Key Takeaways PWR trades at a premium valuation, supported by secular power demand and regulated utility spending.Quanta posted a record $39.2B backlog in Q3 2025, reflecting strong visibility across grid projects.PWR boosted margins and cash flow through self-perform execution, disciplined bidding and capital returns.Quanta Services, Inc. (PWR) is currently trading at a premium compared with the Engineering - R and D Services industry peers and the broader Construction sector, with a forward 12-month price ...