FirmAtlas
Company handbook · PWR · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
PWR · CIK 1050915 · LATEST FILING: 10-Q JUN '26 · FILED JUL 30, 2026
Quanta Services, Inc.
$631.86
−10.35 (−1.61%)
Close, Oct 16, 2026 · 52-week $405–789
Last fiscal year
Quanta Services, Inc. reported revenue of $28.5B for the year ended Dec 31, 2025 (FY25), up 20.3% from FY24. Net income was $1.0B, operating cash flow $2.2B and free cash flow $1.6B. Source: 10-K filed Feb 19, 2026.
Market cap
$94.5B
P/E
71.2
EV/EBITDA
49.1x
P/B
9.8
Div yield
0.07%
ROIC
9.9%
Revenue 1Y
20.3%/yr
EPS 1Y
12.8%/yr
Shares 1Y
+1%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOEarl C. Austin, Jr.
HQHouston, TX
AuditorPricewaterhouseCoopers LLP
Employees69,500
Year endsDecember
Revenue by segment · FY25
Electric Power Infrastructure Services81%
Pipeline And Industrial Infrastructure Services19%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
36.6%
41.3%
53.0%
44.4%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$6.3B deployed
Capex
$1.2B
19.4%
Acquisitions
$4.8B
76.6%
Dividends
$115M
1.8%
Buybacks
$135M
2.1%
Operating cash flow over the period: $4.3B. Total debt changed by +$1.1B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
23,673
28,480+20.3%
32,905
YoY
+20.3%
Gross profit
3,511
4,275+21.8%
5,086
Gross margin
14.8%
15.0%+0.2 pp
—
Operating income
1,346
1,612+19.7%
2,036
Operating margin
5.7%
5.7%−0.0 pp
—
EBITDA
1,706
2,023+18.6%
—
EBITDA margin
7.2%
7.1%−0.1 pp
—
Interest expense
203
261+29.0%
—
Interest coverage
8.42x
7.74x−0.68x
—
Net income
905
1,028+13.7%
1,327
YoY
+13.7%
Net margin
3.8%
3.6%−0.2 pp
—
EPS (diluted, $)
6.03
6.80+12.8%
8.76
YoY
+12.8%
Balance sheet
Total assets
18,684
24,927+33.4%
28,292
Cash & short-term investments
746
443−40.6%
—
Accounts receivable
5,171
6,847+32.4%
—
Inventory
260
370+42.4%
—
Net PP&E
2,700
3,455+28.0%
—
Other assets
9,806
13,811+40.8%
—
Total liabilities
11,366
15,989+40.7%
18,654
Accounts payable
3,722
4,579+23.0%
—
Total debt
4,100
5,231+27.6%
5,422
Other liabilities
3,544
6,178+74.3%
—
Shareholders’ equity
7,318
8,938+22.1%
9,638
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
2,081
2,230+7.1%
3,178
Net income
927
1,042+12.4%
—
Depreciation & amortization
359
412+14.5%
—
Stock-based compensation
151
182+20.9%
—
Working capital & other
644
595−7.7%
—
Cash from investing
(2,294)
(3,831)n/m
—
Capex
(604)
(609)n/m
—
Acquisitions
(1,746)
(3,052)n/m
—
Investments bought
(82)
(149)n/m
—
Investments sold / matured
29
17−41.8%
—
Other investing
108
(38)−135.0%
—
Cash from financing
(306)
1,275n/m
—
Debt repaid
(500)
0n/m
—
Dividends
(54)
(60)n/m
—
Buybacks
0
(135)n/m
—
Other financing
249
1,470+491.4%
—
Net change in cash
(549)
(303)n/m
—
Free cash flow (OCF − capex)
1,477
1,621+9.7%
2,391
Where the cash went
Operating cash flow
2,081
2,230+7.1%
3,178
Reinvested in the business
2,350
3,661+55.8%
—
% of operating cash flow
112.9%
164.2%
Capex
604
609+0.8%
787
Acquisitions
1,746
3,052+74.8%
—
Free cash flow
1,477
1,621+9.7%
2,391
YoY
+9.7%
Returned to shareholders
54
195+259.8%
—
% of free cash flow
3.7%
12.0%
Dividends
54
60+11.5%
—
Buybacks
0
135n/m
—
Change in total debt
—
1,131
—
Cash left over
—
(495)
—
FCF conversion (FCF ÷ net income)
163.2%
157.6%−5.6 pp
—
Owner earnings
—
(98)
—
Owner earnings margin
—
−0.3%
—
Buyback yield
—
0.2%
—
Returns & ratios
ROIC (all capital)
9.7%
9.9%+0.3 pp
—
ROIC (operating)
23.4%
23.0%−0.4 pp
—
Net debt / EBITDA
1.97x
2.37x+0.40x
—
Debt / equity
0.56x
0.59x+0.02x
—
ROE
12.4%
11.5%−0.9 pp
—
ROA
4.8%
4.1%−0.7 pp
—
ROCE
10.6%
9.9%−0.7 pp
—
NOPAT
1,030
1,208+17.3%
—
Invested capital (operating)
4,409
6,093+38.2%
—
Invested capital (all)
10,671
13,726+28.6%
—
Reinvestment rate
—
139.4%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
7,631
7,842
7,875
9,557
vs year-ago quarter
Gross profit
1,216
1,217
1,107
1,545
Gross margin
15.9%
15.5%
14.1%
16.2%
Operating income
517
485
339
695
Net income
339
315
221
451
vs year-ago quarter
Net margin
4.4%
4.0%
2.8%
4.7%
EPS (diluted, $)
2.24
2.11
1.45
2.96
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
22,744
24,927
25,747
28,292
Cash & equivalents
614
443
370
512
Total debt
5,532
5,231
5,202
5,422
Shareholders’ equity
8,396
8,938
9,045
9,638
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
563
1,128
392
1,095
Capex
142
194
220
231
Free cash flow
421
934
172
864
vs year-ago quarter