Saturday 17 October 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. In the quarter to June 2026, revenue grew 41.1%, EPS grew 95.5%, free cash flow grew 405.6% and total debt rose 28.8%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three.

631.93 10.28 −1.60%

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Market cap: $96.6B
P/E: 71.2×
Fwd P/E: 71.8×
Dividend yield: 0.07%
F-score: 4/9
Altman Z: 4.16
Beneish M: −2.42
Dividend safety: 84/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 137.54

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	4	—	—	—	—	—	2	—	—	—	—	—

Insider Ownership 1.05%

Capital & Financial Ratios $m

Market Cap 96,550.00

Revenue 32,905.14

Net Income 1,350.44

Free Cash Flow 2,351.56

Net Debt 5,598.45

Current Ratio 1.10

Debt/Equity 0.63

P/E ratio 71.24

Fwd P/E 71.80

P/S ratio 2.88

P/B ratio 9.74

Past 5Y EPS Growth 17.24%

This Y EPS Growth 55.73%

Next Y EPS Growth 17.85%

Next Y revenue growth 38.94%

Next 5Y EPS Growth 29.34%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 94.40%

10-year low 10-year high

P/S against its own 10 years 95.13%

10-year low 10-year high

P/B against its own 10 years 96.13%

10-year low 10-year high

EV/Sales against its own 10 years 95.02%

10-year low 10-year high

EV/FCF against its own 10 years 66.49%

10-year low 10-year high

Dividends

Payout Ratio 0.05

Annual Dividend Rate 0.44

Annual Dividend Yield 0.07%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.44	0.11 0.11 0.11 0.11
2025	0.40	0.10 0.10 0.10 0.10
2024	0.27	0.09 0.09 0.09
2023	0.33	0.08 0.08 0.08 0.09
2022	0.36	0.07 0.07 0.07 0.07 0.08
2021	0.18	0.06 0.06 0.06
2020	0.21	0.05 0.05 0.05 0.06
2019	0.17	0.04 0.04 0.04 0.05
2018	0.04	0.04
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,290	742	440	506
Receivables	4,411	5,171	6,847	8,532
Inventory	176	260	370	470
Other	1,413	1,209	1,522	1,534
	7,677	7,851	9,903	11,860

	2023	2024	2025	Q'26
Payables	3,061	3,722	4,579	5,748
ST’ Debt	535	63	764	683
Other	1,539	2,149	3,258	4,242
	5,213	6,029	8,716	10,798

Compound Annual Growth %

	10y	5y	3y
Sales	14.16%	20.52%	18.60%
Cash Flow	13.50%	14.85%	25.42%
Earnings	12.71%	18.21%	27.93%
Book Value	11.33%	15.73%	18.69%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	7,875	9,557	—	—	—
’25	6,233	6,773	7,631	7,842	28,480
’24	5,032	5,594	6,493	6,553	23,673
’23	4,429	5,049	5,621	5,784	20,882
’22	3,966	4,232	4,460	4,417	17,074
’21	2,704	3,000	3,353	3,924	12,980
’20	2,764	2,506	3,020	2,912	11,203

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	392	1,095	—	—	—
’25	243	296	563	1,128	2,230
’24	238	391	740	712	2,081
’23	38	127	407	1,004	1,576
’22	85	119	343	583	1,130
’21	126	189	18	250	582
’20	228	497	115	276	1,116

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	172	899	—	—	—
’25	110	178	399	883	1,569
’24	155	230	527	643	1,555
’23	(32)	11	267	963	1,210
’22	(16)	14	212	556	766
’21	49	125	(41)	111	245
’20	164	457	70	199	891

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.45	2.96	—	—	—
’25	0.96	1.52	2.24	2.08	6.80
’24	0.79	1.26	1.95	2.03	6.03
’23	0.64	1.12	1.83	1.42	5.00
’22	0.57	0.59	1.06	1.10	3.32
’21	0.62	0.81	1.21	0.71	3.34
’20	0.26	0.52	1.13	1.17	3.07

