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Quanta Services (PWR) Financials

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Annual Income Statements for Quanta Services

Annual Income Statements for Quanta Services

This table shows Quanta Services' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
297 311 198 315 293 402 446 486 491 745 905
Consolidated Net Income / (Loss)
315 322 200 318 296 407 452 492 512 751 927
Net Income / (Loss) Continuing Operations
288 131 200 318 296 407 452 492 512 751 927
Total Pre-Tax Income
427 229 308 354 458 572 571 623 704 970 1,212
Total Operating Income
429 238 321 379 540 555 611 664 872 1,128 1,346
Total Gross Profit
1,169 924 1,014 1,242 1,480 1,600 1,661 1,953 2,529 2,937 3,511
Total Revenue
7,747 7,572 7,651 9,466 11,171 12,112 11,203 12,980 17,074 20,882 23,673
Operating Revenue
7,747 7,572 7,651 9,466 11,171 12,112 11,203 12,980 17,074 20,882 23,673
Total Cost of Revenue
6,578 6,649 6,638 8,225 9,691 10,512 9,542 11,027 14,545 17,945 20,162
Operating Cost of Revenue
6,578 6,649 6,638 8,225 9,691 10,512 9,542 11,027 14,545 17,945 20,162
Total Operating Expenses
740 686 693 863 940 1,045 1,049 1,290 1,657 1,809 2,164
Selling, General & Admin Expense
705 593 653 778 858 956 975 1,156 1,337 1,555 1,825
Amortization Expense
34 35 32 32 44 62 77 165 354 289 383
Other Operating Expenses / (Income)
- - - - 0.00 - -11 -44 -52 -42 -50
Impairment Charge
0.00 58 7.96 58 49 14 8.28 5.74 14 0.00 0.00
Other Special Charges / (Income)
- 0.00 0.00 -5.17 -11 13 0.72 6.73 4.42 6.57 7.06
Total Other Income / (Expense), net
-2.46 -8.83 -13 -25 -83 17 -40 -41 -168 -158 -134
Interest Expense
4.77 8.02 15 21 37 67 45 69 124 187 203
Interest & Investment Income
3.40 1.49 2.42 0.83 1.56 0.93 2.45 3.19 2.61 11 32
Other Income / (Expense), net
-1.10 -2.30 -0.66 -4.98 -47 83 2.54 25 -46 18 36
Income Tax Expense
139 97 107 36 162 165 119 131 192 219 285
Net Income / (Loss) Attributable to Noncontrolling Interest
18 11 1.72 3.25 2.66 4.77 6.36 6.03 20 6.00 22
Basic Earnings per Share
$1.35 $1.59 $1.26 $2.02 $1.92 $2.76 $3.15 $3.45 $3.42 $5.13 $6.16
Weighted Average Basic Shares Outstanding
219.67M 195.11M 157.29M 156.12M 152.96M 145.71M 141.38M 140.82M 143.49M 145.22M 146.93M
Diluted Earnings per Share
$1.35 $1.59 $1.26 $2.00 $1.90 $2.73 $3.07 $3.34 $3.32 $5.00 $6.03
Weighted Average Diluted Shares Outstanding
219.69M 195.12M 157.29M 157.16M 154.23M 147.53M 145.25M 145.37M 147.99M 148.82M 150.06M
Weighted Average Basic & Diluted Shares Outstanding
219.80M 195.50M 157.40M 155.90M 152.80M 142.51M 138.37M 142.69M 144.00M 145.75M 148.20M
Cash Dividends to Common per Share
- - - $0.00 $0.04 $0.17 $0.21 $0.25 $0.29 $0.33 $0.37

Quarterly Income Statements for Quanta Services

This table shows Quanta Services' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders
163 95 166 273 211 118 188 293 305 144 229
Consolidated Net Income / (Loss)
174 97 167 274 214 126 192 299 310 149 234
Net Income / (Loss) Continuing Operations
174 97 167 274 214 126 192 299 310 149 234
Total Pre-Tax Income
246 94 236 351 289 147 267 381 416 189 319
Total Operating Income
259 126 279 400 323 155 307 431 453 239 370
Total Gross Profit
668 573 724 847 792 623 811 1,013 1,063 834 1,008
Total Revenue
4,417 4,429 5,049 5,621 5,784 5,032 5,594 6,493 6,553 6,233 6,773
Operating Revenue
4,417 4,429 5,049 5,621 5,784 5,032 5,594 6,493 6,553 6,233 6,773
Total Cost of Revenue
3,749 3,856 4,325 4,773 4,991 4,408 4,783 5,481 5,490 5,399 5,765
Operating Cost of Revenue
3,749 3,856 4,325 4,773 4,991 4,408 4,783 5,481 5,490 5,399 5,765
Total Operating Expenses
408 447 445 447 470 468 504 581 611 595 637
Selling, General & Admin Expense
341 385 384 387 400 402 432 484 506 494 528
Amortization Expense
63 72 70 71 75 78 79 110 116 110 113
Other Operating Expenses / (Income)
-8.12 -9.62 -9.37 -12 -11 -12 -8.59 -14 -16 -13 -14
Other Special Charges / (Income)
0.37 0.00 0.00 0.80 5.77 0.62 1.12 1.12 4.20 4.36 10
Total Other Income / (Expense), net
-14 -32 -43 -49 -33 -8.17 -40 -50 -36 -50 -52
Interest Expense
37 42 48 48 50 41 45 60 56 54 60
Interest & Investment Income
1.88 1.52 1.45 1.99 5.87 8.02 3.56 7.24 14 3.84 3.78
Other Income / (Expense), net
22 7.87 3.42 -3.74 11 25 1.62 2.99 6.35 0.24 4.14
Income Tax Expense
72 -3.42 69 78 76 21 75 82 106 40 85
Net Income / (Loss) Attributable to Noncontrolling Interest
12 1.92 0.69 0.69 2.70 7.73 3.73 5.84 5.17 4.71 4.27
Basic Earnings per Share
$1.13 $0.66 $1.14 $1.88 $1.45 $0.81 $1.28 $1.99 $2.08 $0.97 $1.54
Weighted Average Basic Shares Outstanding
143.49M 144.47M 145.42M 145.46M 145.22M 145.94M 146.58M 147.39M 146.93M 148.27M 148.45M
Diluted Earnings per Share
$1.10 $0.64 $1.12 $1.83 $1.41 $0.79 $1.26 $1.95 $2.03 $0.96 $1.52
Weighted Average Diluted Shares Outstanding
147.99M 148.66M 148.77M 148.79M 148.82M 149.35M 149.79M 150.56M 150.06M 150.96M 150.92M
Weighted Average Basic & Diluted Shares Outstanding
144.00M 145.18M 145.20M 145.28M 145.75M 146.39M 147.33M 147.61M 148.20M 148.20M 149.01M
Cash Dividends to Common per Share
- $0.08 $0.08 $0.08 - $0.09 $0.09 $0.09 - - $0.10

