Search markets, companies, evidence, and pages
CIK 1050915 · Environmental Engineering & Consulting
Quanta Services, Inc. is a public company in Engineering & Construction, tracked in the environmental engineering, consulting, and infrastructure services sub-sector, with $30B TTM revenue and $2.4B TTM EBITDA.
Market data as of May 10, 2026
Financials: LTM / latest available company filings
Sources: FMP, PWR filings, SEC EDGAR
$111,795
Market cap ($MM)
$112,548
Enterprise value ($MM)
$29,993
Revenue · LTM ($MM)
$2,405
EBITDA · LTM ($MM)
8%
EBITDA margin
3.8x
EV / revenue
NM
EV / EBITDA
2.0x
Net debt / EBITDA
Coverage
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
Balance sheet & capacity
Indicative capacity read: 2.0x net debt / EBITDA with EBITDA of $2.4B.
$365
Cash & equiv. ($MM)
$5,202
Total debt ($MM)
$4,837
Net debt ($MM)
2.0x
Net debt / EBITDA
Valuation
PWR versus the scaled public Environmental Engineering & Consulting comparables.
EV / EBITDA distribution · peer set
Indexed share-price performance
PWR versus available Environmental Engineering & Consulting peers and SPY.
+678%
PWR
+12%
Peer med.
+79%
SPY
Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| Quanta Services, Inc. | PWR | $29,993 | $2,405 | 8% | $111,795 | $112,548 | 3.8x | NM | 2.0x |
| Tetra Tech, Inc. | TTEK | $4,914 | $673 | 14% | $7,861 | $8,747 | 1.8x | 13.0x | 1.0x |
| Aecom | ACM | $15,956 | $1,267 | 8% | $10,419 | $13,009 | 0.8x | 10.3x | 1.4x |
| Jacobs Solutions Inc. | J | $13,172 | $894 | 7% | $13,984 | $17,170 | 1.3x | 19.2x | 3.0x |
| KBR, Inc. | KBR | $7,691 | $927 | 12% | $4,126 | $6,557 | 0.9x | 7.1x | 2.4x |
| EMCOR Group, Inc. | EME | $17,751 | $2,033 | 11% | $41,043 | $40,643 | 2.3x | 20.0x | -0.3x |
| Granite Construction Inc. | GVA | $4,637 | $482 | 10% | $6,207 | $7,305 | 1.6x | 15.2x | 2.0x |
| BrightView Holdings, Inc. | BV | $2,729 | $328 | 12% | $1,209 | $2,101 | 0.8x | 6.4x | 2.5x |
| Environmental Engineering & Consulting median | $10,431 | $910 | 11% | $9,140 | $10,878 | 1.4x | 13.0x | 2.0x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
PWR's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
105
Active years
19
Named deals
10
Avg / active year
5.5
Acq. cash outflow ($MM)
N/A
Banker read
Annual acquisitions + disclosed spend
PWR count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
21 / 17
Last three years is up 24% vs prior three.
Peak count year
FY15
11 disclosed acquisitions in the peak visible year.
Recent spend
$5.4B
is up 85% vs prior three; peak FY25 at $3.1B.
