What is MYR Group's net debt?

MYR Group (MYRG) reported net debt of -$101.67M in Q1 2026.

How has MYR Group's net debt changed year-over-year?

MYR Group's net debt decreased by 183.8% year-over-year, from $121.28M to -$101.67M.

What is the long-term trend for MYR Group's net debt?

Over 5 years (2020 to 2025), MYR Group's net debt has grown at a 9.7% compound annual growth rate (CAGR), from $29.41M to -$46.65M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

MYR Group MYRG Net debt

Discontinued — last reported Q1 '26

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LAD

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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

See full

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

Calculated from MYR Group’s reported figures.

$61.5Mtotal debt−$163.2Mcash and equivalents=-$101.67M

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 net debt?: MYR Group (MYRG) reported net debt of -$101.67M in Q1 2026.
How has MYR Group's net debt changed year-over-year?: MYR Group's net debt decreased by 183.8% year-over-year, from $121.28M to -$101.67M.
What is the long-term trend for MYR Group's net debt?: Over 5 years (2020 to 2025), MYR Group's net debt has grown at a 9.7% compound annual growth rate (CAGR), from $29.41M to -$46.65M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.