Everus Construction Group (ECG) Q3 FY2026 earnings: revenue $1.4 billion, up 40.3% on the year

Everus Construction Group, Inc. (ECG) reported revenue of $1.4 billion for Q3 FY2026, the quarter ended 30 September 2026, up 40.3% on the same quarter a year earlier. Net income was $92 million, up 61.3% on the year, and diluted earnings per share $1.79. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.

Revenue

$1.4 billion

+40.3% on the year · +12.4% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

8.8%

7.3% a year earlier

Q4 FY2024Q3 FY2026

Net income

$92 million

+61.3% on the year · +9.6% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$1.79

+61.3% on the year · +9.1% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised, 1 kept.

Revenue rose 40% in the quarter: Quarterly revenue reached $1.38 billion against $986.8 million a year earlier. The release marks this figure as a quarterly record.
Net income and diluted EPS rose: Net income was $91.9 million, a quarterly record, and diluted EPS was $1.79. Gross profit growth was partly offset by higher SG&A, income taxes and lower other income.
E&M revenue grew 48%: E&M segment net income rose 73.3% to $88.2 million, and segment EBITDA rose 79.1% to $119.8 million, on revenue growth and gross margin improvement.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	1,384	1,232	987	+12.4%	+40.3%
Cost of revenue	1,179	1,049	863	+12.5%	+36.7%
Gross profit	205	183	124	+12.1%	+65.0%
Gross margin	14.8%	14.9%	12.6%
Selling, general and administrative	80.7	71.2	51.8	+13.4%	+55.7%
Operating income	122	112	72.4	+9.5%	+69.1%
Operating margin	8.8%	9.1%	7.3%
Interest expense	6.1	4.6	5.4	+32.6%	+12.7%
Pre-tax income	119	110	72.1	+7.9%	+64.7%
Income tax	29.4	29.4	20.6	-0.0%	+42.6%
Effective tax rate	24.8%	26.7%	28.6%
Net income	91.9	83.9	57.0	+9.6%	+61.3%
Net margin	6.6%	6.8%	5.8%
Diluted EPS	$1.79	$1.64	$1.11	+9.1%	+61.3%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	70.5	53.1	76.2	+32.7%	-7.5%
Capital expenditure	17.8	20.1	10.5	-11.4%	+69.9%
Free cash flow	52.7	33.0	65.7	+59.5%	-19.8%
Free cash flow margin	3.8%	2.7%	6.7%
Cash from investing	-249	-166	-8.0
Cash from financing	268	-4.0	-3.8
Depreciation and amortisation	15.0	12.0	7.3	+24.8%	+105.7%
Share-based compensation	2.4	3.3	1.9	-26.0%	+26.6%
Diluted shares, weighted	51m	51m	51m	+0.0%	+0.2%
Shares outstanding at period end	51m	51m	51m	+0.0%	+0.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	864	773	573	+11.8%	+50.9%
Debt	566	274	285	+106.3%	+98.7%
Operating lease liabilities	101	54.9	53.6	+83.8%	+88.3%
Other liabilities	1,175	955	712	+23.0%	+65.0%
Total liabilities and equity	2,706	2,058	1,624	+31.5%	+66.7%
Fixed assets	200	187	152	+7.0%	+31.6%
Goodwill	373	212	143	+75.5%	+160.1%
Intangible assets	208	70.3	0.0	+195.6%
Investments	23.0	20.4	25.7	+12.9%	-10.5%
Cash and equivalents	264	177	149	+49.5%	+77.1%
Receivables	1,071	919	744	+16.5%	+44.0%
Inventory	64.6	55.6	48.0	+16.1%	+34.7%
Other assets	503	416	362	+20.8%	+39.0%
Total assets	2,706	2,058	1,624	+31.5%	+66.7%

Questions

What was Everus Construction Group's revenue in Q3 FY2026?

Everus Construction Group (ECG) reported revenue of $1.4 billion for Q3 FY2026, the quarter ended 30 September 2026, up 40.3% on the same quarter a year earlier.

How much did Everus Construction Group earn in Q3 FY2026?

Net income for Q3 FY2026 was $92 million, up 61.3% on the year, and diluted earnings per share $1.79.

When did Everus Construction Group report Q3 FY2026 results?

Everus Construction Group filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	717	626	703	761	760	827	921	987	1,011	1,037	1,232	1,384
Cost of revenue	632	551	615	671	673	734	802	863	894	906	1,049	1,179
Gross profit	84.9	74.7	88.6	89.9	86.3	92.5	120	124	118	131	183	205
Gross margin	12%	12%	13%	12%	11%	11%	13%	13%	12%	13%	15%	15%
SG&A	34.8	35.8	37.3	36.2	40.3	41.5	47.4	51.8	48.6	53.0	71.2	80.7
Operating income	50.1	38.9	51.3	53.7	46.0	51.0	72.5	72.4	68.9	77.7	112	122
Operating margin	7%	6%	7%	7%	6%	6%	8%	7%	7%	7%	9%	9%
Interest expense	4.6	2.7	3.2	2.9	5.2	4.7	4.8	5.4	6.5	4.6	4.6	6.1
Pre-tax income	46.7	37.1	49.8	51.9	42.0	46.9	69.6	72.1	69.3	75.9	110	119
Tax rate	24%	27%	27%	27%	28%	29%	28%	29%	27%	27%	27%	25%
Net income	36.0	28.2	39.0	41.8	34.5	36.7	52.8	57.0	55.3	58.3	83.9	91.9
Net margin	5%	5%	6%	5%	5%	4%	6%	6%	5%	6%	7%	7%
Diluted EPS	$0.71	$0.55	$0.76	$0.82	$0.67	$0.72	$1.03	$1.11	$1.08	$1.14	$1.64	$1.79
Operating cash flow	n/a	21.9	-18.1	78.9	80.7	7.1	25.3	76.2	48.2	144	53.1	70.5
Capital expenditure	n/a	9.2	7.3	18.0	13.8	18.5	13.1	10.5	24.7	15.5	20.1	17.8
Free cash flow	n/a	12.6	-25.4	60.9	66.9	-11.4	12.3	65.7	23.5	128	33.0	52.7
Shares outstanding	51m	51m	51m	n/a	51m	51m	51m	51m	51m	51m	51m	51m
Filing	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 6 November 2026: the filing.