Company Analysis

Quanta Services, Inc. (PWR)

NYSE: PWR · Electrical Work · Houston, TX · filing with the SEC since 1997
Grade4.4
◀ Past 4.9● Present 4.4▶ Future 3.5

The grade of Quanta Services, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.4/10
◀ Past4.940% of the headline
● Present4.435% of the headline
▶ Future3.525% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

4.9/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 70th percentile among 5 sector filers · read for itself

From the record

Quanta Services, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.8/10

What has it actually done, year after year?

+15.7% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 48th percentile among 5 sector filers · read for its customers

From the record

Quanta Services, Inc.'s 10 filed years say what it did: revenue went from $7.7 billion in fiscal 2016 to $28 billion in fiscal 2025, up 15.7% a year; it rose in 8 of 9 years; the deepest fall was 8% from fiscal 2019 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span15.7%top 50% of its family
  • the share of years revenue rosebottom 40% of its family
  • the share of filed years with a profittop 30% of its family
  • the deepest fall from a revenue peak7.5%bottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.1/10

How has it treated the people who own it?

Share count grew 0.7% a year. 5% of cash flow returned. Insiders: 35 sales, 0 purchases.

weight 22% of this tense · 21st percentile among 4 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Quanta Services, Inc.'s diluted share count grew about 0.7% a year, and dividends and buybacks returned about 5% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 35 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 30% of its family
  • cash returned against operating cash flowbottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.4/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
3.0/10

Is it financially healthy right now?

ROE 12%: 12¢ of profit per shareholder dollar. Leverage 64%: owes 64¢ per asset dollar.

weight 33% of this tense · 30th percentile among 5 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Quanta Services, Inc. earned about 12 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 17 cents per dollar of everything the company owns. Leverage: it owed about 64 cents per dollar of assets, and net share issuance: its share count grew 0.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 30% of its family
  • return on equitybottom 30% of its family
  • gross profit against assetsbottom 30% of its family
  • the share count against the year beforebottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.3/10

How strong is its position in its industry?

top 37% of 5 in its family; net margin 3.7%.

weight 45% of this tense · 63rd percentile among 5 sector filers · read for its customers

From the record

Quanta Services, Inc.'s standing among 5 graded names in its industry family: revenue of $28 billion in fiscal 2025 ranks in the top 12% by size; a net margin of 3.7% ranks in the bottom 30%; revenue growth of 18.6% a year over the last 3 filed years ranks in the top 30% (its annual reports).

What it rests on

  • revenue against the family$28.48Btop 12% of its family
  • net margin3.7%bottom 30% of its family
  • three-year revenue growth18.6%top 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.9/10

What are the people in charge doing?

bottom 29% of 4 in its family for leadership; chief executive since 2016.

weight 22% of this tense · 29th percentile among 4 sector filers · read for its shareholders

From the record

Quanta Services, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Austin, Earl C. Jr. (President and CEO, as filed), filing under that title since 2016-04-01, 10.6 years (bottom 38% of its family); the 17 officers and directors filing in the last fifteen months have been on the record a median of 4.3 years (bottom 13%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 17 people in charge now (bottom 38%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge7 in three years among 17 peoplebottom 38% of its family
  • the median years the people in charge have filed4.3 yearsbottom 13% of its family
  • the chief executive's years on the record10.6 yearsbottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.5/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.3/10

How much room does it have to grow?

bottom 23% of 5 in its family for room to expand.

weight 33% of this tense · 23rd percentile among 5 sector filers · read for itself

From the record

Quanta Services, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $440 million against debt of $5.2 billion leaves -19.2% of its assets as net cash, bottom 30% of its family; cash from operations less capital spending is 5.7% of revenue (bottom 30%); a gross margin of 15% (bottom 10%) (its annual report).

What it rests on

  • cash less debt against assets-19.2%bottom 30% of its family
  • cash from operations less capital spending against revenue5.7%bottom 30% of its family
  • gross margin15.0%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.3/10

What could actually drive growth from here?

bottom 43% of 5 in its family for growth drivers.

weight 33% of this tense · 43rd percentile among 5 sector filers · read for its customers

From the record

Quanta Services, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 18.6% a year over the last three filed years against 15.7% over all 10, speeding up (top 50% of its family); the newest year grew 20.3% (top 30%); capital spending grew 12.5% a year (bottom 10%) (its annual reports). Quanta Services, Inc. reported 2 lines of business in fiscal 2025: Electric Power at $23 billion (81%), Underground and Infrastructure at $5.5 billion (19%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+2.9 points a yeartop 50% of its family
  • the newest year's revenue growth20.3%top 30% of its family
  • three-year growth of capital spending12.5%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.8/10

Did its newest year beat what its own record pointed to?

bottom 38% of 4 in its family for expectations against reality.

weight 33% of this tense · 38th percentile among 4 sector filers · read for its shareholders

From the record

Quanta Services, Inc.'s newest year against its own record: revenue of $28 billion in fiscal 2025 came in 2.2% above the $28 billion its prior three years' pace pointed to (top 12% of its family); net income of $1.0 billion against a prior three-year average of $730 million (bottom 13%); a net margin of 3.7% against 3.5% before (bottom 13%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace2.2%top 12% of its family
  • net income against the prior three years' average+43%bottom 13% of its family
  • net margin against its prior average+0.2 pointsbottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PWR · research, not advice