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v3.25.4

Revenue from Contracts with Customers - Contract Assets and Liabilities (Details) - USD ($) $ in Thousands | 12 Months Ended
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Dec. 31, 2025 | Dec. 31, 2024
Contract Assets |  |
Costs and estimated earnings in excess of billings, less allowance for credit losses, current | $ 88,817 | $ 91,681
Contract Liabilities |  |
Billings in excess of costs and estimated earnings and deferred revenue | $ 2,120,262 | 1,149,257
Contract with Customer, Timing of Satisfaction of Performance Obligation and Payment | Contract assets and liabilities fluctuate year to year based on various factors, including, but not limited to, the variability in billing and payment terms of customers and changes in the number and size of projects in progress at period end. |
Decrease in contract assets | $ 2,900 |
Increase in contract liabilities | 971,000 |
Decrease attributable to the timing of billings | 7,500 |
Consideration of 2025 acquisitions | 60,900 |
Increase in contract assets related to 2025 acquisitions | 4,600 |
Increase in billings in excess of costs | 910,100 |
Revenue related to our contract liabilities | $ 1,000,000 | $ 816,800

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