NV5 Holdings (NVEE) AI Stock Analysis

• Market Cap: $1.51B
• Dividend Yield: N/A
• Average Volume (3M): 1.02M
• Price to Earnings (P/E): 41.3
• Beta (1Y): 0.72
• Revenue Growth: 8.65%
• EPS Growth: -22.72%
• Country: US
• Employees: 4,714
• Sector: Industrials
• Sector Strength: 78
• Industry: Engineering & Construction
• EPS (TTM): 0.18
• Shares Outstanding: 12,819,000
• 10 Day Avg. Volume: 1,436,013
• 30 Day Avg. Volume: 1,024,578
• PEG Ratio: -0.49
• Price to Book (P/B): 1.40
• Price to Sales (P/S): 1.24
• P/FCF Ratio: 28.90
• Enterprise Value/Market Cap: 1.09
• Enterprise Value/Revenue: 2.18
• Enterprise Value/Gross Profit: 3.21
• Enterprise Value/Ebitda: 15.42
• 1Y Price Target: $23.00
• Price Target Upside: 1.95% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 6

• Rating: 80 Outperform
• Price Target: $26.00 ▲(15.25% Upside)

NV5 Holdings receives a robust overall stock score of 80, primarily driven by strong financial performance and strategic corporate events. The company demonstrates solid operational efficiency and potential for growth. While the technical indicators suggest bullish momentum, the high P/E ratio points to valuation concerns.

Positive Factors

Financial Performance

NVEE reported 1Q25 results with revenue and gross margin above expectations.

Merger and Acquisition

The merger is expected to be immediately accretive with near-term cost synergies expected to be around $20 million.

Ownership Structure

Upon closing of the transaction, NVEE shareholders will own 40% of the combined company, providing them with a significant stake.

Negative Factors

Profit Margins

The 4Q24 gross profit margin was below forecast due to lower margins from data center and geospatial work.

Stock Rating

Shares have been downgraded to Hold from Buy due to the finalization of the sale to Acuren Corporation.

Valuation

The offer price represents a discount to the company’s 2023 VWAP by 14% and 2024 VWAP by 2%.

NV5 Holdings Business Overview & Revenue Model

Company Description

NV5 Holdings (NVEE) is a provider of professional and technical engineering and consulting solutions. The company operates across multiple sectors including infrastructure, energy, construction, and environmental services. NV5 offers a wide range of services such as civil engineering, environmental consulting, program management, and construction quality assurance. With a focus on delivering sustainable and comprehensive solutions, NV5 serves a diverse client base including government agencies, private sector companies, and other organizations.

How the Company Makes Money

NV5 Holdings generates revenue primarily through the fees it charges for its professional and technical services. The company operates on a project-based model, where it earns income by providing engineering, consulting, and management services to clients across various sectors. Key revenue streams include infrastructure development, energy efficiency projects, environmental consulting, and construction management. NV5 often engages in long-term contracts with government agencies and private sector clients, which provide a steady flow of income. Additionally, strategic acquisitions and partnerships enhance NV5's service offerings and expand its market reach, contributing to its overall earnings.

NV5 Holdings Financial Statement Overview

Summary

NV5 Holdings demonstrates strong financial performance with consistent revenue growth and operational efficiency. The company has a solid balance sheet and effective cash flow management. However, there is room for improvement in net profit margins and return on equity.

Income Statement

NV5 Holdings demonstrates strong financial performance with a consistent upward trajectory in revenue, showing a TTM (Trailing-Twelve-Months) revenue of $879 million. Despite a slight decrease in revenue from the previous annual period, the company maintains stable profitability, evidenced by a gross profit margin of 56.1% and a net profit margin of 3.3% for TTM. The EBIT and EBITDA margins are also respectable at 4.9% and 12.0%, respectively, reflecting operational efficiency. However, the net profit margin has decreased over time, indicating potential pressures on bottom-line profitability.

Balance Sheet

The balance sheet of NV5 Holdings is robust, with a solid equity base of $843 million, leading to an equity ratio of 64.2% for TTM, suggesting financial stability. The company maintains a manageable debt-to-equity ratio of 0.28, showcasing prudent financial leverage. However, the return on equity (ROE) for TTM is relatively moderate at 3.4%, highlighting room for improvement in generating returns on shareholder investment. The company's asset base continues to grow, supporting its capacity for future growth and expansion.

