Feed / ECG

Everus Construction Group, Inc.

ECG

Industrials · 115.25 -1.7% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Everus Construction Group, Inc.'s current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 12 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

What changed
  • Revenue increased 25.4% versus the comparable filing period.
Company-1.7% todayVolume comparison unavailable
Market group0 of 12 activeIndustrial-Tech Mix · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • Six-month investing cash use included $147.6 million for the SE&M acquisition and $3.8 million of higher net capital expenditures.
  • Commercial and industrial demand, especially data centers, supported growth, while institutional revenue declined because of timing and lower demand.

Invalidation: The isolated read changes if ECG's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Engineering & Construction

The latest filing evidence is available. 0 of 12 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 25.4% versus the comparable filing period.
  • Operating margin improved 1.3 percentage points.
  • Net income increased 59.0% versus the comparable filing period.
Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Six-month investing cash use included $147.6 million for the SE&M acquisition and $3.8 million of higher net capital expenditures.
  • Commercial and industrial demand, especially data centers, supported growth, while institutional revenue declined because of timing and lower demand.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods4
Price observations327
Usable filing statements150
Verified relationships3
Evidence supporting the case
  • Latest annual revenue changed +31.5% year over year.
  • Data center and AI demand has repeated favorable evidence across 4 filings.
  • Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position
  • P/E is 28% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 32% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

115.25
6m-1.5%12m+51.8%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-12-31$2.7B$2.45
2023-12-31$2.9B+5.7%$2.69+0.0%
2024-12-31$2.8B-0.2%$2.81+0.2%
2025-12-31$3.7B+31.5%$3.95+0.1%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitymixed · 4 filings
The decrease in cash used in investing activities was primarily due to lower net capital expenditures of $3.4 million, partially offset by proceeds from insurance contracts of $2.2 million during the three months ended March 31, 2025 and decreases in cash fro…
10-Q · May 6, 2026
Data center and AI demandpositive · 4 filings
The increase was primarily driven by higher revenues in the commercial and renewables end markets, particularly continued growth in the data center submarket, partially offset by decreased revenues in the institutional, industrial and service & other end mark…
10-Q · May 6, 2026
Demand and volumepositive · 4 filings
Service & other revenues were lower by $1.8 million due to decreased repair and maintenance demand.
10-Q · May 6, 2026
Credit and interest ratesmixed · 2 filings
The increase primarily related to average higher debt balances under the Term Loan (as defined below) during the year ended December 31, 2025, compared to the average debt balances from the related-party cash management program for working capital needs durin…
10-K · Feb 25, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.6× · EV/sales 1.6×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

115.25-1.7% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for ECG. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

Fundamentals strengthened in the latest filing

10-Q filed 2026-05-06 against the comparable filing from 2025-05-15.

constructive
OperationsconstructiveEvidence score +4
liquidityconstructiveEvidence score +1
valuationmixed

What improved

  • Revenue increased 25.4% versus the comparable filing period.
  • Operating margin improved 1.3 percentage points.
  • Net income increased 59.0% versus the comparable filing period.

What weakened

No thresholded deterioration was identified.

Filing receipts

The increase was the result of higher gross profit due to T&D segment revenue growth and efficient project execution, particularly within the utility end market, with T&D gross margin expansion of 14.7% for the three months ended March 31, 2026, compared to 12.7% for the three months ended March 31, 2025.

The increase was primarily driven by E&M segment revenue growth and higher gross profit in the commercial and renewables end markets, due to solid project execution and project timing, partially offset by changes in project mix and lower gross profit within the industrial end market.

The increase in cash provided by operating activities was primarily driven by favorable changes in operating assets and liabilities to support company growth, including revenue growth, and increased operating results.

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind ECG

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

MDUMDU Resources Group, Inc.partnerNov 5, 2025

The Separation and Distribution was completed pursuant to a separation and distribution agreement as well as other agreements with MDU Resources, including, but not limited to, a transition services agreement, a tax matters agreement and an employee matters a…

MDUMDU Resources Group, Inc.lenderNov 5, 2025

Centennial repaid all of its outstanding debt in the second quarter of 2023, and subsequently MDU Resources supported the Company’s borrowing needs through Centennial.

Depended on by

CTRICenturi Holdings, Inc.competitorFeb 26, 2026

These competitors include Quanta Services, Inc., MYR Group, Mastec, Inc., Primoris Services Corporation and Everus Construction Group, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

ECG is currently a Participant in the organic co-movement group Industrial-Tech Mix. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for ECG; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.