Tearsheet

Everus Construction (ECG)

Market Price (3/7/2026): $110.185 | Market Cap: $5.6 Bil
Sector: Industrials | Industry: Construction & Engineering

Everus Construction (ECG)

Market Price (3/7/2026): $110.185
Market Cap: $5.6 Bil
Sector: Industrials
Industry: Construction & Engineering

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 31%	Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 36x
1	Megatrend and thematic drivers Megatrends include Sustainable Infrastructure, Water Infrastructure, and Renewable Energy Transition. Themes include Waste Management Solutions, Show more.	Stock price has recently run up significantly 12M Rtn12 month market price return is 179%
2		Key risks ECG key risks include [1] a securities class action lawsuit alleging fraud regarding its backlog conversion cycle and [2] operational delays in converting its increasingly complex project backlog into revenue.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 31%
1	Megatrend and thematic drivers Megatrends include Sustainable Infrastructure, Water Infrastructure, and Renewable Energy Transition. Themes include Waste Management Solutions, Show more.
2	Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 36x
3	Stock price has recently run up significantly 12M Rtn12 month market price return is 179%
4	Key risks ECG key risks include [1] a securities class action lawsuit alleging fraud regarding its backlog conversion cycle and [2] operational delays in converting its increasingly complex project backlog into revenue.

Valuation, Metrics & Events

	3/7/26	2025	2024	2023	2022
Share Price CYE	$110.19	$85.56	$65.75	�	�
Market Cap CYE ($ Bil)	5.6	4.4	3.4	-	-
Total Debt ($ Bil)	0.4	0.4	0.4	0.2	0.0
Total Cash ($ Bil)	0.2	0.2	0.1	0.0	0.0
Enterprise Value ($ Bil)	5.8	4.8	3.8
Valuation Ratios
P/S TTM	1.5	1.2	1.2	-	-
P/EBIT TTM	20.2	15.7	17.2	-	-
P/E TTM	27.9	21.6	23.4	-	-
P/FCF TTM	62.5	48.5	29.1	-	-
Sector Ratios
P/S TTM (Sector)	1.8	1.6	1.5	1.4	1.2
P/EBIT TTM (Sector)	13.3	12.2	11.9	11.7	9.4
P/E TTM (Sector)	18.5	17.2	17.1	16.1	13.4
P/FCF TTM (Sector)	13.6	13.2	13.6	12.2	10.3

	3/7/26	2025	2024
Share Price CYE	$110.19	$85.56	$65.75
Market Cap CYE ($ Bil)	5.6	4.4	3.4
Total Debt ($ Bil)	0.4	0.4	0.4
Total Cash ($ Bil)	0.2	0.2	0.1
Enterprise Value ($ Bil)	5.8	4.8	3.8
Valuation Ratios
P/S TTM	1.5	1.2	1.2
P/EBIT TTM	20.2	15.7	17.2
P/E TTM	27.9	21.6	23.4
P/FCF TTM	62.5	48.5	29.1
Sector Ratios
P/S TTM (Sector)	1.8	1.6	1.5
P/EBIT TTM (Sector)	13.3	12.2	11.9
P/E TTM (Sector)	18.5	17.2	17.1
P/FCF TTM (Sector)	13.6	13.2	13.6

	ECG	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	3.7
Rev Chg Q	33.2%	7.1%
Rev Chg LTM	31.5%	6.6%
Rev Chg 3Y Avg	31.5%	5.7%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.3
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.2
Op Mgn LTM	7.1%	18.8%
CFO/Rev LTM	4.2%	20.6%
Net Inc Mgn	5.4%	12.8%
VALUATION	HIGH
P/S	1.5	3.3
P/CFO	35.9	16.0
P/FCF	62.5	20.8
P/E	27.9	24.7
STABILITY	GOOD
Debt/Equity	0.07	0.21
Cash/Assets	0.10	0.07

AI Analysis | Feedback

Metric	Value	Date	Source
Backlog	2.95 billion	9302025	Link
Number of Projects	43000	12312024	Link
Number of Customers	3900	12312024	Link
Total Recordable Incident Rate	1.17	12312024	Link
Lost-Time Injury Rate	0.34	12312024	Link
Peak Number of Employees	8700	12312024	Link

Recent
2/24/2026	Earnings Release	Rev: $1.0 Bil (A) vs. $890 Mil (E) EPS: 1.08 (A) vs. $0.72 (E)
Upcoming
5/19/2026	Earnings Release	Rev: $921 Mil (E) EPS: $0.82 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Everus Construction (ECG) stock has gained about 20% since 11/30/2025 because of the following key factors:

1. Everus Construction (ECG) reported a significant beat on its Fourth Quarter 2025 earnings, exceeding analyst expectations. The company posted earnings per share (EPS) of $1.08, surpassing analysts' estimates of $0.75 by 44% and $0.72 by $0.36. This strong performance was accompanied by record quarterly revenues of $1.01 billion, a 33.1% increase year-over-year, marking the first time in company history that quarterly revenues exceeded $1 billion.

