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    QUANTA SERVICES, INC.

    Company overview

    Market capitalization
    $96.88B
    Employees
    69,500
    Latest publication
    2026-09-29
    About QUANTA SERVICES, INC.

    Quanta Services, Inc. offers infrastructure solutions for the electric and gas utility, power generation, load center, manufacturing, communications, pipeline, and energy industries. The company's Electric Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings. This segment offers aviation; emergency aerial firefighting services; emergency restoration; and other engineering and technical services; design and construction solutions to wireline and wireless communications, cable multi-system operators, technology companies, and other customers; engineering, procurement, new construction, and repair and maintenance services for renewable generation facilities; and training for electric workers, as well as training for the gas distribution and communications industries. Its Underground Utility and Infrastructure Solutions segment is involved in the transportation, distribution, storage, development, and processing of natural gas, oil, and other products, as well as owns and operates large load centers. This segment also engages in the design, engineering, procurement, construction, upgrade, and repair and maintenance services for natural gas systems; pipeline protection, integrity testing, rehabilitation, and replacement services; and catalyst replacement, high-pressure and critical-path turnaround, instrumentation and electrical, piping, fabrication, and storage tank services. The company was formerly known as Fabal Construction, Inc. and changed its name to Quanta Services, Inc. in November 1997. The company was incorporated in 1997 and is headquartered in Houston, Texas.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ3 20232023-09-30 · USDQ2 20232023-06-30 · USD
    Total Revenue9,556,997,000USD7,874,787,000USD7,841,948,000USD7,631,408,000USD6,773,007,000USD6,233,334,000USD5,620,822,000USD5,048,610,000USD
    Cost Of Revenue8,011,819,000USD6,767,458,000USD6,624,912,000USD6,414,974,000USD5,765,433,000USD5,399,297,000USD4,844,859,000USD4,394,536,000USD
    Gross Profit1,545,178,000USD1,107,329,000USD1,217,036,000USD1,216,434,000USD1,007,574,000USD834,037,000USD775,963,000USD654,073,999USD
    Selling General Administrative698,490,000USD620,726,000USD593,938,000USD572,950,000USD528,355,000USD493,966,000USD386,538,000USD384,171,000USD
    Total Operating Expenses850,344,000USD768,550,000USD732,107,000USD699,217,000USD637,292,000USD594,956,000USD382,372,000USD382,561,000USD
    Operating Income694,834,000USD338,779,000USD484,929,000USD517,217,000USD370,282,000USD239,081,000USD393,591,000USD271,513,000USD
    Total Other Income Expense Net-77,671,000USD-82,423,000USD-65,340,000USD-54,773,000USD-51,659,000USD-50,232,000USD-42,544,000USD-35,562,000USD
    Interest Income3,307,000USD—4,357,000USD3,722,000USD3,782,000USD3,841,000USD1,993,000USD1,448,000USD
    Interest Expense73,548,000USD73,267,000USD75,748,000USD71,806,000USD59,579,000USD54,312,000USD47,531,000USD48,189,000USD
    Income Before Tax617,163,000USD256,356,000USD419,589,000USD462,444,000USD318,623,000USD188,849,000USD351,047,000USD235,951,000USD
    Income Tax Expense157,584,000USD24,925,000USD103,003,000USD119,605,000USD85,100,000USD39,880,000USD77,522,000USD69,367,000USD
    Net Income459,579,000USD231,431,000USD316,586,000USD342,839,000USD233,523,000USD148,969,000USD272,836,000USD165,899,000USD
    Minority Interest8,198,000USD10,806,000USD1,136,000USD3,419,000USD4,273,000USD4,711,000USD-689,000USD685,000USD
    Net Income Applicable To Common Shares451,381,000USD220,625,000USD315,450,000USD339,420,000USD229,250,000USD144,258,000USD272,836,000USD165,899,000USD
    Unclassified Operating Expenses——————-4,166,000USD—
    Net Interest Income——————-45,538,000USD-46,741,000USD
    Tax Provision——————77,522,000USD69,367,000USD
    Net Income From Continuing Ops——————273,525,000USD166,584,000USD
    Ebit——————398,578,000USD284,140,000USD
    Ebitda——————551,427,000USD434,041,000USD
    Depreciation And Amortization——————152,849,000USD149,901,000USD
    Reconciled Depreciation——————71,361,000USD70,025,000USD