Annual Cash Flow Statements for Quanta Services

This table details how cash moves in and out of Quanta Services' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
-298 -708 -14 28 -60 86 17 45 201 862 -549
Net Cash From Operating Activities
248 817 391 372 359 527 1,116 582 1,130 1,576 2,081
Net Cash From Continuing Operating Activities
248 817 391 372 359 527 1,122 582 1,130 1,576 2,079
Net Income / (Loss) Continuing Operations
288 322 200 318 296 407 452 492 512 751 927
Consolidated Net Income / (Loss)
315 322 200 318 296 407 452 492 512 751 927
Depreciation Expense
141 163 170 184 203 218 225 256 291 325 359
Amortization Expense
35 36 33 34 45 64 82 165 354 289 383
Non-Cash Adjustments To Reconcile Net Income
150 93 51 110 154 2.39 95 -237 -133 -152 406
Changes in Operating Assets and Liabilities, net
-366 203 -64 -274 -339 -165 267 -93 107 364 3.07
Net Cash From Investing Activities
-489 -297 -264 -572 -403 -618 -499 -2,899 -617 -990 -2,294
Net Cash From Continuing Investing Activities
-489 -297 -264 -572 -403 -618 -499 -2,899 -617 -990 -2,294
Purchase of Property, Plant & Equipment
-247 -210 -213 -245 -294 -262 -260 -386 -428 -435 -604
Acquisitions
-262 -113 -69 -361 -109 -388 -293 -2,452 -195 -652 -1,746
Purchase of Investments
-3.13 - -13 -57 -37 -47 -15 -139 -78 -7.54 -82
Sale of Property, Plant & Equipment
14 26 22 23 32 31 35 50 64 69 78
Sale and/or Maturity of Investments
- - 7.59 66 4.71 47 14 29 21 42 29
Other Investing Activities, net
9.78 - 0.55 1.18 0.71 1.96 0.54 -0.87 -1.15 -7.31 30
Net Cash From Financing Activities
-58 -1,228 -134 228 -17 178 -601 2,361 -311 269 -306
Net Cash From Continuing Financing Activities
-58 -1,228 -134 228 -17 178 -601 2,361 -311 269 -306
Repayment of Debt
-897 -2,942 -2,870 -2,634 -4,080 -5,936 -4,207 -4,277 -9,360 -17,743 -21,219
Repurchase of Common Equity
-93 -1,606 0.00 -50 -443 -20 -247 -67 -128 -0.35 0.00
Payment of Dividends
-14 -19 -0.76 -2.00 -4.04 -26 -34 -34 -41 -48 -54
Issuance of Debt
943 3,349 2,744 2,932 4,526 6,176 3,974 6,803 9,300 18,179 21,123
Other Financing Activities, net
2.74 -9.80 -7.94 -19 -15 -16 -87 -65 -83 -120 -156
Other Net Changes in Cash
- - - - - - - 0.43 -0.72 7.03 -30

Quarterly Cash Flow Statements for Quanta Services

This table details how cash moves in and out of Quanta Services' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents
215 -209 144 -58 985 -762 -12 247 -23 -223 -10
Net Cash From Operating Activities
583 38 127 407 1,004 238 391 740 712 243 296
Net Cash From Continuing Operating Activities
583 38 127 407 1,004 238 391 740 710 243 296
Net Income / (Loss) Continuing Operations
174 97 167 274 214 126 192 299 310 149 234
Consolidated Net Income / (Loss)
174 97 167 274 214 126 192 299 310 149 234
Depreciation Expense
72 78 80 81 85 89 84 90 97 98 99
Amortization Expense
63 72 70 71 75 78 79 110 116 110 113
Non-Cash Adjustments To Reconcile Net Income
111 -161 -17 -211 237 159 83 29 135 -12 -13
Changes in Operating Assets and Liabilities, net
162 -48 -172 191 393 -213 -46 211 52 -102 -137
Net Cash From Investing Activities
-141 -489 -79 -155 -267 -387 -203 -1,538 -167 -521 -460
Net Cash From Continuing Investing Activities
-141 -489 -79 -155 -267 -387 -203 -1,538 -167 -521 -460
Purchase of Property, Plant & Equipment
-90 -80 -105 -140 -109 -83 -161 -212 -147 -133 -140
Acquisitions
-17 -452 - -20 -179 -384 -67 -1,274 -21 -394 -192
Sale of Property, Plant & Equipment
21 - - 13 21 26 - 12 10 7.32 15
Other Investing Activities, net
-0.76 4.88 -12 -1.28 0.73 28 -32 8.81 -0.04 -0.91 5.50
Net Cash From Financing Activities
-227 243 94 -305 237 -603 -203 1,034 -533 52 134
Net Cash From Continuing Financing Activities
-227 243 94 -305 237 -603 -203 1,034 -533 52 134
Repayment of Debt
-4,089 -4,067 -5,347 -4,745 -3,583 -3,277 -4,339 -5,120 -8,483 -5,230 -10,152
Repurchase of Common Equity
-13 - - - - 0.00 - - - -119 -16
Payment of Dividends
-10 -13 -12 -12 -12 -14 -13 -14 -13 -15 -15
Issuance of Debt
3,888 4,431 5,454 4,454 3,839 2,764 4,151 6,230 7,978 5,488 10,421
Other Financing Activities, net
-3.95 -109 -2.08 -2.65 -6.38 -76 -2.09 -63 -15 -72 -104
Other Net Changes in Cash
0.54 - - -4.82 11 -9.96 - 11 -35 2.29 19

