Quanta Services, Inc. (PWR) Stock Price & Analysis
Quanta Services, Inc. (PWR) closed at USD 552.44 on Thursday, October 22, 2026, down 8.10% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 601.14; the Oct 22, 2026 session ranged USD 543.06–588.38 on volume of 2,007,115 shares. Market capitalization is $83.06B, with a 52-week range of USD 408.36–788.75 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:16 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PWR.md
Key facts (PWR)
- Last four reported quarters (through Jun 30, 2026): revenue $32.9B, net income $1.33B (4.0% margin), free cash flow $2.39B (SEC filings).
- Valuation: P/E 62.6x (avg 52.5x at the last 3 fiscal year-ends), EV/EBITDA 35.7x, net debt $5.59B.
- 1 of 80 tracked superinvestors hold PWR (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $123M; 2 not under a Rule 10b5-1 plan ($123M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.23 on a 1–5 scale) (31 analysts), mean target USD 760.39 (range 410–945).
- Total return with dividends: 1Y +29.4% vs S&P 500 +14.9%; 5Y +371.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 4.99, revenue estimate $10.9B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PWR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $13.0B | $17.1B | $20.9B | $23.7B | $28.5B | $32.9B |
| Gross profit | $1.95B | $2.53B | $2.94B | $3.51B | $4.28B | — |
| Operating income | $664M | $872M | $1.13B | $1.35B | $1.61B | $2.04B |
| Net income | $486M | $491M | $745M | $905M | $1.03B | $1.33B |
| EPS (diluted) | $3.34 | $3.32 | $5.00 | $6.03 | $6.80 | — |
| Free cash flow | $197M | $703M | $1.14B | $1.48B | $1.62B | $2.39B |
| Gross margin | 15.0% | 14.8% | 14.1% | 14.8% | 15.0% | — |
| Operating margin | 5.1% | 5.1% | 5.4% | 5.7% | 5.7% | 6.2% |
| Net margin | 3.7% | 2.9% | 3.6% | 3.8% | 3.6% | 4.0% |
| Revenue growth | +15.9% | +31.5% | +22.3% | +13.4% | +20.3% | — |
| Cash + short-term investments | $229M | $429M | $1.29B | $742M | $440M | — |
| Total debt | $3.74B | $3.73B | $4.20B | $4.16B | $5.99B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PWR)
P/E 62.6x · P/S 2.5x · EV/EBITDA 35.7x · EV/Sales 2.7x · P/FCF 34.7x · P/B 8.6x · FCF yield 2.88% · Earnings yield 1.60% · Dividend yield (paid, TTM) 0.08% · Buyback yield (TTM) 0.00% · Net debt $5.59B · EV $88.6B
P/E at fiscal year-ends: Dec 2025 62.1x, Dec 2024 52.4x, Dec 2023 43.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (PWR)
1 of 80 tracked investors hold PWR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | <0.01% | $1.3M | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (PWR)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-05 | Austin Earl C. Jr. | President and CEO | 155,992 | $120M | 21.5% | No | Too little history (no open-market trades in 2025) |
| 2026-05-04 | Nobel Paul | Chief Accounting Officer & SVP | 4,000 | $3.0M | 33.2% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (PWR)
Consensus Buy (mean 2.23 on a 1–5 scale), 31 analysts; mean target USD 760.39 (low 410, high 945).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-05 | Truist Securities | Target lowered | Buy | $976 → $945 |
| 2026-09-28 | Piper Sandler | Target lowered | Overweight | $731 → $714 |
| 2026-09-24 | Bernstein | Upgrade | Market Perform → Outperform | $748 → $775 |
| 2026-09-09 | Piper Sandler | Initiated | Overweight | $731 |
| 2026-08-07 | Keybanc | Upgrade | Sector Weight → Overweight | $807 |
| 2026-08-03 | TD Cowen | Target raised | Buy | $775 → $785 |
| 2026-08-03 | Truist Securities | Target raised | Buy | $940 → $976 |
| 2026-08-03 | Mizuho | Target raised | Neutral | $659 → $741 |
| 2026-07-31 | Citigroup | Target raised | Buy | $837 → $871 |
| 2026-07-21 | JP Morgan | Downgrade | Overweight → Neutral | $714 |
| 2026-07-10 | Jefferies | Target lowered | Buy | $857 → $784 |
| 2026-07-02 | Truist Securities | Target raised | Buy | $851 → $940 |
Total return (dividends reinvested) (PWR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +29.4% | +371.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +29.5% | +36.3% |
| Volatility (annualized) | 44.5% | 32.4% |
| Max drawdown | -29.6% (May 2026→Oct 2026) | -33.1% (Jan 2025→Mar 2025) |
PWR revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Electric | $7.84B | 82.0% | +43.6% |
| Underground and Infrastructure | $1.72B | 18.0% | +30.7% |
| Total revenue | $9.56B | 100% | — |
PWR revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $9.10B | 95.3% | +45.0% |
| Canada | $215.8M | 2.3% | -9.5% |
| Australia | $206.6M | 2.2% | +4.3% |
| Others | $31.2M | 0.3% | -45.8% |
| Total revenue | $9.56B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
PWR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | LUMA Energy | “For example, our joint venture LUMA is exposed to various of these risks operating in Puerto Rico.” |
Quoted from the company's 10-K filed Feb 19, 2026.