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	16.77	30.23	27.90	29.39	23.77	67.60	93.91	134.61	187.27	227.08	Analyst estimates 2026–2028 Powerpack
	High	36.85	39.71	40.10	44.09	73.98	124.69	155.00	219.17	350.19	473.99
People
People	Employees	28,100	32,800	39,200	40,300	35,800	43,700	47,300	52,500	58,400	69,500
	Revenue/emp, $m	0.27	0.29	0.28	0.30	0.31	0.30	0.36	0.40	0.41	0.41
Income, $m
Income, $m	Revenue	7,651	9,466	11,171	12,112	11,203	12,980	17,074	20,882	23,673	28,480
	Gross margin, %	13.25	13.12	13.25	13.21	14.83	15.05	14.81	14.07	14.83	15.01
	EBT	308	354	458	572	571	623	704	970	1,212	1,390
	EBT margin, %	4.02	3.74	4.10	4.72	5.10	4.80	4.12	4.64	5.12	4.88
	Net income	200	318	296	407	452	492	512	751	927	1,042
	Depreciation	203	217	248	282	307	421	645	614	742	910
Per share, $
Per share, $	Revenue	48.65	60.63	73.03	83.13	79.24	92.17	118.99	143.80	161.12	191.41
	Earnings	1.26	2.02	1.92	2.76	3.15	3.45	3.42	5.13	6.16	6.91
	Cash flow	2.48	2.38	2.35	3.61	7.89	4.14	7.88	10.85	14.16	14.99
	Capex	(1.21)	(1.42)	(1.81)	(1.59)	(1.59)	(2.39)	(2.54)	(2.52)	(3.58)	(4.44)
	Free cash flow	1.27	0.96	0.54	2.03	6.30	1.74	5.34	8.34	10.58	10.55
	Book value	21.25	24.31	23.57	27.82	30.76	36.34	37.63	43.27	49.89	60.68
	Shares, m	157	156	153	146	141	141	143	145	147	149
Valuation, ×
Valuation, ×	P/E	27.06	19.52	15.60	14.75	22.72	33.23	40.99	40.79	51.47	61.17
	P/S	0.72	0.65	0.41	0.49	0.91	1.24	1.18	1.46	1.96	2.21
	P/B	1.64	1.61	1.28	1.46	2.34	3.16	3.74	4.84	6.34	6.96
	EV/Sales	0.75	0.70	0.50	0.59	1.00	1.52	1.38	1.59	2.11	2.40
	EV/FCF	28.74	44.36	68.24	24.15	12.56	80.33	30.69	27.55	32.11	43.61
Cash, $m
Cash, $m	Operating cash flow	391	372	359	527	1,116	582	1,130	1,576	2,081	2,230
	Capex	(191)	(221)	(276)	(231)	(225)	(337)	(365)	(365)	(526)	(661)
	Free cash flow	200	151	83	295	891	245	766	1,210	1,555	1,569
Balance, $m
Balance, $m	Working capital	1,084	1,378	1,520	1,568	1,450	1,568	2,130	2,464	1,823	1,187
	Total debt	361	672	1,106	1,367	1,189	3,754	3,730	4,199	4,162	5,995
	Net debt	249	534	1,027	1,202	1,004	3,525	3,301	2,908	3,420	5,555
	Shareholders’ equity	3,343	3,796	3,605	4,054	4,349	5,117	5,399	6,283	7,330	9,028
Returns, %
Returns, %	ROA	3.75	5.32	4.33	5.22	5.33	4.57	3.73	5.01	5.18	4.72
	ROIC	5.58	5.47	7.29	6.60	7.14	4.80	6.26	7.67	7.83	6.91
	ROE	6.17	8.82	7.93	10.50	10.61	10.27	9.34	12.75	13.29	12.57

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PWR Quanta Services, Inc.	$96.6B	71.2×	71.8×	+41.10% (above 0%: growing)	+95.45% (above 0%: growing)	+405.61% (above 0%: growing)	16.17%	7.27%
FIX Comfort Systems USA, Inc.	$52.1B	35.4×	42.7×	+50.26% (above 0%: growing)	+91.74% (above 0%: growing)	+349.76% (above 0%: growing)	25.85%	17.09%	Compare
FER Ferrovial N.V.	$35.2B	—	—	—	—	—	—	—	Compare
EME EMCOR Group, Inc.	$32.3B	22.3×	28.0×	+19.76% (above 0%: growing)	+34.87% (above 0%: growing)	+55.56% (above 0%: growing)	19.83%	10.62%	Compare
APG APi Group Corporation	$17.6B	— (loss-making)	36.8×	+13.27% (above 0%: growing)	+23.53% (above 0%: growing)	−12.90% (below 0%: shrinking)	31.19%	7.76%	Compare
J Jacobs Solutions Inc.	$16.6B	49.7×	28.3×	+34.46% (above 0%: growing)	−25.16% (below 0%: shrinking)	+59.31% (above 0%: growing)	19.89%	7.03%	Compare
MTZ MasTec, Inc.	$15.4B	30.1×	53.1×	+23.38% (above 0%: growing)	+51.82% (above 0%: growing)	−31.15% (below 0%: shrinking)	12.72%	5.17%	Compare
STRL Sterling Infrastructure, Inc.	$13.7B	30.1×	52.6×	+90.11% (above 0%: growing)	+118.03% (above 0%: growing)	+55.30% (above 0%: growing)	24.82%	18.77%	Compare
IESC IES Holdings, Inc.	$10.6B	22.1×	36.6×	+39.60% (above 0%: growing)	+98.70% (above 0%: growing)	−14.63% (below 0%: shrinking)	27.41%	14.37%	Compare
Median of peers	$17.1B	30.1×	36.8×	+34.46%	+51.82%	+55.30%	24.82%	10.62%

All 51 Engineering & Construction stocks →

Quanta Services, Inc. (PWR) key facts

Strength: Quanta Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $28.5 billion, up 20.3% from fiscal 2024.
Strength: Net income was $1.0 billion, or $6.91 per share (basic), a net margin of 3.61%.
Quanta Services, Inc. (PWR) is an Engineering & Construction company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, PWR traded at $631.93, a market capitalization of $96.6 billion.
At that price the stock trades at 71.2× trailing-twelve-month earnings and 2.9× sales; its P/E is higher than 94% of its own readings over the past ten years.
Quanta Services, Inc. pays an annual dividend of $0.44 per share, a yield of 0.07%, with a payout ratio of 5.04%.
Return on equity was 12.6% and debt-to-equity 0.63.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 4.16 (safe zone) for fiscal 2025.