Annual Balance Sheets for Quanta Services

This table presents Quanta Services' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
6,254 5,214 5,354 6,480 7,076 8,332 8,398 12,855 13,464 16,237 18,684
Total Current Assets
2,496 2,278 2,289 2,870 3,326 3,831 3,588 4,733 5,536 7,677 7,851
Cash & Equivalents
191 129 112 138 79 165 185 229 429 1,290 742
Accounts Receivable
2,092 1,939 1,973 1,985 2,355 2,748 2,716 3,400 3,675 4,411 5,171
Inventories, net
39 75 89 81 108 56 50 85 103 176 260
Prepaid Expenses
161 135 115 168 208 261 183 215 250 387 469
Other Current Assets
- - - 497 577 601 454 803 1,080 1,413 1,209
Plant, Property, & Equipment, net
1,100 1,102 1,174 1,289 1,276 0.00 1,561 1,920 2,030 2,337 2,700
Total Noncurrent Assets
2,658 1,834 1,891 2,322 2,474 4,501 3,249 6,203 5,898 6,223 8,133
Goodwill
1,597 1,553 1,603 1,869 1,900 2,023 2,121 3,529 3,587 4,046 5,316
Intangible Assets
244 205 187 263 280 414 436 1,801 1,459 1,362 1,861
Other Noncurrent Operating Assets
79 76 101 190 294 2,064 693 873 852 815 956
Total Liabilities & Shareholders' Equity
6,254 5,214 5,354 6,480 7,076 8,332 8,398 12,855 13,464 16,237 18,684
Total Liabilities
1,728 2,126 2,011 2,685 3,470 4,278 4,049 7,738 8,066 9,954 11,354
Total Current Liabilities
1,106 1,204 1,205 1,492 1,806 2,263 2,139 3,165 3,406 5,213 6,029
Short-Term Debt
8.88 7.07 7.56 1.22 66 75 15 29 37 535 63
Accounts Payable
825 782 923 1,057 1,315 1,490 1,510 2,255 2,153 3,061 3,722
Current Deferred Revenue
251 399 275 433 - - - 803 1,142 1,539 2,149
Other Current Liabilities
- - - - 426 699 614 78 74 78 94
Total Noncurrent Liabilities
622 922 806 1,192 1,664 2,015 1,911 4,573 4,659 4,741 5,326
Long-Term Debt
72 475 354 671 1,041 1,292 1,174 3,724 3,692 3,664 4,100
Noncurrent Deferred & Payable Income Tax Liabilities
216 186 193 179 219 215 166 191 228 254 353
Other Noncurrent Operating Liabilities
228 260 260 342 405 508 570 658 739 823 873
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
4,526 3,088 3,343 3,796 3,605 4,054 4,349 5,117 5,399 6,283 7,330
Total Preferred & Common Equity
4,514 3,085 3,339 3,792 3,604 4,050 4,344 5,112 5,383 6,272 7,318
Total Common Equity
4,514 3,085 3,339 3,792 3,604 4,050 4,344 5,112 5,383 6,272 7,318
Common Stock
3,593 3,498 1,749 1,889 1,967 2,025 2,170 2,615 2,719 3,003 3,444
Retained Earnings
1,367 1,678 1,876 2,191 2,477 2,854 3,265 3,715 4,163 4,858 5,707
Treasury Stock
-322 -1,795 -14 -85 -554 -587 -858 -980 -1,188 -1,306 -1,461
Accumulated Other Comprehensive Income / (Loss)
-123 -295 -272 -203 -286 -242 -233 -238 -311 -283 -373
Noncontrolling Interest
11 2.32 3.28 4.06 1.29 3.54 4.79 4.62 15 11 12

Quarterly Balance Sheets for Quanta Services

This table presents Quanta Services' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Total Assets
13,464 14,039 14,741 15,188 16,237 15,542 15,929 18,866 18,684 19,135 19,891
Total Current Assets
5,536 5,571 6,322 6,735 7,677 6,583 6,888 8,046 7,851 7,830 8,178
Cash & Equivalents
429 217 362 305 1,290 531 518 764 742 521 509
Accounts Receivable
3,675 3,645 4,075 4,332 4,411 4,095 4,431 5,150 5,171 5,290 5,386
Inventories, net
103 159 157 164 176 224 235 276 260 263 287
Prepaid Expenses
250 262 371 349 387 458 476 527 469 497 648
Other Current Assets
1,080 1,287 1,357 1,585 1,413 1,275 1,228 1,329 1,209 1,259 1,347
Plant, Property, & Equipment, net
2,030 2,191 2,234 2,290 2,337 2,427 2,464 2,649 2,700 2,800 2,885
Total Noncurrent Assets
5,898 6,277 6,185 6,163 6,223 6,532 6,578 8,171 8,133 8,505 8,829
Goodwill
3,587 3,873 3,885 3,900 4,046 4,284 4,314 5,282 5,316 5,560 5,674
Intangible Assets
1,459 1,500 1,424 1,362 1,362 1,408 1,387 1,967 1,861 1,959 1,925
Other Noncurrent Operating Assets
852 905 875 900 815 840 877 922 956 986 1,230
Total Liabilities & Shareholders' Equity
13,464 14,039 14,741 15,188 16,237 15,542 15,929 18,866 18,684 19,135 19,891
Total Liabilities
8,066 8,517 9,012 9,193 9,954 9,175 9,348 11,777 11,354 11,662 12,022
Total Current Liabilities
3,406 3,427 3,764 4,192 5,213 4,831 5,316 6,525 6,029 5,986 5,977
Short-Term Debt
37 40 41 45 535 547 549 556 63 74 87
Accounts Payable
2,153 2,168 2,517 2,969 3,061 2,758 3,199 3,999 3,722 3,668 3,651
Current Deferred Revenue
1,142 1,143 1,129 1,101 1,539 1,443 1,483 1,875 2,149 2,152 2,139
Other Current Liabilities
74 76 77 78 78 84 85 95 94 93 100
Total Noncurrent Liabilities
4,659 5,090 5,248 5,000 4,741 4,344 4,032 5,252 5,326 5,677 6,045
Long-Term Debt
3,692 4,084 4,217 3,937 3,664 3,174 2,974 4,132 4,100 4,360 4,654
Noncurrent Deferred & Payable Income Tax Liabilities
228 236 255 264 254 298 312 337 353 375 366
Other Noncurrent Operating Liabilities
739 769 777 799 823 872 747 783 873 941 1,025
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
5,399 5,522 5,729 5,996 6,283 6,367 6,581 7,089 7,330 7,472 7,869
Total Preferred & Common Equity
5,383 5,513 5,721 5,987 6,272 6,357 6,568 7,071 7,318 7,457 7,858
Total Common Equity
5,383 5,513 5,721 5,987 6,272 6,357 6,568 7,071 7,318 7,457 7,858
Common Stock
2,719 2,869 2,904 2,944 3,003 3,090 3,136 3,405 3,444 3,644 3,774
Retained Earnings
4,163 4,246 4,400 4,661 4,858 4,963 5,138 5,417 5,707 5,836 6,051
Treasury Stock
-1,188 -1,292 -1,297 -1,300 -1,306 -1,383 -1,384 -1,447 -1,461 -1,652 -1,668
Accumulated Other Comprehensive Income / (Loss)
-311 -310 -286 -318 -283 -314 -323 -305 -373 -372 -299
Noncontrolling Interest
15 8.54 8.05 8.54 11 11 13 18 12 16 11

