QUANTA SERVICES, INC.
PWR· NYSE· Electrical Work
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 5.7%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +20.5%
We record prices for the companies we cover; PWR is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 151.3M
- Revenue
- $28.5B
- Free cash flow
- $1.6B
- Owner earnings
- $1.4B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 15.0%
- Operating
- 5.7%
- Net
- 3.6%
- Free cash flow
- 5.7%
- Owner earnings
- 5.1%
- Stock pay
- 0.6%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 11.5%
- ROE, 5 yr avg
- 10.9%
Growth (CAGR)
- Revenue, 3 yr
- 18.6%
- Revenue, 5 yr
- 20.5%
- Revenue, 9 yr
- 15.7%
- Diluted EPS, 3 yr
- 27.0%
- Diluted EPS, 5 yr
- 17.2%
- Diluted EPS, 9 yr
- 20.6%
- Free cash flow, 3 yr
- 32.1%
- Free cash flow, 5 yr
- 13.6%
- Free cash flow, 9 yr
- 27.8%
Financial health · FY2025
- Cash and investments
- $439.5M
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 5.9%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 0.8%
Financials: ten years from the 10-Ks
Revenue
$28.5B
+15.7% a year over 9 years
FY2016FY2025
Margins
Gross15.0%Operating5.7%Net3.6%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$1.6BOwner earnings$1.4B
Free cash flow +27.8% a year
FY2016FY2025
Diluted shares
151.3M
-3.8% over 9 years, net buybacks
FY2016FY2025
Return on invested capital
–
FY2025
FY2016FY2025
Net debt (below zero)
–
$1.0B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $7.7B | $9.5B | $11.2B | $12.1B | $11.2B | $13.0B | $17.1B | $20.9B | $23.7B | $28.5B |
| Revenue growth | – | 23.7% | 18.0% | 8.4% | -7.5% | 15.9% | 31.5% | 22.3% | 13.4% | 20.3% |
| 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 income | – | $315.0M | $293.3M | $402.0M | $445.6M | $486.0M | $491.2M | $744.7M | $904.8M | $1.0B |
| Net margin | – | 3.3% | 2.6% | 3.3% | 4.0% | 3.7% | 2.9% | 3.6% | 3.8% | 3.6% |
| Diluted EPS | $1.26 | $2.00 | $1.90 | $2.73 | $3.07 | $3.34 | $3.32 | $5.00 | $6.03 | $6.80 |
| Return on invested capital? | 5.8% | 7.9% | 7.5% | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $390.7M | $371.9M | $358.8M | $526.6M | $1.1B | $582.4M | $1.1B | $1.6B | $2.1B | $2.2B |
| Capital expenditure | $212.6M | $244.7M | $293.6M | $261.8M | $260.1M | $385.9M | $427.6M | $434.8M | $604.1M | $609.2M |
| Free cash flow | $178.2M | $127.2M | $65.2M | $264.8M | $855.9M | $196.5M | $702.7M | $1.1B | $1.5B | $1.6B |
| Stock-based compensation | $42.8M | $46.4M | $52.5M | $52.0M | $91.6M | $88.3M | $105.6M | $126.8M | $150.5M | $181.9M |
| Owner earnings? | $135.4M | $80.8M | $12.7M | $212.8M | $764.3M | $108.3M | $597.1M | $1.0B | $1.3B | $1.4B |
| Free cash flow per share | $1.13 | $0.81 | $0.42 | $1.79 | $5.89 | $1.35 | $4.75 | $7.67 | $9.84 | $10.71 |
| Capital allocation | ||||||||||
| Dividends paid | – | $0 | $0 | $23.2M | $28.9M | $34.0M | $41.1M | $47.8M | $54.2M | $60.4M |
| Share repurchases | $0 | $50.0M | $443.2M | $20.1M | $247.2M | $66.7M | $127.8M | $350.0K | $0 | $134.6M |
| Diluted shares | 157.3M | 157.2M | 154.2M | 147.5M | 145.2M | 145.4M | 148.0M | 148.8M | 150.1M | 151.3M |
| Share count change? | – | -0.1% | -1.9% | -4.3% | -1.6% | 0.1% | 1.8% | 0.6% | 0.8% | 0.8% |
| Balance sheet | ||||||||||
| Cash and equivalents | $112.2M | $138.3M | $78.7M | $164.8M | $184.6M | $229.1M | $428.5M | $1.3B | $742.0M | $439.5M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $361.1M | $671.9M | $1.1B | – | – | – | – | – | – | – |
| Net debt | $248.9M | $533.7M | $1.0B | – | – | – | – | – | – | – |
| Shareholders' equity | $3.3B | $3.8B | $3.6B | $4.1B | $4.3B | $5.1B | $5.4B | $6.3B | $7.3B | $8.9B |
Latest filings
| 2026-10-29 | 10-Q | Quarterly report |
| 2026-10-29 | 8-K | Earnings release |
| 2026-07-30 | 10-Q | Quarterly report |
| 2026-07-30 | 8-K | Earnings release |
| 2026-04-30 | 10-Q | Quarterly report |
| 2026-04-30 | 8-K | Earnings release |
| 2026-04-10 | DEF 14A | Proxy statement |
| 2026-02-19 | 10-K | Annual report |
| 2026-02-19 | 8-K | Earnings release |
| 2025-10-30 | 10-Q | Quarterly report |
More from our coverage
- MSFTPlatforms8.4MicrosoftThe most entrenched software franchise in the enterprise, now spending its cash flow on AI capacity; a great business we would own with a margin of safety, not at any price.Base value $410.29
- NVDAAI infrastructure8.4NVIDIAThe best business in technology at the top of its cycle: the moat is CUDA as much as silicon, but today's margins are a peak, not a floor.Base value $104.32
- AAPLHardware7.6AppleOne of the highest-quality businesses in the world growing in the low single digits; the price usually assumes more growth than the numbers show.Base value $134.27
- GOOGLPlatforms7.4AlphabetSearch pays for everything, and AI is both its biggest threat and its biggest opportunity; the price has to allow for search being worth less than it was.Base value $209.60
- NOWSoftware7.4ServiceNowA rare enterprise platform still growing above 20% with high retention; the free cash flow is real but stock pay takes a large share of it.Base value $189.13
- ADBESoftware7.4AdobeSuperb margins and a shrinking share count, priced for decline; the question is whether AI makes Adobe's tools more valuable or makes them unnecessary.Base value $449.35
