SOLV Energy, Inc. (NASDAQ:MWH)
Insiders here have filed 9 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Profitable, but on a thin margin.
- Revenue
- $3.17B
- Net income
- $87.4M
- Net margin
- 2.8%
Little or no net debt.
- Total debt
- $83.6M
- Cash
- $364.0M
- Net debt / EBITDA
- -0.97x
Covers near-term obligations, without much room.
- Current assets
- $1.05B
- Current liabilities
- $961.6M
- Current ratio
- 1.09
The business funds itself from operations.
- Operating cash flow
- $324.0M
- Free cash flow
- $292.0M
- FCF margin
- 9.2%
Not funding itself by issuing shares.
- Shares outstanding
- 202.4M
- Share growth (1y)
- 1.5%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
MWH Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 951.24 M | 676.80 M | 793.63 M | 753.07 M | 535.95 M | 407.85 M |
| Revenue Growth (YoY) | 77.49 % | 65.95 % | 79.98 % | — | — | — |
| Cost of Revenue | 829.88 M | 572.61 M | 665.09 M | 604.87 M | 422.89 M | 362.52 M |
| Gross Profit | 121.37 M | 104.19 M | 128.54 M | 148.20 M | 113.06 M | 45.33 M |
| SG&A Expense | 51.68 M | 111.38 M | 83.29 M | 50.52 M | 41.16 M | 36.07 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 51.68 M | 111.38 M | 83.29 M | 65.40 M | 54.92 M | 36.07 M |
| Operating Income | 69.68 M | -7.18 M | 45.25 M | 82.80 M | 58.14 M | 9.26 M |
| Pretax Income | 72.66 M | -23.25 M | 37.27 M | 106.66 M | 45.68 M | -240.00 K |
| Tax Provision | 5.82 M | 4.17 M | 1.80 M | 18.52 M | 1.05 M | 262.00 K |
| Net Income | 36.97 M | -23.36 M | 35.53 M | 38.23 M | 44.26 M | -714.00 K |
| EPS (Basic) | 0.18 | -0.12 | 0.18 | 0.19 | 0.22 | -0.00 |
| EPS (Diluted) | 0.18 | -0.12 | 0.18 | 0.19 | 0.22 | -0.00 |
| Shares Outstanding | 202.39 M | 202.48 M | 202.49 M | 200.95 M | 199.42 M | 202.40 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.