Annual Metrics And Ratios for Quanta Services

This table displays calculated financial ratios and metrics derived from Quanta Services' official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - - - - - - - - - -
Revenue Growth
20.83% -2.26% 1.04% 23.72% 18.01% 8.42% -7.51% 15.87% 31.54% 22.30% 13.36%
EBITDA Growth
-2.61% -28.17% 20.56% 12.95% 25.31% 24.23% 0.07% 20.47% 32.52% 19.70% 20.73%
EBIT Growth
-9.88% -45.04% 36.11% 16.78% 31.88% 29.45% -3.81% 12.17% 19.90% 38.81% 20.62%
NOPAT Growth
-8.67% -52.89% 53.37% 63.07% 2.53% 12.88% 22.61% 8.36% 20.96% 37.72% 18.00%
Net Income Growth
-25.21% 2.14% -37.82% 59.03% -6.98% 37.43% 11.10% 8.86% 4.00% 46.72% 23.52%
EPS Growth
-27.81% 17.78% -20.75% 58.73% -5.00% 43.68% 12.45% 8.79% -0.60% 50.60% 20.60%
Operating Cash Flow Growth
-38.13% 229.69% -52.16% -4.83% -3.52% 46.76% 111.94% -47.81% 94.08% 39.43% 32.06%
Free Cash Flow Firm Growth
517.09% 85.11% -84.22% -635.30% 111.53% -599.67% 268.90% -815.49% 120.81% -33.68% -238.50%
Invested Capital Growth
0.95% -8.80% 3.90% 20.54% 7.01% 13.45% 1.85% 61.42% 0.68% 5.65% 16.95%
Revenue Q/Q Growth
3.95% -1.32% 2.74% 4.13% 6.01% 0.00% -1.76% 8.45% 2.97% 7.01% 3.36%
EBITDA Q/Q Growth
0.89% -15.47% 28.29% -8.98% 14.59% 4.31% 2.30% 4.36% 7.79% 4.56% 9.17%
EBIT Q/Q Growth
-2.95% -26.15% 55.73% -14.80% 21.65% 3.98% 2.87% -4.81% 19.43% 4.73% 10.03%
NOPAT Q/Q Growth
-2.31% -30.33% 80.79% 11.08% -16.70% 14.20% 13.00% -9.42% 9.90% 6.77% 10.65%
Net Income Q/Q Growth
-24.15% -19.07% 87.26% 9.35% -16.33% 18.15% 12.91% -11.78% 15.29% 5.55% 11.64%
EPS Q/Q Growth
-25.82% -17.19% 82.61% 9.89% -15.56% 18.70% 13.28% -12.11% 13.70% 6.61% 11.46%
Operating Cash Flow Q/Q Growth
2,659.43% -2.96% -10.18% 3.21% -14.33% 1,326.00% -23.91% -4.30% 41.80% 36.38% -12.29%
Free Cash Flow Firm Q/Q Growth
161.07% -51.70% -38.21% 11.19% -66.04% 66.54% -61.10% -1,591.43% 123.61% 658.45% -28.95%
Invested Capital Q/Q Growth
-14.43% -5.36% -1.55% -1.65% -1.14% -8.04% 3.94% 46.66% -2.30% -4.97% -2.39%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
15.09% 12.20% 13.25% 13.12% 13.25% 13.21% 14.83% 15.05% 14.81% 14.07% 14.83%
EBITDA Margin
7.80% 5.73% 6.84% 6.25% 6.63% 7.60% 8.22% 8.55% 8.61% 8.43% 8.98%
Operating Margin
5.54% 3.14% 4.19% 4.00% 4.84% 4.58% 5.46% 5.11% 5.11% 5.40% 5.69%
EBIT Margin
5.52% 3.11% 4.18% 3.95% 4.41% 5.27% 5.48% 5.31% 4.84% 5.49% 5.84%
Profit (Net Income) Margin
4.07% 4.25% 2.62% 3.36% 2.65% 3.36% 4.03% 3.79% 3.00% 3.59% 3.92%
Tax Burden Percent
73.86% 140.73% 65.03% 89.96% 64.68% 71.09% 79.10% 78.98% 72.69% 77.39% 76.51%
Interest Burden Percent
99.68% 97.22% 96.11% 94.62% 92.82% 89.67% 93.07% 90.46% 85.25% 84.64% 87.68%
Effective Tax Rate
32.58% 42.62% 34.86% 10.04% 35.32% 28.91% 20.90% 21.02% 27.31% 22.61% 23.49%
Return on Invested Capital (ROIC)
7.67% 3.76% 5.93% 8.61% 7.80% 7.98% 9.12% 7.49% 7.31% 9.76% 10.33%
ROIC Less NNEP Spread (ROIC-NNEP)
3.44% -97.55% 3.05% 2.84% 0.95% 9.09% 6.25% 6.07% 3.73% 5.82% 7.08%
Return on Net Nonoperating Assets (RNNOA)
-0.48% 4.69% 0.29% 0.31% 0.20% 2.65% 1.64% 2.91% 2.42% 3.09% 3.29%
Return on Equity (ROE)
7.19% 8.45% 6.22% 8.92% 8.00% 10.62% 10.76% 10.39% 9.73% 12.85% 13.62%
Cash Return on Invested Capital (CROIC)
6.73% 12.96% 2.10% -10.02% 1.02% -4.63% 7.28% -39.50% 6.63% 4.26% -5.30%
Operating Return on Assets (OROA)
7.10% 4.10% 6.06% 6.32% 7.27% 8.28% 7.34% 6.48% 6.27% 7.72% 7.92%
Return on Assets (ROA)
5.23% 5.61% 3.79% 5.38% 4.37% 5.28% 5.40% 4.63% 3.89% 5.05% 5.31%
Return on Common Equity (ROCE)
7.17% 8.44% 6.22% 8.91% 7.99% 10.62% 10.75% 10.38% 9.71% 12.82% 13.60%
Return on Equity Simple (ROE_SIMPLE)
6.98% 10.43% 5.99% 8.39% 8.21% 10.04% 10.40% 9.62% 9.50% 11.97% 12.67%
Net Operating Profit after Tax (NOPAT)
289 136 209 341 349 394 484 524 634 873 1,030
NOPAT Margin
3.73% 1.80% 2.73% 3.60% 3.13% 3.26% 4.32% 4.04% 3.71% 4.18% 4.35%
Net Nonoperating Expense Percent (NNEP)
4.23% 101.31% 2.88% 5.77% 6.84% -1.11% 2.87% 1.42% 3.58% 3.94% 3.25%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - - 6.94% 8.33% 8.96%
Cost of Revenue to Revenue
84.91% 87.80% 86.75% 86.88% 86.75% 86.79% 85.17% 84.95% 85.19% 85.94% 85.17%
SG&A Expenses to Revenue
