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DC Infra·PWR
Quanta Services, Inc.
NYSE · US
Infrastructure contractor focused on electric power, grid modernization, transmission, substations, and energy systems.
AI relevance
Grid and power-delivery buildout exposure driven by AI data center electricity demand.
Price
$625.42
Change
-9.77 (-1.54%)
Market cap
$94.0B
52w range
$408–$789
Exchange
NYSE
Country
US
Jason's Chips
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Price chart
PWR market performance
Daily close for Quanta Services, Inc.
- Latest close
- $626.0
- Range move
- +$172.2 (+37.9%)
- Range high
- $785.2
- Range low
- $413.2
- Latest volume
- 401.5K
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
70 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus36 ratings
Strong buy
0
Buy
27
Hold
9
Sell
0
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $40.27B | $39.85B - $40.47B | $17.35 | $16.67 - $17.81 | $4.58B | $3.65B | $2.56B | $3.04B | 21 rev / 19 EPS |
| 2027-12-31 | $47.10B | $44.41B - $50.35B | $20.57 | $18.47 - $23.27 | $5.30B | $4.33B | $3.06B | $3.56B | 21 rev / 18 EPS |
| 2028-12-31 | $54.13B | $49.96B - $61.14B | $24.66 | $22.17 - $27.61 | $6.16B | $5.12B | $3.65B | $4.09B | 15 rev / 10 EPS |
| 2029-12-31 | $61.74B | $56.74B - $65.42B | $28.25 | $25.27 - $30.43 | $7.11B | $5.97B | $4.28B | $4.66B | 10 rev / 4 EPS |
| 2030-12-31 | $66.99B | $61.57B - $70.98B | $31.29 | $27.99 - $33.71 | $7.83B | $6.59B | $4.75B | $5.06B | 7 rev / 4 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-30 | $11.44B | $10.99B - $11.70B | $4.95 | $4.48 - $5.30 | $1.40B | $1.09B | $755.6M | $863.8M | 15 rev / 15 EPS |
| 2027-03-30 | $9.82B | $8.74B - $10.89B | $3.45 | $2.95 - $4.09 | $1.09B | $784.5M | $526.7M | $741.1M | 13 rev / 11 EPS |
| 2027-06-30 | $11.30B | $10.54B - $12.36B | $5.08 | $4.63 - $5.70 | $1.42B | $1.12B | $775.3M | $853.5M | 6 rev / 4 EPS |
| 2027-09-30 | $12.82B | $11.96B - $14.03B | $6.20 | $5.65 - $6.95 | $1.65B | $1.35B | $946.4M | $968.3M | 6 rev / 7 EPS |
| 2027-12-30 | $12.80B | $11.93B - $14.00B | $5.68 | $5.18 - $6.37 | $1.55B | $1.24B | $867.1M | $966.2M | 6 rev / 4 EPS |
| 2028-03-30 | $10.87B | $10.14B - $11.90B | $4.09 | $3.73 - $4.59 | $1.22B | $916.2M | $624.7M | $821.1M | 5 rev / 5 EPS |
| 2028-06-30 | $12.58B | $11.73B - $13.76B | $5.82 | $5.31 - $6.53 | $1.57B | $1.27B | $889.1M | $950.0M | 5 rev / 6 EPS |
| 2028-09-30 | $14.34B | $13.37B - $15.68B | $7.70 | $7.02 - $8.64 | $1.96B | $1.66B | $1.18B | $1.08B | 5 rev / 9 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 5 | $823.40 |
| Last quarter | 15 | $786.27 |
| Last year | 47 | $683.28 |
| All time | 73 | $548.53 |
Sources: StreetInsider, Pulse 2.0, Investing, Benzinga
