Filing Flows › Solv Energy (MWH) › How it makes money
How Solv Energy (MWH) makes money
Solv Energy (MWH) made $951M of revenue in the second quarter 2026 (Q2 2026), +77% from a year earlier. New Construction brought in $913M (96%); Existing Infrastructure brought in $28.0M (3%); Other brought in $10.2M (1%). Of every dollar of revenue, 15¢ was left as gross profit, 7¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| New Construction | $913M | 96.0% | — | +88% |
| Existing Infrastructure | $28.0M | 2.9% | — | -23% |
| Other | $10.2M | 1.1% | — | -24% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $951M | 100.0% |
| Cost of revenue | $812M | 85.3% |
| Gross profit | $140M | 14.7% |
| Operating expenses | $69.9M | 7.4% |
| Operating profit | $69.7M | 7.3% |
| Income tax | $5.8M | 0.6% |
| Net earnings | $37.0M | 3.9% |
| Operating cash flow | $31.8M | 3.3% |
| Free cash flow | $26.3M | 2.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $951M | +78% |
| Q1 2026 | $677M | +66% |
From Solv Energy's 10-Q filed Aug 14, 2026 (on EDGAR).
Questions
How does Solv Energy make money?
Solv Energy (MWH) made $951M of revenue in the second quarter 2026 (Q2 2026), +77% from a year earlier. New Construction brought in $913M (96%); Existing Infrastructure brought in $28.0M (3%); Other brought in $10.2M (1%). Of every dollar of revenue, 15¢ was left as gross profit, 7¢ was left as operating profit, 4¢ was left as net earnings.
What is Solv Energy's biggest business?
New Construction: $913M in the second quarter 2026, 96% of revenue, +88% from a year earlier.
What is Solv Energy's profit margin?
Net earnings were $37.0M, 3.9% of revenue, in the second quarter 2026; the operating margin was 7.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.