    Non Operating Income Net Other———————4,867,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20182018-12-31 · USDFY 20162016-12-31 · USDFY 20092009-12-31 · USDFY 20082008-12-31 · USDFY 20062006-12-31 · USD
    Total Revenue28,479,697,000USD23,672,795,000USD20,882,206,000USD11,171,423,000USD7,651,319,000USD3,318,126,000USD3,780,213,000USD2,131,038,000USD
    Cost Of Revenue24,204,616,000USD20,162,034,000USD18,234,134,000USD9,735,453,000USD6,669,204,000USD2,763,590,000USD3,181,647,000USD1,797,279,000USD
    Gross Profit4,275,081,000USD3,510,761,000USD2,648,072,000USD1,435,970,000USD982,115,000USD554,536,000USD598,566,000USD312,353,000USD
    Selling General Administrative2,189,209,000USD1,824,754,000USD1,496,391,000USD857,574,000USD653,338,000USD312,414,000USD309,399,000USD183,002,000USD
    Total Operating Expenses2,663,572,000USD2,164,293,000USD1,513,796,000USD849,574,000USD647,038,000USD305,114,000USD309,399,000USD181,478,000USD
    Operating Income1,611,509,000USD1,346,468,000USD1,134,276,000USD586,396,000USD335,077,000USD249,422,000USD289,167,000USD130,875,000USD
    Total Other Income Expense Net-222,004,000USD-134,438,000USD-164,320,000USD-128,730,000USD-27,391,000USD-15,692,000USD-21,897,000USD-67,687,000USD
    Interest Income15,702,000USD32,404,000USD6,836,000USD1,555,000USD2,423,000USD———
    Interest Expense261,445,000USD202,687,000USD186,913,000USD36,945,000USD14,887,000USD11,269,000USD32,002,000USD26,822,000USD
    Income Before Tax1,389,505,000USD1,212,030,000USD969,956,000USD457,666,000USD307,686,000USD233,730,000USD281,767,000USD65,126,000USD
    Income Tax Expense347,588,000USD284,747,000USD219,267,000USD161,659,000USD107,246,000USD70,195,000USD115,026,000USD47,643,000USD
    Net Income1,041,917,000USD927,283,000USD744,689,000USD293,346,000USD198,383,000USD162,162,000USD166,741,000USD17,483,000USD
    Minority Interest13,539,000USD22,459,000USD-6,000,000USD2,661,000USD1,715,000USD1,373,000USD——
    Net Income Applicable To Common Shares1,028,378,000USD904,824,000USD744,689,000USD293,346,000USD198,383,000USD162,162,000USD166,741,000USD17,483,000USD
    Unclassified Operating Expenses——17,405,000USD——-7,300,000USD——
    Net Interest Income——-168,007,000USD-35,390,000USD-12,464,000USD———
    Tax Provision——215,013,000USD161,659,000USD107,246,000USD———
    Net Income From Continuing Ops——750,689,000USD296,007,000USD200,440,000USD163,535,000USD——
    Ebit——1,156,869,000USD494,611,000USD322,573,000USD244,999,000USD299,272,000USD90,010,000USD
    Ebitda——1,770,669,000USD741,124,000USD524,498,000USD370,813,000USD413,226,000USD139,777,000USD
    Depreciation And Amortization——613,800,000USD246,513,000USD201,925,000USD125,814,000USD113,954,000USD49,767,000USD
    Reconciled Depreciation——588,892,000USD246,513,000USD————
    Non Operating Income Net Other———-45,658,000USD1,760,000USD2,877,000USD——
    Research Development————0USD0USD——
    Discontinued Operations————-342,000USD———
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets28,291,820,000USD25,746,618,000USD24,926,901,000USD22,743,766,000USD19,891,264,000USD19,134,546,000USD18,683,894,000USD18,866,300,000USD
    Cash And Equivalents506,431,000USD364,761,000USD439,508,000USD610,387,000USD509,460,000USD520,561,000USD741,960,000USD764,067,000USD
    Long Term Investments433,887,000USD406,534,000USD—417,476,000USD434,771,000USD247,214,000USD——
    Total Current Assets11,859,754,000USD10,652,637,000USD9,903,417,000USD9,469,267,000USD8,177,557,000USD7,829,753,000USD7,851,033,000USD8,046,049,000USD
    Other Current Assets325,146,000USD167,721,000USD235,772,000USD154,918,000USD195,834,000USD497,343,000USD469,338,000USD527,382,000USD
    Other Non Current Assets1,182,033,000USD1,046,511,000USD944,050,000USD903,536,000USD884,492,000USD689,196,000USD655,709,000USD—
    Total Liabilities18,549,877,000USD16,603,701,000USD15,899,027,000USD14,339,980,000USD12,022,490,000USD11,662,174,000USD11,354,177,000USD—
    Total Current Liabilities10,798,457,000USD9,384,029,000USD8,716,198,000USD7,044,469,000USD5,977,256,000USD5,985,606,000USD6,028,513,000USD6,525,338,000USD
    Other Non Current Liabilities1,442,762,000USD1,190,646,000USD1,139,524,000USD1,030,456,000USD758,886,000USD720,135,000USD650,281,000USD—
