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Side-by-side financial comparison of Quanta Services (PWR) and XP Inc. (XP). Click either name above to swap in a different company.

XP Inc. is the larger business by last-quarter revenue ($13.5B vs $7.9B, roughly 1.7× Quanta Services). Quanta Services runs the higher net margin — 2.9% vs 0.0%, a 2.9% gap on every dollar of revenue.

Quanta Services is a U.S. corporation that provides infrastructure services for the electric power, pipeline, industrial and communications industries. Its capabilities include planning, design, installation, program management, maintenance and repair of most types of network infrastructure. The company has grown organically since its founding, but it has also acquired over 150 companies in the electrical contracting industry.

XP Inc. is a Brazilian investment management company. The company offers fixed income, equities, investment funds, and private pension products, as well as offers wealth management and other financial services. XP serves customers in Brazil and has offices in São Paulo, Rio de Janeiro, New York, Miami, London and Geneva.

PWR vs XP — Head-to-Head

Bigger by revenue
XP
XP
1.7× larger
XP
$13.5B
$7.9B
PWR
Higher net margin
PWR
PWR
2.9% more per $
PWR
2.9%
0.0%
XP

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
PWR
PWR
XP
XP
Revenue
$7.9B
$13.5B
Net Profit
$231.4M
$22.0K
Gross Margin
14.1%
Operating Margin
4.3%
1.1%
Net Margin
2.9%
0.0%
Revenue YoY
26.3%
Net Profit YoY
55.4%
EPS (diluted)
$1.45
$536884.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PWR
PWR
XP
XP
Q1 26
$7.9B
Q4 25
$7.8B
Q3 25
$7.6B
$13.5B
Q2 25
$6.8B
$8.8B
Q1 25
$6.2B
$4.3B
Q4 24
$6.6B
Q3 24
$6.5B
$12.6B
Q2 24
$5.6B
$8.3B
Net Profit
PWR
PWR
XP
XP
Q1 26
$231.4M
Q4 25
$316.6M
Q3 25
$339.4M
$22.0K
Q2 25
$229.3M
$22.0K
Q1 25
$144.3M
$22.0K
Q4 24
$310.3M
Q3 24
$293.2M
$21.0K
Q2 24
$188.2M
$21.0K
Gross Margin
PWR
PWR
XP
XP
Q1 26
14.1%
Q4 25
15.5%
Q3 25
15.9%
Q2 25
14.9%
Q1 25
13.4%
Q4 24
16.2%
Q3 24
15.6%
Q2 24
14.5%
Operating Margin
PWR
PWR
XP
XP
Q1 26
4.3%
Q4 25
6.2%
Q3 25
6.8%
1.1%
Q2 25
5.5%
1.0%
Q1 25
3.8%
1.1%
Q4 24
6.9%
Q3 24
6.6%
1.0%
Q2 24
5.5%
0.9%
Net Margin
PWR
PWR
XP
XP
Q1 26
2.9%
Q4 25
4.0%
Q3 25
4.4%
0.0%
Q2 25
3.4%
0.0%
Q1 25
2.3%
0.0%
Q4 24
4.7%
Q3 24
4.5%
0.0%
Q2 24
3.4%
0.0%
EPS (diluted)
PWR
PWR
XP
XP
Q1 26
$1.45
Q4 25
$2.08
Q3 25
$2.24
$536884.00
Q2 25
$1.52
$537811.00
Q1 25
$0.96
$539533.00
Q4 24
$2.03
Q3 24
$1.95
$550958.00
Q2 24
$1.26
$554030.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PWR
PWR
XP
XP
Cash + ST InvestmentsLiquidity on hand
$364.8M
Total DebtLower is stronger
$5.9B
Stockholders' EquityBook value
$9.0B
$20.0B
Total Assets
$25.7B
$347.5B
Debt / EquityLower = less leverage
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PWR
PWR
XP
XP
Q1 26
$364.8M
Q4 25
$439.5M
Q3 25
$610.4M
Q2 25
$509.5M
Q1 25
$520.6M
Q4 24
$742.0M
Q3 24
$764.1M
Q2 24
$518.1M
Total Debt
PWR
PWR
XP
XP
Q1 26
$5.9B
Q4 25
$5.2B
Q3 25
$5.5B
Q2 25
$4.7B
Q1 25
$4.4B
Q4 24
$4.1B
Q3 24
$4.1B
Q2 24
$3.0B
Stockholders' Equity
PWR
PWR
XP
XP
Q1 26
$9.0B
Q4 25
$8.9B
Q3 25
$8.4B
$20.0B
Q2 25
$7.9B
$20.0B
Q1 25
$7.5B
$20.0B
Q4 24
$7.3B
Q3 24
$7.1B
$19.5B
Q2 24
$6.6B
$19.5B
Total Assets
PWR
PWR
XP
XP
Q1 26
$25.7B
Q4 25
$24.9B
Q3 25
$22.7B
$347.5B
Q2 25
$19.9B
$347.5B
Q1 25
$19.1B
$347.5B
Q4 24
$18.7B
Q3 24
$18.9B
$249.0B
Q2 24
$15.9B
$249.0B
Debt / Equity
PWR
PWR
XP
XP
Q1 26
0.65×
Q4 25
0.59×
Q3 25
0.66×
Q2 25
0.59×
Q1 25
0.58×
Q4 24
0.56×
Q3 24
0.58×
Q2 24
0.45×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PWR
PWR
XP
XP
Operating Cash FlowLast quarter
$391.7M
Free Cash FlowOCF − Capex
$184.4M
FCF MarginFCF / Revenue
2.3%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.69×
TTM Free Cash FlowTrailing 4 quarters
$1.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PWR
PWR
XP
XP
Q1 26
$391.7M
Q4 25
$1.1B
Q3 25
$563.5M
Q2 25
$295.7M
Q1 25
$243.2M
Q4 24
$712.0M
Q3 24
$739.9M
Q2 24
$391.3M
Free Cash Flow
PWR
PWR
XP
XP
Q1 26
$184.4M
Q4 25
$934.0M
Q3 25
$421.0M
Q2 25
$155.4M
Q1 25
$110.4M
Q4 24
$565.0M
Q3 24
$527.4M
Q2 24
$229.9M
FCF Margin
PWR
PWR
XP
XP
Q1 26
2.3%
Q4 25
11.9%
Q3 25
5.5%
Q2 25
2.3%
Q1 25
1.8%
Q4 24
8.6%
Q3 24
8.1%
Q2 24
4.1%
Capex Intensity
PWR
PWR
XP
XP
Q1 26
Q4 25
2.5%
Q3 25
1.9%
Q2 25
2.1%
Q1 25
2.1%
Q4 24
2.2%
Q3 24
3.3%
Q2 24
2.9%
Cash Conversion
PWR
PWR
XP
XP
Q1 26
1.69×
Q4 25
3.56×
Q3 25
1.66×
Q2 25
1.29×
Q1 25
1.69×
Q4 24
2.29×
Q3 24
2.52×
Q2 24
2.08×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PWR
PWR

Electric$6.5B82%
Underground and Infrastructure$1.4B18%

XP
XP

Segment breakdown not available.

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