ECG Everus Construction Group, Inc.

Overview and Growth

Fiscal 2025 results for Everus Construction Group, Inc. combined $3.75B of revenue with net income of $201.77M and an operating cash inflow of $156.84M. Revenue of $3.75B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $2.85B in fiscal 2024, revenue recorded a 31.5% year-over-year increase. Diluted earnings per share were $3.95, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $2.81 in fiscal 2024, the current result was 40.6% higher. The revenue-to-assets relationship was 2.17x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $454.09M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 12.1% of revenue, showing how much of the top line remained after direct costs. Operations produced $264.75M of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 7.1% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $201.77M for the fiscal year. Measured against reported revenue, net income produced a 5.4% margin after operating costs and the remaining recognized items. The company recognized $72.31M of income tax for the period, completing the transition from pretax income to net income. Return on period-end equity was 32.0%, relating annual net income to the equity capital on the balance sheet. Net income represented 11.7% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

The company held $1.73B of assets against $1.10B of liabilities and $629.82M of equity, revealing how the asset base was financed. At period end, current assets of $1.30B compared with current liabilities of $736.19M, defining the company’s short-term resource position. The current ratio was 1.76x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $170.50M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 23.2% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $281.55M of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 0.45x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 16.3%, comparing borrowing with the total asset balance. Liabilities represented 63.6% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 9.9%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 34.2% from $1.29B in fiscal 2024, leaving current total assets higher year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $156.84M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The operating-cash-flow-to-net-income relationship was 0.78x, comparing cash generated by operations with the bottom-line earnings result. Capital expenditures used $66.84M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 42.6%, connecting investment intensity with the company’s cash-generation base. Free cash flow came to $90.01M, leaving a positive amount after capital expenditures. The free-cash-flow margin was 2.4%, measuring cash remaining after capital spending against revenue. Measured against total assets, free cash flow represented 5.2%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.