PWR

Quanta Services
D

PWR

Arincen70/100B

Quanta Services financials

Yes. Quanta Services earned 1.69B USD of net income over the last twelve months, 4.5% of its revenue. It made a profit in 26 of its 29 fiscal years since 1997. Its last loss was in fiscal year 2004.

Revenue (TTM)
37.29B USD
Net income (TTM)
1.69B USD
Free cash flow (TTM)
3.16B USD
Cash and short-term investments
2.32B USD
Total debt
7.51B USD
Shareholders' equity
10.54B USD

Cash, debt and equity as of 30 Sept 2026.

Quanta Services earnings

Next earnings · Q4 FY2026
EPS estimate
5.14 USD
Revenue estimate
12.01B USD
Last quarter · Q3 FY2026
EPS6.06Beat +20.7%Revenue12.01BBeat +8.9%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20287.86———15.02B———
Q2 FY20285.84———12.84B———
Q1 FY20284.11———11.13B———
Q4 FY20265.14——+62.66%12.01B——+53.14%
Q3 FY20265.026.06+20.72%+81.98%11.03B12.01B+8.89%+60.09%
Q2 FY20263.314.24+28.10%+70.97%8.61B9.56B+11.00%+41.10%
Q1 FY20262.042.68+31.37%+50.56%7.00B7.87B+12.47%+26.33%
Q4 FY20253.023.16+4.64%+7.48%7.36B7.84B+6.52%+19.66%
Q3 FY20253.253.33+2.46%+22.43%7.41B7.51B+1.33%+15.59%
Q2 FY20252.442.48+1.64%+30.53%6.57B6.77B+3.16%+21.07%

Quanta Services growth and profitability

Full income statement
Revenue (TTM)
37.29B USD
Net income (TTM)
1.69B USD
Gross margin
15.14%
Operating margin
6.81%
Net margin
4.54%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202528.35B+19.76%1.03B+13.66%13.03%5.77%3.63%2.58B+19.69%
FY202423.67B+13.36%904.82M+21.50%13.21%5.65%3.82%2.16B+21.82%
FY202320.88B+22.30%744.69M+51.61%12.68%5.43%3.57%1.77B+20.22%
FY202217.07B+31.54%491.19M+1.08%12.74%5.59%2.88%1.47B+32.37%
FY202112.98B+15.87%485.96M+9.06%13.77%5.23%3.74%1.11B+21.17%

How Quanta Services makes its money

Electric Power Infrastructure23.00B 81.1%
Underground Utility and Infrastructure Solutions5.48B 19.3%
Revenue28.35B 100.0%
Cost of revenue24.66B 87.0%
Gross profit3.69B 13.0%
Selling and administration2.06B 7.3%
Operating income1.64B 5.8%
Tax369.09M 1.3%
Other expense239.63M 0.8%
Net income1.03B 3.6%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Quanta Services revenue breakdown

By product

FY2025
Electric Power Infrastructure: 80.8%Underground Utility and Infrastructure Solutions: 19.2%80.8%Electric Power Infrastructure19.2%Underground Utility and Infrastructure Solutions
SegmentRevenueShare of revenueChange on the year
Electric Power Infrastructure23.00B80.8%+106.0%
Underground Utility and Infrastructure Solutions5.48B19.2%+17.5%

By region

FY2025
United States: 93.0%Canada: 3.6%Australia: 2.7%Non-US: 0.7%93.0%United States3.6%Canada2.7%Australia
RegionRevenueShare of revenueChange on the year
United States26.48B93.0%+22.6%
Canada1.02B3.6%-0.6%
Australia779.53M2.7%+16.9%
Non-US198.45M0.7%-46.9%

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY20252.23B1.62B
FY20242.08B1.48B
FY20231.58B1.14B
FY20221.13B701.53M
FY2021582.39M195.67M
FY20201.12B855.40M
FY2019526.55M264.28M
FY2018358.79M50.75M
FY2017372.48M127.82M
FY2016380.14M167.59M

