Skip to main content
logo
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 Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22
Net Income
119.25149.189.92-107.27-120.73
Depreciation & Amortization
95.7885.0584.3781.2887.82
Other Amortization
1.831.834.793.353.41
Loss (Gain) From Sale of Assets
0.040.040.22--
Asset Writedown & Restructuring Costs
10.697.180.460.5-
Loss (Gain) From Sale of Investments
---0.75-1.8-
Stock-Based Compensation
105.0227.338.612.382.44
Provision & Write-off of Bad Debts
0.440.44-2.642.230.75
Other Operating Activities
29.440.542.830.220.99
Change in Accounts Receivable
-78.97-78.9783.16108.99-11.8
Change in Accounts Payable
109.25109.25-96.46-92.7283.44
Change in Unearned Revenue
66.966.924.3479.51-211.83
Change in Other Net Operating Assets
-132.83-37.11-1.24-26.3849.44
Operating Cash Flow
326.85331.65117.6150.2983.93
Operating Cash Flow Growth
-181.98%133.86%-40.08%-

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22
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
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22
Long-Term Debt Issued
-4797.25151.628
Long-Term Debt Repaid
--19.59-123.64-154.53-19.73
Net Debt Issued (Repaid)
-424.9727.41-26.39-2.938.27
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
-94.67-68.01-79.37-34.8813.13

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22
Net Cash Flow
200.55186.8929.971.5668.99

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22
Free Cash Flow
294.79310.23109.0435.8956.67
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
2.382.69---
Levered Free Cash Flow
-320.481.68--
Unlevered Free Cash Flow
-352.02111.97--

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22
Cash Interest Paid
40.5955.9343.2353.7435.47
Cash Income Tax Paid
13.872.490.60.20.01
Change in Working Capital
-35.6560.069.8169.42109.24
SEC Filings: 10-K · 10-Q