PWR Financials Quanta Services

10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Nov 1, 2026, 10:32 UTC Overview →

Growth & profitability

Revenue has grown 20.5% per year over the past 5 years.
Net income has grown slower than revenue (18.5% vs 20.5% per year).
Operating margin has been roughly flat, at 5.7% in the latest year.
Free cash flow has grown 13.6% per year over the past 5 years.

Financial health

Total debt has grown faster than revenue (75.0% vs 20.5% per year).
Operating income covered interest expense 6.2× in the latest year.

Shareholder returns

Dividends have been paid for 7 consecutive years, consuming 5.8% of earnings and 3.7% of free cash flow.
The dividend has grown 15.9% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$28.5B	$1.0B	15.0%	5.7%	11.7%	4.2%	$1.6B	—	$440M
2024	$23.7B	$927M	14.8%	5.7%	12.7%	5.0%	$1.5B	—	$742M
2023	$20.9B	$751M	14.1%	5.4%	12.0%	4.6%	$1.1B	—	$1.3B
2022	$17.1B	$512M	14.8%	5.1%	9.5%	3.8%	$703M	—	$429M
2021	$13.0B	$492M	15.0%	5.1%	9.6%	3.8%	$197M	—	$229M
2020	$11.2B	$446M	14.8%	5.5%	10.3%	5.3%	$856M	—	$185M
2019	$12.1B	$402M	13.2%	4.6%	9.9%	4.8%	$265M	—	$165M
2018	$11.2B	$293M	13.2%	4.8%	8.1%	4.1%	$65M	$1.1B	$79M
2017	$9.5B	$315M	13.1%	4.0%	8.3%	4.9%	$127M	$672M	$138M
2016	$7.7B	—	13.3%	4.2%	0.0%	0.0%	—	$361M	$112M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$12.0B	$695M	16.7%	8.5%	6.6%	2.1%	$1.2B	—	$2.3B
Jun '26	$9.6B	$451M	16.2%	7.3%	4.7%	1.6%	$864M	—	$506M
Mar '26	$7.9B	$221M	14.1%	4.3%	2.4%	0.9%	$172M	—	$365M
Dec '25	$7.8B	$315M	15.5%	6.2%	3.5%	1.3%	$934M	—	$440M
Sep '25	$7.6B	$339M	15.9%	6.8%	4.0%	1.5%	$421M	—	$610M
Jun '25	$6.8B	$229M	14.9%	5.5%	2.9%	1.2%	$155M	—	$509M
Mar '25	$6.2B	$144M	13.4%	3.8%	1.9%	0.8%	$110M	—	$521M
Dec '24	$6.6B	$305M	16.2%	6.9%	4.2%	1.6%	$565M	—	$742M
Sep '24	$6.5B	$293M	15.6%	6.6%	4.1%	1.6%	$527M	—	$764M
Jun '24	$5.6B	$188M	14.5%	5.5%	2.9%	1.2%	$230M	—	$518M
Mar '24	$5.0B	$118M	12.4%	3.1%	1.9%	0.8%	$155M	—	$531M
Dec '23	$5.8B	$211M	13.7%	5.6%	3.4%	1.3%	$894M	—	$1.3B
Sep '23	$5.6B	$273M	15.1%	7.1%	4.6%	1.8%	$267M	—	$305M
Jun '23	$5.0B	$166M	14.3%	5.5%	2.9%	1.1%	$22M	—	$362M
Mar '23	$4.4B	$95M	12.9%	2.8%	1.7%	0.7%	-$42M	—	$217M
Dec '22	$4.4B	$163M	15.1%	5.9%	3.0%	1.2%	$493M	—	$429M
Sep '22	$4.5B	$156M	15.4%	6.4%	3.0%	1.2%	$237M	—	$215M
Jun '22	$4.2B	$88M	14.8%	4.9%	1.7%	0.7%	-$3M	—	$151M
Mar '22	$4.0B	$85M	13.8%	3.0%	1.6%	0.7%	-$25M	—	$238M
Dec '21	$3.9B	$105M	15.2%	3.6%	2.0%	0.8%	$97M	—	$229M

Valuation over time

How the market has priced PWR against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 49.1× (Mar '23) to 89.8× (Nov '26).
The price-to-sales ratio has risen from 1.5× (Mar '23) to 3.3× (Nov '26).
The dividend yield has fallen from 0.2% (Mar '23) to 0.1% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is PWR growing its revenue and profit?

Over the past 5 years, Quanta Services's revenue has grown 20.5% per year, and net income grown 18.5% per year. These are computed facts, not advice.

How much debt does PWR have?

As of FY2025, Quanta Services reported — of total debt against $440M of cash; operating income covered interest expense 6.2×.

What is PWR's profit margin?

In FY2025, gross margin was 15.0%, operating margin 5.7%, and net margin 3.7%.

What is PWR's P/E ratio?

Quanta Services's P/E (TTM) is 55.62 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the PWR stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 89.8× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.