Quanta Services, Inc.
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+ FollowMarket Cap$93.32B
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Earnings Call Q3 2026
October 29, 2026 - AI Summary
Q3 2026 performance was exceptionally strong and beat expectations (growth + margins + cash):
- Revenue $12.0B, +57% YoY (vs. $7.6B)
- Adjusted EBITDA $1.4B, +69% YoY; margin 12.1% (expanded)
- Adjusted diluted EPS $6.06, +82% YoY (vs. $3.33) ; GAAP EPS $4.55 (more than doubled from $2.24)
- Cash flow: operating cash flow $1.5B and free cash flow $1.2B, both quarterly records
2026 guidance materially increased across the board (investors’ key “what changed”):
- Revenue: now $41.3B–$41.6B (midpoint up ~$1.9B vs prior outlook)
- Adjusted EBITDA: $4.4B–$4.49B (implied midpoint margin ~10.7%)
- Adjusted EPS: $17.90–$18.30
- Free cash flow: now $2.5B–$3.0B (expected annual record; >60% conversion of adj. EBITDA at midpoint)
Balance sheet strengthened (liquidity upgrades to support continued growth/M&A):
- Liquidity $5.2B; cash $2.3B; only $20M revolver drawn; leverage ~1.3x
- Financing actions in 2026: revolver upsized to $2.98B and extended to July 2031, issued $2B senior notes, and prepaid term loan balance in September
- M&A: completed 2 acquisitions post–Q2 release for ~$245M (net of cash acquired), focused on fabrication/engineering/supply chain capabilities and self-perform capacity
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$314.79
45.8% downside
Current Fair Value
45.8% downsideOvervalued by 45.8% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $93.32 Billion |
|---|---|
| Enterprise Value | $103.66 Billion |
| Annual dividend | $0.44 |
| Dividend yield | 0.07% |
| Earnings per Share | $6.87 |
| Beta | 1.27 |
| Outstanding Shares | 150,533,000 |
Return
| Return on Equity | 17.57% |
|---|---|
| Return on Assets | 5.98% |
| Return on Invested Capital | 15.20% |
Valuation & Multiples
| P/E Ratio | 55.52 |
|---|---|
| PEG | 53.02 |
| Price to Sales | 2.35 |
| Price to Book Ratio | 9.07 |
| Enterprise Value to Revenue | 2.78 |
| Enterprise Value to EBIT | 38.99 |
| Enterprise Value to Net Income | 61 |
| Total Debt to Enterprise | 0.1 |
| Debt to Equity | 1.13 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 29, 2026
EPS Estimate
$5.02
Consensus analyst estimateRevenue Estimate
$11.03 B
Consensus analyst estimateNext Earnings Call
Expected Date
February 18, 2027
EPS Estimate
$5.14
Consensus analyst estimateRevenue Estimate
$11.96 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.96, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.9643▼ 53.25% |
|---|---|
| Total Calls | 19,600▼ 98.20% |
| Total Puts | 18,900▼ 98.84% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 5.67%▼ 84.04% |
|---|---|
| Total Invested | $5.47B▼ 94.34% |
| Investors Holding | 752▼ 1264.00% |
About Quanta Services, Inc.
69,500 employees
CEO: Earl Austin
Quanta Services, Inc. operates as a global provider of specialized infrastructure solutions across several key sectors. Its Electric Power Infrastructure Solutions division specializes in the planning, material acquisition, construction,...