9.11% 7.83% 8.54% 8.22% 7.68% 7.89% 8.70% 8.91% 7.83% 7.45% 7.71%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
9.55% 9.06% 9.06% 9.12% 8.41% 8.63% 9.37% 9.94% 9.71% 8.66% 9.14%
Earnings before Interest and Taxes (EBIT)
428 235 320 374 493 638 614 689 826 1,146 1,382
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
604 434 523 591 741 920 921 1,110 1,470 1,760 2,125
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.35 1.03 1.55 1.57 1.20 1.41 2.29 3.18 3.77 4.99 6.37
Price to Tangible Book Value (P/TBV)
2.27 2.39 3.34 3.59 3.05 3.55 5.56 0.00 60.05 36.24 331.35
Price to Revenue (P/Rev)
0.78 0.42 0.68 0.63 0.39 0.47 0.89 1.25 1.19 1.50 1.97
Price to Earnings (P/E)
20.47 10.22 26.10 18.94 14.79 14.24 22.28 33.45 41.33 42.05 51.54
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.14% 0.42% 0.29% 0.21% 0.20% 0.15% 0.11%
Earnings Yield
4.89% 9.78% 3.83% 5.28% 6.76% 7.02% 4.49% 2.99% 2.42% 2.38% 1.94%
Enterprise Value to Invested Capital (EV/IC)
1.58 1.02 1.51 1.50 1.16 1.32 2.04 2.29 2.71 3.72 4.66
Enterprise Value to Revenue (EV/Rev)
0.77 0.47 0.71 0.69 0.48 0.57 0.98 1.52 1.38 1.64 2.12
Enterprise Value to EBITDA (EV/EBITDA)
9.88 8.14 10.37 11.00 7.25 7.53 11.88 17.83 16.06 19.45 23.57
Enterprise Value to EBIT (EV/EBIT)
13.96 15.03 16.96 17.39 10.89 10.86 17.82 28.73 28.61 29.87 36.22
Enterprise Value to NOPAT (EV/NOPAT)
20.66 25.94 25.98 19.08 15.36 17.57 22.62 37.75 37.26 39.21 48.61
Enterprise Value to Operating Cash Flow (EV/OCF)
24.12 4.33 13.90 17.48 14.96 13.16 9.80 33.97 20.90 21.72 24.06
Enterprise Value to Free Cash Flow (EV/FCFF)
23.54 7.53 73.24 0.00 117.27 0.00 28.32 0.00 41.07 89.75 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.02 0.16 0.11 0.18 0.31 0.34 0.27 0.73 0.69 0.67 0.57
Long-Term Debt to Equity
0.02 0.15 0.11 0.18 0.29 0.32 0.27 0.73 0.68 0.58 0.56
Financial Leverage
-0.14 -0.05 0.10 0.11 0.21 0.29 0.26 0.48 0.65 0.53 0.46
Leverage Ratio
1.37 1.51 1.64 1.66 1.83 2.01 1.99 2.25 2.50 2.54 2.57
Compound Leverage Factor
1.37 1.46 1.58 1.57 1.70 1.80 1.85 2.03 2.13 2.15 2.25
Debt to Total Capital
1.77% 13.51% 9.75% 15.04% 23.48% 25.22% 21.47% 42.32% 40.86% 40.06% 36.22%
Short-Term Debt to Total Capital
0.19% 0.20% 0.20% 0.03% 1.39% 1.38% 0.27% 0.33% 0.41% 5.11% 0.55%
Long-Term Debt to Total Capital
1.57% 13.31% 9.55% 15.01% 22.08% 23.84% 21.20% 41.99% 40.45% 34.95% 35.67%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.24% 0.07% 0.09% 0.09% 0.03% 0.07% 0.09% 0.05% 0.17% 0.11% 0.10%
Common Equity to Total Capital
97.99% 86.42% 90.16% 84.87% 76.49% 74.72% 78.44% 57.63% 58.97% 59.84% 63.68%
Debt to EBITDA
0.13 1.11 0.69 1.14 1.49 1.49 1.29 3.38 2.54 2.39 1.96
Net Debt to EBITDA
-0.18 0.81 0.48 0.90 1.39 1.31 1.09 3.18 2.25 1.65 1.61
Long-Term Debt to EBITDA
0.12 1.09 0.68 1.13 1.40 1.40 1.28 3.36 2.51 2.08 1.93
Debt to NOPAT
0.28 3.54 1.73 1.97 3.17 3.47 2.46 7.16 5.88 4.81 4.04
Net Debt to NOPAT
-0.38 2.60 1.19 1.57 2.94 3.05 2.08 6.73 5.21 3.33 3.32
Long-Term Debt to NOPAT
0.25 3.49 1.69 1.97 2.98 3.28 2.43 7.11 5.83 4.20 3.98
Altman Z-Score
4.15 3.20 3.90 3.71 3.31 3.22 3.80 3.00 3.60 4.01 4.52
Noncontrolling Interest Sharing Ratio
0.21% 0.18% 0.09% 0.10% 0.07% 0.06% 0.10% 0.10% 0.19% 0.23% 0.17%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.26 1.89 1.90 1.92 1.84 1.69 1.68 1.50 1.63 1.47 1.30
Quick Ratio
2.06 1.72 1.73 1.42 1.35 1.29 1.36 1.15 1.20 1.09 0.98
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
254 470 74 -397 46 -229 386 -2,764 575 381 -528
Operating Cash Flow to CapEx
106.43% 444.41% 205.03% 168.05% 137.04% 228.32% 496.74% 173.26% 310.95% 431.23% 395.34%
Free Cash Flow to Firm to Interest Expense
53.26 58.54 4.98 -18.95 1.24 -3.42 8.58 -40.12 4.62 2.04 -2.61
Operating Cash Flow to Interest Expense
51.99 101.79 26.25 17.75 9.71 7.87 24.79 8.45 9.09 8.43 10.27
Operating Cash Flow Less CapEx to Interest Expense
3.14 78.89 13.45 7.19 2.62 4.42 19.80 3.57 6.17 6.48 7.67
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.29 1.32 1.45 1.60 1.65 1.57 1.34 1.22 1.30 1.41 1.36
Accounts Receivable Turnover
4.14 3.76 3.91 4.78 5.15 4.75 4.10 4.24 4.83 5.17 4.94
Inventory Turnover
