NYSE : PWR
Quanta Services, Inc. — Financial statements
Industrials · Engineering & Construction · United States
Last price 620.73 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 93.53B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Quanta Services, Inc. (PWR) reported revenue of 37.29B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 37.29B | 28.48B | 23.67B | 20.88B | 17.07B | 12.98B |
| Cost of Revenue | 31.41B | 24.20B | 20.16B | 17.95B | 14.54B | 11.03B |
| Gross Profit | 5.88B | 4.28B | 3.51B | 2.94B | 2.53B | 1.95B |
| Selling, General & Admin | 2.70B | 2.19B | 1.82B | 1.56B | 1.34B | 1.16B |
| Amortization of Goodwill & Intangibles | 640.83M | 498.80M | 382.96M | 289.01M | 353.97M | 165.37M |
| Operating Expenses | 3.34B | 2.69B | 2.21B | 1.84B | 1.69B | 1.32B |
| Operating Income | 2.54B | 1.59B | 1.30B | 1.09B | 838.47M | 631.94M |
| Interest Expense | -306.55M | -261.44M | -202.69M | -186.91M | -124.36M | -68.90M |
| Interest & Investment Income | 20.29M | 15.70M | 32.40M | 10.83M | 2.61M | 3.19M |
| Earnings From Equity Investments | 31.80M | 46.46M | 53.13M | 42.91M | 52.47M | 44.06M |
| Currency Exchange Gain (Loss) | -2.70M | -2.70M | 5.60M | |||
| Other Non Operating Income (Expenses) | 107.00K | 35.41M | 32.00M | 16.76M | -46.41M | 25.09M |
| EBT Excluding Unusual Items | 2.28B | 1.42B | 1.22B | 976.52M | 722.76M | 635.38M |
| Gain (Loss) on Sale of Investments | 205.00K | 205.00K | 7.50M | |||
| Gain (Loss) on Sale of Assets | -11.90M | |||||
| Asset Writedown | -14.46M | -5.74M | ||||
| Other Unusual Items | -46.04M | -31.20M | -7.06M | -6.57M | -4.42M | -6.73M |
| Pretax Income | 2.24B | 1.39B | 1.21B | 969.96M | 703.89M | 622.90M |
| Income Tax Expense | 523.17M | 347.59M | 284.75M | 219.27M | 192.24M | 130.92M |
| Earnings From Continuing Operations | 1.71B | 1.04B | 927.28M | 750.69M | 511.64M | 491.98M |
| Net Income to Company | 1.71B | 1.04B | 927.28M | 750.69M | 511.64M | 491.98M |
| Minority Interest in Earnings | -32.19M | -13.54M | -22.46M | -6.00M | -20.45M | -6.03M |
| Net Income | 1.68B | 1.03B | 904.82M | 744.69M | 491.19M | 485.96M |
| Net Income to Common | 1.68B | 1.03B | 904.82M | 744.69M | 491.19M | 485.96M |
| Shares Outstanding (Basic) | 149.98M | 148.79M | 146.93M | 145.22M | 143.49M | 140.82M |
| Shares Outstanding (Diluted) | 152.24M | 151.29M | 150.06M | 148.82M | 147.99M | 145.37M |
| EPS (Basic) | 11.22 | 6.91 | 6.16 | 5.13 | 3.42 | 3.45 |
| EPS (Diluted) | 11.05 | 6.80 | 6.03 | 5.00 | 3.32 | 3.34 |
| Free Cash Flow | 3.05B | 1.52B | 1.48B | 1.14B | 702.68M | 196.54M |
