Quanta Services, Inc. (PWR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$3.31	$4.24	+28.1%	—	$9.6B	—
Q1 26	$2.44	$2.48	+1.6%	—	—	—
Q4 25	$1.66	$1.78	+7.2%	—	—	—
Q3 25	$2.62	$2.94	+12.2%	—	—	—
Q2 25	$2.69	$2.72	+1.1%	—	—	—
Q1 25	$1.9	$1.9	0.0%	—	—	—
Q4 24	$1.29	$1.41	+9.3%	—	—	—
Q3 24	$1.98	$2.04	+3.0%	—	—	—
Q2 24	$2.11	$2.24	+6.2%	—	—	—
Q1 24	$1.64	$1.65	+0.6%	—	—	—
Q4 23	$1.12	$1.24	+10.7%	—	—	—
Q3 23	$1.61	$1.68	+4.3%	—	—	—
Q2 23	$1.77	$1.77	0.0%	—	—	—
Q1 23	$1.53	$1.54	+0.7%	—	—	—
Q4 22	$1.21	$1.37	+13.2%	—	—	—
Q3 22	$1.41	$1.54	+9.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6.91	—	—	$28.5B	—
FY24	—	$6.16	—	—	$23.7B	—
FY23	—	$5.13	—	—	$20.9B	—
FY22	—	$3.42	—	—	$17.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$7.7B	$9.5B	$11.2B	$12.1B	$11.2B	$13B	$17.1B	$20.9B	$23.7B	$28.5B
YoY change	+1.04%	+23.7%	+18%	+8.42%	-7.51%	+15.9%	+31.5%	+22.3%	+13.4%	+20.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	7.7B	9.5B	11.2B	12.1B	11.2B	13B	17.1B	20.9B	23.7B	28.5B
Cost of revenue	6.6B	8.2B	9.7B	10.5B	9.5B	11B	14.5B	17.9B	20.2B	24.2B
Gross profit	1B	1.2B	1.5B	1.6B	1.7B	2B	2.5B	2.9B	3.5B	4.3B
Gross margin	13.3%	13.1%	13.2%	13.2%	14.8%	15%	14.8%	14.1%	14.8%	15%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	653.3M	777.9M	857.6M	956M	975.1M	1.2B	1.3B	1.6B	1.8B	2.2B
Operating expenses	653.3M	777.9M	857.6M	956M	975.1M	1.2B	1.3B	1.6B	1.8B	2.2B
Operating income	328.8M	431.7M	578.4M	582.2M	609.1M	631.9M	838.5M	1.1B	1.3B	1.6B
Operating margin	4.3%	4.56%	5.18%	4.81%	5.44%	4.87%	4.91%	5.23%	5.5%	5.57%
Non-operating income, net	-8.6M	-57.9M	-85.3M	56.1M	4.8M	56.7M	-12.8M	53.1M	79.3M	48.2M
Pretax income	307.7M	353.8M	457.7M	572.3M	571.3M	622.9M	703.9M	970M	1.2B	1.4B
Income tax	107.2M	35.5M	161.7M	165.5M	119.4M	130.9M	192.2M	219.3M	284.7M	347.6M
Net income	200.1M	318.2M	296M	406.8M	452M	492M	511.6M	750.7M	927.3M	1B
Net margin	2.62%	3.36%	2.65%	3.36%	4.03%	3.79%	3%	3.59%	3.92%	3.66%
EBITDA	532.5M	643.6M	779.3M	946.7M	927.3M	1.1B	1.5B	1.8B	2.2B	2.6B
EPS	1.26	2.02	1.92	2.76	3.15	3.45	3.42	5.13	6.16	6.91
Diluted EPS	1.26	2	1.9	2.73	3.07	3.34	3.32	5	6.03	6.8

