Stocks · Industrials · Electrical Work

Quanta Services

PWR Clue Score58
United States Fiscal year ends December CIK 0001050915
$705.94 +3.01% Close, 9 Oct 2026
Price $705.94 +536.56% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue7.65Operating income0.32Net income0.20EPS, diluted1.26Fiscal year 2017Revenue9.47 +23.7%Operating income0.38Net income0.31 +57.4%EPS, diluted2.00 +58.7%Fiscal year 2018Revenue11.17 +18.0%Operating income0.54Net income0.29 −6.9%EPS, diluted1.90 −5.0%Fiscal year 2019Revenue12.11 +8.4%Operating income0.55Net income0.40 +37.1%EPS, diluted2.73 +43.7%Fiscal year 2020Revenue11.20 −7.5%Operating income0.61Net income0.45 +10.8%EPS, diluted3.07 +12.5%Fiscal year 2021Revenue12.98 +15.9%Operating income0.66Net income0.49 +9.1%EPS, diluted3.34 +8.8%Fiscal year 2022Revenue17.07 +31.5%Operating income0.87Net income0.49 +1.1%EPS, diluted3.32 −0.6%Fiscal year 2023Revenue20.88 +22.3%Operating income1.13Net income0.74 +51.6%EPS, diluted5.00 +50.6%Fiscal year 2024Revenue23.67 +13.4%Operating income1.35Net income0.90 +21.5%EPS, diluted6.03 +20.6%Fiscal year 2025Revenue28.48 +20.3%Operating income1.61Net income1.03 +13.7%EPS, diluted6.80 +12.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 7.65 9.47 11.17 12.11 11.20 12.98 17.07 20.88 23.67 28.48
Growth +23.7% +18.0% +8.4% −7.5% +15.9% +31.5% +22.3% +13.4% +20.3%
Operating income 0.32 0.38 0.54 0.55 0.61 0.66 0.87 1.13 1.35 1.61
Net income 0.20 0.31 0.29 0.40 0.45 0.49 0.49 0.74 0.90 1.03
Growth +57.4% −6.9% +37.1% +10.8% +9.1% +1.1% +51.6% +21.5% +13.7%
EPS, diluted 1.26 2.00 1.90 2.73 3.07 3.34 3.32 5.00 6.03 6.80
Growth +58.7% −5.0% +43.7% +12.5% +8.8% −0.6% +50.6% +20.6% +12.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin13.3%Operating margin4.2%Net margin2.6%Free cash flow margin2.3%Fiscal year 2017Gross margin13.1%Operating margin4.0%Net margin3.3%Free cash flow margin1.3%Fiscal year 2018Gross margin13.2%Operating margin4.8%Net margin2.6%Free cash flow margin0.6%Fiscal year 2019Gross margin13.2%Operating margin4.6%Net margin3.3%Free cash flow margin2.2%Fiscal year 2020Gross margin14.8%Operating margin5.5%Net margin4.0%Free cash flow margin7.6%Fiscal year 2021Gross margin15.0%Operating margin5.1%Net margin3.7%Free cash flow margin1.5%Fiscal year 2022Gross margin14.8%Operating margin5.1%Net margin2.9%Free cash flow margin4.1%Fiscal year 2023Gross margin14.1%Operating margin5.4%Net margin3.6%Free cash flow margin5.5%Fiscal year 2024Gross margin14.8%Operating margin5.7%Net margin3.8%Free cash flow margin6.2%Fiscal year 2025Gross margin15.0%Operating margin5.7%Net margin3.6%Free cash flow margin5.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 13.3% 13.1% 13.2% 13.2% 14.8% 15.0% 14.8% 14.1% 14.8% 15.0%
Operating margin 4.2% 4.0% 4.8% 4.6% 5.5% 5.1% 5.1% 5.4% 5.7% 5.7%
Net margin 2.6% 3.3% 2.6% 3.3% 4.0% 3.7% 2.9% 3.6% 3.8% 3.6%
Free cash flow margin 2.3% 1.3% 0.6% 2.2% 7.6% 1.5% 4.1% 5.5% 6.2% 5.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.39Capital expenditure−0.21Free cash flow0.18Buybacks0.00Fiscal year 2017Operating cash flow0.37Capital expenditure−0.24Free cash flow0.13 −28.6%Buybacks−0.05Dividends paid0.00Fiscal year 2018Operating cash flow0.36Capital expenditure−0.29Free cash flow0.07 −48.8%Buybacks−0.44Dividends paid0.00Fiscal year 2019Operating cash flow0.53Capital expenditure−0.26Free cash flow0.26 +306.2%Buybacks−0.02Dividends paid−0.02Fiscal year 2020Operating cash flow1.12Capital expenditure−0.26Free cash flow0.86 +223.2%Buybacks−0.25Dividends paid−0.03Fiscal year 2021Operating cash flow0.58Capital expenditure−0.39Free cash flow0.20 −77.0%Buybacks−0.07Dividends paid−0.03Fiscal year 2022Operating cash flow1.13Capital expenditure−0.43Free cash flow0.70 +257.5%Buybacks−0.13Dividends paid−0.04Fiscal year 2023Operating cash flow1.58Capital expenditure−0.43Free cash flow1.14 +62.4%Buybacks−0.00Dividends paid−0.05Fiscal year 2024Operating cash flow2.08Capital expenditure−0.60Free cash flow1.48 +29.4%Buybacks0.00Dividends paid−0.05Fiscal year 2025Operating cash flow2.23Capital expenditure−0.61Free cash flow1.62 +9.7%Buybacks−0.13Dividends paid−0.06
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.39 0.37 0.36 0.53 1.12 0.58 1.13 1.58 2.08 2.23
Capital expenditure −0.21 −0.24 −0.29 −0.26 −0.26 −0.39 −0.43 −0.43 −0.60 −0.61
Free cash flow 0.18 0.13 0.07 0.26 0.86 0.20 0.70 1.14 1.48 1.62
Growth −28.6% −48.8% +306.2% +223.2% −77.0% +257.5% +62.4% +29.4% +9.7%
Buybacks 0.00 −0.05 −0.44 −0.02 −0.25 −0.07 −0.13 −0.00 0.00 −0.13
Dividends paid n/a 0.00 0.00 −0.02 −0.03 −0.03 −0.04 −0.05 −0.05 −0.06

