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PWRQuanta Services

Industrials · Electrical Contractors · NYSE
Employees
69,500
Headquarters
Houston, TX
CEO
Earl C. Austin Jr.
Next results
around Feb 18, 2027
Compare with peers → Embed
RevenueFY2016–25 $28.5B+20.3% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $1.0B+13.7% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $1.6B+9.7% Highest in 10 years 10-K FY2025 · XBRL Operating marginFY2016–25 5.7%−0.0 pts 4.2% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 19, 2026 against Feb 20, 2025
AreaWhat changedSource
Risk factors2 new paragraphs, nothing like them in the previous 10-K10-K Item 1A
Receivables growing faster than revenueReceivables +32.4% vs revenue +20.3% (+12.1 pts)10-K · XBRL
Inventory growing faster than revenueInventory +42.4% vs revenue +20.3% (+22.0 pts)10-K · XBRL
Critical audit matters changedNew this year: Acquisition of Dynamic Systems - Valuation of Customer Relationships (“As described in Note 6 to the consolidated financial statements, on July 25, 2025, the Company completed the acquisition of Dynamic Systems. The acquisition resulted in $ 532.4 million of identifiable intangible assets being recorded, of which $ 355.0 million related to customer relationships. The f”). No longer listed: Acquisition of Cupertino Electric, Inc. - Valuation of Customer Relationships and Trade Name Intangible Assets10-K · XBRL
Accounting checks8 other checks clear, 3 worth a look10-K · XBRL
InsidersNo open-market buys in the last 90 daysForm 4
Filings2 in the last 30 daysEDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 19, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-20. Quoted as filed.

  1. risk management program and processes, including policies, controls and procedures, designed to apply to our operating companies will be fully implemented, complied with or effective in protecting all information systems and operations.
    10-K, Item 1A
All 2 new paragraphs →

Accounting checks

latest 10-K

8 of 11 clear 3 worth a look. Checks, not verdicts.

  • !
    Receivables growing faster than revenueReceivables +32.4% vs revenue +20.3% (+12.1 pts)
  • !
    Inventory growing faster than revenueInventory +42.4% vs revenue +20.3% (+22.0 pts)
  • !
    Critical audit matters changedNew this year: Acquisition of Dynamic Systems - Valuation of Customer Relationships (“As described in Note 6 to the consolidated financial statements, on July 25, 2025, the Company completed the acquisition of Dynamic Systems. The acquisition resulted in $ 532.4 million of identifiable intangible assets being recorded, of which $ 355.0 million related to customer relationships. The f”). No longer listed: Acquisition of Cupertino Electric, Inc. - Valuation of Customer Relationships and Trade Name Intangible Assets
  • ✓
    Cash from operations $2.2B vs net income $1.0B (FY ending 2025-12-31)
  • ✓
    Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • ✓
    No statement of substantial doubt about going concern
  • ✓
    No 8-K item 4.02 in the last 2 years
  • ✓
    No NT 10-K or NT 10-Q in the last 2 years
  • ✓
    No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • ✓
    No 8-K item 2.06 in the last 2 years
  • ✓
    No 8-K item 1.03 in the last 2 years
How each check works, with sources →

In the last 30 days

All filings →

Work on PWR in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/PWR/export.csv") into a cell.