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Black & Veatch: Business Overview, Financials & Competitive Analysis

Black & Veatch scores 8/10 on the AskCyborg Cyborg Score (Strong). Leading employee-owned infrastructure EPC firm with $4.7B revenue, strong federal contracts, and strategic positioning in energy transition and critical infrastructure markets. Black & Veatch ranks as the 5th largest 100% employee-owned company in the United States with ~13,000 employees and $4.735B revenue (October 2025). The company demonstrates strong strategic.

What is Black & Veatch's industry? Black & Veatch (bv.com) operates in Infrastructure Construction. AskCyborg classifies Black & Veatch under Infrastructure Construction in its company registry.

Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company. It specializes in infrastructure development in energy, liquefied natural gas, water, renewable ener...

8/ 10Strong

Cyborg Score thesis

Leading employee-owned infrastructure EPC firm with $4.7B revenue, strong federal contracts, and strategic positioning in energy...

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Industry Infrastructure Construction
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: September 14, 2026
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What's in This Report
Black & Veatch OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Black & Veatch Overview

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Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company. It specializes in infrastructure development in energy, liquefied natural gas, water, renewable energy including solar, private telecommunications, government, mining, data centers, cybersecurity, advisory services, electrified transportation and smart cities.

Strategic Profile

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As of October 2025, BV is the 5th largest 100% employee-owned company in the United States with approximately 13,000 employees and reported total revenue of $4.735 billion. According to Engineering-News Record (ENR) magazine, Black & Veatch is the 13th-largest design firm in the United States based on revenue for design services performed in 2024. The company is strategically positioned as a comprehensive infrastructure solutions provider serving interconnected ecosystems across energy, water, and digital infrastructure with deep expertise in energy transition and human-critical systems.

Competitive Landscape

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Black & Veatch competes against major players like Fluor, Burns & McDonnell, and Parsons. As the 13th-largest U.S. design firm by revenue, it serves diverse infrastructure markets including power, water, LNG, and data centers. Key differentiation stems from its 100% employee ownership structure, comprehensive service portfolio spanning EPC and consulting, and sector-specific expertise in critical infrastructure and energy transition.

Industry Context

Black & Veatch operates in Infrastructure Construction.

Key facts

Founded: 1915 · Headquarters: Overland Park, Kansas · Employees: 13,000 · Revenue: $4.735B

What the analysts stress-tested

The top findings that survived the multi-agent debate for Black & Veatch.

  • Black & Veatch realigned its sectors to reflect client needs and bring capabilities together with natural resources to better serve water municipalities and utilities, strengthening support for molecule-oriented markets such as fuels, chemicals and heavy process industries, enabling seamless delivery of integrated end-to-end solutions.
  • Under CEO Mario Azar, the company is focused on pragmatism: how to move faster, reduce risk and deliver systems that balance energy security, affordability and carbon footprint in the real world.
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Recent developments

Material events tracked by the AskCyborg corpus.

  • June 2026U.S. Army Corps of Engineers awarded Black & Veatch-Stantec joint venture contract for Brandon Road Interbasin ecosystem protection project design and engineering support
  • March 2026Black & Veatch restructured sectors to better deliver integrated solutions across energy, water, and human critical infrastructure; CEO Mario Azar spoke at CERAWeek 2026 on digital and AI technologies in energy transition
  • +1 moreTrack every material event for Black & Veatch as it happens. Explore monitoring →
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

FluorGlobal EPC and infrastructure services→Burns & McDonnellEngineering, construction, and consulting→ParsonsInfrastructure and engineering services→

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Industry context

Black & Veatch operates in Infrastructure Construction. See how the rest of the sector scores on the Cyborg framework.

Browse Infrastructure Construction research →
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Analyst debate, not single-author opinion

Every report is stress-tested by a panel of AI analysts arguing across 11 dimensions. The output is the part of the case that survived pushback.

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Recalibrated weekly

The Cyborg Score is recomputed weekly against fresh data. Recent material developments are continuously tracked and surfaced.

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Methodology open at /methodology

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Sources: public filings, regulatory data, news flow, and proprietary analyst signals. Read the methodology →

Frequently asked questions

What does Black & Veatch do?+
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company. It specializes in infrastructure development in energy, liquefied natural gas, water, renewable ener...
What is Black & Veatch's Cyborg Score?+
Black & Veatch has a Cyborg Score of 8/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Black & Veatch's main competitors?+
Named competitors include Fluor, Burns & McDonnell, Parsons. The full competitive landscape is in the AskCyborg report.
How can I get the full Black & Veatch research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Black & Veatch research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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More Infrastructure Construction research

Companies in the same sector and named competitors, ranked by Cyborg Score.

6Fluor Corporation6Parsons Corporation