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ECG

Everus Construction Group, Inc.

ECG

Everus Construction Group, Inc. • NYSE
$91.96 ▲ 1.38% (+1.25)
Market Cap $4.69 B
52w High $103.08
52w Low $31.38
Dividend Yield 0%
P/E 25.9
Volume 207.30K
Outstanding Shares 51.01M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $986.82M ▲ $51.841M ▲ $56.977M ▲ 5.774% ▲ $1.12 ▲ $88.958M ▲
Q2-2025 $921.466M ▲ $47.362M ▲ $52.843M ▲ 5.735% ▲ $1.04 ▲ $81.542M ▲
Q1-2025 $826.629M ▲ $41.509M ▲ $36.672M ▲ 4.436% ▼ $0.72 ▲ $58.441M ▲
Q4-2024 $759.638M ▼ $40.252M ▲ $34.468M ▼ 4.537% ▼ $0.68 ▼ $53.97M ▼
Q3-2024 $760.985M $36.191M $41.767M 5.489% $0.82 $61.105M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $149.167M ▲ $1.624B ▲ $1.051B ▲ $573.046M ▲
Q2-2025 $84.708M ▲ $1.481B ▲ $966.968M ▲ $514.409M ▲
Q1-2025 $54.3M ▼ $1.356B ▲ $895.648M ▲ $460.199M ▲
Q4-2024 $86.012M ▲ $1.288B ▲ $865.851M ▲ $422.612M ▼
Q3-2024 $553K $1.279B $825.989M $453.303M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $56.977M ▲ $76.17M ▲ $-7.961M ▲ $-3.75M $64.459M ▲ $65.674M ▲
Q2-2025 $52.843M ▲ $25.342M ▲ $-10.865M ▲ $-3.75M ▲ $10.727M ▲ $12.258M ▲
Q1-2025 $36.672M ▲ $7.128M ▼ $-14.821M ▼ $-4.338M ▼ $-12.031M ▼ $-11.411M ▼
Q4-2024 $34.468M ▼ $82.84M ▲ $-11.572M ▲ $14.191M ▲ $85.459M ▲ $69.068M ▲
Q3-2024 $41.767M $78.931M $-13.993M $-64.707M $231K $60.942M

Five-Year Company Overview

Income Statement

Income Statement Everus shows a steady pattern of growth and improving profitability over the last few years. Sales expanded meaningfully coming into 2024 and then leveled off, but earnings have continued to edge higher, suggesting better project selection, execution, and cost control. Profit margins, while not extreme, appear solid for a construction and engineering business and have been trending in the right direction. The key watchpoint is whether the company can re-accelerate revenue growth while maintaining this discipline on costs and project risk.

Balance Sheet

Balance Sheet The balance sheet looks reasonably sound but has become more leveraged recently. Total assets have grown, which supports future activity, but debt has also stepped up, while equity has not kept pace to the same extent. Cash on hand appears modest, so the company likely depends on ongoing cash generation and credit lines to manage working capital swings common in construction. The combination suggests a business that is financially stable but should be monitored for how it manages debt and liquidity through the cycle, especially as a newly independent company post-spinoff.

Cash Flow

Cash Flow Cash generation has improved notably after a weaker period a few years ago. Operating cash flow is now solidly positive, and after funding its investment needs, the company is consistently left with surplus cash. Capital spending seems measured rather than aggressive, which supports near-term free cash flow but may limit how fast the company can expand capacity if growth accelerates sharply. Overall, the pattern points to a business that currently funds itself from its own operations, with the usual construction-industry risk that cash flows can be lumpy if project timing shifts.

Competitive Edge

Competitive Edge Everus operates from a diversified base across electrical, mechanical, and power transmission projects, serving data centers, industrial sites, utilities, and renewable energy markets. This spread across end markets helps soften the blow from downturns in any one segment and supports a healthy project backlog. The company’s ability to deliver turnkey solutions—from design through installation and maintenance—simplifies life for customers and can deepen long-term relationships. Its in-house manufacturing of specialized transmission and distribution equipment adds a niche capability and extra revenue stream, which reinforces its positioning versus more narrowly focused contractors. The main risk is that construction remains a competitive, bid-driven industry, so maintaining margins will depend on disciplined bidding and consistent execution.

Innovation and R&D

Innovation and R&D Everus leans more on strong adoption of existing technologies than on inventing new ones from scratch. It uses advanced digital modeling, integrated software, and automation tools to improve planning, coordination, and safety across job sites. A key focus is prefabrication and modular offsite construction, which can reduce on-site risk, shorten schedules, and enhance quality—important differentiators in complex projects like data centers and energy infrastructure. While there is no clear, proprietary technology moat, the company’s operational know-how and integration of tools into its workflow create practical advantages. Future upside will depend on whether Everus deepens this edge—through more distinctive processes, partnerships, and possibly its own tailored systems—rather than relying only on widely available technology.

Summary

Everus Construction Group comes across as a disciplined, steadily growing engineering and construction company now stepping into life as an independent, publicly traded business after its spin-off. Its financial track record shows improving profitability and strengthening cash flows, supported by a diversified project base and exposure to structurally growing areas such as data centers, grid modernization, and renewable energy. The balance sheet is generally sound, though leverage has risen and liquidity should be watched, particularly given the inherently cyclical and project-driven nature of its industry. Competitively, Everus benefits from breadth of services, a sizable backlog, and niche capabilities, with innovation centered on smart use of technology and prefabrication rather than headline-grabbing R&D. Overall, execution quality, backlog health, and capital discipline will be the key factors to monitor as the company navigates its next phase as a standalone construction platform.

NEWS

November 17, 2025 · 8:30 AM UTC

Everus Names Kenny Whipple Vice President of Business Development

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November 4, 2025 · 4:30 PM UTC

Everus Reports Third Quarter Results, Raises Guidance for 2025

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October 31, 2025 · 8:30 AM UTC

Everus to Participate in Upcoming Investor Conferences

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October 22, 2025 · 4:30 PM UTC

Everus Construction Group to Hold Third Quarter Results Webcast Nov. 5

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