Infrastructure contractor focused on electric transmission, grid modernization, and energy construction tied to long-cycle power demand growth.MoreShow less
Profile & Fundamentals
Quanta Services (PWR.NYSE) Profile & Fundamentals
Review Quanta Services reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
Quanta Services: Company Profile & Ownership
Quanta Services, Inc. offers infrastructure solutions for the electric and gas utility, power generation, load center, manufacturing, communications, pipeline, and energy industries. The company's Electric Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings. This segment offers aviation; emergency aerial firefighting services; emergency restoration; and other engineering and technical services; design and construction solutions to wireline and wireless communications, cable multi-system operators, technology companies, and other customers; engineering, procurement, new construction, and repair and maintenance services for renewable generation facilities; and training for electric workers, as well as training for the gas distribution and communications industries. Its Underground Utility and Infrastructure Solutions segment is involved in the transportation, distribution, storage, development, and processing of natural gas, oil, and other products, as well as owns and operates large load centers. This segment also engages in the design, engineering, procurement, construction, upgrade, and repair and maintenance services for natural gas systems; pipeline protection, integrity testing, rehabilitation, and replacement services; and catalyst replacement, high-pressure and critical-path turnaround, instrumentation and electrical, piping, fabrication, and storage tank services. The company was formerly known as Fabal Construction, Inc. and changed its name to Quanta Services, Inc. in November 1997. The company was incorporated in 1997 and is headquartered in Houston, Texas.
Company profile record
Quanta Services Inc
Common Stock · Industrials · Construction & Engineering
Company
- Company / asset
- Quanta Services Inc
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Construction & Engineering
- HQ
- 🇺🇸 United States
- Head office
- 2727 North Loop West, Houston, TX, United States, 77008
Leadership & scale
- Chief executive
- Mr. Earl C. Austin Jr.
- CEO year born
- 1970
- Full-time employees
- 69.5K
- Fiscal year end
- December
- IPO date
- 1998-02-12
Fundamentals snapshot
- Market Cap
- USD 89.0B
- P/E
- 52.6x
- Revenue (Q3 26)
- USD 12.0B
- Profit (Q3 26)
- USD 694.9M
- Dividend Yield
- 0.1%
- Revenue (FY 25)
- USD 28.4B
- Shares in public float
- 149.3M
- Insider ownership
- 0.65%
Reporting & identifiers
- Symbol
- PWR.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US74762E1029
- Asset ID
- equity_11870bd0-eb6e-503f-8036-31e3653b3c09
Quanta Services: Ownership
Shares Outstanding
Latest: 152.7M | Max: 158.6M | Min: 145.0M
Latest reported ownership snapshot
Float Shares
97.78%
149.3M latest reported shares
Insider Ownership
0.65%
Latest reported insider stake
Short Float
0.03%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 158,584,000 |
| 2018-01-01 | 150,827,000 |
| 2019-01-01 | 148,092,000 |
| 2020-01-01 | 145,020,000 |
| 2021-01-01 | 147,826,000 |
| 2022-01-01 | 147,539,000 |
| 2023-01-01 | 148,906,000 |
| 2024-01-01 | 150,618,000 |
| 2025-01-01 | 151,682,700 |
| 2026-01-01 | 152,693,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 13,061,264 | 8.67% | 2026-06-30 |
| Vanguard Capital Management, LLC | 9,802,251 | 6.51% | 2026-06-30 |
| Vanguard Portfolio Management, LLC | 6,927,511 | 4.6% | 2026-06-30 |
| State Street Corp | 6,581,807 | 4.37% | 2026-06-30 |
| JPMorgan Chase & Co | 5,308,495 | 3.52% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 4,770,694 | 3.17% | 2026-09-30 |
| Peconic Partners LLC | 4,720,847 | 3.13% | 2026-06-30 |
| Vanguard 500 Index Investor | 3,948,666 | 2.62% | 2026-09-30 |
| Geode Capital Management, LLC | 3,523,903 | 2.34% | 2026-06-30 |
| FMR Inc | 3,510,968 | 2.33% | 2026-06-30 |
| Vanguard MStar Mid Cap Index Instl | 3,219,357 | 2.14% | 2026-09-30 |
| Bank of America Corp | 3,172,683 | 2.11% | 2026-06-30 |
| Morgan Stanley - Brokerage Accounts | 2,311,374 | 1.53% | 2026-06-30 |
| Capital World Investors | 2,006,144 | 1.33% | 2026-06-30 |
| iShares Core S&P 500 ETF | 2,004,730 | 1.33% | 2026-10-30 |
Quanta Services: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Quanta's financial performance demonstrates rapid operational expansion, with trailing twelve-month revenue reaching thirty-two point eight billion dollars and net income climbing to one point three four billion dollars. This surge is driven by massive utility grid modernization investments and urgent artificial intelligence datacenter interconnection projects. However, headlines partially mask that profit margins remain structurally thin near four percent. While cash generation is healthy with trailing free cash flow of two point three nine billion dollars, converting top-line revenue into shareholder profits requires flawless field execution under rising skilled labor expenses.
