Industrials · Engineering & Construction
Price
$691.40
Market Cap
$103.8B
Employees
58,400
Beta
1.22
Avg Volume
1,239,077
CEO
Earl C. Austin Jr.
Business Description
Quanta Services, Inc. is a global provider of specialized contracting solutions. The company operates through three main business segments: The Electric Power Infrastructure Solutions division is dedicated to designing, procuring, constructing, upgrading, repairing, and maintaining critical infrastructure for electric power transmission, distribution networks, and substation facilities. This includes executing projects on live electrical systems for installation, upkeep, and modernization, as well as integrating advanced smart grid technologies. The segment also handles commercial and industrial wiring from design through repair. Furthermore, it furnishes aviation services, vital emergency restoration support, and various other engineering and technical assistance. Quanta Services extends its design and construction expertise to the telecommunications sector, serving wireline and wireless carriers, cable multi-system operators, and other clients. Professional development programs for electric utility personnel, as well as those in gas distribution and telecommunications, are also offered. The Renewable Energy Infrastructure Solutions segment concentrates on the full lifecycle of renewable energy assets. This encompasses engineering, procurement, construction, modernization, repair, and maintenance for facilities generating power from wind, solar, and hydroelectric sources, alongside battery storage systems. Additionally, it delivers engineering and construction for associated substations, switchyards, transmission lines, and other electrical infrastructures integral to renewable projects. The Underground Utility and Infrastructure Solutions division furnishes comprehensive services covering the design, engineering, construction, enhancement, repair, and ongoing maintenance of systems for transporting, distributing, storing, and processing natural gas, oil, and various other commodities. This includes the fabrication of essential pipeline support structures and related facilities. The segment is also responsible for the engineering and construction of extensive pipeline networks, storage facilities, and crucial compressor and pump stations. Originally incorporated in 1997 as Fabal Construction, Inc., the company adopted the name Quanta Services, Inc. in November of that year and maintains its corporate headquarters in Houston, Texas.
Business History
Price Overview
Price at report time · Jul 2, 6:36am (0m ago)
$691.40
Change · Jul 2
-28.64 (-3.98%)
Day Range
$687.62 – $709.07
52-Week Range
$363.01 – $788.75
50-Day MA
$710.39
200-Day MA
$536.71
Volume
1,051,622.00
Right now · live
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Real-time — the change above is the move since the report (over 0m).
Analyst Price Targets
Low
$503.00
Consensus
$691.86
High
$900.00
(55 analysts)
Share Structure
Outstanding
150,060,000.00
Float
148,690,100.00
Free Float
99.1%
High free float
— 99.1% of shares trade freely, ~0.9% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
92.83
Stock Price: $691.40
EPS (Diluted): 6.87
EPS (Diluted): 6.87
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
7.16
Stock Price: $691.40
Total Equity: $8.94B
Shares: 151,682,692
Total Equity: $8.94B
Shares: 151,682,692
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
45.62
Market Cap: $103.75B
Total Debt: $6.11B
Cash: $439.51M
EBITDA: $2.52B
Total Debt: $6.11B
Cash: $439.51M
