Discontinued — last reported Q3 '23
Current Assets
Contract Assets
Quanta Services Contract Assets decreased by 2.7% to $1.52B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 25.9%, from $1.21B to $1.52B. Over 5 years (FY 2020 to FY 2025), Contract Assets shows an upward trend with a 27.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalHigher is better
VolatilityModerate
First reportedQ4 2018
Last reportedQ3 2023
How to read this metric
An increase suggests strong project progress or service delivery ahead of billing cycles; a decrease may indicate slower project completion or faster billing.
Detailed definition
This represents the entity's right to consideration in exchange for goods or services that the entity has transferred to...
Peer comparison
Standard for companies with long-term service or construction-type contracts.
Metric ID:
contract_assetsHistorical Data
19 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $669.31M | $760.28M | $803.45M | $975.34M | $1.00B | $1.13B | $1.08B | $1.29B | $1.36B | $1.58B | $1.41B | $1.27B | $1.23B | $1.33B | $1.21B | $1.26B | $1.35B | $1.56B | $1.52B |
| QoQ Change | — | +13.6% | +5.7% | +21.4% | +2.7% | +12.5% | -4.2% | +19.2% | +5.4% | +16.8% | -10.8% | -9.8% | -3.7% | +8.3% | -9.0% | +4.2% | +7.0% | +16.1% | -2.7% |
| YoY Change | — | — | — | — | +49.7% | +48.3% | +34.4% | +32.0% | +35.5% | +40.6% | +30.8% | -1.0% | -9.6% | -16.1% | -14.5% | -1.2% | +9.7% | +17.7% | +25.9% |
Range$669.31M – $1.58B
CAGR+20.0%
Avg YoY Growth+18.8%
Median YoY Growth+25.9%
Contract Assets at Other Companies
Frequently Asked Questions
- What is Quanta Services's contract assets?
- Quanta Services (PWR) reported contract assets of $1.52B in Q4 2025.
- How has Quanta Services's contract assets changed year-over-year?
- Quanta Services's contract assets increased by 25.9% year-over-year, from $1.21B to $1.52B.
- 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 earned for work performed but not yet billed to the customer.