Financials · PWR

Quanta Services Inc. (PWR) financials

For the twelve months ended Sep 30, 2026, Quanta Services Inc. reported $37.29B of revenue and $1.70B of net income.

Revenue, TTM
$37.29B
Revenue growth, YoY
+37.1%
Net income, TTM
$1.70B
Net income growth, YoY
+65.7%
Net margin
4.6%
Free cash flow, TTM
$3.16B
EPS, diluted, TTM
$11.04
EPS growth, YoY
+63.6%
Cash
$2.32B
Total debt
$6.99B
P/E
45.08
P/S
2.06
Market cap
$76.70B
Annual revenue$28.48B
FY2016FY2025
Annual net income$1.03B
FY2016FY2025
Annual free cash flow$1.62B
FY2016FY2025

PWR revenue and earnings growth

PWR revenueQ3 2026$12.01B

Quarter YoY
+57.4%
QoQ
+25.7%
FY YoY
+20.3%
5Y CAGR
+20.5%

PWR revenue was $12.01B in fiscal Q3 2026 (ended Sep 30, 2026), up 57.4% from a year earlier and up 25.7% from the prior quarter. For the full fiscal 2025 it was $28.48B, up 20.3% from fiscal 2024. Compound annual growth was +20.5% over 5 years. It rose in 8 of the last 9 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.

PWR net incomeQ3 2026$694.86M

Quarter YoY
+104.7%
QoQ
+51.2%
FY YoY
+13.7%
5Y CAGR
+18.2%
10Y CAGR
+12.7%

PWR net income was $694.86M in fiscal Q3 2026 (ended Sep 30, 2026), up 104.7% from a year earlier and up 51.2% from the prior quarter. For the full fiscal 2025 it was $1.03B, up 13.7% from fiscal 2024. Compound annual growth was +18.2% over 5 years and +12.7% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

PWR EPSQ3 2026$4.55

Quarter YoY
+103.1%
QoQ
+53.7%
FY YoY
+12.8%
5Y CAGR
+17.2%
10Y CAGR
+15.6%

PWR diluted EPS was $4.55 in fiscal Q3 2026 (ended Sep 30, 2026), up 103.1% from a year earlier and up 53.7% from the prior quarter. For the full fiscal 2025 it was $6.80, up 12.8% from fiscal 2024. Compound annual growth was +17.2% over 5 years and +15.6% over 10 years.

