Quanta Services, Inc. PWR
Revenue Intelligence Report • 36 quarters of SEC filing data • Updated 2026-03-15
Quanta Services, Inc. has a forecasted full-year revenue of $35B, a +21.7% year-over-year change, based on 36 quarters of SEC filing data. Key revenue drivers include SG&A ($15.28 per $1). The ARDL model achieves strong accuracy at 4.5% MAPE.
Investment Thesis
The econometric model achieves strong accuracy (4.5% MAPE), suggesting Quanta Services, Inc.'s revenue trajectory is well-characterized by its spending patterns. Each $1 of SG&A spending generates $15.28 in revenue, reflecting strong commercial efficiency.
Next FY Revenue
$34.7B
+21.7% YoY
SG&A Multiplier
$15.28 per $1
Model Accuracy
4.5% MAPE
Holdout validation: The model predicted $7.8B vs the actual $7.8B — an error of 0.4%.
Note:
Quanta Services, Inc. does not report R&D expenses separately. This analysis uses SG&A spending only.
Revenue Forecast
Quarterly Detail
| Quarter | Model Forecast | Actual | 95% Range | YoY Growth | Status |
|---|---|---|---|---|---|
| Q4 2025 | $7.8B | $7.8B | $7.4B – $8.2B | +19.2% | ✓ In range |
| Q2 2026 | $8.0B | $7.4B – $8.5B | +27.5% | ||
| Q3 2026 | $8.5B | $7.8B – $9.2B | +25.1% | ||
| Q4 2026 | $9.0B | $8.2B – $9.8B | +17.7% | ||
| Q1 2027 | $9.2B | $8.3B – $10B | +17.9% |
Seasonal Factors
Multiplicative seasonal adjustment:
These factors capture Quanta Services, Inc.'s systematic quarterly revenue patterns relative to the trend model.
A factor of 1.05 means that quarter typically runs 5% above the underlying trend; 0.95 means 5% below.
Factors are computed as the median of (actual / fitted) across all available quarters.
| Fiscal Quarter | Seasonal Factor | vs Trend | Interpretation | Obs. |
|---|---|---|---|---|
| FQ1 (Sep–Nov) | 1.0333 | +3.3% | +3.3% above trend | 8 |
| FQ2 (Dec–Feb) | 1.0086 | +0.9% | In line with trend | 8 |
| FQ3 (Mar–May) | 0.971 | -2.9% | In line with trend | 8 |
| FQ4 (Jun–Aug) | 1.0344 | +3.4% | +3.4% above trend | 8 |
How Spending Drives Revenue
Reading this chart:
Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.
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