Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.65B | $9.47B | $11.2B | $12.1B | $11.2B | $13.0B | $17.1B | $20.9B | $23.7B | $28.5B |
| Revenue growth | — | 23.7% | 18.0% | 8.4% | -7.5% | 15.9% | 31.5% | 22.3% | 13.4% | 20.3% |
| Gross profit | $1.01B | $1.24B | $1.48B | $1.60B | $1.66B | $1.95B | $2.53B | $2.94B | $3.51B | $4.28B |
| Gross margin | 13.3% | 13.1% | 13.2% | 13.2% | 14.8% | 15.0% | 14.8% | 14.1% | 14.8% | 15.0% |
| Operating income | $321M | $379M | $540M | $555M | $611M | $664M | $872M | $1.13B | $1.35B | $1.61B |
| Operating margin | 4.2% | 4.0% | 4.8% | 4.6% | 5.5% | 5.1% | 5.1% | 5.4% | 5.7% | 5.7% |
| Net income | $200M | $315M | $293M | $402M | $446M | $486M | $491M | $745M | $905M | $1.03B |
| Net margin | 2.6% | 3.3% | 2.6% | 3.3% | 4.0% | 3.7% | 2.9% | 3.6% | 3.8% | 3.6% |
| EPS (diluted) | $1.26 | $2.00 | $1.90 | $2.73 | $3.07 | $3.34 | $3.32 | $5.00 | $6.03 | $6.80 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $391M | $372M | $359M | $527M | $1.12B | $582M | $1.13B | $1.58B | $2.08B | $2.23B |
| Capital expenditures | $213M | $245M | $294M | $262M | $260M | $386M | $428M | $435M | $604M | $609M |
| Free cash flow | $178M | $127M | $65.2M | $265M | $856M | $197M | $703M | $1.14B | $1.48B | $1.62B |
| Share buybacks | $0.00 | $50.0M | $443M | $20.1M | $247M | $66.7M | $128M | $350K | $0.00 | $135M |
| Dividends paid | — | $0.00 | $0.00 | $23.2M | $28.9M | $34.0M | $41.1M | $47.8M | $54.2M | $60.4M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $112M | $138M | $78.7M | $165M | $185M | $229M | $429M | $1.29B | $742M | $440M |
| Total assets | $5.35B | $6.48B | $7.08B | $8.33B | $8.40B | $12.9B | $13.5B | $16.2B | $18.7B | $24.9B |
| Total liabilities | $2.01B | $2.68B | $3.47B | $4.28B | $4.05B | $7.74B | $8.07B | $9.95B | $11.4B | $15.9B |
| Long-term debt | $354M | $671M | $1.04B | — | — | — | — | — | — | — |
| Shareholders' equity | $3.34B | $3.79B | $3.60B | $4.05B | $4.34B | $5.11B | $5.38B | $6.27B | $7.32B | $8.94B |
| Retained earnings | $1.88B | $2.19B | $2.48B | $2.85B | $3.26B | $3.71B | $4.16B | $4.86B | $5.71B | $6.67B |
| Shares (wtd avg diluted) | 157M | 157M | 154M | 148M | 145M | 145M | 148M | 149M | 150M | 151M |
Every figure is extracted from QUANTA SERVICES, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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