Direct Answer
Quanta Services reported revenue of $28.5 billion for the fiscal year ended December 31, 2025, with an operating margin of 5.7% and net income of $1.0 billion, according to its SEC filings. Revenue grew 20.3% from the prior year.
What Are Quanta Services's Key Financial Figures?
| Fiscal year | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 | FY2022 ended December 31, 2022 |
|---|---|---|---|---|
| Revenue | $28.5 billion | $23.7 billion | $20.9 billion | $17.1 billion |
| Operating income | $1.6 billion | $1.3 billion | $1.1 billion | $872 million |
| Operating margin | 5.7% | 5.7% | 5.4% | 5.1% |
| Net income | $1.0 billion | $927 million | $751 million | $512 million |
| Net margin | 3.7% | 3.9% | 3.6% | 3.0% |
| Operating cash flow | $2.2 billion | $2.1 billion | $1.6 billion | $1.1 billion |
| Capital expenditures | $609 million | $604 million | $435 million | $428 million |
| Free cash flow | $1.6 billion | $1.5 billion | $1.1 billion | $703 million |
Operating margin held roughly steady between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $1.6 billion against net income of $1.0 billion; cash generation covered reported earnings.
What Does Quanta Services's Balance Sheet Show?
| Cash and cash equivalents | $440 million |
|---|---|
| Long-term debt | $5.2 billion |
| Total assets | $24.9 billion |
| Total liabilities | $15.9 billion |
| Shareholders' equity | $8.9 billion |
| Current ratio | 1.1x |
Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.
Where These Numbers Come From
Every figure on this page is a value Quanta Services reported in its own SEC filings, read from the SEC's XBRL data (accession 0001050915-26-000006 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
What was Quanta Services's revenue in fiscal 2025?
Quanta Services reported revenue of $28.5 billion for the fiscal year ended December 31, 2025, according to its SEC filings.
What is Quanta Services's operating margin?
Quanta Services's operating margin was 5.7% in fiscal 2025: operating income of $1.6 billion on revenue of $28.5 billion.
How much free cash flow did Quanta Services generate?
Operating cash flow of $2.2 billion less capital expenditures of $609 million gives free cash flow of $1.6 billion for fiscal 2025.