MYR Group Inc (MYRG)
Return on total capital
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 53,018 | 129,943 | 112,529 | 115,462 | 83,732 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 600,360 | 651,202 | 560,200 | 519,102 | 429,288 |
| Return on total capital | 8.83% | 19.95% | 20.09% | 22.24% | 19.50% |
December 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $53,018K ÷ ($—K + $600,360K)
= 8.83%
MYR Group Inc's return on total capital has shown fluctuations over the years. In 2020, the return on total capital was 19.50%, which increased to 22.24% by the end of 2021, indicating improved capital efficiency. However, in 2022, the return decreased slightly to 20.09%, and further declined to 19.95% by the end of 2023. The most significant drop was observed in 2024, with the return on total capital plummeting to 8.83%.
These results suggest that MYR Group Inc's ability to generate profits from its total capital varied during the period under review. It would be prudent for stakeholders to analyze the factors leading to these fluctuations in order to assess the company's overall financial performance and efficiency in utilizing its capital resources.
Peer comparison
Dec 31, 2024