Quanta Services, Inc.
- Open
- 662.00
- Day high
- 664.95
- Day low
- 651.13
- Prev close
- 668.17
- Volume
- 713K
- Mkt cap
- $100.3B
- P/E (TTM)
- 90.7
- EPS (TTM)
- $7.26
- P/B
- 11.1
- P/S
- 3.3
- Yield
- 0.06%
- Per share
- $0.43
- ▼Insiders net selling -$123.2M over the last 3 months (0 open-market buys, 27 sales)
- 🏛Institutions accumulating (13F)
Quanta Services, Inc. (PWR) is a Industrials company listed on NYSE. The stock is up 74% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 27 sales (SEC Form 4). Drillr has 3 published research articles covering PWR.
Quanta Services, Inc. (PWR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PWR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $2.04 | $2.68 | +31.4% | $7.9B | +12.5% |
| Feb 19, 2026 | $3.02 | $3.16 | +4.6% | $7.8B | +6.5% |
| Oct 30, 2025 | $3.25 | $3.33 | +2.5% | $7.5B | +1.3% |
| Jul 31, 2025 | $2.44 | $2.48 | +1.6% | $6.8B | +3.2% |
| May 1, 2025 | $1.67 | $1.78 | +6.6% | $6.2B | +6.3% |
| Feb 20, 2025 | $2.62 | $2.94 | +12.2% | $6.6B | -0.9% |
| Oct 31, 2024 | $2.68 | $2.72 | +1.5% | $6.5B | -1.0% |
| Aug 1, 2024 | $1.89 | $1.90 | +0.5% | $5.6B | +1.6% |
| May 2, 2024 | $1.29 | $1.41 | +9.3% | $5.0B | +1.9% |
| Feb 22, 2024 | $1.98 | $2.04 | +3.0% | $5.8B | +11.7% |
| Nov 2, 2023 | $2.11 | $2.24 | +6.2% | $5.6B | +6.9% |
| Aug 3, 2023 | $1.67 | $1.65 | -1.2% | $5.0B | +7.3% |
PWR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 3, 2026 | Ladhani Holli C.director | Option | 559 | — |
| Jun 3, 2026 | JACKMAN WORTHINGdirector | Option | 559 | — |
| Jun 3, 2026 | Beneby Doyle Ndirector | Option | 870 | — |
| Jun 3, 2026 | BAXTER WARNER Ldirector | Option | 559 | — |
| Jun 3, 2026 | WYRSCH MARTHA Bdirector | Option | 559 | — |
| Jun 3, 2026 | Rowe Robert Scottdirector | Option | 559 | — |
| Jun 3, 2026 | FRIED BERNARDdirector | Option | 559 | — |
| Jun 1, 2026 | FRIED BERNARDdirector | Option | 4,823 | — |
| May 26, 2026 | Rowe Robert Scottdirector | Grant | 249 | — |
| May 26, 2026 | VALENTIN RAUL JAVIERdirector | Option | 559 | — |
| May 26, 2026 | dePass Olsovsky Josephine Ann Mariedirector | Grant | 249 | — |
| May 26, 2026 | Beneby Doyle Ndirector | Grant | 387 | — |
| May 26, 2026 | BAXTER WARNER Ldirector | Grant | 249 | — |
| May 26, 2026 | JACKMAN WORTHINGdirector | Grant | 249 | — |
| May 26, 2026 | WYRSCH MARTHA Bdirector | Grant | 249 | — |
Source: PWR SEC Form 4 filings, latest Jun 3, 2026. For informational purposes only — not investment advice.
See the full PWR insider & 13F page →PWR research & analysis
Ukraine Aid Surge: Why LMT, RTX, CAT and PWR Are Primed for a Revenue Windfall
European ministers' Ukraine visit highlights surging military aid and reconstruction, benefiting US defense leaders like RTX and LMT via munitions replenishment, and infrastructure firms CAT and PWR through rebuild contracts. With Europe committing billions, these six stocks offer tailwinds from 5-20% revenue growth and strong FCF. Ranked by conviction: RTX tops for balanced exposure.
NOCBARTXCan power infrastructure companies like GEV and ETN sustain premium multiples as AI capex normalizes?
Power infrastructure stocks GEV, ETN, APH, VRT, and PWR have delivered extraordinary returns on AI data center demand, but trade at 27–59x forward earnings. Eaton and Amphenol offer the best risk-reward with proven margins and order momentum, while GE Vernova and Vertiv carry the highest valuation risk if hyperscaler capex normalizes.
