PWR: reading the FY2025 financial structure
Annual revenue of USD 28.480 billion and net income of USD 1.028 billion for the period ended 2025-12-31.
Data through 2025-12-31
PWR / Industrials
Electrical Work
QUANTA SERVICES, INC. is an SEC-reporting issuer listed on NYSE under PWR. Its SEC industry description is Electrical Work. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.
Equipment manufacturers, transport operators and industrial service providers face differing order and asset cycles.
Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.
Annual reporting currency: USD. Financial amounts are in millions, except per-share figures and ratios.
| Metric | 2025-12-31 | 2024-12-31 | Source filed |
|---|---|---|---|
| Revenue | USD 28,479.7m | USD 23,672.8m | 2026-02-19 |
| Operating income | USD 1,611.5m | USD 1,346.5m | 2026-02-19 |
| Net income | USD 1,028.4m | USD 904.8m | 2026-02-19 |
| Diluted EPS | USD 6.80 | USD 6.03 | 2026-02-19 |
| Operating cash flow | USD 2,230m | USD 2,081.2m | 2026-02-19 |
| Capital expenditure | USD 609.2m | USD 604.1m | 2026-02-19 |
| Free cash flow | USD 1,620.8m | USD 1,477.1m | 2026-02-19 |
| Gross margin | 15.01% | 14.83% | 2026-02-19 |
| Operating margin | 5.66% | 5.69% | 2026-02-19 |
FCF = operating cash flow − purchases of property, plant and equipment. Missing tags remain unavailable. Standardized cash-flow comparisons are particularly limited for financial businesses.
{
"revenue": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 28479697000,
"accn": "0001050915-26-000006",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-19",
"frame": "CY2025",
"tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
"unit": "USD"
},
"netIncome": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 1028378000,
"accn": "0001050915-26-000006",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-19",
"tag": "us-gaap:NetIncomeLoss",
"unit": "USD"
},
"grossProfit": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 4275081000,
"accn": "0001050915-26-000006",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-19",
"frame": "CY2025",
"tag": "us-gaap:GrossProfit",
"unit": "USD"
},
"operatingIncome": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 1611509000,
"accn": "0001050915-26-000006",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-19",
"frame": "CY2025",
"tag": "us-gaap:OperatingIncomeLoss",
"unit": "USD"
},
"eps": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 6.8,
"accn": "0001050915-26-000006",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-19",
"frame": "CY2025",
"tag": "us-gaap:EarningsPerShareDiluted",
"unit": "USD/shares"
},
"operatingCashFlow": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 2229970000,
"accn": "0001050915-26-000006",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-19",
"frame": "CY2025",
"tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
"unit": "USD"
},
"capex": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 609154000,
"accn": "0001050915-26-000006",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-19",
"frame": "CY2025",
"tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
"unit": "USD"
},
"totalAssets": {
"end": "2025-12-31",
"val": 24926901000,
"accn": "0001050915-26-000006",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-19",
"tag": "us-gaap:Assets",
"unit": "USD"
},
"totalLiabilities": {
"end": "2025-12-31",
"val": 15899027000,
"accn": "0001050915-26-000006",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-19",
"tag": "us-gaap:Liabilities",
"unit": "USD"
},
"shareholdersEquity": {
"end": "2025-12-31",
"val": 8938249000,
"accn": "0001050915-26-000006",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-19",
"tag": "us-gaap:StockholdersEquity",
"unit": "USD"
},
"currentAssets": {
"end": "2025-12-31",
"val": 9903417000,
"accn": "0001050915-26-000006",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-19",
"tag": "us-gaap:AssetsCurrent",
"unit": "USD"
},
"currentLiabilities": {
"end": "2025-12-31",
"val": 8716198000,
"accn": "0001050915-26-000006",
"fy": 2025,
"fp": "FY",
"form": "10-K",
"filed": "2026-02-19",
"tag": "us-gaap:LiabilitiesCurrent",
"unit": "USD"
}
}Reported fiscal periods, not a live price chart.
Interactive chart loads in the browser. The full annual values are available below.
| Period end | Revenue | Net income | EPS |
|---|---|---|---|
| 2025-12-31 | USD 28,479.7m | USD 1,028.4m | USD 6.80 |
| 2024-12-31 | USD 23,672.8m | USD 904.8m | USD 6.03 |
| 2023-12-31 | USD 20,882.2m | USD 744.7m | USD 5.00 |
| 2022-12-31 | USD 17,073.9m | USD 491.2m | USD 3.32 |
This release does not quote price-based multiples because it does not include synchronized market prices. A financial denominator must be paired with a clearly dated market value.
| Measure | Interpretation |
|---|---|
| P/E | Price divided by EPS; identify annual, trailing or forward basis. |
| P/S & P/B | Market capitalization divided by sales or book equity. |
| EV / EBITDA | Enterprise value and EBITDA need consistent definitions. |
| FCF yield | Free cash flow divided by dated market capitalization. |
A sector median is descriptive, not a fair-value estimate. Explore sector context ↗
Annual-disclosure reading guide for PWR: Backlog conversion, utilization, deliveries, working capital and service revenue. Filing metadata only; this note is not a substantive review of the full document.
Read SEC original ↗Annual revenue of USD 28.480 billion and net income of USD 1.028 billion for the period ended 2025-12-31.
Order cancellations, supply constraints, execution risk, labor costs and capital-cycle sensitivity.
Backlog conversion, utilization, deliveries, working capital and service revenue.