Quanta Services

Industrials Construction & Engineering Houston, Texas Last filing Feb 19, 2026 · FY2025

                    Revenue
                    FY2025
                
$28.5B
                    3y CAGR +18.6%
                    
                    P99
                    
                    +20.3%
                    
                    Net income
                    FY2025
                
$1.0B
                    Net margin +3.6%
                    
                    P7
                    
                    +13.7%
                    
                    Total assets
                    FY2025
                
$24.9B
                    ROA +4.1%
                    
                    P15
                    
                    +33.4%
                    
                    Operating cash flow
                    FY2025
                
$2.2B
                    FCF margin +5.7%
                    
                    P13
                    
                    +7.1%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

33 accounts · 3 years

Total assets $24.9B

Total liabilities $15.9B

Shareholders equity $8.9B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	$439.5M -40.8%	$742.0M -42.5%	$1.3B
Accounts Receivable	$6.8B 32.4%	$5.2B 17.2%	$4.4B
Inventory	$370.4M 42.4%	$260.2M 48.1%	$175.7M
Prepaid Expenses	$724.3M 54.3%	$469.3M 21.2%	$387.1M
Other Current Assets	$235.8M	—	—
Total Current Assets	$9.9B 26.1%	$7.9B 2.3%	$7.7B
Property,Plant and Equipment	$3.5B 28.0%	$2.7B 15.5%	$2.3B
Operating Lease Assets	$400.8M 33.7%	$299.9M 20.2%	$249.4M
Goodwill	$7.3B 37.6%	$5.3B 31.4%	$4.0B
Intangible Assets	$2.9B 56.2%	$1.9B 36.6%	$1.4B
Long Term Investments	$70.5M 12.7%	$62.5M 16.1%	$53.9M
Other Noncurrent Assets	$944.0M 44.0%	$655.7M 15.9%	$565.6M
Total Assets	$24.9B 33.4%	$18.7B 15.1%	$16.2B
Liabilities
Accounts Payable	$2.8B 35.1%	$2.1B 3.4%	$2.0B
Accrued Liabilities	$965.2M -0.9%	$974.3M 92.0%	$507.4M
Deferred Revenue	$3.3B 51.6%	$2.1B 39.7%	$1.5B
Current Portion of Long Term Debt	$763.9M 1118.7%	$62.7M -88.3%	$535.2M
Operating Lease Liabilities	$114.4M 21.5%	$94.2M 20.7%	$78.0M
Other Current Liabilities	$1.1B 75.2%	$650.3M 2.2%	$636.2M
Total Current Liabilities	$8.7B 44.6%	$6.0B 15.6%	$5.2B
Long Term Debt	$5.2B 27.6%	$4.1B 11.9%	$3.7B
Operating Lease Liabilities Noncurrent	$309.7M 39.3%	$222.4M 18.9%	$187.0M
Deferred Tax Liabilities	$502.6M -32.7%	$746.3M 16.1%	$642.7M
Other Noncurrent Liabilities	$1.1B 75.2%	$650.3M 2.2%	$636.2M
Total Liabilities	$15.9B 40.0%	$11.4B 14.1%	$10.0B
Equity
Common Stock	$2.0K 0.0%	$2.0K 0.0%	$2.0K
Additional Paid In Capital	$4.3B 24.2%	$3.4B 14.7%	$3.0B
Retained Earnings	$6.7B 16.9%	$5.7B 17.5%	$4.9B
Treasury Stock	$134.6M -90.8%	$1.5B 417316.3%	$350.0K
Accumulated Other Comprehensive Income	$-307.2M 17.6%	$-372.7M -31.7%	$-282.9M
Noncontrolling Interest	$89.6M 647.7%	$12.0M 7.8%	$11.1M
Total Stockholders Equity	$8.9B 22.1%	$7.3B 16.7%	$6.3B
Total Liabilitiesand Equity	$24.9B 33.4%	$18.7B 15.1%	$16.2B

