Everus Construction Group, Inc.
- Open
- 113.61
- Day high
- 115.50
- Day low
- 111.25
- Prev close
- 115.13
- Volume
- 82K
- Mkt cap
- $5.9B
- P/E (TTM)
- 23.2
- EPS (TTM)
- $4.94
- P/B
- 7.6
- P/S
- 1.4
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$306K over the last 3 months (1 open-market buy, 1 sale)
- 🏛Institutions accumulating (13F)
Everus Construction Group, Inc. (ECG) is a Industrials company listed on NYSE. The stock is up 50% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 1 sale (SEC Form 4). Drillr has 1 published research article covering ECG.
Everus Construction Group, Inc. (ECG) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ECG earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 5, 2026 | $1.14 | $1.64 | +43.9% | $1.2B | +14.1% |
| May 6, 2026 | $0.76 | $1.14 | +50.0% | $1.0B | +11.0% |
| Feb 25, 2026 | $0.72 | $1.08 | +50.0% | $1.0B | +13.6% |
| Nov 4, 2025 | $0.62 | $1.11 | +79.0% | $987M | +12.2% |
| Aug 12, 2025 | $0.61 | $1.03 | +68.9% | $921M | +18.4% |
| Jun 30, 2024 | — | $0.77 | — | $703M | — |
| Mar 31, 2024 | — | $0.55 | — | $665M | — |
| Dec 31, 2023 | — | $0.35 | — | $636M | — |
| Sep 30, 2023 | — | $0.71 | — | $717M | — |
| Jun 30, 2023 | — | $0.76 | — | $747M | — |
| Mar 31, 2023 | — | $0.64 | — | $751M | — |
ECG insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 18, 2026 | SPARBY DAVID Mdirector | Buy | 1,000 | $144.95 |
| Aug 11, 2026 | Sanderson Paul R.officer: VP, CLO & Corporate Secretary | Sell | 3,300 | $136.69 |
| Jun 1, 2026 | Ryan Edward Adirector | Grant | 100 | $154.72 |
| Jun 1, 2026 | Rosenthal Daledirector | Grant | 169 | $154.72 |
| May 26, 2026 | Sznewajs Timothy Ryanofficer: VP of Corp. Dev. & Strategy | Tax | 1,361 | $148.65 |
| May 13, 2026 | WYNN BETTY R.director | Grant | 1,015 | — |
| May 13, 2026 | Wood Clark A.director | Grant | 1,015 | — |
| May 13, 2026 | SPARBY DAVID Mdirector | Grant | 1,015 | — |
| May 13, 2026 | Rosenthal Daledirector | Grant | 1,184 | — |
| May 13, 2026 | DELLA ROCCA MICHAELdirector | Grant | 1,015 | — |
| May 13, 2026 | Hernandez Helena Mercedesdirector | Grant | 1,015 | — |
| May 13, 2026 | Ryan Edward Adirector | Grant | 1,015 | — |
| Mar 3, 2026 | Hunke Jon B.officer: VP & CAO | Tax | 1,300 | $120.87 |
| Mar 3, 2026 | Nosbusch Thomas D.officer: EVP & COO | Tax | 719 | $120.87 |
| Mar 3, 2026 | Nosbusch Thomas D.officer: EVP & COO | Tax | 2,046 | $120.87 |
Source: ECG SEC Form 4 filings, latest Aug 18, 2026. For informational purposes only — not investment advice.
See the full ECG insider & 13F page →Everus Construction Group, Inc. company profile
Overview
Everus Construction Group, Inc. (NASDAQ:ECG) is a North Dakota-based utility construction company that was incorporated in 1995 and went public in 2014. The company operates as a specialized contractor serving the electrical utility infrastructure market across the United States. Originally a subsidiary of MDU Resources Group, Everus completed its spinoff in October 2024 to become an independent publicly traded entity. The company has grown through both organic expansion and strategic acquisitions to become a significant player in the utility construction sector, with annual revenues approaching $3 billion and operations spanning multiple states.
