MYR Group, Inc. MYRG

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
62/100
Moderate

About MYR Group, Inc.

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company operates through two segments: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary … Full MYRG analysis →

Competitive advantage assessment

Key strengths

  • ROIC Sustainably Above Peers ROIC at 84.1th percentile exceeds peers and WACC, demonstrating superior capital allocation.
  • Strong Interest Coverage & Conservative Leverage Debt serviceability is strong (score 0.85), with robust interest coverage.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
56

Where MYRG ranks in Engineering & Construction

MYR Group, Inc. ranks #16 of 49 scored companies in Engineering & Construction by moat score — the top 33%. The widest moat in the group is Sterling Infrastructure, Inc. (STRL) at 79/100.

Moat scores for companies ranked near MYRG in Engineering & Construction
# Company Moat score Rating
12 Arcosa, Inc. ACA 64/100 Moderate
13 Great Lakes Dredge & Dock Corpo GLDD 63/100 Moderate
14 Cadeler A/S CDLR 63/100 Moderate
15 Willdan Group, Inc. WLDN 63/100 Moderate
16 MYR Group, Inc. MYRG 62/100 Moderate
17 KBR, Inc. KBR 62/100 Moderate
18 Granite Construction Incorporat GVA 61/100 Moderate
19 Primoris Services Corporation PRIM 61/100 Moderate
20 Construction Partners, Inc. ROAD 60/100 Moderate

See every General Corporate company ranked by moat score →

How MYRG scores on the Corporate Default defenses

Pricing Power

Score 56 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 63 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 66 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 75 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 72 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 36 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding MYRG's moat

What is MYR Group, Inc.'s moat score?

MYR Group, Inc. (MYRG) scores 62 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #16 of 49 scored companies in Engineering & Construction, the top 33%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 48 companies in Engineering & Construction. Its strongest defense is Capital Efficiency (75/100) and its weakest is Scale & Market Position (36/100).

How does MYR Group, Inc. compare with other Engineering & Construction companies?

MYR Group, Inc. ranks #16 of 49 scored companies in Engineering & Construction by moat score. The widest moat in Engineering & Construction is Sterling Infrastructure, Inc. (STRL) at 79/100. The companies ranked closest are Willdan Group, Inc. (WLDN) at 63 just above it and KBR, Inc. (KBR) at 62 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 48 companies in Engineering & Construction. The defenses are then weighted to produce the overall score out of 100.

Why is MYR Group, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for MYR Group, Inc.?

The Corporate Default template measures 6 defenses, and MYRG scores: Pricing Power (56), Cost Advantage (63), Customer Stickiness (66), Capital Efficiency (75), Resilience (72), Scale & Market Position (36). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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