QUANTA SERVICES, INC.
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 19, 2026
PWR$591.48+9.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(In thousands, except share and per share information)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $439,508 | $741,960 |
| Accounts receivable, net | 6,847,091 | 5,170,935 |
| Contract assets | 1,522,186 | 1,208,619 |
| Inventories | 370,372 | 260,181 |
| Prepaid expenses and other current assets | 724,260 | 469,338 |
| Total current assets | 9,903,417 | 7,851,033 |
| Property and equipment, net | 3,455,204 | 2,700,277 |
| Operating lease right-of-use assets | 400,814 | 299,895 |
| Other assets, net | 944,050 | 655,709 |
| Other intangible assets, net | 2,906,188 | 1,860,537 |
| Goodwill | 7,317,228 | 5,316,443 |
| Total assets | $24,926,901 | $18,683,894 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt | $763,898 | $62,680 |
| Current portion of operating lease liabilities | 114,377 | 94,162 |
| Accounts payable and accrued expenses | 4,579,458 | 3,722,343 |
| Contract liabilities | 3,258,465 | 2,149,328 |
| Total current liabilities | 8,716,198 | 6,028,513 |
| Long-term debt, net of current maturities | 5,231,008 | 4,099,756 |
| Operating lease liabilities, net of current portion | 309,671 | 222,359 |
| Deferred income taxes | 502,626 | 353,268 |
| Insurance and other non-current liabilities | 1,139,524 | 650,281 |
| Total liabilities | 15,899,027 | 11,354,177 |
| Commitments and Contingencies | ||
| Equity: | ||
| Common stock, $0.00001 par value, 600,000,000 shares authorized, 179,534,355 and 176,718,480 shares issued, and 149,577,564 and 147,678,512 shares outstanding | 2 | 2 |
| Additional paid-in capital | 4,278,741 | 3,444,108 |
| Retained earnings | 6,673,990 | 5,707,286 |
| Accumulated other comprehensive loss | (307,211) | (372,708) |
| Treasury stock, 29,956,791 and 29,039,968 common shares | (1,707,273) | (1,460,957) |
| Total stockholders’ equity | 8,938,249 | 7,317,731 |
| Non-controlling interests | 89,625 | 11,986 |
| Total equity | 9,027,874 | 7,329,717 |
| Total liabilities and equity | $24,926,901 | $18,683,894 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.