Income Statement

Revenue, expense, and profitability

18 accounts · 3 years

Revenue $28.5B

Operating income $1.6B

Net income $1.0B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	$28.5B 20.3%	$23.7B 13.4%	$20.9B
Expenses Cost of Revenue	$24.2B 20.1%	$20.2B 12.4%	$17.9B
Expenses Selling,General and Administrative	$2.2B 20.0%	$1.8B 17.3%	$1.6B
Expenses Depreciation and Amortization	$411.5M 14.5%	$359.4M 10.6%	$324.8M
Expenses Share Based Compensation	$181.9M 20.9%	$150.5M 18.7%	$126.8M
Other Income Expense Gross Profit	$4.3B 21.8%	$3.5B 19.5%	$2.9B
Other Income Expense Operating Income	$1.6B 19.7%	$1.3B 19.4%	$1.1B
Other Income Expense Interest Income	$15.7M -51.5%	$32.4M 199.2%	$10.8M
Other Income Expense Interest Expense	$261.4M 29.0%	$202.7M 8.4%	$186.9M
Other Income Expense Other Income/expense	$23.7M -33.8%	$35.8M 98.4%	$18.1M
Other Income Expense Income Before Tax	$1.4B 14.6%	$1.2B 25.0%	$970.0M
Income Tax Income Tax Expense	$347.6M 22.1%	$284.7M 29.9%	$219.3M
net Income net Income	$1.0B 13.7%	$904.8M 21.5%	$744.7M
net Income Comprehensive Income	$1.1B 34.2%	$815.1M 5.5%	$772.4M
Earnings Per Share Basic Eps	$7 12.2%	$6 20.1%	$5
Earnings Per Share Diluted Eps	$7 12.8%	$6 20.6%	$5
Earnings Per Share Weighted Average Shares Basic	$148.8M 1.3%	$146.9M 1.2%	$145.2M
Earnings Per Share Weighted Average Shares Diluted	$151.3M 0.8%	$150.1M 0.8%	$148.8M

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 3 years

Operating cash flow $2.2B

Investing cash flow $-3.8B

Financing cash flow $1.3B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	$1.0B 13.7%	$904.8M 21.5%	$744.7M
Operating Activities Depreciation and Amortization	$411.5M 14.5%	$359.4M 10.6%	$324.8M
Operating Activities Stock Based Compensation	$181.9M 20.9%	$150.5M 18.7%	$126.8M
Operating Activities Deferred Income Taxes	$37.6M 551.7%	$-8.3M -318.2%	$3.8M
Operating Activities Changes In Operating Assets and Liabilities	$1.2B 218.3%	$372.8M -2.1%	$380.6M
Operating Activities Other Non Cash Items	$79.8M 435.6%	$14.9M -32.5%	$22.1M
Operating Activities net Cash From Operating Activities	$2.2B 7.1%	$2.1B 32.1%	$1.6B
Investing Activities Capital Expenditures	$609.2M 0.8%	$604.1M 38.9%	$434.8M
Investing Activities Business Acquisitions	$3.1B 74.8%	$1.7B 167.9%	$651.6M
Investing Activities Purchases of Investments	$148.9M 81.9%	$81.9M 986.3%	$7.5M
Investing Activities Other Investing Activities	$-13.6M 55.3%	$-30.5M -516.9%	$7.3M
Investing Activities net Cash From Investing Activities	$-3.8B -67.0%	$-2.3B -131.8%	$-989.6M
Financing Activities Repayment of Debt	$0 -100.0%	$500.0M	$0
Financing Activities Repurchase of Common Stock	$134.6M	$0 -100.0%	$350.0K
Financing Activities Dividends Paid	$61.7M 10.9%	$55.6M 11.6%	$49.8M
Financing Activities Tax Withholding On Stock Based Compensation	$112.3M -27.8%	$155.6M 29.8%	$119.8M
Financing Activities Other Financing Activities	$-59.5M -1455.7%	$-3.8M -111.8%	$32.5M
Financing Activities net Cash From Financing Activities	$1.3B 517.2%	$-305.6M -213.8%	$268.5M
Cash Reconciliation net Change In Cash	$-303.2M 44.8%	$-549.0M -163.7%	$861.8M
Cash Reconciliation Cash At Beginning of Period	$442.8M -40.6%	$746.0M -42.4%	$1.3B
Cash Reconciliation Cash At End of Period	$442.8M -40.6%	$746.0M -42.4%	$1.3B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+15.0%	+14.8%	+14.1%
Operating margin	+5.7%	+5.7%	+5.4%
Net margin	+3.6%	+3.8%	+3.6%
FCF margin	+5.7%	+6.2%	+5.5%
Growth
Revenue CAGR (3y)	+18.6%	+22.2%	+23.1%
Returns
ROE	+11.5%	+12.4%	+11.9%
ROA	+4.1%	+4.8%	+4.6%
ROIC	+8.3%	+9.6%	+9.5%
Liquidity
Current ratio	1.14x	1.30x	1.47x
Quick ratio	0.84x	0.98x	1.09x
Leverage
D/E	1.78x	1.55x	1.59x
Interest coverage	6.16x	6.64x	6.03x
Efficiency
Asset turnover	1.14x	1.27x	1.29x
Cash conversion cycle	+51d	+46d	+39d

Valuation

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FY2025 fundamentals · no price

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Quanta Services

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