What is Quanta Services's work in process?

Quanta Services (PWR) reported work in process of $12.23M in Q1 2026.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Quanta Services PWR Work in process

Work in process at other companies

HubbellHUBB

$248.9M+11.0%

Everus Construction GroupECG

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Other financials

Income statement

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Revenue$7.9B+26.3%

Gross profit$1.1B+32.8%

Operating income$338.8M+41.7%

Net income$220.6M+52.9%

EPS (diluted)$1.45+51.0%

Balance sheet

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Cash & equivalents$369.8M-29.3%

Total debt$6.4B+32.5%

Total equity$9.0B+21.3%

Total assets$25.7B+34.6%

Cash flow

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Operating cash flow$391.7M+61.1%

CapEx$220.1M+65.8%

Free cash flow$171.7M+55.4%

Valuation

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Market cap$107.83B+102%

Enterprise value$113.82B+97.1%

P/E97.6×+40.2×

P/S3.6×+1.4×

Profitability

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Gross margin15.1%+0.1pp

Operating margin5.7%-0.1pp

Net margin3.7%-0.1pp

FCF margin5.6%-0.2pp

Returns & leverage

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Return on equity13.4%-0.1pp

Debt / equity0.7×+0.1×

Current ratio1.1×-0.2×

Where this comes from

Reported directly by Quanta Services in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Quanta Services’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Quanta Services's work in process?: Quanta Services (PWR) reported work in process of $12.23M in Q1 2026.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.