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Friday 6 November 2026 Export PWR’s income statement to Excel — free account

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
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Quanta Services, Inc. (PWR) Gross margin

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Quanta Services, Inc.'s gross margin over the twelve months to 30 September 2026 was 15.8%, up 0.7 percentage points from fiscal 2025 (15.0%). Over the past ten years it has ranged from 12.2% (fiscal 2015) to 15.1% (fiscal 2021); the current reading is higher than 91% of that period. That is below the Engineering & Construction industry median of 18.8% and below the Industrials sector median of 30.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 15.0% 0.18
FY2024 14.8% 0.76
FY2023 14.1% (0.74)
FY2022 14.8% (0.24)
FY2021 15.1% 0.22
FY2020 14.8% 1.62
FY2019 13.2% (0.04)
FY2018 13.3% 0.13
FY2017 13.1% (0.13)
FY2016 13.3% 1.05

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 16.7% 0.54
Jun 2026 16.2% 2.11
Mar 2026 14.1% (1.46)
Dec 2025 15.5% (0.42)
43 more quarters

Against its own ten years

Low 12.2% High 15.1%
Ten-year median 14.1%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
APG APi Group Corporation compare 31.1%
FIX Comfort Systems USA, Inc. compare 25.6%
J Jacobs Solutions Inc. compare 22.1%
EME EMCOR Group, Inc. compare 19.6%
TTEK Tetra Tech, Inc. compare 18.8%
PWR Quanta Services, Inc. 15.8%
MTZ MasTec, Inc. compare 12.7%
ACM AECOM compare 5.68%
FER Ferrovial N.V. compare —
Engineering & Construction industry median 18.8%
Industrials sector median 30.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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