PWR vs FORTY vs DY Stock Comparison

Quanta Services, Formula Systems (1985) and Dycom Industries Prices as of Oct 29, 2026 Peers: Industry group
PWR Quanta Services, Inc.
$635.18 -2.6% 1M +41.6% 1Y
Market cap
$92.93B
P/E
55.2x
Revenue (TTM)
$37.29B
Div. yield
–
Utility Construction Industrials
5 wins
DY Dycom Industries Inc
$239.71 -10.9% 1M -16.9% 1Y
Market cap
$6.58B
P/E
–
Revenue (TTM)
—
Div. yield
–
Utility Construction Industrials
1 win

Head to Head

8 decided of 12

Quanta Services leads on 5 of the 12 questions below (Quanta Services 5, Formula Systems (1985) 2, Dycom Industries 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPWRFORTYDYLeader
Larger companyMarket capitalisation $92.93B $1.87B $6.58B PWR
Cheaper on earningsLower P/E, profitable companies only 55.2x 3.0x — FORTY
Cheaper on forward earningsLower price / next fiscal year consensus EPS 40.0x — 14.6x DY
Faster revenue growthRevenue growth, trailing twelve months +37.1% +24.8% — PWR
More profitableNet margin, trailing twelve months — 21.6% — –
Better return on capitalReturn on invested capital — 10.1% — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 0.00% 12.44% 0.00% –
Better 1-year returnPrice return, last 12 months +41.6% -14.6% -16.9% PWR
Better 5-year returnAnnualised price return, 5 years +39.3%/yr +2.4%/yr +24.7%/yr PWR
Less volatileAnnualised volatility, 1 year 45.2% 55.3% 52.9% PWR
Higher overall scoreMean of the five percentile scores vs peers 46/100 86/100 — FORTY

Percentile Scorecard

PWRFORTYDY

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

AxisPWRFORTYDY
Valuation 20 #42 of 52 96 #3 of 50 –
Growth 78 #9 of 37 91 #5 of 45 –
Profitability 72 #11 of 37 87 #6 of 40 –
Financial Health 41 #34 of 57 58 #26 of 60 63 #22 of 57
Shareholder Returns 19 #22 of 27 100 #1 of 28 –
Overall 46 86 –
  • PWR ranked among 57 companies in Construction Services
  • FORTY ranked among 65 companies in Technology Services
  • DY ranked among 57 companies in Construction Services

Price Performance

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

Returns

PeriodPWRFORTYDYSPY
1 month -2.6%+6.1%-10.9% +0.7%
3 months -3.5%+15.2%-42.5% +3.7%
6 months -12.7%-7.9%-42.1% +7.1%
Year to date +50.5%-27.0%-29.1% +12.8%
1 year +41.6%-14.6%-16.9% +11.9%
3 years +285.5%+112.1%+190.0% +85.2%
3 years, per year +56.8%+28.5%+42.6% +22.8%
5 years +423.7%+12.5%+201.8% +67.6%
5 years, per year +39.3%+2.4%+24.7% +10.9%
10 years +2,124.0%+216.0%+217.7% +262.0%
10 years, per year +36.4%+12.2%+12.3% +13.7%

Risk

MeasurePWRFORTYDYSPY
Volatility, 1Y 45.2%55.3%52.9% 12.7%
Downside volatility, 1Y 42.8%84.5%50.8% 12.6%
Beta vs S&P 500, 1Y 1.720.631.74 1.00
Return / volatility, 1Y 0.92-0.26-0.32 0.94
Max drawdown, 5Y -33.9%-55.5%-58.0% -25.4%
From 52-week high -19.1%-36.0%-55.2% -1.2%
52-week high $785.24$190.56$535.20 $779.14
52-week low $413.17$102.01$224.52 $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.

MultiplePWRFORTYDY
P/E now vs peer median 56.7xmedian 28.1x 3.0xmedian 17.5x —median 28.1x
P/S now vs peer median 2.6xmedian 0.8x 0.6xmedian 0.7x —median 0.8x
EV/EBITDA now vs peer median —median 12.7x —median 10.4x —median 12.7x
P/FCF now vs peer median 42.8xmedian 25.0x —median 13.3x —median 25.0x
P/B now vs peer median 9.0xmedian 2.5x 1.1xmedian 1.5x 3.9xmedian 2.5x
PEG now vs peer median 1.71median 0.60 0.03median 1.28 —median 0.60

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 monthsPWRFORTYDY
Revenue $37.29B $2.93B –
Gross profit $5.88B $580.29M –
Operating income $2.55B $249.80M –
Net income – $697.91M –
R&D – $21.15M –
EPS (diluted) $11.04 $39.97 –
Cash & equivalents $2.32B $863.79M $709.17M
Total debt – $642.43M $5.82B
Shares (diluted) 152.44M 15.79M 29.33M
Enterprise value $92.93B -$1.03B $5.71B

