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Solv Energy, Inc. (MWH) stock

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NASDAQ: MWH Nasdaq Construction & Engineering Next results ~November 12, 2026

Solv Energy, Inc. is a US-listed company in the construction & engineering industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Solv Energy, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 7 sales by directors and officers, last 12 monthsInsider trades
  • Funds148 adding, 43 cuttingOf 54 active managers that changed their stake, 40 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Solv Energy files

Where Solv Energy stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.14bn. Free-cash-flow margin held at 11.9%. It passes 6 of our 6 financial-health checks.

Our model value for Solv Energy is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 14, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 12, 2026 (estimated)

Current signal Gross margin expanding: TTM gross margin reached 18.8%, up 8.8pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 6.0 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.4bn.

Things to watch

  • Revenue shrinking. Revenue fell 12.0% over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 61% and a beta of 2.1 against the S&P 500.
  • Growth easing. The growth rate is 2.6 points lower than a quarter earlier.
  • Heavily shorted. 23.0% of the shares available to trade are sold short (5.8 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 14, 2026
Earnings per share
$0.33 against an average estimate of $0.24: beat by 35.8%
Revenue
$951m, up 77.5% on a year earlier
Share reaction
+6.3% in the first session after the results on August 13, 2026, against +0.5% for the S&P 500
Guidance given
revenue $3,870m to $3,970m (full-year 2026); adjusted Gross Profit $620m to $660m (full-year 2026)
Next report
November 12, 2026; average EPS estimate $0.56

Solv Energy's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.1%
  • 1 week+8.9%
  • 1 month-5.0%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.1B
Operating margin
8.2%
Net margin
5.8%

Cash

Free cash flow (TTM)
$255M
FCF margin
11.9%

Earnings

Last results
August 13, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Solv Energy, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 12, 2026, before the open. Analysts expect revenue of $1.2bn and EPS of $0.56 (range $0.54 to $0.59) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.27 — $3.9bn +58%
Next $1.69 +33% $4.5bn +16%

Next year's EPS estimate has moved +4.1% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −8.3% on 90 days ago. In the last 30 days, 1 analyst raised Solv Energy, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Solv Energy, Inc., last 90 days
$1.20 $1.40 $1.60 $1.80 $2.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.39 Current fiscal year, 60 days ago: $1.27 Current fiscal year, 30 days ago: $1.27 Current fiscal year, 7 days ago: $1.27 Current fiscal year, Now: $1.27 $1.27 Next fiscal year, 90 days ago: $1.63 Next fiscal year, 60 days ago: $1.81 Next fiscal year, 30 days ago: $1.70 Next fiscal year, 7 days ago: $1.70 Next fiscal year, Now: $1.69 $1.69

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.39$1.63
60 days ago $1.27$1.81
30 days ago $1.27$1.70
7 days ago $1.27$1.70
Now $1.27$1.69

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.24 $0.33 +35.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 13, 2026
  • Revenue full-year 2026 $3,870m to $3,970m Raised
    “Revenue $3,870 - $3,970 $3,720 - $3,820” source
  • Adjusted Gross Margin full-year 2026 16% to 16.6% Non-GAAP Raised
    “Adjusted Gross Margin (%) 2 16.0% - 16.6% 16.4% - 17.0%” source
  • Adjusted Gross Profit full-year 2026 $620m to $660m Non-GAAP Raised
    “Adjusted Gross Profit 2 $620 - $660 $610 - $650” source
  • Adjusted EBITDA full-year 2026 $485m to $505m Non-GAAP Raised
    “Adjusted EBITDA $485 - $505 $435 - $455” source
  • Adjusted EBITDA Margin full-year 2026 12.5% to 12.7% Non-GAAP Raised
    “Adjusted EBITDA Margin (%) 12.5% - 12.7% 11.7% - 11.9%” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

11 analysts, Oct 2026
Buy1091%
Hold19%
Sell00%

Monthly trend

  1. Oct 202619111
  2. Sep 202619111
  3. Aug 202619111
  4. Jul 202619111

Counts of recommendations published by analysts covering Solv Energy, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
23.0%
of tradable shares
Days to cover
5.8
at average volume
Short interest, 1 month
+24%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.0%
of shares
Employees
2,600
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
−4.0%
vs 200-day average
—
Volatility (1 year)
61%
Beta vs S&P 500
2.10