2. The company provided robust financial guidance for 2026, indicating continued growth and strong profitability. Everus Construction initiated its Fiscal Year 2026 revenue guidance in the range of $4.1 billion to $4.2 billion, which is above the consensus estimate of approximately $3.9 billion and exceeds their long-term target of 5% to 7% growth. Additionally, EBITDA guidance for 2026 was set between $320 million and $335 million, reinforcing investor confidence in future earnings.

Show more

Stock Movement Drivers

Fundamental Drivers

The 19.9% change in ECG stock from 11/30/2025 to 3/6/2026 was primarily driven by a 7.5% change in the company's P/E Multiple.

(LTM values as of)	11302025	3062026	Change
Stock Price ($)	91.96	110.25	19.9%
Change Contribution By:
Total Revenues ($ Mil)	3,495	3,746	7.2%
Net Income Margin (%)	5.2%	5.4%	4.0%
P/E Multiple	25.9	27.9	7.5%
Shares Outstanding (Mil)	51	51	0.0%
Cumulative Contribution			19.9%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/6/2026

	Return	Correlation
ECG	19.9%
Market (SPY)	-1.6%	46.9%
Sector (XLI)	10.6%	29.7%

Fundamental Drivers

The 40.6% change in ECG stock from 8/31/2025 to 3/6/2026 was primarily driven by a 15.5% change in the company's P/E Multiple.

(LTM values as of)	8312025	3062026	Change
Stock Price ($)	78.44	110.25	40.6%
Change Contribution By:
Total Revenues ($ Mil)	3,269	3,746	14.6%
Net Income Margin (%)	5.1%	5.4%	6.2%
P/E Multiple	24.2	27.9	15.5%
Shares Outstanding (Mil)	51	51	0.0%
Cumulative Contribution			40.6%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/6/2026

	Return	Correlation
ECG	40.6%
Market (SPY)	4.5%	51.9%
Sector (XLI)	12.3%	42.0%

Fundamental Drivers

The 165.0% change in ECG stock from 2/28/2025 to 3/6/2026 was primarily driven by a 88.6% change in the company's P/E Multiple.

(LTM values as of)	2282025	3062026	Change
Stock Price ($)	41.60	110.25	165.0%
Change Contribution By:
Total Revenues ($ Mil)	2,850	3,746	31.5%
Net Income Margin (%)	5.0%	5.4%	7.0%
P/E Multiple	14.8	27.9	88.6%
Shares Outstanding (Mil)	51	51	-0.1%
Cumulative Contribution			165.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/6/2026

	Return	Correlation
ECG	165.0%
Market (SPY)	14.2%	53.5%
Sector (XLI)	25.9%	51.4%

Fundamental Drivers

null
null

Market Drivers

2/28/2023 to 3/6/2026

	Return	Correlation
ECG
Market (SPY)	76.0%	48.3%
Sector (XLI)	75.6%	46.5%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
ECG Return	-	-	-	25%	30%	31%	113%
Peers Return	62%	7%	45%	69%	59%	30%	777%
S&P 500 Return	27%	-19%	24%	23%	16%	-0%	82%
Monthly Win Rates [3]
ECG Win Rate	-	-	-	100%	75%	67%
Peers Win Rate	67%	47%	68%	67%	62%	67%
S&P 500 Win Rate	75%	42%	67%	75%	67%	33%
Max Drawdowns [4]
ECG Max Drawdown	-	-	-	-2%	-49%	-0%
Peers Max Drawdown	-4%	-25%	-11%	-15%	-27%	-0%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-1%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: PWR, EME, MTZ, MYRG, FIX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/6/2026 (YTD)

How Low Can It Go

ECG has limited trading history. Below is the Industrials sector ETF (XLI) in its place.

Unique Key	Event	XLI	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-22.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	29.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	273 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-42.8%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	74.8%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	232 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-24.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	32.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	312 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-63.3%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	172.8%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1,463 days	1,480 days

Compare to PWR, EME, MTZ, MYRG, FIX

In The Past

SPDR Select Sector Fund's stock fell -22.6% during the 2022 Inflation Shock from a high on 1/4/2022. A -22.6% loss requires a 29.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Everus Construction (ECG)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Everus Construction Group is an industry-leading construction services provider, safely Building America’s Future™ through innovation and expertise. We embody a legacy of mastery across a full spectrum of specialty construction services. We are masters of our craft and trusted leaders in the industry, committed to safely providing essential services to our customers through exacting execution.

AI Analysis | Feedback

null

AI Analysis | Feedback

Please note that I could not find a public company named 'Everus Construction' with the stock symbol 'ECG' in my database of real-world public companies. However, assuming 'Everus Construction' operates as a typical construction company, its major services would likely include:

General Contracting: Overseeing and executing the entire construction project from start to finish, including managing subcontractors and ensuring timely completion.
Project Management: Providing expert oversight for construction projects, ensuring they adhere to scope, budget, and schedule.
Design-Build Services: Integrating design and construction responsibilities under a single contract to streamline project delivery.
Infrastructure Development: Constructing large-scale public and private infrastructure projects such as roads, bridges, utilities, and transportation hubs.
Commercial Building: Erecting new commercial structures and undertaking renovations for offices, retail spaces, industrial facilities, and other business properties.