EBITDA: $2.52B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$70.0B
Market Cap: $103.75B
Total Debt: $6.11B
Cash: $439.51M
Total Debt: $6.11B
Cash: $439.51M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
13.0%
Gross Profit: $3.69B
Revenue: $28.35B
Revenue: $28.35B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
5.8%
Operating Income: $1.64B
Revenue: $28.35B
Revenue: $28.35B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
3.6%
Net Income: $1.03B
Revenue: $28.35B
Revenue: $28.35B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
13.0%
Net Income: $1.03B
Total Equity: $8.94B
Total Equity: $8.94B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
7.6%
Operating Income: $1.64B
Tax Rate: 26.2%
Equity: $8.94B
Total Debt: $6.11B
Cash: $439.51M
Tax Rate: 26.2%
Equity: $8.94B
Total Debt: $6.11B
Cash: $439.51M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.14
Current Assets: $9.90B
Current Liabilities: $8.72B
Current Liabilities: $8.72B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.68
Short-Term Debt: $878.28M
Long-Term Debt: $5.23B
Total Debt: $6.11B
Total Equity: $8.94B
Long-Term Debt: $5.23B
Total Debt: $6.11B
Total Equity: $8.94B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$186.91
Revenue: $28.35B
Shares: 151,682,692
Shares: 151,682,692
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$58.93
Total Equity: $8.94B
Shares: 151,682,692
Shares: 151,682,692
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$10.69
Operating CF: $2.23B
CapEx: -$609.15M
Shares: 151,682,692
CapEx: -$609.15M
Shares: 151,682,692
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.1%
Last Dividend: N/A
Stock Price: $691.40
Stock Price: $691.40
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $1.03B
Net Income: $1.03B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares PWR against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 2, 2026 6:36am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $13.0B | $17.1B | $20.9B | $23.7B | $28.4B |
| Cost of Revenue | $11.2B | $14.9B | $18.2B | $20.5B | $24.7B |
| Gross Profit | $1.8B | $2.2B | $2.6B | $3.1B | $3.7B |
| Operating Expenses | $1.1B | $1.2B | $1.5B | $1.8B | $2.1B |
| Operating Income | $679.3M | $955.2M | $1.1B | $1.3B | $1.6B |
| Net Income | $486.0M | $491.2M | $744.7M | $904.8M | $1.0B |
| EBITDA | $1.1B | $1.5B | $1.8B | $2.2B | $2.5B |
| EPS | $3.45 | $3.42 | $5.13 | $6.16 | $6.87 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 2, 2026 6:36am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $229.1M | $428.5M | $1.3B | $742.0M | $439.5M |
| Total Current Assets | $4.7B | $5.5B | $7.7B | $7.9B | $9.9B |
| Total Assets | $12.9B | $13.5B | $16.2B | $18.7B | $24.9B |
| Current Liabilities | $3.2B | $3.4B | $5.2B | $6.0B | $8.7B |
| Long-Term Debt | $3.7B | $3.7B | $3.7B | $4.1B | $5.2B |
| Total Liabilities | $7.7B | $8.1B | $10.0B | $11.4B | $15.9B |
| Total Equity | $5.1B | $5.4B | $6.3B | $7.3B | $8.9B |
| Retained Earnings | $3.7B | $4.2B | $4.9B | $5.7B | $6.7B |
Cash Flow (Annual)
Last updated: Jul 2, 2026 6:36am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $582.4M | $1.1B | $1.6B | $2.1B | $2.2B |
| Capital Expenditure | -$386.7M | -$428.8M | -$434.8M | -$604.1M | -$609.2M |
| Free Cash Flow | $195.7M | $701.5M | $1.1B | $1.5B | $1.6B |
| Acquisitions (net) | -$2.6B | -$273.2M | -$659.2M | -$1.8B | -$3.1B |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$66.7M | -$127.8M | $-350,000 | -$155.6M | -$134.6M |
| Net Change in Cash | $45.1M | $201.3M | $861.8M | -$549.0M | -$303.2M |
Analyst Estimates (Annual)
