PWRNYSEElectrical WorkFiscal year ends December 31
QUANTA SERVICES, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$618.41−13.45 (-2.13%)
Close on Oct 19, 2026
- Market cap
- $94.27B
- P/E (TTM)
- 70.8
- Dividend yield
- 0.07%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
15.0%+0.2 pts over 5 years
Operating margin
5.7%+0.2 pts over 5 years
Net margin
3.6%−0.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +20.3% | +18.6% | +20.5% | +14.2% | |
| Gross profit | +21.8% | +19.1% | +20.8% | +16.6% | |
| Operating income | +19.7% | +22.7% | +21.4% | +21.1% | |
| Net income | +13.7% | +27.9% | +18.2% | – | |
| EPS, diluted | +12.8% | +27.0% | +17.2% | +15.6% | |
| Free cash flow | +9.7% | +32.1% | +13.6% | +14.5% | |
| Dividend per share | +10.8% | +12.2% | +14.3% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 10.6% | 12.7% | |
| Return on assets | – | 5.3% | 4.7% | |
| Current ratio | 1.90 | 1.68 | 1.14 | |
| Debt to equity | 0.11 | 0.27 | 0.67 | |
| Interest coverage | 21.5× | 13.6× | 6.2× | |
| Inventory turnover | 81.0× | 179.7× | 76.8× | |
| Capex to revenue | 2.8% | 2.3% | 2.1% | |
| Diluted shares | 157M | 145M | 151M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Quanta Services generated $7.60B from operations and spent $3.03B on capital expenditure, dividends and share buybacks. 81% of that went back into the business.
Generated
$7.60B
Used
$3.03B
Capital expenditure$2.46B81%Dividends$237.44M8%Share buybacks$329.35M11%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.6%
×Asset turnover1.31×
×Equity multiplier2.68×
=Return on equity, FY202512.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.6% | 1.31× | 2.68× | 12.7% |
| FY2024 | 3.8% | 1.36× | 2.57× | 13.3% |
| FY2023 | 3.6% | 1.41× | 2.55× | 12.8% |
| FY2022 | 2.9% | 1.30× | 2.51× | 9.4% |
| FY2021 | 3.7% | 1.22× | 2.25× | 10.3% |
| FY2020 | 4.0% | 1.34× | 1.99× | 10.6% |
| FY2019 | 3.3% | 1.57× | 2.01× | 10.5% |
| FY2018 | 2.6% | 1.65× | 1.83× | 7.9% |
| FY2017 | 3.3% | 1.60× | 1.66× | 8.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.03B
- Cash generatingOperating cash flow above zero$2.23B
- Return on assets improvedROA up on the prior year5.6% → 5.5%
- Earnings backed by cashOperating cash flow above net income$2.23B vs $1.03B
- Less leverageLong-term debt to assets fell21.9% → 21.0%
- Better liquidityCurrent ratio rose1.30 → 1.14
- No dilutionShare count did not rise150M → 151M
- Gross margin improvedGross margin up on the prior year14.83% → 15.01%
- More efficientAsset turnover rose1.46 → 1.52