Everus Construction Group Reports Record Financial Results for 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy ECG?
Source: Businesswire
- Significant Revenue Growth: Everus Construction Group achieved over $1 billion in revenue for the first time in Q4 2025, marking a 33.1% increase year-over-year, with full-year revenue reaching $3.75 billion, up 31.5%, showcasing strong performance in both E&M and T&D segments, enhancing market competitiveness.
- Record EBITDA: The company's EBITDA surged 45.5% to $84.8 million in Q4 2025, with full-year EBITDA nearing $319.8 million, reflecting exceptional project execution and robust market demand, further solidifying its financial health.
- Strong Backlog: As of December 31, 2025, Everus reported a backlog of $3.23 billion, a 16.1% increase year-over-year, providing excellent visibility for revenue growth in 2026 and indicating sustained demand in data center and high-tech markets.
- Robust Financial Position: With a net leverage ratio of only 0.4x and $375.5 million in cash and liquidity as of December 31, 2025, the company demonstrates a disciplined financial strategy and strong operational performance, offering flexibility for future organic growth and strategic acquisitions.
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Analyst Views on ECG
Wall Street analysts forecast ECG stock price to fall
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 106.080
Low
97.00
Averages
102.00
High
107.00
Current: 106.080
Low
97.00
Averages
102.00
High
107.00
About ECG
Everus Construction Group, Inc. is a construction solutions provider offering specialty contracting services to a set of end markets across the United States. Its segments are Electrical & Mechanical (E&M) and Transmission & Distribution (T&D). Its E&M segment offers a variety of specialty contracting services, including construction and maintenance of electrical and communication wiring, fire suppression systems, and mechanical piping and services to customers in both the public and private sectors. Its T&D segment specializes in transmission and distribution construction and offers a set of specialty contracting services, including the construction and maintenance of overhead and underground electrical, gas and communication infrastructure. The T&D segment also designs, manufactures, sells and rents overhead and underground line-stringing equipment and tools. This segment also provides solutions for excavation and underground boring, substations, signals and lighting, and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Share Acquisition: Wasatch Advisors purchased 2,160,337 shares of Everus Construction Group in Q4 2026, with a total investment value of $184.84 million, reflecting confidence in the company's market potential.
- Financial Performance: Everus reported Q3 revenue of $986.8 million, a 30% year-over-year increase, with EBITDA rising 36.9% to $89 million and margins expanding to 9%, indicating strong performance in the engineering and construction sector.
- Backlog Growth: Everus's backlog reached $2.95 billion, up 6% from year-end, with management raising full-year revenue guidance to $3.65 billion and EBITDA expectations to $300 million, showcasing future growth potential.
- Market Positioning: Although Everus's stock price has doubled over the past year, its profitability in the infrastructure sector and low leverage provide a different cyclical exposure in investment portfolios, making it appealing for long-term investors.
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- Strong Earnings Performance: Everus Construction Group reported a Q4 GAAP EPS of $1.08, exceeding expectations by $0.31, which reflects the company's robust profitability and enhances investor confidence.
- Significant Revenue Growth: The company achieved Q4 revenue of $1.01 billion, a 32.9% year-over-year increase, surpassing expectations by $130.43 million, indicating a strong growth momentum amid recovering market demand.
- Positive Market Reaction: The impressive earnings report has attracted market attention, with analysts expressing optimism about the company's future, anticipating continued benefits from increased infrastructure investments and industry recovery.
- Healthy Financial Position: With both revenue and earnings growth, Everus Construction Group's financial health is further solidified, providing ample funding support for future expansion and investments.
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- Significant Revenue Growth: Everus Construction Group achieved over $1 billion in revenue for the first time in Q4 2025, marking a 33.1% increase year-over-year, with full-year revenue reaching $3.75 billion, up 31.5%, showcasing strong performance in both E&M and T&D segments, enhancing market competitiveness.
- Record EBITDA: The company's EBITDA surged 45.5% to $84.8 million in Q4 2025, with full-year EBITDA nearing $319.8 million, reflecting exceptional project execution and robust market demand, further solidifying its financial health.
- Strong Backlog: As of December 31, 2025, Everus reported a backlog of $3.23 billion, a 16.1% increase year-over-year, providing excellent visibility for revenue growth in 2026 and indicating sustained demand in data center and high-tech markets.
- Robust Financial Position: With a net leverage ratio of only 0.4x and $375.5 million in cash and liquidity as of December 31, 2025, the company demonstrates a disciplined financial strategy and strong operational performance, offering flexibility for future organic growth and strategic acquisitions.
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- Quarterly Revenue Surge: In Q4 2025, Everus Construction Group reported revenues of $1.01 billion, a 33.1% increase year-over-year, marking the first time revenues exceeded $1 billion, demonstrating robust growth in both Electrical & Mechanical (E&M) and Transmission & Distribution (T&D) segments.
- Significant Net Income Increase: The net income for Q4 reached $55.3 million, up 60.8% from the previous year, with a net income margin of 5.5%, reflecting effective management in project execution and cost control.
- EBITDA Growth: Q4 2025 EBITDA was $84.8 million, a 45.5% increase year-over-year, with an EBITDA margin of 8.4%, indicating ongoing improvements in operational efficiency and profitability.
- Strong Backlog: As of December 31, 2025, Everus's backlog stood at $3.23 billion, up 16.1% year-over-year, providing excellent visibility for revenue growth in 2026 and highlighting strong market demand.
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- New Investment Disclosure: Wasatch Advisors disclosed a new stake in Everus Construction Group on February 12, 2026, acquiring 2,160,337 shares worth $184.84 million, indicating strong confidence in the company's future.
- Ownership Proportion Analysis: This acquisition represents 1.1% of Wasatch Advisors' assets under management, reflecting optimism about Everus's position in the infrastructure construction sector, especially given the stock's approximately 100% increase over the past year.
- Financial Performance Highlights: Everus reported third-quarter revenue of $986.8 million, a 30% year-over-year increase, with EBITDA rising 36.9% to $89 million, showcasing robust profitability and market demand.
- Future Outlook: With a backlog of $2.95 billion and management raising full-year revenue guidance to $3.65 billion, Everus demonstrates significant growth potential in the infrastructure sector, attracting investor interest.
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- Share Sale Details: Managed Asset Portfolios disclosed the sale of 120,214 shares of Everus Construction Group during Q4, valued at approximately $10.76 million, reducing its stake from 2.9% to 1.54% of the fund's assets.
- Impact of Position Change: This transaction resulted in a net position change of $10.34 million, indicating a strategic adjustment in risk management as the fund recalibrates its exposure to Everus.
- Strong Company Performance: Everus reported nearly 30% year-over-year revenue growth in its latest Q3, with EBITDA up 37% and a backlog of approximately $2.95 billion, prompting management to raise full-year 2025 revenue guidance to $3.65 billion.
- Market Performance Analysis: The stock has risen nearly 38% over the past year, significantly outperforming the S&P 500, and the fund's decision to trim its position is viewed as a risk management strategy rather than a lack of confidence in Everus's prospects.
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