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Quanta Services vs EMCOR Group: PWR and EME compared
Quanta Services is the larger company: $12.0B of revenue in its latest quarter (Q3 2026) against $5.5B for EMCOR Group (Q3 2026). Quanta Services is growing faster (+57% against +29% a year earlier). EMCOR Group is more profitable, with an operating margin of 9.8% against 8.5%.
Where the money goes: PWR and EME
Quanta Services (PWR) · Q3 2026
Quanta Services, Q3 2026: revenue $12.0B (+57% year over year), operating margin 8.5%, net earnings $695M, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
EMCOR Group (EME) · Q3 2026
EMCOR Group, Q3 2026: revenue $5.5B (+29% year over year), operating margin 9.8%, net earnings $400M, operating cash flow $797M. The chart follows the revenue to costs, profit and cash.
| Quanta Services (PWR) | EMCOR Group (EME) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $12.0B | $5.5B |
| Revenue growth, Y/Y | +57% | +29% |
| Gross margin | 16.7% | 20.0% |
| Operating margin | 8.5% | 9.8% |
| Net earnings | $695M | $400M |
| Net margin | 5.8% | 7.2% |
| Operating cash flow | $1.5B | $797M |
| Free cash flow | $1.2B | $760M |
| Market value | $77.7B | $26.3B |
| P/E | 46.1× | 17.2× |
| Analysts’ mean target | $770.42 | $907.12 |
Where the revenue comes from
Quanta Services
- Electric: $9.8B (82%)
- Underground and Infrastructure: $2.2B (18%)
Questions
Which is bigger, Quanta Services or EMCOR Group?
Quanta Services is the larger company: $12.0B of revenue in its latest quarter (Q3 2026) against $5.5B for EMCOR Group (Q3 2026).
Is Quanta Services or EMCOR Group growing faster?
Quanta Services is growing faster (+57% against +29% a year earlier).
Which is more profitable, Quanta Services or EMCOR Group?
EMCOR Group is more profitable, with an operating margin of 9.8% against 8.5%.
More: Quanta Services earnings · how Quanta Services makes money · EMCOR Group earnings · how EMCOR Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.