MWH
SOLV Energy, Inc. Class A Common Stock
MWH's fundamentals are strong: revenue grew 71% and free cash flow grew 37%, though its operating margin fell 1 points to 6.8%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
MWH Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Strong |
MWH's revenue, profitability, cash flow and balance sheet are all currently healthy.
MWH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 17x | $26.78 | — |
| Current | 33x | $26.78 | — |
| Cheap | 51x | $41.06 | +53% |
| Fair | 56x | $44.96 | +68% |
| Expensive | 70x | $56.90 | +112% |
Historical ranges are pointers, not guarantees.
MWH's PE is 33x, but its earnings don't support one, so it isn't a reliable read right now.
MWH Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for MWH, but weaker profitability. However, they disagree widely on these estimates.
MWH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.57 | +93% |
| Q3 2026 | $0.81 | +23% |
MWH's earnings per share have climbed steadily: $0.81 over the past year, up 23% from the year before, and higher year over year every quarter since late 2026.
MWH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +65% |
| Q2 2026 | $951.2M | +77% |
| Q1 2026 | $676.8M | +66% |
| Q4 2025 | $793.6M | +80% |
MWH's revenue has grown year over year every quarter since late 2025: $1.2B last quarter, up 65% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +0.4 points |
| Q2 2026 | 7.3% | -3.5 points |
| Q1 2026 | -1.1% | -3.3 points |
| Q4 2025 | 5.7% | +0.1 points |
| Q3 2025 | 11% | N/A |
| Q2 2025 | 11% | N/A |
| Q1 2025 | 2.3% | N/A |
| Q4 2024 | 5.6% | N/A |
MWH's operating margin was 11% last quarter, about level with the same quarter a year ago.
MWH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $120.2M | +88% |
| Q2 2026 | $26.3M | -6.6% |
| Q1 2026 | $3.8M | -78% |
| Q4 2025 | $200.7M | +38% |
MWH's free cash flow has been positive every quarter since late 2024: $351M over the past year, up 37% from the year before.
MWH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -34% | -69.5M shares |
| 1 year | -34% | -68.8M shares |
MWH has 132M diluted shares, down 34% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
MWH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.2x | Net Cash |
| Q2 2026 | -1.3x | Net Cash |
| Q1 2026 | -1.4x | Net Cash |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | -0.3x | Net Cash |
MWH has more cash than debt.
MWH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.6 | Neutral |
| Stochastic | 37.8 | Neutral |
MWH's weekly RSI is 45 (neutral) and its Stochastic is 38 (neutral).
MWH PE vs Utilities Sector
| Metric | MWH | Sector median | Relative |
|---|---|---|---|
| PE | 33x | 20x | 62% above |
MWH is trading at 33x earnings, a 62% premium to the Utilities sector's median of 20x, though its earnings don't support one.
MWH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $24.7 | 8.4% above |
| 20 week MA | $26.7 | 0.2% above |
MWH is in an uptrend: it's above all two of its weekly moving averages, and 0.2% above its 20-week average.
MWH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2026 YTD | $32.3 | $26.8 | -17% |
It's down 17% so far in 2026.