Named evidence
10 rows
9.5% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| Oct 13, 2021 | Blattner | Environmental engineering, consulting, and infrastructure services | $2,775 | On October 13, 2021, Quanta completed the acquisition of Blattner, a large and leading utility-scale renewable energy infrastructure solutions provider that is located in and pr... | 10-K† |
| Oct 13, 2021 | Blattner | Environmental engineering, consulting, and infrastructure services | $2,775 | On October 13, 2021, Quanta completed the acquisition of Blattner, a large and leading utility-scale renewable energy infrastructure solutions provider that is located in and pr... | 10-K† |
| Jul 17, 2024 | Cupertino Electric, Inc. | Environmental engineering, consulting, and infrastructure services | $2,040 | On July 17, 2024, Quanta completed the acquisition of Cupertino Electric, Inc. (CEI), which provides electrical infrastructure solutions, including engineering, procurement, pro... | 10-K† |
| Jul 17, 2024 | Cupertino Electric, Inc. | Environmental engineering, consulting, and infrastructure services | $2,035 | On July 17, 2024, Quanta completed the acquisition of Cupertino Electric, Inc. (CEI), which provides electrical infrastructure solutions, including engineering, procurement, pro... | 10-K† |
| Jul 25, 2025 | Dynamic Systems (DSI), LLC | Environmental engineering, consulting, and infrastructure services | $1,486 | On July 25, 2025, Quanta completed the acquisition of Dynamic Systems (DSI), LLC (Dynamic Systems), which provides turnkey mechanical, plumbing and process infrastructure soluti... | 10-K† |
| Dec 31, 2013 | Six 2013 Acquisitions | Environmental engineering, consulting, and infrastructure services | $430 | During 2013, Quanta acquired six businesses, which enabled Quanta to further enhance its electric power infrastructure and oil and gas infrastructure service offerings in the Un... | 10-K† |
| Oct 1, 2009 | Price Gregory | Environmental engineering, consulting, and infrastructure services | $328 | On October 1, 2009, Quanta acquired Price Gregory in exchange for the issuance of approximately 10.9 million shares of Quanta common stock valued at approximately $231.8 million... | 10-K† |
| Dec 31, 2018 | 2018 Acquisitions | Environmental engineering, consulting, and infrastructure services | $146 | During the year ended December 31, 2018, Quanta acquired an electrical infrastructure services business specializing in substation construction and relay services, a postseconda... | 10-K† |
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 16 SEC-backed facts across 8 cited filings.
Evidence
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
22
Named deal filings
8
Recent SEC filings
10
Evidence clips
6
| Fiscal year | Filing date | Form | Status | Count | Cash spend | Purchase consideration | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | Feb 19, 2026 | Annual M&A 10-K | quarantined (1 issue) | 8 | $3.1B | $4.1B | SEC filing |
| FY2024 | Feb 20, 2025 | Annual M&A 10-K | accepted | 8 | $1.7B | $2.7B | SEC filing |
| FY2023 | Feb 22, 2024 | Annual M&A 10-K | accepted | 5 | $652MM | $948MM | SEC filing |
| FY2021 | Feb 25, 2022 | Annual M&A 10-K | accepted | 9 | $2.5B | $3.2B | SEC filing |
| FY2020 | Mar 1, 2021 | Annual M&A 10-K | accepted | 7 | $293MM | $411MM | SEC filing |
| FY2019 | Feb 28, 2020 | Annual M&A 10-K | quarantined (1 issue) | 6 | $388MM | $401MM | SEC filing |
| FY2018 | Feb 28, 2019 | Annual M&A 10-K | accepted | 4 | $94.9MM | $146MM | SEC filing |
| FY2017 | Feb 28, 2018 | Annual M&A 10-K | accepted | 3 | $361MM | $534MM | SEC filing |
| FY2016 | Mar 1, 2017 | Annual M&A 10-K | warning (1 warn) | 5 | $68.8MM | $75.9MM | SEC filing |
| FY2015 | Feb 29, 2016 | Annual M&A 10-K | warning (1 warn) | 11 | $113MM | $122MM | SEC filing |
| FY2014 | Mar 2, 2015 | Annual M&A 10-K | warning (1 warn) | 9 | $262MM | $419MM | SEC filing |
| FY2013 | Mar 3, 2014 | Annual M&A 10-K | warning (1 warn) | 6 | $284MM | $430MM | SEC filing |
| FY2012 | Mar 1, 2013 | Annual M&A 10-K | accepted | 4 | $68.7MM | $106MM | SEC filing |
