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SOLV Energy, Inc. (MWH)
NASDAQ: MWH · Real-Time Price · USD
26.29
-1.85 (-6.57%)
At close: Aug 28, 2026, 4:00 PM EDT
26.56
+0.27 (1.03%)
After-hours: Aug 28, 2026, 7:52 PM EDT

SOLV Energy Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22
Revenue
3,1752,4901,8482,1152,329
Revenue Growth
71.81%34.78%-12.65%-9.16%-
Gross Profit
555.99464.23259.16113.71101.99
Operating Income
216.74213.2464.93-50.32-81.27
Net Income
119.25149.189.92-107.27-120.73
Earnings Per Share
0.961.29---
EPS Growth
-----

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022
Period EndingJun '26 Dec '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)
3,1752,4901,8482,101-

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22
Cash & Investments
363.97394.88207.99178.02-
Total Debt
83.62471.87422.43436.22-
Net Cash (Debt)
280.35-76.99-214.44-258.21-
Net Cash Growth
-----
Net Cash Per Share
2.27-0.67---

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22
Operating Cash Flow
326.85331.65117.6150.2983.93
Capital Expenditures
-32.06-21.41-8.57-14.4-27.26
Free Cash Flow
294.79310.23109.0435.8956.67
Free Cash Flow Growth
170.34%184.50%203.84%-36.68%-

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22
Gross Margin
17.51%18.64%14.03%5.38%4.38%
Operating Margin
6.83%8.56%3.51%-2.38%-3.49%
Pretax Margin
4.96%6.16%0.57%-5.06%-5.18%
Profit Margin
3.76%5.99%0.54%-5.07%-5.18%
FCF Margin
9.29%12.46%5.90%1.70%2.43%