SOLV Energy, Inc. (MWH)
NASDAQ: MWH · Real-Time Price · USD
24.07
-0.20 (-0.82%)
Oct 30, 2026, 10:42 AM EDT - Market open
SOLV Energy Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 |
Net Income | 119.25 | 149.18 | 9.92 | -107.27 | -120.73 |
Depreciation & Amortization | 95.78 | 85.05 | 84.37 | 81.28 | 87.82 |
Other Amortization | 1.83 | 1.83 | 4.79 | 3.35 | 3.41 |
Loss (Gain) From Sale of Assets | 0.04 | 0.04 | 0.22 | - | - |
Asset Writedown & Restructuring Costs | 10.69 | 7.18 | 0.46 | 0.5 | - |
Loss (Gain) From Sale of Investments | - | - | -0.75 | -1.8 | - |
Stock-Based Compensation | 105.02 | 27.33 | 8.61 | 2.38 | 2.44 |
Provision & Write-off of Bad Debts | 0.44 | 0.44 | -2.64 | 2.23 | 0.75 |
Other Operating Activities | 29.44 | 0.54 | 2.83 | 0.22 | 0.99 |
Change in Accounts Receivable | -78.97 | -78.97 | 83.16 | 108.99 | -11.8 |
Change in Accounts Payable | 109.25 | 109.25 | -96.46 | -92.7 | 283.44 |
Change in Unearned Revenue | 66.9 | 66.9 | 24.34 | 79.51 | -211.83 |
Change in Other Net Operating Assets | -132.83 | -37.11 | -1.24 | -26.38 | 49.44 |
Operating Cash Flow | 326.85 | 331.65 | 117.61 | 50.29 | 83.93 |
Operating Cash Flow Growth | - | 181.98% | 133.86% | -40.08% | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 |
Capital Expenditures | -32.06 | -21.41 | -8.57 | -14.4 | -27.26 |
Sale of Property, Plant & Equipment | - | - | 0.3 | - | - |
Cash Acquisitions | 0.43 | -55.33 | - | - | - |
Investment in Securities | - | - | - | 0.55 | -0.82 |
Investing Cash Flow | -31.63 | -76.74 | -8.27 | -13.86 | -28.07 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 |
Long-Term Debt Issued | - | 47 | 97.25 | 151.6 | 28 |
Long-Term Debt Repaid | - | -19.59 | -123.64 | -154.53 | -19.73 |
Net Debt Issued (Repaid) | -424.97 | 27.41 | -26.39 | -2.93 | 8.27 |
Issuance of Common Stock | 844.25 | - | - | - | 15.02 |
Common Dividends Paid | -203.85 | -91.25 | -10.53 | - | - |
Other Financing Activities | -310.1 | -4.18 | -42.46 | -31.95 | -10.16 |
Financing Cash Flow | -94.67 | -68.01 | -79.37 | -34.88 | 13.13 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 |
Net Cash Flow | 200.55 | 186.89 | 29.97 | 1.56 | 68.99 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 |
Free Cash Flow | 294.79 | 310.23 | 109.04 | 35.89 | 56.67 |
Free Cash Flow Growth | - | 184.50% | 203.84% | -36.68% | - |
Free Cash Flow Margin | 9.29% | 12.46% | 5.90% | 1.70% | 2.43% |
Free Cash Flow Per Share | 2.38 | 2.69 | - | - | - |
Levered Free Cash Flow | - | 320.4 | 81.68 | - | - |
Unlevered Free Cash Flow | - | 352.02 | 111.97 | - | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 |
Cash Interest Paid | 40.59 | 55.93 | 43.23 | 53.74 | 35.47 |
Cash Income Tax Paid | 13.87 | 2.49 | 0.6 | 0.2 | 0.01 |
Change in Working Capital | -35.65 | 60.06 | 9.81 | 69.42 | 109.24 |