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
2 up, 1 down
typical move ±6.3%
After a week
0 up, 3 down
typical move ±9.4%
After a month
1 up, 2 down
typical move ±20.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 13, 2026 +6.3% +0.5% −3.9% −16.1%
May 12, 2026 +4.3% +0.4% −16.2% −28.9%
March 19, 2026 −8.2% −1.7% −8.1% +15.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Solv Energy, Inc.
$1.8B $2B $2.2B $2.4B FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q3 Revenue (TTM), FY22 Q4: $2.3B Revenue (TTM), FY23 Q4: $2.1B Revenue (TTM), FY24 Q4: $1.8B Revenue (TTM), FY25 Q3: $2.1B $2.1B

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY22 Q4 $2.3B
FY23 Q4 $2.1B
FY24 Q4 $1.8B
FY25 Q3 $2.1B
Operating margin (TTM) Solv Energy, Inc.
-5% 0% 5% 10% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q3 Operating margin (TTM), FY22 Q4: -3.5% Operating margin (TTM), FY23 Q4: -2.5% Operating margin (TTM), FY24 Q4: 3.5% Operating margin (TTM), FY25 Q3: 8.2% 8.2%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY22 Q4 -3.5%
FY23 Q4 -2.5%
FY24 Q4 3.5%
FY25 Q3 8.2%
FCF margin (TTM) Solv Energy, Inc.
0% 5% 10% 15% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q3 FCF margin (TTM), FY22 Q4: 2.4% FCF margin (TTM), FY23 Q4: 1.7% FCF margin (TTM), FY24 Q4: 5.9% FCF margin (TTM), FY25 Q3: 11.9% 11.9%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY22 Q4 2.4%
FY23 Q4 1.7%
FY24 Q4 5.9%
FY25 Q3 11.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-Q, 424B4. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2024, from the 10-K

Each dollar Solv Energy took in during FY2024, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.8B
  2. Cost of revenue $1.6B · 86.0%
  3. Gross profit $259M · 14.0%
  4. Other operating costs $194M · 10.5%
  5. Operating income $64.9M · 3.5%
  6. Interest and other $55M · 3.0%
  7. Net income $9.9M · 0.5%

Shares of revenue. Source: Solv Energy's 10-K for FY2024, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 LTM Sept 2025
Income
Revenue 2,318 2,101 1,848 2,138
Gross profit 98 110 259 402
Operating income −82 −53 65 175
Net income −122 −110 10 123
Growth (year on year)
Revenue — −9.4% −12.0% —
Margins
Gross margin 4.2% 5.2% 14.0% 18.8%
Operating margin −3.5% −2.5% 3.5% 8.2%
Net margin −5.3% −5.2% 0.5% 5.8%
Free-cash-flow margin 2.4% 1.7% 5.9% 11.9%
Cash flow
Cash from operations 84 50 118 272
Capital spending 27 14 9 16
Free cash flow 57 36 109 255
Balance sheet
Cash — 178 208 208
Total debt — — — 3
Net debt (negative = net cash) — −178 −208 −205

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 6 checks passed · June 30, 2026
What it owns · $2.1bn
Short-term assets $1.1bnLonger-term assets $1.1bn
What it owes, and who funded it · $1.8bn
Short-term liabilities $962mLonger-term liabilities $317mShareholders' equity $497m
  • Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $962m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.1bn short-term assets against $317m of longer-dated liabilities.
  • More cash than debt $364m of cash against $0 of debt.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt No debt to cover.
  • Operating profit covers interest at least five times over No material interest expense reported.

From Solv Energy, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Competitors: side by side with peers

Closest by revenue in construction & engineering
Last 12 months unless stated MWH VATE CTRI ROAD AGX IESC Median
Revenue, last 12 months $2.1bn $1.5bn $3.4bn $3.5bn $1.2bn $4.0bn $1.8bn
Revenue growth, last 12 months −12.0% 52.4% 25.2% 41.9% 29.0% 22.7% 20.7%
Revenue growth, 3-year average — −0.1% — 32.9% 35.1% 19.3% 11.3%
Revenue growth, latest quarter 77.5% 74.2% 32.9% 28.2% 61.5% 39.6% 28.2%
Gross margin 18.8% 15.9% 7.8% 15.8% 20.9% 26.3% 13.0%
Operating margin 8.2% 4.3% 2.7% 8.6% 15.4% 12.4% 4.2%
Operating margin, 3-year average — 3.4% 0.4% 7.3% 11.5% 11.1% 5.4%
Net margin 5.8% −1.5% 0.9% 4.1% 15.1% 11.4% 2.0%
Cash from operations / revenue 12.7% 9.3% 2.2% 10.1% 46.7% 9.3% 4.6%
Free-cash-flow margin 11.9% 9.3% −0.4% 5.0% 45.9% 5.7% 2.5%
Free-cash-flow margin, 3-year average — 5.6% 1.5% 5.4% 28.3% 5.8% 5.5%
Stock pay / revenue — 0.1% 0.3% 1.1% 0.7% 0.4% 0.7%
Change in share count — 0.6% 9.0% 2.7% 0.5% −0.1% 0.8%

