Other
Unbilled balances
Quanta Services Unbilled balances increased by 14.5% to $1.26B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 33.2%, from $946.20M to $1.26B. Over 5 years (FY 2020 to FY 2025), Unbilled balances shows an upward trend with a 18.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionOther
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ4 2016
Last reportedQ1 2026Apr 30, 2026
How to read this metric
An increasing trend may signal delays in the billing process or a buildup of working capital that could impact cash flow.
Detailed definition
This represents revenue recognized for work performed on long-term contracts that has not yet been billed to the custome...
Peer comparison
Common in engineering, construction, and defense sectors where long-term contracts are standard.
Metric ID:
other_unbilled_contracts_receivableHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $643.00M | $827.30M | $679.00M | $792.20M | $897.50M | $977.20M | $823.90M | $923.10M | $929.40M | $957.90M | $743.60M | $794.30M | $827.10M | $993.30M | $859.90M | $946.20M | $996.50M | $1.19B | $1.10B | $1.26B |
| QoQ Change | — | +28.7% | -17.9% | +16.7% | +13.3% | +8.9% | -15.7% | +12.0% | +0.7% | +3.1% | -22.4% | +6.8% | +4.1% | +20.1% | -13.4% | +10.0% | +5.3% | +19.4% | -7.6% | +14.5% |
| YoY Change | — | — | — | — | +39.6% | +18.1% | +21.3% | +16.5% | +3.6% | -2.0% | -9.7% | -14.0% | -11.0% | +3.7% | +15.6% | +19.1% | +20.5% | +19.8% | +27.9% | +33.2% |
Range$643.00M – $1.26B
CAGR+15.2%
Avg YoY Growth+12.6%
Median YoY Growth+17.3%
Unbilled balances at Other Companies
Frequently Asked Questions
- What is Quanta Services's unbilled balances?
- Quanta Services (PWR) reported unbilled balances of $1.26B in Q1 2026.
- How has Quanta Services's unbilled balances changed year-over-year?
- Quanta Services's unbilled balances increased by 33.2% year-over-year, from $946.20M to $1.26B.
- What is the long-term trend for Quanta Services's unbilled balances?
- Over 5 years (2020 to 2025), Quanta Services's unbilled balances has grown at a 18.4% compound annual growth rate (CAGR), from $472.30M to $1.10B.
- What does unbilled balances mean?
- Revenue earned from work done but not yet invoiced to the client.