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
MetricPWRFORTYDY
P/E 56.7x 3.0x –
P/FCF 42.8x – –
P/Operating cash flow – – –
P/S 2.6x 0.6x –
P/B 9.0x 1.1x 3.9x
P/Tangible book 12.8x 1.1x 7.7x
EV/EBITDA – – –
EV/EBIT – 4.7x –
EV/Revenue 2.6x 0.4x –
EV/FCF – – –
EV/Operating cash flow – – –
PEG (3Y EPS CAGR) 1.71 0.03 –

Growth

14 metrics
MetricPWRFORTYDY
Revenue growth (1Y) 37.1% 24.8% –
Revenue CAGR (3Y) 24.1% 3.9% –
Gross profit growth (1Y) 42.6% 22.3% –
Gross profit CAGR (3Y) 27.9% -3.2% –
Operating income growth (1Y) 61.2% 26.5% –
Operating income CAGR (3Y) 33.7% 1.6% –
Net income growth (1Y) – 255.1% –
Net income CAGR (3Y) – 61.1% –
EPS growth (1Y) 64.2% 700.9% –
EPS CAGR (3Y) 33.1% 112.1% –
Operating cash flow growth (1Y) – – –
Operating cash flow CAGR (3Y) – – –
Free cash flow growth (1Y) – – –
Free cash flow CAGR (3Y) – – –

Profitability

14 metrics
MetricPWRFORTYDY
Gross margin – 19.8% –
EBITDA margin – – –
Operating margin – 8.5% –
Pretax margin – 7.1% –
Net margin – 21.6% –
FCF margin – – –
Operating cash flow margin – – –
Return on equity 16.8% 40.1% –
Return on assets 5.6% 19.5% –
Return on invested capital – 10.1% –
Return on capital employed – 11.2% –
Asset turnover 1.2x 0.8x –
Cash conversion (OCF / net income) – – –
Stock comp / revenue – – –

Financial Health

11 metrics
MetricPWRFORTYDY
Debt / assets – 4.8% 47.1%
Debt / equity – 0.1x 1.5x
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 67.6% 52.8% 68.9%
Equity / assets 32.4% 47.2% 31.1%
Interest coverage – – –
Current ratio 1.2x 1.5x 2.7x
Quick ratio – 1.4x 2.4x
Cash ratio – 0.6x 0.7x
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricPWRFORTYDY
Dividend yield 0.1% 12.4% –
Net buyback yield – – –
Shareholder yield 0.1% 12.4% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusPWRFORTYDY
Forward P/E 40.0xFY2026 – 14.6xFY2026
EPS, next fiscal year $15.88FY2026 – $16.42FY2026
EPS growth, next FY +47.7%FY2026 – +37.2%FY2026
EPS growth, the year after +27.0% – +28.1%
Revenue, next fiscal year $40.73BFY2026 – $7.06BFY2026
Revenue growth, next FY +43.0%FY2026 – +27.2%FY2026
Revenue growth, the year after +9.6% – +26.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPWRFORTYDY
Held by institutions 88.9% – 92.8%
Institutions holding 1,921 – 618
Change in shares held, QoQ +13.5% – -2.1%
Institutions buying 972 – 339
Institutions selling 705 – 210
Buyers to sellers 1.38 – 1.61

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.

PWRFORTYDY
PWR 1.00 0.05 0.61
FORTY 0.05 1.00 0.00
DY 0.61 0.00 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PWR, FORTY and DY?

Quanta Services (PWR) is the largest by market capitalisation: Quanta Services (PWR) $92.93B, Formula Systems (1985) (FORTY) $1.87B, Dycom Industries (DY) $6.58B.

Which stock is cheaper, PWR, FORTY and DY?

Formula Systems (1985) (FORTY) trades on the lowest price-to-earnings ratio (Quanta Services (PWR) 55.2x, Formula Systems (1985) (FORTY) 3.0x). On next year's consensus earnings, Dycom Industries (DY) is cheapest (Quanta Services (PWR) 40.0x, Dycom Industries (DY) 14.6x). 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) +37.1%, Formula Systems (1985) (FORTY) +24.8%.

Which stock has performed better?

Over the past year Quanta Services (PWR) returned the most: Quanta Services (PWR) +41.6%, Formula Systems (1985) (FORTY) -14.6%, Dycom Industries (DY) -16.9%. Over five years, Quanta Services (PWR) compounded fastest (Quanta Services (PWR) +39.3%/yr, Formula Systems (1985) (FORTY) +2.4%/yr, Dycom Industries (DY) +24.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Quanta Services (PWR) 0.00%, Formula Systems (1985) (FORTY) 12.44%, Dycom Industries (DY) 0.00%. Quanta Services (PWR) and Dycom Industries (DY) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Quanta Services (PWR) has been the steadiest (Quanta Services (PWR) 45.2%, Formula Systems (1985) (FORTY) 55.3%, Dycom Industries (DY) 52.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PWR, FORTY and DY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Quanta Services (PWR) leads on 5. 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.