Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Quanta Services, Inc. (PWR) Halal?

PASS

Quanta Services, Inc. · NYSE: PWR · Industrials

The short answer

Yes - Quanta Services, Inc. (PWR) passes this Shariah stock screen at all three gates. Quanta, the Houston-based specialty infrastructure contractor, earns its revenue from electric power infrastructure, renewable energy infrastructure, and underground utility and pipeline construction (FY2025 revenues $28,479.7M) - none of which involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance as a core activity. The financial ratios pass: total debt of $5,995M is about 6.18% of its ~$97B market cap (~$645/share, October 2026), below the ~33% ceiling, and interest income of $15.702M is about 0.055% of revenue, below the 5% ceiling. ShariaPortfolio independently rates Quanta Services Shariah Compliant (5/5 standards). This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

Quanta Services, Inc. (NYSE: PWR), based in Houston, Texas (incorporated 1997), is a specialty infrastructure contractor serving electric power, renewable energy, technology, communications, pipeline, and energy industries (US, Canada, Australia, select international). Per its Form 10-K for the fiscal year ended December 31, 2025 (filed February 19, 2026; accession 0001050915-26-000006; CIK 0001050915), its 2025 segments were Electric Power Infrastructure Solutions (transmission/distribution design-build-maintain, substations, smart grid, storm restoration), Renewable Energy Infrastructure Solutions (utility-scale wind, solar, hydropower, battery storage EPC, incl. Blattner Energy), and Underground Utility and Infrastructure Solutions (natural gas/oil pipeline and storage construction, gas utility distribution hardening, fiber-optic/communications infrastructure). From Q1 2026, reporting collapsed to two segments (Electric Infrastructure Solutions and Underground Utility and Infrastructure Solutions). Business-screen implication (factual): specialty infrastructure contracting - no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance as a core activity. The oil/gas-adjacent work is contracting services for utilities/pipelines (not production or trading), which standard Shariah screens do not exclude. ~80-85% of work is self-performed by its own craft workforce. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Quanta Services' Form 10-K for the fiscal year ended December 31, 2025 (filed February 19, 2026; accession 0001050915-26-000006; CIK 0001050915; amounts in thousands as filed), total debt at December 31, 2025 was: current maturities of long-term debt $763,898K + long-term debt, net of current maturities $5,231,008K = $5,994,906K ($5.995B); acquisitions are part of the debt story (up from $4.16B at YE2024). Against a market cap of about $97B (Zacks: 150.34M shares x $642.51; Sep 25, 2026 intraday $645.54 x ~150M = about $96.8B - same range), debt / market cap is about 6.18% - below the ~33% ceiling. Cash and cash equivalents of $439.5M is about 0.45% of market cap (no separate marketable-securities line on the balance sheet). Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Per Quanta Services' Form 10-K for the fiscal year ended December 31, 2025 (filed February 19, 2026; accession 0001050915-26-000006; amounts in thousands as filed), interest income was $15,702K ($15.702M) against revenues of $28,479,697K ($28,479.7M) = about 0.055% of revenue - below the 5% non-compliant income ceiling. Zoya's PWR page independently reports FY2025 interest income of $15,702,000 (0.06% of its combined revenue methodology) - matching the 10-K exactly. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Quanta Services do?

Quanta Services, Inc. (NYSE: PWR), based in Houston, Texas (incorporated 1997), is a specialty infrastructure contractor serving electric power, renewable energy, technology, communications, pipeline, and energy industries (US, Canada, Australia, select international). Per its Form 10-K for the fiscal year ended December 31, 2025 (filed February 19, 2026; accession 0001050915-26-000006; CIK 0001050915), its 2025 segments were Electric Power Infrastructure Solutions (transmission/distribution design-build-maintain, substations, smart grid, storm restoration), Renewable Energy Infrastructure Solutions (utility-scale wind, solar, hydropower, battery storage EPC), and Underground Utility and Infrastructure Solutions (natural gas/oil pipeline and storage construction, gas utility distribution, fiber-optic/communications infrastructure) - from Q1 2026, reporting collapsed to two segments (Electric Infrastructure Solutions and Underground Utility and Infrastructure Solutions). Its common stock trades on the New York Stock Exchange (ticker PWR). In FY2025 it reported revenues of $28,479.7M.

Why does Quanta Services pass this Shariah stock screen?

Quanta Services passes all three gates of this Shariah stock screen. Gate 1 (business activity): specialty infrastructure contracting - electric power, renewable energy, underground utility and pipeline construction involve no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance as a core activity - a clean business (the oil/gas-adjacent work is contracting services for utilities/pipelines, not production or trading). Gate 2 (debt): total debt of $5,995M is about 6.18% of its ~$97B market cap (October 2026), below the ~33% ceiling. Gate 3 (non-compliant income): interest income of $15.702M is about 0.055% of FY2025 revenues ($28,479.7M), below the 5% ceiling. Result: PASS. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is Quanta Services' interest-bearing debt ratio?

Per Quanta Services' Form 10-K for the fiscal year ended December 31, 2025 (filed February 19, 2026; accession 0001050915-26-000006; CIK 0001050915; amounts in thousands as filed), total debt at December 31, 2025 was: current maturities of long-term debt $763,898K + long-term debt, net of current maturities $5,231,008K = $5,994,906K ($5.995B; acquisitions are part of the debt story - up from $4.16B at YE2024). Against a market cap of about $97B (Zacks: 150.34M shares x $642.51; Sep 25, 2026 intraday $645.54 x ~150M = about $96.8B - same range), debt / market cap is about 6.18% - below the ~33% ceiling. Cash and cash equivalents of $439.5M is about 0.45% of market cap (no separate marketable-securities line on the balance sheet). Gate 2 passes. Facts only.

How much interest income does Quanta Services earn?

Per Quanta Services' Form 10-K for the fiscal year ended December 31, 2025 (filed February 19, 2026; accession 0001050915-26-000006; amounts in thousands as filed), interest income was $15,702K ($15.702M) against revenues of $28,479,697K ($28,479.7M) = about 0.055% of revenue - below the 5% non-compliant income ceiling. Zoya's PWR page independently reports FY2025 interest income of $15,702,000 (0.06% of its combined revenue methodology) - matching the 10-K exactly. Gate 3 passes. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover Quanta Services?

Zoya covers Quanta Services at zoya.finance/stocks/pwr: its auto-generated FAQ text is garbled/contradictory (renders 'Shariah-compliant and therefore considered halal' AND 'Shariah-compliant and therefore not considered halal' fragments simultaneously), so no clean Zoya rating can be quoted - only the data fields (FY2025 interest income $15,702,000 and revenue $28,351,482,000, 0.06%) - which match the 10-K exactly. ShariaPortfolio covers PWR at spscreener.mxcorporate.com/ticker/pwr-quanta-services-inc/: 'Quanta Services Inc is Shariah Compliant. It passes 5/5 Shariah standards we screen against.' Musaffa: no musaffa.com coverage of PWR was found in web searches - honestly reported as no coverage found, not invented.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).