MYR Group Management
Management criteria checks 3/4
MYR Group's CEO is Rick Swartz, appointed in Jan 2017, has a tenure of 9.33 years. total yearly compensation is $6.39M, comprised of 14.7% salary and 85.3% bonuses, including company stock and options. directly owns 1.05% of the company’s shares, worth $66.12M. The average tenure of the management team and the board of directors is 4.7 years and 7.5 years respectively.
Key information
Rick Swartz
Chief executive officer
US$6.4m
Total compensation
| CEO salary percentage | 14.74% |
| CEO tenure | 9.3yrs |
| CEO ownership | 1.0% |
| Management average tenure | 4.7yrs |
| Board average tenure | 7.5yrs |
Recent management updates
Recent updates
Grid Modernization And Data Center Projects Will Support Long Term Earnings Potential
Catalysts About MYR Group MYR Group is an electrical construction services company focused on transmission and distribution infrastructure and commercial and industrial projects across the U.S. and Canada. What are the underlying business or industry changes driving this perspective?
MYRG: Transmission Awards And Data Center Projects Will Support Measured Future Outlook
The analyst fair value estimate for MYR Group has been adjusted from $301.33 to $307.00 as analysts factor in updated Q4 results, a stronger backlog, transmission and T&D tailwinds, data center exposure, and management's emphasis on controlled, repeatable growth with improving risk quality. Analyst Commentary Recent Street research on MYR Group has clustered around higher price targets following Q4 results, with analysts updating models to reflect an improved backlog, transmission and T&D opportunities, and growing data center exposure.MYRG: Transmission Awards And Data Center Demand Will Shape Balanced Outlook
Analysts have lifted their average price targets for MYR Group toward the low $300s, citing solid Q4 results, an improved backlog, and potential upside from large transmission and data center related projects as key supports for the updated valuations. Analyst Commentary Recent research points to a generally constructive tone on MYR Group, with price targets clustered around the low US$300s after Q4 results and updated outlooks.MYRG: Large Transmission Awards And Data Center Demand Will Support Upside
Analysts have lifted the base case price target for MYR Group to about $301 from roughly $273, citing stronger expected revenue growth, slightly higher profit margins, a modestly lower discount rate, and a higher future P/E multiple supported by recent Q4 beats, improved backlog, and potential benefits from large transmission awards and data center related demand. Analyst Commentary Recent Street research points to a more constructive stance on MYR Group, with several price target increases tied to Q4 performance, backlog trends, and sector-specific demand drivers.MYR Group: Strong Market Conditions Will Drive This Stock Up
Mar 10MYRG: Transmission Awards And Data Center Demand Will Test Fair Value Assumptions
Our MYR Group narrative update reflects a higher analyst price target range, with our fair value estimate moving from $254.33 to $272.67 as analysts point to improved Q4 results, a stronger backlog, transmission and T&D tailwinds, and data center related opportunities as key supports. Analyst Commentary Recent Street research clusters around a similar narrative, with multiple bullish analysts lifting their price targets into the low US$300s after Q4 results and updated outlooks.MYRG: Higher P/E Assumptions Will Balance Execution Risks And Solar Concerns
The analyst price target for MYR Group has moved to $254.33, with analysts pointing to updated assumptions around discount rates, profitability, and a higher future P/E multiple as key drivers behind the revised view. Analyst Commentary Recent research updates sketch out a largely constructive view on MYR Group, framed around revised assumptions for discount rates, profitability, and the future P/E multiple that feeds into the new US$254.33 price target.MYRG: Grid And Data Center Demand Will Offset Ongoing Solar Concerns