AI Analysis | Feedback

I cannot identify the major customers for Everus Construction (symbol: ECG) as this company does not appear to be a real, publicly traded entity with information available in standard financial databases or public records.

As an AI, I can only provide information based on existing, verifiable data. If Everus Construction is a hypothetical or fictional company, customer information would need to be provided within its fictional context.

AI Analysis | Feedback

null

AI Analysis | Feedback

Jeffrey S. Thiede, President and Chief Executive Officer
Mr. Thiede was named President and Chief Executive Officer of Everus Construction Group, formerly known as MDU Construction Services Group, effective April 30, 2013, and served as President from 2012 to 2013. Prior to these promotions, he held several executive and management positions with Everus, including president of Capital Electric Construction Company from 2006 to 2011 and OEG, Inc., formerly known as Oregon Electric Group, Inc., from 2004 to 2011, both subsidiaries of Everus. He has 20 years of experience at Everus.

Maximillian J. Marcy, Vice President, Chief Financial Officer and Treasurer
Mr. Marcy was named Vice President, Chief Financial Officer and Treasurer effective upon completion of the spinoff of Everus Construction Group from MDU Resources Group, joining Everus on August 12, 2024. He previously served as Vice President II and Business Unit CFO of the Engineering Adhesives Segment at H.B. Fuller Company. Mr. Marcy also held various other management and leadership positions at H.B. Fuller, including Vice President, Corporate Finance-Financial Planning and Analysis; Senior Director Corporate Treasurer; and Director, Investor Relations and International Finance.

Thomas D. Nosbusch, Executive Vice President and Chief Operating Officer
Mr. Nosbusch was named Executive Vice President and Chief Operating Officer, effective upon completion of the spinoff of Everus Construction Group from MDU Resources Group. He previously served as Executive Vice President of Everus and has 25 years of experience with MDU Resources' companies. He began his career as a customer service engineer for Montana-Dakota Utilities and later served as a business development manager for both Montana-Dakota Utilities and Everus.

Jon B. Hunke, Vice President and Chief Accounting Officer
Mr. Hunke was named Vice President and Chief Accounting Officer of Everus Construction Group, effective upon completion of the spinoff of Everus from MDU Resources Group. He previously was Vice President of Accounting and Enterprise Information Technology for Everus and has been with the company since 2003. Mr. Hunke also served as Treasurer and Controller from 2014 to 2015.

Paul R. Sanderson, Vice President, Chief Legal Officer and Secretary
Mr. Sanderson was named Vice President, Chief Legal Officer and Secretary, effective upon completion of the spinoff of Everus Construction Group from MDU Resources Group. He previously served as Vice President, Chief Legal Officer and Secretary for MDU Resources, a position he held since joining that company in 2023.

AI Analysis | Feedback

The key risks to Everus Construction (ECG) are as follows:

Securities Class Action Lawsuit: Everus Construction Group is currently facing a class-action securities lawsuit. The litigation alleges securities fraud, including misleading statements regarding the company's backlog conversion cycle and revenue recognition. The disclosure of concerns about the backlog conversion process led to a significant drop in Everus's stock price, highlighting the potential for substantial financial penalties and damage to the company's reputation.
Operational Challenges and Backlog Conversion Delays: The company has experienced, and may continue to experience, delays in project timelines. This can negatively impact revenue conversion and result in a lower-than-anticipated backlog conversion rate. Everus has indicated that its average project size is increasing in complexity and duration, which could extend the time it takes to convert its backlog into recognized revenue.
Adverse Market Conditions in the Construction Industry: Everus operates within a construction industry that is currently facing a slowdown. Projections include a potential contraction in the U.S. GDP in the first quarter of 2025, alongside stalled residential and commercial projects. This is attributed to rising financing costs and weakened demand, which could lead to decreased demand for Everus's services and put pressure on its revenue growth and margins.

AI Analysis | Feedback

null

AI Analysis | Feedback

Everus Construction (symbol: ECG) operates primarily within the broader construction and infrastructure sectors, providing electrical and mechanical, and transmission and distribution contracting services across the United States.

The addressable markets for Everus Construction's main products and services can be identified as:

Global Construction Market: This overarching market, which includes buildings construction, heavy and civil engineering construction (relevant to Everus's services), specialty trade contractors, and land planning and development, was valued at approximately USD 15.26 trillion in 2023. This market is projected to grow to USD 26.75 trillion by 2033. Another estimate places the global construction market size at USD 11.39 trillion in 2024, projected to reach USD 16.11 trillion by 2030.
Global Infrastructure Construction Market: This market, which directly relates to Everus's focus on essential infrastructure, was valued at approximately USD 3.62 trillion (USD 3,619,262.74 million) in 2024. It is expected to reach USD 5.29 trillion (USD 5,286,627.89 million) by 2033.
U.S. Infrastructure Market: Given Everus's operations across the U.S., the domestic infrastructure market is a direct addressable market. This market was valued at USD 1.35 trillion in 2024 and is projected to reach USD 2.15 trillion by 2033. This includes transportation and utilities infrastructure, which are key areas for Everus.
Global Heavy and Civil Engineering Construction: This specific segment of the construction market, which aligns with Everus's expertise in large-scale infrastructure projects, accounted for USD 7.1 trillion of the total global construction market in 2023.

