Quanta Services

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

                    Revenue
                    FY2025
                
$28.5B
                    3y CAGR +18.6%
                    
                    P100
                    
                    +20.3%
                    
                    Net income
                    FY2025
                
$1.0B
                    Net margin +3.6%
                    
                    P9
                    
                    +13.7%
                    
                    Total assets
                    FY2025
                
$24.9B
                    ROA +4.1%
                    
                    P14
                    
                    +33.4%
                    
                    Operating cash flow
                    FY2025
                
$2.2B
                    FCF margin +5.3%
                    
                    P11
                    
                    +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

30 accounts · 5 years

Total assets $24.9B

Total liabilities $15.9B

Shareholders equity $8.9B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$439.5M -40.8%	$742.0M -42.5%	$1.3B 201.1%	$428.5M 87.0%	$229.1M
Accounts Receivable	$6.8B 32.4%	$5.2B 17.2%	$4.4B 20.0%	$3.7B 8.1%	$3.4B
Inventory	$370.4M 42.4%	$260.2M 48.1%	$175.7M 70.1%	$103.3M 22.0%	$84.7M
Prepaid Expenses	$724.3M 54.3%	$469.3M 21.2%	$387.1M 55.1%	$249.6M 16.1%	$215.1M
Other Current Assets	$1.5B 25.9%	$1.2B -14.5%	$1.4B 30.8%	$1.1B 34.4%	$803.5M
Total Current Assets	$9.9B 26.1%	$7.9B 2.3%	$7.7B 38.7%	$5.5B 17.0%	$4.7B
Property,Plant and Equipment	$3.5B 28.0%	$2.7B 15.5%	$2.3B 15.1%	$2.0B 5.8%	$1.9B
Operating Lease Assets	$400.8M 33.7%	$299.9M 20.2%	$249.4M 8.6%	$229.7M -4.5%	$240.6M
Goodwill	$7.3B 37.6%	$5.3B 31.4%	$4.0B 12.8%	$3.6B 1.6%	$3.5B
Intangible Assets	$2.9B 56.2%	$1.9B 36.6%	$1.4B -6.6%	$1.5B -19.0%	$1.8B
Other Noncurrent Assets	$944.0M 44.0%	$655.7M 15.9%	$565.6M -9.2%	$622.7M -1.5%	$632.2M
Total Assets	$24.9B 33.4%	$18.7B 15.1%	$16.2B 20.6%	$13.5B 4.7%	$12.9B
Liabilities
Accounts Payable	$4.6B 23.0%	$3.7B 21.6%	$3.1B 42.2%	$2.2B -4.5%	$2.3B
Deferred Revenue	$3.3B 51.6%	$2.1B 39.7%	$1.5B 34.8%	$1.1B 42.2%	$802.9M
Current Portion of Long Term Debt	$763.9M 1118.7%	$62.7M -88.3%	$535.2M 1327.4%	$37.5M 28.6%	$29.2M
Operating Lease Liabilities	$114.4M 21.5%	$94.2M 20.7%	$78.0M 5.3%	$74.1M -5.4%	$78.3M
Total Current Liabilities	$8.7B 44.6%	$6.0B 15.6%	$5.2B 53.0%	$3.4B 7.6%	$3.2B
Long Term Debt	$5.2B 27.6%	$4.1B 11.9%	$3.7B -0.8%	$3.7B -0.9%	$3.7B
Operating Lease Liabilities Noncurrent	$309.7M 39.3%	$222.4M 18.9%	$187.0M 9.0%	$171.5M 0.6%	$170.4M
Deferred Tax Liabilities	$502.6M 42.3%	$353.3M 39.1%	$254.0M 11.5%	$227.9M 19.2%	$191.1M
Other Noncurrent Liabilities	$1.1B 75.2%	$650.3M 2.2%	$636.2M 12.1%	$567.5M 16.5%	$487.3M
Total Liabilities	$15.9B 40.0%	$11.4B 14.1%	$10.0B 23.4%	$8.1B 4.2%	$7.7B
Equity
Common Stock	$2.0K 0.0%	$2.0K 0.0%	$2.0K 0.0%	$2.0K 0.0%	$2.0K
Additional Paid In Capital	$4.3B 24.2%	$3.4B 14.7%	$3.0B 10.4%	$2.7B 4.0%	$2.6B
Retained Earnings	$6.7B 16.9%	$5.7B 17.5%	$4.9B 16.7%	$4.2B 12.1%	$3.7B
Treasury Stock	$1.7B 16.9%	$1.5B 11.9%	$1.3B 9.9%	$1.2B 21.2%	$980.3M
Accumulated Other Comprehensive Income	$-307.2M 17.6%	$-372.7M -31.7%	$-282.9M 8.9%	$-310.7M -30.7%	$-237.7M
Total Stockholders Equity	$8.9B 22.1%	$7.3B 16.7%	$6.3B 16.5%	$5.4B 5.3%	$5.1B
Noncontrolling Interest	$89.6M 647.7%	$12.0M 7.8%	$11.1M -27.6%	$15.4M 232.4%	$4.6M
Total Liabilitiesand Equity	$24.9B 33.4%	$18.7B 15.1%	$16.2B 20.6%	$13.5B 4.7%	$12.9B