Analysts have raised their fair value estimate for MYR Group to about $254 from roughly $243. Their research highlights continued interest in transmission and distribution projects and data center related demand, while noting ongoing caution about solar exposure following last year's challenging projects.MYRG: Grid And Data Center Projects Will Shape Yet Balanced Outlook
Analysts have nudged their price targets on MYR Group higher, with one recent move to US$248 helping to support a modest fair value shift to about US$243. They cite ongoing transmission and distribution spending and data center construction as key drivers in their updated views.MYRG: Transmission And Data Center Demand Will Support Yet Balanced Prospects
Analysts have lifted their price targets on MYR Group into a higher range, with recent moves to $226 and $248. This reflects their view that stronger transmission and distribution activity, improved bidding and awards, and ongoing data center related demand support the updated valuation assumptions.A Look At The Intrinsic Value Of MYR Group Inc. (NASDAQ:MYRG)
Dec 31
MYRG: Transmission Upswing And Data Centers Will Drive Yet Constrained Upside
Analysts have modestly raised their price target for MYR Group, with updates clustering in the low to mid $200s. They are balancing stronger transmission and distribution and data center demand against lingering caution on solar project risk and valuation.MYRG: Transmission Upswing And Data Center Demand Will Support Future Momentum
Analysts nudged our MYR Group fair value estimate modestly higher, to $240.60 from $238.40. This reflects increased confidence in transmission and distribution driven growth and improving bidding trends, partially offset by lingering caution on solar exposure and a richer valuation.MYRG: Transmission And Distribution Upswing Will Drive Stronger Project Momentum
Analysts have increased MYR Group's fair value estimate by $10.40 to $238.40. This change reflects improved prospects in transmission and distribution spending, as well as stronger project bidding activity.MYRG: Transmission And Distribution Momentum Will Drive Cautious Optimism Into Earnings Season
Analysts have raised MYR Group's fair value estimate by $10 to $228 per share, citing stronger than expected growth in transmission and distribution activity and improved bidding momentum as key factors supporting the revised outlook. Analyst Commentary Recent analyst updates on MYR Group highlight a mix of optimism and caution, with views reflecting both the company's near-term momentum and considerations around valuation.Accelerating Grid Upgrades And Data Center Demand Will Drive New Opportunities
MYR Group's analyst price target increased by $8 to $226, as analysts cited accelerating Transmission and Distribution activity as well as improving bidding trends in recent surveys. Analyst Commentary Recent Street research on MYR Group reveals a range of perspectives on the company’s current valuation, growth potential, and execution track record.Utility Agreements And Grid Upgrades Will Boost Infrastructure Momentum
Analysts have raised their fair value price target for MYR Group from $209.60 to $218.00. They cite notable improvements in transmission and distribution activity, as well as continued operational momentum, as drivers for the upward revision.Utility Agreements And Grid Upgrades Will Boost Infrastructure Momentum
Despite MYR Group’s improving execution, margin outlook, and data center exposure, analysts believe much of the optimism is already priced in, resulting in an unchanged consensus price target of $209.60. Analyst Commentary Bullish analysts highlighted MYR Group's recovery from previous execution challenges, noting positive momentum and the potential for sustained high single-digit core growth across both operating segments.MYR Group's (NASDAQ:MYRG) Solid Earnings May Rest On Weak Foundations
Aug 07MYR Group Inc. Just Beat EPS By 15%: Here's What Analysts Think Will Happen Next
Aug 02These 4 Measures Indicate That MYR Group (NASDAQ:MYRG) Is Using Debt Reasonably Well
