Quanta Services Inc. (PWR)

NYSE: PWR · USD

$606

+26.92 (+4.7%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-30

Our latest published analysis: PWR rated Sell

Quanta Services Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$300 / share

Potential value

$384 / share

Upside to FV

-53.6%

from $606

Moat

7.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$97.1B
Revenue (ttm)	32.9B
Net income (ttm)	1.3B
EPS (ttm)	$8.74
Shares out	150.3M
P/E (trailing)	69.3x
P/E (forward)	33.0x
Dividend	$0.44 (0.07%)
Volume	1,751,613
Beta	1.27

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 32.9B
Net income (ttm): 1.3B
EPS (ttm): $8.74
P/E (trailing): 69.3x
P/E (forward): 33.0x
Market cap: $97.1B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$12.98B	$17.07B	$20.88B	$23.67B	$28.48B	+21.7%
Gross profit	$1.95B	$2.53B	$2.94B	$3.51B	$4.28B	+21.6%
Operating income	$663.5M	$872.1M	$1.13B	$1.35B	$1.61B	+24.8%
Net income	$486.0M	$491.2M	$744.7M	$904.8M	$1.03B	+20.6%
EPS (diluted)	$3.34	$3.32	$5.00	$6.03	$6.80	+19.5%
EBITDA	$1.11B	$1.47B	$1.77B	$2.16B	$2.52B	+22.6%
R&D	—	—	—	—	—	—
SG&A	$1.16B	$1.34B	$1.56B	$1.82B	$2.19B	+17.3%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	売り
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	売り
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	強い買い
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	ホールド
ADP	Automatic Data Processing, Inc.	113B	25.3x	5.1x	62.8%	+7.7%	+4.5%	ホールド
ALLE	Allegion plc	15.2B	22.5x	3.5x	19.4%	+8.8%	+7.2%	ホールド

Base and Bull scenarios

Base60%

Price target

$299.93

-53.6% from spot

In the base case modal path, Quanta delivers on its raised full-year 2026 revenue guidance ($39.3B-$39.7B), achieving consensus revenue of $39,569.69M in FY2026 and $45,687.17M in FY2027. Diluted EPS compounds from $6.80 in FY2025 to $16.73 in FY2026 and $19.77 in FY2027. Operating margins expand from 5.66% in FY2025 to 7.80% in FY2026 before gradually normalizing toward 6.50% by FY2030. Over the multi-year projection horizon, valuation multiples compress from an elevated 33.0x forward P/E toward the peer capital goods median of 22.02x (EMR at 21.52x, WM at 22.53x). Incorporating balance-sheet debt of $6,418.95M and a strict cost of equity of 10.254%, the base case supports the house fair value midpoint of $299.93.

Consolidated revenue expands 38.94% in FY2026 to $39,569.69M and 15.46% in FY2027 to $45,687.17M.
Diluted EPS expands to $16.73 in FY2026 and $19.77 in FY2027.
Operating margin path begins at 7.80% in FY2026 and normalizes to 6.50% by FY2030.
Terminal forward P/E multiple mean-reverts to peer median.
Discounted at strict Ke of 10.254% and WACC of 9.7753%.

Bull20%

Price target

$383.94

-40.6% from spot

In the upside scenario, utility capital spending accelerates significantly beyond baseline assumptions, driven by hyperscale artificial intelligence data center load interconnections and accelerated transmission grid reliability mandates. Quanta leverages its vertical supply chain solutions and proprietary ~$250M annual craft training capacity to capture higher project velocity and favorable cost-plus contracting terms. Consolidated revenue approaches the top end of analyst forecasts at $50,492.00M in FY2027, while diluted EPS reaches $22.02. Operating margins expand to 7.8% and remain resilient above 7.2%, supporting fair value expansion toward the high-end estimate of $383.94.

FY2027 revenue reaches upper consensus bound of $50,492.00M.
FY2027 diluted EPS reaches upper consensus bound of $22.02.
Operating margins expand to 7.8% in FY2026 and sustain above 7.2% through FY2028.
Exit forward P/E multiple holds at an elevated level reflecting persistent electrification growth premium.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($299.93). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.5%	2.8%	3.0%	3.3%	3.5%
9.3%	$328	$336	$344	$353	$363
9.8%	$308	$315	$322	$329	$338
10.3%	$291	$297	$300	$309	$316
10.8%	$276	$281	$286	$292	$297
11.3%	$263	$267	$271	$276	$281

