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Quanta Services PWR Q3 2025 earnings

Reported October 30, 2025 · Before market open

Revenue$7.5BBeat by $98.7M
EPS$3.33Beat by $0.08
Revenue estimate$7.4B
EPS estimate$3.25

Next report

Oct 29, 2026 (In 3 weeks)
Revenue estimate$10.9B
EPS estimate$4.95

Financials

Q3 2025

Income statement

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Revenue$7.6B+17.5%
Gross profit$1.2B+20.1%
Operating income$517.2M+20.0%
Net income$339.4M+15.8%
EPS (diluted)$2.24+14.9%

Balance sheet

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Cash & equivalents$613.7M-20.2%
Total debt$6.1B+20.0%
Total equity$8.4B+18.7%
Total assets$22.7B+20.6%

Cash flow

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Operating cash flow$563.5M-23.8%
CapEx$142.4M-33.0%
Free cash flow$421.0M-20.2%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$61.75B+41.3%
Enterprise value$67.2B+40.0%
P/E60.7×+6.7×
P/S2.3×+0.4×

Profitability

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Gross margin15.2%+1.0pp
Operating margin5.8%+0.5pp
Net margin3.7%+0.2pp
FCF margin4.6%-3.3pp

Returns & leverage

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Return on equity13.2%+0.7pp
Debt / equity0.7×0.0×
Current ratio1.3×+0.1×

Segments

By segment

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Underground and Infrastructure (1)$1.5B—

FAQ

When did Quanta Services report Q3 2025 earnings?
Quanta Services (PWR) reported Q3 2025 earnings on October 30, 2025 before market open.
What were Quanta Services's Q3 2025 revenue and EPS?
Quanta Services reported revenue of $7.5B and eps of $3.33 for Q3 2025.
Did Quanta Services beat estimates in Q3 2025?
Revenue beat the consensus estimate of $7.4B by $98.7M. EPS beat the consensus estimate of $3.25 by $0.08.
How did Quanta Services's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 15.6% from $6.5B a year earlier and eps grew 22.4% from $2.72.
Where can I find Quanta Services's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-257378) and the 10-Q periodic report (0001050915-25-000111) directly on SEC EDGAR. The filing index links above go to sec.gov.