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.11Total debt0.36Net cash (debt)−0.25Shareholders’ equity3.34Debt to equity0.11Fiscal year 2017Cash0.14Total debt0.67Net cash (debt)−0.53Shareholders’ equity3.79Debt to equity0.18Fiscal year 2018Cash0.08Total debt1.07Net cash (debt)−0.99Shareholders’ equity3.60Debt to equity0.30Fiscal year 2019Cash0.16Total debt0.07Net cash (debt)0.10Shareholders’ equity4.05Debt to equity0.02Fiscal year 2020Cash0.18Total debt0.01Net cash (debt)0.17Shareholders’ equity4.34Debt to equity0.00Fiscal year 2021Cash0.23Total debt0.01Net cash (debt)0.22Shareholders’ equity5.11Debt to equity0.00Fiscal year 2022Cash0.43Shareholders’ equity5.38Fiscal year 2023Cash1.29Shareholders’ equity6.27Fiscal year 2024Cash0.74Shareholders’ equity7.32Fiscal year 2025Cash0.44Total debt0.76Net cash (debt)−0.32Shareholders’ equity8.94Debt to equity0.09
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.11 0.14 0.08 0.16 0.18 0.23 0.43 1.29 0.74 0.44
Total debt 0.36 0.67 1.07 0.07 0.01 0.01 n/a n/a n/a 0.76
Net cash (debt) −0.25 −0.53 −0.99 0.10 0.17 0.22 n/a n/a n/a −0.32
Shareholders’ equity 3.34 3.79 3.60 4.05 4.34 5.11 5.38 6.27 7.32 8.94
Debt to equity 0.11 0.18 0.30 0.02 0.00 0.00 n/a n/a n/a 0.09

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
7.65 9.47 11.17 12.11 11.20 12.98 17.07 20.88 23.67 28.48
Growth +23.7% +18.0% +8.4% −7.5% +15.9% +31.5% +22.3% +13.4% +20.3%
6.64 8.22 9.69 10.51 9.54 11.03 14.54 17.95 20.16 24.20
1.01 1.24 1.48 1.60 1.66 1.95 2.53 2.94 3.51 4.28
Growth +22.5% +19.2% +8.1% +3.8% +17.6% +29.5% +16.1% +19.5% +21.8%
0.65 0.78 0.86 0.96 0.98 1.16 1.34 1.56 1.82 2.19
0.32 0.38 0.54 0.55 0.61 0.66 0.87 1.13 1.35 1.61
Growth +18.1% +42.6% +2.7% +10.2% +8.5% +31.4% +29.3% +19.4% +19.7%
0.31 0.35 0.46 0.57 0.57 0.62 0.70 0.97 1.21 1.39
0.11 0.04 0.16 0.17 0.12 0.13 0.19 0.22 0.28 0.35
0.20 0.31 0.29 0.40 0.45 0.49 0.49 0.74 0.90 1.03
Growth +57.4% −6.9% +37.1% +10.8% +9.1% +1.1% +51.6% +21.5% +13.7%
Per share
1.26 2.02 1.92 2.76 3.15 3.45 3.42 5.13 6.16 6.91
1.26 2.00 1.90 2.73 3.07 3.34 3.32 5.00 6.03 6.80
Growth +58.7% −5.0% +43.7% +12.5% +8.8% −0.6% +50.6% +20.6% +12.8%
157.3 156.1 153.0 145.7 141.4 140.8 143.5 145.2 146.9 148.8
157.3 157.2 154.2 147.5 145.2 145.4 148.0 148.8 150.1 151.3
Growth −0.1% −1.9% −4.3% −1.6% +0.1% +1.8% +0.6% +0.8% +0.8%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 20.5% a year over five years, and earnings per share grew 17.2% a year.
  • The diluted share count rose 4.2% in five years, which is dilution.
  • Operating margin is flat at 5.7%.
  • Profitable in every one of the 10 years on file.