Everus Construction Reports Record Q4 & Full-Year 2025 Results, Initiates Strong 2026 Guidance

summarizeSummary

Everus Construction Group announced record fourth quarter and full-year 2025 financial results, including significant revenue and EPS growth, alongside strong 2026 guidance and improved balance sheet metrics.

check_boxKey Events

• Record Q4 and Full-Year 2025 Performance

  The company reported record Q4 revenues of $1.01 billion (up 33.1%), net income of $55.3 million (up 60.8%), and diluted EPS of $1.08 (up 61.2%). Full-year 2025 also saw record revenues of $3.75 billion (up 31.5%), net income of $201.8 million (up 40.7%), and diluted EPS of $3.95 (up 40.6%).

• Strong Backlog and Improved Financial Health

  Backlog reached a record $3.23 billion as of December 31, 2025, an increase of 16.1% year-over-year. Net leverage significantly improved to 0.4x from 1.0x, with $375.5 million in cash and available liquidity.

• Positive 2026 Guidance Initiated

  Everus expects 2026 revenues to be in the range of $4.1 billion to $4.2 billion and EBITDA to be between $320 million and $335 million, indicating continued growth.

• Growth Across Segments

  Both Electrical & Mechanical (E&M) and Transmission & Distribution (T&D) segments contributed to growth, with E&M revenues up 44.0% in Q4, driven by data center and renewables markets.

auto_awesomeAnalysis

Everus Construction Group delivered exceptional financial performance for both the fourth quarter and full-year 2025, achieving record revenues, net income, and diluted EPS. The company demonstrated robust growth across its Electrical & Mechanical (E&M) and Transmission & Distribution (T&D) segments, driven by strong demand in key end markets like data centers and utilities. A significant improvement in financial health is evident with net leverage decreasing from 1.0x to 0.4x. The initiation of positive revenue and EBITDA guidance for 2026, coupled with a record backlog, provides strong visibility and confidence in continued operational momentum. This report reinforces a positive investment thesis, especially as the stock is trading near its 52-week high.