Quanta Services Reports Record Q4 & FY25 Results, Strong 2026 Guidance, and Completes $1.73B in Strategic Acquisitions

summarizeSummary

Quanta Services announced record Q4 and full-year 2025 financial results, provided robust double-digit growth guidance for 2026, and completed three strategic acquisitions valued at $1.73 billion.

check_boxKey Events

• Record Q4 and Full-Year 2025 Financials

  Quanta Services reported record consolidated revenues of $7.84 billion for Q4 2025 and $28.48 billion for full-year 2025. Adjusted diluted EPS reached $3.16 for Q4 and $10.75 for the full year, alongside record adjusted EBITDA and cash flow from operations.

• Robust Full-Year 2026 Guidance

  The company issued strong guidance for full-year 2026, expecting revenues between $33.25 billion and $33.75 billion, and adjusted diluted EPS between $12.65 and $13.35, reflecting over 20% growth. Adjusted EBITDA is projected to be between $3.34 billion and $3.50 billion.

• Strategic Acquisitions Completed

  During Q4 2025, Quanta acquired Tri-City Group, Wilson Construction Company, and Billings Flying Service for an aggregate upfront consideration of approximately $1.73 billion ($1.54 billion cash, $187 million stock), expanding its electrical infrastructure and utility helicopter services.

• Record Backlog Achieved

  Year-end remaining performance obligations (RPO) reached $23.76 billion, and total backlog hit a record $43.98 billion, with the Electric Infrastructure Solutions segment achieving all-time highs in both metrics, indicating strong future revenue visibility.

auto_awesomeAnalysis

Quanta Services delivered exceptional fourth-quarter and full-year 2025 results, achieving record revenues, adjusted EBITDA, and total backlog. The company's full-year 2026 guidance projects double-digit growth across key financial metrics, including over 20% EPS growth, signaling strong confidence in future performance. This positive outlook is further bolstered by the completion of three strategic acquisitions totaling approximately $1.73 billion in upfront consideration, which significantly expand Quanta's electrical infrastructure and utility service capabilities. These developments reinforce the company's market leadership and growth trajectory, particularly as it trades near its 52-week high, suggesting continued investor confidence in its strategic execution and market position.