Quanta Services revenue and financials

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Close · October 6, 2026

In the fiscal year ended December 2025, Quanta Services reported revenue of $28.48B (+20.31% year over year). Net income was $1.03B, a net margin of 3.6%.

Annual revenue · 2025: $28.48B
  1. $7.65B2016
  2. $9.47B2017
  3. $11.17B2018
  4. $12.11B2019
  5. $11.2B2020
  6. $12.98B2021
  7. $17.07B2022
  8. $20.88B2023
  9. $23.67B2024
  10. $28.48B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+20.31%
2025 vs 2024
Net income growth
+13.66%
2025 vs 2024
Net margin
3.6%
2024: 3.8%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Operating cash flow1,0953921,1285632962437127403912381,004407
Depreciation and amortization274266254237212208213200163166160153
Capital expenditure-231-220-297-142-140-133-147-212-161-83.1-109-140
Investing cash flow-1,137-221-1,545-1,305-460-521-167-1,538-203-387-267-155
Financing cash flow184-24824484513452.4-5331,034-203-603237-305
Dividends paid-16.5-17.2-15.0-15.1-14.9-15.5-13.4-13.8-13.3-13.7-11.7-11.6
Share repurchases-9.4-144-14.7-25.0-17.0-190-14.9-62.8-2.1-75.7-6.7-2.6
Debt issued18,11016,94716,19522,41810,4215,4887,9786,2304,1512,7643,8394,454
Debt repaid-17,923-17,001-15,889-21,538-10,135-5,217-8,518-5,075-4,354-3,268-3,634-4,743
Effect of exchange rates0.75.13.3-2.119.32.3-34.511.33.0-10.011.5-4.8
Net change in cash142-73.0-171101-10.5-223-22.8247-11.6-762985-58.4
Free cash flow864172831421155110565527230155894267
Levered free cash flow838188612294-80.6-29.5500534368118824214