← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Quanta Services grew revenue 20.3% to $28.48B on utility and data center demand plus acquisitions, with backlog up 27.3% to $43.98 billion
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 20.3% to $28.48B; part of it acquiredOK
- Profitability — Operating margin 5.66%, down 3 bps; net income up 13.7% to $1.03BNote
- Balance sheet — Total debt up 44.0% to $5.99B; equity up 22.1%Watch
- Accounting quality — Safe distress zone; no manipulation flag; earnings quality safeOK
- Capital allocation — Acquisitions first; buybacks $0.13B, dividends $0.06BNote
- Demand signal — Backlog $43.98 billion, up 27.3%OK
Business
Quanta Services designs, engineers, builds, upgrades and repairs infrastructure for electric and gas utilities, power generation, large load centers such as data centers, manufacturing, communications and pipelines, mainly in the United States, Canada and Australia. It is labor-intensive: about 69,500 employees, 36% of them under collective bargaining agreements. The Electric segment brought in $23.00B of FY2025 revenue of $28.48B.
Where the revenue comes from
Fiscal 2025, as QUANTA SERVICES, INC. reports it. History and quarterly detail are in the app.
- Electric$23.0B
- Underground and Infrastructure$5.5B
Leadership changes
From QUANTA SERVICES, INC.'s own filings, the day they're filed.
- Derrick Jensen · President · departureeff. 2025-06-01
- J. Redgie Probst · Chief Operating Officer · departureeff. 2024-12-31
- J. Valent · director · departure
Latest filings
- 8-K · Company announcement2026-09-15
- 8-K · Company announcement2026-08-06
- 8-K · Company announcement2026-08-04
- 8-K · Company announcement2026-07-30
- 10-Q · Quarterly report2026-07-30
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about QUANTA SERVICES, INC., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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