Quanta's financial performance demonstrates rapid operational expansion, with trailing twelve-month revenue reaching thirty-two point eight billion dollars and net income climbing to one point three four billion dollars. This surge is driven by massive utility grid modernization investments and urgent artificial intelligence datacenter interconnection projects. However, headlines partially mask that profit margins remain structurally thin near four percent. While cash generation is healthy with trailing free cash flow of two point three nine billion dollars, converting top-line revenue into shareholder profits requires flawless field execution under rising skilled labor expenses.
Revenue, Net Income, and Free Cash Flow
Latest: USD 28.4B | Max: USD 28.4B | Min: USD 50.7M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 62x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Operating profitability has remained tightly bounded between five and six percent, with gross margins stabilizing near thirteen percent. Modest improvements stem from overhead cost absorption during peak construction seasons and higher-margin datacenter work rather than unchecked customer pricing power. Because specialty contracting depends on human labor hours and union contracts, Quanta cannot achieve software-like margin expansion. Master service agreements protect against severe losses, but customer audits and competitive bidding keep net margins modest, leaving little buffer against unexpected project cost overruns.
Operating profitability has remained tightly bounded between five and six percent, with gross margins stabilizing near thirteen percent. Modest improvements stem from overhead cost absorption during peak construction seasons and higher-margin datacenter work rather than unchecked customer pricing power. Because specialty contracting depends on human labor hours and union contracts, Quanta cannot achieve software-like margin expansion. Master service agreements protect against severe losses, but customer audits and competitive bidding keep net margins modest, leaving little buffer against unexpected project cost overruns.
Profitability Margins
Latest: 13.0% | Max: 14.1% | Min: 2.6%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
13.0%
Gross profit / revenue
Operating Margin
5.8%
Operating income / revenue
Net Margin
3.6%
Net income / revenue
FCF Margin
5.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 7,651,319,000 | 198,383,000 | 167,586,000 |
| 2017-12-31 | 9,466,478,000 | 314,978,000 | 127,824,000 |
| 2018-12-31 | 11,171,423,000 | 293,346,000 | 50,746,000 |
| 2019-12-31 | 12,112,153,000 | 402,044,000 | 264,281,000 |
| 2020-12-31 | 11,202,672,000 | 445,596,000 | 855,403,000 |
| 2021-12-31 | 12,980,213,000 | 485,956,000 | 195,671,000 |
| 2022-12-31 | 17,073,903,000 | 491,189,000 | 701,530,000 |
| 2023-12-31 | 20,882,206,000 | 744,689,000 | 1,141,149,000 |
| 2024-12-31 | 23,672,795,000 | 904,824,000 | 1,477,118,000 |
| 2025-12-31 | 28,351,482,000 | 1,028,428,000 | 1,620,816,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 62.2 | Trailing four quarters |
| 2024-12-31 | 52.6 | Trailing four quarters |
| 2023-12-31 | 43.2 | Trailing four quarters |
| 2022-12-31 | 42.8 | Annual net income |
| 2021-12-31 | 34.9 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 12.84 | 4.38 | 2.59 | 2.19 |
| 2017-12-31 | 12.78 | 4.56 | 3.33 | 1.35 |
| 2018-12-31 | 12.85 | 5.25 | 2.63 | 0.45 |
| 2019-12-31 | 12.7 | 4.81 | 3.32 | 2.18 |
| 2020-12-31 | 14.14 | 5.67 | 3.98 | 7.64 |
| 2021-12-31 | 13.77 | 5.23 | 3.74 | 1.51 |
| 2022-12-31 | 12.74 | 5.59 | 2.88 | 4.11 |
| 2023-12-31 | 12.68 | 5.43 | 3.57 | 5.46 |
| 2024-12-31 | 13.21 | 5.65 | 3.82 | 6.24 |
| 2025-12-31 | 13.03 | 5.77 | 3.63 | 5.72 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-10.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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