Companies that name PWR in their SEC reports
| Relationship to PWR | Company | Filing | Sentence |
|---|---|---|---|
| partner | Cipher Digital Inc. (CIFR) | 10-K Feb 24, 2026 | “We have also secured a key partnership with Quanta Services, Inc. (NYSE:PWR), a key engineering, construction and procurement partner for our development of sites like Black Pearl and Barber Lake.” |
PWR company outlook (results filed Jul 30, 2026)
- “Adjusted diluted earnings per share attributable to common stock was $4.24 for the second quarter of 2026 compared to $2.48 for the second quarter of 2025. "Quanta delivered an exceptional first half of the year, highlighted by second-quarter results that meaningfully exceeded expectations and reflect the compounding strength and momentum of our operating model.”
- “Given this outperformance, our improved visibility into the back half of the year, and the expected contribution from recently completed acquisitions that strengthen our platform, we are significantly increasing our full-year 2026 financial expectations across all metrics.”
- “For the full year of 2026, in the aggregate, Quanta expects these acquisitions to contribute approximately $1.2 billion - $1.4 billion of revenues and approximately $120 million to $140 million of adjusted EBITDA.”
- “FULL-YEAR 2026 OUTLOOK Prior to the Company's conference call, management will post a summary of Quanta's updated 2026 guidance expectations with additional commentary in the "News and Events" and "Financial Info" areas of the Investor Relations section of Quanta's website at http://investors.quantaservices.com . -MORE- The long-term outlook for Quanta's business is positive.”
Quoted word-for-word from the SEC 8-K results press release.
PWR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $4.99 | $4.24 | +17.7% | $10.91B | 22 |
| Next quarter (ends Dec 2026) | $4.83 | $3.78 | +27.8% | $11.22B | 20 |
| Current fiscal year (ends Dec 2026) | $16.75 | $14.02 | +19.5% | $39.58B | 26 |
| Next fiscal year (ends Dec 2027) | $19.89 | $16.49 | +20.6% | $45.80B | 25 |
PWR options: expected move
Options price a move of about ±13.3% (±$73.15) by Nov 20, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±8.4% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 59.0% | ±13.3% |
| Dec 18, 2026 | 56 | 52.3% | ±16.5% |
| Jan 15, 2027 | 84 | 49.1% | ±18.9% |
| Feb 19, 2027 | 119 | 49.1% | ±22.4% |
| Mar 19, 2027 | 147 | 48.4% | ±24.4% |
| May 21, 2027 | 210 | 47.9% | ±28.9% |
| Jun 17, 2027 | 237 | 47.5% | ±30.3% |
| Sep 17, 2027 | 329 | 46.7% | ±34.9% |
30-day implied volatility 58.1% vs 46.4% realized over the last 30 trading days. Put/call ratio (volume) 5.55. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:16 UTC)
| Price | USD 552.44 |
|---|---|
| Change | ▼ 8.10% (down) |
| Previous Close | USD 601.14 |
| Open | USD 588.38 |
| Day Range | USD 543.06 – 588.38 |
| 52-Week Range | USD 408.36 – 788.75 |
| Volume | 2,007,115 shares |
| Market Cap | $83.06B |
| Exchange | NYQ |
Technical Analysis (PWR)
Nexqual's technical model rates PWR "SELL" based on 3 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:16 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 29.74 (oversold) |
| vs SMA50 | Below (USD 644.14) |
| MACD | -13.96 (negative) |
Analyst Ratings (PWR)
Wall Street analysts rate PWR "Buy" based on 31 analysts, with a mean price target of USD 760.39 (range USD 410–945), per Nexqual as of October 23, 2026 at 09:16 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 31 |
| Mean Target | USD 760.39 |
| High Target | USD 945 |
| Low Target | USD 410 |
| Buy / Hold / Sell | 25 / 5 / 1 |
Earnings (PWR)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 4.99 |
| Revenue Estimate | $10.91B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 4.24 vs est 3.31 ▲ beat |
| 2026-03-31 | USD 2.68 vs est 2.03 ▲ beat |
| 2025-12-31 | USD 3.16 vs est 3.02 ▲ beat |
| 2025-09-30 | USD 3.33 vs est 3.26 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financials & Fundamentals (PWR)
| Total Revenue | $32.91B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +41.10% |
| Gross Margin | +15.46% |
| Operating Margin | +7.22% |
| Profit Margin | +4.03% |
| ROE | +15.34% |
| Debt / Equity | 0.68 |
| Current Ratio | 1.1 |
| Total Cash | $506.43M |
| Total Debt | $6.60B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $2.39B (7.3% of revenue) |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financial Health Score (PWR)
Nexqual rates Quanta Services, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:16 UTC.
