Quanta Services (PWR): financials, SEC filings and peers
Quanta Services (PWR) is a construction & engineering company in the Industrials sector of the S&P 500, headquartered in Houston, Texas.
It was founded in 1997 and joined the S&P 500 on July 1, 2009.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Electrical Work”.
Quanta Services at a glance
- Revenue (12 months)
- $37.3B
- Revenue growth
- +37.1%
- Operating margin
- 6.8%
- Net income (12 months)
- $1.7B
- Free cash flow (12 months)
- $3.2B
- Cash
- $2.3B
- Debt
- $7.0B
- Diluted EPS (12 months)
- $11.04
Twelve months to September 30, 2026, from the 10-Q filed October 29, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Quanta Services reported revenue of $37.3 billion, up a strong 37.1% from $27.2 billion a year earlier.
Its operating margin was 6.8%, up 1.0 percentage points from a year earlier: for every $100 of sales, about $7 was left as operating profit.
Net income was $1.7 billion (4.5% of revenue), 65.2% higher than a year earlier.
Operating cash flow was $4.1 billion and capital spending $913 million, leaving free cash flow of $3.2 billion (8.5% of revenue).
At the end of the period it held $2.3 billion in cash and $7.0 billion in debt, a net debt position of $4.7 billion.
Five-year trend
- Revenue went from $11.2 billion in fiscal 2020 to $28.5 billion in fiscal 2025, about 20.5% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin has been steady, around 5.7%.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $13.0B | $17.1B | $20.9B | $23.7B | $28.5B |
| Revenue growth | 15.9% | 31.5% | 22.3% | 13.4% | 20.3% |
| Operating margin | 5.1% | 5.1% | 5.4% | 5.7% | 5.7% |
| Net income | $486M | $491M | $745M | $905M | $1.0B |
| Free cash flow | $197M | $703M | $1.1B | $1.5B | $1.6B |
| Diluted EPS | $3.34 | $3.32 | $5.00 | $6.03 | $6.80 |
Fiscal years as reported in Quanta Services’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed October 29, 2026 — quarterly report
- 8-K filed October 29, 2026 — Earnings results; Regulation FD disclosure
- 8-K filed September 15, 2026 — Executive or director change; Regulation FD disclosure
- 8-K filed August 6, 2026 — Material agreement; New debt obligation
- 8-K filed August 4, 2026 — Material agreement; Regulation FD disclosure
- 10-Q filed July 30, 2026 — quarterly report
- 8-K filed July 30, 2026 — Earnings results; Regulation FD disclosure
- 8-K filed May 27, 2026 — Shareholder vote results; Other event
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Questions about Quanta Services
Is Quanta Services's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $37.3 billion, up 37.1% from a year earlier, according to its SEC filings.
Is Quanta Services profitable?
Yes. It earned $1.7 billion in net income over the twelve months to September 30, 2026, a net margin of 4.5%.
Does Quanta Services have more cash or more debt?
At September 30, 2026 it had $2.3 billion in cash and $7.0 billion in debt, so more debt than cash.
When did Quanta Services last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on October 29, 2026.
Which companies are similar to Quanta Services?
In the S&P 500, Quanta Services is grouped in Construction & Engineering within the Industrials sector. Emcor (EME), Comfort Systems USA (FIX), Jacobs Solutions (J) are in the same group.
Understand the numbers
Source: Quanta Services’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.