AI Analysis | Feedback

Everus Construction (ECG) is expected to drive future revenue growth over the next 2-3 years through several key factors:

Continued Strong Demand in Data Center and Utility Markets: Everus Construction anticipates sustained strong demand in the data center and utility markets, which are significant drivers for its Electrical & Mechanical (E&M) segment. This demand has been highlighted as a primary contributor to the company's robust performance and future growth.
Growing Project Backlog: The company has consistently reported a healthy and increasing total backlog of projects, indicating a strong pipeline of secured work that is expected to translate into future revenue. The total backlog at the end of Q3 2025 was $2.95 billion, up 2% from the prior year.
Expansion into New Industrial End Markets and Geographic Regions: Everus Construction is actively expanding into new industrial end markets, such as semiconductor manufacturing facilities, and is also considering potential mergers and acquisitions to broaden its geographic footprint. This strategic expansion is aimed at capturing new revenue streams.
U.S. Infrastructure Spending: The ongoing and projected U.S. infrastructure needs are expected to serve as a multi-year tailwind for Everus Construction's Transmission & Distribution (T&D) business, contributing to sustained revenue growth in this segment.
Strategic Focus on Off-site Manufacturing and Prefabrication: Everus Construction's emphasis on off-site manufacturing and prefabrication enhances its competitive edge and operational efficiency. This strategic approach helps the company secure more projects and improve project delivery, thereby supporting revenue growth.

AI Analysis | Feedback

Share Issuance

On October 31, 2024, Everus Construction Group issued 50,972,059 shares of common stock as part of its spin-off from MDU Resources Group, Inc.
The number of shares outstanding for Everus Construction Group was 51,006,575 as of August 11, 2025, and November 3, 2025.

Inbound Investments

Westwood Holdings Group Inc. acquired a new stake in shares of Everus Construction Group during the first quarter of 2025 worth $75,089,000.
The State of New Jersey Common Pension Fund D bought a new stake of 32,818 shares in Everus Construction Group, valued at approximately $2,085,000, during the second quarter of 2025.

Capital Expenditures

Capital expenditures for 2024 totaled $48.3 million, an increase from $35.6 million in 2023, primarily driven by investments in vehicles and equipment to support company growth.
For the nine months ended September 30, 2025, capital expenditures were $42.1 million, compared to $34.5 million for the same period in 2024, primarily for vehicle, equipment, and building investments to support growth.
Estimated full-year gross capital expenditures for 2025 are projected to be between $65 million and $70 million, with a focus on investments like a new prefabrication facility in Kansas City.

Interactive Breakdown

null

null

Better Bets vs. Everus Construction (ECG)

null

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Everus Construction (+25%): Data Center Boom Drives Record Q4 Earnings	02/26/2026
2	Everus Construction Stock Pre-Market (+10%) : Blowout Q4 Earnings & Strong Guidance	02/25/2026
3	Everus Construction Earnings Notes	12/24/2025
4	Is Everus Construction Stock Built to Withstand More Downside?	10/17/2025
5	Why Everus Construction Stock Moved: ECG Stock Has Gained 35% Since 2024 Fiscal End, Primarily Due To Favorable Change In Revenues	08/08/2025
6	ECG Dip Buy Analysis	07/10/2025
7	Everus Construction (ECG) Valuation Ratios Comparison	05/15/2025
8	Everus Construction (ECG) Operating Cash Flow Comparison	02/17/2025
9	Everus Construction (ECG) Net Income Comparison	02/15/2025
10	ARTICLES
11	Everus Construction Stock Pre-Market (+10%) : Blowout Q4 Earnings & Strong Guidance	02/25/2026

	Title
0	DASHBOARDS
1	Everus Construction (+25%): Data Center Boom Drives Record Q4 Earnings
2	Everus Construction Stock Pre-Market (+10%) : Blowout Q4 Earnings & Strong Guidance
3	Everus Construction Earnings Notes
4	Is Everus Construction Stock Built to Withstand More Downside?
5	Why Everus Construction Stock Moved: ECG Stock Has Gained 35% Since 2024 Fiscal End, Primarily Due To Favorable Change In Revenues
6	ECG Dip Buy Analysis
7	Everus Construction (ECG) Valuation Ratios Comparison
8	Everus Construction (ECG) Operating Cash Flow Comparison
9	Everus Construction (ECG) Net Income Comparison
10	ARTICLES
11	Everus Construction Stock Pre-Market (+10%) : Blowout Q4 Earnings & Strong Guidance