GEVETNAPHWhich GPU and power infrastructure suppliers capture the most from Oracle's $39B capex surge?
Oracle's capital expenditure has surged to a $40B+ annualized run rate in FY2026, with $12B spent in the most recent quarter alone — nearly doubling FY2025's $21.2B total. NVIDIA captures the largest share through GPU sales, while Vertiv (power/cooling, +214% 1Y return) and Quanta Services (electrical infrastructure, +128% 1Y return) offer leveraged exposure to the physical buildout layer.
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Quanta Services, Inc. company profile
Overview
Quanta Services, Inc. (NYSE:PWR) is a leading specialty contracting services company founded in 1997 and headquartered in Houston, Texas. Originally incorporated as Fabal Construction, Inc., the company changed its name to Quanta Services in November 1997 and went public in February 1998. Over more than two decades, Quanta has evolved into one of North America's largest infrastructure contractors, specializing in electric power, renewable energy, and underground utility infrastructure. The company has achieved record financial performance in recent years, driven by the ongoing energy transition and increasing demand for grid modernization across the United States.
Business
Quanta Services operates in the specialty contracting industry, providing comprehensive infrastructure solutions across three primary business segments. The company's core business revolves around designing, building, upgrading, repairing, and maintaining critical energy infrastructure that powers modern society. The Electric Power Infrastructure Solutions segment represents the largest portion of Quanta's business, generating approximately 40-45% of total revenues. This segment focuses on electric power transmission and distribution infrastructure, including high-voltage transmission lines, substations, and distribution networks. The work includes both routine maintenance and major construction projects, such as building new transmission corridors to connect renewable energy sources to population centers. This segment also provides emergency restoration services when natural disasters damage power infrastructure, and installs smart grid technologies that modernize electrical networks. The Renewable Energy Infrastructure Solutions segment accounts for roughly 25-30% of revenues and specializes in constructing wind farms, solar installations, and battery storage facilities. As utilities and corporations increasingly commit to clean energy goals, this segment has experienced significant growth. The work involves everything from installing wind turbines and solar panels to building the electrical infrastructure that connects these renewable sources to the power grid. The Underground Utility and Infrastructure Solutions segment comprises approximately 20-25% of revenues and focuses on pipeline infrastructure for natural gas, oil, and other energy products. This includes designing and constructing pipeline systems, compressor stations, and storage facilities. The segment also handles pipeline maintenance and integrity services, ensuring safe and reliable energy transportation across vast networks. Beyond these core segments, Quanta provides specialized services including aviation support for transmission line construction, telecommunications infrastructure, and training services for utility workers through partnerships with institutions like Northwest Lineman College.
Revenue model
Quanta Services operates on a project-based contracting model, generating revenue primarily through fixed-price contracts and cost-plus arrangements with utility companies, renewable energy developers, and pipeline operators. The company's customers include investor-owned utilities, municipal utilities, cooperatives, independent power producers, and energy companies who pay for Quanta's specialized construction and maintenance services. Revenue streams include both large-scale construction projects that can span multiple years and ongoing maintenance contracts that provide steady, recurring income. Master Service Agreements (MSAs) with utility customers represent a significant portion of the business, providing predictable revenue streams for routine maintenance, emergency response, and smaller capital projects. These MSAs typically run for multiple years and are renewed regularly, creating business stability. The company's profitability is influenced by several factors that can expand or compress margins. Positive margin drivers include the specialized nature of Quanta's services, which limits competition and supports pricing power. The company's scale allows for efficient resource allocation across projects and geographies, while its skilled workforce commands premium rates. Additionally, emergency restoration work typically carries higher margins due to the urgent nature and specialized requirements. Margin pressures can arise from labor cost inflation, as skilled craft workers are in high demand across the industry. Supply chain constraints, particularly for specialized equipment like transformers and switchgear, can delay projects and increase costs. Weather-related delays impact productivity, especially for outdoor construction work. Competitive bidding on large projects can compress margins, though Quanta's specialized capabilities often provide differentiation. Material cost inflation, particularly for steel, copper, and other commodities used in infrastructure construction, directly impacts project economics. The company's diversified portfolio across multiple infrastructure types and geographic regions helps mitigate these risks while positioning it to capitalize on the multi-decade infrastructure investment cycle driven by grid modernization, renewable energy expansion, and increasing electricity demand from data centers and artificial intelligence applications.
