PWR Quanta Services

FY2025 10-K
Filed: Feb 19, 2026
Industrials
Electrical WorkSEC EDGAR

Quanta Services (PWR) filed its fiscal year 2025 10-K annual report with the SEC on Feb 19, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business model: labor-intensive infrastructure services focused on electric, underground, and other infrastructure projects
  • Increased emphasis on managing elevated insurance costs and risks due to climate-driven natural disasters and wildfire liabilities
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Management Discussion & Analysis

  • Revenue and operating income increased YoY in 2025 vs 2024 in both Electric and Underground segments (no specific $ revenue disclosed)
  • Net cash from operations $2.23B, up 7.1% YoY; $3.30B cash used for acquisitions and investments
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Risk Factors

  • Regulatory risk from potential delays under environmental restrictions or regulatory processes affecting larger transmission and pipeline projects
  • Macroeconomic threat from fluctuations in customer capital spending and access to capital impacting demand for services across regions
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Financial Summary
XBRL

Revenue

$28.5B

Net Income

$1.0B

Gross Margin

15.0%

Operating Margin

5.7%

Net Margin

3.6%

ROE

11.5%

Total Assets

$24.9B

EPS (Diluted)

$6.80

Operating Cash Flow

$2.2B

Source: XBRL data from Quanta Services FY2025 10-K filing on SEC EDGAR. All figures in USD.

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