| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 19 | 74.5x | 17.8x | Bottom tier | |
Growth | 88 | 26.3% | 7.1% | Top tier | |
Quality | 67 | 11.2% | 4.5% | Top tier | |
Safety | 72 | 1.3x | 2.6x | Top tier | |
Capital Return | 27 | 0.07% | 2.12% | Bottom tier | |
Momentum | 71 | 76.0% | 2.9% | Top tier | |
Sentiment | 68 | 17 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Quanta Services provides integrated services for the development of electrical, mechanical, civil, pipeline, and prefabrication infrastructure, focusing on transmission and distribution networks, generation projects, technology load centers, and renewable energy. Its model relies on self-performing approximately 80% to 85% of the work through more than 85 thousand employees, giving it a role that extends from engineering and right-of-way acquisition to manufacturing and field execution. Technology work represented approximately 15% to 20% of activity as of July 30, 2026, and encompasses a broader scope than data centers alone, while electrical work remains the largest segment according to management.
In the second quarter of fiscal year 2026, Quanta recorded record revenue of $9.6 billion, representing reported year-over-year growth of 41.1%, and gross profit of $1.5 billion, equivalent to a calculated gross margin of approximately 15.6%. Net income was $451.4 million, or approximately 4.7% of revenue, and diluted earnings per share were $2.96, while adjusted earnings per share were $4.24 and adjusted earnings before interest, taxes, depreciation, and amortization were $1.1 billion. Acquisitions completed during the quarter added only approximately $11 million to adjusted earnings before interest, taxes, depreciation, and amortization, supporting management's characterization of growth as broad-based and largely organic.
Backlog reached a record $53 billion in the second quarter of fiscal year 2026, even though management said that most major generation projects, approximately 95% of them, as well as large transmission corridors, were not yet included. Fiscal year 2025 revenue was approximately $28.5 billion, with gross profit of $4.3 billion and net income of $1 billion, while the company raised its fiscal year 2026 revenue guidance to a range of $39.3–$39.7 billion. This growth combines expansion in transmission and distribution, renewable energy, and technology work with expected contributions from Phalcon, Enerfab, Percheron, and PSD.
The analyst consensus is “Buy,” with an average price target of $794.25 and a wide range between $650 and $940. The average is only approximately $5.50 above the 52-week range high of $788.75, while the breadth of the targets reflects meaningful differences in estimates of the impact of backlog, acquisitions, and execution risks; the provided data does not include a price-to-earnings ratio that could serve as an additional valuation anchor.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Quanta's revenue reached approximately $9.6 billion in the second quarter of fiscal year 2026, representing reported year-over-year growth of 41.1%, and net income reached $451.4 million. The company recorded diluted earnings per share of $2.96 and adjusted earnings per share of $4.24, with adjusted earnings before interest, taxes, depreciation, and amortization of $1.1 billion. According to management, performance was broad-based across segments and service lines, and acquisitions completed during the quarter added only approximately $11 million to adjusted earnings before interest, taxes, depreciation, and amortization.
Quanta expects revenue of between $39.3 and $39.7 billion in fiscal year 2026, following performance that exceeded its initial expectations in the first half. Adjusted earnings before interest, taxes, depreciation, and amortization are expected to range between $4.1 and $4.2 billion, and adjusted earnings per share between $16.45 and $16.95. It also targets free cash flow of between $2.0 and $2.5 billion, and these figures include expected contributions from four acquisitions completed during the second quarter of fiscal year 2026 and July 2026.
Automated analysis for informational purposes only — not investment advice.
Quanta recorded a record backlog of $53 billion in the second quarter of fiscal year 2026, providing multiyear visibility into demand. Management said that this figure does not yet include most major generation projects, while several 765, 500, and 345 kilovolt transmission corridors remain in the engineering or initial contracting stages. The company expects more meaningful field execution of these projects to begin in the second half of 2027 and the program backlog to extend beyond 2030.
Technology represented approximately 15%–20% of Quanta's business as of July 30, 2026, after the company built this activity over the preceding two years, but it encompasses chips, manufacturing, and load centers and is not limited to data centers. Management says its capabilities may cover approximately 80%–90% of data center construction excluding chips, including electrical, mechanical, civil, manufacturing, and grid interconnection work. This opportunity is offset by permitting and local restriction risks, and the July 30, 2026 call addressed a moratorium or ban on data centers in New York, with management emphasizing that projects are added to backlog conservatively.
Quanta paid approximately $1.24 billion in initial consideration, net of cash acquired, plus potential contingent consideration of $242 million, to acquire the four companies during the second quarter of fiscal year 2026 and July 2026. It expects the acquisitions to add $1.2–$1.4 billion in revenue and $120–$140 million in adjusted earnings before interest, taxes, depreciation, and amortization to fiscal year 2026. Phalcon expands the company's presence and manufacturing capabilities in the eastern United States, while Percheron adds early-stage right-of-way acquisition services for utility projects and technology customers.
The debt-to-earnings before interest, taxes, depreciation, and amortization ratio was 1.7 at the end of the second quarter of fiscal year 2026, compared with 1.95 at the end of fiscal year 2025. Total available liquidity was approximately $2.8 billion, and the company noted that Moody's upgraded its rating despite capital spending on acquisitions. Quanta also expects free cash flow of between $2.0 and $2.5 billion in fiscal year 2026, but growth in the utility business may impose greater working capital requirements than some MEP, EPC, and renewable energy work.
