ECG on NYSE
Everus Construction Group, Inc.
American operative builders company based in Bismarck, incorporated in Delaware2
In its 2026 annual report the company says: “We are a leading construction solutions provider headquartered in Bismarck, North Dakota, offering specialty contracting services to a diverse set of end markets across the United States. We operate throughout most of the United States through two reportable, operating segments: Electrical & Mechanical and Transmission & Distribution. We deliver services through our 15 wholly owned operating companies, which go to market under 19 local brands allowing us to differentiate the services we provide and geographical markets we serve.”5 Its shares trade on NYSE under the symbol ECG.2
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Last updated Oct 21, 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.5 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 margin6
7.1%Operating margin6
5.4%Net margin6
31.5%Revenue growth, 20256
32.0%Return on equity6
0.42×Debt to equity6
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.6
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$156.8M
Out of $156.8M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| 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.6
| 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.6
| 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
Corporate structure
Everus Construction Group, Inc. sits at the top of its group. 23 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Everus Construction Group, Inc.
- WASATCH ADVISORS LP Filed SCHEDULE 13G/A on Everus Construction Group, Inc., latest Jul 14, 2026 (2 filings since Apr 21, 2026)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Everus Construction Group, Inc., latest Apr 29, 2026
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on Everus Construction Group, Inc., latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Everus Construction Group, Inc., latest Mar 26, 2026 (2 filings since Dec 6, 2024)
- BARROW HANLEY MEWHINNEY & STRAUSS LLC Filed SCHEDULE 13G on Everus Construction Group, Inc., latest Feb 11, 2026 (4 filings since May 14, 2025)
- BlackRock Filed SC 13G on Everus Construction Group, Inc., latest Dec 6, 2024
- Everus Construction Group, Inc. Bismarck, North Dakota, United States
- Bombard Electric, LLC Subsidiary · Nevada, United States
- Bombard Mechanical, LLC Subsidiary · Nevada, United States
- Capital Electric Construction Company, Inc. Subsidiary · Kansas, United States
- Capital Electric Line Builders, LLC Subsidiary · Kansas, United States
- Desert Fire Holdings, Inc. Subsidiary · Nevada, United States
- Desert Fire Protection, a Nevada Limited Partnership Subsidiary · Nevada, United States
- Desert Fire Protection, Inc. Subsidiary · Nevada, United States
- Duro Electric Company Subsidiary · Colorado, United States
- E.S.I., Inc. Subsidiary · Ohio, United States
- Everus BenefitCo, Inc. Subsidiary · Delaware, United States
- Everus Construction, Inc. Subsidiary · Delaware, United States
- Everus Industrial Services, LLC Subsidiary · Delaware, United States
- Everus United Construction Solutions, LLC Subsidiary · Delaware, United States
- Frebco, LLC Subsidiary · Ohio, United States
- International Line Builders, Inc. Subsidiary · Delaware, United States
- Lone Mountain Excavation & Utilities, LLC Subsidiary · Nevada, United States
- Loy Clark Pipeline Co. Subsidiary · Oregon, United States
- OEG, Inc. Subsidiary · Oregon, United States
- PerLectric, Inc. Subsidiary · Virginia, United States
- Rocky Mountain Contractors, Inc. Subsidiary · Montana, United States
- USI Industrial Services, LLC Subsidiary · Delaware, United States
- Wagner-Smith Equipment Co. Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Everus Construction Group, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $343.4M6 Dec 31, 2025 | $291.7M6 Dec 31, 2024 | +17.7% |
| Accumulated depreciation | $174.9M6 Dec 31, 2025 | $157.3M6 Dec 31, 2024 | +11.2% |
| Property and equipment, net | $168.5M6 Dec 31, 2025 | $134.4M6 Dec 31, 2024 | +25.4% |
