Quanta Services Financials
Quanta Services (PWR) reported $32.9B in revenue over the twelve months to Jun 30, 2026, up 26.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Quanta’s asset expansion is concentrated in goodwill, while stable operating margins coexist with tighter working-capital liquidity.
Revenue rose20.3% from FY2024 while receivables rose32.4% , tying more of the expansion to collections rather than immediately realized cash. Current ratio fell from 1.3x to 1.1x, indicating that short-term obligations are compressing the liquidity cushion as the business grows.
Operating margin stability points to scale absorption rather than a dramatic change in unit economics: it held at
Total assets expanded
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Quanta Services's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Quanta Services has an operating margin of 5.7%, meaning the company retains $6 of operating profit per $100 of revenue. This strong profitability earns a score of 68/100, reflecting efficient cost management and pricing power. This is unchanged from the prior year.
Quanta Services's revenue surged 20.3% year-over-year to $28.5B, reflecting rapid business expansion. This strong growth earns a score of 78/100.
Quanta Services has a moderate D/E ratio of 0.59. This balance of debt and equity financing earns a leverage score of 32/100.
Quanta Services's current ratio of 1.14 is below the typical benchmark, resulting in a score of 26/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Quanta Services has a free cash flow margin of 5.7%, earning a moderate score of 51/100. The company generates positive cash flow after capital investments, but with room for improvement.
Quanta Services earns a strong 11.7% return on equity (ROE), meaning it generates $12 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 75/100. This is down from 12.7% the prior year.
Quanta Services scores 5.23, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($91.3B) relative to total liabilities ($15.9B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Quanta Services passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Quanta Services generates $2.14 in operating cash flow ($2.2B OCF vs $1.0B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Quanta Services earns $6.16 in operating income for every $1 of interest expense ($1.6B vs $261.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Quanta Services generated $28.5B in revenue in fiscal year 2025. This represents an increase of 20.3% from the prior year.
Quanta Services's EBITDA was $2.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.7% from the prior year.
Quanta Services reported $1.0B in net income in fiscal year 2025. This represents an increase of 12.4% from the prior year.
Quanta Services earned $6.80 per diluted share (EPS) in fiscal year 2025. This represents an increase of 12.8% from the prior year.
Cash & Balance Sheet
Quanta Services generated $1.6B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 9.7% from the prior year.
Quanta Services held $439.5M in cash against $5.2B in long-term debt as of fiscal year 2025.
Quanta Services paid $0.41 per share in dividends in fiscal year 2025. This represents an increase of 10.8% from the prior year.
Margins & Returns
Quanta Services's gross margin was 15.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
Quanta Services's operating margin was 5.7% in fiscal year 2025, reflecting core business profitability. That is unchanged from the prior year.
Quanta Services's net profit margin was 3.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.3 percentage points from the prior year.
Quanta Services's ROE was 11.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the prior year.
Capital Allocation
Quanta Services spent $134.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Quanta Services invested $609.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 0.8% from the prior year.
Not reported for fiscal year 2025.
PWR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.6B+21.4% | $7.9B+0.4% | $7.8B+2.8% | $7.6B+12.7% | $6.8B+8.7% | $6.2B-4.9% | $6.6B+0.9% | $6.5B |
| Cost of Revenue | $8.0B+18.4% | $6.8B+2.2% | $6.6B+3.3% | $6.4B+11.3% | $5.8B+6.8% | $5.4B | N/A | $5.5B |
| Gross Profit | $1.5B+39.5% | $1.1B-9.0% | $1.2B0.0% | $1.2B+20.7% | $1.0B+20.8% | $834.0M | N/A | $1.0B |
| SG&A Expenses | $698.5M+12.5% | $620.7M+4.5% | $593.9M+3.7% | $573.0M+8.4% | $528.4M+7.0% | $494.0M | N/A | $483.9M |
| Operating Income | $694.8M+105.1% | $338.8M-30.1% | $484.9M-6.2% | $517.2M+39.7% | $370.3M+54.9% | $239.1M-47.2% | $452.7M+5.0% | $431.2M |
| Interest Expense | $73.5M+0.4% | $73.3M-3.3% | $75.7M+5.5% | $71.8M+20.5% | $59.6M+9.7% | $54.3M | N/A | $60.0M |
| Income Tax | $157.6M+532.2% | $24.9M-75.8% | $103.0M-13.9% | $119.6M+40.5% | $85.1M+113.4% | $39.9M | N/A | $82.4M |
| Net Income | $451.4M+104.6% | $220.6M-32.9% | $329.0M-3.1% | $339.4M+48.1% | $229.3M+58.9% | $144.3M | N/A | $293.2M |
| EPS (Diluted) | $2.96+104.1% | $1.45-30.3% | $2.08-7.1% | $2.24+47.4% | $1.52+58.3% | $0.96-52.7% | $2.03+4.1% | $1.95 |
Not reported in any period shown, so not listed: R&D Expenses.
