Quanta Services (PWR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Quanta Services

NYSE•Industrials•Engineering & Construction

$620.73-14.45(-0.02%)Market closed

Market Cap

$93.51B

P/E

55.6x

P/S

2.5x

P/B

8.9x

Quanta Services, Inc. offers infrastructure solutions for the electric and gas utility, power generation, load center, manufacturing, communications, pipeline, and energy industries. 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.

How this company scores

ExcellentMetricSide Score: 81/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (14/25).

Profitability18/25

Growth24/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowHigh ROERising earnings

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 55.6x5y range 33.2x – 80.9x

Currently near its 20-quarter median.

P/S · 2.5x5y range 1.1x – 3.3x

Currently above its 20-quarter median.

P/B · 8.9x5y range 3.2x – 11.1x

Price & Volume

Market Cap $93.51B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $37.29B
Q. Revenue: $12.01B
TTM EBITDA: $3.65B
TTM Op. Income: $2.55B
Q. Op. Income: $1.03B
TTM Net Income: $1.68B
Q. Net Income: $694.86M
EPS: $4.62
Shares Out.: $150.53M

$37.29B in TTM revenue grew 37.1% YoY, reaching $12.01B last quarter. TTM EBITDA of $3.65B and TTM operating income of $2.55B show growth is flowing through to the bottom line. TTM net income of $1.68B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 16.7%
EBITDA Margin: 11.1%
Op. Margin: 8.5%
Net Margin: 5.8%

Op. margin of 8.5% is up 1.8% YoY — cost efficiency is improving. Net margin at 5.8% and gross margin of 16.7% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 55.6x
P/S Ratio: 2.5x
P/B Ratio: 8.9x

At 55.6x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.5x and P/B of 8.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 7% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $32.75B
Cash: $2.32B
Long-Term Debt: $6.35B
Book Value: $10.54B
D/E Ratio: 0.6
Debt/EBITDA: 4.8

With $32.75B in assets and $6.35B in long-term debt, D/E is 0.6and book value is $10.54B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 9% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.45B
TTM Free Cash Flow: $3.16B
FCF Margin: 8.5%
FCF / Net Income: 1.9

TTM FCF of $3.16B on $1.45B in operating cash flow. The FCF / Net Income ratio of 1.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.