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Quanta Services PWR Q4 2025 Annual earnings

Reported February 19, 2026 · Before market open

Revenue$7.8BBeat by $480.1M
EPS$3.16Beat by $0.14
Revenue estimate$7.4B
EPS estimate$3.02

Next report

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

Financials

Q4 2025

Income statement

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Revenue$7.8B+19.7%
Gross profit$1.2B+14.5%
Operating income$484.9M+7.1%
Net income$315.5M+3.4%
EPS (diluted)$2.08+2.5%

Balance sheet

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Cash & equivalents$442.8M-40.6%
Total debt$6.5B+43.8%
Total equity$8.9B+22.1%
Total assets$24.9B+33.4%

Cash flow

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Operating cash flow$1.1B+58.4%
CapEx$193.6M+31.7%
Free cash flow$934.0M+65.3%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$62.94B+34.9%
Enterprise value$69.01B+36.8%
P/E61.2×+9.6×
P/S2.2×+0.2×

Profitability

See full
Gross margin15%+0.2pp
Operating margin5.7%0.0pp
Net margin3.6%-0.2pp
FCF margin5.7%-0.5pp

Returns & leverage

See full
Return on equity12.7%-0.7pp
Debt / equity0.7×+0.1×
Current ratio1.1×-0.2×

Segments

By segment

See full
Electric$5.8B+68.9%
Underground and Infrastructure (1)$1.4B+20.6%

FAQ

When did Quanta Services report Q4 2025 earnings?
Quanta Services (PWR) reported Q4 2025 earnings on February 19, 2026 before market open.
What were Quanta Services's Q4 2025 revenue and EPS?
Quanta Services reported revenue of $7.8B and eps of $3.16 for Q4 2025.
Did Quanta Services beat estimates in Q4 2025?
Revenue beat the consensus estimate of $7.4B by $480.1M. EPS beat the consensus estimate of $3.02 by $0.14.
How did Quanta Services's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 19.7% from $6.6B a year earlier and eps grew 7.5% from $2.94.
Where can I find Quanta Services's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001193125-26-058069) and the 10-K periodic report (0001050915-26-000006) directly on SEC EDGAR. The filing index links above go to sec.gov.