MYR Group Inc (MYRG)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	90,990	91,521	88,445	85,856	83,381	79,500	84,235	85,770	85,010	82,468	76,589	68,755	58,759	53,384	46,447	40,269	37,690	35,566	33,168	32,796
Total stockholders’ equity	US$ in thousands	651,202	625,459	604,300	577,565	560,200	535,877	531,082	536,278	519,102	496,176	471,625	448,460	429,288	408,600	389,446	374,982	364,471	350,568	339,039	330,727
ROE		13.97%	14.63%	14.64%	14.87%	14.88%	14.84%	15.86%	15.99%	16.38%	16.62%	16.24%	15.33%	13.69%	13.07%	11.93%	10.74%	10.34%	10.15%	9.78%	9.92%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $90,990K ÷ $651,202K
= 13.97%

MYR Group Inc has shown consistent ROE figures in the range of 13.97% to 15.99% over the past eight quarters. The ROE values have been relatively stable, fluctuating within a narrow band. This indicates that the company is effectively utilizing its equity to generate profits. The slightly decreasing trend observed in the most recent quarters may raise concerns about the company's ability to maintain high returns in the future. However, an overall strong performance in ROE suggests that MYR Group Inc is efficiently using its shareholders' equity to generate earnings and create value.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROE

MYR Group Inc

MYRG

13.97%