PWR · 10-Q · 2026Q3 · Full report

Operating Cash Flow Trends

QUANTA SERVICES, INC. · 2026-10-29 · Importance 63 · Surprise 64 · From source text

Net cash provided by operating activities increased 167% to $2.941 billion for the nine months ended September 30, 2026, from $1.102 billion in the comparable 2025 period. Management attributed the cash flows primarily to earnings adjusted for non-cash items and changes in working-capital accounts. Days sales outstanding was 50 days at September 30, 2026, down from 66 days a year earlier and below the five-year historical average of 69 days. The 2025 period’s operating cash flow was also reduced by approximately $109.1 million of federal income tax paid that had been deferred from 2024 under disaster relief.

Key facts

• Quanta generated $2.94 billion of net cash from operating activities in the nine months ended September 30, 2026, a 167% increase from the same period of 2025. source
• For the nine months ended September 30, 2026, Quanta provided $2,940.929 million of operating cash, compared with $1,102.405 million in the prior-year period. source
• Quanta's days sales outstanding was 50 days at September 30, 2026, compared with 66 days at September 30, 2025 and a five-year historical average of 69 days. source
• Quanta's nine-month 2025 operating cash flow was negatively affected by approximately $109.1 million of federal income tax deferred from 2024 under federal disaster relief. source

Impact estimates