Is Quanta Services (PWR) overvalued or fairly valued?

MarketChacha shows Quanta Services's valuation in context — a trailing P/E of about 72.9, a forward P/E of about 30.3, a price-to-book of about 9.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Quanta Services's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.20×) from reported figures — education, not a rating.

What is Quanta Services's revenue?

Quanta Services reported revenue of $28.5B for FY2025, with net profit of $1.0B, per official filings.

What is the share price of Quanta Services (PWR)?

Quanta Services last traded at $596.00 (-3.6% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Quanta Services

PWR · NYSE · Industrials · United States

Snapshot

TickerPWR

ExchangeNYSE

SectorIndustrials

IndustryEngineering & Construction

CountryUnited States

Employees69,500

HeadquartersHouston, United States

Websitewww.quantaservices.com

Filings tracked17

About Quanta Services

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.

Who owns it

Insiders0.7%
Institutions94.1%
Public & other5.2%

2,561 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.8.69%
Vanguard Capital Management LLC6.52%
Vanguard Portfolio Management LLC4.61%
State Street Corporation4.38%
JPMORGAN CHASE & CO3.53%
Peconic Partners, LLC3.14%
Geode Capital Management, LLC2.34%
FMR, LLC2.34%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.20×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend3.6% → 3.6%

Margin has held broadly steady over the period — stable profitability.

Growth qualityrev 17% · PAT 18%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $11.2B · EPS 4.83

Est. earnings growth +53.0%

Next fiscal year

Rev $45.8B · EPS 19.86

Est. earnings growth +18.6%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$28.5B

Net margin

3.6%

ROE

11.5%

Revenue CAGR (2y)

+16.8%

Profit CAGR (2y)

+17.5%

EPS (FY2025)

6.80

Net profit (FY2025)

$1.0B

Ask MarketChacha about PWR

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$28.5B	$1.0B	6.80	3.6%	11.5%
FY2024	$23.7B	$904.8M	6.03	3.8%	12.4%
FY2023	$20.9B	$744.7M	5.00	3.6%	11.9%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$9.6B	$451.4M	2.96	4.7%
2026Q1	$7.9B	$220.6M	1.45	2.8%
2025Q3	$7.6B	$339.4M	2.24	4.4%
2025Q2	$6.8B	$229.3M	1.52	3.4%
2025Q1	$6.2B	$144.3M	0.96	2.3%
2024Q3	$6.5B	$293.2M	1.95	4.5%
2024Q2	$5.6B	$188.2M	1.26	3.4%
2024Q1	$5.0B	$118.4M	0.79	2.4%
2023Q3	$5.6B	$272.8M	1.83	4.9%
2023Q2	$5.0B	$165.9M	1.12	3.3%
2023Q1	$4.4B	$95.0M	0.64	2.1%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Material agreement, Material financial obligation, Exhibits
SEC8/6/2026material
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC8/4/2026material
10-Q filing
SEC7/30/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC7/30/2026material
8-K — Shareholder vote results, Other events, Exhibits
SEC5/27/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC4/30/2026material
10-Q filing
SEC4/30/2026
8-K — Executive/director change, Exhibits
SEC4/16/2026material
8-K — Executive/director change, Exhibits
SEC3/4/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC2/19/2026material
10-K filing
SEC2/19/2026

2025

8-K — Results of operations, Reg FD disclosure, Exhibits
SEC10/30/2025material
10-Q filing
SEC10/30/2025
8-K — Material agreement, Material financial obligation, Exhibits
SEC8/7/2025material
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC8/5/2025material
8-K — Results of operations, Reg FD disclosure, Other events, Exhibits
SEC7/31/2025material
10-Q filing
SEC7/31/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.