Quanta Services, Inc.
Rank #408Op. LeveragePWR · NYSE · Industrials
Quanta Services, Inc. (PWR) — Rank #408 by gross profitability (GP/assets 0.15) · ROE 10.7% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0001050915 · all metrics point-in-time as of the filing date.
About
Quanta Services, Inc. offers infrastructure solutions for the electric and gas utility, power generation, load center, manufacturing, communications, pipeline, and energy industries.
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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.
- Industry
- Engineering & Construction
- Sector
- Industrials
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- quantaservices.com
Price History
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$92.23B
P/E (annual)
90.2
P/S (annual)
3.2
P/B
9.6
P/OCF (annual)
41.4
Shareholder Yield
-0.8%
Employees
69,500
Industry
Engineering & Construction
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
23.0%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 0.8% — per-share value needs a total required return of 23.8% once share-count change is priced in.
vs. own 6-year median revenue growth: 18.1%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
17.8%
r = 10% (base)
23.0%
r = 12%
27.5%
Net debt / market cap: -0.3%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Operating margin expansion and free cash flow are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.15
Primary signal (Novy-Marx).
Return on equity
10.7%
Gross margin
15.0%
Revenue growth (YoY)
20.3%
RPO growth (YoY)
41.8%
Remaining performance obligations growth — RPO > revenue = forward demand building.
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
18.6%
Revenue CAGR (5Y)
20.5%
Earnings CAGR (3Y)
27.9%
FCF CAGR (3Y)
29.3%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.90
Current ratio
1.10×
Quick ratio
0.84×
Net cash
$257.30M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$1.52B
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.48
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.6%
Stock-based comp intensity.
Dividend safety
Composite score
3.5 / 5
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.