ECG on NYSE
Everus Construction Group, Inc.
American operative builders company based in Bismarck, incorporated in Delaware. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerECG on NYSE2
- IndustryOperative Builders2
- HeadquartersBismarck, United States2
- Incorporated inDE3
- Business address1730 Burnt Boat Drive, Bismarck, Nd 585033
- Filer categoryLarge accelerated filer3
- Legal formCorporation2
- LEI2549006JMMHR0KILT4252
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 30362652
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On November 2, 2023, MDU Resources announced its intent to pursue a tax-free spinoff of Everus Construction (formerly known as MDU Construction Services Group, Inc.) from MDU Resources (the “Separation”). Prior to the Separation, Everus Construction was the construction services segment of MDU Resources and operated as a wholly owned subsidiary of CEHI, LLC (“Centennial”), which is a wholly owned subsidiary of MDU Resources. In anticipation of the Separation, MDU Resources formed a new wholly owned subsidiary, Everus Construction Group, Inc., that became the new parent company of Everus Construction.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
12.1%Gross margin5
7.1%Operating margin5
5.4%Net margin5
31.5%Revenue growth, 20255
32.0%Return on equity5
0.42×Debt to equity5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Electrical And Mechanical brought in 77% of the revenue Everus Construction Group, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Electrical And Mechanical | $2.1B | $2.0B | $2.9B |
| Transmission And Distribution | $734.6M | $837.1M | $848.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue88¢$3.3B
- Selling, general and admin5¢$189.3M
- Income tax2¢$72.3M
- Profit5¢$201.8M
Out of $3.7B in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$156.8M
Out of $156.8M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating revenues | $3.7B | $2.8B | $2.9B |
| Cost of sales | $3.3B | $2.5B | $2.5B |
| Gross profit | $454.1M | $339.5M | $321.9M |
| Selling, general and administrative expenses | $189.3M | $149.5M | $131.4M |
| Operating income | $264.8M | $189.9M | $190.5M |
| Interest income | $4.6M | $0 | $0 |
| Interest expense | $21.5M | $14.0M | $17.0M |
| Other income, net | $9.9M | $4.9M | $4.0M |
| Income before income taxes and income from equity method investments | $257.8M | $180.8M | $177.6M |
| Income taxes expense | $72.3M | $49.5M | $45.3M |
| Income from equity method investments | $16.3M | $12.2M | $4.9M |
| Net income | $201.8M | $143.4M | $137.2M |
| Earnings per share - basic (in dollars per share) | $3.95 | $2.81 | $2.69 |
| Earnings per share - diluted (in dollars per share) | $3.95 | $2.81 | $2.69 |
| Weighted average common shares outstanding - basic (in shares) | 51.0M shares | 51.0M shares | 51.0M shares |
| Weighted average common shares outstanding - diluted (in shares) | 51.1M shares | 51.1M shares | 51.0M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2024-10-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | $170.5M | $86.0M | $1.6M | $2.1M | |
| Receivables, net of allowance for credit losses of $5,282 and $7,097, respectively | $769.8M | $590.0M | |||
| Contract assets | $255.8M | $167.0M | $206.2M | ||
| Inventories | $45.3M | $43.8M | |||
| Prepayments and other current assets | $55.0M | $30.4M | |||
| Total current assets | $1.3B | $917.2M | |||
| Investments | $27.1M | $21.3M | |||
| Property, plant and equipment, net of accumulated depreciation of $174,914 and $157,278, respectively | $168.5M | $134.4M | |||
| Operating lease right-of-use assets | $88.7M | $67.0M | |||
