QUANTA SERVICES, INC. PWR
Quanta Services, Inc. (together with its subsidiaries, "Quanta," "we," "us" or "our") is a leading provider of comprehensive infrastructure solutions for the electric and gas utility, power generation, large load center, manufacturing, communications, pipeline and energy industries in the United States, Canada, Australia and select other international markets. We provide design, engineering, procurement, construction, upgrade and repair and maintenance services for infrastructure within each of these industries, including electric power transmission and distribution networks; substation facilities; wind, solar and gas power generation and transmission and battery storage facilities; low voltage electrical, mechanical, plumbing and process infrastructure for large load centers, such as data center, advanced manufacturing, healthcare, pharmaceutical and industrial facilities; communications and cable multi-system operator networks; gas utility systems; pipeline transmission systems and facilities; and downstream industrial facilities. Our operations are decentralized and labor-intensive, and we rely on craft skilled labor personnel and experienced operators to successfully manage our day-to-day business. We also have an experienced management team, both at the executive and regional levels and within our subsidiaries, which we refer to as operating companies. We operate a fleet of owned and leased trucks and trailers, support vehicles and specialty construction equipment, as well as various proprietary technologies that enhance our service offerings. We have a large and diverse customer base, including many of the leading companies in the utility, renewable energy, hyperscaler, technology, communications, industrial and energy delivery markets.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Canada
- Australia
- Other
| Region | FY2025 |
|---|---|
| United States | $26.48B |
| Canada | $1.02B |
| Australia | $779.5M |
| Other | $198.4M |
As the company reported it, from the “REVENUE RECOGNITION AND RELATED BALANCE SHEET ACCOUNTS - Revenue Disaggregated by Geographic Location and Contract Type (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Electric
- Underground and Infrastructure
| Segment | FY2025 | FY2023 |
|---|---|---|
| Electric | $23.00B | $15.87B |
| Underground and Infrastructure | $5.48B | $5.02B |
As the company reported it, from the “SEGMENT INFORMATION - Summarized Financial Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.48B | $23.67B | $20.88B | $17.07B | $12.98B | $11.20B | $12.11B | $11.17B | $9.47B | $7.65B |
| Cost of revenue | $24.20B | $20.16B | $17.95B | $14.54B | $11.03B | $9.54B | $10.51B | $9.69B | $8.22B | $6.64B |
| Gross profit | $4.28B | $3.51B | $2.94B | $2.53B | $1.95B | $1.66B | $1.60B | $1.48B | $1.24B | $1.01B |
| SG&A | $2.19B | $1.82B | $1.56B | $1.34B | $1.16B | $975.1M | $956.0M | $857.6M | $777.9M | $653.3M |
| Operating income | $1.61B | $1.35B | $1.13B | $872.1M | $663.5M | $611.4M | $554.9M | $540.3M | $378.8M | $320.8M |
| Interest expense | $261.4M | $202.7M | $186.9M | $124.4M | $68.9M | $45.0M | $66.9M | $36.9M | $20.9M | $14.9M |
| Pre-tax income | $1.39B | $1.21B | $970.0M | $703.9M | $622.9M | $571.3M | $572.3M | $457.7M | $353.8M | $307.7M |
| Income tax | $347.6M | $284.7M | $219.3M | $192.2M | $130.9M | $119.4M | $165.5M | $161.7M | $35.5M | $107.2M |
| Net income | $1.04B | $927.3M | $750.7M | $511.6M | $492.0M | $445.6M | $402.0M | $293.3M | $315.0M | $200.1M |
| EPS, basic | 6.91 | 6.16 | 5.13 | 3.42 | 3.45 | 3.15 | 2.76 | 1.92 | 2.02 | 1.26 |