| Free Cash Flow Per Share | 20.05 | 10.03 | 9.84 | 7.67 | 4.75 | 1.35 |
| Dividend Per Share | 0.44 | 0.41 | 0.37 | 0.33 | 0.29 | 0.25 |
| Gross Margin | 15.76% | 15.01% | 14.83% | 14.06% | 14.81% | 15.05% |
| Operating Margin | 6.81% | 5.57% | 5.50% | 5.23% | 4.91% | 4.87% |
| Profit Margin | 4.51% | 3.61% | 3.82% | 3.57% | 2.88% | 3.74% |
| Free Cash Flow Margin | 8.19% | 5.33% | 6.24% | 5.46% | 4.12% | 1.51% |
| EBITDA | 3.64B | 2.50B | 2.05B | 1.71B | 1.48B | 1.05B |
| EBITDA Margin | 9.77% | 8.77% | 8.64% | 8.17% | 8.69% | 8.11% |
| D&A For EBITDA | 1.10B | 910.33M | 742.32M | 613.80M | 644.62M | 420.89M |
| EBIT | 2.54B | 1.59B | 1.30B | 1.09B | 838.47M | 631.94M |
| EBIT Margin | 6.81% | 5.57% | 5.50% | 5.23% | 4.91% | 4.87% |
| Effective Tax Rate | 23.38% | 25.01% | 23.49% | 22.61% | 27.31% | 21.02% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.32B | 439.51M | 741.96M | 1.29B | 428.50M | 229.10M |
| Cash & Short-Term Investments | 2.32B | 439.51M | 741.96M | 1.29B | 428.50M | 229.10M |
| Accounts Receivable | 11.86B | 8.37B | 6.38B | 5.82B | 4.75B | 4.20B |
| Other Receivables | 200.00K | 800.00K | 300.00K | 300.00K | 400.00K | |
| Receivables | 11.86B | 8.37B | 6.38B | 5.82B | 4.76B | 4.20B |
| Inventory | 480.51M | 370.37M | 260.18M | 175.66M | 103.27M | 84.66M |
| Prepaid Expenses | 705.96M | 722.63M | 465.85M | 383.15M | 245.51M | 212.81M |
| Restricted Cash | 1.43M | 2.69M | 3.65M | 3.76M | 1.84M | |
| Other Current Assets | 347.95M | |||||
| Total Current Assets | 15.71B | 9.90B | 7.85B | 7.68B | 5.54B | 4.73B |
| Property, Plant & Equipment | 4.38B | 3.86B | 3.00B | 2.59B | 2.26B | 2.16B |
| Long-Term Investments | 411.68M | 241.62M | 178.10M | 211.22M | 254.72M | |
| Goodwill | 8.08B | 7.32B | 5.32B | 4.05B | 3.59B | 3.53B |
| Other Intangible Assets | 3.17B | 2.91B | 1.86B | 1.36B | 1.46B | 1.80B |
| Long-Term Accounts Receivable | 394.80M | 228.70M | 143.60M | 78.70M | 136.20M | 93.90M |
| Long-Term Deferred Charges | 10.10M | |||||
| Other Long-Term Assets | 1.02B | 303.67M | 270.49M | 308.83M | 275.32M | 273.52M |
| Total Assets | 32.75B | 24.93B | 18.68B | 16.24B | 13.46B | 12.86B |
| Accounts Payable | 4.26B | 2.83B | 2.10B | 2.03B | 1.30B | 1.25B |
| Accrued Expenses | 2.93B | 1.75B | 1.47B | 1.03B | 851.04M | 1.00B |
| Short-Term Debt | 15.70M | |||||
| Current Portion of Long-Term Debt | 639.34M | 676.36M | 39.73M | 520.09M | 21.03M | 2.53M |
| Current Portion of Leases | 129.78M | 201.92M | 117.11M | 93.11M | 90.52M | 89.19M |
| Current Unearned Revenue | 5.54B | 3.26B | 2.15B | 1.54B | 1.14B | 802.87M |