| Goodwill | $143.2M | $143.2M | |||
| Other noncurrent assets | $4.8M | $5.3M | |||
| Total noncurrent assets | $432.4M | $371.2M | |||
| Total assets | $1.7B | $1.3B | |||
| Current portion of long-term debt | $15.0M | $15.0M | |||
| Accounts payable | $226.3M | $138.1M | |||
| Contract liabilities, net | $305.1M | $207.3M | $140.1M | ||
| Taxes payable | $6.5M | $6.8M | |||
| Accrued compensation | $87.0M | $67.8M | |||
| Accrued payroll-related liabilities | $47.2M | $39.0M | |||
| Current portion of operating lease liabilities | $33.9M | $26.4M | |||
| Other accrued liabilities | $15.3M | $13.0M | |||
| Total current liabilities | $736.2M | $513.4M | |||
| Long-Term Debt, Excluding Current Maturities | $266.5M | $280.6M | |||
| Deferred income taxes | $14.9M | $8.2M | |||
| Operating lease liabilities | $56.6M | $41.2M | |||
| Other noncurrent liabilities | $24.7M | $22.5M | |||
| Total noncurrent liabilities | $362.7M | $352.5M | |||
| Total liabilities | $1.1B | $865.9M | |||
| Preferred stock, 10,000,000 shares authorized, $0.01 par value, none issued and outstanding | $0 | $0 | |||
| Common stock, 300,000,000 shares authorized, $0.01 par value, 51,006,719 and 50,980,924 shares issued and outstanding at December 31, 2025 and 2024, respectively | $510.0K | $510.0K | |||
| Other paid-in capital | $143.6M | $138.1M | |||
| Retained earnings | $485.7M | $284.0M | |||
| Total stockholders equity | $629.8M | $422.6M | $448.9M | $382.2M | |
| Total liabilities and stockholders equity | $1.7B | $1.3B | |||
| Allowance for receivables | $5.3M | $7.1M | |||
| Accumulated depreciation | $174.9M | $157.3M | |||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | |||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |||
| Common stock, authorized (in shares) | 300.0M shares | ||||
| Common stock, stated value (in dollars per share) | $0.01 | $0.01 | |||
| Common stock, issued (in shares) | 51.0M shares | 51.0M shares | 51.0M shares | ||
| Common stock, outstanding (in shares) | 51.0M shares | 51.0M shares | 51.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-10-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | $170.5M | $86.0M | $1.6M | $2.1M | |
| Receivables, net of allowance for credit losses of $5,282 and $7,097, respectively | $769.8M | $590.0M | |||
| Contract assets | $255.8M | $167.0M | $206.2M | ||
| Inventories | $45.3M | $43.8M | |||
| Prepayments and other current assets | $55.0M | $30.4M | |||
| Total current assets | $1.3B | $917.2M | |||
| Investments | $27.1M | $21.3M | |||
| Property, plant and equipment, net of accumulated depreciation of $174,914 and $157,278, respectively | $168.5M | $134.4M | |||
| Operating lease right-of-use assets | $88.7M | $67.0M | |||
| Goodwill | $143.2M | $143.2M | |||
| Other noncurrent assets | $4.8M | $5.3M | |||
| Total noncurrent assets | $432.4M | $371.2M | |||
| Total assets | $1.7B | $1.3B | |||
| Current portion of long-term debt | $15.0M | $15.0M | |||
| Accounts payable | $226.3M | $138.1M | |||
| Contract liabilities, net | $305.1M | $207.3M | $140.1M | ||
| Taxes payable | $6.5M | $6.8M | |||
| Accrued compensation | $87.0M | $67.8M | |||
| Accrued payroll-related liabilities | $47.2M | $39.0M | |||
| Current portion of operating lease liabilities | $33.9M | $26.4M | |||
| Other accrued liabilities | $15.3M | $13.0M | |||
| Total current liabilities | $736.2M | $513.4M | |||
| Long-Term Debt, Excluding Current Maturities | $266.5M | $280.6M | |||
| Deferred income taxes | $14.9M | $8.2M | |||
| Operating lease liabilities | $56.6M | $41.2M | |||
| Other noncurrent liabilities | $24.7M | $22.5M | |||