PWR free cash flowQ3 2026$1.19B

Quarter YoY
+181.6%
QoQ
+37.2%
FY YoY
+9.7%
5Y CAGR
+13.6%
10Y CAGR
+14.5%

PWR free cash flow was $1.19B in fiscal Q3 2026 (ended Sep 30, 2026), up 181.6% from a year earlier and up 37.2% from the prior quarter. For the full fiscal 2025 it was $1.62B, up 9.7% from fiscal 2024. Compound annual growth was +13.6% over 5 years and +14.5% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$28.48B$23.67B$20.88B$17.07B$12.98B$11.20B$12.11B$11.17B$9.47B$7.65B
Cost of revenue$24.20B$20.16B$17.95B$14.54B$11.03B$9.54B$10.51B$9.69B$8.22B$6.64B
Gross profit$4.28B$3.51B$2.94B$2.53B$1.95B$1.66B$1.60B$1.48B$1.24B$1.01B
Selling, general and admin$2.19B$1.82B$1.56B$1.34B$1.16B$975.07M$955.99M$857.57M$777.92M$653.34M
Operating income$1.61B$1.35B$1.13B$872.06M$663.52M$611.37M$554.87M$540.27M$378.85M$320.81M
Interest expense$261.44M$202.69M$186.91M$124.36M$68.90M$45.01M$66.89M$36.95M$20.95M$14.89M
Pre-tax income$1.39B$1.21B$969.96M$703.89M$622.90M$571.35M$572.29M$457.67M$353.76M$307.69M
Income tax$347.59M$284.75M$219.27M$192.24M$130.92M$119.39M$165.47M$161.66M$35.53M$107.25M
Net income$1.03B$904.82M$744.69M$491.19M$485.96M$445.60M$402.04M$293.35M$314.98M$198.38M
EPS, basic$6.91$6.16$5.13$3.42$3.45$3.15$2.76$1.92$2.02$1.26
EPS, diluted$6.80$6.03$5.00$3.32$3.34$3.07$2.73$1.90$2.00$1.26
Diluted shares151.3M150.1M148.8M148.0M145.4M145.2M147.5M154.2M157.2M157.3M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$439.51M$741.96M$1.29B$428.50M$229.10M$184.62M$164.80M$78.69M$138.28M$112.18M
Receivables$6.85B$5.17B$4.41B$3.67B$3.40B$2.72B$2.75B$2.35B$1.99B$1.50B
Inventory$370.37M$260.18M$175.66M$103.27M$84.66M$50.47M$55.72M$107.73M$80.89M$88.55M
Current assets$9.90B$7.85B$7.68B$5.54B$4.73B$3.59B$3.83B$3.33B$2.87B$2.29B
Goodwill$7.32B$5.32B$4.05B$3.59B$3.53B$2.12B$2.02B$1.90B$1.87B$1.60B
Total assets$24.93B$18.68B$16.24B$13.46B$12.86B$8.40B$8.33B$7.08B$6.48B$5.35B
Current liabilities$8.72B$6.03B$5.21B$3.41B$3.16B$2.14B$2.26B$1.81B$1.49B$1.21B
Short-term debt$763.90M$62.68M$535.20M$37.49M$29.17M$14.76M$74.87M$65.65M$1.22M$7.56M
Long-term debt$5.23B$4.10B$3.66B$3.69B$3.72B$1.17B$1.29B$1.04B$670.72M$353.56M
Total debt$5.99B$4.16B$4.20B$3.73B$3.75B$1.19B$1.37B$1.11B$671.94M$361.13M
Total liabilities$15.90B$11.35B$9.95B$8.07B$7.74B$4.05B$4.28B$3.47B$2.68B$2.01B
Shareholders' equity$8.94B$7.33B$6.28B$5.40B$5.12B$4.35B$4.05B$3.61B$3.80B$3.34B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$2.23B$2.08B$1.58B$1.13B$582.39M$1.12B$526.55M$358.79M$371.89M$390.75M
Capital expenditures$609.15M$604.08M$434.80M$427.63M$385.85M$260.05M$261.76M$293.60M$244.65M$212.56M
Free cash flow$1.62B$1.48B$1.14B$702.68M$196.54M$855.92M$264.79M$65.19M$127.24M$178.19M
Investing cash flow-$3.83B-$2.29B-$989.65M-$617.19M-$2.90B-$499.32M-$617.60M-$402.67M-$572.08M-$264.38M
Financing cash flow$1.27B-$305.64M$268.50M-$311.07M$2.36B-$601.37M$177.69M-$16.57M$227.76M-$133.84M
Dividends paid$60.42M$54.20M$47.75M$41.06M$34.02M$28.89M$23.24M$0$0-
Share repurchases$134.56M$0$350.0K$127.76M$66.69M$247.25M$20.09M$443.15M$50.00M$0
Stock-based compensation$181.95M$150.53M$126.76M$105.60M$88.26M$91.64M$52.01M$52.48M$46.45M$42.84M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY20.3%13.4%22.3%31.5%15.9%-7.5%8.4%18.0%23.7%-
Net income growth, YoY13.7%21.5%51.6%1.1%9.1%10.8%37.1%-6.9%58.8%-36.2%
EPS growth, YoY12.8%20.6%50.6%-0.6%8.8%12.5%43.7%-5.0%58.7%-20.8%
Gross margin15.0%14.8%14.1%14.8%15.0%14.8%13.2%13.2%13.1%13.3%
Operating margin5.7%5.7%5.4%5.1%5.1%5.5%4.6%4.8%4.0%4.2%
Net margin3.6%3.8%3.6%2.9%3.7%4.0%3.3%2.6%3.3%2.6%
Free cash flow margin5.7%6.2%5.5%4.1%1.5%7.6%2.2%0.6%1.3%2.3%
Return on equity11.5%12.3%11.9%9.1%9.5%10.2%9.9%8.1%8.3%5.9%
Return on assets4.1%4.8%4.6%3.6%3.8%5.3%4.8%4.1%4.9%3.7%
Current ratio1.141.301.471.631.501.681.691.841.921.90
Debt to equity0.670.570.670.690.730.270.340.310.180.11

Source: XBRL data Quanta Services Inc. files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

PWR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
PWR$37.29B+37.1%$1.70B4.6%$76.70B
FIX$12.54B+50.7%$1.63B13.0%$33.76B
EME$19.84B+22.1%$1.54B7.8%$26.06B
BBUC$27.46B-32.4%$387.00M1.4%$6.29B
IESC$3.99B+22.7%$456.11M11.4%$5.93B
AGX$1.19B+29.0%$179.31M15.1%$3.66B
LGN$3.75B+69.2%-$43.74M-1.2%$2.75B
AMRC$1.88B+12.2%$63.00M3.3%$1.02B
LMB$729.65M+20.9%$30.88M4.2%$639.3M

PWR FAQ

9 questions
  • What is PWR revenue?
    Quanta Services Inc. (PWR) reported $37.29B of revenue for the twelve months ended Sep 30, 2026. That is up 37.1% from the year before. Revenue for fiscal 2025 was $28.48B.
  • Is PWR profitable?
    Yes. Quanta Services Inc. earned $1.70B in net income for the twelve months ended Sep 30, 2026, a net margin of 4.6%.
  • How much cash and debt does PWR have?
    Quanta Services Inc. reported $2.32B in cash and cash equivalents and $6.99B of debt on its most recent balance sheet in SEC filings.
  • How fast is PWR revenue growing?
    Quanta Services Inc.'s revenue changed +20.3% in fiscal 2025, to $28.48B. Its compound annual growth rate was +20.5% over 5 years.
  • What is PWR gross margin?
    Quanta Services Inc.'s gross profit was $5.88B on $37.29B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 15.8%.
  • What is PWR free cash flow?
    Quanta Services Inc. generated $3.16B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $4.07B less capital expenditures.
  • What is PWR earnings per share?
    Diluted earnings per share were $11.04 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did PWR last report financial results?
    The latest statements here come from Quanta Services Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this PWR financial data come from?
    Quantisnow builds these statements from the structured XBRL data Quanta Services Inc. files with the SEC. It is provided for information only and is not investment advice.