QUANTA SERVICES, INC.

PWR 10-K · Q4 2025

PWR Q4 2025 request

Playground key active
Request URL /api/financials?ticker=PWR&year=2025&quarter=4
waiting 0 ms
Pick an endpoint and run the request.
curl

Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Revenue 7,841,948 6,553,422 +19.7%
Show Business Segments breakouts
Underground and Infrastructure 1,414,964 1,172,934 +20.6%
Show Geography breakouts
AU 208,310 163,775 +27.2%
CA 294,456 246,496 +19.5%
Others 36,242 110,120 -67.1%
US 7,302,940 6,033,031 +21.0%
Show — breakouts
Revenue 6,426,984 5,380,488 +19.4%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Integral Affiliates · Related Party 29.4 51 -42.4%
Show Contract With Customer Basis Of Pricing breakouts
Cost-plus contracts 1,192,801 1,090,913 +9.3%
Fixed Price Contract 4,741,505 3,817,372 +24.2%
Unit-price contracts 1,907,642 1,645,137 +16.0%
Cost of Revenue 6,624,912 5,490,056 +20.7%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Integral Affiliates · Related Party 134.2 108 +24.3%
Gross Profit 1,217,036 1,063,366 +14.5%
Income Loss From Equity Method Investments Integral Unconsolidated Affiliates 14,531 15,549 -6.5%
Show — breakouts
Income Loss From Equity Method Investments Integral Unconsolidated Affiliates 14,531 15,549 -6.5%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Integral Unconsolidated Affiliates · Related Party 14.5 15.6 -7.1%
Selling, General & Administrative -593,938 -506,180 -17.3%
Amortization Of Intangible Assets -142,860 -115,812 -23.4%
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 -9,840 -4,200 -134.3%
Operating Income 484,929 452,723 +7.1%
Interest Expense -75,748 -56,344 -34.4%
Interest Income 4,357 13,587 -67.9%
Other Non-Operating Income (Expense) 6,051 6,352 -4.7%
Income Before Taxes 419,589 416,318 +0.8%
Income Tax Expense (Benefit) 103,003 106,031 -2.9%
Net Income 316,586 310,287 +2.0%
Net Income Loss Attributable To Noncontrolling Interest 1,136 5,167 -78.0%
Net Income 315,450 305,120 +3.4%
EPS (Basic) 2.11 2.07 +1.9%
EPS (Diluted) 2.08 2.03 +2.5%
Wtd Avg Shares (Basic) 200 290 -31.0%
Wtd Avg Shares (Diluted) 163 145 +12.4%
Comprehensive Income 334,147 237,461 +40.7%
Net Income Loss Available To Common Stockholders Basic 315,450 305,120 +3.4%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 2024 YoY
Current Assets
Cash & Cash Equivalents 439,508 741,960 -40.8%
Show Cash And Cash Equivalents breakouts
Held by Captive Insurance Company 19,595 19,445 +0.8%
Held by Domestic Joint Ventures 63,620 71,646 -11.2%
Held by Foreign Joint Ventures 10,639 10,088 +5.5%
Held by Joint Ventures 74,259 81,734 -9.1%
Not Held By Joint Ventures Or Captive Insurance Company 345,654 640,781 -46.1%
Accounts Receivable 6,847,091 5,170,935 +32.4%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Integral Affiliates · Related Party 165 133.3 +23.8%
Contract With Customer Asset Net Current 1,522,186 1,208,619 +25.9%
Inventory 370,372 260,181 +42.4%
Prepaid Expenses & Other Current Assets 724,260 469,338 +54.3%
Total Current Assets 9,903,417 7,851,033 +26.1%
Non-Current Assets
Operating Lease Right-of-Use Assets 400,814 299,895 +33.7%
Other Non-Current Assets 944,050 655,709 +44.0%
Goodwill 7,317,228 5,316,443 +37.6%
Show Business Segments breakouts
Electric 5,133,696 4,473,087 +14.8%
Underground and Infrastructure 2,183,532 843,356 +158.9%
Show Business Acquisition breakouts
2025 Acquisitions, Excluding Dynamic Systems 993,574
Dynamic Systems, LLC 984,322
Total Assets 24,926,901 18,683,894 +33.4%
Property, Plant & Equipment (Q)
Show Geography breakouts
Non Us 211.9 177.9 +19.1%
Intangible Assets 2,903,188 1,857,537 +56.3%
Show Finite Lived Intangible Assets By Major Class breakouts
Curriculum 4,457 5,140 -13.3%
Customer Relationships 2,059,832 1,300,507 +58.4%
Developed Technology Rights 2,273 2,554 -11.0%
Noncompete Agreements 34,268 10,136 +238.1%
Order Or Production Backlog 164,064 83,863 +95.6%
Trade Names 638,294 455,337 +40.2%
Deferred Tax Assets 92,448 63,103 +46.5%
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 3,455,204 2,700,277 +28.0%
Intangible Assets Net Excluding Goodwill 2,906,188 1,860,537 +56.2%
Current Liabilities
Debt Current 763,898 62,680 +1118.7%
Operating Lease Liability Current 114,377 94,162 +21.5%
Accounts Payable And Accrued Liabilities Current 4,579,458 3,722,343 +23.0%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Integral Affiliates · Related Party 20.3 15.4 +31.8%
