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SOLV Energy, Inc. (MWH)
NASDAQ: MWH · Real-Time Price · USD
28.68
-0.35 (-1.21%)
Aug 10, 2026, 4:00 PM EDT - Market closed

SOLV Energy Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023
Period EndingDec '25 Dec '25 Dec '24 Dec '23
Revenue
2,4902,4901,8482,101
Revenue Growth
-34.78%-12.04%-
Gross Profit
464.23464.23259.16110
Operating Income
195.44195.4464.93-52.89
Net Income
149.18149.189.92-109.84
Earnings Per Share
1491830.001491830.00--
EPS Growth
----

Revenue by Segment
Chart
Fiscal YearFY 2025FY 2024FY 2023FY 2022
Period EndingDec '25 Dec '24 Dec '23 Dec '22
Solar PV / Solar PV + Battery Storage
2,1051,6481,9162,259
Standalone Battery Storage
96.018118.246.6
Transmission and Distribution (T&D)
149.47456.28-
Existing Infrastructure
113.2273.1758.9850.5
Other Segment
26.80.77101.243.4
Revenue (Total)
2,4901,8482,101-

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024
Period EndingMar '26 Dec '25 Dec '24
Cash & Investments
384.91394.88207.99
Total Debt
80.52471.87422.43
Net Cash (Debt)
304.39-76.99-214.44
Net Cash Growth
---
Net Cash Per Share
2.64-769900.00-

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023
Period EndingDec '25 Dec '25 Dec '24 Dec '23
Operating Cash Flow
331.65331.65117.6150.29
Capital Expenditures
-21.41-21.41-8.57-14.4
Free Cash Flow
310.23310.23109.0435.89
Free Cash Flow Growth
-184.50%203.84%-

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023
Period EndingDec '25 Dec '25 Dec '24 Dec '23
Gross Margin
18.64%18.64%14.03%5.24%
Operating Margin
7.85%7.85%3.51%-2.52%
Pretax Margin
6.16%6.16%0.57%-5.22%
Profit Margin
6.01%6.01%0.54%-5.23%
FCF Margin
12.46%12.46%5.90%1.71%