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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $28.5B | $2.6B | $1.0B | $1.6B | 11.5% | 20.3% | 13.7% |
| 2024 | $23.7B | $2.2B | $905M | $1.5B | 12.4% | 13.4% | 21.5% |
| 2023 | $20.9B | $1.8B | $745M | $1.1B | 11.9% | 22.3% | 51.6% |
| 2022 | $17.1B | $1.5B | $491M | $703M | 9.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 17,073.90 | 20,882.21 | 23,672.80 | 28,479.70 |
| Operating Revenue | - | 17,073.90 | 20,882.21 | 23,672.80 | 28,479.70 |
| Cost Of Revenue | - | 14,544.75 | 17,945.12 | 20,162.03 | 24,204.62 |
| Gross Profit | - | 2,529.16 | 2,937.09 | 3,510.76 | 4,275.08 |
| Operating Expense | - | 1,690.68 | 1,844.15 | 2,207.71 | 2,688 |
| Selling General And Administration | - | 1,336.71 | 1,555.14 | 1,824.75 | 2,189.21 |
| Total Expenses | - | 16,235.43 | 19,789.27 | 22,369.75 | 26,892.62 |
| Operating Income | - | 838.47 | 1,092.94 | 1,303.05 | 1,587.08 |
| Total Operating Income As Reported | - | 872.06 | 1,127.98 | 1,346.47 | 1,611.51 |
| EBITDA | - | 1,472.87 | 1,770.67 | 2,157.04 | 2,561.28 |
| Normalized EBITDA | - | 1,491.75 | 1,777.24 | 2,164.10 | 2,592.49 |
| EBIT | - | 828.25 | 1,156.87 | 1,414.72 | 1,650.95 |
| Interest Income | - | 2.61 | 10.83 | 32.40 | 15.70 |
| Interest Expense | - | 124.36 | 186.91 | 202.69 | 261.44 |
| Net Interest Income | - | -121.76 | -176.08 | -170.28 | -245.74 |
| Other Non Operating Income Expenses | - | -46.42 | 18.06 | 35.84 | 23.74 |
| Other Income Expense | - | -12.83 | 53.10 | 79.26 | 48.17 |
| Interest Income Non Operating | - | 2.61 | 10.83 | 32.40 | 15.70 |
| Interest Expense Non Operating | - | 124.36 | 186.91 | 202.69 | 261.44 |
| Net Non Operating Interest Income Expense | - | -121.76 | -176.08 | -170.28 | -245.74 |
| Pretax Income | - | 703.89 | 969.96 | 1,212.03 | 1,389.50 |
| Tax Provision | - | 192.24 | 219.27 | 284.75 | 347.59 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -5.16 | -1.48 | -1.66 | -7.80 |
| Net Income Continuous Operations | - | 511.64 | 750.69 | 927.28 | 1,041.92 |
| Net Income From Continuing And Discontinued Operation | - | 491.19 | 744.69 | 904.82 | 1,028.38 |
| Net Income From Continuing Operation Net Minority Interest | - | 491.19 | 744.69 | 904.82 | 1,028.38 |
| Net Income | - | 491.19 | 744.69 | 904.82 | 1,028.38 |
| Net Income Common Stockholders | - | 491.19 | 744.69 | 904.82 | 1,028.38 |
| Net Income Including Noncontrolling Interests | - | 511.64 | 750.69 | 927.28 | 1,041.92 |
| Normalized Income | - | 504.91 | 749.77 | 910.23 | 1,051.78 |
| Diluted NI Availto Com Stockholders | - | 491.19 | 744.69 | 904.82 | 1,028.38 |
| Basic Average Shares | - | 143.49 | 145.22 | 146.93 | 148.79 |
| Diluted Average Shares | - | 147.99 | 148.82 | 150.06 | 151.29 |
| Reconciled Depreciation | - | 644.62 | 613.80 | 742.32 | 910.33 |
| Reconciled Cost Of Revenue | - | 14,254.10 | 17,620.33 | 19,802.67 | 23,793.08 |
| Total Unusual Items | - | -18.88 | -6.57 | -7.06 | -31.20 |
| Total Unusual Items Excluding Goodwill | - | -18.88 | -6.57 | -7.06 | -31.20 |
| Minority Interests | - | -20.45 | -6 | -22.46 | -13.54 |
| Write Off | 5.74 | 14.46 | - | - | - |
| Impairment Of Capital Assets | 5.74 | 14.46 | 0 | 0 | - |
| Restructuring And Mergern Acquisition | - | 4.42 | 6.57 | 7.06 | 31.20 |
| Depreciation Amortization Depletion Income Statement | - | 353.97 | 289.01 | 382.96 | 498.80 |
| Depreciation And Amortization In Income Statement | - | 353.97 | 289.01 | 382.96 | 498.80 |
| Earnings From Equity Interest | - | 52.47 | 41.61 | 50.48 | 55.64 |
| Amortization | - | 353.97 | 289.01 | 382.96 | 498.80 |
| Amortization Of Intangibles Income Statement | - | 353.97 | 289.01 | 382.96 | 498.80 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Quanta Services, Inc.this co. | PWR | $107.9B | 104.94↑ premium | 12.07 | 11.5% | 44.47 |
| Vertiv Holdings Co | VRT | $124.4B | 93.35 | 31.57 | 33.8% | 58.93 |
| Lockheed Martin Corporation | LMT | $119.7B | 23.85 | 17.81 | 74.6% | 15.73 |
| Parker-Hannifin Corporation | PH | $110.0B | 31.15 | 8.04 | 25.8% | 21.91 |
| Trane Technologies plc | TT | $102.5B |
| - |
| - |
| - |
| - |
| - |
| 35.13 |
| 11.95 |
| 34.0% |
| 24.61 |
| Howmet Aerospace Inc. | HWM | $99.8B | 66.15 | 18.64 | 28.2% | 44.96 |
| United Parcel Service, Inc. | UPS | $93.7B | 16.81 | 5.77 | 34.3% | 9.76 |
| Cummins Inc. | CMI | $93.6B | 32.91 | 7.58 | 23.0% | 18.31 |
| General Dynamics Corporation | GD | $92.4B | 21.94 | 3.60 | 16.4% | 15.52 |
| Peer Median | - | 32.03 | 9.99 | 31.0% | 20.11 | |