QUANTA SERVICES, INC.
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 30, 2025
PWR$540.90+6.3%Stored close · as of Nov 6, 2026
Contents
PART I. FINANCIAL INFORMATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share information)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $610,387 | $741,960 |
| Accounts receivable, net | 6,356,064 | 5,170,935 |
| Contract assets | 1,563,919 | 1,208,619 |
| Inventories | 333,710 | 260,181 |
| Prepaid expenses and other current assets | 605,187 | 469,338 |
| Total current assets | 9,469,267 | 7,851,033 |
| Property and equipment, net | 2,979,567 | 2,700,277 |
| Operating lease right-of-use assets | 365,358 | 299,895 |
| Other assets, net | 903,536 | 655,709 |
| Other intangible assets, net | 2,324,580 | 1,860,537 |
| Goodwill | 6,701,458 | 5,316,443 |
| Total assets | $22,743,766 | $18,683,894 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt | $97,351 | $62,680 |
| Current portion of operating lease liabilities | 107,503 | 94,162 |
| Accounts payable and accrued expenses | 4,394,186 | 3,722,343 |
| Contract liabilities | 2,445,429 | 2,149,328 |
| Total current liabilities | 7,044,469 | 6,028,513 |
| Long-term debt, net of current maturities | 5,532,252 | 4,099,756 |
| Operating lease liabilities, net of current portion | 280,974 | 222,359 |
| Deferred income taxes | 451,829 | 353,268 |
| Insurance and other non-current liabilities | 1,030,456 | 650,281 |
| Total liabilities | 14,339,980 | 11,354,177 |
| Commitments and Contingencies | ||
| Equity: | ||
| Common stock, $0.00001 par value, 600,000,000 shares authorized, 179,037,458 and 176,718,480 shares issued, and 149,113,220 and 147,678,512 shares outstanding | 2 | 2 |
| Additional paid-in capital | 4,039,404 | 3,444,108 |
| Retained earnings | 6,375,282 | 5,707,286 |
| Accumulated other comprehensive loss | (325,908) | (372,708) |
| Treasury stock, 29,924,238 and 29,039,968 common shares | (1,693,002) | (1,460,957) |
| Total stockholders’ equity | 8,395,778 | 7,317,731 |
| Non-controlling interests | 8,008 | 11,986 |
| Total equity | 8,403,786 | 7,329,717 |
| Total liabilities and equity | $22,743,766 | $18,683,894 |
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