Filing Flows › Comparisons › PWR vs IESC
Quanta Services vs IES Holdings: PWR and IESC compared
Quanta Services is the larger company: $12.0B of revenue in its latest quarter (Q3 2026) against $1.2B for IES Holdings (Q3 FY26). Quanta Services is growing faster (+57% against +40% a year earlier). IES Holdings is more profitable, with an operating margin of 14.4% against 8.5%.
Where the money goes: PWR and IESC
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.
IES Holdings (IESC) · Q3 FY26
IES Holdings, Q3 FY26: revenue $1.2B (+40% year over year), operating margin 14.4%, net earnings $153M, operating cash flow $108M. The chart follows the revenue to costs, profit and cash.
| Quanta Services (PWR) | IES Holdings (IESC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $12.0B | $1.2B |
| Revenue growth, Y/Y | +57% | +40% |
| Gross margin | 16.7% | 27.4% |
| Operating margin | 8.5% | 14.4% |
| Net earnings | $695M | $153M |
| Net margin | 5.8% | 12.3% |
| Operating cash flow | $1.5B | $108M |
| Free cash flow | $1.2B | $63.8M |
| Market value | $77.7B | $3.2B |
| P/E | 46.1× | 7.3× |
| Analysts’ mean target | $770.42 | $440.00 |
Where the revenue comes from
Quanta Services
- Electric: $9.8B (82%)
- Underground and Infrastructure: $2.2B (18%)
IES Holdings
- Communications: $453M (36%)
- Residential: $324M (26%)
- Commercial and Industrial: $241M (19%)
- Infrastructure Solutions: $224M (18%)
Questions
Which is bigger, Quanta Services or IES Holdings?
Quanta Services is the larger company: $12.0B of revenue in its latest quarter (Q3 2026) against $1.2B for IES Holdings (Q3 FY26).
Is Quanta Services or IES Holdings growing faster?
Quanta Services is growing faster (+57% against +40% a year earlier).
Which is more profitable, Quanta Services or IES Holdings?
IES Holdings is more profitable, with an operating margin of 14.4% against 8.5%.
More: Quanta Services earnings · how Quanta Services makes money · IES Holdings earnings · how IES Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Jul 31, 2026). Fiscal quarters can end on different dates. Not investment advice.