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Quanta ServicesPWR

Construction & Engineering · Houston, Texas · In the S&P 500
Solid businessPricier than peers
$620.73−2.27%After hours: $615.00 (−0.92%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 38.3% over 1 year
Quanta Services over 1 yearDaily close, $, to 30 Oct 2026
$400$800Nov2026MarMayJulSep$620.73$400$800NovMarJul$620.73
Source: Nasdaq daily closes
Market value$91.45B
Price to earnings56.2x
Forward P/E33.8x
Dividend yield0.07%
Year to date+47.1%
One year+38.3%
Next earningsNot scheduled
SectorIndustrials
52-week range (closes)
$413.17$785.24

Quality and valuation

How Quanta Services compares with other industrials stocks. A description, not a recommendation.

Quanta Services and 7 construction & engineering peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: pricier than most

An average business among industrials companies, priced above most of them.

Quanta Services trades at 33.8 times the next 12 months of expected earnings, against a median of 21.4x for the 89 industrials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +37.1% vs +8.2%
  • Keeps less of each sale (gross margin): 15.8% vs 38.1%
  • Less profitable (operating margin): 6.8% vs 17.5%
  • Turns less of its sales into cash: 8.5% vs 13.1%
PWR trades at 33.8x forward earnings, above the sector medianForward p/e, Construction & Engineering peers
LMT20.6xCAT21.6xUNP22.3xRTX26.8xDE32.3xPWR33.8xGE35.7xGEV40.8xSector median 21.4xLMT20.6xCAT21.6xUNP22.3xRTX26.8xDE32.3xPWR33.8xGE35.7xGEV40.8xSector median 21.4x
Source: CNBC quotes; Mostly Markets
At 56.2x earnings, PWR is cheaper than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
40x80x100xAverage 68.1x2025202656.2x50x75x100xAverage 68.1x2025202656.2x
Source: Nasdaq prices; SEC filings

Financials

From Quanta Services's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 57.4% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$5bn$10bnQ4 ’24Q2 ’25Q4 ’25$12.0bnQ3 ’26$0bn$5bn$10bnQ4 ’24Q2 ’25Q4 ’25$12.0bnQ3 ’26
Source: SEC filings
Growth sped up to +57.4% last quarterRevenue growth, year on year, %
0%20%40%Q4 ’24Q2 ’25Q4 ’2557.4%Q3 ’260%20%40%Q4 ’24Q2 ’25Q4 ’2557.4%Q3 ’26
Source: SEC filings
Operating margin was 8.5% last quarterOperating income as a share of revenue, %
0%2%5%8%Q4 ’24Q2 ’25Q4 ’258.5%Q3 ’260%5%Q4 ’24Q2 ’25Q4 ’258.5%Q3 ’26
Source: SEC filings
Free cash flow was $3.2 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0.0bn$0.5bn$1.0bnQ4 ’24Q2 ’25Q4 ’25$1.2bnQ3 ’26$0.0bn$0.5bn$1.0bnQ4 ’24Q2 ’25Q4 ’25$1.2bnQ3 ’26
Source: SEC filings
Last 12 monthsPWRSector median
Revenue growth+37.1%+8.2%
Gross margin15.8%38.1%
Operating margin6.8%17.5%
Free cash flow margin8.5%13.1%
Price to earnings56.2x25.8x

Stories on Quanta Services

Friday, 30 October
Earnings

Quanta Services (PWR) Tops Q3 Estimates as Backlog Hits a Record $64 Billion

Quanta's revenue rose 57% to $12.0 billion and adjusted EPS of $6.06 beat estimates by about 20%. The stock rose 4.7% on Thursday, then fell 4.1% early Friday.

PWR▼ 4.1%
Electricity pylons across rolling hills with a long line of cable spools

Similar companies

Construction & Engineering, by market value.

CompanyPriceTodayYTDValue
GEGE Aerospace$301.80−3.59%−2.0%$312B
CATCaterpillar$622.75−3.81%+8.7%$286B
RTXRTX$199.80+0.20%+8.9%$270B
GEVGE Vernova$857.87−3.38%+31.3%$227B
DEDeere &$675.48+2.35%+45.1%$182B
UNPUnion Pacific$304.00+0.69%+31.4%$181B
LMTLockheed Martin$636.95−1.03%+31.7%$147B
ETNEaton$369.97−6.03%+16.2%$144B