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Quanta Services (PWR)

Industrials · $89.1B market cap · SEC CIK 0001050915

$583.14 ▼−1.41% on the day close of Nov 10, 2026
37 Screens poorly
ahead of 37% of the S&P 500 · #49 of 79 in Industrials

Next reports on Feb 17, 2027, after the close, with analysts expecting $5.22 in earnings per share.

52-week range $408.36 to $788.75. 26% below its 52-week high and 43% above its low.

The case for PWR

The case against

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Industrials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

Valuewhat you pay for the earnings and cash, against the growth you get46
Growthhow fast revenue and earnings are moving, this year and over five90
Profitabilityhow much of the revenue becomes profit, and how much of that is cash32
Momentumhow the price has behaved lately51
Stabilityhow violently it moves, what it owes and what it pays you35

The financials

Revenue growth

Is the business growing? Yes

Last 12 months+37.1%
Over 5 years+20.5% a year
FY2025 revenue$28.5B (+20%)

Free cash flow

Is it generating real cash? Yes

FY2025 free cash flow$1.6B
Of revenue6%
Of profit158%

Profit margins

Is profitability improving? Holding steady

Gross margin16%
Operating margin7%
Net margin, FY24 → FY25 → now3.8% → 3.6% → 4.5%

Debt vs. cash

Is the balance sheet healthy? Yes, the debt is manageable

Cash$440M
Long-term debt$5.2B
Net debt$4.8B
Years to repay2.3 yrs

Valuation

Is the stock price reasonable? Yes, about fair

P/E53.0×
Fair P/E for its growth46×
P/FCF55.0×
Forward P/E30.5×
EV / EBITDA29.4×

At 53.0× earnings it trades close to the 46× that 25% a year of growth would justify. At 55.0× free cash flow it trades above that same mark.

The financials, five years deep

Pulled from Quanta Services's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

FY2025FY2024FY2023FY2022FY2021
Revenue growth
Revenue$28.5B$23.7B$20.9B$17.1B$13.0B
Change on the year+20%+13%+22%+32%—
Free cash flow
Free cash flow$1.6B$1.5B$1.1B$703M$197M
Of revenue6%6%5%4%2%
Profit margins
Gross margin15.0%14.8%14.1%14.8%15.0%
Operating margin5.7%5.7%5.4%5.1%5.1%
Net margin3.6%3.8%3.6%2.9%3.7%
Debt vs. cash
Cash$440M$742M$1.3B$429M$229M
Long-term debt$5.2B$4.1B$3.7B$3.7B$3.7B
Net cash (debt)−$4.8B−$3.4B−$2.4B−$3.3B−$3.5B

What Quanta Services says it does

OVERVIEW Quanta Services, Inc. (together with its subsidiaries, “Quanta,” “we,” “us” or “our”) is a leading provider of comprehensive infrastructure solutions for the electric and gas utility, power generation, large load center, manufacturing, communications, pipeline and energy industries in the United States, Canada, Australia and select other international markets. We provide design, engineering, procurement, construction, upgrade and repair and maintenance services for infrastructure within each of these industries, including electric power transmission and distribution networks; substation facilities; wind, solar and gas power generation and transmission and battery storage facilities; low voltage electrical, mechanical, plumbing and process infrastructure for large load centers, such as data center, advanced manufacturing, healthcare, pharmaceutical and industrial facilities; communications and cable multi-system operator…

Risk factors PWR lists in its 10-K

Filings

Open PWR in the deck

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