Median of all 44 companies we cover in construction & engineering. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Who owns it

Funds buying and selling
Reported value
$4.4B
Institutions reporting
178
Shares held vs prior quarter
▲ 8.7%
Positions opened / closed
86 / 19

Top buyers and sellers, Q2 2026: 148 institutions bought and 43 sold ; the biggest buyer was Fred Alger Management, LLC (+2.3M shares) and the biggest seller American Securities LLC (−8.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
American Securities LLC $2.8B 82.9M 63.8% ▼ 9.6%
Blackrock, Inc. $94.4M 2.8M 2.1% ▲ 328.6%
Robeco Schweiz AG $89.9M 2.6M 2.0% ▲ 162.9%
Driehaus Capital Management LLC $81M 2.4M 1.8% ▲ 87.2%
Fred Alger Management, LLC $77.4M 2.3M 1.8% New
Vanguard Capital Management LLC $55.1M 1.6M 1.2% ▲ 67.2%
Vanguard Portfolio Management LLC $51.8M 1.5M 1.2% ▲ 82.1%
Balyasny Asset Management L.P. $50.1M 1.5M 1.1% ▲ 146.5%
Handelsbanken Fonder AB $44.2M 1.3M 1.0% ▲ 18.2%
Jennison Associates LLC $39.8M 1.2M 0.9% ▲ 35.1%
Two Sigma Investments, LP $35.3M 1.0M 0.8% ▲ 306.3%
BNP Paribas Asset Management Holding S.A. $33.9M 996K 0.8% ▲ 162.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Solv Energy, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 7 trades by 4 insiders · 0% under pre-set plans
Net ▲ $0 net buying
Insider Date Trade Shares Price Value
Asp Viii Solv Holdings Lp 10% owner August 19, 2026 Sell 7,939,153 — $0
American Securities Llc 10% owner August 19, 2026 Sell 7,939,153 — $0
Solv Energy Management Holdings Lp 10% owner August 19, 2026 Sell 1,329,803 — $0
Asp Endeavor Investco Lp 10% owner June 4, 2026 Sell 1,154,760 — $0
American Securities Llc 10% owner June 4, 2026 Sell 1,154,760 — $0
American Securities Llc 10% owner June 1, 2026 Sell 7,698,410 — $0
American Securities Llc 10% owner June 1, 2026 Sell 7,698,410 — $0

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around October 26, 2026 estimated from the company's past filing pattern, not announced

  • August 13, 2026
  • May 12, 2026
  • March 19, 2026

Recent SEC filings

Data status

When each part of this page on Solv Energy, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Solv Energy, Inc. in brief

What does Solv Energy, Inc. do?
Solv Energy, Inc. is a US-listed company in the construction & engineering industry. Its financial year ends in December.
What is Solv Energy, Inc.'s stock ticker?
Solv Energy, Inc. trades under the ticker MWH on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Solv Energy, Inc.'s free cash flow?
Solv Energy, Inc.'s free-cash-flow margin is 11.9% of revenue over the trailing twelve months.
Who are Solv Energy, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are American Securities LLC, Blackrock, Inc. and Robeco Schweiz AG. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
How much debt does Solv Energy, Inc. have?
Solv Energy, Inc.'s debt-to-equity ratio is 0.0%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Solv Energy, Inc.'s competitors?
In our Construction & Engineering peer group, the companies closest to Solv Energy, Inc. are Innovate Corp., Centuri Holdings, Inc., Construction Partners, Inc., Argan Inc and IES Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Solv Energy, Inc.'s.
Are insiders buying or selling Solv Energy, Inc. stock?
Over the last 12 months, Solv Energy, Inc.'s directors and officers reported 0 open-market purchases and 7 sales on Form 4. The insider trading page charts every trade.
When is Solv Energy, Inc.'s next earnings date?
Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Solv Energy, Inc. announces its own schedule.