| Other Current Liabilities | 152.03M | |||||
| Total Current Liabilities | 13.49B | 8.72B | 6.03B | 5.21B | 3.41B | 3.16B |
| Long-Term Debt | 6.08B | 5.03B | 3.92B | 3.54B | 3.62B | 3.68B |
| Long-Term Leases | 665.78M | 514.03M | 402.95M | 314.42M | 242.18M | 215.99M |
| Long-Term Deferred Tax Liabilities | 541.02M | 502.63M | 353.27M | 254.00M | 227.86M | 191.10M |
| Other Long-Term Liabilities | 1.35B | 1.14B | 650.28M | 636.25M | 567.52M | 487.31M |
| Total Liabilities | 22.13B | 15.90B | 11.35B | 9.95B | 8.07B | 7.74B |
| Common Stock | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K |
| Additional Paid-In Capital | 4.76B | 4.28B | 3.44B | 3.00B | 2.72B | 2.62B |
| Retained Earnings | 7.99B | 6.67B | 5.71B | 4.86B | 4.16B | 3.71B |
| Treasury Stock | -1.88B | -1.71B | -1.46B | -1.31B | -1.19B | -980.26M |
| Comprehensive Income & Other | -335.08M | -307.21M | -372.71M | -282.94M | -310.68M | -237.69M |
| Total Common Equity | 10.54B | 8.94B | 7.32B | 6.27B | 5.38B | 5.11B |
| Minority Interest | 86.19M | 89.62M | 11.99M | 11.11M | 15.36M | 4.62M |
| Shareholders' Equity | 10.62B | 9.03B | 7.33B | 6.28B | 5.40B | 5.12B |
| Total Liabilities & Equity | 32.75B | 24.93B | 18.68B | 16.24B | 13.46B | 12.86B |
| Total Debt | 7.51B | 6.42B | 4.48B | 4.46B | 3.98B | 4.00B |
| Net Cash (Debt) | -5.20B | -5.98B | -3.74B | -3.17B | -3.55B | -3.77B |
| Net Cash Per Share | -34.14 | -39.52 | -24.90 | -21.32 | -23.97 | -25.96 |
| Filing Date Shares Outstanding | 150.68M | 149.62M | 148.20M | 145.75M | 144.00M | 142.69M |
| Total Common Shares Outstanding | 150.63M | 149.58M | 147.68M | 145.51M | 142.93M | 142.63M |
| Working Capital | 2.21B | 1.19B | 1.82B | 2.46B | 2.13B | 1.57B |
| Book Value Per Share | 69.94 | 59.76 | 49.55 | 43.11 | 37.66 | 35.84 |
| Tangible Book Value | -715.87M | -1.29B | 140.75M | 863.92M | 338.09M | -217.76M |
| Tangible Book Value Per Share | -4.75 | -8.59 | 0.95 | 5.94 | 2.37 | -1.53 |
| Land | 158.27M | 134.59M | 102.84M | 90.72M | 86.01M | |
| Buildings | 619.81M | 514.89M | 456.00M | 396.00M | 318.50M | |
| Machinery | 4.30B | 3.65B | 3.36B | 3.01B | 2.86B | |
| Construction In Progress | 287.43M | 125.68M | 73.02M | 84.45M | 91.50M | |
| Order Backlog | 43.98B | 34.54B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.68B | 1.03B | 904.82M | 744.69M | 491.19M | 485.96M |
| Depreciation & Amortization | 1.10B | 910.33M | 742.32M | 613.80M | 644.62M | 420.89M |
| Loss (Gain) From Sale of Investments | 91.50M | |||||
| Loss (Gain) on Equity Investments | -19.24M | -28.68M | ||||