| Growth | Strong — Revenue +20% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 15%, operating 7% (last 12 months) |
| Balance Sheet | Solid — $506M cash and investments vs $6.10B debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $2.39B (last 4 quarters to Jun 2026, SEC), 7% margin |
| Efficiency | Solid — ROE 15%, ROA 5.2% |
Ownership (PWR)
| Insider Ownership | +0.67% |
|---|---|
| Institutional Ownership | +94.07% |
| Shares Outstanding | 150.34M |
| Float | 148.97M |
| Short % of Float | +2.44% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Leadership (PWR)
Quanta Services, Inc. is led by Earl C. Austin, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:16 UTC.
| President, CEO & Director | Earl C. Austin |
|---|---|
| Chief Financial Officer | Jayshree S. Desai |
| President of Strategic Operations | Gerald A. Ducey |
| President of Electric Power | Karl W. Studer |
| Vice President of Investor Relations | Kip A. Rupp C.F.A. |
Major Backers & Investors (PWR)
Notable institutional backers of Quanta Services, Inc. include JPMorgan, Peconic Partners, LLC, FMR, LLC, according to Nexqual as of October 23, 2026 at 09:16 UTC.
Active Investors
| Investor | Stake |
|---|---|
| JPMorgan | 3.53% |
| Peconic Partners, LLC | 3.14% |
| FMR, LLC | 2.34% |
| Bank of America Corporation | 2.11% |
| Morgan Stanley | 1.54% |
| Fidelity | 1.3% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.13% |
| BlackRock | 8.69% |
| State Street | 4.38% |
| Geode Capital | 2.34% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
From Quanta Services, Inc.'s Latest SEC 10-K Filing (filed 2026-02-19)
Key Strengths & Strategy (as disclosed to the SEC)
- Quanta Services, Inc. (together with its subsidiaries, "Quanta," "we," "us" or "our") is a leading provider of comprehensive infrastructure solutions for the electric and gas utility, power generation, large load center, manufacturing, communications, pipeline and energy industries in the United States, Canada, Australia and select other international markets.
- We have also expanded our capabilities and solutions related to civil solutions through recent acquisitions, which allows us to meet strong demand for these services.
- We have a large and diverse customer base, including many of the leading companies in the industries we serve, and we have developed strong strategic alliances with numerous customers and strive to develop and maintain our status as a preferred solutions provider to our customers.
- For example, we have developed and administer a succession program with respect to our executive officers and other senior leadership personnel, which is reviewed and/or overseen by our Board of Directors (Board).
Partnerships
- To accommodate this growth, we expect continued demand for new or expanded transmission, substation and distribution infrastructure to reliably transport power to meet demand driven by electrification, data centers and manufacturing reshoring, as well as the modification and reengineering of existing infrastructure with increasing penetration of renewable generation and battery storage and the increased investment in new gas-powered generation.
- Strategic alliance agreements also generally state an intention to work together over a period of time and/or on specific types of projects, and many provide us with preferential bidding procedures.
Legal & Regulatory Risks (Item 1A, quoted)
- Regulatory requirements applicable to our business and potential changes related to those requirements may adversely affect our business.
- Our unionized workforce and related obligations may adversely affect our operations.
- We could be adversely affected by failure to comply with laws applicable to our foreign activities.
- Our failure to comply with environmental laws and regulations could result in significant liabilities and costs.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| FIX | Comfort Systems USA, Inc. | USD 1,279.37 | ▼ 8.7% |
| FER | Ferrovial N.V. | USD 49.71 | ▼ 0.62% |
| EME | EMCOR Group, Inc. | USD 660.41 | ▼ 5.54% |
| APG | APi Group Corporation | USD 38.8 | ▼ 3.51% |
| J | Jacobs Solutions Inc. | USD 146.26 | ▲ 2.65% |
| MTZ | MasTec, Inc. | USD 171.55 | ▼ 5.2% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:16 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt