QUANTA SERVICES, INC. (PWR) Risk Factors
IndustrialsLatest 10-K filed Feb 19, 2026Source: SEC EDGAR
WealthWire extracted and classified 48 risk factors from QUANTA SERVICES, INC.’s latest SEC filing, mapping each to a standardized risk taxonomy so they can be compared across every company and sector. The breakdown below shows how those disclosures distribute across risk categories.
Financial
15 factorsMarket & business
10 factorsOperations & people
9 factorsLegal & regulatory
8 factorsESG & reputation
5 factorsTechnology
1 factorsRecent key developments
Concrete developments — dated events, named agreements and instruments, legal proceedings — that QUANTA SERVICES, INC. surfaced in its latest filing.
- Joint venture in LUMA is exposed to various risks operating in Puerto Rico.
- Unapproved change orders and claims recognized as of December 31, 2025 amounted to $983.6 million.December 31, 2025
- As of December 31, 2025, the total amount of our outstanding performance bonds was estimated to be approximately $14.9 billion.December 31, 2025
- The DoD has finalized the Cybersecurity Maturity Model Certification (CMMC) process and commenced in late 2025 the process of incorporating CMMC assessments in applicable procurements.late 2025
- Interest rates increased significantly during 2022 and 2023, and remained elevated in 2024 and most of 2025.2022-2025
- As of December 31, 2025, approximately $5.23 billion of outstanding long-term debt, net of current maturities.December 31, 2025
- As of December 31, 2025, $2.42 billion of aggregate undrawn borrowing capacity under the senior credit facility and commercial paper program.December 31, 2025
- Our ten largest customers accounted for 30% of our consolidated revenues for the year ended December 31, 2025.December 31, 2025
- Our Restated Certificate of Incorporation authorizes up to 600,000,000 shares of common stock, with 149,577,564 shares outstanding as of December 31, 2025.December 31, 2025
- We maintain a senior credit facility and senior notes, described in Note 10 of the Notes to Consolidated Financial Statements.
- We have investments described in Note 8 of the Notes to Consolidated Financial Statements in Item 8.
- As of December 31, 2025, approximately 36% of our employees were covered by collective bargaining agreements.December 31, 2025
- For the year ended December 31, 2025, we derived $2.00 billion, or 7.0%, of our consolidated revenues from foreign operations, the substantial majority of which was related to Canada and Australia.December 31, 2025
- Our internal control over financial reporting was effective as of December 31, 2025, but may not be effective in future years.December 31, 2025
- We have a wholly-owned captive insurance company registered with the Texas Department of Insurance.
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