The Quantamental Hybrid Investment Desk — Mason Lee & Auto Desk

PWR Quanta Services In-Depth Analysis

Architect of the Power Infrastructure Supercycle — Structural Growth Proven by $44B Backlog
PWR (NYSE)
$566.00
▲ +118% (52W)
Market Cap
$84.7B
149.6M Shares
FY2025 Revenue
$28.5B
▲ +20.3% YoY
Total Backlog
$44.0B
Record
Adj. EPS (FY2025)
$10.75
+19.8% YoY · Source: PWR Q4 Earnings Release (2026.02.19)
FY2026 Adj. EPS Guidance
$12.65-$13.35
Expected to grow more than +20% · Source: PWR (2026.02.19)
Remaining Performance Obligation (RPO)
$23.8B
Record · Source: PWR 10-K (2026.02.19)

Executive Summary — CIO Overall Judgment

Quanta Services (NYSE: PWR) is North America's largest specialty construction company for power infrastructure, located at the intersection of three major structural demands: US power grid modernization, renewable energy expansion, and data center power surge. The overwhelming performance of FY2025 revenue $28.5B (+20% YoY), adjusted EBITDA $2.88B (all-time high), and total backlog $44.0B (all-time