Jul 06Market Participants Recognise MYR Group Inc.'s (NASDAQ:MYRG) Earnings
Jun 21A Look At The Intrinsic Value Of MYR Group Inc. (NASDAQ:MYRG)
May 19MYR Group Can See Large Tailwinds From AI Data Center Expansions
Feb 28MYR Group Is A Company For Our Times, But It's Not Now Time For The Stock
Oct 02
Surging Data Center Demand And Decisive Growth Initiatives Set To Boost Company's Future Revenues
MYR Group's growth is buoyed by increasing demand for data centers and a surge in U.S. power demand, positioning it for new contracts and revenue.MYR Group: Demand Tailwinds And EPS Growth
Apr 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$142m |
| Dec 31 2025 | US$6m | US$941k | US$118m |
| Sep 30 2025 | n/a | n/a | US$98m |
| Jun 30 2025 | n/a | n/a | US$76m |
| Mar 31 2025 | n/a | n/a | US$35m |
| Dec 31 2024 | US$4m | US$924k | US$30m |
| Sep 30 2024 | n/a | n/a | US$38m |
| Jun 30 2024 | n/a | n/a | US$49m |
| Mar 31 2024 | n/a | n/a | US$87m |
| Dec 31 2023 | US$5m | US$870k | US$91m |
| Sep 30 2023 | n/a | n/a | US$92m |
| Jun 30 2023 | n/a | n/a | US$88m |
| Mar 31 2023 | n/a | n/a | US$86m |
| Dec 31 2022 | US$4m | US$813k | US$83m |
| Sep 30 2022 | n/a | n/a | US$80m |
| Jun 30 2022 | n/a | n/a | US$84m |
| Mar 31 2022 | n/a | n/a | US$86m |
| Dec 31 2021 | US$4m | US$769k | US$85m |
| Sep 30 2021 | n/a | n/a | US$82m |
| Jun 30 2021 | n/a | n/a | US$77m |
| Mar 31 2021 | n/a | n/a | US$69m |
| Dec 31 2020 | US$3m | US$717k | US$59m |
| Sep 30 2020 | n/a | n/a | US$53m |
| Jun 30 2020 | n/a | n/a | US$46m |
| Mar 31 2020 | n/a | n/a | US$40m |
| Dec 31 2019 | US$3m | US$681k | US$38m |
Compensation vs Market: Rick's total compensation ($USD6.39M) is about average for companies of similar size in the US market ($USD8.56M).
Compensation vs Earnings: Rick's compensation has increased by more than 20% in the past year.
CEO
Rick Swartz (61 yo)
9.3yrs
Tenure
US$6,387,221
Compensation
Mr. Richard S. Swartz, Jr., also known as Rick, has been the Chief Executive Officer and President of MYR Group Inc. since January 1, 2017. Mr. Swartz serves as the Director at MYR Group Inc. since April 2...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.3yrs | US$6.39m | 1.05% $ 66.1m | |
| Senior VP & CFO | 3.3yrs | US$2.14m | 0.043% $ 2.7m | |
| Senior VP | 7.3yrs | US$1.89m | 0.11% $ 6.8m | |
| Senior VP and COO of Commercial & Industrial | 3yrs | US$1.94m | 0.051% $ 3.2m | |
| Senior VP & COO of Transmission & Distribution | 2.6yrs | US$1.96m | 0.028% $ 1.8m | |
| Vice President of Accounting | no data | no data | no data | |
| VP of Investor Relations & Treasurer | 6.3yrs | no data | no data | |
| Vice President of Human Resources | 6.2yrs | no data | no data | |
| VP & General Counsel | 1.3yrs | no data | no data | |
| President of High Country Line Construction | no data | no data | no data | |
| Chief Executive Officer of CSI Electrical Contractors | no data | no data | no data | |
| President of Powerline Plus Ltd & PLP Redimix Ltd | no data | no data | no data |
4.7yrs
Average Tenure
54yo
Average Age
Experienced Management: MYRG's management team is considered experienced (4.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.1yrs | US$6.39m | 1.05% $ 66.1m | |
| Independent Chairman | 10.8yrs | US$344.93k | 0.14% $ 9.0m | |
| Independent Director | 10.8yrs | US$239.97k | 0.13% $ 8.2m | |
| Independent Director | 7.8yrs | US$247.47k | 0.076% $ 4.8m | |
| Independent Director | 10.1yrs | US$227.47k | 0.099% $ 6.2m | |
| Independent Director | 4yrs | US$227.47k | 0.027% $ 1.7m | |
| Independent Director | 6.1yrs | US$238.72k | 0.046% $ 2.9m | |
| Independent Director | less than a year | US$184.84k | 0% $ 0 |
7.5yrs
Average Tenure
59.5yo
Average Age
Experienced Board: MYRG's board of directors are considered experienced (7.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/01 19:00 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
MYR Group Inc. is covered by 19 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Justin Hauke | Baird |
| Liam Burke | Brean Capital Historical (Janney Montgomery) |
| Alexander Rygiel | B. Riley Securities, Inc. |