Edge Thirteen Industry Primers
One-time research reports on the industries behind the picks
Generic industry reports run $2,850 a copy (IBISWorld) or a $199–649/mo subscription (Statista) -- built for analysts who need a citation, not conviction. These primers use the same SEC-filing pull-and-verify approach as the Edge Thirteen newsletter, applied to one investable theme at a time. $79 one-time, no subscription.
September 2026
The Grid & Electrical Buildout Supply Chain
The contractors and builders behind the grid and electrical infrastructure that AI data centers need before a single server can be powered on: Quanta Services (PWR), EMCOR Group (EME), MasTec (MTZ), and MYR Group (MYRG). Real FY2023–FY2025 revenue, gross margin, operating margin, and net margin for each, pulled from their own 10-Ks, plus the analytical read on industry structure, competitive positioning, and what to watch.
One-time payment, instant access. No account, no subscription, no sales call.
What's in the report
- Industry structure: why the AI buildout runs through grid interconnection and electrical contracting, not just chips and cooling
- Per-company financials: FY2023–FY2025 revenue, YoY growth, gross/operating/net margin, sourced to the filing
- Competitive positioning of each of the four companies within the supply chain
- What to watch: interconnection queues, backlog trends, project lumpiness, labor availability
Preview — real FY2025 figures from the report
Pulled from each company's FY2025 10-K via SEC EDGAR's XBRL company-facts API. The full report includes FY2023–FY2024 comparatives, sourcing detail (exact XBRL tag and filing accession number per figure), and the written analysis -- this table alone is not the product.
| Company | FY2025 revenue | YoY growth | Gross margin | Net margin |
|---|---|---|---|---|
| PWR | $28,479.7M | 20.3% | 15.0% | 3.6% |
| EME | $16,986.4M | 16.6% | 19.3% | 7.5% |
| MTZ | $14,299.2M | 16.2% | n/a | 2.8% |
| MYRG | $3,657.9M | 8.8% | 11.6% | 3.2% |
MasTec doesn't tag gross or operating margin as a standalone annual XBRL fact, so those cells show n/a rather than an estimate -- see the full report for why that's still a useful company to include.
Frequently asked
Where do the numbers come from?
Every dollar figure in the report is pulled directly from SEC EDGAR's public XBRL company-facts API for each company's own filed 10-K -- the same government data source, and the same pull-and-verify approach, that powers Edge Thirteen's weekly value-investing newsletter. No modeled or estimated numbers; where a figure isn't cleanly disclosed or tagged (e.g. MasTec's gross/operating margin), the report says so instead of guessing.
Is this the same team that writes the Edge Thirteen newsletter?
Yes. This report repackages the same SEC-data pipeline and analytical voice as the weekly newsletter, applied to a single industry instead of a single stock pick.
How is this different from the Power & Cooling primer?
The Power & Cooling primer (Vertiv, nVent, Eaton, Comfort Systems) covers the equipment and mechanical/electrical install inside and around the data center building. This primer covers the electrical contractors and grid-infrastructure builders one layer upstream -- the companies that build and upgrade the transmission lines, substations, and utility interconnections a data center needs before power ever reaches the building.
Is this investment advice?
No. It's educational, general-circulation research on publicly traded companies -- not personalized investment advice, and not a recommendation to buy or sell anything. See the full disclaimer in the report.
Is this a subscription?
No -- $79 once, no recurring charge.
What do I get after buying?
Instant access to the full report as a formatted page: industry structure and thesis, per-company financials with sourced figures and margin/growth trends, competitive positioning, and what to watch going forward.