PWR · Quanta Services, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $28.48B | $23.67B | $20.88B | $17.07B | $12.98B | $11.20B |
| Cost of Revenue | $24.20B | $20.16B | $17.95B | $14.54B | $11.03B | $9.54B |
| Gross Profit | $4.28B | $3.51B | $2.94B | $2.53B | $1.95B | $1.66B |
| R&D | - | - | - | - | - | - |
| SG&A | $2.19B | $1.82B | $1.56B | $1.34B | $1.16B | $975.07M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $411.54M | $359.36M | $324.79M | $290.65M | $255.53M | $225.26M |
| Operating Income | $1.61B | $1.35B | $1.13B | $872.06M | $663.52M | $611.37M |
| Interest Expense | $261.44M | $202.69M | $186.91M | $124.36M | $68.90M | $45.01M |
| Income Tax | $347.59M | $284.75M | $219.27M | $192.24M | $130.92M | $119.39M |
| Net Income | $1.03B | $904.82M | $744.69M | $491.19M | $485.96M | $445.60M |
| EPS - Basic | $6.91 | $6.16 | $5.13 | $3.42 | $3.45 | $3.15 |
| EPS - Diluted | $6.80 | $6.03 | $5.00 | $3.32 | $3.34 | $3.07 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $439.51M | $741.96M | $1.29B | $428.50M | $229.10M | $184.62M |
| Accounts Receivable | $6.85B | $5.17B | $4.41B | $3.67B | $3.40B | $2.72B |
| Inventory | $370.37M | $260.18M | $175.66M | $103.27M | $84.66M | $50.47M |
| Accounts Payable | $2.83B | $2.10B | $2.03B | $1.30B | $1.25B | $798.02M |
| Current Assets | $9.90B | $7.85B | $7.68B | $5.54B | $4.73B | $3.59B |
| Total Assets | $24.93B | $18.68B | $16.24B | $13.46B | $12.86B | $8.40B |
| Current Liabilities | $8.72B | $6.03B | $5.21B | $3.41B | $3.16B | $2.14B |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $15.90B | $11.35B | $9.95B | $8.07B | $7.74B | $4.05B |
| Stockholders' Equity | $8.94B | $7.32B | $6.27B | $5.38B | $5.11B | $4.34B |
| Retained Earnings | $6.67B | $5.71B | $4.86B | $4.16B | $3.71B | $3.26B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.23B | $2.08B | $1.58B | $1.13B | $582.39M | $1.12B |
| Investing Cash Flow | ($3.83B) | ($2.29B) | ($989.65M) | ($617.19M) | ($2.90B) | ($499.32M) |
| Financing Cash Flow | $1.27B | ($305.64M) | $268.50M | ($311.07M) | $2.36B | ($601.37M) |
| CapEx | $609.15M | $604.08M | $434.80M | $427.63M | $385.85M | $260.05M |
| Free Cash Flow | $1.62B | $1.48B | $1.14B | $702.68M | $196.54M | $855.92M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 15.0% | 14.8% | 14.1% | 14.8% | 15.0% | 14.8% |
| Operating margin | 5.7% | 5.7% | 5.4% | 5.1% | 5.1% | 5.5% |
| EBITDA margin | 7.1% | 7.2% | 7.0% | 6.8% | 7.1% | 7.5% |
| Net margin | 3.6% | 3.8% | 3.6% | 2.9% | 3.7% | 4.0% |
| Free cash flow margin | 5.7% | 6.2% | 5.5% | 4.1% | 1.5% | 7.6% |
| FCF / Net income | 1.58 | 1.63 | 1.53 | 1.43 | 0.40 | 1.92 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.7% | 7.7% | 7.4% | 7.8% | 8.9% | 8.7% |
| Effective tax rate | 25.3% | 23.9% | 22.7% | 28.1% | 21.2% | 21.1% |
| Return on assets | 4.1% | 4.8% | 4.6% | 3.6% | 3.8% | 5.3% |
| Return on equity | 11.5% | 12.4% | 11.9% | 9.1% | 9.5% | 10.3% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.14 | 1.30 | 1.47 | 1.63 | 1.50 | 1.68 |