185.84 116.43 81.03 97.08 102.76 128.62 179.71 163.20 154.79 128.67 92.52
Fixed Asset Turnover
6.72 6.88 6.72 7.69 8.71 0.00 0.00 7.46 8.64 9.56 9.40
Accounts Payable Turnover
8.08 8.27 7.79 8.31 8.17 7.50 6.36 5.86 6.60 6.88 5.94
Days Sales Outstanding (DSO)
88.20 97.14 93.32 76.31 70.90 76.88 89.01 86.00 75.62 70.66 73.87
Days Inventory Outstanding (DIO)
1.96 3.13 4.50 3.76 3.55 2.84 2.03 2.24 2.36 2.84 3.95
Days Payable Outstanding (DPO)
45.15 44.12 46.88 43.94 44.67 48.68 57.37 62.30 55.31 53.03 61.40
Cash Conversion Cycle (CCC)
45.02 56.15 50.94 36.13 29.78 31.04 33.68 25.93 22.67 20.47 16.41
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
3,790 3,457 3,592 4,329 4,633 5,256 5,353 8,641 8,700 9,192 10,750
Invested Capital Turnover
2.05 2.09 2.17 2.39 2.49 2.45 2.11 1.86 1.97 2.33 2.37
Increase / (Decrease) in Invested Capital
35 -333 135 738 304 623 97 3,288 59 492 1,558
Enterprise Value (EV)
5,975 3,535 5,430 6,502 5,368 6,932 10,939 19,782 23,618 34,231 50,070
Market Capitalization
6,073 3,179 5,178 5,965 4,339 5,726 9,930 16,253 20,301 31,311 46,638
Book Value per Share
$20.74 $19.31 $22.09 $24.43 $24.60 $28.46 $31.28 $35.88 $37.67 $43.17 $49.57
Tangible Book Value per Share
$12.28 $8.31 $10.25 $10.69 $9.72 $11.34 $12.87 ($1.53) $2.37 $5.95 $0.95
Total Capital
4,607 3,570 3,704 4,468 4,712 5,421 5,538 8,871 9,129 10,482 11,492
Total Debt
81 482 361 672 1,106 1,367 1,189 3,754 3,730 4,199 4,162
Total Long-Term Debt
72 475 354 671 1,041 1,292 1,174 3,724 3,692 3,664 4,100
Net Debt
-109 354 249 534 1,027 1,202 1,004 3,525 3,301 2,908 3,420
Capital Expenditures (CapEx)
233 184 191 221 262 231 225 336 364 365 526
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,208 952 979 1,241 1,507 1,478 1,280 1,368 1,739 1,709 1,143
Debt-free Net Working Capital (DFNWC)
1,398 1,081 1,091 1,379 1,586 1,643 1,465 1,597 2,167 2,999 1,885
Net Working Capital (NWC)
1,389 1,074 1,084 1,378 1,520 1,568 1,450 1,568 2,130 2,464 1,823
Net Nonoperating Expense (NNE)
-26 -186 8.89 23 53 -12 32 32 122 122 103
Net Nonoperating Obligations (NNO)
-735 369 249 534 1,027 1,202 1,004 3,525 3,301 2,908 3,420
Total Depreciation and Amortization (D&A)
176 199 203 217 248 282 307 421 645 614 742
Debt-free, Cash-free Net Working Capital to Revenue
15.59% 12.57% 12.79% 13.11% 13.49% 12.20% 11.43% 10.54% 10.18% 8.18% 4.83%
Debt-free Net Working Capital to Revenue
18.05% 14.27% 14.26% 14.57% 14.19% 13.56% 13.07% 12.30% 12.69% 14.36% 7.96%
Net Working Capital to Revenue
17.93% 14.18% 14.16% 14.55% 13.61% 12.95% 12.94% 12.08% 12.47% 11.80% 7.70%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.35 $1.59 $1.26 $2.02 $1.92 $2.76 $3.15 $3.45 $3.42 $5.13 $6.16
Adjusted Weighted Average Basic Shares Outstanding
219.67M 195.11M 157.29M 156.12M 152.96M 145.71M 141.38M 140.82M 143.49M 145.22M 146.93M
Adjusted Diluted Earnings per Share
$1.35 $1.59 $1.26 $2.00 $1.90 $2.73 $3.07 $3.34 $3.32 $5.00 $6.03
Adjusted Weighted Average Diluted Shares Outstanding
219.69M 195.12M 157.29M 157.16M 154.23M 147.53M 145.25M 145.37M 147.99M 148.82M 150.06M
Adjusted Basic & Diluted Earnings per Share
$1.35 $1.59 $1.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
211.46M 159.78M 151.23M 154.23M 141.39M 142.51M 138.37M 142.69M 144.00M 145.75M 148.20M
Normalized Net Operating Profit after Tax (NOPAT)
289 170 214 388 374 414 491 534 648 878 1,036
Normalized NOPAT Margin
3.73% 2.24% 2.80% 4.10% 3.35% 3.42% 4.38% 4.11% 3.79% 4.20% 4.37%
Pre Tax Income Margin
5.51% 3.02% 4.02% 3.74% 4.10% 4.72% 5.10% 4.80% 4.12% 4.64% 5.12%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
89.81 29.31 21.51 17.85 13.35 9.54 13.64 9.99 6.64 6.13 6.82
NOPAT to Interest Expense
60.70 16.98 14.04 16.27 9.46 5.90 10.74 7.61 5.10 4.67 5.08
EBIT Less CapEx to Interest Expense
40.96 6.41 8.70 7.28 6.26 6.09 8.65 5.12 3.72 4.18 4.22
NOPAT Less CapEx to Interest Expense
11.85 -5.92 1.24 5.70 2.37 2.45 5.75 2.73 2.17 2.72 2.49
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
4.58% 5.88% 0.38% 0.63% 1.36% 6.33% 7.59% 6.92% 8.02% 6.36% 5.84%
Augmented Payout Ratio
34.25% 505.02% 0.38% 16.34% 151.07% 11.27% 62.29% 20.47% 33.00% 6.41% 5.84%

