Quanta Services
Builds and maintains electric grids, power generation, pipelines, and infrastructure for large-load facilities.
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Profile
Designs, builds and maintains electric grids, power generation and storage, communications networks, pipelines, and critical systems for data centers and other large-load facilities. Most work is U.S.-based and earned through construction, maintenance and master service contracts tied largely to utility and power capital programs.
Designs, builds, upgrades and maintains electric transmission and distribution networks, substations, power generation and storage, communications systems, and electrical infrastructure for data centers and other large-load facilities. Electric Infrastructure Solutions also provides renewable-generation EPC, emergency restoration and selected power-equipment manufacturing.
Underground Utility and Infrastructure Solutions covers gas-utility systems, pipeline integrity and construction, industrial turnaround and fabrication work, civil projects, and mechanical, plumbing and process systems for large-load centers. Self-perform, craft-skilled crews integrate electrical, mechanical and fabrication disciplines across a decentralized, labor-intensive operation, primarily in the United States with smaller businesses in Canada, Australia and other markets.
Revenue comes from master service, maintenance, unit-price, cost-plus and fixed-price construction and engineering contracts. Demand depends on utility and power customers' capital programs; project timing is exposed to permitting and regulatory delays, while fixed-price work makes cost and execution estimates consequential.
Company facts
Key statistics
Year to date +37.0% · Average volume (30d) 1.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 13, 2026 | Jefferies | Reiterate | Buy | $784 | $833 | |
| Aug 7, 2026 | KeyBanc | Upgrade | Sector Weight | Overweight | $129 | $807 |
| Aug 5, 2026 | Argus Research | Target | $540 | $800 | ||
| Aug 3, 2026 | Mizuho Securities | Target | $645 | $741 | ||
| Aug 3, 2026 | Morgan Stanley | Downgrade | Underweight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $3.31 | $4.24 | +28.1% | $8.61B | $9.56B | +11.0% | +17.26% |
| Apr 30, 2026Q1 FY26 | $2.04 | $2.68 | +31.4% | $7.00B | $7.87B | +12.5% | +1.98% |
| Feb 19, 2026Q4 FY25 | $3.02 | $3.16 | +4.6% | $7.36B | $7.84B | +6.5% | −0.24% |
| Oct 30, 2025Q3 FY25 | $3.25 | $3.33 | +2.5% | $7.41B | $7.51B | +1.3% | −1.04% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $6.23B | $6.77B | $7.51B | $7.84B | $7.87B | $9.56B | |
| Gross profit | $724.5M | $894.4M | $1.09B | $985.0M | $1.11B | $1.55B | |
| Operating income | $244.3M | $390.6M | $517.2M | $485.0M | $334.2M | $694.8M | |
| Net income | $144.3M | $229.3M | $339.4M | $315.5M | $231.4M | $451.4M | |
| Diluted EPS | $0.96 | $1.52 | $2.24 | $2.08 | $1.45 | $2.96 | |
| Gross margin | 11.6% | 13.2% | 14.5% | 12.6% | 14.1% | 16.2% | |
| Operating margin | 3.9% | 5.8% | 6.9% | 6.2% | 4.2% | 7.3% |
Fiscal years (4-quarter sums)FY21 $12.98B · FY22 $17.07B · FY23 $20.88B · FY24 $23.67B · FY25 $28.35B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $506.4M · Total debt $6.60B · Total assets $28.29B · Shareholders' equity $9.64B
Dividends
Raised for 6 straight years — most recently to $0.11 from $0.10 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 1, 2026 | Jul 1 | Jul 13 | $0.11 | |
| Apr 2, 2026 | Apr 2 | Apr 10 | $0.11 | |
| Jan 2, 2026 | Jan 2 | Jan 12 | $0.11 | raised from $0.10 |
| Oct 1, 2025 | Oct 1 | Oct 10 | $0.10 | |
| Jul 1, 2025 | Jul 1 | Jul 11 | $0.10 | |
| Apr 3, 2025 | Apr 3 | Apr 11 | $0.10 | |
| Jan 2, 2025 | Jan 2 | Jan 13 | $0.10 | raised from $0.09 |
| Oct 1, 2024 | Oct 1 | Oct 11 | $0.09 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 150.34M · Float 148.94M · 99.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 13.06M | 8.69% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 9.80M | 6.52% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 6.93M | 4.61% | 13F | Aug 13, 2026 |
| State Street Corp | 6.58M | 4.38% | 13F | Aug 7, 2026 |
| JPMorgan Chase & Co | 5.31M | 3.53% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 5, 2026 | Earl C. Jr. Austin | director, officer: President and CEO | −155,992 | $770.66 |
| May 4, 2026 | Paul Nobel | officer: Chief Accounting Officer & SVP | −4,000 | $756.98 |
| Nov 6, 2025 | Donald Wayne | officer: EVP and General Counsel | −14,000 | $443.81 |
| Nov 6, 2025 | Gerald A. JR Ducey | officer: Pres. - Strategic Operations | −7,653 | $446.08 |
| Nov 5, 2025 | Worthing Jackman | director | −6,349 | $450.45 |
Peers
- MasTec
Closest pure-play peer across utility, renewables, pipeline, and comms.
- Primoris Services
Multi-segment contractor in electric T&D, gas utility, and renewables EPC.
- MYR Group
Pure-play electrical contractor; direct T&D, substation, and C&I overlap.
- EMCOR Group
ENR #2 specialty contractor; electrical & mechanical construction, data centers.
- Dycom Industries
Telecom contractor; underground utility overlap, data-center electrical entry.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Quanta Services | $603.00 | +0.10% | $90.61B | 69.0 | 33.5 | 2.8 | +41.1% |
| MasTec | $244.44 | +1.48% | $19.35B | 38.4 | 21.8 | 1.2 | +23.4% |
| Primoris Services | $73.53 | +0.53% | $3.97B | 28.8 | 18.5 | 0.5 | −10.7% |
| MYR Group | $295.84 | +0.52% | $4.58B | 28.0 | 22.9 | 1.1 | +20.2% |
| EMCOR Group | $736.60 | −0.41% | $32.65B | 23.1 | 21.2 | 1.8 | +19.8% |
| Dycom Industries | $295.41 | +0.32% | $8.84B | 26.9 | 16.6 | 1.3 | +45.6% |
| Median | 28.0 | 21.2 | 1.2 | +20.2% |