Trade Ideas

Select ideas related to ECG.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
EFX_2272026_Monopoly_xInd_xCD_Getting_Cheaper	02272026	EFX	Equifax	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.0%	0.0%	0.0%
LZ_2202026_Dip_Buyer_High_CFO_Margins_ExInd_DE	02202026	LZ	LegalZoom.com	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	7.2%	7.2%	-5.0%
ADP_2132026_Dip_Buyer_ValueBuy	02132026	ADP	Automatic Data Processing	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	1.1%	1.1%	-3.0%
TREX_2132026_Dip_Buyer_ValueBuy	02132026	TREX	Trex	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-3.2%	-3.2%	-5.9%
PCTY_2132026_Dip_Buyer_High_CFO_Margins_ExInd_DE	02132026	PCTY	Paylocity	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	-0.6%	-0.6%	-4.8%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
DAWN	Day One Biopharmaceuticals	2.2	65.9%	127.5%
QURE	uniQure	0.8	34.0%	-40.4%
SLDB	Solid Biosciences	0.6	20.3%	19.7%
IOT	Samsara	20.3	19.5%	-0.3%
SWBI	Smith & Wesson Brands	0.6	18.7%	41.7%
MRVL	Marvell Technology	76.7	18.4%	5.5%
REPL	Replimune	0.7	14.6%	-17.0%
IOVA	Iovance Biotherapeutics	1.9	12.0%	87.9%
AMPX	Amprius Technologies	2.1	9.7%	107.0%
CAPR	Capricor Therapeutics	1.3	8.1%	-3.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
AXTI	AXT	1.4	-16.6%	98.0%
INGM	Ingram Micro	5.2	-16.3%	3.4%
BE	Bloom Energy	35.7	-15.5%	55.6%
GAP	Gap	8.7	-14.4%	-9.1%
NUTX	Nutex Health	0.6	-14.3%	-45.2%
LITE	Lumentum	39.7	-14.2%	51.5%
JEF	Jefferies Financial	8.2	-13.5%	-37.7%
MEOH	Methanex	3.9	-12.7%	25.5%
WOLF	Wolfspeed	0.4	-12.5%	-4.8%
RUM	Rumble	1.3	-12.5%	-22.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
DAWN	Day One Biopharmaceuticals	2.2	100.0%	127.5%
SOC	Sable Offshore	1.4	74.2%	59.3%
ZD	Ziff Davis	1.7	56.3%	20.4%
AMPX	Amprius Technologies	2.1	52.2%	107.0%
TNGX	Tango Therapeutics	1.9	52.2%	91.3%
BW	Babcock & Wilcox Enterprises	1.3	47.9%	106.6%
IOVA	Iovance Biotherapeutics	1.9	32.9%	87.9%
RCAT	Red Cat	1.5	31.8%	93.7%
VG	Venture Global	30.4	28.8%	83.0%
NMAX	Newsmax	1.0	28.2%	-1.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
PSIX	Power Solutions International	1.2	-37.5%	-8.7%
GO	Grocery Outlet	0.6	-33.3%	-34.8%
TPB	Turning Point Brands	1.7	-33.1%	-15.4%
HROW	Harrow	1.4	-32.9%	-25.8%
SES	SES AI	0.4	-31.1%	-37.2%
INDI	Indie Semiconductor	0.5	-29.2%	-26.6%
EU	enCore Energy	0.4	-28.9%	-22.6%
DSGR	Distribution Solutions	1.0	-26.1%	-19.4%
TBPH	Theravance Biopharma	0.7	-25.6%	-27.5%
VSCO	Victoria's Secret	3.8	-25.5%	-13.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
FSLY	Fastly	3.0	142.4%	97.8%
AAOI	Applied Optoelectronics	6.1	139.5%	174.2%
IOVA	Iovance Biotherapeutics	1.9	110.2%	87.9%
DAWN	Day One Biopharmaceuticals	2.2	97.4%	127.5%
ACHC	Acadia Healthcare	2.3	89.1%	80.5%
NKTR	Nektar Therapeutics	1.3	87.8%	67.2%
CRCL	Circle Internet	23.4	85.1%	28.5%
SOC	Sable Offshore	1.4	73.8%	59.3%
AXTI	AXT	1.4	72.6%	98.0%
KOS	Kosmos Energy	1.2	68.0%	183.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
MNKD	MannKind	0.8	-54.8%	-54.0%
EOSE	Eos Energy Enterprises	1.7	-50.6%	-46.5%
GRAL	GRAIL	1.8	-49.2%	-41.3%
FLNC	Fluence Energy	1.9	-49.0%	-25.3%
QURE	uniQure	0.8	-46.5%	-40.4%
CWH	Camping World	0.5	-46.1%	-24.4%
RUN	Sunrun	2.6	-45.3%	-38.4%
NSP	Insperity	0.8	-43.9%	-40.9%
SHLS	Shoals Technologies	1.0	-43.9%	-32.8%
KD	Kyndryl	3.0	-43.6%	-50.3%

Peer Comparisons

Peers to compare with:

