contract assets?: MYR Group (MYRG) reported contract assets of $224.26M in Q1 2026.
How has MYR Group's contract assets changed year-over-year?: MYR Group's contract assets decreased by 34.4% year-over-year, from $341.63M to $224.26M.
What is the long-term trend for MYR Group's contract assets?: Over 5 years (2020 to 2025), MYR Group's contract assets has grown at a 5.4% compound annual growth rate (CAGR), from $185.8M to $241.77M.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.