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-10-30 | Evercore ISI Group | Maintain | Outperform | Outperform |
| 2026-10-27 | Truist Securities | Maintain | Buy | Buy |
| 2026-10-05 | Truist Securities | Maintain | Buy | Buy |
| 2026-09-28 | Piper Sandler | Maintain | Overweight | Overweight |
| 2026-09-24 | Bernstein | Upgrade | Market Perform | Outperform |
| 2026-08-07 | Keybanc | Upgrade | Sector Weight | Overweight |
| 2026-08-03 | TD Cowen | Maintain | Buy | Buy |
| 2026-08-03 | Truist Securities | Maintain | Buy | Buy |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-10-01 | 1 | 24 | 5 | 0 | 1 |
| 2026-09-01 | 1 | 24 | 6 | 0 | 1 |
| 2026-08-01 | 0 | 23 | 8 | 0 | 1 |
| 2026-07-01 | 1 | 22 | 8 | 0 | 1 |
| 2026-06-01 | 1 | 21 | 7 | 0 | 1 |
| 2026-05-01 | 1 | 21 | 7 | 1 | 1 |
| 2026-04-01 | 1 | 19 | 9 | 1 | 1 |
| 2026-03-01 | 1 | 19 | 10 | 0 | 1 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $28.35B | $3.69B | 13.0% | $0 | $1.64B | $2.58B | $1.03B | $6.87 |
| FY 2024 | $23.67B | $3.13B | 13.2% | $0 | $1.34B | $2.16B | $904.8M | $6.16 |
| FY 2023 | $20.88B | $2.65B | 12.7% | $0 | $1.13B | $1.77B | $744.7M | $5.13 |
| FY 2022 | $17.07B | $2.18B | 12.7% | $0 | $955.2M | $1.47B | $491.2M | $3.42 |
| FY 2021 | $12.98B | $1.79B | 13.8% | $0 | $679.3M | $1.11B | $486.0M | $3.45 |
| FY 2020 | $11.20B | $1.58B | 14.1% | $0 | $635.7M | $918.3M | $445.6M | $3.15 |
| FY 2019 | $12.11B | $1.54B | 12.7% | $0 | $582.2M | $919.4M | $402.0M | $2.76 |
| FY 2018 | $11.17B | $1.44B | 12.9% | $0 | $586.4M | $741.1M | $293.3M | $1.92 |
| FY 2017 | $9.47B | $1.21B | 12.8% | $0 | $431.7M | $590.7M | $315.0M | $2.02 |
| FY 2016 | $7.65B | $982.1M | 12.8% | $0 | $335.1M | $524.5M | $198.4M | $1.26 |
| FY 2015 | $7.57B | $892.4M | 11.8% | $0 | $299.6M | $434.4M | $310.9M | $1.59 |
| FY 2014 | $7.85B | $1.21B | 15.4% | $0 | $526.0M | $671.9M | $296.7M | $1.35 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $2.23B | $609.2M | $1.62B |
| FY 2024 | $2.08B | $604.1M | $1.48B |
| FY 2023 | $1.58B | $434.8M | $1.14B |
| FY 2022 | $1.13B | $428.8M | $701.5M |
| FY 2021 | $582.4M | $386.7M | $195.7M |
| FY 2020 | $1.12B | $260.6M | $855.4M |
| FY 2019 | $526.6M | $262.3M | $264.3M |
| FY 2018 | $358.8M | $308.0M | $50.7M |
| FY 2017 | $372.5M | $244.7M | $127.8M |
| FY 2016 | $380.1M | $212.6M | $167.6M |
| FY 2015 | $640.5M | $210.2M | $430.3M |
| FY 2014 | $310.8M | $301.7M | $9.1M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $439.5M | $8.37B | $370.4M | $3.86B | $24.93B | $6.42B | $5.98B | $15.90B | $8.94B |
| FY 2024 | $742.0M | $6.38B | $260.2M | $3.00B | $18.68B | $4.48B | $3.74B | $11.35B | $7.32B |
| FY 2023 | $1.29B | $5.82B | $175.7M | $2.59B | $16.24B | $4.46B | $3.17B | $9.95B | $6.27B |
| FY 2022 | $428.5M | $4.75B | $103.3M | $2.26B | $13.46B | $3.98B | $3.55B | $8.07B | $5.38B |
