Quanta Services (PWR) stock
Industrials · Construction & Engineering
Quanta Services (PWR) is a Construction & Engineering company in the Industrials sector, headquartered in Houston, Texas. As of October 23, 2026, PWR closed at $546.43, a market capitalization of $82.15 billion, the 152nd largest company in the S&P 500. Over the last twelve months it generated $32.91 billion in revenue (+41% year over year) and $2.39 billion in free cash flow. The stock trades at 62.6x trailing earnings and 27.5x forward earnings.
- 1-year total return: +28.0% (dividends reinvested)
- 5-year return: +36.1% a year
- 52-week range: $408.36 – $788.75
- Gross margin 15.5%, operating margin 7.2%
- Dividend yield: 0.08%, 7 straight years of increases
- FI Handbook report card: C- across 10 metrics
- 22nd largest of 83 Industrials stocks in the S&P 500
PWR price chart
1Y price change: +27.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| PWR | -13.9% | +29.6% | +28.0% | +49.1% | +36.1% | +34.7% | +16.2% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1998.
PWR key statistics
- Market cap
- $82.2B
- #152 in S&P 500
- P/E (TTM)
- 62.6x
- Forward P/E
- 27.5x
- EPS (TTM)
- $8.73
- Revenue (TTM)
- $32.9B
- +41%
- Free cash flow
- $2.4B
- Gross margin
- 15.5%
- Operating margin
- 7.2%
- Return on equity
- 15.3%
- Dividend yield
- 0.08%
- 52-week range
- $408.36 – $788.75
- Beta
- 1.27
- Price / sales
- 2.5x
- EV / EBITDA
- 29.0x
- Debt / equity
- 0.68x
- Employees
- 69,500
PWR report card
C-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth41.1%A
- Gross margin15.5%D
- Operating margin7.2%D
- FCF margin7.3%D
- Return on equity15.3%B
- Net debt / EBITDA2.0xD
- Forward P/E27.5xC
- PEG ratio1.5xB
- Shareholder yield0.2%F
- Share count change / yr0.8%D
Quanta Services financials
Revenue went from $7.7B in fiscal 2016 to $28.5B in fiscal 2025, growing 15.7% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.7B | $9.5B | $11.2B | $12.1B | $11.2B | $13.0B | $17.1B | $20.9B | $23.7B | $28.5B |
| Gross profit | $1.0B | $1.2B | $1.5B | $1.6B | $1.7B | $2.0B | $2.5B | $2.9B | $3.5B | $4.3B |
| Operating income | $320.8M | $378.8M | $540.3M | $554.9M | $611.4M | $663.5M | $872.1M | $1.1B | $1.3B | $1.6B |
| Net income | $200.1M | $315.0M | $293.3M | $402.0M | $445.6M | $486.0M | $491.2M | $744.7M | $904.8M | $1.0B |
| EPS (diluted) | $1.26 | $2.00 | $1.90 | $2.73 | $3.07 | $3.34 | $3.32 | $5.00 | $6.03 | $6.80 |
| Free cash flow | — | $127.2M | $65.2M | $264.8M | $855.9M | $196.5M | $702.7M | $1.1B | $1.5B | $1.6B |
| Buybacks | $0 | $50.0M | $443.2M | $20.1M | $247.2M | $66.7M | $127.8M | $350.0K | $0 | $134.6M |
| Dividends paid | — | $0 | $0 | $23.2M | $28.9M | $34.0M | $41.1M | $47.8M | $54.2M | $60.4M |
| Diluted shares | 157.3M | 157.2M | 154.2M | 147.5M | 145.2M | 145.4M | 148.0M | 148.8M | 150.1M | 151.3M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into PWR?
A reverse DCF asks what growth the current price requires. With an enterprise value of $88.2B and $2.4B of trailing free cash flow, Quanta Services needs to grow free cash flow about 26.3% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 13.6% a year over the last five years.
P/E ratio history
Current 80.4x vs. median 36.3x (10th–90th percentile 17.2x–72.2x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
PWR dividend
- Dividend yield
- 0.08%
- Annual dividend
- $0.44
- Years of increases
- 7
- 5-yr dividend growth
- 13.8%
- per year
- Payout ratio
- 5%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
PWR analyst price targets
29 analysts' average 12-month target is $760.39 (+39% vs. $546.43). Targets range from $410.00 to $945.00. 81% rate it a buy.
PWR earnings
Next report: October 29, 2026. Quanta Services has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $9.6B (+41% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 30, 2026 | $3.31 | $4.24 | +28.1% |
| Apr 30, 2026 | $2.03 | $2.68 | +31.8% |
| Feb 19, 2026 | $3.02 | $3.16 | +4.7% |
| Oct 30, 2025 | $3.26 | $3.33 | +2.2% |
| Jul 31, 2025 | $2.44 | $2.48 | +1.4% |
| May 1, 2025 | $1.66 | $1.78 | +6.9% |
| Feb 20, 2025 | $2.62 | $2.94 | +12.1% |
| Oct 31, 2024 | $2.69 | $2.72 | +1.0% |
Stocks like PWR
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|---|---|---|---|---|---|
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PWR news
- Here's Why Quanta Services (PWR) Fell More Than Broader Market · Oct 23, 2026
- Quanta Services, Inc. (PWR) Offers Exposure to Grid Modernization and AI Infrastructure · Oct 23, 2026
- Quanta Services (PWR) Suffers a Larger Drop Than the General Market: Key Insights · Oct 22, 2026
- Quanta Stock Falls on Target Cut, but Analysts See 30% Upside · Oct 22, 2026
- Quanta Services Stock Gains A Data Center Buildout Angle · Oct 22, 2026
PWR stock FAQ
What is PWR's market cap?
Quanta Services's market capitalization is $82.15 billion as of October 23, 2026, ranking 152nd in the S&P 500.
What is PWR's P/E ratio?
PWR trades at a trailing price-to-earnings ratio of 62.6x and a forward P/E of 27.5x. Its median P/E over the period we track is 36.3x.
Does PWR pay a dividend?
Yes. Quanta Services pays $0.44 per share a year, a 0.08% yield. It has raised its dividend 7 years in a row. Dividends grew 13.8% a year over the last five years.
How much has PWR stock returned?
Including reinvested dividends, PWR returned +28.0% over one year, +36.1% a year over five years, +34.7% a year over ten years through October 23, 2026.
Is PWR stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Quanta Services must grow free cash flow about 26% a year for the next decade. Its free cash flow grew 14% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the PWR price target?
29 analysts cover PWR with an average 12-month price target of $760.39, +39% from the current price. 81% of them rate it a buy.
When does PWR report earnings?
Quanta Services is expected to report earnings on October 29, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Quanta Services have?
Quanta Services has about 69,500 full-time employees, or $473,455 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology