Quanta Services, Inc. stock research
FY2025 Q2
Quanta Services (PWR) Gross Margin — Quarter Ended Jun 30, 2025
Revenue and cost of revenue both increased compared to the prior quarter, with gross profit rising at a faster pace, resulting in an improved gross margin. Compared to the same quarter one year earlier, revenue and cost of revenue also increased, but gross profit growth was proportionally smaller, leading to a slightly lower gross margin.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue and cost of revenue both increased compared to the prior quarter, with gross profit rising at a faster pace, resulting in an improved gross margin. Compared to the same quarter one year earlier, revenue and cost of revenue also increased, but gross profit growth was proportionally smaller, leading to a slightly lower gross margin.
- The sequential improvement in gross margin from the prior quarter is the most notable change in margin performance. This shift reflects a more favorable relationship between revenue and cost of revenue in the current quarter.
- Gross margin improved sequentially, rising from the prior quarter's level, but weakened slightly compared to the same quarter one year earlier. Revenue and cost of revenue were higher in both comparisons, with gross profit increasing in each period.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
14.9%
Gross profit
$1.0B
Revenue
$6.8B
Cost of revenue
$5.8B
Quarter-over-quarter change
+1.5 pts
Year-over-year change
+0.4 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2024 | $6.5B | $1.0B | $5.5B | 15.6% |
| Dec 31, 2024 | $6.6B | $1.1B | $5.5B | 16.2% |
| Mar 31, 2025 | $6.2B | $834.0M | $5.4B | 13.4% |
| Jun 30, 2025 | $6.8B | $1.0B | $5.8B | 14.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+1.5 pts
Year-over-year change
Jun 30, 2024
+0.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The sequential improvement in gross margin from the prior quarter is the most notable change in margin performance. This shift reflects a more favorable relationship between revenue and cost of revenue in the current quarter.
Gross margin improved sequentially, rising from the prior quarter's level, but weakened slightly compared to the same quarter one year earlier. Revenue and cost of revenue were higher in both comparisons, with gross profit increasing in each period.
Monitor the company's forward-looking statements regarding projected margins, as referenced in the filing's cautionary note.