PWR
QUANTA SERVICES, INC.
Materials • CIK: 0001050915
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Market Cap
$61.50B
P/E (TTM)
60.4x
Rev Growth (TTM)
+18.7%
Net Margin (TTM)
3.7%
FCF Yield (TTM)
2.0%
FCF Margin (TTM)
4.6%
Cash Flow Health
Free Cash Flow8/8 positive
TTM$1.3B
Q3 '25
$421M+171%
Q2 '25
$155M+41%
FCF Margin
TTM4.6%
Q3 '255.5%+141%
Sector: 4.7%Below Avg
OCF Margin6.7%
OCF/NI1.78x
CapEx Coverage3.2x
FCF Yield2.0%
FCF Growth (2Y)+60%
Cash Conversion Cycle
77 days
DSO: 72+DIO: 4−DPO: 0
Capital Allocation & Returns
Accumulating Cash
Total Shareholder YieldTTM
TTM0.3%
Div Yield0.1%
+Buyback (TTM)0.2%
Limited capital returns
Dividend & Payout Metrics
Dividend Yield (TTM)0.1%
FCF Payout Ratio4.7%
Free Cash Flow (TTM)$1.3B
Stock Repurchases (TTM)$134.6M
Capital Return / FCF15.5%
Est. Dividends Paid (TTM)$59.4M
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
9.7%
Stable
+0.1% YoY+2.2%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
4.3%
8Q: 4.1%
Asset Turnover
1.39x
8Q: 1.41x
Leverage (1+D/E)
1.67x
D/E: 0.67x
DuPont: 10.0% ≈ 9.7% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
147.61x
8Q:135.14x
+7604.2%
Invested Cap Turn
2.70x
8Q:2.75x
-2.3%
CapEx Intensity
5.6%
8Q:5.5%
CapEx/Depreciation
1.41x
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $27.2B | $7.6B↑12.7% | $6.8B↑8.7% | $6.2B↓4.9% | $6.6B↑0.9% | $6.5B↑16.1% | $5.6B↑11.2% | $5.0B↓13.0% | $5.8B |
Operating Income | $1.6B | $517.2M↑39.7% | $370.3M↑54.9% | $239.1M↓47.2% | $452.7M↑5.0% | $431.2M↑40.3% | $307.2M↑97.8% | $155.4M↓51.8% | $322.5M |
Net Income | $1.0B | $339.4M↑48.1% | $229.3M↑58.9% | $144.3M↓52.7% | $305.1M↑4.1% | $293.2M↑55.8% | $188.2M↑59.0% | $118.4M↓43.9% | $210.9M |
Operating Cash Flow | $1.8B | $563.5M↑90.6% | $295.7M↑21.6% | $243.2M↓65.8% | $712.0M↓3.8% | $739.9M↑89.1% | $391.3M↑64.4% | $238.0M↓76.3% | $1.0B |
Free Cash Flow | $1.3B | $421.0M↑171.0% | $155.4M↑40.7% | $110.4M↓80.5% | $565.0M↑7.1% | $527.4M↑129.5% | $229.9M↑48.5% | $154.8M↓82.7% | $894.1M |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
60.4x
Volatile
8Q: 190.1x+399%
Valuation Lenses
Earnings
60.4x
vs – sector
Cash Flow
41.8x
EV/FCF vs –
Growth-Adj
2.4xPEG
Expensive for growth
Quality-Adj
6.3P/E per %ROIC
ROIC: 9.7%
Shareholder Returns
Dividend
0.1%
Buyback
0.2%
Total Yield
0.3%
Market Cap$61.50B
EV–
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
79/100
High Quality
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Above Avg
13.4%
8Q:–
Return on Invested Capital (ROIC)Top 25%
9.7%
8Q:–
+2.2%
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 4.3%
Asset Turnover: 1.39x
Earnings Quality
Cash Conversion
1.78x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin15.2%
Capital Efficiency
Invested Capital Turnover2.70x
Working Capital
Cash Conversion Cycle77 days
Growth Quality & Momentum
Quality Growth
Growth Quality Score
79/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
18.7%
OpInc Growth YoY
20.0%
EPS Growth YoY
24.8%
FCF 3Y CAGR
59.8%
Growth Quality Analysis
✓Efficient Growth: Free cash flow growing faster than revenue
✓Sustainability Index: 7.5/10 - Highly sustainable growth
Margin Quality & Sustainability
Moderate
Profitability Cascade
Gross
15.2%
Operating
5.8%
Below Avg in sector
Net
3.7%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+0.9 pts
FCF: 4.6% | Net: 3.7%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Adequate
Net Debt / EBITDA
–Net Debt: $5.02B
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
0.67x
Balance sheet risk & solvency analysis