Competitive moat
Quanta Services possesses a moderate to strong competitive moat built primarily on specialized expertise, scale advantages, and high barriers to entry in critical infrastructure markets. The company's moat stems from several key factors that create meaningful competitive advantages. The most significant moat element is Quanta's specialized skilled workforce of over 62,000 employees trained in highly technical craft skills. Building transmission lines, substations, and renewable energy facilities requires specialized knowledge that takes years to develop. The company's investment in training programs, including partnerships with institutions like Northwest Lineman College, creates a sustainable talent pipeline that competitors struggle to replicate quickly. This skilled labor shortage across the industry gives Quanta pricing power and customer stickiness. Scale and geographic diversification provide additional competitive advantages. Quanta's size allows it to handle the largest, most complex infrastructure projects that smaller competitors cannot undertake. The company can mobilize resources across multiple states and regions, providing utilities with comprehensive solutions. This scale also enables investment in specialized equipment and technology that smaller players cannot afford. Long-term customer relationships through Master Service Agreements create switching costs and recurring revenue streams. Utilities value reliability and proven performance records when selecting contractors for critical infrastructure work, making it difficult for new entrants to displace established relationships. However, the moat faces potential challenges. Competition from other large contractors like EMCOR, MasTec, and regional players can pressure margins on large projects. The industry's cyclical nature tied to utility capital spending cycles can create periods of intense competition. Additionally, technological disruption in construction methods or automation could potentially reduce the advantage of skilled labor over time. The regulatory environment and utility procurement processes can also impact competitive dynamics, though these factors generally favor established players with proven track records. Overall, Quanta's moat appears sustainable in the medium term, supported by the multi-decade infrastructure investment cycle and ongoing energy transition, though continuous investment in workforce development and technological capabilities remains essential to maintain competitive advantages.
Risks & safety
Quanta Services demonstrates a strong margin of safety with solid financial fundamentals and manageable risk levels, though current valuation metrics suggest limited downside protection at recent price levels. **Financial Stability:** • Cash position of $521 million with strong free cash flow generation ($1.48 billion in FY 2024) • Current ratio of 1.31 indicates adequate liquidity to meet short-term obligations • Debt-to-equity ratio of 0.61 represents moderate leverage levels • No immediate solvency concerns with strong cash flow from operations ($2.08 billion in FY 2024) **Valuation Metrics:** • Price-to-earnings ratio of 51.3x appears elevated for an industrial contractor • EV/EBITDA of 23.3x suggests premium valuation relative to historical norms • Price-to-book ratio of 6.3x indicates market expectations for continued growth • Graham number of $83.07 versus current price suggests potential overvaluation **Other Considerations:** • Record backlog of $35.3 billion provides revenue visibility and earnings stability • Diversified revenue streams across multiple infrastructure segments reduce concentration risk • Strong market position in growing end markets (renewable energy, grid modernization) supports long-term prospects • Cyclical nature of utility capital spending could impact future performance during economic downturns
Recent development
Over the past several years, Quanta Services has executed a strategic transformation focused on positioning the company at the center of America's energy infrastructure modernization. The company has significantly expanded its capabilities through targeted acquisitions, most notably the purchase of Cupertino Electric (CEI) for approximately $2.7 billion, which added comprehensive electrical contracting capabilities and expanded Quanta's presence in technology-driven markets including data centers. The company has also made smaller strategic acquisitions to enhance its supply chain resilience, including purchasing Pennsylvania Transformer Technology (PTT) and a transformer manufacturing company in upstate New York. These moves reflect Quanta's strategy to reduce dependence on constrained supply chains for critical equipment while building domestic manufacturing capabilities. Workforce expansion has been a major strategic priority, with the company growing from approximately 53,000 to over 62,000 employees. Quanta has invested heavily in training and development programs, partnering with institutions like Northwest Lineman College to build a pipeline of skilled craft workers. This investment addresses the industry-wide shortage of qualified workers while creating a competitive advantage. The company has positioned itself to capitalize on emerging opportunities in artificial intelligence and data center infrastructure, recognizing that these technologies are driving unprecedented electricity demand growth. Quanta's comprehensive approach allows it to provide end-to-end solutions for the complex infrastructure requirements of hyperscale data centers. Market diversification has been another key strategic move, with Quanta expanding internationally through acquisitions in Australia and strengthening its civil construction capabilities in the southeastern United States. The company has also broadened its renewable energy portfolio beyond traditional wind and solar to include battery storage systems and emerging technologies. Recent strategic initiatives include upgrading the company's credit rating to BBB, enabling more favorable financing for growth investments, and implementing opportunistic share repurchase programs to return capital to shareholders while maintaining investment flexibility.
PWR company profile · for informational purposes only — not investment advice.
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