MYR Group Inc (MYRG)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	125,004	125,285	120,550	116,831	114,204	107,929	112,560	113,764	116,310	112,008	105,103	94,373	81,385	74,424	64,699	56,020	51,918	48,167	44,900	44,826
Revenue (ttm)	US$ in thousands	3,643,182	3,503,201	3,363,351	3,182,690	3,007,357	2,790,230	2,601,725	2,543,615	2,499,388	2,461,226	2,457,936	2,320,105	2,245,418	2,208,523	2,183,497	2,119,856	2,069,209	1,944,479	1,761,776	1,652,918
Pretax margin		3.43%	3.58%	3.58%	3.67%	3.80%	3.87%	4.33%	4.47%	4.65%	4.55%	4.28%	4.07%	3.62%	3.37%	2.96%	2.64%	2.51%	2.48%	2.55%	2.71%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $125,004K ÷ $3,643,182K
= 3.43%

MYR Group Inc's pretax margin has shown a gradual decrease over the past eight quarters, from 4.47% in Q1 2022 to 3.43% in Q4 2023. This trend indicates a potential decline in the company's profitability before accounting for taxes and other expenses. It is essential for the company to closely monitor and address the factors contributing to this decreasing margin to ensure sustained financial health and efficiency in its operations.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

MYR Group Inc

MYRG

3.43%