Quanta Services PWR
Quanta Services scores average on business quality (5.7 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Quanta Services does
Quanta Services builds and maintains electrical power, pipeline, and communications infrastructure, getting paid by utilities and energy companies scaling grid connections. The business is capturing heavy demand to modernize aging power grids and connect renewable energy projects.
- What it does best
Quanta leads its sector in top-quartile revenue growth of 20% by deploying specialized labor at massive scale across complex utility projects. This field capability creates sticky client relationships that smaller contractors cannot easily match.
- The main risk
A debt-to-equity ratio of 0.57 and total debt of $4.2 billion expose the balance sheet to rising borrowing costs as the company funds large-scale infrastructure operations.
Quality, check by check
Scored against its own industry, from company filings.
Operating margins sit at 6.0% and gross margins are 15.5%, ranking in the bottom quartile of its sector, showing that heavy project execution costs weigh on profitability.
Operating in the bottom quartile for gross margins at 15.5%, the company relies on scale rather than proprietary pricing power to lock in utility clients.
Revenue surged to $32.9 billion, posting a 20% growth rate that sits in the 93rd percentile of its sector and accelerates past historical periods.
Total debt sits at $4.2 billion against $742 million in cash, while interest coverage of 6.7x keeps debt servicing manageable as free cash flow scales to $2.3 billion.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on PWR
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Quanta Services scores average on the Cluenex quality check (5.7 of 10), measured against its own industry. Profitability is weak, moat fair, growth fast and financial health fair.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 29, 2026, before the open.
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Cite this page: Cluenex, “Quanta Services (PWR)”, https://cluenex.com/stocks/pwr/, data as of Oct 10, 2026.