Quanta Services Inc (PWR) financial statements: income statement, balance sheet and cash flow
Quanta Services Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Quanta Services Inc reported revenue of $28.5B (+20.3% year on year) and net income of $1.0B (+12.4% year on year).
Income statement
Quanta Services Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$28.5B
$23.7B
$20.9B
$17.1B
Cost of services
$24.2B
$20.2B
$17.9B
$14.5B
Gross profit
$4.3B
$3.5B
$2.9B
$2.5B
Equity in earnings of integral unconsolidated affiliates
$55.6M
$50.5M
$41.6M
$52.5M
Selling, general and administrative expenses
($2.2B)
($1.8B)
($1.6B)
($1.3B)
Amortization of intangible assets
($498.8M)
($383.0M)
($289.0M)
($354.0M)
Increase in fair value of contingent consideration liabilities
($31.2M)
($7.1M)
($6.6M)
($4.4M)
Operating income
$1.6B
$1.3B
$1.1B
$872.1M
Interest and other financing expenses
($261.4M)
($202.7M)
($186.9M)
($124.4M)
Interest income
$15.7M
$32.4M
$10.8M
$2.6M
Other income, net
$23.7M
$35.8M
$18.1M
($46.4M)
Income before income taxes
$1.4B
$1.2B
$970.0M
$703.9M
Provision for income taxes
$347.6M
$284.7M
$219.3M
$192.2M
Net income
$1.0B
$927.3M
$750.7M
$511.6M
Less: Net income attributable to non-controlling interests
$13.5M
$22.5M
$6.0M
$20.5M
Net income attributable to common stock
$1.0B
$904.8M
$744.7M
$491.2M
Basic (in dollars per share)
$6.91
$6.16
$5.13
$3.42
Diluted (in dollars per share)
$6.80
$6.03
$5.00
$3.32
Weighted average basic shares outstanding (in shares)
148.8M
146.9M
145.2M
143.5M
Weighted average diluted shares outstanding (in shares)
151.3M
150.1M
148.8M
148.0M
Quanta Services Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenues
$9.6B
$7.9B
$7.6B
$6.8B
Cost of services
$8.0B
$6.8B
$6.4B
$5.8B
Gross profit
$1.5B
$1.1B
$1.2B
$1.0B
Equity in earnings of integral unconsolidated affiliates
$11.6M
$14.5M
$13.7M
$14.4M
Selling, general and administrative expenses
($698.5M)
($620.7M)
($573.0M)
($528.4M)
Amortization of intangible assets
($157.0M)
($152.4M)
($133.2M)
($113.2M)
Increase in fair value of contingent consideration liabilities
($6.5M)
($9.9M)
($6.8M)
($10.2M)
Operating income
$694.8M
$338.8M
$517.2M
$370.3M
Interest and other financing expenses
($73.5M)
($73.3M)
($71.8M)
($59.6M)
Interest income
$3.3M
$2.9M
$3.7M
$3.8M
Other (expense) income, net
($7.4M)
($12.1M)
$13.3M
$4.1M
Income before income taxes
$617.2M
$256.4M
$462.4M
$318.6M
Provision for income taxes
$157.6M
$24.9M
$119.6M
$85.1M
Net income
$459.6M
$231.4M
$342.8M
$233.5M
Less: Net income attributable to non-controlling interests
$8.2M
$10.8M
$3.4M
$4.3M
Net income attributable to common stock
$451.4M
$220.6M
$339.4M
$229.3M
Basic (in dollars per share)
$3.01
$1.47
$2.28
$1.54
Diluted (in dollars per share)
$2.96
$1.45
$2.24
$1.52
Weighted average basic shares outstanding (in shares)
150.2M
149.8M
149.0M
148.4M
Weighted average diluted shares outstanding (in shares)