Financials

	ECG	PWR	EME	MTZ	MYRG	FIX	Median
Name	Everus C.	Quanta S.	EMCOR	MasTec	MYR	Comfort .
Mkt Price	110.25	540.19	705.79	285.61	260.90	1,279.06	412.90
Mkt Cap	5.6	80.7	31.5	22.2	4.1	45.1	26.9
Rev LTM	3,746	28,480	16,986	14,299	3,514	9,102	11,700
Op Inc LTM	265	1,587	1,569	653	145	1,313	983
FCF LTM	90	1,621	1,189	286	156	1,031	659
FCF 3Y Avg	-	1,413	1,115	584	70	771	771
CFO LTM	157	2,230	1,302	546	233	1,186	866
CFO 3Y Avg	-	1,962	1,203	785	155	892	892

Growth & Margins

	ECG	PWR	EME	MTZ	MYRG	FIX	Median
Name	Everus C.	Quanta S.	EMCOR	MasTec	MYR	Comfort .
Rev Chg LTM	31.5%	20.3%	16.6%	16.2%	-0.6%	29.5%	18.5%
Rev Chg 3Y Avg	-	18.7%	15.3%	13.8%	8.6%	30.1%	15.3%
Rev Chg Q	33.2%	19.7%	19.7%	15.8%	7.0%	41.7%	19.7%
QoQ Delta Rev Chg LTM	7.2%	4.7%	4.6%	3.9%	1.8%	9.4%	4.7%
Op Mgn LTM	7.1%	5.6%	9.2%	4.6%	4.1%	14.4%	6.3%
Op Mgn 3Y Avg	-	5.4%	8.5%	2.9%	3.1%	11.0%	5.4%
QoQ Delta Op Mgn LTM	0.1%	-0.1%	-0.2%	0.3%	0.7%	1.1%	0.2%
CFO/Rev LTM	4.2%	7.8%	7.7%	3.8%	6.6%	13.0%	7.1%
CFO/Rev 3Y Avg	-	8.1%	8.2%	6.2%	4.4%	12.5%	8.1%
FCF/Rev LTM	2.4%	5.7%	7.0%	2.0%	4.4%	11.3%	5.1%
FCF/Rev 3Y Avg	-	5.8%	7.6%	4.7%	2.0%	10.8%	5.8%

Valuation

	ECG	PWR	EME	MTZ	MYRG	FIX	Median
Name	Everus C.	Quanta S.	EMCOR	MasTec	MYR	Comfort .
Mkt Cap	5.6	80.7	31.5	22.2	4.1	45.1	26.9
P/S	1.5	2.8	1.9	1.6	1.2	5.0	1.7
P/EBIT	20.3	48.9	18.2	32.3	27.2	34.7	29.8
P/E	27.9	78.5	24.8	55.8	41.4	44.1	42.8
P/CFO	35.9	36.2	24.2	40.8	17.4	38.0	36.0
Total Yield	3.6%	1.3%	4.2%	1.8%	2.4%	2.4%	2.4%
Dividend Yield	0.0%	0.1%	0.1%	0.0%	0.0%	0.2%	0.0%
FCF Yield 3Y Avg	-	3.1%	6.2%	6.4%	2.3%	5.1%	5.1%
D/E	0.1	0.1	0.0	0.1	0.0	0.0	0.0
Net D/E	0.0	0.1	-0.0	0.1	0.0	-0.0	0.0

Returns

	ECG	PWR	EME	MTZ	MYRG	FIX	Median
Name	Everus C.	Quanta S.	EMCOR	MasTec	MYR	Comfort .
1M Rtn	28.7%	16.3%	-0.4%	21.3%	4.9%	14.3%	15.3%
3M Rtn	20.2%	17.3%	13.2%	30.1%	14.2%	27.8%	18.7%
6M Rtn	48.6%	45.1%	13.0%	60.5%	45.0%	81.3%	46.9%
12M Rtn	178.8%	124.5%	88.7%	140.3%	118.3%	291.4%	132.4%
3Y Rtn	110.0%	232.9%	329.2%	187.8%	114.4%	768.7%	210.3%
1M Excs Rtn	30.7%	18.4%	1.7%	23.4%	7.0%	16.4%	17.4%
3M Excs Rtn	20.3%	20.1%	17.0%	32.4%	20.3%	36.4%	20.3%
6M Excs Rtn	38.8%	40.0%	6.6%	52.8%	37.8%	73.2%	39.4%
12M Excs Rtn	161.2%	98.3%	64.8%	107.9%	94.7%	253.0%	103.1%
3Y Excs Rtn	39.5%	169.2%	255.6%	111.9%	43.8%	710.8%	140.6%

