PWR
Quanta Services, Inc.

Quanta Services, Inc.PWR

Industrials · Engineering & Construction
540.90USD
+6.25%
Nov 08, 2026
PWR overview ready
Specialized Engineering and Construction for Electric Grid Infrastructure
Quanta is a direct infrastructure provider: it supplies specialized engineering, construction, and maintenance capacity needed to build and connect high-voltage transmission, substations, distribution systems, renewable generation, and mission-critical load infrastructure.
Primary theme is lagging
Power / Grid is lagging (-16.9pp vs SPY over 21 sessions; 8 of 32 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Solid fundamentals
Ev / sales is strong.
Primary risk
Exposure to fluctuations in utility and energy capital spending.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 12

Conviction Level

PriceAction3.4BusinessPerformance9.0BusinessQuality7.8Valuation7.5ThemeMomentum1.0Accelerating — Revenue growth has accelerated across 4 consecutive quarters, rising from +20% to +57% year over year. Diluted EPS growth has strengthened to +103% year over year ($4.55), up from +2.5%. — Accelerating describes growth momentum measured in recent filed quarters. It is not proof that the acceleration will continue.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Power / GridLagging
vs SPY
−16.9pp
Theme return
−21.9%
Beating SPY
8 of 32
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$81.5B
Avg Volume (60D)
1.2M
60 sessions
Revenue Growth YoY
+20.3%
FY2025 vs FY2024
Gross Margin
+15.8%
Trailing twelve months
Operating Margin
+6.8%
Trailing twelve months
Free Cash Flow Yield
+3.9%
Distance from 200DMA
-14.0%
P/E
48.4x
EV / Sales
2.3x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Accelerating

Revenue growth has accelerated across 4 consecutive quarters, rising from +20% to +57% year over year. Diluted EPS growth has strengthened to +103% year over year ($4.55), up from +2.5%.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+57%
$12.0B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +20%
  2. +26%
  3. +41%
  4. +57%
Earnings growthAccelerating
+103%
Diluted EPS $4.55 vs $2.24 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +2.5%
  2. +51%
  3. +95%
  4. +103%
Operating marginExpanding
8.5%
+1.8 pp YoY · gross margin 16.7% (+0.8 pp)

Business Quality

7.8 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads cheap.
Quanta Services, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

Company Research

Thesis
Quanta is a direct infrastructure provider: it supplies specialized engineering, construction, and maintenance capacity needed to build and connect high-voltage transmission, substations, distribution systems, renewable generation, and mission-critical load infrastructure.
Opportunity
Moderate opportunity
Utility, generation, and large-load capital programs requiring specialized engineering, construction, upgrade, and maintenance capacity for transmission lines, substations, distribution networks, and grid interconnections.
Key risk
Exposure to fluctuations in utility and energy capital spending.

Economic classification

Loading the economic classification…

Business & Markets

Industrials · Engineering & Construction
What they do

Quanta Services provides specialized engineering, procurement, construction, upgrade, repair, and maintenance services for electric power transmission and distribution infrastructure, substations, and related energy infrastructure projects.

How it earns

Project-based revenue from contracts to design, build, and maintain utility and energy infrastructure.

Products & services
Electric power transmission and distribution infrastructure construction
Substation design, installation, and maintenance
Smart grid technology installation and upgrades
Customers & end markets
Electric and gas utilities
Power generation companies
Pipeline and energy infrastructure operators
Market position

Leader in specialized engineering and construction services for electric and energy infrastructure.

Demand drivers
Medium cyclicality

Demand depends on capital spending cycles in utility and energy sectors.