Income Statement

Revenue, expense, and profitability

18 accounts · 5 years

Revenue $28.5B

Operating income $1.6B

Net income $1.0B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$28.5B 20.3%	$23.7B 13.4%	$20.9B 22.3%	$17.1B 31.5%	$13.0B
Expenses Cost of Revenue	$24.2B 20.1%	$20.2B 12.4%	$17.9B 23.4%	$14.5B 31.9%	$11.0B
Other Income Expense Gross Profit	$4.3B 21.8%	$3.5B 19.5%	$2.9B 16.1%	$2.5B 29.5%	$2.0B
Expenses Selling,General and Administrative	$2.2B 20.0%	$1.8B 17.3%	$1.6B 16.3%	$1.3B 15.6%	$1.2B
Expenses Depreciation and Amortization	$498.8M 30.2%	$383.0M 32.5%	$289.0M -18.4%	$354.0M 114.1%	$165.4M
Expenses Other Operating Expenses	$-24.4M 43.7%	$-43.4M -23.9%	$-35.0M -4.3%	$-33.6M -6.3%	$-31.6M
Other Income Expense Operating Income	$1.6B 19.7%	$1.3B 19.4%	$1.1B 29.3%	$872.1M 31.4%	$663.5M
Other Income Expense Interest Income	$15.7M -51.5%	$32.4M 199.2%	$10.8M 315.6%	$2.6M -18.4%	$3.2M
Other Income Expense Interest Expense	$261.4M 29.0%	$202.7M 8.4%	$186.9M 50.3%	$124.4M 80.5%	$68.9M
Other Income Expense Other Income/expense	$23.7M -33.8%	$35.8M 98.4%	$18.1M 138.9%	$-46.4M -285.0%	$25.1M
Other Income Expense Income Before Tax	$1.4B 14.6%	$1.2B 25.0%	$970.0M 37.8%	$703.9M 13.0%	$622.9M
Income Tax Income Tax Expense	$347.6M 22.1%	$284.7M 29.9%	$219.3M 14.1%	$192.2M 46.8%	$130.9M
net Income Other Items Below Tax	$-13.5M 39.7%	$-22.5M -274.3%	$-6.0M 70.7%	$-20.5M -239.4%	$-6.0M
net Income net Income	$1.0B 13.7%	$904.8M 21.5%	$744.7M 51.6%	$491.2M 1.1%	$486.0M
net Income Comprehensive Income	$1.1B 34.2%	$815.1M 5.5%	$772.4M 84.7%	$418.2M -13.1%	$481.3M
Earnings Per Share Basic Eps	$7 12.2%	$6 20.1%	$5 50.0%	$3 -0.9%	$3
Earnings Per Share Diluted Eps	$7 12.8%	$6 20.6%	$5 50.6%	$3 -0.6%	$3
Earnings Per Share Weighted Average Shares Diluted	$151.3M 0.8%	$150.1M 0.8%	$148.8M 0.6%	$148.0M 1.8%	$145.4M

