MYRG // MYR Group Inc.

DES <GO> NASDAQ RQD COCKPIT → CIK 0000700923 ↗

Industrials • Water Sewer Pipeline Comm & Power Line Construction

$278.24 ▼ -4.38 (-1.55%)

MKT CAP: $4.40B • VOL: 285.9K

52W L $199 52W H $504

ALTMAN Z

5.87 SAFE

PIOTROSKI

8 / 9

MYRG // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE

PRIOR: RQD 68/100 [C+] (-1 PT) • UNCHANGED AS OF 2026-11-03

ROARABLE C+

RQD CONFIDENCE

67 / 100 -1D

5 X 20-PT QUANT PILLARS

E 0 D 35 C 59 B 70 A 86+

Roarable Hold — Upper Neutral / Watch for Breakout

01 MASSIVE / SEC XBRL

Forensic Fundamentals

18 / 20

STRONG

FCF +200% vs NI +200% • ROIC-WACC +13.7% • Z 5.87

02 INSTITUTIONAL TAPE & TREND

Whale & Options Flow

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

03 SEC XBRL CAPITAL ALLOCATION

Insider & Capital Conviction

16 / 20

STRONG

FCF YIELD +5.3% • P/E 34.6x • F-SCORE 8/9

04 FRED 90D r-MATRIX

Macro Regime Fit

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

05 10-K REDLINE AUDIT

Forensic 10-K Risk

18 / 20

STRONG

20 BASE - 2 DEDUCT • 0 CRIT / 0 MED • STABLE

ALERT

Why did MYRG's Whale & Options Flow & Macro Regime Fit sub-score just flash a warning? Enter your email to unlock the full 5-Pillar Rating Breakdown + get instant alerts whenever MYRG is Upgraded or Downgraded.

SIG <GO> CROSS-FEED TRIANGULATION // PROPRIETARY ANOMALY ENGINE (1 ACTIVE ON MYRG)

STAGE 2 DETERMINISTIC Z-SCORE + STAGE 3 GEEK DESK BRIEF ALL MARKET ANOMALIES <SIG>

▼ BEARISH // MACRO TAILWIND SCORE (28/100)SIFTER 05 // TRUE NET LIQUIDITY BETA

SEVERITY: 84/100 Z-SCORE: +2.47σ

MYRG Exhibits 2.28x True Net Liquidity Elasticity as Fed-TGA-RRP Prints $5,746B

TRUE NET LIQUIDITY

$5,746B (-0.64% 4W)

NET LIQUIDITY ELASTICITY

2.28x BETA (r=+0.29)

MACRO TAILWIND SCORE

28 / 100

[GEEK DESK FORENSIC NOTE // FRED WALCL - TGA - RRP × 5Y BETA]

FRED Fed Assets (WALCL)US Treasury TGA (WTREGEN) + ON RRPICE BofA High-Yield OAS + 5Y Equity Beta

Wall Street's True Net Liquidity Index (WALCL minus Treasury General Account WTREGEN minus Overnight RRP) stands at $5,745.73B (-0.64% 4-week RoC; High-Yield OAS +34 bps). Rolling 5-year regression assigns MYR Group Inc. (MYRG) a 2.28x Net Liquidity beta (r = +0.29), placing it in the top decile of liquidity-sensitive equities. Current plumbing translates to a deterministic Macro Tailwind Score of 28/100.

MYRG // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -39.02%⚡ TESTING RESISTANCE

2026-11-03O $283.0H $283.0L $278.2C $278.2VOL 344.1K

RES: $282.6SUP: $216.9SMA50: $288.2SMA200: $336.1

MYRG // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE

NEUTRAL / PAIR TRADE CONVICTION: 59/100

BEAR 0

100 BULL

MYR Group Inc. (MYRG) exhibits 11.6% gross margins and 23.3% return on invested capital within Industrials (Water Sewer Pipeline Comm & Power Line Construction), balanced against a 17.4x enterprise multiple and 4.8% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)

01. Operating Leverage & Capital Efficiency Moat

Sustained 11.6% gross profitability converts into 4.6% operating margin and 23.3% ROIC, outpacing sector cost of capital.

ROIC: 23.3% // GM: 11.6%

02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of +8.8% paired with 5.27% free cash flow yield supports self-funded R&D and capital return.

REV YOY: +8.8% // FCF YLD: 5.27%

03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 5.87 and Piotroski F-Score of 8/9 indicate low near-term refinancing stress.

ALTMAN Z: 5.87 // F-SCORE: 8/9

▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)

01. Multiple Compression & Duration Sensitivity

Trading at 37.2x trailing P/E (34.6x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 37.2x // EV/EBITDA: 17.4x

02. Options Skew & Event Volatility Risk

Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $278.24 max pain.

IMPL MOVE: ±5.2% // P/C: 0.85

03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Water Sewer Pipeline Comm & Power Line Construction require continuous execution to defend 3.2% net margins.

NET MARGIN: 3.2% // D/E: 0.08x

KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 34.6x forward consensus, and institutional 13F positioning.

MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 1.01).

FORM 4 & 13F FLOW OPEN OWN <GO>

FILER	SIDE	$ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>

UNUSUAL OPTIONS TAPE OPEN OPT <GO>

STRIKE / EXP	TYPE	PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>

KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>

TRAILING P/E 37.2x

FORWARD P/E 34.6x

EV / EBITDA 17.4x

FCF YIELD 5.27%

GROSS MARGIN 11.6%

OPERATING MARGIN 4.6%

NET MARGIN 3.2%

ROIC % 23.3%

REV GROWTH YOY +8.8%

DILUTED EPS TTM $7.61

DEBT / EQUITY 0.08x

DIVIDEND YIELD 0.00%

RSI-14 MOMENTUM 48.3

5Y EQUITY BETA 1.01

FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>

MACRO CORRELATION CALIBRATION ACTIVE BELOW.

FRED MACRO REGIME STRESS-TEST SIMULATOR // MYRGPEARSON R VARIANCE ENGINE

01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO

02 // POSITION NOTIONAL EXPOSURE

HEADLINE STRESS SCORE

75/100SEVERE DRAWDOWN PRESSURE

PRIMARY FACTOR EXPOSURE

DFII10 // -0.61 r

Latest: 2.08%

EST. DIRECTIONAL MOVE

-8.50%

Implied Px: $254.60

EST. DOLLAR VARIANCE

-$4,248

On $50,000 Notional

[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for MYRG & activate live FRED threshold breach alerts.

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