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E33

P25 n/aP50 n/aP75 n/a

Trailing P/E73.6

P25 n/aP50 n/aP75 n/a

ROE15.3

P25 n/aP50 n/aP75 n/a

ROIC10

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All PWR indicators

Market & fundamental data

Available fields

292

Groups with data

Currency

USD

Showing 292 of 292 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001050915
Company name	Quanta Services, Inc.
Country	United States
Country code	US
CUSIP number	74762E102
Earnings date	2026-10-29
Earnings time	bmo
Employees	69,500
Employees change	11,100
Employees growth	19.01%
Enterprise value	$97.2B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1997
In index	SP500
Industry	Engineering & Construction
IPO date	1998-02-12
Is primary listing	Yes
Is SPAC	No
ISIN number	US74762E1029
Last 10-K release date	2026-02-19
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Last stock split date	2000-04-10
Last stock split type	Forward
Market cap	$91.1B
Market cap category	Large-Cap
Next earnings date	2026-10-29
Options	Yes
Price	$605.76
Price currency	USD
Sector	Industrials
SIC code	1731
Stock price date	2026-10-28
Symbol	PWR
U.S. state	Texas
Website	https://www.quantaservices.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	45.17x
Average P/E ratio (10Y)	34.28x
Average P/E ratio (3Y)	54.92x
Average P/E ratio (5Y)	49.04x
Earnings yield	1.44%
EV/Earnings	72.7x
EV/EBIT	47.88x
EV/EBITDA	31.68x
EV/FCF	42.16x
EV/Sales	2.93x
FCF / EV yield	2.37%
FCF yield	2.53%
Forward EV/Sales	2.24x
Forward P/E	32.47x
Forward P/S	2.1x
Graham number	112.27783
Graham upside	-81.32%
Industry forward P/E	21.15x
Industry P/E	51.33x
Lynch fair value	$172.17
Lynch upside	-71.35%
P/(FCF - SBC) ratio	43.82x
P/(OCF - SBC) ratio	30.6x
P/B ratio	9.03x
P/E ratio	69.34x
P/FCF ratio	39.5x
P/OCF ratio	28.43x
P/S ratio	2.75x
PEG ratio	1.5x
Price/EBITDA ratio	29.68x
Sector forward P/E	26.24x
Sector P/E	40.28x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	6.12%
EBITDA margin	9.25%
Effective tax rate	23.08%
FCF margin	6.95%
Gross margin	15.46%
Operating margin	6.12%
Pretax margin	5.34%
Profit margin	4.03%
Profit per employee	$19,092
Profitable quarters	42
Profitable years	21
Revenue per employee	$473,455
ROA	5.23%
ROA (5Y)	4.3%
ROCE	11.52%
ROE	15.34%
ROE (5Y)	11.87%
ROIC	10.02%
ROIC (5Y)	8.35%
SBC / revenue	0.69%
Tax / revenue	1.23%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	35.61%
EPS growth (Q)	94.74%
EPS growth (QoQ)	104.14%
EPS growth 10Y	19.42%
EPS growth 3Y	30.72%
EPS growth 5Y	18.61%
EPS growth quarters	15
EPS growth years	3
FCF growth	68.44%
FCF growth (Q)	456.44%
FCF growth (QoQ)	403.63%
FCF growth 3Y	47.66%
FCF growth 5Y	41.5%
Gross profit growth	29.83%
Gross profit growth (Q)	53.36%
Gross profit growth 3Y	24.22%
Gross profit growth 5Y	23.17%
Net income growth	36.54%
Net income growth (Q)	96.9%
Net income growth (QoQ)	104.59%
Net income growth 3Y	31.81%
Net income growth 5Y	19.71%
Net income growth quarters	15
Net income growth years	7
OCF growth	59.64%
OCF growth (Q)	270.44%
OCF growth (QoQ)	179.63%
OCF growth 10Y	18%
OCF growth 3Y	42.76%
OCF growth 5Y	35.13%
Operating income growth	40.11%
Operating income growth (Q)	88.43%
Operating income growth 3Y	29.68%
Operating income growth 5Y	24.24%
Revenue growth	26.3%
Revenue growth (Q)	41.1%
Revenue growth (QoQ)	21.36%
Revenue growth 10Y	16.18%
Revenue growth 3Y	21.48%
Revenue growth 5Y	23.11%
Revenue growth quarters	21
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-890.5M
Depreciation and amortization	$1B
EBIT	$2B
EBITDA	$3B
EPS	$8.74
FCF per share	$15.22
Financing cash flow	$1B
Free cash flow	$2.3B
Free cash flow minus SBC	$2.1B
Gross profit	$5.1B
Income taxes	$405.1M
Investing cash flow	$-4.2B
Net borrowing	$1.3B
Net cash flow	$-689,000
Net income	$1.3B
Operating cash flow minus SBC	$3B
Operating income	$2B
Revenue	$32.9B
Stock-based compensation	$225.7M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	4.25
Book value per share	$64.14
Debt / EBITDA	1.37
Debt / equity	0.68
Debt / FCF	2.89
Goodwill	$7.9B
Interest coverage	6.84
Long-term assets	$16.4B
Long-term liabilities	$7.8B
Net cash (debt)	$-6.1B
Net cash / market cap	-6.75%
Net debt / EBITDA	2
Net debt / equity	0.63
Net debt / FCF	2.66
Piotroski F-Score	5
Property, plant and equipment	$4.2B
Shareholders' equity	$9.7B
Tangible book value	$-1.4B
Tangible book value per share	$-9.63
Total assets	$28.3B
Total cash	$506.4M
Total debt	$6.6B
Total liabilities	$18.5B
WACC	10.69%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.37
Current assets	$11.9B
Current liabilities	$10.8B
Current ratio	1.1
Inventory turnover	73.52
Net working capital	$1.4B
Quick ratio	0.98
Working capital	$1.1B
Working capital turnover	20.18