| Total noncurrent liabilities | $362.7M | $352.5M | |||
| Total liabilities | $1.1B | $865.9M | |||
| Preferred stock, 10,000,000 shares authorized, $0.01 par value, none issued and outstanding | $0 | $0 | |||
| Common stock, 300,000,000 shares authorized, $0.01 par value, 51,006,719 and 50,980,924 shares issued and outstanding at December 31, 2025 and 2024, respectively | $510.0K | $510.0K | |||
| Other paid-in capital | $143.6M | $138.1M | |||
| Retained earnings | $485.7M | $284.0M | |||
| Total stockholders equity | $629.8M | $422.6M | $448.9M | $382.2M | |
| Total liabilities and stockholders equity | $1.7B | $1.3B | |||
| Allowance for receivables | $5.3M | $7.1M | |||
| Accumulated depreciation | $174.9M | $157.3M | |||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | |||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |||
| Common stock, authorized (in shares) | 300.0M shares | ||||
| Common stock, stated value (in dollars per share) | $0.01 | $0.01 | |||
| Common stock, issued (in shares) | 51.0M shares | 51.0M shares | 51.0M shares | ||
| Common stock, outstanding (in shares) | 51.0M shares | 51.0M shares | 51.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $201.8M | $143.4M | $137.2M |
| Depreciation | $28.7M | $23.4M | $21.1M |
| Amortization of intangible assets | $116.0K | $1.9M | $2.1M |
| Deferred income taxes | $6.3M | $1.6M | -$3.1M |
| Net credit loss expenses (reversals) | $636.0K | -$56.0K | $6.2M |
| Amortization of debt issuance costs | $1.6M | $263.0K | $0 |
| Stock-based compensation costs | $6.3M | $1.6M | $804.0K |
| Net unrealized gains on investments | -$771.0K | -$585.0K | $0 |
| Gain on sale of assets | -$6.0M | -$7.2M | -$8.2M |
| Equity in earnings of unconsolidated affiliates, net of distributions | -$5.2M | -$8.1M | -$4.9M |
| Receivables | -$180.4M | -$140.3M | $28.9M |
| Due from related-party | $0 | $11.5M | -$489.0K |
| Contract assets | -$88.7M | $39.2M | $16.9M |
| Inventories | -$1.5M | -$1.0M | -$5.9M |
| Other current assets | -$24.6M | -$12.8M | -$4.4M |
| Accounts payable | $88.4M | $14.3M | -$21.8M |
| Due to related-party | $0 | -$2.1M | -$2.8M |
| Contract liabilities, net | $97.8M | $67.2M | $15.7M |
| Other current liabilities | $29.2M | $20.7M | -$6.9M |
| Other noncurrent changes | $3.2M | $10.6M | $921.0K |
| Net cash provided by operating activities | $156.8M | $163.4M | $171.3M |
| Capital expenditures | -$66.8M | -$48.3M | -$35.6M |
| Net proceeds from sale or disposition of property, plant and equipment | $10.0M | $13.7M | $16.2M |
| Proceeds from insurance contracts | $2.2M | $0 | $0 |
| Investments | -$2.1M | -$2.5M | -$596.0K |
| Net cash used in investing activities | -$56.8M | -$37.1M | -$20.0M |
| Issuance of long-term debt | $0 | $300.0M | $0 |
| Proceeds under the credit facility | $0 | $40.0M | $0 |
| Repayments under the credit facility | $0 | -$40.0M | $0 |
| Payment of debt issuance costs | $0 | -$7.9M | $0 |
| Tax withholding on stock-based compensation | -$588.0K | $0 | $0 |
| Contribution from MDU Resources | $0 | $13.5M | $0 |
| Net amounts paid to MDU Resources cash management program | $0 | -$168.5M | -$10.6M |
| Transfers to CEHI, LLC and MDU Resources | $0 | -$179.0M | -$69.3M |
| Net cash used in financing activities | -$15.6M | -$41.9M | -$151.9M |
| Increase (decrease) in cash, cash equivalents and restricted cash | $84.5M | $84.4M | -$545.0K |
| Interest paid | $19.7M | $14.8M | $16.8M |
| Income taxes paid, net | $77.8M | $50.2M | $52.3M |
| Purchases of property, plant and equipment included in accounts payable | $216.0K | $421.0K | $258.0K |
No quarter-by-quarter statement was filed.