| EPS, diluted | 6.80 | 6.03 | 5.00 | 3.32 | 3.34 | 3.07 | 2.73 | 1.90 | 2.00 | 1.26 |
| Shares, diluted (wtd. avg.) | 151.3M | 150.1M | 148.8M | 148.0M | 145.4M | 145.2M | 147.5M | 154.2M | 157.2M | 157.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $439.5M | $742.0M | $1.29B | $428.5M | $229.1M | $184.6M | $164.8M | $78.7M | $138.3M | $112.2M |
| Receivables | $6.85B | $5.17B | $4.41B | $3.67B | $3.40B | $2.72B | $2.75B | $2.35B | $1.99B | $1.50B |
| Inventory | $370.4M | $260.2M | $175.7M | $103.3M | $84.7M | $50.5M | $55.7M | $107.7M | $80.9M | $88.5M |
| Total current assets | $9.90B | $7.85B | $7.68B | $5.54B | $4.73B | $3.59B | $3.83B | $3.33B | $2.87B | $2.29B |
| Property, plant and equipment | — | — | — | — | — | — | — | $1.28B | $1.29B | $1.17B |
| Goodwill | $7.32B | $5.32B | $4.05B | $3.59B | $3.53B | $2.12B | $2.02B | $1.90B | $1.87B | $1.60B |
| Other intangibles | $2.91B | $1.86B | $1.36B | $1.46B | $1.80B | $435.7M | $413.7M | $280.2M | $263.2M | $187.0M |
| Total assets | $24.93B | $18.68B | $16.24B | $13.46B | $12.86B | $8.40B | $8.33B | $7.08B | $6.48B | $5.35B |
| Accounts payable | $4.58B | $3.72B | $3.06B | $2.15B | $2.25B | $1.51B | $1.49B | $1.31B | $1.06B | $922.8M |
| Short-term debt | $763.9M | $62.7M | $535.2M | $37.5M | $29.2M | $14.8M | $74.9M | $65.6M | $1.2M | $4.8M |
| Total current liabilities | $8.72B | $6.03B | $5.21B | $3.41B | $3.16B | $2.14B | $2.26B | $1.81B | $1.49B | $1.21B |
| Long-term debt | — | — | — | — | — | — | — | $1.04B | $670.7M | $353.6M |
| Total liabilities | $15.90B | $11.35B | $9.95B | $8.07B | $7.74B | $4.05B | $4.28B | $3.47B | $2.68B | $2.01B |
| Retained earnings | $6.67B | $5.71B | $4.86B | $4.16B | $3.71B | $3.26B | $2.85B | $2.48B | $2.19B | $1.88B |
| Total equity | $8.94B | $7.32B | $6.28B | $5.40B | $5.12B | $4.35B | $4.05B | $3.61B | $3.80B | $3.34B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.23B | $2.08B | $1.58B | $1.13B | $582.4M | $1.12B | $526.6M | $358.8M | $371.9M | $390.7M |
| Depreciation and amortisation | $411.5M | $359.4M | $324.8M | $290.6M | $255.5M | $225.3M | $218.1M | $202.5M | $183.8M | $170.2M |
| Stock-based compensation | $181.9M | $150.5M | $126.8M | $105.6M | $88.3M | $91.6M | $52.0M | $52.5M | $46.4M | $42.8M |
| Capital expenditure | $609.2M | $604.1M | $434.8M | $427.6M | $385.9M | $260.1M | $261.8M | $293.6M | $244.7M | $212.6M |
| Investing cash flow | -$3.83B | -$2.29B | -$989.6M | -$617.2M | -$2.90B | -$499.3M | -$617.6M | -$402.7M | -$572.1M | -$264.4M |
| Financing cash flow | $1.27B | -$305.6M | $268.5M | -$311.1M | $2.36B | -$601.4M | $177.7M | -$16.6M | $227.8M | -$133.8M |
| Dividends paid | $60.4M | $54.2M | $47.8M | $41.1M | $34.0M | $28.9M | $23.2M | $0 | $0 | — |
| Buybacks | $134.6M | $0 | $350.0K | $127.8M | $66.7M | $247.2M | $20.1M | $443.2M | $50.0M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-150293.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.65B | $9.47B | $11.17B | $12.11B | $11.20B | $12.98B | $17.07B | $20.88B | $23.67B | $28.48B |
| Gross profit | $1.01B | $1.24B | $1.48B | $1.60B | $1.66B | $1.95B | $2.53B | $2.94B | $3.51B | $4.28B |
| Net income | $200.1M | $315.0M | $293.3M | $402.0M | $445.6M | $492.0M | $511.6M | $750.7M | $927.3M | $1.04B |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Material agreement signed Item 1.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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| MAGH | Magnitude International Ltd | — | — | — |
| ENGS | Energys Group Ltd | — | — | — |