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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. 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%
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 (above 35: high)
Fwd P/E 71.80 (above 35: high)
P/S ratio 2.88
P/B ratio 9.74 (above 6: high)
Past 5Y EPS Growth 17.24% (at or above 15%: strong)
This Y EPS Growth 55.73% (at or above 15%: strong)
Next Y EPS Growth 17.85% (at or above 15%: strong)
Next Y revenue growth 38.94% (at or above 10%: strong)
Next 5Y EPS Growth 29.34% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.1×, against a ten-year median of 1.3×; over the ten years it ranged from 0.5× in 2020 to 3.8× in 2026.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Quanta Services, Inc. vs peers in Engineering & Construction (Q) = latest quarter vs a year earlier

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 →

PWR metrics, ten years each

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.

Source: company filings (standardised) and stockrow calculations.

Quanta Services, Inc. (PWR) Latest News

31 Jul

Impact 5 ·

3 Nov

Impact 5 ·
stockrow.com/PWR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com