# Everus Construction Group (ECG.US)

Canonical: https://gigainvestors.com/s/ECG

Analysis as of: 2026-10-16T07:28:09.812Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $111.66 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Andrew Adams](https://gigainvestors.com/MPF): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 33% since Jun 2026

Story as of 2026-10-16T10:01:27.907Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in engineering & construction; annual sales are USD 3.7 billion.

- Source: https://www.sec.gov/Archives/edgar/data/2015845/000201584526000010/q42025-20251231.htm (filed 2026-02-25); FY2025: revenue 3746387000; grossProfit 454088000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); ECG.US: Everus Construction Group, Inc. provides contracting services in the United States. It operates through two segments, Electrical & Mechanical and Transmission & Distribution. The Electrical & Mechanical segment provides construction and maintenance services of electrical and communication wiring, and infrastructure; fire suppression systems; and renewables infrastructure and mechanical piping services in public and private sectors. The Transmission & Distribution segment offers construction and maintenance of overhead and underground electrical, gas, and communication infrastructure and transportation related lighting, as well as design, manufacturing, and distribution of overhead and underground transmission line construction equipment and tools. It serves utilities, manufacturing, transportation, commercial, industrial, institutional, renewables, and governmental customers. The company was incorporated in 2024 and is headquartered in Bismarck, North Dakota. Everus Construction Group, Inc. was formerly a subsidiary of MDU Resources Group, Inc.

### Why customers stay

Margins ranged from 11.3% to 12.1% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); FY2023: grossProfit / revenue = 11.3%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); FY2024: grossProfit / revenue = 11.9%.

- Source: https://www.sec.gov/Archives/edgar/data/2015845/000201584526000010/q42025-20251231.htm (filed 2026-02-25); FY2025: grossProfit / revenue = 12.1%.

### Where the cash goes

Spends 18.9% of cash earnings on expansion; paid no dividends in 5 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); FY2021: growth capex 0; upkeep 27284000; cash acquisitions 2500000; owner earnings 102388000. Growth capex plus acquisitions / owner earnings = 0.02441692385826464.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); FY2022: growth capex 14375000; upkeep 21469000; cash acquisitions 0; owner earnings 124781000. Growth capex plus acquisitions / owner earnings = 0.11520183361248908.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); FY2023: growth capex 9290869.386682138; upkeep 26299130.613317862; cash acquisitions 0; owner earnings 134078869.38668214. Growth capex plus acquisitions / owner earnings = 0.06929406124306853.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); FY2024: growth capex 0; upkeep 48278000; owner earnings 120415000. Growth capex / owner earnings = 0.

- Source: https://www.sec.gov/Archives/edgar/data/2015845/000201584526000010/q42025-20251231.htm (filed 2026-02-25); FY2025: growth capex 38036000; upkeep 28800000; owner earnings 201770000. Growth capex / owner earnings = 0.18851167170540714.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); Dividend observations: [[2021,0],[2022,0],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 0.3% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); ECG.US SharesStats.PercentInsiders = 0.34099999999999997 percentage points; cache date 2026-10-16.

### What the price says

The price is 1.5 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-25); Closing price 111.66 USD; reporting-to-trading FX 1; FY2025 annual sales per share 73.28183009604288; price multiple 1.523706488411368. FY2025 cash earnings/share 3.9467558633100563. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2024-10: $51.50 per share

- 2024-11: $63.66 per share

- 2024-12: $65.75 per share

- 2025-01: $68.81 per share

- 2025-02: $41.60 per share

- 2025-03: $37.09 per share

- 2025-04: $40.24 per share

- 2025-05: $57.91 per share

- 2025-06: $63.53 per share

- 2025-07: $74.26 per share

- 2025-08: $78.44 per share

- 2025-09: $85.75 per share

- 2025-10: $90.89 per share

- 2025-11: $91.96 per share

- 2025-12: $85.56 per share

- 2026-01: $88.49 per share

- 2026-02: $120.87 per share

- 2026-03: $118.06 per share

- 2026-04: $147.43 per share

- 2026-05: $148.77 per share

- 2026-06: $165.95 per share

- 2026-07: $125.43 per share

- 2026-08: $115.13 per share

- 2026-09: $117.52 per share

- 2026-10: $111.66 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/2015845/000201584526000010/q42025-20251231.htm); period 2025-12-31, filed 2026-02-25.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.