PWR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $28.3B+9.9% | $25.7B+3.3% | $24.9B+9.6% | $22.7B+14.3% | $19.9B+4.0% | $19.1B+2.4% | $18.7B-1.0% | $18.9B |
| Current Assets | $11.9B+11.3% | $10.7B+7.6% | $9.9B+4.6% | $9.5B+15.8% | $8.2B+4.4% | $7.8B-0.3% | $7.9B-2.4% | $8.0B |
| Cash & Equivalents | $506.4M+38.8% | $364.8M-17.0% | $439.5M-28.0% | $610.4M+19.8% | $509.5M-2.1% | $520.6M-29.8% | $742.0M-2.9% | $764.1M |
| Inventory | $469.9M+5.1% | $446.9M+20.7% | $370.4M+11.0% | $333.7M+16.3% | $286.9M+9.1% | $263.1M+1.1% | $260.2M-5.7% | $275.9M |
| Accounts Receivable | $8.5B+12.3% | $7.6B+11.0% | $6.8B+7.7% | $6.4B+18.0% | $5.4B+1.8% | $5.3B+2.3% | $5.2B+0.4% | $5.1B |
| Goodwill | $7.9B+6.3% | $7.4B+1.2% | $7.3B+9.2% | $6.7B+18.1% | $5.7B+2.0% | $5.6B+4.6% | $5.3B+0.6% | $5.3B |
| Total Liabilities | $18.5B+11.7% | $16.6B+4.4% | $15.9B+10.9% | $14.3B+19.3% | $12.0B+3.1% | $11.7B+2.7% | $11.4B-3.6% | $11.8B |
| Current Liabilities | $10.8B+15.1% | $9.4B+7.7% | $8.7B+23.7% | $7.0B+17.9% | $6.0B-0.1% | $6.0B-0.7% | $6.0B-7.6% | $6.5B |
| Long-Term Debt | $5.4B+4.2% | $5.2B-0.6% | $5.2B-5.4% | $5.5B+18.9% | $4.7B+6.7% | $4.4B+6.3% | $4.1B-0.8% | $4.1B |
| Total Equity | $9.6B+6.6% | $9.0B+1.2% | $8.9B+6.5% | $8.4B+6.8% | $7.9B+5.4% | $7.5B+1.9% | $7.3B+3.5% | $7.1B |
| Retained Earnings | $7.3B+6.3% | $6.9B+3.1% | $6.7B+4.7% | $6.4B+5.4% | $6.1B+3.7% | $5.8B+2.3% | $5.7B+5.4% | $5.4B |
PWR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.1B+179.6% | $391.7M-65.3% | $1.1B+100.1% | $563.5M+90.6% | $295.7M+21.6% | $243.2M-65.8% | $712.0M-3.8% | $739.9M |
| Capital Expenditures | $231.0M+4.9% | $220.1M+13.7% | $193.6M+35.9% | $142.4M+1.5% | $140.3M+5.7% | $132.8M-9.7% | $147.0M-30.8% | $212.5M |
| Free Cash Flow | $864.5M+403.6% | $171.7M-81.6% | $934.0M+121.8% | $421.0M+171.0% | $155.4M+40.7% | $110.4M-80.5% | $565.0M+7.1% | $527.4M |
| Investing Cash Flow | -$1.1B-413.7% | -$221.4M+85.7% | -$1.5B-18.4% | -$1.3B-183.8% | -$459.9M+11.7% | -$520.6M-211.4% | -$167.2M+89.1% | -$1.5B |
| Financing Cash Flow | $183.5M+173.9% | -$248.5M-202.0% | $243.6M-71.2% | $844.7M+528.5% | $134.4M+156.7% | $52.4M+109.8% | -$533.1M-151.6% | $1.0B |
| Dividends Paid | $16.5M-3.7% | $17.2M+14.2% | $15.0M-0.3% | $15.1M+1.4% | $14.9M-3.9% | $15.5M+15.2% | $13.4M-2.4% | $13.8M |
| Share Buybacks | $0 | $0 | $0 | $0-100.0% | $16.0M-86.5% | $118.6M | $0 | $0 |
PWR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.2%+2.1pp | 14.1%-1.5pp | 15.5%-0.4pp | 15.9%+1.1pp | 14.9%+1.5pp | 13.4% | N/A | 15.6% |
| Operating Margin | 7.3%+3.0pp | 4.3%-1.9pp | 6.2%-0.6pp | 6.8%+1.3pp | 5.5%+1.6pp | 3.8%-3.1pp | 6.9%+0.3pp | 6.6% |
| Net Margin | 4.7%+1.9pp | 2.8%-1.4pp | 4.2%-0.2pp | 4.5%+1.1pp | 3.4%+1.1pp | 2.3% | N/A | 4.5% |
| Return on Equity | 4.7%+2.2pp | 2.4%-1.2pp | 3.7%-0.4pp | 4.0%+1.1pp | 2.9%+1.0pp | 1.9% | N/A | 4.2% |
| Return on Assets | 1.6%+0.7pp | 0.9%-0.5pp | 1.3%-0.2pp | 1.5%+0.3pp | 1.1%+0.4pp | 0.8% | N/A | 1.6% |
| Current Ratio | 1.100.0x | 1.140.0x | 1.14-0.2x | 1.340.0x | 1.37+0.1x | 1.310.0x | 1.30+0.1x | 1.23 |
| Debt-to-Equity | 0.560.0x | 0.580.0x | 0.59-0.1x | 0.66+0.1x | 0.590.0x | 0.580.0x | 0.560.0x | 0.58 |
| FCF Margin | 9.0%+6.9pp | 2.2%-9.7pp | 11.9%+6.4pp | 5.5%+3.2pp | 2.3%+0.5pp | 1.8%-6.9pp | 8.6%+0.5pp | 8.1% |
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Where Quanta Services Ranks
Frequently Asked Questions
What is Quanta Services's annual revenue?
Quanta Services (PWR) reported $28.5B in total revenue for fiscal year 2025. This represents a 20.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Quanta Services's revenue growing?
Quanta Services (PWR) revenue grew by 20.3% year-over-year, from $23.7B to $28.5B in fiscal year 2025.
Is Quanta Services profitable?
Yes, Quanta Services (PWR) reported a net income of $1.0B in fiscal year 2025, with a net profit margin of 3.7%.
What is Quanta Services's EBITDA?
Quanta Services (PWR) had EBITDA of $2.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Quanta Services have?
As of fiscal year 2025, Quanta Services (PWR) had $439.5M in cash and equivalents against $5.2B in long-term debt.
What is Quanta Services's gross margin?
Quanta Services (PWR) had a gross margin of 15.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Quanta Services's operating margin?
Quanta Services (PWR) had an operating margin of 5.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Quanta Services's net profit margin?
Quanta Services (PWR) had a net profit margin of 3.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Quanta Services pay dividends?
Yes, Quanta Services (PWR) paid $0.41 per share in dividends during fiscal year 2025.
What is Quanta Services's return on equity (ROE)?
Quanta Services (PWR) has a return on equity of 11.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Quanta Services's free cash flow?
Quanta Services (PWR) generated $1.6B in free cash flow during fiscal year 2025. This represents a 9.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Quanta Services's operating cash flow?
Quanta Services (PWR) generated $2.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Quanta Services's total assets?
Quanta Services (PWR) had $24.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Quanta Services's capital expenditures?
Quanta Services (PWR) invested $609.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Quanta Services's current ratio?
Quanta Services (PWR) had a current ratio of 1.14 as of fiscal year 2025, which is considered adequate.
What is Quanta Services's debt-to-equity ratio?
Quanta Services (PWR) had a debt-to-equity ratio of 0.59 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Quanta Services's return on assets (ROA)?
Quanta Services (PWR) had a return on assets of 4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Quanta Services's Altman Z-Score?
Quanta Services (PWR) has an Altman Z-Score of 5.23, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Quanta Services's Piotroski F-Score?
Quanta Services (PWR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Quanta Services's earnings high quality?
Quanta Services (PWR) has an earnings quality ratio of 2.14x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Quanta Services cover its interest payments?
Quanta Services (PWR) has an interest coverage ratio of 6.16x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Quanta Services?
Quanta Services (PWR) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.