| FY2011 | Feb 29, 2012 | Annual M&A 10-K | warning (1 warn) | 6 | $79.7MM | $95.0MM | SEC filing |
| FY2010 | Mar 1, 2011 | Annual M&A 10-K | accepted | 1 | $130MM | $220MM | SEC filing |
| FY2009 | Mar 1, 2010 | Annual M&A 10-K | accepted | 4 | $121MM | $364MM | SEC filing |
| FY2008 | Mar 2, 2009 | Annual M&A 10-K | quarantined (1 warn, 1 issue) | 4 | N/A | $54.1MM | SEC filing |
| FY2007 | Feb 29, 2008 | Annual M&A 10-K | accepted | 4 | N/A | $1.4B | SEC filing |
| FY2006 | Feb 28, 2007 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2005 | Mar 2, 2006 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2004 | Mar 16, 2005 | Annual M&A 10-K | warning (1 warn) | N/A | $8.0MM | N/A | SEC filing |
| FY2003 | Mar 15, 2004 | Annual M&A 10-K | accepted | 0 | N/A | N/A | SEC filing |
| Filing date | Form | Targets / topics | Support | Source |
|---|---|---|---|---|
| Feb 19, 2026 | 10-K | Cupertino Electric, Inc.; Dynamic Systems (DSI), LLC | FinancialsAnnual M&ANamed deals | SEC filing |
| Feb 20, 2025 | 10-K | Cupertino Electric, Inc. | Annual M&ANamed deals | SEC filing |
| Feb 22, 2024 | 10-K | Blattner | Annual M&ANamed deals | SEC filing |
| Feb 28, 2019 | 10-K | 2018 Acquisitions | Annual M&ANamed deals | SEC filing |
| Mar 2, 2015 | 10-K | Six 2013 Acquisitions | Annual M&ANamed deals | SEC filing |
| Mar 1, 2013 | 10-K | 2011 Acquisitions; 2012 Acquisitions | Annual M&ANamed deals | SEC filing |
| Mar 1, 2011 | 10-K | Price Gregory | Annual M&ANamed deals | SEC filing |
| Feb 23, 2023 | 10-K | Blattner | Named deals | SEC filing |
| Filing date | Form | Items | Description | Support | Source |
|---|---|---|---|---|---|
| Feb 19, 2026 | 10-K | N/A | 10-K | FinancialsAnnual M&ANamed dealsRecent SEC | SEC filing |
| Apr 30, 2026 | 8-K | 2.02,7.01,9.01 | 8-K | Recent SEC | SEC filing |
| Apr 30, 2026 | 10-Q | N/A | 10-Q | Recent SEC | SEC filing |
| Apr 16, 2026 | 8-K | 5.02,9.01 | 8-K | Recent SEC | SEC filing |
| Apr 10, 2026 | DEFA14A | N/A | DEFA14A | Recent SEC | SEC filing |
| Apr 10, 2026 | DEF 14A | N/A | DEF 14A | Recent SEC | SEC filing |
| Apr 1, 2026 | 10-Q | N/A | Quarterly report from SEC company index | Recent SEC | SEC filing |
| Mar 4, 2026 | 8-K | 5.02,9.01 | 8-K | Recent SEC | SEC filing |
| Feb 19, 2026 | 8-K | 2.02,7.01,9.01 | 8-K | Recent SEC | SEC filing |
| Feb 1, 2026 | 10-K | N/A | Annual report from SEC company index | Recent SEC | SEC filing |
Blattner acquisition
10-K - Feb 22, 2024
On October 13, 2021, Quanta completed the acquisition of Blattner, a large and leading utility-scale renewable energy infrastructure solutions provider that is located in and primarily operates in North America. Blattne…
Blattner
10-K - Feb 23, 2023
On October 13, 2021, Quanta completed the acquisition of Blattner, a large and leading utility-scale renewable energy infrastructure solutions provider that is located in and primarily operates in North America. Blattne…
Acquisition of Cupertino Electric, Inc. (CEI)
10-K - Feb 20, 2025
On July 17, 2024, Quanta completed the acquisition of Cupertino Electric, Inc. (CEI), which provides electrical infrastructure solutions, including engineering, procurement, project management, construction and modulari…
Cupertino Electric, Inc.
10-K - Feb 19, 2026
On July 17, 2024, Quanta completed the acquisition of Cupertino Electric, Inc. (CEI), which provides electrical infrastructure solutions, including engineering, procurement, project management, construction and modulari…
Dynamic Systems (DSI), LLC
10-K - Feb 19, 2026
On July 25, 2025, Quanta completed the acquisition of Dynamic Systems (DSI), LLC (Dynamic Systems), which provides turnkey mechanical, plumbing and process infrastructure solutions to a diversified customer base that in…
Six 2013 Acquisitions
10-K - Mar 2, 2015
During 2013, Quanta acquired six businesses, which enabled Quanta to further enhance its electric power infrastructure and oil and gas infrastructure service offerings in the United States, Canada ...
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.