Quanta Services management check
PWR · Industrials · Construction & Engineering · CEO Earl C. Austin, Jr.
Filings as of
3 good · 4 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $591, against $280 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.35 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.5% of net income$15.7m of reported pay in fiscal 2025, against $1.0bn of net income.
- Watch
Do they own the stock?
CEO stake ≈ 36 years of payThe CEO holds 722,872 shares, directly or through trusts (unvested awards not counted): about 36 years of pay. 2 insiders sold $123.2m in the last six months and none bought.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +0.8% a year over the last three fiscal years. Stock-based pay was 0.6% of revenue in the latest year.
- Good
Is leadership stable?
7 leadership filings in 3 yearsCEO in the pay table: Earl C. Austin, Jr.. 7 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 55 | |
| Pay for performance | 67 | 86 | |
| CEO cost | 35 | 48 | |
| Skin in the game | 80 | 55 | |
| Dilution | 40 | 62 | |
| Stable leadership | 90 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Construction & Engineering, by management score. Quanta Services is 22nd of 81 in its sector.
- 16EMEEmcor86
- 28FIXComfort Systems USA84
- 133CMICummins73
- 134PWRQuanta Services73
- 135VRTVertiv73
- 335JJacobs Solutions59
Pay versus performance
From the proxy statement filed April 10, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Earl C. Austin, Jr. | $15.7m | $63.4m | $4.1m | $591 | $280 | $1.0bn |
| 2024 | — | $15.6m | $28.1m | $4.6m | $442 | $236 | $927.3m |
| 2023 | — | $14.6m | $37.8m | $4.2m | $302 | $165 | $750.7m |
| 2022 | — | $12.0m | $39.8m | $4.4m | $199 | $144 | $511.6m |
| 2021 | — | $11.0m | $48.2m | $4.4m | $160 | $140 | $492.0m |
The board says pay is tied most to AIP Adjusted EBITDA. Its other key measures: ROIC, AIP Adjusted EBITDA Margin, Adjusted EPS, Safety Performance.
Insiders and the CEO's stake
Earl C. Jr. Austin (President and CEO) held 722,872 shares directly after their latest Form 4 on May 5, 2026, roughly $562.1m at that filing's price.
2 insiders sold $123.2m in the last six months and none bought.
- SoldEarl C. Jr. AustinPresident and CEO$120.2mMay 5, 2026
- SoldPaul NobelChief Accounting Officer & SVP$3.0mMay 4, 2026
Leadership and governance on file
- Sep 15, 2026Leadership change8-K 5.02
- Apr 16, 2026Leadership change8-K 5.02
- Mar 4, 2026Leadership change8-K 5.02
- May 29, 2025Leadership change8-K 5.02
- Mar 5, 2025Leadership change8-K 5.02
- Jan 7, 2025Leadership change8-K 5.02
- Mar 8, 2024Leadership change8-K 5.02
- Aug 3, 2023Leadership change8-K 5.02
- Jun 30, 2023Leadership change8-K 5.02
- Mar 31, 2023Leadership change8-K 5.02
- Mar 14, 2023Leadership change8-K 5.02
- Jul 21, 2022Leadership change8-K 5.02
Latest shareholder vote results: May 27, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $566.8m returned to owners in buybacks and dividends, 15% of net income, and $653.1m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $13.0bn | $17.1bn | $20.9bn | $23.7bn | $28.5bn |
| Net income | $492.0m | $511.6m | $750.7m | $927.3m | $1.0bn |
| Stock-based pay | $88.3m | $105.6m | $126.8m | $150.5m | $181.9m |
| Buybacks | $66.7m | $127.8m | $350k | $0 | $134.6m |
| Dividends | $34.0m | $41.1m | $47.8m | $54.2m | $60.4m |
| Diluted shares | 145m | 148m | 149m | 150m | 151m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.