| FY 2021 | $229.1M | $4.20B | $84.7M | $2.16B | $12.86B | $4.00B | $3.77B | $7.74B | $5.11B |
| FY 2020 | $184.6M | $3.17B | $50.5M | $1.82B | $8.40B | $1.45B | $1.27B | $4.05B | $4.34B |
| FY 2019 | $164.8M | $3.35B | $55.7M | $1.67B | $8.33B | $1.66B | $1.49B | $4.28B | $4.05B |
| FY 2018 | $78.7M | $2.93B | $107.7M | $1.28B | $7.08B | $1.11B | $1.03B | $3.47B | $3.60B |
| FY 2017 | $138.3M | $2.48B | $80.9M | $1.29B | $6.48B | $671.9M | $533.7M | $2.68B | $3.79B |
| FY 2016 | $112.2M | $1.97B | $88.5M | $1.17B | $5.35B | $361.1M | $248.9M | $2.01B | $3.34B |
| FY 2015 | $128.8M | $1.94B | $75.3M | $1.10B | $5.21B | $482.4M | $353.7M | $2.13B | $3.09B |
| FY 2014 | $190.5M | $2.09B | $38.9M | $1.48B | $6.31B | $81.4M | -$109.2M | $1.79B | $4.51B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 13.0% | 5.8% | 3.6% | 1.1x | 1.1x | 11.5% | 7.1% | 2.5x | 27.1x | 2.5% | 0.0% | 71d |
| FY 2024 | 13.2% | 5.6% | 3.8% | 1.3x | 1.3x | 12.4% | 8.0% | 2.1x | 23.3x | 3.2% | 0.0% | 66d |
| FY 2023 | 12.7% | 5.4% | 3.6% | 1.5x | 1.4x | 11.9% | 7.5% | 1.7x | 19.5x | 3.6% | 0.0% | 65d |
| FY 2022 | 12.7% | 5.6% | 2.9% | 1.6x | 1.6x | 9.1% | 6.8% | 1.4x | 16.3x | 3.4% | 0.0% | 72d |
| FY 2021 | 13.8% | 5.2% | 3.7% | 1.5x | 1.5x | 9.5% | 5.5% | 1.5x | 17.9x | 1.2% | 0.0% | 80d |
| FY 2020 | 14.1% | 5.7% | 4.0% | 1.7x | 1.7x | 10.3% | 7.9% | 1.0x | 12.5x | 8.4% | 0.0% | 75d |
| FY 2019 | 12.7% | 4.8% | 3.3% | 1.7x | 1.7x | 9.9% | 6.6% | 0.6x | 8.1x | 4.5% | 0.0% | 75d |
| FY 2018 | 12.9% | 5.2% | 2.6% | 1.8x | 1.8x | 8.1% | 7.1% | 0.5x | 7.6x | 1.1% | 0.0% | 70d |
| FY 2017 | 12.8% | 4.6% | 3.3% | 1.9x | 1.9x | 8.3% | 7.8% | 0.7x | 11.2x | 2.1% | 0.0% | 71d |
| FY 2016 | 12.8% | 4.4% | 2.6% | 1.9x | 1.8x | 5.9% | 5.3% | 0.7x | 10.9x | 3.1% | 0.0% | 70d |
| FY 2015 | 11.8% | 4.0% | 4.1% | 1.9x | 1.8x | 10.1% | 4.3% | 0.6x | 9.9x | 10.9% | 0.0% | 73d |
| FY 2014 | 15.4% | 6.7% | 3.8% | 2.2x | 2.2x | 6.6% | 6.8% | 0.8x | 9.1x | 0.1% | 0.0% | 73d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +19.8% | +18.1% | 0.0% | +22.4% | +13.7% | +11.5% | +9.7% | -0.8% | -40.8% | +42.4% | +33.4% | +43.3% |
| FY 2024 | +13.4% | +18.1% | 0.0% | +17.9% | +21.5% | +20.1% | +29.4% | -38.9% | -42.5% | +48.1% | +15.1% | +0.3% |
| FY 2023 | +22.3% | +21.7% | 0.0% | +18.7% | +51.6% | +50.0% | +62.7% | -1.4% | +201.1% | +70.1% | +20.6% | +12.3% |
| FY 2022 | +31.5% | +21.7% | 0.0% | +40.6% | +1.1% | -0.9% | +258.5% | -10.9% | +87.0% | +22.0% | +4.7% | -0.7% |
| FY 2021 | +15.9% | +12.9% | 0.0% | +6.9% | +9.1% | +9.5% | -77.1% | -48.4% | +24.1% | +67.7% | +53.1% | +175.4% |
| FY 2020 | -7.5% | +3.0% | 0.0% | +9.2% | +10.8% | +14.1% | +223.7% | +0.6% | +12.0% | -9.4% | +0.8% | -12.3% |