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	5.6B	5.8B	5B	5.6B	6.5B	6.6B	6.2B	6.8B	7.6B	7.8B	7.9B	9.6B
Cost of revenue	4.8B	5B	4.4B	4.8B	5.5B	5.5B	5.4B	5.8B	6.4B	6.6B	6.8B	8B
Gross profit	847.3M	792.5M	623.5M	811.3M	1B	1.1B	834M	1B	1.2B	1.2B	1.1B	1.5B
Gross margin	15.1%	13.7%	12.4%	14.5%	15.6%	16.2%	13.4%	14.9%	15.9%	15.5%	14.1%	16.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	386.5M	399.9M	402.3M	432.4M	483.9M	506.2M	494M	528.4M	573M	593.9M	620.7M	698.5M
Operating expenses	386.5M	399.9M	402.3M	432.4M	483.9M	506.2M	494M	528.4M	573M	593.9M	620.7M	698.5M
Operating income	389.4M	317.4M	143.6M	299.8M	418.3M	441.4M	230.5M	366M	510.3M	480.2M	334.2M	689.7M
Operating margin	6.93%	5.49%	2.85%	5.36%	6.44%	6.74%	3.7%	5.4%	6.69%	6.12%	4.24%	7.22%
Non-operating income, net	7.2M	15.7M	36.6M	9.1M	15.9M	17.7M	8.8M	8.4M	20.2M	10.7M	-7.5M	-2.3M
Pretax income	351M	289.4M	147.2M	267.1M	381.4M	416.3M	188.8M	318.6M	462.4M	419.6M	256.4M	617.2M
Income tax	77.5M	75.8M	21.1M	75.2M	82.4M	106M	39.9M	85.1M	119.6M	103M	24.9M	157.6M
Net income	273.5M	213.6M	126.1M	191.9M	299M	310.3M	149M	233.5M	342.8M	316.6M	231.4M	459.6M
Net margin	4.87%	3.69%	2.51%	3.43%	4.61%	4.73%	2.39%	3.45%	4.49%	4.04%	2.94%	4.81%
EBITDA	552.2M	504.9M	355.3M	476.4M	642.9M	689.5M	455.2M	600.3M	778.1M	758.9M	605.2M	971.3M
EPS	1.88	1.45	0.81	1.28	1.99	2.06	0.97	1.54	2.28	2.11	1.47	3.01
Diluted EPS	1.83	1.42	0.79	1.26	1.95	2.03	0.96	1.52	2.24	2.08	1.45	2.96

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	6.1B	4.6B	5.9B	10.2B	16.1B	20.4B	31.3B	46.4B	62.8B	96.9B
Enterprise value	—	6.6B	5.6B	7.4B	11.5B	19.9B	24B	34.5B	50.2B	68.8B	103.8B
Shares outstanding	157.3M	156.1M	153M	145.7M	141.4M	140.8M	143.5M	145.2M	146.9M	148.8M	148.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	19.2	15.6	14.6	22.5	32.8	40	41.7	50.1	60.3	73.8
P/S	—	0.65	0.41	0.49	0.91	1.24	1.2	1.5	1.96	2.21	2.95
P/B	—	1.61	1.28	1.46	2.34	3.16	3.79	4.99	6.34	6.96	10.1
EV/EBITDA	—	10.3	7.23	7.84	12.3	17.7	16.1	19.4	23.2	26.5	34.1
EV/Sales	—	0.7	0.5	0.61	1.02	1.53	1.41	1.65	2.12	2.41	3.15
Earnings yield	—	5.21%	6.43%	6.86%	4.44%	3.05%	2.5%	2.4%	2%	1.66%	1.36%
FCF yield	—	2.08%	1.1%	4.46%	8.4%	1.22%	3.44%	3.64%	3.18%	2.58%	2.02%
PEG	—	—	—	—	—	—	—	—	—	—	0.77