| Stock-Based Compensation | 246.76M | 181.95M | 150.53M | 126.76M | 105.60M | 88.26M |
| Provision & Write-off of Bad Debts | 34.89M | |||||
| Other Operating Activities | 74.61M | 93.33M | 37.36M | 28.08M | 46.36M | 38.75M |
| Change in Accounts Receivable | -3.13B | -1.07B | -172.38M | -918.73M | -660.66M | -580.40M |
| Change in Inventory | -160.75M | -121.74M | -39.52M | 2.82M | -19.33M | |
| Change in Accounts Payable | 1.88B | 654.96M | 52.42M | 771.85M | 144.22M | 95.83M |
| Change in Unearned Revenue | 2.68B | 824.45M | 373.62M | 293.11M | 336.11M | 47.16M |
| Change in Other Net Operating Assets | -315.09M | -270.23M | 32.02M | -86.43M | -30.05M | -20.28M |
| Operating Cash Flow | 4.07B | 2.23B | 2.08B | 1.58B | 1.13B | 582.39M |
| Capital Expenditures | -1.02B | -712.52M | -604.08M | -434.80M | -427.63M | -385.85M |
| Sale of Property, Plant & Equipment | 60.31M | 51.92M | 77.64M | 69.35M | 64.12M | 49.72M |
| Cash Acquisitions | -2.36B | -3.05B | -1.75B | -651.62M | -195.09M | -2.45B |
| Investment in Securities | -32.64M | -131.89M | -52.63M | 34.74M | -57.45M | -109.91M |
| Other Investing Activities | 5.56M | 13.64M | 30.48M | -7.31M | -1.15M | -867.00K |
| Investing Cash Flow | -3.35B | -3.83B | -2.29B | -989.65M | -617.19M | -2.90B |
| Long-Term Debt Issued | 54.52B | 21.12B | 18.18B | 9.30B | 6.80B | |
| Total Debt Issued | 62.33B | 54.52B | 21.12B | 18.18B | 9.30B | 6.80B |
| Long-Term Debt Repaid | -52.78B | -21.21B | -17.77B | -9.32B | -4.27B | |
| Total Debt Repaid | -61.01B | -52.78B | -21.21B | -17.77B | -9.32B | -4.27B |
| Net Debt Issued (Repaid) | 1.32B | 1.74B | -92.07M | 408.66M | -23.36M | 2.54B |
| Repurchase of Common Stock | -189.37M | -246.85M | -155.55M | -120.14M | -210.35M | -131.64M |
| Common Dividends Paid | -65.93M | -60.42M | -54.20M | -47.75M | -41.06M | -34.02M |
| Other Financing Activities | -97.20M | -162.02M | -3.82M | 27.73M | -36.30M | -11.43M |
| Financing Cash Flow | 968.92M | 1.27B | -305.64M | 268.50M | -311.07M | 2.36B |
| Foreign Exchange Rate Adjustments | 17.62M | 22.83M | -30.27M | 7.03M | -723.00K | 425.00K |
| Net Cash Flow | 1.71B | -303.19M | -549.03M | 861.83M | 201.33M | 45.08M |
| Free Cash Flow | 3.05B | 1.52B | 1.48B | 1.14B | 702.68M | 196.54M |
| Free Cash Flow Margin | 8.19% | 5.33% | 6.24% | 5.46% | 4.12% | 1.51% |
| Free Cash Flow Per Share | 20.05 | 10.03 | 9.84 | 7.67 | 4.75 | 1.35 |
| Levered Free Cash Flow | 3.08B | 819.69M | 1.53B | 898.21M | 401.93M | 394.37M |
| Unlevered Free Cash Flow | 3.27B | 983.10M | 1.65B | 1.02B | 479.65M | 437.44M |
| Cash Interest Paid | 273.17M | 217.36M | 166.33M | 175.78M | 106.05M | 52.74M |