152.4M
152.1M
151.5M
150.9M
Balance sheet
Quanta Services Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$439.5M
$742.0M
$1.3B
$428.5M
Accounts receivable, net
$6.8B
$5.2B
$4.4B
$3.7B
Contract assets
$1.5B
$1.2B
$1.4B
$1.1B
Inventories
$370.4M
$260.2M
$175.7M
$103.3M
Prepaid expenses and other current assets
$724.3M
$469.3M
$387.1M
$249.6M
Total current assets
$9.9B
$7.9B
$7.7B
$5.5B
Property and equipment, net
$3.5B
$2.7B
$2.3B
$2.0B
Operating lease right-of-use assets
$400.8M
$299.9M
$249.4M
$229.7M
Other assets, net
$944.0M
$655.7M
$565.6M
$622.7M
Other intangible assets, net
$2.9B
$1.9B
$1.4B
$1.5B
Goodwill
$7.3B
$5.3B
$4.0B
$3.6B
Total assets
$24.9B
$18.7B
$16.2B
$13.5B
Current maturities of long-term debt
$763.9M
$62.7M
$535.2M
$37.5M
Current portion of operating lease liabilities
$114.4M
$94.2M
$78.0M
$74.1M
Accounts payable and accrued expenses
$4.6B
$3.7B
$3.1B
$2.2B
Contract liabilities
$3.3B
$2.1B
$1.5B
$1.1B
Total current liabilities
$8.7B
$6.0B
$5.2B
$3.4B
Long-term debt, net of current maturities
$5.2B
$4.1B
$3.7B
$3.7B
Operating lease liabilities, net of current portion
$309.7M
$222.4M
$187.0M
$171.5M
Deferred income taxes
$502.6M
$353.3M
$254.0M
$227.9M
Insurance and other non-current liabilities
$1.1B
$650.3M
$636.3M
$567.5M
Total liabilities
$15.9B
$11.4B
$10.0B
$8.1B
Common stock
$2.0K
$2.0K
$2.0K
$2.0K
Additional paid-in capital
$4.3B
$3.4B
$3.0B
$2.7B
Retained earnings
$6.7B
$5.7B
$4.9B
$4.2B
Accumulated other comprehensive loss
($307.2M)
($372.7M)
($282.9M)
($310.7M)
Treasury stock, 29,956,791 and 29,039,968 common shares
-1.7B
-1.5B
-1.3B
—
Total stockholders’ equity
$8.9B
$7.3B
$6.3B
$5.4B
Non-controlling interests
$89.6M
$12.0M
$11.1M
$15.4M
Total equity
$9.0B
$7.3B
$6.3B
$5.4B
Total liabilities and equity
$24.9B
$18.7B
$16.2B
$13.5B
Quanta Services Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$506.4M
$364.8M
$610.4M
$509.5M
Accounts receivable, net
$8.5B
$7.6B
$6.4B
$5.4B
Contract assets
$1.5B
$1.6B
$1.6B
$1.3B
Inventories
$469.9M
$446.9M
$333.7M
$286.9M
Prepaid expenses and other current assets
$816.9M
$633.2M
$605.2M
$647.7M
Total current assets
$11.9B
$10.7B
$9.5B
$8.2B
Property and equipment, net
$3.7B
$3.5B
$3.0B
$2.9B
Operating lease right-of-use assets
$467.7M
$404.5M
$365.4M
$345.7M
Other assets, net
$1.2B
$1.0B
$903.5M
$884.5M
Other intangible assets, net
$3.2B
$2.7B
$2.3B
$1.9B
Goodwill
$7.9B
$7.4B
$6.7B
$5.7B
Total assets
$28.3B
$25.7B
$22.7B
$19.9B
Current maturities of long-term debt and short-term debt
$683.0M
$689.7M
$97.4M
$86.8M
Current portion of operating lease liabilities
$125.4M
$115.8M
$107.5M
$100.3M
Accounts payable and accrued expenses
$5.7B
$4.7B
$4.4B
$3.7B
Contract liabilities
$4.2B
$3.8B
$2.4B
$2.1B
Total current liabilities
$10.8B
$9.4B
$7.0B
$6.0B
Long-term debt, net of current maturities
$5.4B
$5.2B
$5.5B
$4.7B
Operating lease liabilities, net of current portion
$372.9M