Cash Flow

NV5 Holdings exhibits strong cash flow management, with a healthy operating cash flow to net income ratio of 2.64 for TTM, indicating efficient conversion of profits into cash. The free cash flow has improved to $51.9 million for TTM, showing a significant growth rate compared to previous periods. This positive free cash flow trend enhances the company's ability to fund operations and investments without relying heavily on external financing. However, fluctuations in investing cash flows suggest potential variability in capital allocation strategies.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	753.90M	941.26M	861.74M	786.78M	706.71M	659.30M
Gross Profit	513.09M	483.23M	430.36M	385.97M	359.31M	334.54M
EBITDA	106.69M	110.05M	119.20M	123.06M	123.51M	99.11M
Net Income	31.78M	27.98M	44.61M	49.97M	47.15M	21.02M
Balance Sheet
Total Assets	1.31B	1.32B	1.17B	935.72M	961.94M	881.17M
Cash, Cash Equivalents and Short-Term Investments	39.37M	50.36M	44.82M	38.54M	47.98M	64.91M
Total Debt	217.98M	266.23M	228.71M	54.85M	131.80M	307.52M
Total Liabilities	440.77M	482.34M	394.80M	241.48M	337.22M	487.11M
Stockholders Equity	864.61M	833.01M	775.79M	694.24M	624.72M	394.07M
Cash Flow
Free Cash Flow	75.40M	40.40M	45.04M	78.29M	87.54M	86.15M
Operating Cash Flow	99.21M	57.32M	62.21M	93.98M	101.44M	96.01M
Investing Cash Flow	-41.08M	-80.16M	-205.79M	-21.51M	-80.26M	-9.07M
Financing Cash Flow	-48.53M	28.57M	149.85M	-81.91M	-38.11M	-53.86M

NV5 Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 22.56
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NVEE, the sentiment is Neutral. The current price of 22.56 is below the 20-day moving average (MA) of 22.85, below the 50-day MA of 22.75, and above the 200-day MA of 20.31, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 46.59 is Neutral, neither overbought nor oversold. The STOCH value of 50.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NVEE.

NV5 Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NVEE	80 Outperform	$1.51B	41.26	4.15%	―	8.65%	-22.72%
GLDD	76 Outperform	$773.11M	10.78	15.93%	―	24.40%	61.44%
WLDN	75 Outperform	$1.76B	50.21	14.68%	―	13.82%	96.16%
AMRC	69 Neutral	$1.08B	18.41	6.36%	―	22.85%	8.26%
LMB	68 Neutral	$1.34B	39.34	23.26%	―	8.06%	32.33%
TPC	61 Neutral	$3.02B	―	-10.61%	―	12.03%	-93.60%
Sector *	61 Neutral	C$7.19B	-4.76	-4.20%	2.32%	13.56%	-31.48%

NV5 Holdings Corporate Events

NV5 Holdings Completes Merger and Delisting from NASDAQ

On August 4, 2025, NV5 Holdings, in collaboration with Acuren, terminated its existing credit commitments under a previous agreement, settling all outstanding obligations. This move was part of a merger process where NV5’s common stock was converted into Acuren’s stock and cash, leading to NV5’s delisting from NASDAQ. The merger also resulted in changes to NV5’s corporate structure, including the resignation of several directors and the amendment of its certificate of incorporation and bylaws.

The most recent analyst rating on (NVEE) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on NV5 Holdings stock, see the NVEE Stock Forecast page.

NV5 Holdings Approves Merger with Acuren Corporation

On July 31, 2025, NV5 Global, Inc. held a virtual Special Meeting of stockholders to vote on the approval of a Merger Agreement with Acuren Corporation and related executive compensation. The NV5 Merger Proposal and the NV5 Merger Compensation Proposal were both approved by a majority of the stockholders, with 53,747,927 shares represented at the meeting, ensuring a quorum for the proceedings.

The most recent analyst rating on (NVEE) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on NV5 Holdings stock, see the NVEE Stock Forecast page.

NV5 Holdings Amends Executive Employment Agreements

On May 14, 2025, NV5 Global, Inc. amended the employment agreements of Richard Tong, MaryJo O’Brien, and Edward Codispoti to incorporate ‘good leaver’ provisions in case of a termination event, subject to specific conditions. This amendment reflects a strategic move to enhance employee retention and satisfaction, potentially impacting the company’s operational stability and stakeholder confidence.

The most recent analyst rating on (NVEE) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on NV5 Holdings stock, see the NVEE Stock Forecast page.

NV5 Holdings Announces Merger with Acuren Corporation

On May 14, 2025, NV5 Global, Inc. entered into a merger agreement with Acuren Corporation, creating a combined entity with $2 billion in revenue. The merger is expected to be immediately accretive to Acuren stockholders, with $20 million in cost synergies and long-term revenue synergy opportunities. NV5 stockholders will receive $23.00 per share, consisting of cash and Acuren stock, representing a 32% premium to NV5’s 30-day VWAP. The merger will result in Acuren owning approximately 60% and NV5 owning about 40% of the combined company. The transaction is subject to stockholder and regulatory approvals and is expected to close in the second half of 2025.

The most recent analyst rating on (NVEE) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on NV5 Holdings stock, see the NVEE Stock Forecast page.