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $2.2B

Investing cash flow $-3.8B

Financing cash flow $1.3B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$1.0B 12.4%	$927.3M 23.5%	$750.7M 46.7%	$511.6M 4.0%	$492.0M
Operating Activities Depreciation and Amortization	$910.3M 22.6%	$742.4M 20.9%	$613.8M -4.8%	$644.6M 53.1%	$420.9M
Operating Activities Stock Based Compensation	$181.9M 20.9%	$150.5M 18.7%	$126.8M 20.0%	$105.6M 19.6%	$88.3M
Operating Activities Changes In Operating Assets and Liabilities	$16.0M -93.5%	$246.2M 293.1%	$62.6M 127.3%	$-229.7M 49.8%	$-457.7M
Operating Activities Other Non Cash Items	$79.8M 435.6%	$14.9M -32.5%	$22.1M -60.6%	$56.1M 336.2%	$12.9M
Operating Activities net Cash From Operating Activities	$2.2B 7.1%	$2.1B 32.1%	$1.6B 39.4%	$1.1B 94.1%	$582.4M
Investing Activities Capital Expenditures	$-712.5M -18.0%	$-604.1M -38.9%	$-434.8M -1.7%	$-427.6M -10.8%	$-385.9M
Investing Activities Business Acquisitions	$-3.1B -74.8%	$-1.7B -167.9%	$-651.6M -234.0%	$-195.1M 92.0%	$-2.5B
Investing Activities Purchases of Investments	$-148.9M -81.9%	$-81.9M -986.3%	$-7.5M 90.3%	$-78.1M 43.8%	$-139.0M
Investing Activities Proceeds From Sale of Investments	$17.0M -41.8%	$29.2M -30.8%	$42.3M 104.8%	$20.6M -29.1%	$29.1M
Investing Activities Other Investing Activities	$65.6M -39.4%	$108.1M 74.3%	$62.0M -1.5%	$63.0M 28.9%	$48.9M
Investing Activities net Cash From Investing Activities	$-3.8B -67.0%	$-2.3B -131.8%	$-989.6M -60.3%	$-617.2M 78.7%	$-2.9B
Financing Activities Proceeds From Debt	$54.5B 158.1%	$21.1B 16.2%	$18.2B 95.5%	$9.3B 36.7%	$6.8B
Financing Activities Repayment of Debt	$-52.8B -148.8%	$-21.2B -19.4%	$-17.8B -90.6%	$-9.3B -118.6%	$-4.3B
Financing Activities Repurchase of Common Stock	$-134.6M	$0 100.0%	$-400.0K 99.7%	$-127.8M -91.6%	$-66.7M
Financing Activities Dividends Paid	$-60.4M -11.5%	$-54.2M -13.5%	$-47.8M -16.3%	$-41.1M -20.7%	$-34.0M
Financing Activities Tax Withholding On Stock Based Compensation	$-112.3M 27.8%	$-155.6M -29.8%	$-119.8M -45.0%	$-82.6M -27.1%	$-65.0M
Financing Activities Other Financing Activities	$-162.0M -4139.1%	$-3.8M -113.8%	$27.7M 176.4%	$-36.3M -217.5%	$-11.4M
Financing Activities net Cash From Financing Activities	$1.3B 517.2%	$-305.6M -213.8%	$268.5M 186.3%	$-311.1M -113.2%	$2.4B
Cash Reconciliation Effect of Exchange Rate On Cash	$22.8M 175.4%	$-30.3M -530.9%	$7.0M 1071.6%	$-723.0K -270.1%	$425.0K
Cash Reconciliation net Change In Cash	$-303.2M 44.8%	$-549.0M -163.7%	$861.8M 328.1%	$201.3M 346.6%	$45.1M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+15.0%	+14.8%	+14.1%	+14.8%	+15.0%
Operating margin	+5.7%	+5.7%	+5.4%	+5.1%	+5.1%
Net margin	+3.6%	+3.8%	+3.6%	+2.9%	+3.7%
FCF margin	+5.3%	+6.2%	+5.5%	+4.1%	+1.5%
Growth
Revenue CAGR (3y)	+18.6%	+22.2%	+23.1%	+12.1%	+5.1%
Returns
ROE	+11.5%	+12.4%	+11.9%	+9.1%	+9.5%
ROA	+4.1%	+4.8%	+4.6%	+3.6%	+3.8%
ROIC	+8.3%	+9.6%	+9.5%	+7.3%	+6.1%
Liquidity
Current ratio	1.14x	1.30x	1.47x	1.63x	1.50x
Quick ratio	0.84x	0.98x	1.09x	1.20x	1.15x
Leverage
D/E	1.78x	1.55x	1.59x	1.50x	1.51x
Interest coverage	6.16x	6.64x	6.03x	7.01x	9.63x
Efficiency
Asset turnover	1.14x	1.27x	1.29x	1.27x	1.01x
Cash conversion cycle	+24d	+17d	+18d	+27d	+24d

Valuation

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FY2025 fundamentals · no price

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Quanta Services

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