$312.2M
$281.0M
$266.5M
Deferred income taxes
$513.9M
$514.9M
$451.8M
$366.0M
Insurance and other non-current liabilities
$1.4B
$1.2B
$1.0B
$758.9M
Total liabilities
$18.5B
$16.6B
$14.3B
$12.0B
Common stock, $0.00001 par value, 600,000,000 shares authorized, 180,502,506 and 179,534,355 shares issued, and 150,273,799 and 149,577,564 shares outstanding
2.0K
2.0K
2.0K
2.0K
Additional paid-in capital
$4.5B
$4.3B
$4.0B
$3.8B
Retained earnings
$7.3B
$6.9B
$6.4B
$6.1B
Accumulated other comprehensive loss
($341.1M)
($319.1M)
($325.9M)
($298.7M)
Treasury stock, 30,228,707 and 29,956,791 common shares
-1.9B
-1.9B
-1.7B
-1.7B
Total stockholders’ equity
$9.6B
$9.0B
$8.4B
$7.9B
Non-controlling interests
$104.0M
$98.3M
$8.0M
$11.2M
Total equity
$9.7B
$9.1B
$8.4B
$7.9B
Total liabilities and equity
$28.3B
$25.7B
$22.7B
$19.9B
Cash flow statement
Quanta Services Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$1.0B
$927.3M
$750.7M
$511.6M
Depreciation
$411.5M
$359.4M
$324.8M
$290.6M
Amortization of intangible assets
$498.8M
$383.0M
$289.0M
$354.0M
Non-cash stock-based compensation
$181.9M
$150.5M
$126.8M
$105.6M
Other non-cash adjustments, net
$79.8M
$21.0M
($8.3M)
—
Accounts, notes and retainage receivable
($853.8M)
($428.1M)
($615.7M)
—
Contract assets
($217.6M)
$255.7M
($303.1M)
—
Inventories
($121.7M)
($39.5M)
—
—
Prepaid expenses and other current assets
($240.5M)
$40.4M
($90.3M)
—
Accounts payable and accrued expenses, insurance and other non-current liabilities
$655.0M
$52.4M
$771.9M
—
Contract liabilities
$824.5M
$373.6M
$293.1M
—
Other assets and liabilities, net
($29.7M)
($8.3M)
$6.7M
—
Net cash provided by operating activities
$2.2B
$2.1B
$1.6B
$1.1B
Capital expenditures
($609.2M)
($604.1M)
($434.8M)
($427.6M)
Proceeds from sale of and insurance settlements related to property and equipment
$51.9M
$77.6M
$69.3M
—
Cash paid for asset acquisitions
($103.4M)
—
—
—
Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired
($3.1B)
($1.7B)
($651.6M)
($195.1M)
Investments in unconsolidated affiliates and other
($148.9M)
($81.9M)
($7.5M)
($78.1M)
Proceeds from the sale or settlement of certain investments
$17.0M
$29.2M
$42.3M
$20.6M
Other, net
$13.6M
$30.5M
($7.3M)
—
Net cash used in investing activities
($3.8B)
($2.3B)
($989.6M)
($617.2M)
Borrowings under credit facility and commercial paper program
$53.0B
$19.9B
$18.2B
$9.3B
Payments under credit facility and commercial paper program
($52.8B)
($20.7B)
($17.8B)
($9.3B)
Net proceeds from notes offering
$1.5B
$1.2B
—
—
Payments related to senior notes
$0
($500.0M)
—
—
Payments of contingent consideration liabilities recorded at acquisition date
($102.6M)
—
—
($1.5M)
Payments related to tax withholding for stock-based compensation
($112.3M)
($155.6M)
($119.8M)
($82.6M)
Payments of dividends
($60.4M)
($54.2M)
($47.8M)
($41.1M)
Repurchase of common stock
($134.6M)
$0
($350.0K)
($127.8M)
Other, net
($59.5M)