Business
Everus Construction Group operates in the utility construction industry, which involves building and maintaining the electrical infrastructure that powers communities and businesses across America. The company provides specialized construction services for electrical utilities, telecommunications companies, and industrial clients who need complex electrical systems installed, upgraded, or maintained. The company operates through two primary business segments. The Electrical & Mechanical (E&M) segment represents the larger portion of the business, generating approximately 78% of total revenue ($648.2 million in Q1 2025). This segment focuses on commercial and industrial electrical construction projects, including data centers, hospitals, manufacturing facilities, and other complex electrical installations. The work involves installing electrical wiring, control systems, mechanical equipment, and specialized electrical components inside buildings and facilities. The Transmission & Distribution (T&D) segment accounts for roughly 22% of revenue ($185 million in Q1 2025) and specializes in outdoor electrical infrastructure. This includes constructing high-voltage transmission lines that carry electricity across long distances, distribution lines that deliver power to neighborhoods, electrical substations that transform voltage levels, and utility poles and towers. This segment also handles emergency restoration work when storms or other events damage electrical infrastructure. Beyond construction services, Everus also manufactures and distributes specialty electrical equipment and control panels, and provides fire sprinkler system installation and maintenance services in Nevada markets. The company has developed expertise in prefabrication, where electrical components are assembled in controlled factory environments before being transported to job sites, which improves quality and efficiency.
Competitive moat
Everus operates in a specialized industry with several modest competitive advantages, though its moat is not exceptionally strong. The company's primary moat stems from specialized expertise and certifications required for complex electrical utility work. Many projects require specific technical capabilities, safety certifications, and bonding capacity that create barriers for smaller competitors. The company's experience with high-voltage transmission work and complex commercial electrical systems represents accumulated knowledge that takes years to develop. Customer relationships and reputation provide another defensive element. Utilities and large commercial clients typically prefer working with established contractors who have proven track records for safety and reliability, as electrical infrastructure failures can have severe consequences. Everus has built long-term relationships with major utilities through consistent performance, creating some customer stickiness. However, the company's moat faces several limitations. The electrical construction industry remains highly competitive with numerous regional and national players. Barriers to entry are not prohibitively high for well-capitalized competitors, and the company's services are not unique or proprietary. Large projects are typically awarded through competitive bidding processes, limiting pricing power. The industry is also cyclical and dependent on utility capital spending, infrastructure investment, and commercial construction activity. Potential disruption could come from new construction technologies, changes in electrical grid architecture, or shifts toward distributed energy systems that reduce demand for traditional transmission infrastructure. Additionally, larger, more diversified construction companies with greater resources could potentially compete more aggressively for market share. While Everus has carved out a solid market position, its competitive advantages are primarily operational rather than structural, making sustained outperformance dependent on continued execution excellence.
Risks & safety
Everus demonstrates a moderate margin of safety with generally solid financial fundamentals, though some metrics warrant attention. **Liquidity and Solvency:** - Cash position of $74 million as of Q1 2025, down from $86 million in Q4 2024 - Current ratio of 1.78x indicates adequate short-term liquidity - Debt-to-equity ratio of 0.78x represents manageable leverage levels - Free cash flow turned negative at -$11.4 million in Q1 2025, following positive $66.9 million in Q4 2024 **Valuation Metrics:** - Trading at 12.9x P/E ratio based on recent earnings - EV/EBITDA of 10.7x appears reasonable for the industry - Price-to-book ratio of 4.1x suggests moderate premium to book value - Graham number of $12.07 compared to current price around $61 indicates potential overvaluation by traditional value metrics **Other Considerations:** - Strong backlog of $2.8 billion provides revenue visibility - Net leverage of 1.0x is conservative for the industry - Recent spinoff creates some near-term uncertainty but also strategic flexibility - Cyclical industry exposure creates earnings volatility risk
Recent development
Over the past few years, Everus has undergone significant strategic transformation centered around its "4EVER Strategy" framework focusing on talent management, market positioning, operational excellence, and capital allocation. The most significant development was the company's spinoff from MDU Resources Group in October 2024, creating an independent public entity with greater strategic flexibility. The company has aggressively expanded its market presence, with backlog growing 41% year-over-year to $2.8 billion, driven by strong demand in key growth markets including data centers, hospitality, and semiconductor manufacturing facilities. Management has identified these sectors as benefiting from broader economic trends like high-tech reshoring and digital infrastructure expansion. Operational improvements have centered on expanding the company's prefabrication capabilities, including the recent purchase of a new prefabrication facility in Kansas City. This strategy aims to improve project efficiency, quality control, and margins by assembling electrical components in controlled factory environments. The company has also invested heavily in talent acquisition and retention programs to address skilled labor shortages that plague the industry. Strategic positioning for future growth includes maintaining a disciplined approach to mergers and acquisitions, with management indicating potential investments around 1x EBITDA while maintaining conservative leverage targets. The company is also proactively managing supply chain risks, particularly potential tariff impacts, through early material procurement and protective contract terms. Looking ahead, Everus has provided 2025 guidance of $3.0-3.1 billion in revenue and $210-225 million in EBITDA, with long-term targets of 5-7% organic revenue growth and 7-9% EBITDA growth.
ECG company profile · for informational purposes only — not investment advice.
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