Quarterly Metrics And Ratios for Quanta Services

This table displays calculated financial ratios and metrics derived from Quanta Services' official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
12.57% 11.68% 19.30% 26.03% 30.96% 13.62% 10.81% 15.52% 13.30% 23.88% 21.07%
EBITDA Growth
34.25% -6.54% 24.93% 36.34% 18.41% 21.84% 9.04% 15.49% 36.17% 28.95% 24.30%
EBIT Growth
91.42% 15.04% 70.47% 51.17% 18.42% 34.78% 9.25% 9.47% 37.85% 32.78% 21.23%
NOPAT Growth
49.37% 19.58% 35.23% 59.48% 29.47% 2.01% 11.95% 8.36% 41.75% 41.71% 22.95%
Net Income Growth
63.83% 14.04% 73.24% 74.98% 22.67% 30.03% 15.19% 9.32% 45.26% 18.14% 21.70%
EPS Growth
57.14% 12.28% 89.83% 72.64% 28.18% 23.44% 12.50% 6.56% 43.97% 21.52% 20.63%
Operating Cash Flow Growth
133.30% -54.86% 7.31% 18.42% 72.10% 519.53% 207.12% 81.98% -29.05% 2.20% -24.43%
Free Cash Flow Firm Growth
103.95% 81.87% 82.58% 83.83% -302.69% 100.91% 148.11% -120.14% -381.59% -32,329.98% -963.30%
Invested Capital Growth
0.68% 7.91% 8.29% 8.62% 5.65% 1.36% -0.41% 13.86% 16.95% 19.13% 26.23%
Revenue Q/Q Growth
-0.97% 0.28% 13.99% 11.33% 2.90% -13.00% 11.18% 16.07% 0.93% -4.88% 8.66%
EBITDA Q/Q Growth
3.38% -31.71% 52.05% 27.01% -10.22% -29.73% 36.08% 34.52% 5.86% -33.46% 31.17%
EBIT Q/Q Growth
7.20% -52.45% 111.40% 40.29% -16.02% -45.88% 71.36% 40.57% 5.74% -47.87% 56.45%
NOPAT Q/Q Growth
-6.00% -29.04% 51.13% 58.20% -23.69% -44.09% 65.85% 53.13% -0.17% -44.11% 43.90%
Net Income Q/Q Growth
11.40% -44.31% 71.79% 64.20% -21.90% -40.97% 52.18% 55.83% 3.77% -51.99% 56.76%
EPS Q/Q Growth
3.77% -41.82% 75.00% 63.39% -22.95% -43.97% 59.49% 54.76% 4.10% -52.71% 58.33%
Operating Cash Flow Q/Q Growth
69.83% -93.41% 231.73% 219.11% 146.82% -76.29% 64.45% 89.09% -3.77% -65.84% 21.59%
Free Cash Flow Firm Q/Q Growth
104.44% -548.09% 3.65% 15.66% 44.33% 102.01% 5,005.64% -485.93% -21.78% -34.32% -36.76%
Invested Capital Q/Q Growth
-2.30% 8.38% 2.08% 0.49% -4.97% 3.97% 0.30% 14.89% -2.39% 5.91% 6.27%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
15.11% 12.94% 14.34% 15.07% 13.70% 12.39% 14.50% 15.59% 16.23% 13.38% 14.88%
EBITDA Margin
9.43% 6.42% 8.57% 9.78% 8.53% 6.89% 8.43% 9.77% 10.25% 7.17% 8.66%
Operating Margin
5.87% 2.84% 5.53% 7.12% 5.58% 3.09% 5.49% 6.64% 6.91% 3.84% 5.47%
EBIT Margin
6.37% 3.02% 5.60% 7.06% 5.76% 3.58% 5.52% 6.69% 7.01% 3.84% 5.53%
Profit (Net Income) Margin
3.94% 2.19% 3.30% 4.87% 3.69% 2.51% 3.43% 4.61% 4.73% 2.39% 3.45%
Tax Burden Percent
70.88% 103.66% 70.60% 77.92% 73.81% 85.67% 71.84% 78.39% 74.53% 78.88% 73.29%
Interest Burden Percent
87.36% 69.96% 83.47% 88.52% 86.90% 81.66% 86.48% 87.86% 90.69% 78.91% 85.10%
Effective Tax Rate
29.12% -3.66% 29.40% 22.08% 26.19% 14.33% 28.16% 21.61% 25.47% 21.12% 26.71%
Return on Invested Capital (ROIC)
8.20% 5.69% 7.74% 11.66% 9.61% 5.99% 9.05% 11.53% 12.22% 7.19% 9.63%
ROIC Less NNEP Spread (ROIC-NNEP)
7.91% 4.79% 6.94% 10.62% 8.82% 5.79% 8.21% 10.50% 11.37% 6.07% 8.58%
Return on Net Nonoperating Assets (RNNOA)
5.14% 3.37% 4.88% 7.00% 4.69% 3.46% 4.60% 6.10% 5.28% 3.12% 4.30%
Return on Equity (ROE)
13.33% 9.06% 12.63% 18.66% 14.30% 9.44% 13.65% 17.63% 17.51% 10.30% 13.92%
Cash Return on Invested Capital (CROIC)
6.63% -0.42% -0.37% 0.54% 4.26% 7.94% 9.83% -3.96% -5.30% -7.11% -12.72%
Operating Return on Assets (OROA)
8.26% 3.91% 7.40% 9.67% 8.10% 5.20% 7.93% 8.99% 9.50% 5.51% 8.04%
Return on Assets (ROA)
5.12% 2.84% 4.36% 6.67% 5.19% 3.64% 4.93% 6.19% 6.42% 3.43% 5.02%
Return on Common Equity (ROCE)
13.31% 9.05% 12.60% 18.63% 14.26% 9.43% 13.63% 17.59% 17.48% 10.28% 13.90%
Return on Equity Simple (ROE_SIMPLE)
0.00% 9.50% 10.38% 11.88% 0.00% 12.27% 12.26% 11.75% 0.00% 12.74% 0.00%
Net Operating Profit after Tax (NOPAT)
184 130 197 312 238 133 221 338 337 189 271
NOPAT Margin
4.16% 2.95% 3.91% 5.55% 4.12% 2.64% 3.95% 5.21% 5.15% 3.03% 4.01%
Net Nonoperating Expense Percent (NNEP)
0.28% 0.89% 0.80% 1.04% 0.79% 0.20% 0.84% 1.03% 0.86% 1.12% 1.05%
Return On Investment Capital (ROIC_SIMPLE)