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	13.3%	13.1%	13.2%	13.2%	14.8%	15%	14.8%	14.1%	14.8%	15%	16.2%
Operating margin	4.3%	4.56%	5.18%	4.81%	5.44%	4.87%	4.91%	5.23%	5.5%	5.57%	7.22%
Net margin	2.62%	3.36%	2.65%	3.36%	4.03%	3.79%	3%	3.59%	3.92%	3.66%	4.03%
ROE	5.99%	8.38%	8.21%	10%	10.4%	9.61%	9.48%	11.9%	12.7%	11.5%	15.3%
ROA	3.74%	4.91%	4.18%	4.88%	5.38%	3.83%	3.8%	4.62%	4.96%	4.18%	5.23%
ROIC	5.96%	8.97%	8.07%	7.46%	8.58%	5.61%	6.81%	8.94%	9.01%	7.93%	9.78%
Return on tangible assets	11.3%	14.4%	10.9%	11.8%	13.8%	22.4%	15.2%	13.8%	21.4%	23.3%	22.1%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.9	1.92	1.84	1.69	1.68	1.5	1.63	1.47	1.3	1.14	1.1
Quick ratio	1.83	1.87	1.78	1.67	1.65	1.47	1.59	1.44	1.26	1.09	1.05
Debt / equity	0.11	0.18	0.31	0.41	0.33	0.78	0.74	0.71	0.61	0.71	0.68
Debt / assets	0.07	0.1	0.16	0.2	0.17	0.31	0.3	0.27	0.24	0.26	0.23
Net debt / EBITDA	0.47	0.83	1.32	1.58	1.37	3.35	2.38	1.79	1.73	2.31	1.96
Interest coverage	21.7	17.9	13.4	9.56	13.7	10	6.66	6.19	6.98	6.31	6.96
Effective tax rate	34.9%	10%	35.3%	28.9%	20.9%	21%	27.3%	22.6%	23.5%	25%	23.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	48.6	60.6	73	83.1	79.2	92.2	119	143.8	161.1	191.4	219.9
EPS (basic)	1.26	2.02	1.92	2.76	3.15	3.45	3.42	5.13	6.16	6.91	6.91
EPS (diluted)	1.26	2	1.9	2.73	3.07	3.34	3.32	5	6.03	6.8	8.76
Book value per share	21.3	24.3	23.6	27.8	30.8	36.3	37.6	43.3	49.9	60.7	64.1
FCF per share	1.13	0.81	0.33	1.81	6.05	1.4	4.9	7.86	10.1	10.9	15.7
Cash per share	0.71	0.89	0.51	1.13	1.31	1.63	2.99	8.88	5.05	2.95	3.37
Capex per share	0.14	0.15	0.21	0.21	0.25	0.35	0.45	0.48	0.53	4.09	5.16

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.29%	0.25%	0.28%	0.26%	0.32%	0.38%	0.38%	0.33%	0.33%	2.14%	2.39%
Capex / operating cash flow	7.97%	6.97%	11.1%	4.79%	3.47%	8.51%	5.9%	7.99%	3.91%	27.3%	24.8%
Payout ratio	—	0%	0%	5.71%	6.39%	6.92%	8.02%	6.36%	5.84%	5.8%	4.92%
Dividend yield	—	0%	0%	0.39%	0.28%	0.21%	0.2%	0.15%	0.12%	0.1%	0.07%

Yield

0.07%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.11

ex-dividend Jul 1, 2026

Payout ratio

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 1, 2026	$0.11
Apr 2, 2026	$0.11
Jan 2, 2026	$0.11
Oct 1, 2025	$0.10
Jul 1, 2025	$0.10
Apr 3, 2025	$0.10
Jan 2, 2025	$0.10
Oct 1, 2024	$0.09