    Total Stockholder Equity9,637,942,000USD9,044,569,000USD8,938,249,000USD8,395,778,000USD7,857,602,000USD7,456,660,000USD7,317,731,000USD7,070,617,000USD
    Total Equity Including Noncontrolling Interest9,741,943,000USD9,142,917,000USD9,027,874,000USD8,403,786,000USD7,868,774,000USD7,472,372,000USD7,329,717,000USD—
    Short Long Term Debt674,312,000USD——————556,238,000USD
    Long Term Debt5,421,862,000USD5,201,920,000USD5,231,008,000USD5,532,252,000USD4,653,843,000USD4,360,007,000USD4,099,756,000USD4,131,843,000USD
    Deferred Revenue4,241,933,000USD3,840,282,000USD3,258,465,000USD2,445,429,000USD2,139,490,000USD2,151,553,000USD2,149,328,000USD—
    Net Receivables8,532,311,000USD7,597,966,000USD6,847,091,000USD6,356,064,000USD5,386,384,000USD5,289,723,000USD5,170,935,000USD6,478,748,000USD
    Inventory469,865,000USD446,891,000USD370,372,000USD333,710,000USD286,910,000USD263,086,000USD260,181,000USD275,852,000USD
    Property Plant Equipment Net4,165,063,000USD3,917,900,000USD3,856,018,000USD3,344,925,000USD3,230,481,000USD3,096,848,000USD3,000,172,000USD2,952,253,000USD
    Goodwill7,868,886,000USD7,405,347,000USD7,317,228,000USD6,701,458,000USD5,673,791,000USD5,560,211,000USD5,316,443,000USD—
    Intangible Assets3,216,084,000USD2,724,223,000USD2,906,188,000USD2,324,580,000USD1,924,943,000USD1,958,538,000USD1,860,537,000USD1,966,689,000USD
    Accounts Payable3,527,466,000USD2,915,840,000USD2,832,600,000USD2,783,415,000USD2,344,092,000USD2,190,031,000USD2,096,125,000USD2,317,040,000USD
    Short Term Debt683,022,000USD689,694,000USD763,898,000USD97,351,000USD86,782,000USD73,716,000USD62,680,000USD650,923,000USD
    Common Stock2,000USD2,000USD2,000USD2,000USD2,000USD2,000USD2,000USD2,000USD
    Retained Earnings7,312,393,000USD6,877,841,000USD6,673,990,000USD6,375,282,000USD6,050,601,000USD5,836,455,000USD5,707,286,000USD5,417,240,000USD
    Accumulated Other Comprehensive Income-341,150,000USD-319,059,000USD-307,211,000USD-325,908,000USD-298,710,000USD-372,486,000USD-372,708,000USD-305,049,000USD
    Total Liab———————11,777,275,000USD
    Other Current Liab———————1,681,987,000USD
    Capital Stock———————2,000USD
    Good Will———————5,282,170,000USD
    Other Assets———————384,117,000USD
    Cash———————764,067,000USD
    Cash And Short Term Investments———————764,067,000USD
    Current Deferred Revenue———————1,875,388,000USD
    Net Debt———————4,242,981,000USD
    Short Long Term Debt Total———————5,007,048,000USD
    Property Plant Equipment Gross———————4,882,253,000USD
    Common Stock Shares Outstanding———————150,556,000shares
    Non Current Assets Total———————10,820,251,000USD
    Non Current Liabilities Total———————5,251,937,000USD
    Non Current Liabilities Other———————558,787,000USD
    Non Currrent Assets Other———————233,953,000USD
    Net Working Capital———————1,520,711,000USD
    Unclassified Current Liabilities———————-556,238,000USD
    Unclassified Non Current Liabilities———————561,307,000USD
    Unclassified Equity———————1,958,422,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets24,926,901,000USD18,683,894,000USD16,237,225,000USD13,464,337,000USD12,855,189,000USD8,398,272,000USD8,331,682,000USD7,075,787,000USD
    Cash And Equivalents439,508,000USD741,960,000USD———184,620,000USD164,798,000USD78,687,000USD
    Total Current Assets9,903,417,000USD7,851,033,000USD7,676,897,000USD5,536,070,000USD4,732,577,000USD3,588,389,000USD3,830,986,000USD3,326,104,000USD
    Other Current Assets235,772,000USD469,338,000USD387,105,000USD249,569,000USD215,050,000USD183,382,000USD261,290,000USD208,057,000USD
    Other Non Current Assets944,050,000USD655,709,000USD——————
    Total Liabilities15,899,027,000USD11,354,177,000USD——————
    Total Current Liabilities8,716,198,000USD6,028,513,000USD5,213,116,000USD3,406,194,000USD3,164,960,000USD2,138,556,000USD2,263,049,000USD1,806,127,000USD
    Other Non Current Liabilities1,139,524,000USD650,281,000USD——————
    Total Stockholder Equity8,938,249,000USD7,317,731,000USD6,272,241,000USD5,383,464,000USD5,112,301,000USD4,344,181,000USD4,050,292,000USD3,604,159,000USD
    Total Equity Including Noncontrolling Interest9,027,874,000USD7,329,717,000USD——————
    Long Term Debt5,231,008,000USD4,099,756,000USD3,663,504,000USD3,692,432,000USD3,724,474,000USD1,174,294,000USD1,292,195,000USD1,040,532,000USD
