Everus Constr Group Inc

Latest Results (18.05.2026):

Everus Construction Group, Inc. (Everus Constr Group Inc) reported results for the fourth quarter and full-year 2025. For Q4 2025 the company generated record revenues of $1.01 billion (up 33.1% year-over-year), net income of $55.3 million (up 60.8%) and diluted EPS of $1.08 (up 61.2%). Full-year 2025 results were also record-setting with revenues of $3.75 billion (up 31.5%), net income of $201.8 million (up 40.7%), EBITDA of $319.8 million (up 37.7%) and year-end backlog of about $3.23 billion (up 16.1%).

Quarterly revenue and EBITDA

Q4 2025 revenues reached $1.011 billion (+33.1% vs. Q4 2024) and EBITDA rose to $84.8 million (+45.5%), yielding an EBITDA margin of 8.4% (vs. 7.7% a year ago).

Profitability and per‑share results

Q4 net income was $55.3 million (net margin 5.5%), producing diluted EPS of $1.08. Full-year 2025 diluted EPS was $3.95, a ~40.6% increase versus 2024.

Segment trends

The Electrical & Mechanical (E&M) segment drove most growth: Q4 E&M revenues were $791.6 million (+44.0%) with E&M EBITDA of $67.1 million (+57.1%). Transmission & Distribution (T&D) grew modestly (Q4 revenues $227.7 million, +6.8%) but saw flat EBITDA quarter-over-quarter and some margin compression due to mix and timing.

Backlog and demand visibility

Backlog was $3.23 billion at Dec. 31, 2025 (up 16.1% YoY), with E&M backlog ~$2.84 billion and T&D backlog ~$384.5 million, supporting revenue visibility entering 2026—management cited strong activity in data center, hospitality, high‑tech and utility markets.

Balance sheet, cash flow and leverage

As of Dec. 31, 2025 Everus had unrestricted cash of about $152.7 million, gross debt of $285.0 million and net leverage of ~0.4x (trailing‑12‑month EBITDA). Operating cash flow was $156.8 million for 2025; free cash flow was $100.0 million after ~$66.8 million of capex.

2026 guidance

Management guided 2026 revenues to $4.1–$4.2 billion, EBITDA to $320–$335 million, and gross capex to $90–$100 million (≈2.1–2.4% of forecasted revenues).