QUANTA SERVICES, INC. PWR

Industrials SIC 1731 - Electrical Work NAICS Construction › Specialty Trade Contractors › Building Equipment Contractors › Electrical Contractors and Other Wiring Installation Contractors derived NYSE

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.

Last close 546.43 2026-10-23
Market cap $82.15B 2026-06-30 share count
52-week range 408.36 - 788.75

Valuation FY2025 figures against the last close

P/S2.9x
P/E80.4x
P/FCF50.7x
EV/EBITDA40.8x
Dividend yield0.1%
Diluted EPS6.80

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Canada
  • Australia
  • Other
Revenue by geography, 4 categories over 1 years. The same figures are in the table below. FY2025 United States, FY2025: 26.5B (93.0%) 93% United States Canada, FY2025: 1B (3.6%) 4% Australia, FY2025: 779.5M (2.7%) Other, FY2025: 198.4M (0.7%)
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
Revenue by segment, 2 categories over 2 years. The same figures are in the table below. FY2025 Electric, FY2025: 23B (80.8%) 81% Electric Underground and Infrastructure, FY2025: 5.5B (19.2%) 19% FY2023 Electric, FY2023: 15.9B (76.0%) 76% Underground and Infrastructure, FY2023: 5B (24.0%) 24%
Segment FY2025FY2023
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 6.916.165.133.423.453.152.761.922.021.26
EPS, diluted 6.806.035.003.323.343.072.731.902.001.26
Shares, diluted (wtd. avg.) 151.3M150.1M148.8M148.0M145.4M145.2M147.5M154.2M157.2M157.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B Revenue, FY2016: 7.7B Gross profit, FY2016: 1B Net income, FY2016: 200.1M Revenue, FY2017: 9.5B Gross profit, FY2017: 1.2B Net income, FY2017: 315M Revenue, FY2018: 11.2B Gross profit, FY2018: 1.5B Net income, FY2018: 293.3M Revenue, FY2019: 12.1B Gross profit, FY2019: 1.6B Net income, FY2019: 402M Revenue, FY2020: 11.2B Gross profit, FY2020: 1.7B Net income, FY2020: 445.6M Revenue, FY2021: 13B Gross profit, FY2021: 2B Net income, FY2021: 492M Revenue, FY2022: 17.1B Gross profit, FY2022: 2.5B Net income, FY2022: 511.6M Revenue, FY2023: 20.9B Gross profit, FY2023: 2.9B Net income, FY2023: 750.7M Revenue, FY2024: 23.7B Gross profit, FY2024: 3.5B Net income, FY2024: 927.3M Revenue, FY2025: 28.5B Gross profit, FY2025: 4.3B Net income, FY2025: 1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
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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