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-0.82%
Dividend growth	10%
Dividend growth (3Y)	11.2%
Dividend growth (5Y)	12.89%
Dividend growth years	1
Dividend payment date	2026-10-09
Dividend payment years	9
Dividend payout frequency	Quarterly
Dividend per share	$0.44
Dividend yield	0.07%
Ex-dividend date	2026-10-01
FCF payout ratio	2.89%
Last dividend	$0.11
Payout ratio	5.04%
Shareholder yield	-0.75%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	2,040.58%
10Y return CAGR	36.12%
10Y total return	2,083.42%
150-day SMA	$657.68
15Y price change	2,692.37%
15Y return CAGR	25.02%
15Y total return	2,748.24%
1D price change	4.65%
1M price change	-7.04%
1M total return	-7.02%
1W price change	1.25%
1W total return	1.25%
1Y price change	36.58%
1Y return CAGR	36.71%
1Y total return	36.69%
20-day SMA	$640.67
200-day SMA	$624.34
20Y price change	3,139.02%
20Y return CAGR	19.11%
20Y total return	3,203.84%
3M price change	-2.72%
3M total return	-2.7%
3Y price change	266%
3Y return CAGR	54.27%
3Y total return	267.25%
50-day SMA	$634.46
50-day SMA vs 200-day SMA	50over200
52-week high	$788.75
52-week high date	2026-05-06
52-week low	$408.36
52-week low date	2026-01-08
5Y price change	418.1%
5Y return CAGR	39.17%
5Y total return	422.03%
6M price change	-5.31%
6M total return	-5.28%
All-time high	$788.75
All-time high date	2026-05-06
All-time low	$1.75
All-time low date	2002-08-06
Average true range (ATR)	$27.91
Average volume	1.1M
Beta (1Y)	0.86
Beta (2Y)	1.21
Beta (5Y)	1.27
Change from 52-week high	-23.2%
Change from 52-week low	48.34%
Change from all-time high	-23.5%
Change from all-time low	34,381.71%
Change from open	0.99%
Day's gap	3.63%
Dollar volume	$1.1B
High price	$608.33
Low price	$582.62
Monthly RSI	61.76
Open price	$599.82
Position in 52-week range	90%
Premarket change	3.93%
Premarket close	$578.83
Premarket price	$601.57
Premarket volume	3.3K
Previous close	$578.83
Price vs 150-day SMA	-8.25%
Price vs 20-day SMA	-5.81%
Price vs 200-day SMA	-3.35%
Price vs 50-day SMA	-4.89%
Relative volume	1.52
RSI	44.94
Sharpe ratio	0.82
Sharpe ratio (3Y)	1.19
Sharpe ratio (5Y)	0.97
Sortino ratio	1.46
Sortino ratio (3Y)	1.98
Sortino ratio (5Y)	1.64
Volume	1.8M
Weekly RSI	47.28
YTD price change	42.97%
YTD total return	43.08%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	149M
Float percentage	99.09%
Shares change (QoQ)	0.23%
Shares change (YoY)	0.82%
Shares held by insiders	0.79%
Shares held by institutions	91.5%
Shares outstanding	150.3M
Short % of float	2.15%
Short % of shares	2.13%
Short ratio	3.7 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	267

Deeper analysis on PWR

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this PWR report

What is the latest published PWR stock rating?

Quanta Services Inc. is shown with Sell in the latest published report, analyzed 2026-09-30. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full PWR analysis?

The full latest published report, analyzed 2026-09-30, lives at /stocks/PWR/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for PWR?

The latest published report analyzed 2026-09-30 gives PWR a fair value of USD 300 and a potential value of USD 384. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the PWR page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-30). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellPWR · Fair value $300-53.6%

Read full analysis →

Quanta Services Inc. (PWR)

Our latest published analysis: PWR rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · PWR

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All PWR indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on PWR

Frequently asked questions

レーティング履歴

Category	Score	Reading
Valuation	1.5
Management	9.5
Balance Sheet	6.0
Profitability	6.0
Revenue Growth	9.0
Risk Assessment	6.5
Competitive Moat	7.5
Earnings Quality	9.0
Capital Efficiency	3.5