Quanta Services balance sheet

At the end of fiscal 2025, Quanta Services had total assets of $24.93bn, total liabilities of $15.90bn and shareholders' equity of $8.94bn. It held $440m in cash against $5.99bn of debt: net debt of $5.56bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Quanta Services: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	0.1	0.1	0.1	0.2	0.2	0.2	0.4	1.3	0.7	0.4	2.3
Receivables	1.5	2.0	2.4	2.7	2.7	3.4	3.7	4.4	5.2	6.8	10.1
Inventory	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.3	0.4	0.5
Total current assets	2.3	2.9	3.3	3.8	3.6	4.7	5.5	7.7	7.9	9.9	15.7
Goodwill	1.6	1.9	1.9	2.0	2.1	3.5	3.6	4.0	5.3	7.3	8.1
Total assets	5.4	6.5	7.1	8.3	8.4	12.9	13.5	16.2	18.7	24.9	32.7
Deferred revenue (current)	0.0	0.4	0.4	0.6	0.5	0.8	1.1	1.5	2.1	3.3	5.5
Total current liabilities	1.2	1.5	1.8	2.3	2.1	3.2	3.4	5.2	6.0	8.7	13.5
Short-term debt	0.0	0.0	0.1	0.1	0.0	0.0	0.0	0.5	0.1	0.8	0.6
Long-term debt	0.4	0.7	1.0	1.3	1.2	3.7	3.7	3.7	4.1	5.2	6.4
Total debt	0.4	0.7	1.1	1.4	1.2	3.8	3.7	4.2	4.2	6.0	7.0
Total liabilities	2.0	2.7	3.5	4.3	4.0	7.7	8.1	10.0	11.4	15.9	22.1
Shareholders' equity	3.3	3.8	3.6	4.1	4.3	5.1	5.4	6.3	7.3	8.9	10.5
Net debt (negative = net cash)	0.2	0.5	1.0	1.2	1.0	3.5	3.3	2.9	3.4	5.6	4.7
Shares outstanding	145m	153m	—	—	138m	143m	143m	146m	148m	150m	151m

US$ billions unless shown otherwise. Fiscal quarters.

Quanta Services: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	5.2	5.3	5.4	6.4	6.8	7.6	8.5	10.1
Inventory	0.3	0.3	0.3	0.3	0.4	0.4	0.5	0.5
Total current assets	7.9	7.8	8.2	9.5	9.9	10.7	11.9	15.7
Goodwill	5.3	5.6	5.7	6.7	7.3	7.4	7.9	8.1
Total assets	18.7	19.1	19.9	22.7	24.9	25.7	28.3	32.7
Deferred revenue (current)	2.1	2.2	2.1	2.4	3.3	3.8	4.2	5.5
Total current liabilities	6.0	6.0	6.0	7.0	8.7	9.4	10.8	13.5
Short-term debt	0.1	0.1	0.1	0.1	0.8	0.7	0.7	0.6
Long-term debt	4.1	4.4	4.7	5.5	5.2	5.2	5.4	6.4
Total debt	4.2	4.4	4.7	5.6	6.0	5.9	6.1	7.0
Total liabilities	11.4	11.7	12.0	14.3	15.9	16.6	18.5	22.1
Shareholders' equity	7.3	7.5	7.9	8.4	8.9	9.0	9.6	10.5
Shares outstanding	148m	148m	148m	149m	150m	150m	150m	151m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Quanta Services's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Quanta Services.