Reading the tape
NYSE: PWR
Quanta Services, Inc.
Industrials · Engineering & Construction
Market Cap
$111.79B
52w High
$788.75
52w Low
$320.56
P/E
100.02
Volume
1.07M
Outstanding Shares
150.06M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inHigh confidence
1Y Price: 128.35%Revenue (TTM): 20.58%FCF (TTM): 17.4%P/FCF: 94th pct
What changed
The stock rose 128.35% over the last year. Revenue grew 20.58% over the trailing twelve months. Operating margin moved from 5.73% to 5.76%. Free cash flow grew 17.4% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (94th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 5.76% — continued expansion would be needed to justify the premium. Revenue growth of 20.58% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Quanta Services, Inc. provides specialty contracting services worldwide.
CEOEarl C. Austin Jr.
SectorIndustrials
IndustryEngineering & Construction
Employees58,400
IPO dateFeb 12, 1998
Valuation
Forward P/E—
EV/EBITDA25.74
Enterprise value$64.77B
Stock splits
Apr 10, 2000↑ Forward
Every 2 shares became 3
Profitability & growth
Revenue growth26.33%
Gross margin13.59%▼1.39%vs FY2024
Operating margin5.76%▲2.21%vs FY2024
ROE11.51%▼6.95%vs FY2024
Analyst consensus
RatingBuy
Target price$665.29▼10.70%
26
Buy
9
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 30, 2026
Q3 FY26 · EPS est $3.26 · Revenue est $8.55B
View
Dividends
$0.42/shareQuarterlySafePWR pays a dividend with a 0.06% dividend yield, growing at 13.75% annually, covered 26.8× by free cash flow.
Dividend Yield
0.06%
Annual Div / Share
$0.42
5yr CAGR
+13.75%
Doubles every ~5.4yr
Payout Ratio
5.57%
Safe
Dividend Growth Rate
3yr CAGR
+3.57%
5yr CAGR
+13.75%
Dividend Safety
10/10Safe
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$0.40+48.1%
2024$0.27-18.2%
2023$0.33-8.3%
2022$0.36+100.0%
2021$0.18-14.3%
2020$0.21+23.5%
2019$0.17+325.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$1/yr
$0/mo
In 5 yrs
$1/yr+76%
$0/mo
In 10 yrs
$2/yr+211%
$0/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$1/yr $0/mo | $1/yr+76% $0/mo | $2/yr+211% $0/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 0.06% → 0.18% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 26.8× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 13.75% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.