# Everus Construction Group, Inc. (ECG)

> Source: Nexqual · https://nexqual.com/ECG · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Everus Construction Group, Inc. (ECG), nexqual.com/ECG" · informational, not investment advice.

**Price:** USD 97.05 (-8.44% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 106 · day 94.12–102.16 · 52w 78.14–171.58 · market cap $4.95B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $4.27B, net income $254M (6.0% margin), free cash flow $250M (SEC filings).
- Valuation: P/E 19.5x (avg 22.5x at the last 2 fiscal year-ends), EV/EBITDA 13.9x, net debt $97.8M.
- 1 of 80 tracked superinvestors hold ECG (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $451K; 1 not under a Rule 10b5-1 plan ($451K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $145K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.29 on a 1–5 scale) (7 analysts), mean target USD 176 (range 152–200).
- Total return with dividends: 1Y +10.9% vs S&P 500 +14.9%; 5Y +84.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 1.34, revenue estimate $1.18B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $2.70B | $2.85B | $2.85B | $3.75B | $4.27B |
| Gross profit | $276M | $322M | $339M | $454M | — |
| Operating income | $165M | $191M | $190M | $265M | $331M |
| Net income | $125M | $137M | $143M | $202M | $254M |
| EPS (diluted) | $2.45 | $2.69 | $2.81 | $3.95 | — |
| Free cash flow | -$61.3M | $136M | $115M | $90.0M | $250M |
| Gross margin | 10.2% | 11.3% | 11.9% | 12.1% | — |
| Operating margin | 6.1% | 6.7% | 6.7% | 7.1% | 7.8% |
| Net margin | 4.6% | 4.8% | 5.0% | 5.4% | 6.0% |
| Revenue growth | — | +5.7% | -0.2% | +31.5% | — |
| Cash + short-term investments | $2.1M | $1.6M | $86.0M | $171M | — |
| Total debt | — | $169M | $296M | $282M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 19.5x · P/S 1.2x · EV/EBITDA 13.9x · EV/Sales 1.2x · P/FCF 19.8x · P/B 6.4x · FCF yield 5.05% · Earnings yield 5.14% · Net debt $97.8M · EV $5.05B
P/E at fiscal year-ends: Dec 2025 21.7x, Dec 2024 23.4x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold ECG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | <0.01% | $207K | New position |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-07 | Sanderson Paul R. | VP, CLO & Corporate Secretary | 3,300 | $451K | 14.8% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $145K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-17 | Sparby David M | Director | 1,000 | $145K | 144.95 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Consensus Buy (mean 2.29 on a 1–5 scale), 7 analysts; mean target USD 176 (low 152, high 200).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-21 | DA Davidson | Initiated | Buy | $168 |
| 2026-08-13 | Cantor Fitzgerald | Target lowered | Neutral | $174 → $152 |
| 2026-08-06 | Guggenheim | Target raised | Buy | $160 → $184 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2024-10-28) |
|---|---|---|
| Total return | +10.9% | +84.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +10.9% | +36.3% |
| Volatility (annualized) | 62.4% | 54.8% |
| Max drawdown | -42.6% (May 2026→Oct 2026) | -56.2% (Jan 2025→Mar 2025) |

## Peers (Engineering & Construction)
KBR (KBR, Inc.) USD 39.53 +5.95% · ROAD (Construction Partners, Inc.) USD 83.93 -1.19% · GVA (Granite Construction Incorporat) USD 107.45 -2.08% · AGX (Argan, Inc.) USD 330.3 -4.50% · FLR (Fluor Corporation) USD 43.42 -6.44% · DY (Dycom Industries, Inc.) USD 225.16 -5.18%

## More
Full page: https://nexqual.com/ECG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| E&M | $1.01B | 82.0% | +41.6% | $100.5M | 9.9% |
| T&D | $227.4M | 18.5% | +7.1% | $25.7M | 11.3% |
| Corporate costs (not allocated) | — | — | — | -$14.4M | — |
| Total revenue | $1.23B | 100% | — | $111.8M | 9.1% |

## Customer concentration

Period ended 2026-06-30: 17.6% of revenue from unnamed direct customers (10-Q, filed 2026-08-05).

## Company outlook (8-K filed 2026-08-04)

- "EBITDA increased 53% with strong project execution thanks to our dedicated team across the country who are safely Building America's Future. "Demand for our services remains robust, and we believe we are well positioned to benefit as evidenced by project bookings of more than $2 billion in the quarter, resulting in record backlog up 53% year over year to $4.6 billion."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.34 | $1.18 | +13.9% | $1.18B | 1 |
| Next quarter (ends 2026-12-31) | $1.19 | $1.12 | +6.2% | $1.23B | 1 |
| Current fiscal year (ends 2026-12-31) | $5.31 | $4.62 | +15.0% | $4.71B | 1 |
| Next fiscal year (ends 2027-12-31) | $6.29 | $5.12 | +22.9% | $5.29B | 1 |