MYR Group Inc. (MYRG) Tax Rate: 26.58%
Is MYR Group Inc.’s tax rate high or low?
MYR Group Inc.'s tax rate of 26.58% is in line with its 5-year average of 28.40%, near the low end of its 5-year range (26.58%–34.91%).
13.55% below its 12-month average of 30.74%.
MYRG Tax Rate Chart
MYRG Average Tax Rate Chart
MYRG Current vs Average Tax Rate Chart
MYRG Tax Rate Metrics
TAX RATE
26.58%
TAX RATE AVG TTM
30.74%
TAX RATE AVG 3Y
28.92%
TAX RATE AVG 5Y
28.40%
TAX RATE AVG 10Y
29.33%
TAX RATE AVG 15Y
31.69%
TAX RATE AVG 20Y
32.33%
CURRENT VS TTM AVG
-13.55%
CURRENT VS 3Y AVG
-8.10%
CURRENT VS 5Y AVG
-6.41%
CURRENT VS 10Y AVG
-9.36%
CURRENT VS 15Y AVG
-16.12%
CURRENT VS 20Y AVG
-17.79%
MYR Group Inc. Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
MYR Group Inc. Tax Rate FAQ
- What is the tax rate for MYR Group Inc. (MYRG)?
- The tax rate for MYRG stock is 26.58%.
- Is MYR Group Inc.'s tax rate high or low?
- MYR Group Inc.'s tax rate of 26.58% is in line with its 5-year average of 28.40%, near the low end of its 5-year range (26.58%–34.91%).
- What is the TTM average tax rate for MYR Group Inc. (MYRG)?
- The TTM average tax rate for MYRG stock is 30.74%.
- What is the 3Y average tax rate for MYR Group Inc. (MYRG)?
- The 3Y average tax rate for MYRG stock is 28.92%.
- What is the 5Y average tax rate for MYR Group Inc. (MYRG)?
- The 5Y average tax rate for MYRG stock is 28.40%.
- What is the 10Y average tax rate for MYR Group Inc. (MYRG)?
- The 10Y average tax rate for MYRG stock is 29.33%.
- What is the 15Y average tax rate for MYR Group Inc. (MYRG)?
- The 15Y average tax rate for MYRG stock is 31.69%.
- What is the 20Y average tax rate for MYR Group Inc. (MYRG)?
- The 20Y average tax rate for MYRG stock is 32.33%.
MYR Group Inc. Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-12-31 | 26.58% |
| 2024-12-31 | 34.91% |
| 2023-12-31 | 27.21% |
| 2022-12-31 | 26.99% |
| 2021-12-31 | 26.91% |
| 2020-12-31 | 27.80% |
| 2019-12-31 | 28.21% |
| 2018-12-31 | 27.34% |
| 2017-12-31 | 14.15% |
| 2016-12-31 | 44.11% |
| 2015-12-31 | 38.37% |
| 2014-12-31 | 36.94% |
| 2013-12-31 | 36.65% |
| 2012-12-31 | 37.35% |
| 2011-12-31 | 37.03% |
| 2010-12-31 | 36.44% |
| 2009-12-31 | 35.40% |
| 2008-12-31 | 39.60% |
| 2007-12-31 | 1.96% |
| 1999-12-31 | 40.00% |
| 1998-12-31 | 38.76% |
| 1997-12-31 | 40.00% |
| 1996-12-31 | 37.50% |
| 1995-12-31 | 40.35% |
| 1994-12-31 | 39.47% |
| 1993-12-31 | 27.27% |
| 1992-12-31 | 37.93% |
| 1991-12-31 | 10.20% |
| 1990-12-31 | 2.78% |
| 1989-12-31 | 5.88% |
Related Metrics
About MYR Group Inc.
Operating across the United States and Canada, MYR Group Inc. is a leading provider of electrical construction services, delivered through its two core divisions: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution division specializes in comprehensive services for electrical transmission and distribution grids, as well as substation infrastructure. These offerings span design, engineering, procurement, construction, enhancements, upkeep, and repairs, primarily targeting clients within the electric utility sector. Key activities include building and maintaining high-voltage transmission lines, substations, and both underground and overhead lower-voltage distribution systems. The segment also handles renewable power installations, some gas construction projects, and critical emergency restoration following natural disasters like hurricanes or ice storms. As a prime contractor, MYR serves a diverse client base, including investor-owned utilities, cooperatives, private developers, government-funded entities, independent power producers, transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial division delivers a variety of services, encompassing the design, installation, maintenance, and repair of electrical wiring for commercial and industrial settings. This also extends to installing traffic control networks and lighting systems for bridges, roadways, and tunnels. Their expertise is applied across a wide array of venues, such as airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy sites, manufacturing and processing plants, wastewater treatment facilities, mining operations, and transportation management systems. Clients for this segment include general contractors, commercial and industrial property owners, government agencies, and developers. Established in 1891, MYR Group Inc. maintains its corporate headquarters in Henderson, Colorado.
- Sector
- Industrials
- Industry
- Engineering & Construction
- CEO
- Richard S. Swartz Jr.