FDIC Bank Data

Bank Capital

null

Bank Deposits

null

Bank Assets

null

Bank Loans

null

FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Filing Date	2/25/2026	2/25/2026	2/28/2025	9/12/2024	2/28/2025	9/12/2024
Key Financials
Total Revenue	3,746	3,746	2,850	2,854	2,699	2,052
EBITDA	307	308	220	218	187	168
Operating Income	265	265	190	191	165	146
Net Income	202	202	143	137	125	109
EPS	3.95	3.95	2.81	2.69	2.45	2.15
Growth Rates
Total Revenue Growth	31.5%	31.5%	-0.2%	5.7%	31.6%	-
EBITDA Growth	39.3%	40.0%	1.1%	16.1%	11.8%	-
Operating Income Growth	39.4%	39.4%	-0.3%	15.7%	13.0%	-
Net Income Growth	40.7%	40.7%	4.5%	10.0%	14.1%	-
Margins
EBITDA Margin	8.2%	8.2%	7.7%	7.6%	6.9%	8.2%
Operating Income Margin	7.1%	7.1%	6.7%	6.7%	6.1%	7.1%
Net Income Margin	5.4%	5.4%	5.0%	4.8%	4.6%	5.3%
Cash & Debt
Total Cash	170	170	86	2	2	�
Total Debt	372	372	363	222	305	0
Net Debt / (Cash)	202	202	277	221	303	�
Cash Flows
Net Cash from Operations	157	157	163	171	-25	85
Free Cash from Operations	90	90	115	136	-61	58
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023
Filing Date	2/25/2026	11/5/2025	8/13/2025	5/15/2025	2/28/2025	11/21/2024	9/12/2024	5/15/2025	9/12/2024	11/21/2024	9/12/2024
Key Financials Quarterly
Total Revenue	1,011	987	921	827	760	761	703	626	636	717	747
Ebitda	82	85	82	58	54	61	59	46	58	57	55
Operating Income	69	72	73	51	46	54	51	39	51	50	54
Net Income	55	57	53	37	34	42	39	28	36	36	39
EPS	1.08	1.11	1.04	0.72	0.68	0.82	0.76	0.55	0.72	0.71	0.76
Key Financials TTM
Total Revenue TTM	3,746	3,495	3,269	3,051	2,850	2,726	2,682	2,726	-	-	-
Ebitda TTM	307	279	255	233	220	224	220	216	-	-	-
Operating Income TTM	265	242	223	202	190	195	191	194	-	-	-
Net Income TTM	202	181	166	152	143	145	140	139	-	-	-
Growth Rates Quarterly
Total Revenue Growth	33.2%	29.7%	31.0%	32.1%	19.5%	6.1%	-5.8%	-	-	-	-
EBITDA Growth	51.6%	38.8%	37.8%	27.6%	-7.1%	6.8%	7.3%	-	-	-	-
Operating Income Growth	49.7%	34.8%	41.3%	31.1%	-9.7%	7.2%	-5.5%	-	-	-	-
Net Income Growth	60.4%	36.4%	35.6%	30.0%	-5.5%	16.0%	0.8%	-	-	-	-
Margins Quarterly
EBITDA Margin	8.1%	8.6%	8.8%	7.1%	7.1%	8.0%	8.4%	7.3%	9.1%	8.0%	7.4%
Operating Income Margin	6.8%	7.3%	7.9%	6.2%	6.1%	7.1%	7.3%	6.2%	8.0%	7.0%	7.3%
Net Income Margin	5.5%	5.8%	5.7%	4.4%	4.5%	5.5%	5.5%	4.5%	5.7%	5.0%	5.2%
Cash & Debt
Total Cash	170	130	65	54	86	1	59	-	2	-	-
Total Debt	372	370	363	360	363	284	399	0	222	0	0
Net Debt / (Cash)	202	240	298	306	277	283	340	-	221	-	-
Cash Flows Quarterly
FCF from Operations	48	76	25	7	81	79	-18	22	110	80	-
Cash Flows TTM
FCF from Operations TTM	157	189	192	149	163	193	194	-	-	-	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	58.2%	54.1%	47.6%	32.5%	31.7%	37.3%	31.3%	-	42.5%	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	55.1%	45.3%	36.6%	32.7%	33.2%	33.9%	29.7%	-	-	-	-

Segment Financials

Assets by Segment

$ Mil	2025	2024
Electrical & Mechanical (E&M)	764	713
Transmission & Distribution (T&D)	411	377
Other assets	161	44
Elimination of intercompany receivables	-48	-23
Total	1,288	1,111

Price Behavior

Price Behavior

Market Price	$110.25
Market Cap ($ Bil)	5.6
First Trading Date	11/01/2024
Distance from 52W High	-15.3%
	50 Days	200 Days
DMA Price	$97.41	$64.84
DMA Trend	up	up
Distance from DMA	13.2%	70.0%
	3M	1YR
Volatility	76.2%	59.8%
Downside Capture	260.44	180.33
Upside Capture	416.90	256.20
Correlation (SPY)	46.9%	52.6%

ECG Betas & Captures as of 2/28/2026

	1M	2M	3M	6M	1Y	3Y
Beta	4.01	2.60	3.23	2.88	1.63	0.10
Up Beta	6.38	5.40	5.27	3.61	1.37	-0.39
Down Beta	-0.86	0.24	1.84	2.09	1.35	0.10
Up Capture	817%	505%	533%	564%	654%	160%
Bmk +ve Days	9	20	31	70	142	431
Stock +ve Days	11	21	32	63	128	165
Down Capture	198%	135%	218%	213%	135%	102%
Bmk -ve Days	12	21	30	54	109	320
Stock -ve Days	10	20	29	61	122	163

