QUANTA SERVICES, INC.

Listed Company

PWRCIK 0001050915NYSELarge AcceleratedElectrical WorkDelawareFY ends Dec 31

Period

FY 2025

Revenue

$28.48B

Net Income

$1.03B

Total Assets

$24.93B

Equity

$8.94B

Shares Out

150.06M

Op. Cash Flow

$2.23B

PWR$668.26+78.89% · past yearDBEQ Basic

Daily closing prices

Business

Quanta Services, Inc. is a leading provider of comprehensive infrastructure solutions for electric and gas utility, power generation, manufacturing, communications, pipeline and energy industries. The company offers design, engineering, procurement, construction, upgrade, repair and maintenance services across electric transmission and distribution, renewable generation, substations, data centers, gas systems, and pipeline infrastructure. Quanta operates two reportable segments: Electric Infrastructure Solutions and Underground Utility and Infrastructure Solutions, serving customers primarily in the United States, Canada, and Australia through a decentralized model with operating companies delivering integrated and specialized services.

Summary from 10-K filed 2026-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	28,480	23,673	20,882	17,074	12,980
Cost of services	24,205	20,162	17,945	14,545	11,027
Gross profit	4,275	3,511	2,937	2,529	1,953
Equity in earnings of integral unconsolidated affiliates	56	50	42	52	44
Selling, general and administrative expenses	−2,189	−1,825	−1,555	−1,337	−1,156
Amortization of intangible assets	−499	−383	−289	−354	−165
Increase in fair value of contingent consideration liabilities	−31	−7	−7	−4	−7
Operating income	1,612	1,346	1,128	872	664
Interest and other financing expenses	−261	−203	−187	−124	—
Interest income	16	32	11	3	3
Other income, net	24	36	18	−46	25
Income before income taxes	1,390	1,212	970	704	623
Provision for income taxes	348	285	219	192	131
Net income	1,042	927	751	512	492
Less: Net income attributable to non-controlling interests	14	22	6	20	6
Net income attributable to common stock	1,028	905	745	491	486
Basic (in dollars per share)	6.91	6.16	5.13	3.42	3.45
Diluted (in dollars per share)	6.8	6.03	5	3.32	3.34
Weighted average basic shares outstanding (in shares)	149	147	145	143	141
Weighted average diluted shares outstanding (in shares)	151	150	149	148	145

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	440	742	1,290	429	229
Accounts receivable, net	6,847	5,171	4,411	3,675	3,400
Contract assets	1,522	1,209	1,413	1,080	803
Inventories	370	260	176	103	85
Prepaid expenses and other current assets	724	469	387	250	215
Total current assets	9,903	7,851	7,677	5,536	4,733
Property and equipment, net	3,455	2,700	2,337	2,030	1,920
Operating lease right-of-use assets	401	300	249	230	241
Other assets, net	944	656	566	623	632
Other intangible assets, net	2,906	1,861	1,362	1,459	1,801
Goodwill	7,317	5,316	4,046	3,587	3,529
Total assets	24,927	18,684	16,237	13,464	12,855
Current maturities of long-term debt	764	63	535	37	29
Current portion of operating lease liabilities	114	94	78	74	78
Accounts payable and accrued expenses	4,579	3,722	3,061	2,153	2,255
Contract liabilities	3,258	2,149	1,539	1,142	803
Total current liabilities	8,716	6,029	5,213	3,406	3,165
Long-term debt, net of current maturities	5,231	4,100	3,664	3,692	3,724
Operating lease liabilities, net of current portion	310	222	187	172	170
Deferred income taxes	503	353	254	228	191
Insurance and other non-current liabilities	1,140	650	636	568	487
Total liabilities	15,899	11,354	9,954	8,066	7,738
Commitments and Contingencies	—	—	—	—	—
Common stock	2,000	2,000	2,000	2,000	2,000
Additional paid-in capital	4,279	3,444	3,003	2,719	2,615
Retained earnings	6,674	5,707	4,858	4,163	3,715
Accumulated other comprehensive loss	−307	−373	−283	−311	−238
Treasury stock, 29,956,791 and 29,039,968 common shares	−1,707	−1,461	−1,306	−1,188	—
Total stockholders equity	8,938	7,318	6,272	5,383	5,112
Non-controlling interests	90	12	11	15	5
Total equity	9,028	7,330	6,283	5,399	5,117
Total liabilities and equity	24,927	18,684	16,237	13,464	12,855

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	412	359	325	291	256
Non-cash stock-based compensation	182	151	127	106	88
Other non-cash adjustments, net	80	15	22	−16	7
Accounts, notes and retainage receivable	−854	−428	−616	−349	−248
Contract assets	−218	256	−303	−311	−332
Inventories	−122	−40	3	−19	—
Prepaid expenses and other current assets	−241	40	−90	−16	−7
Accounts payable and accrued expenses, insurance and other non-current liabilities	655	52	772	144	96
Contract liabilities	824	374	293	336	47
Other assets and liabilities, net	−30	−8	4	−14	−14
Net cash provided by operating activities	2,230	2,081	1,576	1,130	582
Capital expenditures	−609	−604	−435	−428	−386
Proceeds from sale of and insurance settlements related to property and equipment	52	78	69	64	50
Cash paid for asset acquisitions	−103	0	0	—	—
Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired	−3,052	−1,746	−652	−195	−2,452
Investments in unconsolidated affiliates and other	−149	−82	−8	−78	−139
Proceeds from the sale or settlement of certain investments	17	29	42	21	29
Other, net	14	30	−7	−1	−867,000
Net cash used in investing activities	−3,831	−2,294	−990	−617	−2,899
Borrowings under credit facility and commercial paper program	53,034	19,884	18,179	9,300	5,316
Payments under credit facility and commercial paper program	−52,779	−20,715	−17,770	−9,324	−4,265
Net proceeds from notes offering	1,489	1,239	0	0	—
Payments related to senior notes	0	−500	0	0	—
Payments of contingent consideration liabilities recorded at acquisition date	−103	0	−5	−2	−263,000
Payments related to tax withholding for stock-based compensation	−112	−156	−120	−83	−65
Payments of dividends	−60	−54	−48	−41	−34
Repurchase of common stock	−135	0	−400,000	−128	−67
Other, net	−59	−4	32	−36	−11
Net cash provided by (used in) financing activities	1,275	−306	269	−311	2,361
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	23	−30	7	−723,000	425,000
Net (decrease) increase in cash, cash equivalents and restricted cash	−303	−549	862	201	45

Filings

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Frequently asked questions

What is QUANTA SERVICES, INC.'s CIK number?

QUANTA SERVICES, INC.'s SEC CIK number is 0001050915 (1050915). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find QUANTA SERVICES, INC.'s SEC filings?

All of QUANTA SERVICES, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did QUANTA SERVICES, INC. last report earnings?

QUANTA SERVICES, INC. (PWR) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-193918). This is QUANTA SERVICES, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is QUANTA SERVICES, INC.'s most recent earnings 8-K?

QUANTA SERVICES, INC.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001193125-26-193918. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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