Quanta Services (PWR) Operating Margin (2009 - 2026)
Quanta Services (PWR) posted Operating Margin of 4.3% for Q1 2026, down 30.43% sequentially from 6.18% in Q4 2025, and up 47.0% YoY from 2.93% in Q1 2025.
Quanta Services (PWR) Operating Margin (2009 - 2026) Analysis & Trends
Quanta Services (PWR) has 18 years of Operating Margin data on file, last reported at 4.3% in Q1 2026.
- Quarterly Operating Margin rose 47.0% year-over-year to 4.3% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 5.68% (down 7.0% YoY) and the FY2025 annual result came in at 5.66%, down 3.0% from the prior year.
- Operating Margin declined to 4.3% in Q1 2026 per PWR's latest filing, from 6.18% in the prior quarter.
- The five-year high for Operating Margin was 7.12% in Q3 2023, with the low at 2.84% in Q1 2023.
- Average Operating Margin over 5 years is 5.29%, with a median of 5.53% recorded in 2023.
- The widest YoY moves for Operating Margin: up 230 bps in 2022, down 124 bps in 2022.
- Quanta Services' Operating Margin stood at 5.87% in 2022, then retreated by 5 bps to 5.58% in 2023, then gained by 24 bps to 6.91% in 2024, then slipped by 10 bps to 6.18% in 2025, then slumped by 30 bps to 4.3% in 2026.
- Business Quant data shows PWR's Operating Margin at 4.3% in Q1 2026, 6.18% in Q4 2025, and 6.78% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Stantec | 7,704.08 Bn | 7,704.08 Bn | 914.10 Mn | 12.00% |
| 2 | Quanta Services | 103.60 Bn | 103.33 Bn | 1.11 Bn | 4.30% |
| 3 | Mastec | 30.47 Bn | 30.31 Bn | 477.90 Mn | 3.70% |
| 4 | Sterling Infrastructure | 23.80 Bn | 23.30 Bn | 194.30 Mn | 16.69% |
| 5 | APi | 18.02 Bn | 17.38 Bn | 620.00 Mn | 5.20% |
| 6 | Jacobs Solutions | 14.73 Bn | 13.35 Bn | 794.89 Mn | -2.20% |
| 7 | IES Holdings | 13.95 Bn | 13.69 Bn | 254.79 Mn | 11.52% |
| 8 | Aecom | 8.61 Bn | 7.78 Bn | 296.50 Mn | 6.52% |
| 9 | Everus Construction | 7.72 Bn | 7.42 Bn | 130.73 Mn | 7.49% |
| 10 | Tetra Tech | 7.59 Bn | 7.37 Bn | 214.09 Mn | 10.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.30% |
| Dec 31, 2025 | 6.18% |
| Sep 30, 2025 | 6.78% |
| Jun 30, 2025 | 5.47% |
| Mar 31, 2025 | 3.84% |
| Dec 31, 2024 | 6.91% |
| Sep 30, 2024 | 6.64% |
| Jun 30, 2024 | 5.49% |
| Mar 31, 2024 | 3.09% |
| Dec 31, 2023 | 5.58% |
| Sep 30, 2023 | 7.12% |
| Jun 30, 2023 | 5.53% |
| Mar 31, 2023 | 2.84% |
| Dec 31, 2022 | 5.87% |
| Sep 30, 2022 | 6.43% |
| Jun 30, 2022 | 4.92% |
| Mar 31, 2022 | 2.96% |
| Dec 31, 2021 | 3.57% |
| Sep 30, 2021 | 7.40% |
| Jun 30, 2021 | 5.39% |