SOLV Energy, Inc. (MWH)

SOLV Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	2,161	1,871	2,115	2,329
Revenue Growth (YoY)	-	-11.56%	-9.16%	-
Cost of Revenue	1,753	1,606	2,002	2,227
Gross Profit	407.87	265.17	113.71	101.99
Selling, General & Admin	158.64	134.23	96.98	104.25
Amortization of Goodwill & Intangibles	58.78	66.35	67.05	79
Operating Expenses	217.43	200.57	164.03	183.25
Operating Income	190.44	64.6	-50.32	-81.27
Interest Expense	-54.07	-55.29	-59.7	-39.66
Interest & Investment Income	8.55	4.6	1.63	0.2
Other Non Operating Income (Expenses)	1	0.9	1.32	-
EBT Excluding Unusual Items	145.93	14.8	-107.07	-120.72
Gain (Loss) on Sale of Assets	0.15	-0.22	-	-
Other Unusual Items	-20.2	-4.4	-	-
Pretax Income	125.13	10.19	-107.07	-120.72
Income Tax Expense	1.44	0.6	0.2	0.01
Earnings From Continuing Operations	123.69	9.59	-107.27	-120.73
Minority Interest in Earnings	-0.59	-0	-0	-0
Net Income	123.1	9.59	-107.27	-120.73
Net Income to Common	123.1	9.59	-107.27	-120.73
Free Cash Flow	255.32	109.04	35.89	56.67
Gross Margin	18.88%	14.17%	5.38%	4.38%
Operating Margin	8.81%	3.45%	-2.38%	-3.49%
Profit Margin	5.70%	0.51%	-5.07%	-5.18%
Free Cash Flow Margin	11.82%	5.83%	1.70%	2.43%
EBITDA	274.03	148.97	30.96	6.56
EBITDA Margin	12.68%	7.96%	1.46%	0.28%
D&A For EBITDA	83.59	84.37	81.28	87.82
EBIT	190.44	64.6	-50.32	-81.27
EBIT Margin	8.81%	3.45%	-2.38%	-3.49%
Effective Tax Rate	1.15%	5.87%	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q