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Quanta Services, Inc.

PWR US · Industrials · USD

Wiki entry last updated Aug 10, 2026

Current price$642.64as of Sep 21, 2026

Summary

CFRA rating	BUY
Consensus target	$768.70 (+19.6%)

Analyst consensus

Strong Buy 1Buy 23Hold 6Strong Sell 129 analysts

3-year price (USD)

188.45 → 642.61 (+241.0% over the period)

Factor profile

Multi-factor score 67 / 100

Market data

P/E (trailing)	73.67
P/E (forward)	32.59
Dividend yield	0.07%
Beta	1.20
52-week high	$788.75
52-week low	$382.24

Business description

Quanta Services is a leading specialized contracting services company, providing end-to-end solutions for the electric power, gas, and communications industries.

Competitive moat

End-to-End Strategy: Capable of capturing 30%-50% of a typical data center's construction budget (facilities, cooling, backup generation).
Grid Expertise: Critical player in building the infrastructure needed to meet surging energy requirements.

Recent developments

2026-04: CFRA identifies negative implication ("-") due to fixed-price contract risk. Labor and material inflation are causing cost overruns that customers (outside of hyperscalers) may contest.
2026-04: Increasing difficulty in collecting excess billings; disputed claims rose to 65% of contract assets in 2025.

Investment risks / red flags

⚠️ Fixed-Price Risk: Susceptibility to cost inflation during project delays, which can lead to declining profits and margins.
⚠️ Litigation/Disputes: Ongoing negotiations and potential revenue reversals from disputed cost overruns (e.g., renewable transmission project in Canada).
⚠️ Liquidity Squeeze: Significant contract liability balance ($3.2B) could lead to a cash crunch if ~50% of projects are cancelled.

Financials

Revenue	$32.91B	Revenue growth	41.10%
Earnings growth	94.70%	EBITDA	$3.05B
Gross margin	15.46%	Operating margin	7.22%
Profit margin	4.03%	Revenue / share	$219.94
Return on equity	15.34%	Return on assets	5.23%
Operating cash flow	$3.18B	Free cash flow	$1.96B
Total cash	$506.43M	Total debt	$6.60B
Debt / equity	67.78	Current ratio	1.10

Classification

Thematic exposure	Reshoring, AI Infrastructure, Electrification, Infrastructure

Back to Companies

Quanta Services, Inc.

PWR US Website

Last updated: Aug 10, 2026

Industrials

Current price: $642.64 · Sep 21, 2026· USD

CFRA Ratingbuy

TBI Multi Score67

Theme Exposure

Reshoring AI Infrastructure Electrification Infrastructure

Full graph →

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Factor Profile (Spider Chart)

TBI Model

Price Chart (TradingView)

Symbol: PWR

Business description

Quanta Services is a leading specialized contracting services company, providing end-to-end solutions for the electric power, gas, and communications industries.

Competitive moat

End-to-End Strategy: Capable of capturing 30%-50% of a typical data center's construction budget (facilities, cooling, backup generation).
Grid Expertise: Critical player in building the infrastructure needed to meet surging energy requirements.

Recent developments

2026-04: CFRA identifies negative implication ("-") due to fixed-price contract risk. Labor and material inflation are causing cost overruns that customers (outside of hyperscalers) may contest.
2026-04: Increasing difficulty in collecting excess billings; disputed claims rose to 65% of contract assets in 2025.

Investment risks / red flags

⚠️ Fixed-Price Risk: Susceptibility to cost inflation during project delays, which can lead to declining profits and margins.
⚠️ Litigation/Disputes: Ongoing negotiations and potential revenue reversals from disputed cost overruns (e.g., renewable transmission project in Canada).
⚠️ Liquidity Squeeze: Significant contract liability balance ($3.2B) could lead to a cash crunch if ~50% of projects are cancelled.

Market Data

Source: mkts.io · Sep 21, 2026, 20:00 UTC

Key Metrics

P/E (TTM)73.67

P/E (Fwd)32.59

Dividend0.07%

Beta1.20

52W High$788.75

52W Low$382.24

Analyst Consensus

Buy

Strong Buy1Buy23Hold6Strong Sell129 analysts

Consensus Target$768.70

+19.6% upside

Calendar Events

Next EarningsOct 29, 2026

Ex-DividendOct 1, 2026

Dividend DateOct 9, 2026

Financials

Revenue$32.91B

Rev Growth41.10%

Earnings Growth94.70%

Gross Margin15.46%

Op Margin7.22%

Profit Margin4.03%

EBITDA$3.05B

ROA5.23%

ROE15.34%

Rev/Share$219.94

Total Cash$506.43M

Total Debt$6.60B

D/E Ratio67.78

Free Cash Flow$1.96B

Op Cash Flow$3.18B

Current Ratio1.10

Forward Estimates

Period	EPS Est	Rev Est
0q	5.00	$10.87B
+1q	4.82	$11.23B
0y	16.73	$39.58B
+1y	19.72	$45.59B

Earnings

Quarterly EPS

3Q2025

Est: 3.263.33Beat

4Q2025

Est: 3.023.16Beat

1Q2026

Est: 2.032.68Beat

2Q2026

Est: 3.314.24Beat

Annual

2022

Rev $17.07BEarn $491.19M

2023

Rev $20.88BEarn $744.69M

2024

Rev $23.67BEarn $904.82M

2025

Rev $28.48BEarn $1.03B

Rating Changes

10 total

Date	Firm	Action	To
Sep 9, 2026	Piper Sandler	init	Overweight
Aug 7, 2026	Keybanc	up	Overweight
Aug 3, 2026	TD Cowen	main	Buy
Aug 3, 2026	Truist Securities	reit	Buy
Aug 3, 2026	Mizuho	main	Neutral
Jul 31, 2026	Citigroup	main	Buy