| Cash Income Tax Paid | 347.20M | 347.20M | 131.16M | 242.04M | 103.29M | 112.07M |
| Change in Working Capital | 962.34M | 15.98M | 246.17M | 62.62M | -229.72M | -457.68M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 93.53B | 62.94B | 46.65B | 31.35B | 20.36B | 16.34B |
| Enterprise Value | 98.73B | 68.35B | 50.91B | 35.30B | 24.32B | 17.84B |
| Last Close Price | 620.73 | 421.73 | 315.42 | 215.16 | 141.83 | 113.80 |
| PE Ratio | 56.17 | 61.20 | 51.56 | 42.10 | 41.46 | 33.62 |
| Forward PE | 30.19 | 35.30 | 31.48 | 26.43 | 21.24 | 19.16 |
| PS Ratio | 2.51 | 2.21 | 1.97 | 1.50 | 1.19 | 1.26 |
| PB Ratio | 8.87 | 6.97 | 6.37 | 4.99 | 3.77 | 3.19 |
| P/TBV Ratio | 331.45 | 36.29 | 60.23 | |||
| P/FCF Ratio | 30.64 | 41.48 | 31.58 | 27.47 | 28.98 | 83.13 |
| P/OCF Ratio | 22.99 | 28.22 | 22.42 | 19.89 | 18.02 | 28.05 |
| PEG Ratio | 1.16 | 2.17 | 3.15 | 3.30 | 2.65 | 2.40 |
| EV/Sales Ratio | 2.65 | 2.40 | 2.15 | 1.69 | 1.42 | 1.37 |
| EV/EBITDA Ratio | 27.10 | 27.37 | 24.89 | 20.68 | 16.39 | 16.95 |
| EV/EBIT Ratio | 38.86 | 43.07 | 39.07 | 32.30 | 29.00 | 28.23 |
| EV/FCF Ratio | 32.34 | 45.04 | 34.47 | 30.94 | 34.60 | 90.78 |
| Debt / Equity Ratio | 0.71 | 0.71 | 0.61 | 0.71 | 0.74 | 0.78 |
| Debt / EBITDA Ratio | 1.37 | 1.55 | 1.31 | 1.53 | 1.56 | 2.12 |
| Debt / FCF Ratio | 2.46 | 4.23 | 3.03 | 3.91 | 5.66 | 20.36 |
| Net Debt / Equity Ratio | 0.49 | 0.66 | 0.51 | 0.51 | 0.66 | 0.74 |
| Net Debt / EBITDA Ratio | 1.43 | 2.39 | 1.83 | 1.86 | 2.39 | 3.58 |
| Net Debt / FCF Ratio | 1.70 | 3.94 | 2.53 | 2.78 | 5.05 | 19.20 |
| Asset Turnover | 1.34 | 1.31 | 1.36 | 1.41 | 1.30 | 1.22 |
| Inventory Turnover | 77.16 | 76.77 | 92.52 | 128.67 | 154.79 | 163.20 |
| Quick Ratio | 1.05 | 1.01 | 1.18 | 1.36 | 1.52 | 1.40 |
| Current Ratio | 1.16 | 1.14 | 1.30 | 1.47 | 1.62 | 1.50 |
| Return on Equity (ROE) | 18.02% | 12.74% | 13.62% | 12.85% | 9.73% | 10.39% |
| Return on Assets (ROA) | 5.72% | 4.55% | 4.66% | 4.60% | 3.98% | 3.72% |
| Return on Invested Capital (ROIC) | 12.30% | 9.13% | 9.71% | 9.19% | 6.83% | 6.88% |
| Return on Capital Employed (ROCE) | 13.20% | 9.80% | 10.30% | 9.90% | 8.30% | 6.50% |
| Earnings Yield | 1.78% | 1.63% | 1.94% | 2.38% | 2.41% | 2.97% |
| FCF Yield | 3.26% | 2.41% | 3.17% | 3.64% | 3.45% | 1.20% |
| Dividend Yield | 0.07% | 0.10% | 0.12% | 0.15% | 0.20% | 0.22% |
| Payout Ratio | 3.98% | 5.88% | 5.99% | 6.41% | 8.36% | 7.00% |
| Buyback Yield / Dilution | -0.84% | -0.82% | -0.83% | -0.56% | -1.80% | -0.09% |
| Total Shareholder Return | -0.77% | -0.73% | -0.71% | -0.41% | -1.60% | 0.13% |