SOLV Energy, Inc. (MWH)

Revenue

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Solar PV / Solar PV + Battery Storage Revenue	2.11B	1.65B
Solar PV / Solar PV + Battery Storage Revenue Growth	27.74%	-13.99%
Standalone Battery Storage Revenue	96.01M	81.00M
Standalone Battery Storage Revenue Growth	18.54%	344.01%
Transmission and Distribution (T&D) Revenue	149.47M	45.00M
Transmission and Distribution (T&D) Revenue Growth	232.15%	616.69%
New Construction Revenue	2.35B	1.77B
New Construction Revenue Growth	32.51%	-8.58%
Existing Infrastructure Revenue	113.22M	73.17M
Existing Infrastructure Revenue Growth	54.73%	24.06%
Other Segment Revenue	26.80M	765.00K
Other Segment Revenue Growth	3402.61%	-99.24%

Key Performance Indicators

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Electricity Production Credit (EPC) Contracts & LNTP Agreements - Signed Backlog	2.02B	981.96M
Electricity Production Credit (EPC) Contracts & LNTP Agreements - Signed Backlog Growth	106.09%	2.30%
Operation and Maintenance (O&M) Agreements - Signed Backlog	314.39M	249.78M
Operation and Maintenance (O&M) Agreements - Signed Backlog Growth	25.86%	-
Total Signed Backlog	2.34B	1.23B
Total Signed Backlog Growth	89.82%	-
Electricity Production Credit (EPC) Contracts & LNTP Agreements - Awarded Backlog	5.46B	2.86B
Electricity Production Credit (EPC) Contracts & LNTP Agreements - Awarded Backlog Growth	90.60%	-
Estimated Corrective Maintenance Backlog	227.87M	183.21M
Estimated Corrective Maintenance Backlog Growth	24.38%	-
Total Backlog	8.02B	4.28B
Total Backlog Growth	87.54%	-

Updated Dec 31, 2025. Data Source: Fiscal.ai.