What is MYR Group's interest coverage?

MYR Group (MYRG) reported interest coverage of 40.3× in Q1 2026.

How has MYR Group's interest coverage changed year-over-year?

MYR Group's interest coverage increased by 333.1% year-over-year, from 9.3× to 40.3×.

What is the long-term trend for MYR Group's interest coverage?

Over 5 years (2020 to 2025), MYR Group's interest coverage has grown at a 9.3% compound annual growth rate (CAGR), from 19× to 29.5×.

What does interest coverage mean?

Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.

MYR Group MYRG Interest coverage

Interest coverage at other companies

MTZ

MasTecMTZ

4.4×+1.8×

EMCOR GroupEME

142.5×-213×

Quanta ServicesPWR

6.1×-0.5×

Everus Construction GroupECG

28.4×+9.0×

Tetra TechTTEK

15.1×+6.9×

Eaton CorporationETN

16.5×-20.2×

Other financials

Income statement

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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

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Return on equity18.8%+13.9pp

Debt / equity0.2×0.0×

Current ratio1.3×0.0×

Where this comes from

Calculated from MYR Group’s reported figures.

ebit/interest expense=40.3×

Based on trailing twelve months.

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 interest coverage?: MYR Group (MYRG) reported interest coverage of 40.3× in Q1 2026.
How has MYR Group's interest coverage changed year-over-year?: MYR Group's interest coverage increased by 333.1% year-over-year, from 9.3× to 40.3×.
What is the long-term trend for MYR Group's interest coverage?: Over 5 years (2020 to 2025), MYR Group's interest coverage has grown at a 9.3% compound annual growth rate (CAGR), from 19× to 29.5×.
What does interest coverage mean?: Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.