PWR vs WM vs EME Stock Comparison

Quanta Services, Waste Management and Emcor Prices as of Oct 27, 2026 Peers: Industry group
PWR Quanta Services, Inc.
$578.87 -10.8% 1M +31.0% 1Y
Market cap
$90.87B
P/E
68.5x
Revenue (TTM)
$32.91B
Div. yield
0.00%
Utility Construction Industrials
3 wins
WM Waste Management Inc
$235.63 +13.9% 1M +10.2% 1Y
Market cap
$90.37B
P/E
29.4x
Revenue (TTM)
$26.07B
Div. yield
–
Solid Waste Industrials
1 win
EME EMCOR Group, Inc.
$666.57 -12.6% 1M -11.7% 1Y
Market cap
$30.08B
P/E
20.9x
Revenue (TTM)
$18.60B
Div. yield
0.00%
Engineering and Construction Industrials
6 wins

Head to Head

10 decided of 12

Emcor leads on 6 of the 12 questions below (Emcor 6, Quanta Services 3, Waste Management 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPWRWMEMELeader
Larger companyMarket capitalisation $90.87B $90.37B $30.08B PWR
Cheaper on earningsLower P/E, profitable companies only 68.5x 29.4x 20.9x EME
Cheaper on forward earningsLower price / next fiscal year consensus EPS 36.5x 27.2x 19.2x EME
Faster revenue growthRevenue growth, trailing twelve months +26.3% +5.2% +18.9% PWR
More profitableNet margin, trailing twelve months 4.0% — 7.7% EME
Better return on capitalReturn on invested capital 10.1% — — –
Less leveragedLower net debt / EBITDA 1.8x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% EME
Better 1-year returnPrice return, last 12 months +31.0% +10.2% -11.7% PWR
Better 5-year returnAnnualised price return, 5 years +36.7%/yr +8.4%/yr +39.9%/yr EME
Less volatileAnnualised volatility, 1 year 44.8% 21.4% 45.4% WM
Higher overall scoreMean of the five percentile scores vs peers 53/100 61/100 65/100 EME

Percentile Scorecard

PWRWMEME

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

AxisPWRWMEME
Valuation 22 #41 of 52 60 #7 of 16 59 #22 of 52
Growth 72 #11 of 37 77 #4 of 14 56 #17 of 37
Profitability 75 #10 of 37 92 #2 of 14 86 #6 of 37
Financial Health 55 #26 of 57 13 #14 of 16 70 #18 of 57
Shareholder Returns 42 #16 of 27 – 54 #13 of 27
Overall 53 61 65
  • PWR ranked among 57 companies in Construction Services
  • WM ranked among 16 companies in Waste Management
  • EME ranked among 57 companies in Construction Services

Price Performance

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

Returns

PeriodPWRWMEMESPY
1 month -10.8%+13.9%-12.6% -0.2%
3 months -1.6%-1.6%-5.6% +3.9%
6 months -8.3%+3.6%-22.8% +8.2%
Year to date +37.2%+7.2%+9.0% +12.9%
1 year +31.0%+10.2%-11.7% +12.3%
3 years +251.1%+46.0%+224.6% +87.4%
3 years, per year +52.0%+13.5%+48.1% +23.3%
5 years +376.4%+49.6%+435.6% +67.9%
5 years, per year +36.7%+8.4%+39.9% +10.9%
10 years +1,953.5%+271.9%+1,015.6% +261.1%
10 years, per year +35.3%+14.0%+27.3% +13.7%

Risk

MeasurePWRWMEMESPY
Volatility, 1Y 44.8%21.4%45.4% 12.7%
Downside volatility, 1Y 42.7%20.8%48.2% 12.7%
Beta vs S&P 500, 1Y 1.73-0.421.93 1.00
Return / volatility, 1Y 0.690.48-0.26 0.97
Max drawdown, 5Y -33.9%-18.7%-36.2% -25.4%
From 52-week high -26.3%-4.4%-29.4% -1.2%
52-week high $785.24$246.51$943.75 $779.14
52-week low $413.17$196.77$581.58 $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.

MultiplePWRWMEME
P/E now vs peer median 65.5xmedian 26.7x 30.8xmedian 33.2x 20.6xmedian 26.7x
P/S now vs peer median 2.6xmedian 0.8x 3.6xmedian 3.3x 1.6xmedian 0.8x
EV/EBITDA now vs peer median 30.2xmedian 13.1x —median 14.5x 13.4xmedian 13.1x
P/FCF now vs peer median 38.0xmedian 23.0x 23.2xmedian 16.4x 25.2xmedian 23.0x
P/B now vs peer median 8.9xmedian 2.4x 9.6xmedian 3.0x 7.2xmedian 2.4x
PEG now vs peer median 2.13median 0.57 3.00median 2.81 0.44median 0.57

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 monthsPWRWMEME
Revenue $32.91B $26.07B $18.60B
Gross profit $5.09B – $3.61B
Operating income $2.04B $4.80B $1.93B
Net income $1.35B $3.07B $1.44B
Free cash flow $2.29B – $1.17B
EPS (diluted) $8.70 $7.63 $32.30
Cash & equivalents $506.43M $247.00M $924.41M
Total debt $6.10B – –
Shares (diluted) 152.44M 402.40M 44.55M
Enterprise value $88.95B $90.37B $26.47B