| Operating-lease assets (leased space) | $88.7M6 Dec 31, 2025 | $67.0M6 Dec 31, 2024 | +32.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Stakes in other companies (equity method) | $19.5M6 Dec 31, 2025 | $14.3M6 Dec 31, 2024 | +36.4% |
| Long-term investments | $27.1M6 Dec 31, 2025 | $21.3M6 Dec 31, 2024 | +27.2% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $143.2M6 Dec 31, 2025 | $143.2M6 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $116.0K6 Dec 31, 2024 | $2.0M7 Dec 31, 2023 | −94.2% |
| Accumulated amortization | $10.3M7 Dec 31, 2024 | $8.7M7 Dec 31, 2023 | +18.3% |
| Finite-lived intangibles, net | $116.0K7 Dec 31, 2024 |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $45.3M6 Dec 31, 2025 | $43.8M6 Dec 31, 2024 | +3.5% |
| Work in process | $3.2M6 Dec 31, 2025 | $06 Dec 31, 2024 | |
| Finished goods | $27.1M6 Dec 31, 2025 | $37.0M6 Dec 31, 2024 | −26.8% |
Properties, in its own words
We currently maintain our principal executive office at 1730 Burnt Boat Drive, Bismarck, North Dakota 58503 under a five-year operating lease that commenced at the beginning of August 2024. In addition to the principal office, we own 18 facilities in 10 states throughout the United States, 6 of which are used by our E&M segment, and 12 of which are used by our T&D segment. We also lease other immaterial properties in 13 states throughout the United States that are used by our E&M and T&D segments. These facilities are used for offices, equipment yards, prefabrication, manufacturing, warehousing, storage and vehicle shops. We believe our facilities are adequate for our current operating needs. We do not believe that any owned or leased facility is material to our operations and, if necessary, we could obtain replacement leased facilities.
In addition to our real property, we operate a fleet of owned and leased trucks and trailers, support vehicles and specialty construction equipment, such as bucket trucks, digger derricks, line pulling and tensioning equipment, and specialty extraction equipment.
Item 2 of the 10-K filed Feb 25, 2026.5
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 now10
- PresidentJeffrey S. Thiede Oct 17, 2024 to now11
- Chief financial officerMaximillian J. Marcy Nov 1, 2024 to now12
- Chief operating officerThomas D. Nosbusch Nov 1, 2024 to now13
Board members and other officers (18)
- VP of Human ResourcesBritney A. Hendricks Feb 20, 2025 to now14
- VP of TechnologyJason A. Behring Feb 20, 2025 to now15
- VP of Corp. Dev. & StrategyTimothy Ryan Sznewajs May 1, 2025 to now16
- Assistant SecretaryAdrienne L. Riehl Oct 17, 2024 to Oct 17, 202417
- TreasurerJason L. Vollmer Oct 17, 2024 to Oct 17, 202418
- VP & CAOJon B. Hunke Nov 1, 2024 to now19
- Board memberHelena Mercedes Hernandez Aug 13, 2025 to now20
- Board memberJason L. Vollmer Oct 17, 2024 to Oct 17, 202418
- Board memberJeffrey S. Thiede Oct 17, 2024 to now11
- Board memberNicole A. Kivisto Oct 17, 2024 to Oct 17, 202421
- Board memberPaul R. Sanderson Oct 17, 2024 to Feb 24, 202522
- Board memberDavid M. Sparby Oct 28, 2024 to now23
- Board memberBetty R. Johnson Nov 1, 2024 to now24
- Board memberClark A. Wood Nov 1, 2024 to now25
- Board memberDale Rosenthal Nov 1, 2024 to now26
- Board memberEdward A. Ryan Nov 1, 2024 to now27
- Board memberRocca Michael Della Nov 1, 2024 to now28
- General counselPaul R. Sanderson Oct 17, 2024 to now22
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Bombard Electric, LLC Nevada4
- Bombard Mechanical, LLC Nevada4
- Capital Electric Construction Company, Inc. Kansas4
- Capital Electric Line Builders, LLC Kansas4
- Desert Fire Holdings, Inc. Nevada4
- Desert Fire Protection, Inc. Nevada4
- Desert Fire Protection, LLC Nevada4
- Desert Fire Protection, a Nevada Limited Partnership Nevada4
- Duro Electric Company Colorado4
- E.S.I., Inc. Ohio4
- Everus BenefitCo, Inc. Delaware4
- Everus Construction, Inc. Delaware4
- Everus Industrial Services, LLC Delaware4
- Everus United Construction Solutions, LLC Delaware4
- Frebco, LLC Ohio4
- International Line Builders, Inc. Delaware4
- Lone Mountain Excavation & Utilities, LLC Nevada4
- Loy Clark Pipeline Co. Oregon4
- OEG, Inc. Oregon4
- PerLectric, Inc. Virginia4
