Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Quanta Services

PWR stock analysis · Industrials · Construction & Engineering

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$720.04HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$108.2B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$163.82

Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · -77.2% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

45.0%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-70.6%

76 sector peers · median 30.9×

How this is calculated ↗
Valuation

Historical multiples

62.7×

7 annual observations · snapshot P/E 105.2× · 67.9% versus history

How this is calculated ↗
Valuation

Free cash flow yield

1.5%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

10.1%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

14/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

33.4%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-5.4%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

6.4%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 2.2B2020-12-31: cfo $1,115,977,000.002020-12-31: capex $260,052,000.0020202021-12-31: cfo $582,390,000.002021-12-31: capex $385,852,000.0020212022-12-31: cfo $1,130,312,000.002022-12-31: capex $427,630,000.0020222023-12-31: cfo $1,575,952,000.002023-12-31: capex $434,803,000.0020232024-12-31: cfo $2,081,196,000.002024-12-31: capex $604,078,000.0020242025-12-31: cfo $2,229,970,000.002025-12-31: capex $609,154,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$205.48$224.20$244.32
10.0%$150.57$163.82$178.05
12.0%$118.79$128.90$139.74

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3128.5B1B2.2B609.2M24.9B
2024-12-3123.7B927.3M2.1B604.1M18.7B
2023-12-3120.9B750.7M1.6B434.8M16.2B
2022-12-3117.1B511.6M1.1B427.6M13.5B
2021-12-3113B492M582.4M385.9M12.9B
2020-12-3111.2B452M1.1B260.1M8.4B
2019-12-3112.1B406.8M526.6M261.8M8.3B
2018-12-3111.2B296M358.8M293.6M7.1B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue28.5BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-19
netIncome1BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-19
Parent/common earnings proxy1BNetIncomeLossAvailableToCommonStockholdersBasic2026-02-19
cfo2.2BNetCashProvidedByUsedInOperatingActivities2026-02-19
capex609.2MPaymentsToAcquirePropertyPlantAndEquipment2026-02-19
operatingIncome1.6BOperatingIncomeLoss2026-02-19
assets24.9BAssets2026-02-19
equity9BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-19
Parent book equity proxy8.9BStockholdersEquity2026-02-19
debt6BLongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities2026-02-19
shortDebtNot reported under a supported tag
cash439.5MCashAndCashEquivalentsAtCarryingValue2026-02-19
shares151.3MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-19
dividends60.4MPaymentsOfDividendsCommonStock2026-02-19
buybacks134.6MPaymentsForRepurchaseOfCommonStock2026-02-19
issuanceNot reported under a supported tag