| FY 2019 | +8.4% | +7.1% | 0.0% | -0.7% | +37.1% | +43.7% | +420.8% | +14.9% | +109.4% | -48.3% | +17.7% | +49.7% |
| FY 2018 | +18.0% | +18.7% | 0.0% | +35.8% | -6.9% | -5.0% | -60.3% | -25.9% | -43.1% | +33.2% | +9.2% | +64.6% |
| FY 2017 | +23.7% | +23.2% | 0.0% | +28.8% | +58.8% | +60.3% | -23.7% | -15.1% | +23.3% | -8.6% | +21.0% | +86.1% |
| FY 2016 | +1.0% | +10.1% | 0.0% | +11.9% | -36.2% | -20.8% | -61.1% | -1.1% | -12.9% | +17.6% | +2.7% | -25.1% |
| FY 2015 | -3.6% | -26.2% | 0.0% | -43.0% | +4.8% | +17.8% | +4631.2% | +30.3% | -32.4% | +93.4% | -17.4% | +492.9% |
| FY 2014 | +20.4% | +17.6% | 0.0% | -0.2% | -26.2% | -27.8% | -95.0% | -14.5% | -61.0% | +22.1% | +9.0% | +3542.1% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $28.48B
Electric Power Infrastructure$23.00B · 80.8%
Underground Utility and Infrastructure Solutions$5.48B · 19.2%
Latest geography mixFY 2025 · $28.48B
UNITED STATES$26.48B · 93.0%
CANADA$1.02B · 3.6%
AUSTRALIA$779.5M · 2.7%
Non-US$198.4M · 0.7%
Product revenue annual
| Period | Total | Electric Power Infrastructure | Underground Utility and Infrastructure Solutions | Renewable Energy Infrastructure Solutions |
|---|---|---|---|---|
| FY 2025 | $28.48B | $23.00B | $5.48B | -- |
| FY 2024 | $23.67B | $11.17B | $4.66B | $7.85B |
| FY 2023 | $20.88B | $9.70B | $5.02B | $6.17B |
| FY 2022 | $17.07B | $8.94B | $4.36B | $3.78B |
| FY 2021 | $12.98B | $7.62B | $3.53B | $1.83B |
| FY 2020 | $11.20B | $7.77B | $3.43B | -- |
| FY 2019 | $7.12B | $7.12B | -- | -- |
| FY 2018 | $6.42B | $6.42B | -- | -- |
| FY 2017 | $5.60B | $5.60B | -- | -- |
| FY 2016 | $4.85B | $4.85B | -- | -- |
| FY 2015 | $4.94B | $4.94B | -- | -- |
| FY 2014 | $5.24B | $5.24B | -- | -- |
Geography revenue annual
| Period | Total | UNITED STATES | CANADA | Foreign Operations | Non-US | AUSTRALIA | Latin America and Other |
|---|---|---|---|---|---|---|---|
| FY 2025 | $28.48B | $26.48B | $1.02B | -- | $198.4M | $779.5M | -- |
| FY 2024 | $23.67B | $21.61B | $1.03B | -- | $374.0M | $666.9M | -- |
| FY 2023 | $20.88B | $17.91B | $2.05B | -- | $312.8M | $612.5M | -- |
| FY 2022 | $17.07B | $14.39B | $2.02B | -- | $234.5M | $428.3M | -- |
| FY 2021 | $12.98B | $11.07B | $1.56B | -- | $133.6M | $221.0M | -- |
| FY 2020 | $11.20B | $9.62B | $1.25B | -- | -- | $200.7M | $130.7M |
| FY 2019 | $12.11B | $10.19B | $1.44B | -- | -- | $187.9M | $296.8M |
| FY 2018 | $11.17B | $8.58B | $1.98B | -- | -- | $377.5M | $234.4M |
| FY 2017 | $2.48B | -- | -- | -- | $2.48B | -- | -- |
| FY 2016 | $1.59B | -- | -- | $1.59B | -- | -- | -- |
| FY 2015 | $1.54B | -- | -- | $1.54B | -- | -- | -- |
| FY 2014 | $1.89B | -- | -- | $1.89B | -- | -- | -- |
Transcripts70 on file
Transcripts
Events
Events
Next earnings
2027-02-18EPS est $4.95
Latest news
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