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with ECG
ECG	176.4%	59.8%	1.93	-
Sector ETF (XLI)	28.4%	19.2%	1.17	50.5%
Equity (SPY)	16.4%	19.2%	0.66	52.7%
Gold (GLD)	77.1%	26.1%	2.17	4.8%
Commodities (DBC)	19.6%	17.1%	0.89	17.7%
Real Estate (VNQ)	3.1%	16.6%	0.01	26.1%
Bitcoin (BTCUSD)	-21.4%	45.5%	-0.39	32.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with ECG
ECG	15.9%	64.3%	1.12	-
Sector ETF (XLI)	14.5%	17.2%	0.67	46.5%
Equity (SPY)	13.0%	17.0%	0.60	48.4%
Gold (GLD)	24.2%	17.2%	1.14	6.4%
Commodities (DBC)	11.9%	19.0%	0.51	16.8%
Real Estate (VNQ)	5.0%	18.8%	0.17	23.1%
Bitcoin (BTCUSD)	7.5%	56.8%	0.35	28.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with ECG
ECG	7.7%	64.3%	1.12	-
Sector ETF (XLI)	14.5%	19.8%	0.64	46.5%
Equity (SPY)	15.0%	17.9%	0.72	48.4%
Gold (GLD)	15.1%	15.6%	0.80	6.4%
Commodities (DBC)	9.0%	17.6%	0.43	16.8%
Real Estate (VNQ)	6.1%	20.7%	0.26	23.1%
Bitcoin (BTCUSD)	66.7%	66.8%	1.06	28.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	2132026
Short Interest: Shares Quantity	2.1 Mil
Short Interest: % Change Since 1312026	6.9%
Average Daily Volume	0.6 Mil
Days-to-Cover Short Interest	3.5 days
Basic Shares Quantity	51.0 Mil
Short % of Basic Shares	4.1%

Returns Analyses

	Title
0	Is Everus Construction Stock Built to Withstand More Downside?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
2/24/2026	24.8%	11.4%
11/4/2025	7.7%	15.4%	5.9%
8/12/2025	4.4%	-0.6%	4.5%
5/13/2025	17.3%	14.7%	17.5%
SUMMARY STATS
# Positive	4	3	3
# Negative	0	1	0
Median Positive	12.5%	14.7%	5.9%
Median Negative		-0.6%
Max Positive	24.8%	15.4%	17.5%
Max Negative		-0.6%

	Forward Returns
2/24/2026	24.8%	11.4%
11/4/2025	7.7%	15.4%	5.9%
8/12/2025	4.4%	-0.6%	4.5%
5/13/2025	17.3%	14.7%	17.5%
SUMMARY STATS
# Positive	4	3	3
# Negative	0	1	0
Median Positive	12.5%	14.7%	5.9%
Median Negative		-0.6%
Max Positive	24.8%	15.4%	17.5%
Max Negative		-0.6%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
12/31/2025	02/25/2026	10-K
09/30/2025	11/05/2025	10-Q
06/30/2025	08/13/2025	10-Q
03/31/2025	05/15/2025	10-Q
12/31/2024	02/28/2025	10-K
09/30/2024	11/21/2024	10-Q
06/30/2024	09/12/2024	10-12B

Insider Activity

Expand for More

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Hernandez, Helena Mercedes		Direct	Buy	12082025	92.18	250	23,045	194,500	Form

ECG Trade Sentinel

Stock Conviction

null

CONVICTION RATIONALE

null

STOCK ARCHETYPE

null

INVESTMENT THESIS

null

Mechanism: null

Supporting Evidence:

PRIMARY RISK

null

Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

null

Diversification Alternatives

How Is The Market Pricing ECG?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What ECG Makes & Who Pays

TTM figures based on

ECG Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Everus Construction (ECG)

Market Price (3/7/2026): $110.185 | Market Cap: $5.6 BilSector: Industrials | Industry: Construction & Engineering

Everus Construction (ECG)

Market Price (3/7/2026): $110.185Market Cap: $5.6 BilSector: IndustrialsIndustry: Construction & Engineering

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Everus Construction (ECG)

Interactive Breakdown

Better Bets vs. Everus Construction (ECG)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

FDA Approved Drugs Data

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

ECG Trade Sentinel

null

CONVICTION RATIONALE

STOCK ARCHETYPE

INVESTMENT THESIS

PRIMARY RISK

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Position Sizing

null

Diversification Alternatives

Repricing Catalyst

Industry Resources

External Quote Links

Market Price (3/7/2026): $110.185 | Market Cap: $5.6 Bil
Sector: Industrials | Industry: Construction & Engineering

Market Price (3/7/2026): $110.185
Market Cap: $5.6 Bil
Sector: Industrials
Industry: Construction & Engineering