Quanta Services (NYSE:PWR) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Quanta Services (NYSE:PWR) posted its quarterly earnings results on Thursday. The construction company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14, FiscalAI reports. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The firm had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same period last year, the company earned $2.94 earnings per share. The business’s revenue was up 19.7% compared to the same quarter last year. Quanta Services updated its FY 2026 guidance to 12.650-13.350 EPS.

Here are the key takeaways from Quanta Services’ conference call:

• Record 2025 results: Quanta reported revenue of $28.5 billion (+20%), adjusted EBITDA of $2.9 billion, adjusted diluted EPS of $10.75 (+20%), record operating cash flow of $2.2 billion, free cash flow of $1.7 billion, and year-end backlog of $44 billion.
• Confident 2026 guidance: Management expects continued double‑digit growth in revenue, net income and adjusted EBITDA, the opportunity for >20% adjusted EPS growth, and roughly $1.8 billion free cash flow at the midpoint (including $250–$350 million of capex for vertical supply chain buildout).
• Strategic M&A and hiring: Quanta completed eight acquisitions in 2025 (including Dynamic Systems, Tri‑City Group, and Wilson Construction), added ~11,100 employees to reach ~69,500 headcount, funded ~$1.7 billion of Q4 deals with cash and stock while keeping leverage under 2x.
• Vertical supply‑chain investment: The company plans to invest approximately $500–$700 million over the next several years to build 345–765 kV transformers and breakers to de‑risk supply chains and create differentiated high‑voltage transmission solutions.
• Labor and margin pressures: Management flagged a tight craft labor market—especially in data center work—and expects ~6,000 organic hires in 2026, which could pressure electric infrastructure margins (midpoint guidance ~10.3%) despite ongoing efficiency and vertical integration initiatives.

Quanta Services Stock Performance

Shares of Quanta Services stock traded up $20.01 during trading hours on Thursday, hitting $539.32. 708,455 shares of the company’s stock traded hands, compared to its average volume of 1,077,314. The stock has a market capitalization of $80.42 billion, a price-to-earnings ratio of 79.90, a PEG ratio of 2.54 and a beta of 1.15. Quanta Services has a 12-month low of $227.08 and a 12-month high of $546.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30. The company has a fifty day simple moving average of $460.55 and a 200-day simple moving average of $431.77.

Analyst Upgrades and Downgrades

PWR has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on Quanta Services from $495.00 to $517.00 and gave the stock a “buy” rating in a report on Monday, January 26th. The Goldman Sachs Group set a $495.00 price objective on shares of Quanta Services in a report on Monday, November 24th. Mizuho set a $415.00 target price on shares of Quanta Services in a report on Tuesday, October 28th. Roth Mkm set a $500.00 price target on shares of Quanta Services and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Robert W. Baird set a $490.00 price objective on Quanta Services in a report on Friday, October 31st. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $464.15.

Institutional Investors Weigh In On Quanta Services

A number of hedge funds have recently modified their holdings of PWR. State Street Corp raised its stake in shares of Quanta Services by 2.1% in the fourth quarter. State Street Corp now owns 6,206,761 shares of the construction company’s stock valued at $2,619,626,000 after buying an additional 126,014 shares during the period. Bank of America Corp DE raised its stake in Quanta Services by 4.9% in the 2nd quarter. Bank of America Corp DE now owns 2,150,718 shares of the construction company’s stock valued at $813,144,000 after acquiring an additional 99,782 shares during the period. Invesco Ltd. lifted its holdings in Quanta Services by 5.4% during the third quarter. Invesco Ltd. now owns 1,805,239 shares of the construction company’s stock valued at $748,127,000 after purchasing an additional 93,290 shares during the last quarter. Northern Trust Corp increased its stake in shares of Quanta Services by 1.8% in the third quarter. Northern Trust Corp now owns 1,589,083 shares of the construction company’s stock worth $658,548,000 after purchasing an additional 27,688 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Quanta Services by 18.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,207,209 shares of the construction company’s stock valued at $509,515,000 after purchasing an additional 191,135 shares during the period. Institutional investors own 90.49% of the company’s stock.

Trending Headlines about Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Q4 beat — Adjusted EPS of $3.16 vs. consensus $3.00 and revenue of $7.84B (up ~19.7% YoY), signaling strong demand and execution. Quanta Services (PWR) Beats Q4 Earnings and Revenue Estimates
• Positive Sentiment: Raised FY‑2026 guidance — company now sees EPS $12.65–$13.35 (above consensus) and revenue ~$33.3B–$33.8B, implying double‑digit revenue growth and >20% EPS growth opportunity. QUANTA SERVICES REPORTS FOURTH QUARTER AND FULL-YEAR 2025 RESULTS
• Positive Sentiment: Record backlog and strong cash generation — year-end total backlog ~$44.0B and RPO ~$23.8B, plus robust free cash flow and adjusted EBITDA, supporting revenue visibility and capital flexibility. Quanta Services Posts Record 2025 Results, Backlog Surges
• Positive Sentiment: Investor narrative shifting toward electric-infrastructure and AI/data‑center exposure — analysts and headlines highlight Quanta as a beneficiary of grid buildout and data‑center demand, supporting multiple expansion expectations. This S&P 500 AI Data Center Play Eyes New Highs On Earnings; 20% Profit Growth Expected
• Neutral Sentiment: Analyst sentiment: the consensus rating is around “Moderate Buy,” reflecting broadly positive but measured broker views. Quanta Services, Inc. (NYSE:PWR) Given Average Rating of “Moderate Buy” by Brokerages
• Negative Sentiment: Execution risks remain — analysts warn margin pressure and project-timing variability can swing quarterly results despite strong backlog; investors should watch margin trends and backlog conversion. Quanta is Set to Report Q4 Earnings: Here’s What Investors Must Know

Quanta Services Company Profile

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.