| Quick ratio | 1.09 | 1.26 | 1.44 | 1.59 | 1.47 | 1.65 |
| Cash ratio | 0.05 | 0.12 | 0.25 | 0.13 | 0.07 | 0.09 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 6.2x | 6.6x | 6.0x | 7.0x | 9.6x | 13.6x |
| Equity multiplier | 2.79 | 2.55 | 2.59 | 2.50 | 2.51 | 1.93 |
| Liabilities / Assets | 0.64 | 0.61 | 0.61 | 0.60 | 0.60 | 0.48 |
| Efficiency | ||||||
| Asset turnover | 1.14 | 1.27 | 1.29 | 1.27 | 1.01 | 1.33 |
| Inventory turnover | 65.35 | 77.49 | 102.16 | 140.85 | 130.25 | 189.05 |
| Days sales outstanding | 88d | 80d | 77d | 79d | 96d | 88d |
| Days inventory outstanding | 6d | 5d | 4d | 3d | 3d | 2d |
| Days payable outstanding | 43d | 38d | 41d | 33d | 41d | 31d |
| Cash conversion cycle | 51d | 46d | 39d | 48d | 57d | 60d |
| Valuation | ||||||
| P / E | 62.1x | 52.4x | 43.2x | 42.9x | 34.3x | 23.5x |
| P / B | 7.1x | 6.5x | 5.1x | 3.9x | 3.3x | 2.4x |
| P / S | 2.2x | 2.0x | 1.5x | 1.2x | 1.3x | 0.9x |
| EV / EBITDA | 31.3x | 27.4x | 21.2x | 17.8x | 17.9x | 12.3x |
| Growth | ||||||
| Revenue growth (YoY) | 20.3% | 13.4% | 22.3% | 31.5% | 15.9% | -7.5% |
| Revenue CAGR (3y) | 18.6% | 22.2% | 23.1% | 12.1% | 19.3% | - |
| Revenue CAGR (5y) | 20.5% | 14.3% | 22.2% | - | - | - |
| Gross profit growth (YoY) | 21.8% | 19.5% | 16.1% | 29.5% | 17.6% | 3.8% |
| Operating income growth (YoY) | 19.7% | 19.4% | 29.3% | 31.4% | 8.5% | 10.2% |
| Net income growth (YoY) | 13.7% | 21.5% | 51.6% | 1.1% | 9.1% | 41.5% |
| EPS growth (YoY) | 12.8% | 20.6% | 50.6% | -0.6% | 8.8% | 12.5% |
| EPS CAGR (3y) | 27.0% | 21.8% | 17.7% | 6.7% | 20.7% | 34.6% |
| EPS CAGR (5y) | 17.2% | 17.2% | 21.4% | 21.4% | - | - |
| FCF growth (YoY) | 9.7% | 29.4% | 62.4% | 257.5% | -77.0% | 782.2% |
| FCF CAGR (5y) | 13.6% | 72.4% | 77.3% | 40.6% | 3.1% | 16.0% |
| Book value growth (YoY) | 22.1% | 16.7% | 16.5% | 5.3% | 17.7% | 7.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$28.48B totalElectric Power$23.00B · 80.8%
Underground And Infrastructure$5.48B · 19.2%
Geographic
$28.48B totalUS$26.48B · 93.0%
CA$1.02B · 3.6%
AU$779.53M · 2.7%
Other Countries$198.45M · 0.7%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.84
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Electrical Work
Comparing QUANTA SERVICES against the 3 most active filers in the same SIC group.
Dividends
$0.42/share trailing 12 months · +10.5% YoY
| Ex-date | Per share |
|---|---|
| Apr 2, 2026 | $0.1100 |
| Jan 2, 2026 | $0.1100 |
| Oct 1, 2025 | $0.1000 |
| Jul 1, 2025 | $0.1000 |
| Apr 3, 2025 | $0.1000 |
| Jan 2, 2025 | $0.1000 |
| Oct 1, 2024 | $0.0900 |
| Jul 1, 2024 | $0.0900 |
| Apr 8, 2024 | $0.0900 |
| Dec 29, 2023 | $0.0900 |
| Sep 29, 2023 | $0.0800 |
| Jun 30, 2023 | $0.0800 |
| Apr 6, 2023 | $0.0800 |
| Dec 30, 2022 | $0.0800 |
| Sep 30, 2022 | $0.0700 |
| Jun 30, 2022 | $0.0700 |
| Apr 8, 2022 | $0.0700 |
| Jan 3, 2022 | $0.0700 |
| Sep 30, 2021 | $0.0600 |
| Jun 30, 2021 | $0.0600 |
| Apr 5, 2021 | $0.0600 |
| Dec 31, 2020 | $0.0600 |
| Sep 30, 2020 | $0.0500 |
| Jun 30, 2020 | $0.0500 |