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PWR QUANTA SERVICES, INC.

NYSEIndustrialsElectrical WorkHouston, TXFY ends December 31

New 8-K: Filed an 8-K current report in the last 7 days.Profitable 5/5: Fiscal years with net income above zero, out of the last five reported.FY2025 10-K filed Feb 19, 2026 (SEC EDGAR)

FY2025 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$28.5BYoYup 20.31%ended Dec 31, 2025
Net income
$1.03B3.6% margin
Diluted EPS
$6.80YoYup 12.77%
Free cash flow
$1.62B5.7% margin
Cash
$440MNet debt $5.56B
Total debt
$5.99BD/E 0.67×
About QUANTA SERVICES, INC.

Overview

QUANTA SERVICES, INC. (PWR) is listed on NYSE; the SEC classifies it under "Electrical Work".

For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $28.48B, up 20.3% from fiscal 2024.

Net income was $1.03B, a net margin of 3.6%.

At fiscal year end it had total assets of $24.93B and stockholders' equity of $8.94B (35.9% of assets).

Fiscal years shown
FY2016–FY2025 (10 years)
Latest 10-K
Feb 19, 2026
Latest filing
10-QOct 29, 2026
FY2016–FY2025 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2016 to FY2025.
PeriodRevenueNet incomeNet margin
FY2016———
FY2017———
FY2018$11.2B——
FY2019$12.1B$402M3.3%
FY2020$11.2B$446M4.0%
FY2021$13B$486M3.7%
FY2022$17.1B$491M2.9%
FY2023$20.9B$745M3.6%
FY2024$23.7B$905M3.8%
FY2025$28.5B$1.03B3.6%

Gross, operating and net margin

Gross, operating and net margin, fiscal years FY2016 to FY2025.
PeriodGross marginOperating marginNet margin
FY2016———
FY2017———
FY201813.2%4.8%—
FY201913.2%4.6%3.3%
FY202014.8%5.5%4.0%
FY202115.0%5.1%3.7%
FY202214.8%5.1%2.9%
FY202314.1%5.4%3.6%
FY202414.8%5.7%3.8%
FY202515.0%5.7%3.6%

Diluted EPS

Diluted EPS, fiscal years FY2016 to FY2025.
PeriodEPS (diluted)
FY2016—
FY2017$2.00
FY2018$1.90
FY2019$2.73
FY2020$3.07
FY2021$3.34
FY2022$3.32
FY2023$5.00
FY2024$6.03
FY2025$6.80

Free cash flow vs net income

Free cash flow vs net income, fiscal years FY2016 to FY2025.
PeriodFree cash flowNet income
FY2016——
FY2017——
FY2018——
FY2019$265M$402M
FY2020$856M$446M
FY2021$197M$486M
FY2022$703M$491M
FY2023$1.14B$745M
FY2024$1.48B$905M
FY2025$1.62B$1.03B

Diluted shares

Diluted shares, fiscal years FY2016 to FY2025.
PeriodDiluted shares (weighted)
FY2016157M
FY2017157M
FY2018154M
FY2019148M
FY2020145M
FY2021145M
FY2022148M
FY2023149M
FY2024150M
FY2025151M

Cash vs total debt

Cash vs total debt, fiscal years FY2016 to FY2025.
PeriodCash & equivalentsTotal debt
FY2016$112M$361M
FY2017$138M$672M
FY2018$78.7M$1.11B
FY2019$165M$1.37B
FY2020$185M$1.19B
FY2021$229M$3.75B
FY2022$429M$3.73B
FY2023$1.29B$4.2B
FY2024$742M$4.16B
FY2025$440M$5.99B

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2025 · 5-year trend

Ratios

Profitability

Gross margin
15.0%
Operating margin
5.7%
Net margin
3.6%
FCF margin
5.7%
Return on equity
12.7%
Return on assets
4.7%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR5y CAGR
Revenueup 20.31%up 18.60%up 20.52%
EPS (diluted)up 12.77%up 27.00%up 17.24%
Free cash flowup 9.73%up 32.13%up 13.62%
Change in share count
+0.82%

Financial strength

Current ratio
1.14×
Debt / equity
0.67×
Liabilities / assets
63.8%
Net debt
$5.56B
Interest coverage
6.16×
Equity / assets
35.9%

Shareholder returns

Dividends per share
$0.41
Dividends paid
$60.4M
Buybacks
$135M
Payout ratio
5.9%
Stock comp. / revenue
0.6%
Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

6 of 9 checks passed

FY2025 vs FY2024

  • PassPositive return on assets5.5%
  • PassPositive operating cash flow$2.23B
  • FailReturn on assets improved5.5% vs 5.6%
  • PassOperating cash flow above net income11.9% vs 5.5%
  • PassLong-term debt / assets fell21.0% vs 21.9%
  • FailCurrent ratio improved1.14× vs 1.3×
  • FailNo increase in share count151M vs 150M
  • PassGross margin improved15.0% vs 14.8%
  • PassAsset turnover improved1.52× vs 1.46×

Altman Z''-Score

Grey zone (1.10–2.60)

FY2025

Altman Z''-Score: Components
ComponentsRatioWeightPoints
Working capital / assets0.048×6.560.31
Retained earnings / assets0.268×3.260.87
Operating income / assets0.065×6.720.43
Equity / liabilities0.562×1.050.59
Z''2.21

Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Last 10 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Revenue28,48023,67320,88217,07412,98011,20312,11211,171——
YoY (Revenue)+20.31%+13.36%+22.30%+31.54%+15.87%-7.51%+8.42%———
Gross profit4,2753,5112,9372,5291,9531,6611,6001,4801,2421,014
Selling, general & admin.2,1891,8251,5551,3371,156975956858778653
Operating income1,6121,3461,128872664611555540379321
Interest expense26120318712468.94566.936.920.914.9
Pretax income1,3901,212970704623571572458354308
Income tax34828521919213111916516235.5107
Net income1,028905745491486446402———
YoY (Net income)+13.66%+21.50%+51.61%+1.08%+9.06%+10.83%————
EPS (basic)6.916.165.133.423.453.152.761.922.02—
EPS (diluted)6.806.035.003.323.343.072.731.902.00—
YoY (EPS (diluted))+12.77%+20.60%+50.60%-0.60%+8.79%+12.45%+43.68%-5.00%——
Diluted shares (weighted)151150149148145145148154157157

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Cash & equivalents4407421,29042922918516578.7138112
Receivables6,8475,1714,4113,6753,4002,7162,7482,3551,9851,500
Inventory37026017610384.750.555.710880.988.5
Current assets9,9037,8517,6775,5364,7333,5883,8313,3262,8702,289
Goodwill7,3175,3164,0463,5873,5292,1212,0231,9001,8691,603
Intangible assets2,9061,8611,3621,4591,801436414280263187
Total assets24,92718,68416,23713,46412,8558,3988,3327,0766,4805,354
Current liabilities8,7166,0295,2133,4063,1652,1392,2631,8061,4921,205
Short-term debt76462.753537.529.214.874.965.61.227.56
Long-term debt5,2314,1003,6643,6923,7241,1741,2921,041671354
Total liabilities15,89911,3549,9548,0667,7384,0494,2783,4702,6852,011
Retained earnings6,6745,7074,8584,1633,7153,2652,8542,4772,1911,876
Stockholders' equity8,9387,3186,2725,3835,1124,3444,0503,6043,7923,339
Shares outstanding150148146143143138143—153145

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Operating cash flow2,2302,0811,5761,1305821,116527———
Capital expenditures609604435428386260262294245213
Free cash flow1,6211,4771,141703197856265———
YoY (Free cash flow)+9.73%+29.44%+62.40%+257.53%-77.04%+223.25%————
Stock-based compensation18215112710688.391.65252.546.442.8
Share repurchases13500.3512866.724720.144350—
Dividends paid60.454.247.841.13428.923.2———
Dividends per share0.410.370.330.290.250.210.17———
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2025 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$6.80
Revenue per share
$188.24
FCF per share
$10.71
Book value per share
$59.08
Tangible book per share
-$8.49
Cash per share
$2.91
Dividends per share
$0.41
Public floatas of Jun 30, 2025
$55.8B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2025)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 10-QNew
    Quarterly report· Sep 30, 2026(SEC EDGAR)
  2. 8-KNew
    Current report· Oct 29, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  3. 8-K
    Current report· Sep 9, 2026(SEC EDGAR)
    • 5.02Officer or director changes
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  4. 8-K
    Current report· Aug 6, 2026(SEC EDGAR)
    • 1.01Material agreement
    • 2.03New financial obligation
    • 9.01Financial statements and exhibits
  5. 8-K
    Current report· Aug 3, 2026(SEC EDGAR)
    • 1.01Material agreement
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  6. 10-Q
    Quarterly report· Jun 30, 2026(SEC EDGAR)
  7. 8-K
    Current report· Jul 30, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  8. 8-K
    Current report· May 21, 2026(SEC EDGAR)
    • 5.07Shareholder vote results
    • 8.01Other events
    • 9.01Financial statements and exhibits
  9. 10-Q
    Quarterly report· Mar 31, 2026(SEC EDGAR)
  10. 8-K
    Current report· Apr 30, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
All filings on SEC EDGAR

Frequently asked questions

What does QUANTA SERVICES, INC. do?

The SEC classifies QUANTA SERVICES, INC. under Standard Industrial Classification (SIC) code 1731, "Electrical Work". It is headquartered in Houston, TX. It is incorporated in DE. In fiscal 2025 it reported revenue of $28.48B and net income of $1.03B in its annual 10-K report.

What was QUANTA SERVICES, INC.'s revenue in 2025?

QUANTA SERVICES, INC. reported revenue of $28.48B for fiscal 2025, which ended Dec 31, 2025, up 20.3% from $23.67B in fiscal 2024, according to its annual 10-K report filed with the SEC on Feb 19, 2026.

What was QUANTA SERVICES, INC.'s net income in 2025?

QUANTA SERVICES, INC. reported net income of $1.03B for fiscal 2025, a net margin of 3.6% of revenue.

Where is QUANTA SERVICES, INC. listed?

According to the SEC, QUANTA SERVICES, INC.'s ticker PWR is listed on NYSE.

When does QUANTA SERVICES, INC.'s fiscal year end?

According to the SEC, QUANTA SERVICES, INC.'s fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.

Source: SEC EDGAR · Last updated:

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Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.