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NYSE · Industrials

QUANTA SERVICES, INC. (PWR)

As-reported financials and SEC filings for QUANTA SERVICES, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About QUANTA SERVICES, INC.

Quanta Services, Inc. provides infrastructure solutions primarily for the electric and gas utility, power generation, communications, pipeline, and energy industries in the United States, Canada, Australia, and select international markets. The company offers design, engineering, procurement, construction, upgrade, repair, and maintenance services for electric power transmission and distribution networks, substations, renewable energy facilities, and large load centers such as data centers and industrial facilities. Quanta serves a diverse customer base including utilities, renewable energy companies, technology firms, and industrial clients.

Snapshot

Revenue
$28.48B
Revenue growth (YoY)
20.3%
Net income
$1.03B
Diluted EPS
$6.80
Gross margin
15.0%
Operating margin
5.7%
Net margin
3.6%
FCF margin
5.7%
ROE
11.4%
net income / fiscal-year-end equity
P/E
71.7×
trailing when available, otherwise FY EPS
Market cap
$94.26B
Long-term debt / equity
0.58×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Quanta Services

  • Revenue grew 20.3% to $28.5B in FY2025, faster than the 13.4% the year before.
  • Operating margin is 5.7% in FY2025, +0.5 pp against 5.1% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $9.6B, up 41.1% from Q2 FY2025.
  • Free cash flow was $1.6B in FY2025, 5.7% of revenue.
  • Net income rose 13.7% to $1.0B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Quanta Services’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin15.0%
22nd percentile of 466
Operating margin5.7%
52nd percentile of 605
Net margin3.6%
50th percentile of 645
FCF margin5.7%
54th percentile of 562
Revenue growth (YoY)+20.3%
84th percentile of 668
ROE11.4%
64th percentile of 600
P/E71.7×
92nd percentile of 435
Long-term debt / equity0.58×
58th percentile of 409
Short interest3.05d
47th percentile of 676

Quanta Services’s P/E of 71.7 ranks in the 92nd percentile of the 435 peers with a meaningful P/E.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
6
1 new, 5 added
Reduced / exited
4
2 trimmed, 2 exited
Combined position
$1.35B
reported long value
InvestorAs ofPosition valueSharesChange
Sands Capital ManagementQ2 2026$540.4M750.5KAdded
Citadel AdvisorsquantQ2 2026$455.1M632.0KAdded
Millennium ManagementquantQ2 2026$205.0M284.8KAdded
AQR Capital ManagementquantQ2 2026$104.1M145.9KAdded
Gotham Asset ManagementQ2 2026$33.1M46.0KAdded
D. E. ShawquantQ2 2026$4.6M6.3KReduced
Renaissance TechnologiesquantQ2 2026$4.3M6.0KNew
Two Sigma InvestmentsquantQ2 2026$2.6M3.6KReduced
First Eagle Investment ManagementQ2 2026$1.3M1.9KHeld

No longer held by: Bridgewater Associates (as of Q2 2026), Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
0
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-05
filed 2026-05-07
Austin Earl C. Jr.President and CEOSell30.5K$768.66$23.4M
2026-05-05
filed 2026-05-07
Austin Earl C. Jr.President and CEOSell27.4K$769.41$21.1M
2026-05-05
filed 2026-05-07
Austin Earl C. Jr.President and CEOSell21.3K$770.70$16.4M
2026-05-05
filed 2026-05-07
Austin Earl C. Jr.President and CEOSell10.7K$771.44$8.3M
2026-05-05
filed 2026-05-07
Austin Earl C. Jr.President and CEOSell7.8K$776.73$6.0M
2026-05-05
filed 2026-05-07
Austin Earl C. Jr.President and CEOSell6.4K$768.71$4.9M
2026-05-05
filed 2026-05-07
Austin Earl C. Jr.President and CEOSell5.5K$765.14$4.2M
2026-05-05
filed 2026-05-07
Austin Earl C. Jr.President and CEOSell5.3K$775.77$4.1M
2026-05-05
filed 2026-05-07
Austin Earl C. Jr.President and CEOSell5.3K$772.51$4.1M
2026-05-05
filed 2026-05-07
Austin Earl C. Jr.President and CEOSell4.8K$769.47$3.7M
2026-05-05
filed 2026-05-07
Austin Earl C. Jr.President and CEOSell4.6K$774.77$3.5M
2026-05-05
filed 2026-05-07
Austin Earl C. Jr.President and CEOSell4.4K$770.72$3.4M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.8M
settled 2026-08-14
Change vs prior
-10.9%
vs previous settlement
Days to cover
3.05
at avg daily volume
Avg daily volume
904.3K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.8M-10.9%3.05
2026-07-313.1M-2.2%2.38
2026-07-153.2M-5.0%3.14
2026-06-303.3M-12.3%1.78
2026-06-153.8M-2.2%3.52
2026-05-293.9M-11.5%3.19
2026-05-154.4M-11.1%3.43
2026-04-304.9M+5.0%4.60

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$28.48B$23.67B$20.88B$17.07B$12.98B
Gross profit$4.28B$3.51B$2.94B$2.53B$1.95B
Operating income$1.61B$1.35B$1.13B$872.1M$663.5M
Net income$1.03B$904.8M$744.7M$491.2M$486.0M
Diluted EPS$6.80$6.03$5.00$3.32$3.34

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$2.23B$2.08B$1.58B$1.13B$582.4M
Capital expenditure$609.2M$604.1M$434.8M$427.6M$385.9M
Free cash flow$1.62B$1.48B$1.14B$702.7M$196.5M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$9.56B41.1%$451.4M$2.96
Q1 FY2026$7.87B26.3%$220.6M$1.45
Q4 FY2025$7.84B19.7%$315.4M$2.08
Q3 FY2025$7.63B17.5%$339.4M$2.24
Q2 FY2025$6.77B21.1%$229.3M$1.52
Q1 FY2025$6.23B23.9%$144.3M$0.96
Q4 FY2024$6.55B13.3%$305.1M$2.03
Q3 FY2024$6.49B15.5%$293.2M$1.95

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryElectrical Work
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2013
SEC CIK1050915

Selected SEC filings

10-K2026-02-19
View on EDGAR →
10-K2025-02-20
View on EDGAR →
10-Q2026-07-30
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-07-31
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-08-04
View on EDGAR →

Largest Industrials peers

All Industrials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.