Quanta Services, Inc.

Quanta Services, Inc.

PWRยทNYSE

$715.67

+1.4%
IndustrialsEngineering & Construction

Quanta Services, Inc. provides specialty contracting services worldwide. The Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; energized 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 also offers aviation services; emergency restoration services; and other engineering and technical services; design and construction solutions to wireline and wireless communications, cable multi-system operators, and other customers; and training for electric workers, as well as training for the gas distribution and communications industries. The Renewable Energy Infrastructure Solutions segment is the involved in engineering, procurement, construction, upgrade, repair, and maintenance services to renewable generation facilities, such as wind, solar, and hydropower generation facilities, as well as battery storage facilities; and provision of engineering and construction services for substations and switchyards, transmission, and other electrical infrastructures. The Underground Utility and Infrastructure Solutions segment offers design, engineering, construction, upgrade repair, and maintenance services to customers involved in the transportation, distribution, storage and processing of natural gas, oil, and other products; fabrication of pipeline support systems and related structures and facilities; and engineering and construction of pipeline and storage systems, and compressor and pump stations. The company was formerly known as Fabal Construction, Inc. and changed its name to Quanta Services, Inc. in November 1997. Quanta Services, Inc. was incorporated in 1997 and is headquartered in Houston, Texas.

At a Glance

Live Snapshot
Market Cap$107.39B
EPS6.8700
P/E Ratio104.17
Earnings Date07/30/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is elevated (P/E 104.2).

Valuation inputs: P/E 104.2, earnings yield +1.0%, momentum +1.4%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +11.5%, ROIC +7.1%).

Profitability stack: net margin +3.6%, ROE +11.5%, ROIC +7.1%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +63.8%, momentum +1.4%, net margin +3.6%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Quanta Services, Inc. Market vs Earnings Trajectory

PWR ยท NYSE

Loading price and EPS data...

Quanta Services, Inc.

Quanta Services, Inc. Fair Value Envelope

PWR ยท NYSE

Our analysis suggests that PWR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $715.67, this represents a potential HIDDEN relative to our calculated worth for Quanta Services, Inc..

Intrinsic Value
Current Price: $715.67
3Y+101.0%
5Y+118.0%
10Y+445.0%
3Y+66.0%
5Y+153.0%
10Y+271.0%
3Y+109.0%
5Y+131.0%
10Y+418.0%
3Y+97.0%
5Y+100.0%
10Y+487.0%
3Y+131.0%
5Y+89.0%
10Y+867.0%
3Y+85.0%
5Y+197.0%
10Y+366.0%
Quanta Services, Inc.

Quanta Services, Inc. Profit Bridge

PWR ยท NYSE
Revenue28.35B
Cost of Goods Sold (24.66B)
Gross Profit3.69B
Operating Expenses (2.06B)
Operating Income1.64B
Interest Expense (261.44M)
Other Income/Expense-227.22M
Pretax Income1.41B
Income Tax (369.08M)
Net Income1.03B
Net Income
1.03B

Profitability Analysis

Gross Margin

13.0%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

5.8%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

3.6%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

26.2%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

13.03%
Gross Profit Margin
-1%
3Y+2.0%
5Y-8.0%
10Y+2.0%
5.77%
Operating Profit Margin
2%
3Y+3.0%
5Y+2.0%
10Y+32.0%
3.63%
Net Profit Margin
-5%
3Y+26.0%
5Y-9.0%
10Y+40.0%
11.51%
Return on Equity
-7%
3Y+26.0%
5Y+12.0%
10Y+94.0%
4.13%
Return on Assets
-15%
3Y+13.0%
5Y-22.0%
10Y+11.0%
7.07%
Return on Invested Capital
-11%
3Y+4.0%
5Y-11.0%
10Y+35.0%
PWR

Quanta Services, Inc. Cash Conversion Engine

PWR ยท NYSE
Net Income1.03B
Depreciation & Amortization910.33M
Stock-Based Compensation181.95M
Change in Working Capital15.98M
Others93.33M
Capital Expenditures-609.15M
Free Cash Flow1.62B

Cash Flow Quality Analysis

FCF Conversion Rate

157.6%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

27.3%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+9.7%

Steady FCF growth indicates consistent cash generation improvement. On a positive trajectory.

Working Capital Impact

+$15.98M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

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Quanta Services, Inc. Funding & Solvency Profile

PWR ยท NYSE
Cash & Cash Equivalents364.76M
Net Receivables7.60B
Inventory446.89M
Other Current Assets2.24B
Total Current Assets11 B
Property, Plant & Equipment3.92B
Goodwill & Intangible Assets10.13B
Long-Term Investments0.00
Other Non-Current Assets1.05B
Total Non-Current Assets5 B
Total Assets
25.75B

Financial Health Analysis

Current Ratio

1.14x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

1.82x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

1 B

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

41% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

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Quanta Services, Inc. Street Expectations Map

PWR ยท NYSE

Wall Street analysts project that PWR stock may see slight declines over the coming 12 months. The consensus 1-year price target stands at 674.27, with estimates ranging from a low of 428.00 to a high of 900.00.

Lowest Target
428.00
-40.20%
Consensus Target
674.27
-5.78%
Highest Target
900.00
25.76%

The consensus 1-year price target stands at 674.27, with estimates ranging from a low of 428.00 to a high of 900.00.

Analyst Consensus Analysis

Upside Potential

-5.8%

Downside risk. Current price above analyst targets indicates potential overvaluation. Exercise caution and review catalysts.

Analyst Agreement

70.0% spread

High uncertainty. Very wide target spread indicates significant disagreement among analystsโ€”major valuation uncertainty or transformation underway.

Risk-Reward Profile

0.64x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Low

High uncertainty: Wide dispersion indicates analysts struggle to agree on valuationโ€”proceed with caution and independent analysis.

Market Sentiment Insight

Extreme uncertainty: Massive dispersion in price targets reflects fundamental disagreement on business trajectory. This could signal transformation, disruption, or complex valuationโ€”requires deep sector expertise and contrarian mindset.

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Quanta Services, Inc. Insider Positioning

PWR ยท NYSE

During the last 12 months, insiders have sold $15.58M worth of PWR shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

9.5K

7.24M

Net Activity

-7.2M

-$7.24M

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

18.6K

8.34M

Net Activity

-8.3M

-$8.34M

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
AECJ

Austin Earl C. Jr.

Director, Officer: President And Ceo

5.5K sharesโ€ข1 transactions

$4.22M

2
DGAJ

Ducey Gerald A Jr

Officer: Pres. - Strategic Operations

7.7K sharesโ€ข1 transactions

$3.41M

3
NP

Nobel Paul

Officer: Chief Accounting Officer & Svp

4.0K sharesโ€ข1 transactions

$3.03M

4
JW

Jackman Worthing

Director

6.3K sharesโ€ข1 transactions

$2.86M

5
FB

Fried Bernard

Director

4.0K sharesโ€ข1 transactions

$1.81M

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $15.58M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$7.24M

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

0.02%
Dividend Yield
-11%
3Y-61.0%
5Y-71.0%
10Y-
ย 

pwr Dividend History

PWR
10Y CAGR +11%
Latest $0.11
Annual $0.53
5 year growth trend
Last Period: +0%