($3.8M)
$27.7M
—
Net cash provided by (used in) financing activities
$1.3B
($305.6M)
$268.5M
($311.1M)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash
$22.8M
($30.3M)
$7.0M
($723.0K)
Net (decrease) increase in cash, cash equivalents and restricted cash
($303.2M)
($549.0M)
$861.8M
$201.3M
Cash, cash equivalents and restricted cash, beginning of year
$746.0M
$1.3B
$433.2M
$231.9M
Cash, cash equivalents and restricted cash, end of year
$442.8M
$746.0M
$1.3B
$433.2M
Quanta Services Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$691.0M
$231.4M
$725.3M
$382.5M
Depreciation
$230.4M
$113.3M
$300.7M
$196.8M
Amortization of intangible assets
$309.3M
$152.4M
$355.9M
$222.7M
Non-cash stock-based compensation
$126.0M
$62.6M
$129.1M
$82.2M
Other non-cash adjustments, net
$25.9M
$30.7M
$24.8M
$14.9M
Accounts, notes and retainage receivable
($1.1B)
($745.9M)
($780.4M)
($69.5M)
Contract assets
($290.2M)
($94.8M)
($321.7M)
($102.9M)
Inventories
($99.9M)
($76.8M)
($70.8M)
($25.7M)
Prepaid expenses and other current assets
$82.6M
$74.6M
($135.7M)
($165.1M)
Accounts payable and accrued expenses, insurance and other non-current liabilities
$884.0M
$121.0M
$701.7M
$64.5M
Contract liabilities
$700.2M
$583.0M
$124.8M
($32.9M)
Other assets and liabilities, net
($45.0M)
($59.9M)
($18.2M)
($19.0M)
Net cash provided by operating activities
$1.5B
$391.7M
$1.1B
$538.9M
Capital expenditures
($451.0M)
($220.1M)
($415.6M)
($273.1M)
Proceeds from sale of and insurance settlements related to property and equipment
$34.2M
$12.8M
$39.4M
$22.4M
Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired
($930.3M)
($22.9M)
($1.8B)
($586.1M)
Investments in unconsolidated affiliates and other
($26.6M)
—
($149.2M)
($148.3M)
Other, net
$14.9M
$8.8M
$5.9M
$4.6M
Net cash used in investing activities
($1.4B)
($221.4M)
($2.3B)
($980.5M)
Borrowings under credit facility and commercial paper program
$35.0B
$16.9B
$36.8B
$15.9B
Payments under credit facility and commercial paper program
($34.8B)
($17.0B)
($36.9B)
($15.4B)
Borrowings of short-term debt
$97.4M
—
—
—
Payments of short-term debt
($88.7M)
—
—
—
Payments of contingent consideration liabilities recorded at acquisition date
($7.2M)
—
($102.6M)
($102.6M)
Payments related to tax withholding for stock-based compensation
($153.0M)
($143.5M)
($97.6M)
($72.6M)
Payments of dividends
($33.7M)
($17.2M)
($45.4M)
($30.3M)
Repurchase of common stock
$0
$0
($134.6M)
($134.6M)
Other, net
($4.1M)
($33.6M)
($26.3M)
($31.0M)
Net cash (used in) provided by financing activities
($65.0M)
($248.5M)
$1.0B
$186.7M
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash
$5.8M
$5.1M
$19.5M
$21.6M
Net increase (decrease) in cash, cash equivalents and restricted cash
$69.2M
($73.0M)
($132.3M)
($233.3M)
Cash, cash equivalents and restricted cash, beginning of period
$442.8M
$442.8M
$746.0M
$746.0M
Cash, cash equivalents and restricted cash, end of period