    Deferred Revenue3,258,465,000USD2,149,328,000USD——————
    Net Receivables6,847,091,000USD5,170,935,000USD5,823,886,000USD4,754,731,000USD4,203,771,000USD3,169,915,000USD3,349,179,000USD2,931,628,000USD
    Inventory370,372,000USD260,181,000USD175,658,000USD103,265,000USD84,659,000USD50,472,000USD55,719,000USD107,732,000USD
    Property Plant Equipment Net3,856,018,000USD3,000,172,000USD2,586,386,000USD2,260,155,000USD2,160,302,000USD1,817,501,000USD1,671,023,000USD1,276,032,000USD
    Goodwill7,317,228,000USD5,316,443,000USD——————
    Intangible Assets2,906,188,000USD1,860,537,000USD1,362,412,000USD1,458,631,000USD1,801,180,000USD435,655,000USD413,734,000USD280,180,000USD
    Accounts Payable2,832,600,000USD2,096,125,000USD2,027,588,000USD1,302,086,000USD1,251,118,000USD798,023,000USD798,718,000USD786,546,000USD
    Short Term Debt763,898,000USD62,680,000USD613,197,000USD111,547,000USD107,417,000USD99,898,000USD167,344,000USD65,646,000USD
    Common Stock2,000USD2,000USD2,000USD2,000USD2,000USD2,000USD2,000USD2,000USD
    Retained Earnings6,673,990,000USD5,707,286,000USD4,858,066,000USD4,163,212,000USD3,714,843,000USD3,264,967,000USD2,854,271,000USD2,477,291,000USD
    Accumulated Other Comprehensive Income-307,211,000USD-372,708,000USD-282,945,000USD-310,677,000USD-237,689,000USD-232,997,000USD-241,818,000USD-286,048,000USD
    Total Liab——9,953,870,000USD8,065,518,000USD7,738,268,000USD4,049,300,000USD4,277,851,000USD3,470,334,000USD
    Other Current Liab——1,033,654,000USD851,043,000USD1,003,553,000USD648,869,000USD570,575,000USD474,797,000USD
    Capital Stock——2,000USD2,000USD2,000USD2,000USD2,000USD2,000USD
    Good Will——4,045,905,000USD3,586,745,000USD3,528,886,000USD2,121,014,000USD2,022,675,000USD1,899,879,000USD
    Other Assets——387,528,000USD622,736,000USD632,244,000USD693USD393,264,000USD293,592,000USD
    Cash——1,290,248,000USD428,505,000USD229,097,000USD184,620,000USD164,798,000USD78,687,000USD
    Cash And Short Term Investments——1,290,248,000USD428,505,000USD229,097,000USD184,620,000USD164,798,000USD78,687,000USD
    Current Deferred Revenue——1,538,677,000USD1,141,518,000USD802,872,000USD528,864,000USD639,338,000USD466,044,000USD
    Net Debt——3,173,449,000USD3,546,986,000USD3,773,221,000USD1,268,394,000USD1,491,262,000USD1,027,491,000USD
    Short Long Term Debt——535,202,000USD37,495,000USD29,166,000USD14,764,000USD74,869,000USD65,646,000USD
    Short Long Term Debt Total——4,463,697,000USD3,975,491,000USD4,002,318,000USD1,453,014,000USD1,656,060,000USD1,106,178,000USD
    Property Plant Equipment Gross——4,407,796,000USD2,260,155,000USD2,160,302,000USD1,817,501,000USD1,671,023,000USD1,276,032,000USD
    Common Stock Shares Outstanding——148,823,000shares147,992,000shares145,373,000shares145,247,000shares147,534,000shares154,226,000shares
    Non Current Assets Total——8,560,328,000USD7,928,267,000USD8,122,612,000USD4,809,883,000USD4,500,696,000USD3,749,683,000USD
    Non Current Liabilities Total——4,740,754,000USD4,659,324,000USD4,573,308,000USD1,910,744,000USD2,014,802,000USD1,664,207,000USD
    Non Current Liabilities Other——636,250,000USD567,519,000USD487,309,000USD570,043,000USD507,828,000USD404,560,000USD
    Non Currrent Assets Other——565,625,000USD622,736,000USD632,244,000USD435,713,000USD393,264,000USD293,592,000USD
    Net Working Capital——2,463,781,000USD2,129,876,000USD1,567,617,000USD1,449,833,000USD1,567,937,000USD1,519,977,000USD
    Unclassified Non Current Assets——-387,528,000USD-622,736,000USD-632,244,000USD—-393,264,000USD-293,592,000USD
    Unclassified Current Liabilities——-535,202,000USD-37,495,000USD—48,138,000USD—-52,552,000USD
    Unclassified Non Current Liabilities——441,000,000USD-623,868,000USD-507,980,000USD-557,628,000USD-526,086,000USD-623,675,000USD
    Unclassified Equity——1,697,116,000USD2,718,986,000USD2,615,408,000USD2,170,024,000USD2,024,608,000USD1,967,352,000USD
    Deferred Long Term Liab———227,861,000USD191,098,000USD166,407,000USD214,779,000USD219,115,000USD
    Other Liab———795,380,000USD678,407,000USD557,628,000USD526,086,000USD623,675,000USD
    Treasury Stock———-1,188,061,000USD-980,265,000USD-857,817,000USD-586,773,000USD-554,440,000USD
    Net Tangible Assets———338,088,000USD-217,765,000USD1,787,512,000USD1,613,883,000USD1,424,100,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USD