- Rocky Mountain Contractors, Inc. Montana4
- USI Industrial Services, LLC Delaware4
- Wagner-Smith Equipment Co. Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Sep 8, 20268-K Entered a material agreement; New debt or obligation29
- Sep 2, 20268-K Regulation FD disclosure30
- Aug 4, 20268-K Results of operations; Regulation FD disclosure31
- Jul 31, 20268-K Regulation FD disclosure32
- May 14, 20268-K Shareholder vote33
- May 5, 20268-K Results of operations; Regulation FD disclosure34
- Apr 2, 20268-K Regulation FD disclosure35
- Mar 18, 20268-K Change of auditor36
- Feb 24, 20268-K Results of operations; Regulation FD disclosure37
- Jan 21, 20268-K Change of auditor38
- Nov 4, 20258-K Results of operations; Regulation FD disclosure39
- Aug 12, 20258-K Results of operations; Regulation FD disclosure40
- Feb 24, 2025New chief executive Jeffrey S. Thiede becomes CEO10
- Feb 28, 2024Founded Everus Construction Group, Inc. is founded2
Calendar
Coming up
- Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.11 a share, on Nov 4, 2025.41
When it reported results
- Aug 4, 2026Reported quarterly or annual results31
- May 5, 2026Reported quarterly or annual results34
- Feb 24, 2026Reported quarterly or annual results37
- Nov 4, 2025Reported quarterly or annual results39
- Aug 12, 2025Reported quarterly or annual results40
- May 13, 2025Reported quarterly or annual results42
- Feb 11, 2025Reported quarterly or annual results43
- Nov 6, 2024Reported quarterly or annual results44
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
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, 202645
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202646
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202647
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Dec 6, 2024 to Mar 26, 202648
- BARROW HANLEY MEWHINNEY & STRAUSS LLCSCHEDULE 13G, 4 filings May 14, 2025 to Feb 11, 202649
- BlackRockSC 13G, 1 filing Dec 6, 202450
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Jeffrey S. Thiede | 64 | $850.0K | $4.9M51 |
| 2025 | Thomas D. Nosbusch | $550.0K | $2.3M51 | |
| 2025 | Timothy R. Sznewajs1 | $281.2K | $1.8M51 | |
| 2025 | Maximillian J Marcy1 | $438.0K | $1.7M51 | |
| 2025 | Paul R. Sanderson | $435.0K | $1.5M51 | |
| 2024 | President and CEO | $620.8K | $2.8M51 | |
| 2024 | Executive VicePresident and COO | $424.2K | $1.3M51 | |
| 2024 | Vice PresidentCFO and Treasurer | $169.9K | $610.6K51 | |
| 2023 | President and CEO | $550.0K | $2.3M51 | |
| 2023 | Executive VicePresident and COO | $340.0K | $886.6K51 | |
| 2023 | Vice PresidentCLO and Corporate Secretary | $233.8K | $848.8K51 |
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.
SEC filer profile
How Everus Construction Group, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAREverus Construction Group, Inc.1
- CIK0002015845
- Employer ID (EIN)99-19522075
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 311
- Industry code (SIC)1531 Operative Builders1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address1730 Burnt Boat Drive, Bismarck, ND 585031
- Phone70122164001
- Shares outstanding51,063,836 as of Aug 3, 20269
- Public float$2.5B as of Jun 30, 20255
- AuditorDELOITTE & TOUCHE LLP, Minneapolis, Minnesota PCAOB ID 34; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceMar 22, 20241
- Filings144 in all: 4 (53), 8-K (22), 3 (19), SCHEDULE 13G (7), 10-Q (6), UPLOAD (4), CORRESP (3), DRS/A (3)1
All 26 form types
10-K (2), 11-K (2), ARS (2), DEF 14A (2), DEFA14A (2), DRSLTR (2), S-8 (2), SCHEDULE 13G/A (2), SD (2), 10-12B (1), 10-12B/A (1), 144 (1), 8-K/A (1), CERT (1), DRS (1), SC 13G (1), SC 13G/A (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Feb 25, 2026
Quarterly report (10-Q) Aug 5, 2026
Proxy statement (DEF 14A) Mar 27, 2026
Latest 8-K (8-K) Sep 8, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | ECG | New York Stock Exchange |
From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Everus Construction Group, Inc. names in Item 1A of its 10-K filed Feb 25, 2026: 55 risks under these headings, as written.5
- Operations, Growth and Competitive Risks
- We operate in a highly competitive industry.
