Income StatementBalance SheetCash FlowSegments
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Quanta Services Cash Flow Statement

Operating, investing, and financing cash movements

Quanta Services generated $2.4B in operating cash flow over the trailing twelve months. After $696.5M in capital expenditures, free cash flow was $1.7B. Free cash flow increased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.4BNet Cash From Investing (TTM)-$3.5BNet Cash From Financing (TTM)$974.2MCapital Expenditures (TTM)$696.5MNet Change In Cash (TTM)$153.4M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$108.56B
P/E Ratio98.27
ROE13.39%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$21.3M$394.3M$191.8M$1.2B$1.3B$22.9M
Capital expenditures$147.0M$132.8M$140.3M$142.4M$193.6M$220.1M
Payment for (Proceeds from) Other Investing Activity$0.0$912.0K-$5.5M-$1.3M-$7.8M-$8.8M
Payments to Acquire Other Productive Assets$0.0$25.8M$25.8M$25.8M$25.8M—
Net cash from investing activities-$167.2M-$520.6M-$459.9M-$1.3B-$1.5B-$221.4M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from Lines of Credit$8.0B$5.5B$10.4B$20.9B$16.2B$16.9B
Proceeds from Long-term Lines of Credit$8.0B$5.5B$10.4B$20.9B$16.2B$16.9B
Dividends paid$13.4M$15.5M$14.9M$15.1M$15.0M$17.2M
Other, net—-$13.4M-$17.6M$0.0-$33.2M-$33.6M
Repayments of Long-Term Lines of Credit$8.0B$5.2B$10.1B$21.5B$15.9B$17.0B
Repayments of Senior Debt$125.0M$0.0$0.0$0.0$0.0—
Payment of Deferred Purchase Consideration$0.0-$13.4M$116.0M——-$33.6M
Proceeds from revolving credit facility$8.0B$5.5B$10.4B$20.9B$16.2B$16.9B
Noncontrolling interest transactions and other—-$13.4M-$17.6M$0.0-$33.2M-$33.6M
Net cash from financing activities-$533.1M$52.4M$134.4M$844.7M$243.6M-$248.5M
Noncontrolling Interests Activity and Other—-$13.4M-$17.6M$0.0-$33.2M-$33.6M
Repurchases of common stock$0.0$118.6M$16.0M——$0.0
Taxes paid for net share settlement$14.9M$71.6M$1.0M$25.0M$14.7M$143.5M
Payments on Revolving Credit Facilities$8.0B$5.2B$10.1B$21.5B$15.9B$17.0B
Repayments of Long-term Lines of Credit$8.0B$5.2B$10.1B$21.5B$15.9B$17.0B
Repayments of lines of credit$8.0B$5.2B$10.1B$21.5B$15.9B$17.0B

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in deferred revenue$296.4M$6.1M-$38.9M$157.7M$699.6M$583.0M
Change in inventories—$2.8M$22.9M$45.1M$50.9M$76.8M
Other working capital changes$17.3M$11.3M$3.6M$9.9M$55.0M$30.7M
Net cash from operating activities$712.0M$243.2M$295.7M$563.5M$1.1B$391.7M
Net income$310.3M$149.0M$233.5M$342.8M$316.6M$231.4M
Amortization of capitalized software and acquired intangible assets$115.8M$109.6M$113.2M$133.2M$142.9M$152.4M
Depreciation$96.8M$98.1M$98.7M$103.9M$110.8M$113.3M
Increase (Decrease) in Accounts and Notes Receivable$28.6M$36.3M$33.2M$711.0M$73.4M$745.9M
Increase (Decrease) in Contract with Customer, Asset-$101.3M$48.4M$54.6M$218.7M—$94.8M
Other current liabilities—-$54.5M$119.0M$637.2M$0.0$121.0M
Increase (Decrease) in Prepaid Expense and Other Assets-$37.3M$13.8M$151.3M—$104.8M-$74.6M
Stock-based compensation$39.7M$38.2M$44.1M$46.9M$52.8M$62.6M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$565.0M$110.4M$155.4M$421.0M$934.0M$171.7M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$34.5M$2.3M$19.3M$0.0$3.3M$5.1M
Net increase (decrease) in cash-$22.8M-$222.8M-$10.5M—-$170.9M-$73.0M
Proceeds from sale of and insurance settlements related to property and equipment$10.4M$7.3M$15.1M$17.0M$12.5M$12.8M