Deferred Revenue (Current) 3,258,465 2,149,328 +51.6%
Total Current Liabilities 8,716,198 6,028,513 +44.6%
Commercial Paper (Q)
Show Debt Instrument breakouts
Commercial Paper Program · Commercial Paper 316,000
Non-Current Liabilities
Operating Lease Liabilities 309,671 222,359 +39.3%
Deferred Tax Liabilities 502,626 353,268 +42.3%
Other Non-Current Liabilities 1,139,524 650,281 +75.2%
Show Loss Contingencies By Nature Of Contingency breakouts
Employer's Liability, Workers' Compensation, Auto Liability, General Liability and Group Health Care Claims 334.6 263.3 +27.1%
Total Liabilities 15,899,027 11,354,177 +40.0%
Long-Term Debt (Q)
Show Debt Instrument breakouts
2.35% Senior Notes due January 2032 · Senior Notes 500,000 500,000 0.0%
2.90% Senior Notes due October 2030 · Senior Notes 1,000,000 1,000,000 0.0%
3.05% Senior Notes due October 2041 · Senior Notes 500,000 500,000 0.0%
4.30% Senior Notes due August 2028 · Senior Notes 500,000
4.50% Senior Notes due January 2031 · Senior Notes 500,000
4.75% Senior Notes due August 2027 · Senior Notes 600,000 600,000 0.0%
5.10% Senior Notes due August 2035 · Senior Notes 500,000
5.25% Senior Notes due August 2034 · Senior Notes 650,000 650,000 0.0%
Show Long-Term Debt Type breakouts
Senior Notes 4.71
Other Liabilities
Long Term Debt And Capital Lease Obligations 5,231,008 4,099,756 +27.6%
Stockholders' Equity
Common Stock 2 2 0.0%
Additional Paid In Capital Common Stock 4,278,741 3,444,108 +24.2%
Retained Earnings 6,673,990 5,707,286 +16.9%
Accumulated Other Comprehensive Income -307,211 -372,708 +17.6%
Treasury Stock Common Value -1,707,273 -1,460,957 -16.9%
Total Stockholders' Equity 8,938,249 7,317,731 +22.1%
Minority Interest 89,625 11,986 +647.7%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 9,027,874 7,329,717 +23.2%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -307,211 -372,708 +17.6%
Additional Paid In Capital 4,278,741 3,444,108 +24.2%
Common Stock 2 2 0.0%
Noncontrolling Interest 89,625 11,986 +647.7%
Parent 8,938,249 7,317,731 +22.1%
Retained Earnings 6,673,990 5,707,286 +16.9%
Treasury Stock Common -1,707,273 -1,460,957 -16.9%
Total Liabilities & Equity 24,926,901 18,683,894 +33.4%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Depreciation 110,824 96,838 +14.4%
Stock-Based Compensation 52,826 39,711 +33.0%
Show Consolidation Items breakouts
Corporate Non Segment 52.8 39.7 +33.0%
Show Award Type breakouts
PSUs 13.7 9.3 +47.3%
Restricted Stock Units to be Settled in Common Stock 39.1 30.4 +28.6%
Other Operating Activities Cash Flow Statement 54,973 17,329 +217.2%
Increase Decrease In Accounts And Notes Receivable -73,387 -28,626 -156.4%
Increase Decrease In Contract With Customer Asset 104,032 101,319 +2.7%
Change in Inventory -50,922 11,215 -554.1%
Change in Prepaid & Other Assets -104,845 37,265 -381.3%
Increase Decrease In Other Accounts Payable And Accrued Liabilities -46,779 -278,839 +83.2%
Change in Deferred Revenue 699,631 296,417 +136.0%
Increase Decrease In Other Operating Capital Net -11,474 -2,558 -348.6%
Net Cash from Operations 1,127,565 712,015 +58.4%
Deferred Income Taxes -35,830 -6,478 -453.1%
Investing Activities
Capital Expenditures -193,594 -146,985 -31.7%
Proceeds From Sale Of Property Plant And Equipment And Insurance Settlement 12,477 10,413 +19.8%
Payments To Acquire Businesses Net Of Cash Acquired -1,268,866 -21,295 -5858.5%
Payments To Acquire Investments 301 -9,262 +103.2%
Proceeds From Sale Maturity And Collections Of Investments 0 0
Other Investing Activities 7,764 -42 +18585.7%
Net Cash from Investing -1,545,288 -167,171 -824.4%
Financing Activities
Proceeds From Long Term Lines Of Credit 16,195,247 7,978,331 +103.0%
Repayments Of Long Term Lines Of Credit -15,888,748 -8,018,098 -98.2%
Proceeds From Notes Payable 0 0
Tax Withholding for Share Compensation -14,689 -14,925 +1.6%
Payments Of Dividends Common Stock -15,029 -13,427 -11.9%
Proceeds From Payments For Other Financing Activities -33,206 35,056 -194.7%
Net Cash from Financing 243,575 -533,063 +145.7%
Supplemental
Interest Paid -47,646 -47,378 -0.6%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 3,295 -34,539 +109.5%
Net Change in Cash -170,853 -22,758 -650.7%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 442,823 746,010 -40.6%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

Get API Key