- We are exposed to risk of loss resulting from the nonpayment and/or nonperformance by our customers and counterparties.
- We may fail to adequately recover on contract change orders or claims which could negatively affect our business.
- Operating results may vary significantly from period to period.
- We may be unsuccessful at generating internal growth, which could adversely affect operations.
- Our operations may be negatively affected if we are unable to retain our current customers and obtain new customer contracts.
- The loss of, or reduction in business from, one or more significant customers could have a material adverse effect on our business.
- We currently generate, and expect to continue to generate, a significant portion of our revenues from fixed-price contracts. Our dependence upon fixed-price contracts could adversely affect our business, financial position, results of operations, and cash flows.
- We currently generate, and expect to continue to generate, at least in the short-term, a significant portion of our revenues from data center and other similar high tech and advanced technology contracts. The loss of, or reduction in business from, these types of contracts could have a material adverse effect on our business.
- Supply chain disruptions may adversely affect our operations.
- Volatility in the prices or availability of certain materials and equipment used in our business and those of our customers, including as a result of inflation, geopolitical instability, and protectionist trade measures, could adversely affect our business, financial position, results of operations, and cash flows.
The other 44 risks
- We may incur liabilities or suffer negative financial or reputational impacts relating to health and safety matters.
- Our insurance has limits and exclusions that may not fully indemnify us against certain claims or losses, including claims resulting from wildfires or other natural disasters and an increase in cost, or the unavailability or cancellation of third-party insurance coverages would increase our overall risk exposure and subject us to increased liabilities that could negatively affect our business, financial condition, results of operations and cash flows.
- A material portion of our business depends on our ability to provide surety bonds.
- Our business may be exposed to warranty claims.
- We may pursue acquisitions and other strategic transactions that could have a negative effect on our results of operations.
- Our participation in joint ventures may have a negative impact on our reputation, business operations, revenues, results of operations, liquidity and cash flows.
- Technology disruptions or cyberattacks could adversely impact our operations.
- Artificial intelligence presents risks and challenges that can impact our business by posing security risks to our confidential information, proprietary information and personal data. Failure to appropriately manage these risks could damage our reputation, result in the loss of valuable property and information, and adversely impact our business.
- Our business is seasonal, which could adversely affect our operations, revenues and the timing of cash flows.
- Our operations could be adversely impacted by severe weather events as a result of climate change or otherwise.
- Pandemics, may have a negative impact on our business operations, revenues, results of operations, liquidity and cash flows.
- Economic, Financial and Accounting Risks
- Economic volatility affects our operations, as well as the demand for our products and services.
- Our business is based in part on government-funded infrastructure projects and building activities, and any associated regulatory changes or requirements in these areas could have an adverse effect on us.
- Our financial results and projections are based upon estimates and assumptions that may cause our actual results to materially differ from such projections, which may adversely affect our future results of operations, cash flows and stock price.
- We recognize revenue for the majority of construction projects based on estimates; therefore, variations of actual results from assumptions may reduce profitability.
- Our backlog may not accurately represent future revenue.
- Failure to maintain effective internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act could materially and adversely affect us.
- We are subject to capital market and interest rate risks.
- In connection with the Separation from MDU Resources, we incurred debt obligations that could adversely affect our business, our profitability and our ability to meet obligations.
- Our results of operations could be adversely affected as a result of goodwill and identifiable intangible asset impairments.
- Legal and Regulatory Risks
- We may be negatively impacted by pending and/or future litigation, claims or investigations.
- If we fail to comply with requirements imposed by applicable law or other governmental regulations, we could become subject to lawsuits, investigations and other liabilities and restrictions on our operations that could significantly and adversely affect our business, financial condition and results of operations.
- Changes in tax law may negatively affect our business.
- Our operations could be negatively impacted by import tariffs and/or other government mandates.
- Our operations are subject to environmental laws and regulations that may increase costs of operations, impact or limit business plans, or expose us to environmental liabilities.
- Human Capital and Labor Risks
- Our operations may be negatively affected if we are unable to obtain, develop and retain key personnel and skilled labor forces.
- Our unionized workforce may adversely affect operations.
- Increasing costs associated with health care plans and changes in employment laws or regulations may adversely affect our results of operations.
- Costs related to obligations under multiemployer pension plans could have a material negative effect on our results of operations and cash flows.
- Common Stock Risks
- The trading market of our common stock has existed only for a limited period of time following the Separation and Distribution, and our stock price and trading volume may fluctuate significantly.
- If securities or industry analysts do not publish research or publish misleading or unfavorable research about our business, our stock price and trading volume could decline.
- Your percentage of ownership in us may be diluted in the future.
- Provisions in our certificate of incorporation and bylaws and Delaware law may prevent or delay an acquisition of us, which could decrease the trading price of our common stock.
- Our certificate of incorporation and bylaws designate the state courts of the State of Delaware, or, if no state court located in the State of Delaware has jurisdiction, the federal court for the District of Delaware, as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could discourage lawsuits against us and our directors and officers.
- We cannot guarantee the timing, declaration, amount or payment of dividends, if any, on our common stock.
- Separation and Distribution Risks
- We have limited history of operating as an independent, public company and our historical financial information prior to the Separation is not necessarily representative of the results that we would have achieved as a separate, publicly traded company and may not be a reliable indicator of our future results.
- If the Distribution, together with certain related transactions, does not qualify as a transaction that is generally tax-free for U.S. federal income tax purposes, our stockholders could be subject to significant tax liabilities and, in certain circumstances, we could be required to indemnify MDU Resources for material taxes and other related amounts pursuant to indemnification obligations under the tax matters agreement.
- U.S. federal income tax consequences may restrict our ability to engage in certain desirable strategic or capital-raising transactions after the Separation.
- As an independent, publicly traded company, we may not enjoy the same benefits that we did as a segment of MDU Resources.
- We may not achieve some or all of the expected benefits of the Separation, and the Separation may materially and adversely affect our financial position, results of operations and cash flows.
- We or MDU Resources may fail to perform under various transaction agreements that were executed as part of the Separation or we may fail to have necessary systems and services in place when certain of the transaction agreements expire.
- Our inability to resolve favorably any disputes that arise between us and MDU Resources with respect to our past and ongoing relationships may adversely affect our operating results.
- In connection with the Separation from MDU Resources, MDU Resources agreed to indemnify us for certain liabilities and we agreed to indemnify MDU Resources for certain liabilities. If we are required to pay MDU Resources under these indemnities, our financial results could be negatively impacted. The MDU Resources indemnity may not be sufficient to hold us harmless from the full amount of liabilities for which MDU Resources will be allocated responsibility, and MDU Resources may not be able to satisfy its indemnification obligations in the future.
- Certain members of management and directors hold our stock and stock in MDU Resources and may face actual or potential conflicts of interest.
Legal proceedings
For a discussion of material legal proceedings, refer to Note 14 – Commitments, Contingencies and Guarantees to the Company’s consolidated financial statements included in Part II, Item 8 of this 2025 Annual Report, which is incorporated herein by reference.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 11SEC EDGARJeffrey S. Thiede, President
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- 15SEC EDGARJason A. Behring, VP of Technology
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- 18SEC EDGARJason L. Vollmer, Treasurer
- 19SEC EDGARJon B. Hunke, VP & CAO
- 20
- 21SEC EDGARNicole A. Kivisto, Board member
- 22SEC EDGARPaul R. Sanderson, Board member
- 23SEC EDGARDavid M. Sparby, Board member
- 24SEC EDGARBetty R. Johnson, Board member
- 25SEC EDGARClark A. Wood, Board member
- 26SEC EDGARDale Rosenthal, Board member
- 27SEC EDGAREdward A. Ryan, Board member
- 28SEC EDGARRocca Michael Della, Board member
- 29
- 30SEC EDGARRegulation FD disclosure
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- 32SEC EDGARRegulation FD disclosure
- 33SEC EDGARShareholder vote
- 34
- 35SEC EDGARRegulation FD disclosure
- 36SEC EDGARChange of auditor
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- 38SEC EDGARChange of auditor
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- 41NasdaqNasdaq calendar
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