Split history

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$5.6B	$5.8B	$5B	$5.6B	$6.5B	$6.6B	$6.2B	$6.8B	$7.6B	$7.8B	$7.9B	$9.6B
YoY change	+26%	+31%	+13.6%	+10.8%	+15.5%	+13.3%	+23.9%	+21.1%	+17.5%	+19.7%	+26.3%	+41.1%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	112.2M	138.3M	78.7M	164.8M	184.6M	229.1M	428.5M	1.3B	742M	439.5M
Receivables	1.5B	2B	2.4B	2.7B	2.7B	3.4B	3.7B	4.4B	5.2B	6.8B
Inventory	88.5M	80.9M	107.7M	55.7M	50.5M	84.7M	103.3M	175.7M	260.2M	370.4M
Total current assets	2.3B	2.9B	3.3B	3.8B	3.6B	4.7B	5.5B	7.7B	7.9B	9.9B
Property, plant & equipment	1B	1.1B	1.1B	1.4B	1.6B	1.8B	1.9B	2.1B	2.5B	3.2B
Goodwill & intangibles	3.6B	4.3B	4.4B	4.9B	5.1B	10.7B	10.1B	10.8B	14.4B	20.4B
Total assets	5.4B	6.5B	7.1B	8.3B	8.4B	12.9B	13.5B	16.2B	18.7B	24.9B
Accounts payable	529.6M	632.9M	786.5M	798.7M	798M	1.3B	1.3B	2B	2.1B	2.8B
Short-term debt	7.6M	1.2M	65.6M	167.3M	99.9M	107.4M	111.5M	613.2M	156.8M	878.3M
Total current liabilities	1.2B	1.5B	1.8B	2.3B	2.1B	3.2B	3.4B	5.2B	6B	8.7B
Long-term debt	353.6M	670.7M	1B	1.5B	1.4B	3.9B	3.9B	3.9B	4.3B	5.5B
Total liabilities	2B	2.7B	3.5B	4.3B	4B	7.7B	8.1B	10B	11.4B	15.9B
Shareholders' equity	3.3B	3.8B	3.6B	4.1B	4.3B	5.1B	5.4B	6.3B	7.3B	9B
Total debt	361.1M	671.9M	1.1B	1.7B	1.5B	4B	4B	4.5B	4.5B	6.4B
Net debt	248.9M	533.7M	1B	1.5B	1.3B	3.8B	3.5B	3.2B	3.7B	6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	305.4M	1.3B	531.1M	518.1M	764.1M	742M	520.6M	509.5M	610.4M	439.5M	364.8M	506.4M
Receivables	4.3B	4.4B	4.1B	4.4B	5.1B	5.2B	5.3B	5.4B	6.4B	6.8B	7.6B	8.5B
Inventory	163.9M	175.7M	224.3M	235.1M	275.9M	260.2M	263.1M	286.9M	333.7M	370.4M	446.9M	469.9M
Total current assets	6.7B	7.7B	6.6B	6.9B	8B	7.9B	7.8B	8.2B	9.5B	9.9B	10.7B	11.9B
Property, plant & equipment	2.5B	2.1B	2.7B	2.7B	3B	2.5B	3.1B	3.2B	3.3B	3.2B	3.9B	4.2B
Goodwill & intangibles	10.5B	10.8B	11.4B	11.4B	14.5B	14.4B	15B	15.2B	18.1B	20.4B	20.3B	22.2B
Total assets	15.2B	16.2B	15.5B	15.9B	18.9B	18.7B	19.1B	19.9B	22.7B	24.9B	25.7B	28.3B
Accounts payable	2B	2B	1.8B	2B	2.3B	2.1B	2.2B	2.3B	2.8B	2.8B	2.9B	3.5B
Short-term debt	122.2M	613.2M	630.5M	633.9M	650.9M	156.8M	166.5M	187M	204.9M	878.3M	805.5M	808.4M
Total current liabilities	4.2B	5.2B	4.8B	5.3B	6.5B	6B	6B	6B	7B	8.7B	9.4B	10.8B
Long-term debt	4.1B	3.9B	3.4B	3.2B	4.4B	4.3B	4.6B	4.9B	5.8B	5.5B	5.5B	5.8B
Total liabilities	9.2B	10B	9.2B	9.3B	11.8B	11.4B	11.7B	12B	14.3B	15.9B	16.6B	18.5B
Shareholders' equity	6B	6.3B	6.4B	6.6B	7.1B	7.3B	7.5B	7.9B	8.4B	9B	9.1B	9.7B