    Depreciation539,770,000USD656,649,000USD419,579,000USD
    Stock Based Compensation126,013,000USD129,121,000USD82,222,000USD
    Change To Inventory-99,875,000USD-70,821,000USD-25,682,000USD
    Change In Working Capital-17,314,000USD-206,491,000USD-190,742,000USD
    Operating Cash Flow1,487,188,000USD1,102,405,000USD538,909,000USD
    Capital Expenditures-451,048,000USD-415,560,000USD-273,111,000USD
    Net Investments-26,634,000USD-132,189,000USD-148,312,000USD
    Other Investing Activities-945,244,000USD-1,789,124,000USD-590,691,000USD
    Unclassified Investing Cash Flow64,114,000USD51,187,000USD31,568,000USD
    Investing Cash Flow-1,358,812,000USD-2,285,686,000USD-980,546,000USD
    Net Debt Issuance8,710,000USD——
    Net Common Stock Issuance-152,953,000USD-232,165,000USD-207,145,000USD
    Common Dividends Paid-33,695,000USD-45,387,000USD-30,318,000USD
    Other Financing Activities-4,075,000USD-26,254,000USD-31,047,000USD
    Unclassified Financing Cash Flow117,062,000USD1,335,215,000USD455,257,000USD
    Financing Cash Flow-64,951,000USD1,031,409,000USD186,747,000USD
    Effect Of Forex Changes On Cash5,816,000USD19,538,000USD21,633,000USD
    Change In Cash69,241,000USD-132,334,000USD-233,257,000USD
    End Cash Flow512,064,000USD613,676,000USD512,753,000USD
    Deferred Income Tax—73,433,000USD-5,742,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Depreciation274,095,000USD265,675,000USD253,689,000USD237,070,000USD211,903,000USD207,676,000USD212,650,000USD200,401,000USD
    Stock Based Compensation63,379,000USD62,634,000USD52,826,000USD46,899,000USD44,071,000USD38,151,000USD39,711,000USD38,234,000USD
    Change To Inventory-23,125,000USD-76,750,000USD-50,922,000USD-45,139,000USD-22,914,000USD-2,768,000USD11,215,000USD-29,451,000USD
    Change In Working Capital-15,211,000USD-2,103,000USD-155,767,000USD-15,749,000USD-174,200,000USD-16,542,000USD136,193,000USD196,641,000USD
    Operating Cash Flow1,095,444,000USD391,744,000USD1,127,565,000USD563,496,000USD295,711,000USD243,198,000USD——
    Capital Expenditures-230,955,000USD-220,093,000USD-193,594,000USD-142,449,000USD-140,349,000USD-132,762,000USD-146,985,000USD-212,498,000USD
    Other Investing Activities-913,459,000USD-31,785,000USD-1,276,630,000USD-1,198,433,000USD-197,340,000USD-393,351,000USD——
    Unclassified Investing Cash Flow33,647,000USD30,467,000USD-75,365,000USD19,619,000USD26,076,000USD5,492,000USD147,027,000USD203,691,000USD
    Investing Cash Flow-1,137,401,000USD-221,411,000USD-1,545,288,000USD-1,305,140,000USD-459,925,000USD-520,621,000USD——
    Net Common Stock Issuance-9,430,000USD-143,523,000USD-14,734,000USD-25,020,000USD-16,993,000USD-190,152,000USD——
    Common Dividends Paid-16,534,000USD-17,161,000USD-15,029,000USD-15,069,000USD-14,854,000USD-15,464,000USD——
    Other Financing Activities29,528,000USD-33,603,000USD-33,206,000USD4,793,000USD-17,615,000USD-13,432,000USD——
    Unclassified Financing Cash Flow171,235,000USD-54,173,000USD318,396,000USD879,958,000USD183,855,000USD271,402,000USD——
    Financing Cash Flow183,509,000USD-248,460,000USD243,575,000USD844,662,000USD134,393,000USD52,354,000USD——
    Effect Of Forex Changes On Cash677,000USD5,139,000USD3,295,000USD-2,095,000USD19,342,000USD2,291,000USD——
    Change In Cash142,229,000USD-72,988,000USD-170,853,000USD100,923,000USD-10,479,000USD-222,778,000USD-22,758,000USD247,021,000USD
    End Cash Flow512,064,000USD369,835,000USD442,823,000USD613,676,000USD512,753,000USD523,232,000USD——
    Deferred Income Tax——-35,830,000USD79,175,000USD-12,629,000USD6,887,000USD——
    Net Investments——301,000USD16,123,000USD-148,312,000USD0USD——
    Net Income——————310,287,000USD299,021,000USD
    Other Non Cash Items——————19,652,000USD2,098,000USD
    Change To Account Receivables——————72,693,000USD-345,185,000USD
    Total Cash From Operating Activities——————712,015,000USD739,914,000USD
    Free Cash Flow——————565,030,000USD527,416,000USD
    Investments——————-167,171,000USD-1,537,888,000USD
    Total Cashflows From Investing Activities——————-167,171,000USD-1,537,888,000USD
    Net Borrowings——————-539,767,000USD1,154,702,000USD
    Total Cash From Financing Activities——————-533,063,000USD1,033,725,000USD
    Dividends Paid——————-13,427,000USD-13,763,000USD