Compare Everus Construction Group, Inc. with another company
Leadership
Who has led Everus Construction Group, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2025
- Chief executive officerJeffrey S. Thiede Feb 24, 2025 to now9
- PresidentJeffrey S. Thiede Oct 17, 2024 to now10
- Chief financial officerMaximillian J. Marcy Nov 1, 2024 to now11
- Chief operating officerThomas D. Nosbusch Nov 1, 2024 to now12
Board members and other officers (18)
- VP of Human ResourcesBritney A. Hendricks Feb 20, 2025 to now13
- VP of TechnologyJason A. Behring Feb 20, 2025 to now14
- VP of Corp. Dev. & StrategyTimothy Ryan Sznewajs May 1, 2025 to now15
- Assistant SecretaryAdrienne L. Riehl Oct 17, 2024 to Oct 17, 202416
- TreasurerJason L. Vollmer Oct 17, 2024 to Oct 17, 202417
- VP & CAOJon B. Hunke Nov 1, 2024 to now18
- Board memberHelena Mercedes Hernandez Aug 13, 2025 to now19
- Board memberJason L. Vollmer Oct 17, 2024 to Oct 17, 202417
- Board memberJeffrey S. Thiede Oct 17, 2024 to now10
- Board memberNicole A. Kivisto Oct 17, 2024 to Oct 17, 202420
- Board memberPaul R. Sanderson Oct 17, 2024 to Feb 24, 202521
- Board memberDavid M. Sparby Oct 28, 2024 to now22
- Board memberBetty R. Johnson Nov 1, 2024 to now23
- Board memberClark A. Wood Nov 1, 2024 to now24
- Board memberDale Rosenthal Nov 1, 2024 to now25
- Board memberEdward A. Ryan Nov 1, 2024 to now26
- Board memberRocca Michael Della Nov 1, 2024 to now27
- General counselPaul R. Sanderson Oct 17, 2024 to now21
Timeline
Filings
144 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 23 major events, 72 insider forms, 11 large holders, 30 other. The latest 20:
- Sep 8, 20268-K EDGAR
- Sep 2, 20268-K EDGAR
- Sep 1, 20264 EDGAR
- Sep 1, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 11, 20264 EDGAR
- Aug 7, 2026144 EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 4, 20268-K EDGAR
- Jul 31, 20268-K EDGAR
- Jul 14, 2026SCHEDULE 13G/A EDGAR
- Jun 24, 202611-K EDGAR
- Jun 1, 20264 EDGAR
- Jun 1, 20264 EDGAR
- May 28, 2026SD EDGAR
- May 26, 20264 EDGAR
- May 14, 20268-K EDGAR
- May 13, 20264 EDGAR
- May 13, 20264 EDGAR
- May 13, 20264 EDGAR
The 144 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
6 open-market trades by officers, directors and large owners since October 2021: 5 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | SPARBY DAVID MDirector | Buy | 1,000 | $144.95 | $144.9K | Form 4 |
| Aug 7, 2026 | Sanderson Paul R.VP, CLO & Corporate Secretary | Sale | 3,300 | $136.69 | $451.1K | Form 4 |
| Dec 8, 2025 | Hernandez Helena MercedesDirector | Buy | 250 | $92.18 | $23.0K | Form 4 |
| Feb 25, 2025 | Marcy Maximillian JVP, CFO & Treasurer | Buy | 1,300 | $39.00 | $50.7K | Form 4 |
| Feb 25, 2025 | Ryan Edward ADirector | Buy | 1,400 | $38.03 | $53.2K | Form 4 |
| Feb 18, 2025 | DELLA ROCCA MICHAELDirector | Buy | 1,050 | $47.57 | $49.9K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- WASATCH ADVISORS LPSCHEDULE 13G/A, 2 filings Apr 21, 2026 to Jul 14, 202628
