SOLV Energy Inc. (MWH) vs ReNew Energy Global PLC (RNW)

SOLV Energy Inc. and ReNew Energy Global PLC are both Utilities Renewable companies. SOLV Energy Inc. is the larger, with a market value of $4.8B against $2.5B — 1.9× the size. ReNew Energy Global PLC has the higher net margin (7.11% vs 2.22%) and the lower return on invested capital (7.02% vs 14.6%). Across the 14 metrics below, SOLV Energy Inc. leads on 8 and ReNew Energy Global PLC on 6.

Valuation

Metric MWH RNW Utilities Renewable median
P/E — 18.82 14.42
P/S 1.11 1.47 1.78
P/B 3.36 1.51 0.88
Price to free cash flow 37.83 n/m 11.75
EV/EBITDA 11.64 8.51 10.16
EV/Sales 1.00 5.75 3.74
Earnings yield — 5.31% (11.66%)
Free cash flow yield 2.64% (1.50%) (27.02%)

Profitability

Metric MWH RNW Utilities Renewable median
Gross margin 16.75% 81.87% 40.59%
Operating margin 5.05% 59.01% 0.00%
Net margin 2.22% 7.11% 0.00%
Free cash flow margin 2.94% (2.22%) (1.11%)
Return on equity 0.00% 7.48% 0.00%
Return on assets 5.37% 1.06% (0.07%)
Return on invested capital 14.63% 7.02% 0.00%

Growth

Metric MWH RNW Utilities Renewable median
Revenue growth (TTM) — 11.65% 16.77%
EPS growth (last fiscal year) — 123.08% 28.57%
Revenue growth, 5-year CAGR — 15.47% 7.01%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric MWH RNW Utilities Renewable median
Debt to equity 0.08 5.05 0.37
Current ratio 1.09 0.50 0.98
Net debt to EBITDA — 6.64 3.56

Dividend

Metric MWH RNW Utilities Renewable median
Dividend yield — — 3.15%
Payout ratio — — 0.17

Size

Metric MWH RNW Utilities Renewable median
Market cap 4.82b 2.53b 849.13m

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