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

Quanta Services (NYSE:PWR) released its earnings results on Thursday. The construction company reported $3.16 EPS 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 company had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter last year, the company earned $2.94 earnings per share. Quanta Services’s quarterly 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

NYSE:PWR traded up $3.36 during trading hours on Friday, reaching $557.36. 277,704 shares of the stock were exchanged, compared to its average volume of 1,082,699. The stock has a market capitalization of $83.11 billion, a P/E ratio of 82.57, a P/E/G ratio of 2.52 and a beta of 1.15. The firm has a 50 day simple moving average of $462.27 and a 200-day simple moving average of $432.61. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.66. Quanta Services has a 52 week low of $227.08 and a 52 week high of $565.93.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Truist Financial reaffirmed a “buy” rating and issued a $643.00 price objective (up previously from $548.00) on shares of Quanta Services in a research report on Friday. Citigroup reiterated a “buy” rating on shares of Quanta Services in a report on Friday. Jefferies Financial Group lowered their target price on Quanta Services from $517.00 to $506.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Sanford C. Bernstein boosted their price target on Quanta Services from $428.00 to $471.00 and gave the stock a “market perform” rating in a research note on Monday, February 9th. Finally, Roth Mkm restated a “buy” rating and set a $600.00 price objective on shares of Quanta Services in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $501.75.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Select Equity Group L.P. raised its holdings in Quanta Services by 69.3% during the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after buying an additional 416,395 shares during the period. Wellington Management Group LLP lifted its position in shares of Quanta Services by 226.2% in the 4th quarter. Wellington Management Group LLP now owns 338,771 shares of the construction company’s stock valued at $142,982,000 after acquiring an additional 234,928 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Quanta Services by 18.8% in the 4th 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 worth $509,515,000 after purchasing an additional 191,135 shares during the period. State Street Corp grew its position in Quanta Services by 2.1% during the 4th quarter. State Street Corp now owns 6,206,761 shares of the construction company’s stock worth $2,619,626,000 after purchasing an additional 126,014 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Quanta Services by 4.9% during 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 purchasing an additional 99,782 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Trending Headlines about Quanta Services

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

• Positive Sentiment: Q4 results beat expectations: Revenue of $7.84B and adjusted EPS of $3.16 topped estimates, showing ~20% revenue growth year-over-year and solid margins — the core trigger for the rally. QUANTA SERVICES REPORTS FOURTH QUARTER AND FULL-YEAR 2025 RESULTS
• Positive Sentiment: High FY2026 guidance: Management raised full-year guidance to adjusted EPS $12.65–$13.35 and revenue roughly $33.25–$33.75B, both above consensus, implying double‑digit profit growth and giving investors clearer forward visibility. Quanta Q4 Earnings & Revenues Beat Estimates on Electric Strength
• Positive Sentiment: Record backlog and electric demand: Year-end total backlog (~$44.0B) and RPO metrics reached all‑time highs, driven by Electric Infrastructure Solutions — improving revenue visibility and supporting the higher guidance. Quanta Services jumps as Q4 results and 2026 outlook highlight record backlog and accelerating demand
• Positive Sentiment: Tuck‑in acquisitions expand capabilities: Management highlighted recent acquisitions (Tri‑City, Wilson, Billings) that bolster electrical infrastructure and utility program capacity — a strategic tailwind for the electric grid buildout theme. Quanta Services jumps as Q4 results and 2026 outlook highlight record backlog and accelerating demand
• Neutral Sentiment: Analyst sentiment mostly constructive: Multiple recent buy ratings and price targets cluster above current levels, supporting momentum, but analyst targets vary — investors should watch revisions. QuiverQuant coverage including analyst notes
• Neutral Sentiment: Macro narrative: Coverage highlights Quanta as an AI/data-center and grid-buildout play; positive long‑term demand drivers are priced in, so execution vs. elevated expectations matters. Quanta Services earnings in focus as grid buildout accelerates
• Negative Sentiment: Insider sales and institutional churn: Recent disclosures show multiple insider sales and large institutional position shifts (some big sellers), which could concern momentum traders or signal opportunistic selling. QuiverQuant insider & institutional activity
• Negative Sentiment: Valuation is rich: The shares trade at a high multiple (elevated P/E), so the stock is sensitive to execution risk and any guidance or margin misses. Quanta Services (PWR) Reports Q4 Earnings: What Key Metrics Have to Say

About Quanta Services

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.