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Quanta Services PWR Contract Assets

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Other financials

Income statement

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Revenue$9.6B+41.1%
Gross profit$1.5B+53.4%
Operating income$694.8M+87.6%
Net income$451.4M+96.9%
EPS (diluted)$2.96+94.7%

Balance sheet

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Cash & equivalents$512.1M-0.1%
Total debt$6.6B+28.9%
Total equity$9.6B+22.7%
Total assets$28.3B+42.2%

Cash flow

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Operating cash flow$1.1B+270%
CapEx$231.0M+64.6%
Free cash flow$864.5M+456%

Valuation

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Market cap$102.68B+77.8%
Enterprise value$108.81B+74.4%
P/E77.4×+18.0×
P/S3.1×+0.9×

Profitability

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Gross margin15.5%+0.4pp
Operating margin6.2%+0.5pp
Net margin4%+0.3pp
FCF margin7.3%+2.1pp

Returns & leverage

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Return on equity15.2%+1.7pp
Debt / equity0.7×0.0×
Current ratio1.1×-0.3×

Where this comes from

Reported directly by Quanta Services in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The source filing: Quanta Services’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 10:07 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001050915-26-000025
Line itemJune 30, 2026December 31, 2025
Current Assets:
Cash and cash equivalents$506,431$439,508
Accounts receivable, net8,532,3116,847,091
Contract assets1,534,2651,522,186
Inventories469,865370,372
Prepaid expenses and other current assets816,882724,260
Total current assets11,859,7549,903,417
Property and equipment, net3,697,4113,455,204

Item 1. Financial Statements (Unaudited)

FAQ

What is Quanta Services's contract assets?
Quanta Services (PWR) reported contract assets of $1.53B in Q2 2026.
How has Quanta Services's contract assets changed year-over-year?
Quanta Services's contract assets increased by 13.9% year-over-year, from $1.35B to $1.53B.
What is the long-term trend for Quanta Services's contract assets?
Over 5 years (2020 to 2025), Quanta Services's contract assets has grown at a 27.4% compound annual growth rate (CAGR), from $453.83M to $1.52B.
What does contract assets mean?
Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

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