Quanta Services (PWR) is trading down at $660.53 (-4.12%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Industrials sector.
Current price targets from 2 firms average $838, ranging from $775 to $900 — 27% above the current $661. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $7.65B | $9.47B | $11.2B | $12.1B | $11.2B | $13.0B | $17.1B | $20.9B | $23.7B | $28.5B |
| Growth (year over year) | +1.0% | +23.7% | +18.0% | +8.4% | −7.5% | +15.9% | +31.5% | +22.3% | +13.4% | +20.3% |
| Gross profit | $1.01B | $1.24B | $1.48B | $1.60B | $1.66B | $1.95B | $2.53B | $2.94B | $3.51B | $4.28B |
| Gross margin | 13.3% | 13.1% | 13.2% | 13.2% | 14.8% | 15.0% | 14.8% | 14.1% | 14.8% | 15.0% |
| Operating income | $320.8M | $378.8M | $540.3M | $554.9M | $611.4M | $663.5M | $872.1M | $1.13B | $1.35B | $1.61B |
| Operating margin | 4.2% | 4.0% | 4.8% | 4.6% | 5.5% | 5.1% | 5.1% | 5.4% | 5.7% | 5.7% |
| Net income | $198.4M | $315.0M | $293.3M | $402.0M | $445.6M | $486.0M | $491.2M | $744.7M | $904.8M | $1.03B |
| Net margin | 2.6% | 3.3% | 2.6% | 3.3% | 4.0% | 3.7% | 2.9% | 3.6% | 3.8% | 3.6% |
| EPS (diluted) | $1.26 | $2.00 | $1.90 | $2.73 | $3.07 | $3.34 | $3.32 | $5.00 | $6.03 | $6.80 |
| Balance sheet | ||||||||||
| Cash and equivalents | $112.2M | $138.3M | $78.7M | $164.8M | $184.6M | $229.1M | $428.5M | $1.29B | $742.0M | $439.5M |
| Total assets | $5.35B | $6.48B | $7.08B | $8.33B | $8.40B | $12.9B | $13.5B | $16.2B | $18.7B | $24.9B |
| Total liabilities | $2.01B | $2.68B | $3.47B | $4.28B | $4.05B | $7.74B | $8.07B | $9.95B | $11.4B | $15.9B |
| Long-term debt | $353.6M | $670.7M | $1.04B | $1.29B | $1.17B | $3.72B | $3.69B | $3.66B | $4.10B | $5.23B |
| Shareholders' equity | $3.34B | $3.79B | $3.60B | $4.05B | $4.34B | $5.11B | $5.38B | $6.27B | $7.32B | $8.94B |
| Cash flow | ||||||||||
| Operating cash flow | $390.7M | $371.9M | $358.8M | $526.6M | $1.12B | $582.4M | $1.13B | $1.58B | $2.08B | $2.23B |
| Capital expenditure | $212.6M | $244.7M | $293.6M | $261.8M | $260.1M | $385.9M | $427.6M | $434.8M | $604.1M | $609.2M |
| Free cash flow | $178.2M | $127.2M | $65.2M | $264.8M | $855.9M | $196.5M | $702.7M | $1.14B | $1.48B | $1.62B |
| Dividends paid | — | $0 | $0 | $23.2M | $28.9M | $34.0M | $41.1M | $47.8M | $54.2M | $60.4M |
| Share buybacks | $0 | $50.0M | $443.2M | $20.1M | $247.2M | $66.7M | $127.8M | $350.0K | $0 | $134.6M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $6.49B | $6.55B | $6.23B | $6.77B | $7.63B | $7.84B | $7.87B | $9.56B |
| Growth (year over year) | +15.5% | +13.3% | +23.9% | +21.1% | +17.5% | +19.7% | +26.3% | +41.1% |
| Gross profit | $1.01B | $1.06B | $834.0M | $1.01B | $1.22B | $1.22B | $1.11B | $1.55B |
| Gross margin | 15.6% | 16.2% | 13.4% | 14.9% | 15.9% | 15.5% | 14.1% | 16.2% |
| Operating income | $431.2M | $452.7M | $239.1M | $370.3M | $517.2M | $484.9M | $338.8M | $694.8M |
| Operating margin | 6.6% | 6.9% | 3.8% | 5.5% | 6.8% | 6.2% | 4.3% | 7.3% |
| Net income | $293.2M | $305.1M | $144.3M | $229.3M | $339.4M | $315.4M | $220.6M | $451.4M |
| Net margin | 4.5% | 4.7% | 2.3% | 3.4% | 4.4% | 4.0% | 2.8% | 4.7% |
| EPS (diluted) | $1.95 | $2.03 | $0.96 | $1.52 | $2.24 | $2.08 | $1.45 | $2.96 |
| Balance sheet | ||||||||
| Cash and equivalents | $764.1M | $742.0M | $520.6M | $509.5M | $610.4M | $439.5M | $364.8M | $506.4M |
| Total assets | $18.9B | $18.7B | $19.1B | $19.9B | $22.7B | $24.9B | $25.7B | $28.3B |
| Total liabilities | $11.8B | $11.4B | $11.7B | $12.0B | $14.3B | $15.9B | $16.6B | $18.5B |
| Long-term debt | $4.13B | $4.10B | $4.36B | $4.65B | $5.53B | $5.23B | $5.20B | $5.42B |
| Shareholders' equity | $7.07B | $7.32B | $7.46B | $7.86B | $8.40B | $8.94B | $9.04B | $9.64B |
| Cash flow | ||||||||
| Operating cash flow | $739.9M | $712.0M | $243.2M | $295.7M | $563.5M | $1.13B | $391.7M | $1.10B |
| Capital expenditure | $212.5M | $147.0M | $132.8M | $140.3M | $142.4M | $193.6M | $220.1M | $231.0M |
| Free cash flow | $527.4M | $565.0M | $110.4M | $155.4M | $421.0M | $934.0M | $171.7M | $864.5M |
| Dividends paid | $13.8M | $13.4M | $15.5M | $14.9M | $15.1M | $15.0M | $17.2M | $16.5M |
| Share buybacks | $0 | $0 | $118.6M | $16.0M | $0 | −$13.0K | $0 | $0 |
From Quanta Services's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Quanta Services is a U.S. corporation that provides infrastructure services for the electric power, pipeline, industrial and communications industries. The company has grown organically since its founding, but it has also acquired over 200 companies in the electrical contracting and other construction industries. In the 2020s, it has been involved in the construction of data centers as a consequence of the rise of artificial intelligence and its need for electrical power.
Source: Wikipedia — Quanta Services
Bernstein upgrades Quanta Services stock rating on data center labor shift
Bernstein upgrades Quanta Services stock rating on data center labor shift
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PWR FY 2026 presentation: 83% profit surge, margin recovery outlined
PWR FY 2026 presentation: 83% profit surge, margin recovery outlined
Earnings call transcript: PWR Holdings posts record FY 2026 profit, shares rise
Earnings call transcript: PWR Holdings posts record FY 2026 profit, shares rise
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