Here are the 10-K annual reports from Quanta Services, Inc. (PWR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow PWR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PWR filings page.
Quanta Services files its annual report describing a large infrastructure services business focused on electric, gas, communications and industrial markets across the U.S., Canada, Australia and select international regions. It reports a public float of $55.8 billion as of June 30, 2025 and 149,619,428 common shares outstanding as of February 16, 2026.
The company reorganized into two reportable segments in 2025: Electric Infrastructure Solutions and Underground Utility and Infrastructure Solutions. About 7.0% of 2025 revenue came from foreign operations, and its customer mix was roughly 70% Utility and Power, 17% Energy and Other, and 13% Technology, Manufacturing and Communications.
Quanta details a multi‑year acquisition strategy, including the purchases of Dynamic Systems in 2025 for mechanical, plumbing and process solutions and Cupertino Electric, Inc. in 2024 for electrical infrastructure services, along with numerous smaller U.S. and international deals that expand civil, data center, utility and manufacturing capabilities.
The company highlights a decentralized, labor‑intensive model with approximately 69,500 employees, significant union representation, and extensive training assets such as Northwest Lineman College and the Quanta Advanced Training Center. It emphasizes material risks from project execution, wildfires and other operational hazards, insurance costs, climate‑related physical impacts, regulatory changes, supply chain constraints and macroeconomic conditions, but also notes long‑term demand drivers such as grid modernization, renewable generation, data centers, electrification and gas infrastructure integrity.