Last updated: Jul 2, 2026 6:36am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$39.7B $37.5B – $43.1B
|
$45.2B $45.0B – $45.4B
|
$49.5B $47.0B – $52.2B
|
$56.3B $53.5B – $59.4B
|
| EBITDA |
$3.7B $3.5B – $4.1B
|
$4.3B $4.2B – $4.3B
|
$4.7B $4.4B – $4.9B
|
$5.3B $5.0B – $5.6B
|
| Net Income |
$2.6B $2.2B – $2.9B
|
$2.9B $2.6B – $3.2B
|
$3.4B $3.2B – $3.6B
|
$4.0B $3.7B – $4.3B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 2, 2026 6:36am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +31.5% | +22.3% | +13.4% | +19.8% |
| Gross Profit Growth | +21.7% | +21.7% | +18.1% | +18.1% |
| Operating Income Growth | +40.6% | +18.7% | +17.9% | +22.4% |
| Net Income Growth | +1.1% | +51.6% | +21.5% | +13.7% |
| EBITDA Growth | +32.4% | +20.2% | +21.8% | +16.7% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-01 | BAXTER WARNER L | M-Exempt | 559.00 | $0.00 | $0 |
| 2026-06-01 | BAXTER WARNER L | M-Exempt | 559.00 | $0.00 | $0 |
| 2026-06-01 | Beneby Doyle N | M-Exempt | 870.00 | $0.00 | $0 |
| 2026-06-01 | Beneby Doyle N | M-Exempt | 870.00 | $0.00 | $0 |
| 2026-06-01 | FRIED BERNARD | M-Exempt | 559.00 | $0.00 | $0 |
| 2026-06-01 | FRIED BERNARD | M-Exempt | 559.00 | $0.00 | $0 |
| 2026-06-01 | Ladhani Holli C. | M-Exempt | 559.00 | $0.00 | $0 |
| 2026-06-01 | Ladhani Holli C. | D-Return | 196.00 | $711.73 | $139,499 |
| 2026-06-01 | Ladhani Holli C. | M-Exempt | 559.00 | $0.00 | $0 |
| 2026-06-01 | Rowe Robert Scott | M-Exempt | 559.00 | $0.00 | $0 |
| 2026-06-01 | Rowe Robert Scott | M-Exempt | 559.00 | $0.00 | $0 |
| 2026-06-01 | WYRSCH MARTHA B | M-Exempt | 559.00 | $0.00 | $0 |
| 2026-06-01 | WYRSCH MARTHA B | M-Exempt | 559.00 | $0.00 | $0 |
| 2026-06-01 | JACKMAN WORTHING | M-Exempt | 559.00 | $0.00 | $0 |
| 2026-06-01 | JACKMAN WORTHING | M-Exempt | 559.00 | $0.00 | $0 |
| 2026-05-28 | FRIED BERNARD | M-Exempt | 4,823.00 | $0.00 | $0 |
| 2026-05-28 | FRIED BERNARD | M-Exempt | 4,823.00 | $0.00 | $0 |
| 2026-05-21 | dePass Olsovsky Josephine Ann Marie | A-Award | 249.00 | $0.00 | $0 |
| 2026-05-21 | Rowe Robert Scott | A-Award | 249.00 | $0.00 | $0 |
| 2026-05-21 | WYRSCH MARTHA B | A-Award | 249.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jul 2, 2026 6:36am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-07-01 | $0.11 | 2026-05-21 | 2026-07-01 | 2026-07-13 |
| 2026-04-02 | $0.11 | 2026-03-19 | 2026-04-02 | 2026-04-10 |
| 2026-01-02 | $0.11 | 2025-11-18 | 2026-01-02 | 2026-01-12 |
| 2025-10-01 | $0.10 | 2025-08-28 | 2025-10-01 | 2025-10-10 |
| 2025-07-01 | $0.10 | 2025-05-22 | 2025-07-01 | 2025-07-11 |
| 2025-04-03 | $0.10 | 2025-03-21 | 2025-04-03 | 2025-04-11 |
| 2025-01-02 | $0.10 | 2024-11-21 | 2025-01-02 | 2025-01-13 |
| 2024-10-01 | $0.09 | 2024-08-29 | 2024-10-01 | 2024-10-11 |
| 2024-07-01 | $0.09 | 2024-05-24 | 2024-07-01 | 2024-07-12 |
| 2024-04-08 | $0.09 | 2024-03-28 | 2024-04-09 | 2024-04-17 |
| 2023-12-29 | $0.09 | 2023-12-06 | 2024-01-02 | 2024-01-12 |
| 2023-09-29 | $0.08 | 2023-08-31 | 2023-10-02 | 2023-10-13 |
| 2023-06-30 | $0.08 | 2023-05-24 | 2023-07-03 | 2023-07-14 |
| 2023-04-06 | $0.08 | 2023-03-30 | 2023-04-10 | 2023-04-18 |
| 2022-12-30 | $0.08 | 2022-12-13 | 2023-01-03 | 2023-01-13 |
| 2022-09-30 | $0.07 | 2022-08-31 | 2022-10-03 | 2022-10-14 |
| 2022-06-30 | $0.07 | 2022-05-27 | 2022-07-01 | 2022-07-15 |
| 2022-04-08 | $0.07 | 2022-03-31 | 2022-04-11 | 2022-04-18 |
| 2022-01-03 | $0.07 | 2021-12-01 | 2022-01-04 | 2022-01-14 |
| 2021-09-30 | $0.06 | 2021-08-27 | 2021-10-01 | 2021-10-15 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for PWR — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.367 · 8fb65fa8 · 2026-07-01 20:05:31