SOLV Energy, Inc.

NasdaqGS:MWH Stock Report

Market Cap: US$7.2b

SOLV Energy Past Earnings Performance

Past criteria checks 5/6

SOLV Energy has been growing earnings at an average annual rate of 86.8%, while the Construction industry saw earnings growing at 28% annually. Revenues have been growing at an average rate of 41.4% per year. SOLV Energy's return on equity is 15.1%, and it has net margins of 4.6%.

Key information

86.83%

Earnings growth rate

n/a

EPS growth rate

Construction Industry Growth20.19%
Revenue growth rate41.44%
Return on equity15.14%
Net Margin4.59%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Seeking Alpha Feb 12

SOLV Energy: Powering Higher As A Public Business

Summary SOLV Energy surged 20% post-IPO, reflecting optimism about its power infrastructure services and strong 2025 growth projections. Despite a robust backlog and margin gains, the recent revenue declines and lumpy results raise concerns about valuation and sustainability. At $30/share, the stock trades at ~25x earnings and 18x adjusted EBITDA, compared to larger, diversified peers. I remain cautious, preferring a wait-and-see approach due to valuation, recent volatility, and risk factors including order lumpiness and sector headwinds. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How SOLV Energy makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqGS:MWH Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 262,7591272690
31 Dec 252,4901491930
30 Sep 252,1611231590
31 Dec 241,848101280
31 Dec 232,115-107970
31 Dec 222,329-1211040

Quality Earnings: MWH has high quality earnings.

Growing Profit Margin: MWH's current net profit margins (4.6%) are higher than last year (2.4%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: MWH's earnings have grown significantly by 86.8% per year over the past 5 years.

Accelerating Growth: MWH's earnings growth over the past year (167.9%) exceeds its 5-year average (86.8% per year).

Earnings vs Industry: MWH earnings growth over the past year (167.9%) exceeded the Construction industry 33.2%.


Return on Equity

High ROE: MWH's Return on Equity (15.1%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/01 07:56
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SOLV Energy, Inc. is covered by 12 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin KalloBaird
Mark JarviCIBC Capital Markets
Nicholas AmicucciEvercore ISI