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Quanta Services, Inc.

PWR Industrials Engineering & Construction

Quanta Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $28.5 billion, up 20.3% from fiscal 2024.

Revenue
+57.4%
EPS
+106.0%
Free cash flow
+188.9%
Total debt
+24.2%

Quarter to September 2026, against a year earlier

511.41 69.03 −11.89%
Market cap
$76.7B
P/E
45.3×
Fwd P/E
48.3×
Dividend yield
0.09%
F-score
4/9
Altman Z
4.16
Beneish M
−2.42
Dividend safety
84/100
Overview Business Profile Earnings & Analysis
Financials
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Quanta Services, Inc. (PWR) Debt to equity

Alert me on Debt to equity

Quanta Services, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.7×, down 0.0× from fiscal 2025 (0.7×). Over the past ten years it has ranged from 0.1× (fiscal 2016) to 0.7× (fiscal 2021); the current reading is higher than 73% of that period. That is above the Engineering & Construction industry median of 0.4× and above the Industrials sector median of 0.3×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.7× 16.92%
FY2024 0.6× (15.01%)
FY2023 0.7× (3.29%)
FY2022 0.7× (5.82%)
FY2021 0.7× 168.32%
FY2020 0.3× (18.92%)
FY2019 0.3× 9.91%
FY2018 0.3× 73.33%
FY2017 0.2× 63.89%
FY2016 0.1× (30.86%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.7× 5.03%
Jun 2026 0.6× (2.75%)
Mar 2026 0.6× (2.95%)
Dec 2025 0.7× (0.88%)
43 more quarters

Against its own ten years

Low 0.1× High 0.7×
Ten-year median 0.3×
Current reading's percentile 73

Debt to equity against peers

Company Debt to equity
EME EMCOR Group, Inc. compare 0.0×
FIX Comfort Systems USA, Inc. compare 0.0×
TTEK Tetra Tech, Inc. compare 0.4×
PWR Quanta Services, Inc. 0.7×
MTZ MasTec, Inc. compare 1.0×
APG APi Group Corporation compare 1.0×
J Jacobs Solutions Inc. compare 1.1×
ACM AECOM compare 1.1×
FER Ferrovial N.V. compare 1.4×
Engineering & Construction industry median 0.4×
Industrials sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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