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
MetricPWRWMEME
P/E 65.5x 30.8x 20.6x
P/FCF 38.0x 23.2x 25.2x
P/Operating cash flow 27.4x 8.2x 22.9x
P/S 2.6x 3.6x 1.6x
P/B 8.9x 9.6x 7.2x
P/Tangible book 13.3x 14.9x 9.8x
EV/EBITDA 30.2x – 13.4x
EV/EBIT 45.5x – 14.8x
EV/Revenue 2.8x 3.6x 1.5x
EV/FCF 40.5x – 24.4x
EV/Operating cash flow 29.1x 8.2x 22.1x
PEG (3Y EPS CAGR) 2.13 3.00 0.44

Growth

14 metrics
MetricPWRWMEME
Revenue growth (1Y) 26.3% 5.2% 18.9%
Revenue CAGR (3Y) 21.5% 9.0% 16.7%
Gross profit growth (1Y) 29.8% – 18.5%
Gross profit CAGR (3Y) 24.2% – 26.3%
Operating income growth (1Y) 36.3% 17.9% 29.9%
Operating income CAGR (3Y) 28.9% 10.5% 41.7%
Net income growth (1Y) 36.2% 19.7% 30.2%
Net income CAGR (3Y) 31.5% 10.0% 43.8%
EPS growth (1Y) 35.2% 20.3% 31.5%
EPS CAGR (3Y) 30.7% 10.3% 47.0%
Operating cash flow growth (1Y) 59.6% 95.1% -0.6%
Operating cash flow CAGR (3Y) 42.8% 37.6% 20.8%
Free cash flow growth (1Y) 68.4% – -3.1%
Free cash flow CAGR (3Y) 47.7% – 20.3%

Profitability

14 metrics
MetricPWRWMEME
Gross margin 15.5% – 19.4%
EBITDA margin 9.3% – 11.5%
Operating margin 6.2% – 10.4%
Pretax margin 5.3% – 10.5%
Net margin 4.0% – 7.7%
FCF margin 7.0% – 6.3%
Operating cash flow margin 9.7% 43.8% 6.9%
Return on equity 14.3% 31.0% 36.2%
Return on assets 5.0% 6.6% 14.6%
Return on invested capital 10.1% – –
Return on capital employed 12.6% – 41.9%
Asset turnover 1.2x 0.6x 1.9x
Cash conversion (OCF / net income) 2.4x 3.7x 0.9x
Stock comp / revenue 0.7% – 0.1%

Financial Health

11 metrics
MetricPWRWMEME
Debt / assets 21.6% – –
Debt / equity 0.6x – –
Net debt / EBITDA 1.8x – –
Debt / FCF 2.7x – –
Liabilities / assets 65.6% 78.8% 59.8%
Equity / assets 34.4% 21.2% 40.2%
Interest coverage 6.9x – –
Current ratio 1.1x 0.8x 1.3x
Quick ratio 1.0x – 1.2x
Cash ratio 0.0x – 0.2x
Altman Z-score 4.62 – 6.46

Shareholder Returns

7 metrics
MetricPWRWMEME
Dividend yield 0.1% 1.5% 0.2%
Net buyback yield – – 1.4%
Shareholder yield 0.1% 1.5% 1.7%
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.

ConsensusPWRWMEME
Forward P/E 36.5xFY2026 27.2xFY2026 19.2xFY2026
EPS, next fiscal year $15.88FY2026 $8.65FY2026 $34.73FY2026
EPS growth, next FY +47.7%FY2026 +15.3%FY2026 +34.2%FY2026
EPS growth, the year after +27.0% +9.5% +10.7%
Revenue, next fiscal year $40.73BFY2026 $25.84BFY2026 $19.07BFY2026
Revenue growth, next FY +43.0%FY2026 +2.6%FY2026 +12.2%FY2026
Revenue growth, the year after +9.6% +12.0% +13.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPWRWMEME
Held by institutions 88.9% 82.3% 93.1%
Institutions holding 1,920 2,348 1,235
Change in shares held, QoQ +13.5% +0.8% -0.1%
Institutions buying 972 1,094 659
Institutions selling 704 901 419
Buyers to sellers 1.38 1.21 1.57

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.

PWRWMEME
PWR 1.00 -0.29 0.77
WM -0.29 1.00 -0.34
EME 0.77 -0.34 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PWR, WM and EME?

Quanta Services (PWR) is the largest by market capitalisation: Quanta Services (PWR) $90.87B, Waste Management (WM) $90.37B, Emcor (EME) $30.08B.

Which stock is cheaper, PWR, WM and EME?

Emcor (EME) trades on the lowest price-to-earnings ratio (Quanta Services (PWR) 68.5x, Waste Management (WM) 29.4x, Emcor (EME) 20.9x). On next year's consensus earnings, Emcor (EME) is cheapest (Quanta Services (PWR) 36.5x, Waste Management (WM) 27.2x, Emcor (EME) 19.2x). 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%, Waste Management (WM) +5.2%, Emcor (EME) +18.9%.

Which company is more profitable?

Emcor (EME) has the highest net margin (Quanta Services (PWR) 4.0%, Emcor (EME) 7.7%).

Which stock has performed better?

Over the past year Quanta Services (PWR) returned the most: Quanta Services (PWR) +31.0%, Waste Management (WM) +10.2%, Emcor (EME) -11.7%. Over five years, Emcor (EME) compounded fastest (Quanta Services (PWR) +36.7%/yr, Waste Management (WM) +8.4%/yr, Emcor (EME) +39.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

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

Which stock is riskier?

By one-year price volatility, Waste Management (WM) has been the steadiest (Quanta Services (PWR) 44.8%, Waste Management (WM) 21.4%, Emcor (EME) 45.4%). Volatility measures how widely the price swings, not the risk of the business.

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

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.