Quanta Services, Inc.

PWRNYSEIndustrials● Active

$690.22

$-4.89(-0.70%)

Market Cap$103.6B

P/E Ratio—

52W High$788.75

52W Low$341.93

Avg Volume1.1M

Open$703.52

Beta1.22

Free Cash Flow Financials Revenue

Quanta Services, Inc. (PWR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PWR · free cash flow · updated Jun 8, 2026

Core FCF metrics

PWR · FCF · TTM · margin & CAGR

Free cash flow was $1.62B for FY2025 (fiscal year ending 2025-12-31), up 9.7% year-over-year The FCF margin was 5.7%. Five-year CAGR stands at +13.6%.

FY2025 Free Cash Flow$1.62B▲ +9.7% YoY

Trailing 12M (TTM)$1.68Btrailing 4 quarters sum

FCF Margin5.7%$1.62B ÷ revenue

3-Year CAGR+32.2%FY2022 → FY2025

5-Year CAGR+13.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PWR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.23B(609M)$1.62B▲ +9.7%5.7%

FY2024$2.08B(604M)$1.48B▲ +29.4%6.2%

FY2023$1.58B(435M)$1.14B▲ +62.7%5.5%

FY2022$1.13B(429M)$701.5M▲ +258.5%4.1%

FY2021$582.4M(387M)$195.7M▼ 77.1%1.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PWR · P/FCF · FCF yield · FCF per share

Quanta Services, Inc. (PWR) trades at a FCF yield of 1.62% and a price-to-free-cash-flow ratio of 62.2x. FCF per share stands at $11.09, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.62%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$11.09

TTM FCF ÷ Shares Outstanding

Price / FCF

x62.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x62.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

PWR · cash flow statement · operating / investing / financing

For FY2025, Quanta Services, Inc. generated $2.23B in operating cash flow and spent 609M in capital expenditures, yielding $1.62B in free cash flow.

Operating Activities

+$2.23B

Cash from core business operations

2025-12-31

Investing Activities

−$3.83B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$1.27B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($2.23B) − |CapEx| (609M) = FCF ($1.62B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

PWR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Quanta Services, Inc.YOU

PWR

$1.62B+9.7%5.7%

16%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Quanta Services, Inc. (PWR) reported free cash flow of $1.62B for FY2025 (fiscal year ending 2025-12-31), up 9.7% year-over-year. The FCF margin was 5.7%.

Based on available data, Quanta Services, Inc. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $1.62B in FY2025. The 5-year CAGR stands at +13.6%.

Quanta Services, Inc.'s FCF yield is 1.62% and price-to-FCF ratio is 62.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PWR free cash flow · 8 questions

Quanta Services, Inc. free cash flow was $1.62B for FY2025, up 9.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.68B.

PWR free cash flowPWR FCFPWR FCF 2025PWR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Quanta Services, Inc. · Quanta Services, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026