    Sale Purchase Of Stock——————-14,925,000USD-62,828,000USD
    Begin Period Cash Flow——————768,768,000USD521,747,000USD
    End Period Cash Flow——————746,010,000USD768,768,000USD
    Other Cashflows From Investing Activities——————-42,000USD8,807,000USD
    Other Cashflows From Financing Activities——————35,056,000USD-44,386,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Depreciation910,338,000USD742,400,000USD613,800,000USD644,620,000USD420,895,000USD301,960,000USD280,198,000USD246,513,000USD
    Stock Based Compensation181,947,000USD150,526,000USD126,762,000USD105,600,000USD88,259,000USD91,641,000USD52,013,000USD52,484,000USD
    Deferred Income Tax37,603,000USD-8,325,000USD——————
    Change To Inventory-121,743,000USD-39,517,000USD2,818,000USD-19,333,000USD1,418,000USD9,860,000USD52,168,000USD-28,131,000USD
    Change In Working Capital-362,258,000USD839,000USD62,617,000USD-229,715,000USD-457,682,000USD327,369,000USD-156,805,000USD-400,533,000USD
    Operating Cash Flow2,229,970,000USD2,081,196,000USD——————
    Capital Expenditures-609,154,000USD-604,078,000USD-434,803,000USD-428,782,000USD-386,719,000USD-260,574,000USD-262,270,000USD-308,043,000USD
    Net Investments-131,888,000USD-52,632,000USD——————
    Other Investing Activities-3,065,754,000USD-1,776,218,000USD——————
    Unclassified Investing Cash Flow-24,178,000USD138,609,000USD246,886,000USD617,191,000USD———-94,917,000USD
    Investing Cash Flow-3,830,974,000USD-2,294,319,000USD——————
    Net Debt Issuance-11,852,000USD-10,583,000USD——————
    Net Common Stock Issuance-246,899,000USD-155,550,000USD——————
    Common Dividends Paid-60,416,000USD-54,196,000USD——————
    Other Financing Activities-59,460,000USD-3,822,000USD——————
    Unclassified Financing Cash Flow1,653,611,000USD-81,485,000USD—-9,299,690,000USD—11,089,000USD2,309,000USD6,014,000USD
    Financing Cash Flow1,274,984,000USD-305,636,000USD——————
    Effect Of Forex Changes On Cash22,833,000USD-30,272,000USD——————
    Change In Cash-303,187,000USD-549,031,000USD861,827,000USD201,327,000USD45,079,000USD17,063,000USD86,489,000USD-60,519,000USD
    End Cash Flow442,823,000USD746,010,000USD——————
    Net Income——744,689,000USD511,643,000USD491,983,000USD451,959,000USD406,815,000USD296,007,000USD
    Other Non Cash Items——18,268,000USD56,111,000USD12,864,000USD3,064,000USD-47,751,000USD102,344,000USD
    Change To Account Receivables——-918,732,000USD-349,485,000USD-248,452,000USD71,058,000USD-214,580,000USD-475,919,000USD
    Total Cash From Operating Activities——1,575,952,000USD1,130,312,000USD582,390,000USD1,115,977,000USD526,551,000USD358,789,000USD
    Free Cash Flow——1,141,149,000USD701,530,000USD195,671,000USD855,403,000USD264,281,000USD50,746,000USD
    Investments——-863,769,000USD-617,191,000USD-109,912,000USD-893,000USD-466,000USD-32,204,000USD
    Total Cashflows From Investing Activities——-989,650,000USD-617,191,000USD-2,898,613,000USD-499,323,000USD-617,596,000USD-402,670,000USD
    Net Borrowings——408,664,000USD-48,428,000USD2,533,162,000USD-232,891,000USD239,685,000USD445,838,000USD
    Total Cash From Financing Activities——268,500,000USD-311,071,000USD2,360,877,000USD-601,365,000USD177,687,000USD-16,570,000USD
    Dividends Paid——-47,752,000USD-41,058,000USD-34,022,000USD-28,891,000USD-23,236,000USD-4,038,000USD
    Sale Purchase Of Stock——-350,000USD-127,762,000USD-66,687,000USD-247,249,000USD-20,092,000USD-443,152,000USD
    Begin Period Cash Flow——433,214,000USD231,887,000USD186,808,000USD169,745,000USD83,256,000USD143,775,000USD
    End Period Cash Flow——1,295,041,000USD433,214,000USD231,887,000USD186,808,000USD169,745,000USD83,256,000USD
    Other Cashflows From Investing Activities——62,036,000USD-188,409,000USD-2,402,849,000USD-238,378,000USD-355,368,000USD32,494,000USD
    Other Cashflows From Financing Activities——-92,062,000USD9,205,867,000USD-84,144,000USD-103,423,000USD-20,979,000USD-21,232,000USD
    Change To Liabilities———480,332,000USD142,992,000USD31,199,000USD213,649,000USD247,874,000USD
    Cash And Cash Equivalents Changes———202,050,000USD44,654,000USD15,289,000USD86,642,000USD-60,451,000USD
    Unclassified Operating Cash Flow———42,053,000USD26,071,000USD-60,016,000USD-7,919,000USD61,974,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    Backlog — 12 Month

