Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Quanta Services, Inc.

PWR · NYSE · Utilities

Fundamental quality

REASONABLE

68

out of 100

Quanta Services, Inc. earns a fundamental-quality score of 68 out of 100, profiling it as a company of reasonable quality. Its score rests mainly on its growth (revenue +21.7%/yr). Its weakest area is its profitability (net margin 4%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Quanta Services is North America's largest electric-infrastructure builder: its crews erect and maintain the high-voltage lines, substations and renewables the energy transition demands. If a country needs rewiring, Quanta supplies the workers.

What will shape its future

  • Electrification and AI: data centers and renewables demand a grid that doesn't exist yet.
  • Its multi-year backlog with utilities, the visibility the market pays for.
  • Skilled-labor scarcity, its bottleneck and its barrier to entry at once.

Breakdown by area

I.Growth
85

EPS growth: 21% · Revenue growth: 21.7%

II.Profitability
47

Net margin: 4% · ROE: 13.8% · ROIC: 10.3%

III.Financial health
65

Net debt/EBITDA: 2.25x · FCF: 7.3%

Source: SEC EDGAR · TTM through 30/06/2026

The score includes +2 for dividend strength: 8 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 24 Utilities companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 21%
ROEbeats 71%
Growthbeats 96%
Cash generationbeats 81%
Less debtbeats 81%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Quanta Services, Inc. strengths

  • Revenue growing strongly (21.7% annualized).
  • Growing earnings per share (21% annualized).
  • Revenue rising without interruption since 2020.
  • Positive free cash flow year after year, a self-funding business.

Quanta Services, Inc. risks and weaknesses

  • Its net debt has grown over the period.
  • Thin margins (net margin of 4%), little cushion for setbacks.

Quanta Services, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
202011,2034468561,000
202112,9804861973,509
202217,0744917033,301
202320,8827451,1412,908
202423,6739051,4773,420
202528,4801,0281,6215,555

Between 2020 and 2025, revenue went from $11,203M to $28,480M (+154%) and net income went from $446M to $1,028M (+131%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+34%
  • Net income+79.9%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score6468
  • ROE12.2%13.8%
  • FCF margin5.6%7.3%
  • Revenue growth20.7%21.7%
  • Net debt/EBITDA2.59×2.25×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$0.41

per share, yearly

5.9% of earnings

Payout

at least 8 straight years raising it

Growth

That is what we can verify in the SEC filings, whose structured data only starts in 2008 and which many companies begin tagging later. The real streak may be considerably longer.

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Quanta Services, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Quanta Services, Inc. a good company to invest in?

In terms of business quality, Quanta Services, Inc. scores 68 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Quanta Services, Inc. a profitable company?

Quanta Services, Inc. is profitable, with a net margin of 4%, though a thin one.

Does Quanta Services, Inc. have a lot of debt?

A moderate level: its net debt is 2.25 times its EBITDA.

Is Quanta Services, Inc. growing?

Its revenue has grown 21.7% annualized in recent years and its earnings per share 21%, and without interruption since 2020.

Does Quanta Services, Inc. generate cash?

Yes. It converts about 7.3% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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