Total debt	4.2B	4.5B	4B	3.8B	5B	4.5B	4.7B	5.1B	6B	6.4B	6.3B	6.6B
Net debt	3.9B	3.2B	3.5B	3.3B	4.2B	3.7B	4.2B	4.6B	5.4B	6B	6B	6.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	200.4M	318.2M	296M	406.8M	452M	492M	511.6M	750.7M	927.3M	1B
Depreciation & amortization	201.9M	216M	246.5M	280.2M	302M	420.9M	644.6M	613.8M	742.3M	910.3M
Stock-based compensation	42.8M	46.4M	52.5M	52M	91.6M	88.3M	105.6M	126.8M	150.5M	181.9M
Change in working capital	-155M	-209.7M	-360.3M	-96.3M	243.9M	-449.8M	-233.4M	-618.9M	153.4M	-398.5M
Operating cash flow	275.8M	335M	286.7M	650.1M	1B	584.1M	1.1B	867.8M	2B	2.2B
Capital expenditure	22M	23.3M	31.8M	31.1M	35.4M	49.7M	64.1M	69.3M	77.6M	-609.2M
Investing cash flow	-51.8M	-327.4M	-94.6M	-355.3M	-238.7M	-2.5B	-189.6M	-554.8M	-1.7B	-3.9B
Dividends paid	—	0	0	-23.2M	-28.9M	-34M	-41.1M	-47.8M	-54.2M	-60.4M
Share repurchases	0	-50M	-443.2M	-20.1M	-247.2M	-66.7M	-127.8M	-350K	0	-134.6M
Financing cash flow	-136.2M	227.7M	-16.6M	-5.8B	-4.8B	-1.9B	-9.6B	-17.5B	-305.6M	1.3B
Net change in cash	87.8M	235.3M	175.5M	-5.5B	-4B	-3.8B	-8.7B	-17.2B	-9.7M	-377.9M
Free cash flow	177.2M	127.2M	50.7M	264.3M	855.4M	196.5M	702.7M	1.1B	1.5B	1.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	273.5M	213.6M	126.1M	191.9M	299M	310.3M	149M	233.5M	342.8M	316.6M	231.4M	459.6M
Depreciation & amortization	152.8M	160.3M	166.4M	162.9M	200.4M	212.7M	207.7M	211.9M	237.1M	253.7M	265.7M	274.1M
Stock-based compensation	32.6M	32.1M	35.3M	37.3M	38.2M	39.7M	38.2M	44.1M	46.9M	52.8M	62.6M	63.4M
Change in working capital	-563.4M	593.8M	315.4M	-326.4M	-248.4M	377.8M	-94.6M	-155.3M	-816.4M	667.9M	-394.3M	-467.7M
Operating cash flow	-98.1M	991.5M	630.5M	66.1M	297.2M	957.3M	313M	295.7M	563.5M	1.1B	391.7M	1.1B
Capital expenditure	13M	21.4M	26.4M	28.8M	12.1M	10.4M	7.3M	-140.3M	-142.4M	-193.6M	-220.1M	-231M
Investing cash flow	-15.2M	-158.6M	-303.5M	-41.2M	-1.3B	-20.2M	-387.9M	-475M	-1.3B	-1.6B	-234.2M	-1.2B
Dividends paid	-11.6M	-11.7M	-13.7M	-13.3M	-13.8M	-13.4M	-15.5M	-14.9M	-15.1M	-15M	-17.2M	-16.5M
Share repurchases	0	-350K	—	—	—	—	-118.6M	-16M	0	0	0	0
Financing cash flow	-14.6B	-3.4B	-603M	-203.3M	-10.9B	-533.1M	52.4M	134.4M	844.7M	243.6M	-248.5M	86.1M
Net change in cash	-14.8B	-2.6B	-276M	-178.4M	-11.9B	404.1M	-22.6M	-44.9M	86M	-186.6M	-90.9M	22.7M
Free cash flow	266.8M	902.2M	154.8M	229.9M	527.4M	565M	110.4M	155.4M	421M	934M	171.7M	864.5M

Quanta Services, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement