PWR vs EME vs APG Stock Comparison

Quanta Services, Emcor and APi Prices as of Oct 23, 2026 Peers: Industry group
PWR Quanta Services, Inc.
$546.35 -13.9% 1M +27.8% 1Y
Market cap
$84.69B
P/E
63.8x
Revenue (TTM)
$32.91B
Div. yield
0.00%
Utility Construction Industrials
5 wins
EME EMCOR Group, Inc.
$647.48 -13.9% 1M -7.0% 1Y
Market cap
$29.51B
P/E
20.5x
Revenue (TTM)
$18.60B
Div. yield
0.00%
Engineering and Construction Industrials
6 wins
APG APi Group Corp
$39.46 +4.3% 1M +14.3% 1Y
Market cap
$17.43B
P/E
–
Revenue (TTM)
$8.44B
Div. yield
–
Facility Services Industrials
1 win

Head to Head

12 decided of 12

Emcor leads on 6 of the 12 questions below (Emcor 6, Quanta Services 5, APi 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPWREMEAPGLeader
Larger companyMarket capitalisation $84.69B $29.51B $17.43B PWR
Cheaper on earningsLower P/E, profitable companies only 63.8x 20.5x -70.3x EME
Cheaper on forward earningsLower price / next fiscal year consensus EPS 34.4x 18.6x 23.3x EME
Faster revenue growthRevenue growth, trailing twelve months +26.3% +18.9% +14.1% PWR
More profitableNet margin, trailing twelve months 4.0% 7.7% -2.9% EME
Better return on capitalReturn on invested capital 10.1% — 6.7% PWR
Less leveragedLower net debt / EBITDA 1.8x — 2.8x PWR
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% EME
Better 1-year returnPrice return, last 12 months +27.8% -7.0% +14.3% PWR
Better 5-year returnAnnualised price return, 5 years +35.9%/yr +39.9%/yr +22.4%/yr EME
Less volatileAnnualised volatility, 1 year 44.7% 46.0% 30.0% APG
Higher overall scoreMean of the five percentile scores vs peers 52/100 64/100 44/100 EME

Percentile Scorecard

PWREMEAPG

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisPWREMEAPG
Valuation 26 #39 of 52 57 #23 of 52 31 #78 of 112
Growth 72 #11 of 37 56 #17 of 37 77 #23 of 96
Profitability 72 #11 of 37 86 #6 of 37 53 #44 of 93
Financial Health 50 #29 of 57 70 #18 of 57 46 #69 of 126
Shareholder Returns 42 #16 of 27 54 #13 of 27 15 #57 of 67
Overall 52 64 44
  • PWR ranked among 57 companies in Construction Services
  • EME ranked among 57 companies in Construction Services
  • APG ranked among 130 companies in Business Services

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodPWREMEAPGSPY
1 month -13.9%-13.9%+4.3% -1.0%
3 months -12.7%-13.0%-0.3% +2.9%
6 months -12.6%-25.6%-18.8% +6.4%
Year to date +29.4%+5.8%+3.1% +11.4%
1 year +27.8%-7.0%+14.3% +13.1%
3 years +226.7%+235.8%+133.9% +79.4%
3 years, per year +48.4%+49.8%+32.8% +21.5%
5 years +362.8%+434.5%+174.2% +67.7%
5 years, per year +35.9%+39.9%+22.4% +10.9%
10 years +1,832.6%+1,053.7%— +255.2%
10 years, per year +34.5%+27.7%— +13.5%

Risk

MeasurePWREMEAPGSPY
Volatility, 1Y 44.7%46.0%30.0% 12.7%
Downside volatility, 1Y 42.7%48.2%30.9% 12.7%
Beta vs S&P 500, 1Y 1.711.941.26 1.00
Return / volatility, 1Y 0.62-0.150.48 1.03
Max drawdown, 5Y -33.9%-36.2%-49.6% -25.4%
From 52-week high -30.4%-31.4%-20.1% -2.5%
52-week high $785.24$943.75$49.40 $779.14
52-week low $413.17$581.58$34.31 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultiplePWREMEAPG
P/E now vs peer median 61.8xmedian 25.6x 20.0xmedian 25.6x -68.9xmedian 21.0x
P/S now vs peer median 2.5xmedian 0.8x 1.5xmedian 0.8x 2.0xmedian 0.9x
EV/EBITDA now vs peer median 28.6xmedian 12.7x 13.0xmedian 12.7x 20.9xmedian 12.3x
P/FCF now vs peer median 35.9xmedian 22.4x 24.5xmedian 22.4x 25.2xmedian 15.1x
P/B now vs peer median 8.4xmedian 2.3x 7.0xmedian 2.3x 4.9xmedian 2.4x
PEG now vs peer median 2.01median 0.57 0.43median 0.57 0.99median 1.02

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsPWREMEAPG
Revenue $32.91B $18.60B $8.44B
Gross profit $5.09B $3.61B $2.65B
Operating income $2.04B $1.93B $605.00M
Net income $1.35B $1.44B $346.00M
Free cash flow $2.29B $1.17B $676.00M
EPS (diluted) $8.70 $32.30 $-0.57
Cash & equivalents $506.43M $924.41M $851.00M
Total debt $6.10B – $3.52B
Shares (diluted) 152.44M 44.55M 437.00M
Enterprise value $82.77B $25.90B $14.47B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricPWREMEAPG
P/E 61.8x 20.0x -68.9x
P/FCF 35.9x 24.5x 25.2x
P/Operating cash flow 25.8x 22.2x 21.8x
P/S 2.5x 1.5x 2.0x
P/B 8.4x 7.0x 4.9x
P/Tangible book 12.6x 9.5x 9.6x
EV/EBITDA 28.6x 13.0x 20.9x
EV/EBIT 43.1x 14.4x 32.6x
EV/Revenue 2.7x 1.5x 2.3x
EV/FCF 38.3x 23.7x 29.2x
EV/Operating cash flow 27.6x 21.5x 25.2x
PEG (3Y EPS CAGR) 2.01 0.43 0.99

Growth

14 metrics
MetricPWREMEAPG
Revenue growth (1Y) 26.3% 18.9% 14.1%
Revenue CAGR (3Y) 21.5% 16.7% 7.3%
Gross profit growth (1Y) 29.8% 18.5% 15.4%
Gross profit CAGR (3Y) 24.2% 26.3% 13.3%
Operating income growth (1Y) 36.3% 29.9% 24.7%
Operating income CAGR (3Y) 28.9% 41.7% 27.8%
Net income growth (1Y) 36.2% 30.2% 39.5%
Net income CAGR (3Y) 31.5% 43.8% 40.8%
EPS growth (1Y) 35.2% 31.5% -272.3%
EPS CAGR (3Y) 30.7% 47.0% -69.5%
Operating cash flow growth (1Y) 59.6% -0.6% 20.7%
Operating cash flow CAGR (3Y) 42.8% 20.8% 24.3%
Free cash flow growth (1Y) 68.4% -3.1% 18.8%
Free cash flow CAGR (3Y) 47.7% 20.3% 28.9%

Profitability

14 metrics
MetricPWREMEAPG
Gross margin 15.5% 19.4% 31.4%
EBITDA margin 9.3% 11.5% 11.2%
Operating margin 6.2% 10.4% 7.2%
Pretax margin 5.3% 10.5% 5.5%
Net margin 4.0% 7.7% -2.9%
FCF margin 7.0% 6.3% 8.0%
Operating cash flow margin 9.7% 6.9% 9.3%
Return on equity 14.3% 36.2% 9.9%
Return on assets 5.0% 14.6% 3.7%
Return on invested capital 10.1% – 6.7%
Return on capital employed 12.6% 41.9% 8.7%
Asset turnover 1.2x 1.9x 0.9x
Cash conversion (OCF / net income) 2.4x 0.9x 2.3x
Stock comp / revenue 0.7% 0.1% 0.5%

Financial Health

11 metrics
MetricPWREMEAPG
Debt / assets 21.6% – 35.4%
Debt / equity 0.6x – 1.0x
Net debt / EBITDA 1.8x – 2.8x
Debt / FCF 2.7x – 5.2x
Liabilities / assets 65.6% 59.8% 64.7%
Equity / assets 34.4% 40.2% 35.3%
Interest coverage 6.9x – 4.3x
Current ratio 1.1x 1.3x 1.4x
Quick ratio 1.0x 1.2x 1.3x
Cash ratio 0.0x 0.2x 0.3x
Altman Z-score 4.46 6.38 2.85

Shareholder Returns

7 metrics
MetricPWREMEAPG
Dividend yield 0.1% 0.2% –
Net buyback yield – 1.5% 0.4%
Shareholder yield 0.1% 1.7% 0.4%
Payout ratio (earnings) 4.7% 4.0% –
Payout ratio (FCF) 2.8% 4.9% –
Dividend growth (1Y) 10.9% 26.6% –
Dividend CAGR (3Y) 12.6% 25.6% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusPWREMEAPG
Forward P/E 34.4xFY2026 18.6xFY2026 23.3xFY2026
EPS, next fiscal year $15.87FY2026 $34.73FY2026 $1.69FY2026
EPS growth, next FY +47.6%FY2026 +34.2%FY2026 +14.2%FY2026
EPS growth, the year after +27.0% +10.7% +16.0%
Revenue, next fiscal year $40.74BFY2026 $19.07BFY2026 $9.25BFY2026
Revenue growth, next FY +43.0%FY2026 +12.2%FY2026 +16.9%FY2026
Revenue growth, the year after +9.5% +13.1% +8.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPWREMEAPG
Held by institutions 88.9% 93.1% 84.5%
Institutions holding 1,919 1,235 581
Change in shares held, QoQ +13.5% -0.1% +5.1%
Institutions buying 972 659 306
Institutions selling 703 419 205
Buyers to sellers 1.38 1.57 1.49

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

PWREMEAPG
PWR 1.00 0.77 0.47
EME 0.77 1.00 0.48
APG 0.47 0.48 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, PWR, EME and APG?

Quanta Services (PWR) is the largest by market capitalisation: Quanta Services (PWR) $84.69B, Emcor (EME) $29.51B, APi (APG) $17.43B.

Which stock is cheaper, PWR, EME and APG?

Emcor (EME) trades on the lowest price-to-earnings ratio (Quanta Services (PWR) 63.8x, Emcor (EME) 20.5x, APi (APG) -70.3x). On next year's consensus earnings, Emcor (EME) is cheapest (Quanta Services (PWR) 34.4x, Emcor (EME) 18.6x, APi (APG) 23.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Quanta Services (PWR) grew revenue fastest over the trailing twelve months: Quanta Services (PWR) +26.3%, Emcor (EME) +18.9%, APi (APG) +14.1%.

Which company is more profitable?

Emcor (EME) has the highest net margin (Quanta Services (PWR) 4.0%, Emcor (EME) 7.7%, APi (APG) -2.9%). On return on invested capital, Quanta Services (PWR) leads (Quanta Services (PWR) 10.1%, APi (APG) 6.7%).

Which stock has performed better?

Over the past year Quanta Services (PWR) returned the most: Quanta Services (PWR) +27.8%, Emcor (EME) -7.0%, APi (APG) +14.3%. Over five years, Emcor (EME) compounded fastest (Quanta Services (PWR) +35.9%/yr, Emcor (EME) +39.9%/yr, APi (APG) +22.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Emcor (EME) has the highest dividend yield: Quanta Services (PWR) 0.00%, Emcor (EME) 0.00%, APi (APG) 0.00%. APi (APG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, APi (APG) has been the steadiest (Quanta Services (PWR) 44.7%, Emcor (EME) 46.0%, APi (APG) 30.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PWR, EME and APG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Emcor (EME) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.