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202629
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202630
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Dec 6, 2024 to Mar 26, 202631
- BARROW HANLEY MEWHINNEY & STRAUSS LLCSCHEDULE 13G, 4 filings May 14, 2025 to Feb 11, 202632
- BlackRockSC 13G, 1 filing Dec 6, 202433
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 6,593,812 | $1.1B | 0.0% | +502,887 |
| Vanguard Portfolio Management LLC | 2,638,646 | $437.9M | 0.0% | +57,081 |
| Vanguard Capital Management LLC | 2,304,744 | $382.5M | 0.0% | +13,819 |
| State Street Corp | 1,693,806 | $281.1M | 0.0% | +76,478 |
| Invesco Ltd. | 1,569,546 | $260.5M | 0.0% | +612,940 |
| Geode Capital Management, LLC | 1,455,926 | $241.7M | 0.0% | +280,236 |
| Wasatch Advisors LP | 1,196,538 | $198.6M | 1.3% | −1,820,711 |
| Capital International Investors | 1,099,806 | $182.5M | 0.0% | −14,805 |
| Dimensional Fund Advisors LP | 1,048,171 | $173.9M | 0.0% | −56,885 |
| Capital World Investors | 1,028,743 | $170.7M | 0.0% | +414,431 |
| First Trust Advisors LP | 967,686 | $160.6M | 0.1% | −313,230 |
| Forest Avenue Capital Management LP | 826,510 | $137.2M | 5.8% | +111,225 |
| Fuller & Thaler Asset Management, Inc. | 808,959 | $134.2M | 0.4% | +37,148 |
| Earnest Partners LLC | 753,089 | $125.0M | 0.5% | −208,094 |
| Morgan Stanley | 746,214 | $123.8M | 0.0% | +80,928 |
| Goldman Sachs Group Inc | 614,240 | $101.9M | 0.0% | +238,151 |
| Charles Schwab Investment Management Inc | 506,719 | $84.1M | 0.0% | −39,499 |
| Jane Street Group, LLC | 455,361 | $75.6M | 0.0% | +383,162 |
| Nomura Asset Management International Inc. | 450,760 | $74.8M | 0.1% | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 440,285 | $73.1M | 0.1% | +34,866 |
| Northern Trust Corp | 433,853 | $72.0M | 0.0% | +23,532 |
| Loomis Sayles & Co L P | 401,870 | $66.7M | 0.1% | −28,678 |
| D. E. Shaw & Co., Inc. | 397,696 | $66.0M | 0.0% | −24,010 |
| Us Bancorp \de\ | 383,036 | $63.6M | 0.1% | −9,374 |
| Alliancebernstein L.P. | 527,721 | $62.3M | 0.0% | −148,878 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 6
- 7
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- 9
- 10SEC EDGARJeffrey S. Thiede, President
- 11
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- 14SEC EDGARJason A. Behring, VP of Technology
- 15
- 16
- 17SEC EDGARJason L. Vollmer, Treasurer
- 18SEC EDGARJon B. Hunke, VP & CAO
- 19
- 20SEC EDGARNicole A. Kivisto, Board member
- 21SEC EDGARPaul R. Sanderson, Board member
- 22SEC EDGARDavid M. Sparby, Board member
- 23SEC EDGARBetty R. Johnson, Board member
- 24SEC EDGARClark A. Wood, Board member
- 25SEC EDGARDale Rosenthal, Board member
- 26SEC EDGAREdward A. Ryan, Board member
- 27SEC EDGARRocca Michael Della, Board member
- 28
- 29
- 30
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- 33