PWRQuanta Services
- Employees
- 69,500
- Headquarters
- Houston, TX
- CEO
- Earl C. Austin Jr.
- Next results
- around Feb 18, 2027
The biggest changes in the 10-K filed 2026-02-19, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Revenue
+20.3% Big change FY to 2025-12-31 vs 2024-12-31“Revenues increased due to a $3.99 billion increase in revenues from our Electric segment and an $817.8 million increase in revenues from our Underground and Infrastructure segment.”
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“The increase in revenues for the year ended December 31, 2025 was primarily due to increased demand for our services, as well as approximately $1.87 billion in revenues attributable to acquired businesses.”
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Net income
+13.7% Big change FY to 2025-12-31 vs 2024-12-31“The higher effective tax rate for the year ended December 31, 2025 was primarily due to a $24.8 million lower U.S.”
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Cash from operations
+7.1% FY to 2025-12-31 vs 2024-12-31The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Gross margin
14.8% → 15.0% (+0.2 pts) FY to 2025-12-31 vs 2024-12-31The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Operating margin
5.7% → 5.7% (-0.0 pts) FY to 2025-12-31 vs 2024-12-31“Operating income was positively impacted by a $401.6 million increase in operating income for our Electric segment and a $133.2 million increase in operating income for our Underground and Infrastructure segment, partially offset by a $269.8 million increase in corporate and non-allocated costs, which includes amortization expense.”
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“The increase in operating income for the year ended December 31, 2025 was primarily due to the increase in revenues.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
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.