SOLV Energy, Inc. (MWH)

SOLV Energy Income Statement

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

Year Ending	TTM	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	2,138	1,848	2,101	2,318
Revenue Growth (YoY)	-	-12.04%	-9.39%	-
Cost of Revenue	-	1,589	1,991	2,220
Gross Profit	401.86	259.16	110	97.92
Selling, General & Admin	-	127.89	95.84	101.21
Other Operating Expenses	0	66.35	67.05	79
Operating Expenses	-	194.23	162.88	180.21
Operating Income	174.97	64.93	-52.89	-82.29
Interest Expense (Income)	45.62	50.79	58.07	39.46
Other Expense (Income)	3.89	3.62	-1.32	-
Pretax Income	124.87	10.52	-109.64	-121.75
Income Tax	1.44	0.6	0.2	0.01
Net Income	124.02	9.92	-109.84	-121.76
Net Income Common	123.43	9.92	-109.84	-121.76
Free Cash Flow	255.32	109.04	35.89	56.67
Gross Margin	18.80%	14.03%	5.24%	4.22%
Operating Margin	8.19%	3.51%	-2.52%	-3.55%
Profit Margin	5.77%	0.54%	-5.23%	-5.25%
Free Cash Flow Margin	11.94%	5.90%	1.71%	2.44%
Effective Tax Rate	1.16%	5.68%	-	-
EBITDA	258.87	150.48	33.05	8.94
EBITDA Margin	12.11%	8.14%	1.57%	0.39%
Depreciation & Amortization	87.79	89.17	84.62	91.24
EBIT	171.08	61.32	-51.57	-82.29
EBIT Margin	8.00%	3.32%	-2.46%	-3.55%

Source: IPO financials are sourced from S-1 and S-1/A filings submitted to the Securities and Exchange Commission (SEC).