    Period endPeriodValueUnitSource
    2026-06-30instant32,314,188,000USDDisclosure

    Backlog — Total

    Period endPeriodValueUnitSource
    2026-06-30instant53,440,496,000USDDisclosure

    Days Sales Outstanding

    Period endPeriodValueUnitSource
    2026-06-30instant57daysDisclosure

    Estimated MSA and Short-Term Non-Fixed-Price Orders — 12 Month

    Period endPeriodValueUnitSource
    2026-06-30instant8,799,255,000USDDisclosure

    Estimated MSA and Short-Term Non-Fixed-Price Orders — Total

    Period endPeriodValueUnitSource
    2026-06-30instant19,886,341,000USDDisclosure

    Fixed-Price Contract Estimate-Change Impact on Revenue

    Period endPeriodValueUnitSource
    2026-06-30quarterly0.9percentDisclosure

    MSA Share of 12-Month Backlog

    Period endPeriodValueUnitSource
    2026-06-30instant33percentDisclosure

    MSA Share of Total Backlog

    Period endPeriodValueUnitSource
    2026-06-30instant41percentDisclosure

    Outstanding Performance Bonds

    Period endPeriodValueUnitSource
    2026-06-30instant21,500,000,000USDDisclosure

    Remaining Performance Obligations — 12 Month

    Period endPeriodValueUnitSource
    2026-06-30instant23,514,933,000USDDisclosure

    Remaining Performance Obligations — Total

    Period endPeriodValueUnitSource
    2026-06-30instant33,554,155,000USDDisclosure

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30GeographyAustralia206,610,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30GeographyCanada215,750,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30GeographyOther Countries31,174,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30GeographyUnited States9,103,463,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentElectric7,837,805,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentUnderground And Infrastructure1,719,192,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyAustralia201,244,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyCanada276,024,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyOther Countries35,909,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyUnited States7,361,610,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31SegmentElectric6,468,657,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31SegmentUnderground And Infrastructure1,406,130,000USDDisclosure
    Q4 2025Quarterly · 2025-12-31GeographyAustralia208,310,000USDDisclosure
    Q4 2025Quarterly · 2025-12-31GeographyCanada294,456,000USDDisclosure
    Q4 2025Quarterly · 2025-12-31GeographyOther Countries36,242,000USDDisclosure
    Q4 2025Quarterly · 2025-12-31GeographyUnited States7,302,940,000USDDisclosure
    FY 2025Yearly · 2025-12-31GeographyAustralia779,532,000USDDisclosure
    FY 2025Yearly · 2025-12-31GeographyCanada1,018,752,000USDDisclosure
    FY 2025Yearly · 2025-12-31GeographyOther Countries198,450,000USDDisclosure
    FY 2025Yearly · 2025-12-31GeographyUnited States26,482,963,000USDDisclosure
    FY 2025Yearly · 2025-12-31SegmentElectric Power23,001,468,000USDDisclosure
    FY 2025Yearly · 2025-12-31SegmentUnderground And Infrastructure5,478,229,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30GeographyAustralia202,031,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30GeographyCanada275,644,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30GeographyOther Countries40,773,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30GeographyUnited States7,112,960,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30SegmentElectric6,172,019,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30SegmentUnderground And Infrastructure1,459,389,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30GeographyAustralia198,104,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30GeographyCanada238,406,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30GeographyOther Countries57,487,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30GeographyUnited States6,279,010,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30SegmentElectric5,458,074,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30SegmentUnderground And Infrastructure1,314,933,000USDDisclosure
    Q1 2025Quarterly · 2025-03-31GeographyAustralia171,087,000USDDisclosure
    Q1 2025Quarterly · 2025-03-31GeographyCanada210,246,000USDDisclosure
    Q1 2025Quarterly · 2025-03-31GeographyOther Countries63,948,000USDDisclosure
    Q1 2025Quarterly · 2025-03-31GeographyUnited States5,788,053,000USDDisclosure
    Q1 2025Quarterly · 2025-03-31SegmentElectric4,944,391,000USDDisclosure
    Q1 2025Quarterly · 2025-03-31SegmentUnderground And Infrastructure1,288,943,000USDDisclosure
    Q4 2024Quarterly · 2024-12-31GeographyAustralia163,775,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31GeographyCanada246,496,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31GeographyOther Countries110,120,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31GeographyUnited States6,033,031,000USDLegacy provider
    FY 2024Yearly · 2024-12-31GeographyAustralia666,870,000USDDisclosure
    FY 2024Yearly · 2024-12-31GeographyCanada1,025,074,000USDDisclosure
    FY 2024Yearly · 2024-12-31GeographyOther Countries374,044,000USDDisclosure
    FY 2024Yearly · 2024-12-31GeographyUnited States21,606,807,000USDDisclosure
    FY 2024Yearly · 2024-12-31SegmentElectric Power19,012,379,000USDDisclosure
    FY 2024Yearly · 2024-12-31SegmentUnderground And Infrastructure4,660,416,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30SegmentElectric Power2,982,032,000USD0001050915-24-000159
    Q3 2024Quarterly · 2024-09-30SegmentRenewable Energy2,251,855,000USD0001050915-24-000159
    Q3 2024Quarterly · 2024-09-30SegmentUnderground Infrastructure1,259,280,000USD0001050915-24-000159
    Q2 2024Quarterly · 2024-06-30SegmentElectric Power2,452,488,000USD0001050915-24-000140
    Q2 2024Quarterly · 2024-06-30SegmentRenewable Energy2,034,392,000USD0001050915-24-000140
    Q2 2024Quarterly · 2024-06-30SegmentUnderground Infrastructure1,107,507,000USD0001050915-24-000140
    Q1 2024Quarterly · 2024-03-31SegmentElectric Power2,326,960,000USD0001050915-24-000082
    Q1 2024Quarterly · 2024-03-31SegmentRenewable Energy1,584,164,000USD0001050915-24-000082
    Q1 2024Quarterly · 2024-03-31SegmentUnderground Infrastructure1,120,695,000USD0001050915-24-000082
    Q4 2023Quarterly · 2023-12-31GeographyAustralia152,596,000USDLegacy provider
    Q4 2023Quarterly · 2023-12-31GeographyCanada405,845,000USDLegacy provider
    Q4 2023Quarterly · 2023-12-31GeographyOther Countries80,707,000USDLegacy provider
    Q4 2023Quarterly · 2023-12-31GeographyUnited States5,144,800,000USDLegacy provider
    FY 2023Yearly · 2023-12-31GeographyAustralia612,497,000USDDisclosure
    FY 2023Yearly · 2023-12-31GeographyCanada2,045,999,000USDDisclosure
    FY 2023Yearly · 2023-12-31GeographyOther Countries312,818,000USDDisclosure
    FY 2023Yearly · 2023-12-31GeographyUnited States17,910,892,000USDDisclosure
    FY 2023Yearly · 2023-12-31SegmentElectric Power15,867,198,000USDDisclosure
    FY 2023Yearly · 2023-12-31SegmentUnderground And Infrastructure5,015,008,000USDDisclosure
    FY 2022Yearly · 2022-12-31GeographyAustralia428,321,000USDDisclosure
    FY 2022Yearly · 2022-12-31GeographyCanada2,020,853,000USDDisclosure
    FY 2022Yearly · 2022-12-31GeographyOther Countries234,492,000USDDisclosure
    FY 2022Yearly · 2022-12-31GeographyUnited States14,390,237,000USDDisclosure
    FY 2022Yearly · 2022-12-31SegmentElectric Power8,940,276,000USDDisclosure
    FY 2022Yearly · 2022-12-31SegmentRenewable Energy3,778,560,000USDDisclosure
    FY 2022Yearly · 2022-12-31SegmentUnderground And Infrastructure4,355,067,000USDDisclosure
    FY 2021Yearly · 2021-12-31GeographyAustralia221,038,000USD0001050915-24-000009
    FY 2021Yearly · 2021-12-31GeographyCanada1,557,117,000USD0001050915-24-000009
    FY 2021Yearly · 2021-12-31GeographyOther Countries133,565,000USD0001050915-24-000009
    FY 2021Yearly · 2021-12-31GeographyUnited States11,068,493,000USD0001050915-24-000009
    FY 2021Yearly · 2021-12-31SegmentElectric Power7,624,240,000USD0001050915-24-000009
    FY 2021Yearly · 2021-12-31SegmentRenewable Energy1,825,259,000USD0001050915-24-000009
    FY 2021Yearly · 2021-12-31SegmentUnderground And Infrastructure3,530,714,000USD0001050915-24-000009
    FY 2020Yearly · 2020-12-31SegmentElectric Power Infrastructure Services6,468,192,000USD0001050915-23-000010
    FY 2020Yearly · 2020-12-31SegmentRenewable Energy Infrastructure Solutions1,305,151,000USD0001050915-23-000010
    FY 2020Yearly · 2020-12-31SegmentUnderground Utility And Infrastructure Solutions3,429,329,000USD0001050915-23-000010
    FY 2019Yearly · 2019-12-31SegmentElectric Power Infrastructure Services6,346,837,000USD0001050915-22-000008
    FY 2019Yearly · 2019-12-31SegmentRenewable Energy Infrastructure Solutions775,000,000USD0001050915-22-000008
    FY 2019Yearly · 2019-12-31SegmentUnderground Utility And Infrastructure Solutions4,990,316,000USD0001050915-22-000008
    FY 2018Yearly · 2018-12-31SegmentElectric Power Infrastructure Services6,415,562,000USD0001050915-21-000009
    FY 2018Yearly · 2018-12-31SegmentUnderground Utility And Infrastructure Solutions Division4,755,861,000USD0001050915-21-000009

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.