Quanta Services financial health

Full balance sheet
Cash and short-term investments
2.32B USD
Total debt
7.51B USD
Net cash
-5.20B USD
Free cash flow (TTM)
3.16B USD
Current ratio
1.16
Debt to equity
0.71
Piotroski score
5 / 9
Altman Z-score
4.30

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025439.51M6.42B1.62B
FY2024741.96M4.48B1.48B
FY20231.29B4.46B1.14B
FY2022428.51M3.98B701.53M
FY2021229.10M4.00B195.67M

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY202524.93B15.90B8.94B
FY202418.68B11.35B7.32B
FY202316.24B9.95B6.27B
FY202213.46B8.07B5.38B
FY202112.86B7.74B5.11B
FY20208.40B4.05B4.34B
FY20198.33B4.28B4.05B
FY20187.08B3.47B3.60B
FY20176.48B2.68B3.79B
FY20165.35B2.01B3.34B

Quanta Services valuation

Price to earnings ratio (TTM)
53.03
Forward P/E (FY2026)
32.79
Price to sales (TTM)
2.40
Price to book
8.48
EV / EBITDA (TTM)
25.78

Capital structure

Market capitalization
89.33B USD
+
Total debt
7.51B USD
−
Cash and short-term investments
2.32B USD
=
Enterprise value
94.53B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)23.55————
FY2027 (est.)27.6123.55———
FY2026 (est.)32.7927.61———
Now (TTM)53.0328.192.408.4825.78
FY202561.4429.762.267.1627.11
FY202451.3129.761.966.3523.26
FY202342.0720.071.505.0019.49
FY202241.6720.071.203.8016.29
FY202133.2318.211.243.1617.90

Quanta Services against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Comfort Systems USA, EMCOR Group, APi Group, Jacobs Solutions, MasTec, and Tetra Tech, the US Engineering & Construction companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median53.0
    24.6106.6
  • Gross marginAt its median13.0%
    12.7%13.8%
    Against its peers: 6 of 7Peers' median 21.7%
  • Operating marginHighest in 5 years5.8%
    5.2%5.8%
    Against its peers: 6 of 7Peers' median 8.6%
  • Net marginAt its median3.6%
    2.9%3.8%
    Against its peers: 5 of 7Peers' median 4.2%
  • Return on equityAt its median11.5%
    9.1%12.4%
    Against its peers: 5 of 7Peers' median 13.1%
  • Free cash flow marginAbove its median5.7%
    1.5%6.2%
    Against its peers: 5 of 7Peers' median 7.5%
  • Revenue growthAt its median19.8%
    13.4%31.5%
    Against its peers: 2 of 7Peers' median 14.5%
  • EPS growthAt its median12.8%
    -0.6%50.6%
    Against its peers: 4 of 6Peers' median 31.0%
  • Debt to EBITDABelow its median2.49×
    2.08×3.60×
    Against its peers: 4 of 7Peers' median 2.29×
  • Current ratioLowest in 5 years1.14
    1.141.63
    Against its peers: 7 of 7Peers' median 1.26

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Quanta Services dividends

Annual dividend
0.44 USD
Dividend yield (indicated)
0.07%
Payout ratio
3.94%
Years of dividend growth
8
Frequency
Quarterly
Last payment
0.11 USD
Last ex-dividend date
1 Oct 2026
Last payment date
9 Oct 2026

Dividends per share

Year2025202420232022202120202019
Dividends per share0.400.360.320.280.240.200.16

Quanta Services ownership

Institutions
89.71%
Institutional holders
2,016 (+202)
Free float
99.09%

Who owns the shares

Institutions 89.7% Others 10.3%
As of 30 Jun 2026

Shares free to trade

Free float 149.31M shares ·99.1% Closely held 1.37M shares ·0.9%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q3 202600203.000.00
Q2 202602711.99K176.35K
Q1 202600157.57K69.48K
Q4 2025080.0035.90K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025151.68M151.68M+1.08%
FY2024146.93M150.06M+0.83%
FY2023145.22M148.82M+0.56%
FY2022143.49M147.99M+1.80%
FY2021140.82M145.37M+0.09%

Common questions about Quanta Services's financials

Source: Financial Modeling Prep