2.01% - - - 2.27% - - - 2.94% 1.58% 2.15%
Cost of Revenue to Revenue
84.89% 87.06% 85.66% 84.93% 86.30% 87.61% 85.50% 84.41% 83.77% 86.62% 85.12%
SG&A Expenses to Revenue
7.72% 8.68% 7.61% 6.88% 6.91% 8.00% 7.73% 7.45% 7.72% 7.92% 7.80%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
9.24% 10.10% 8.81% 7.95% 8.13% 9.30% 9.01% 8.95% 9.32% 9.54% 9.41%
Earnings before Interest and Taxes (EBIT)
281 134 283 397 333 180 309 434 459 239 374
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
417 285 433 549 493 347 472 635 672 447 586
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
3.77 4.34 4.98 4.53 4.99 5.93 5.66 6.21 6.37 5.05 7.13
Price to Tangible Book Value (P/TBV)
60.05 170.08 69.21 37.43 36.24 56.76 42.91 0.00 331.35 0.00 216.39
Price to Revenue (P/Rev)
1.19 1.37 1.55 1.39 1.50 1.76 1.69 1.92 1.97 1.51 2.15
Price to Earnings (P/E)
41.33 47.72 49.14 38.95 42.05 49.11 47.05 54.17 51.54 40.46 57.64
Dividend Yield
0.20% 0.17% 0.16% 0.17% 0.15% 0.13% 0.13% 0.12% 0.11% 0.15% 0.10%
Earnings Yield
2.42% 2.10% 2.04% 2.57% 2.38% 2.04% 2.13% 1.85% 1.94% 2.47% 1.73%
Enterprise Value to Invested Capital (EV/IC)
2.71 2.95 3.36 3.19 3.72 4.28 4.19 4.35 4.66 3.65 4.98
Enterprise Value to Revenue (EV/Rev)
1.38 1.59 1.76 1.58 1.64 1.90 1.82 2.09 2.12 1.67 2.31
Enterprise Value to EBITDA (EV/EBITDA)
16.06 19.20 21.07 18.30 19.45 22.46 21.60 24.59 23.57 18.69 25.76
Enterprise Value to EBIT (EV/EBIT)
28.61 33.04 33.73 28.16 29.87 34.31 32.99 38.09 36.22 28.85 39.99
Enterprise Value to NOPAT (EV/NOPAT)
37.26 42.65 46.09 37.68 39.21 46.40 44.43 51.40 48.61 38.36 53.11
Enterprise Value to Operating Cash Flow (EV/OCF)
20.90 25.70 29.64 26.66 21.72 23.05 19.71 20.17 24.06 19.93 30.27
Enterprise Value to Free Cash Flow (EV/FCFF)
41.07 0.00 0.00 612.64 89.75 54.28 42.59 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.69 0.75 0.74 0.66 0.67 0.58 0.54 0.66 0.57 0.59 0.60
Long-Term Debt to Equity
0.68 0.74 0.74 0.66 0.58 0.50 0.45 0.58 0.56 0.58 0.59
Financial Leverage
0.65 0.70 0.70 0.66 0.53 0.60 0.56 0.58 0.46 0.51 0.50
Leverage Ratio
2.50 2.54 2.56 2.54 2.54 2.49 2.49 2.60 2.57 2.51 2.48
Compound Leverage Factor
2.19 1.77 2.13 2.25 2.21 2.03 2.15 2.29 2.33 1.98 2.11
Debt to Total Capital
40.86% 42.75% 42.63% 39.91% 40.06% 36.88% 34.87% 39.81% 36.22% 37.24% 37.60%
Short-Term Debt to Total Capital
0.41% 0.41% 0.41% 0.45% 5.11% 5.42% 5.44% 4.72% 0.55% 0.62% 0.69%
Long-Term Debt to Total Capital
40.45% 42.34% 42.22% 39.46% 34.95% 31.46% 29.43% 35.08% 35.67% 36.62% 36.91%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.17% 0.09% 0.08% 0.09% 0.11% 0.11% 0.13% 0.16% 0.10% 0.13% 0.09%
Common Equity to Total Capital
58.97% 57.16% 57.29% 60.01% 59.84% 63.01% 65.00% 60.04% 63.68% 62.63% 62.32%
Debt to EBITDA
2.54 2.84 2.77 2.37 2.39 2.04 1.89 2.41 1.96 1.99 2.03
Net Debt to EBITDA
2.25 2.69 2.54 2.18 1.65 1.75 1.61 2.02 1.61 1.76 1.81
Long-Term Debt to EBITDA
2.51 2.82 2.74 2.34 2.08 1.74 1.60 2.12 1.93 1.96 1.99
Debt to NOPAT
5.88 6.32 6.06 4.87 4.81 4.22 3.89 5.04 4.04 4.09 4.18
Net Debt to NOPAT
5.21 5.98 5.55 4.50 3.33 3.62 3.32 4.21 3.32 3.61 3.73
Long-Term Debt to NOPAT
5.83 6.25 6.00 4.82 4.20 3.60 3.29 4.44 3.98 4.02 4.10
Altman Z-Score
3.47 3.57 3.83 3.77 3.84 4.47 4.40 4.03 4.36 3.82 4.73
Noncontrolling Interest Sharing Ratio
0.19% 0.12% 0.19% 0.13% 0.23% 0.16% 0.17% 0.21% 0.17% 0.19% 0.17%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.63 1.63 1.68 1.61 1.47 1.36 1.30 1.23 1.30 1.31 1.37
Quick Ratio
1.20 1.13 1.18 1.11 1.09 0.96 0.93 0.91 0.98 0.97 0.99
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
125 -560 -540 -455 -254 5.09 260 -1,003 -1,221 -1,640 -2,243
Operating Cash Flow to CapEx
837.34% 47.82% 121.03% 320.71% 1,139.84% 286.21% 242.36% 369.14% 521.35% 193.87% 236.05%
Free Cash Flow to Firm to Interest Expense
3.34 -13.44 -11.21 -9.58 -5.12 0.12 5.73 -16.72 -21.67 -30.20 -37.64
Operating Cash Flow to Interest Expense
15.58 0.92 2.64 8.55 20.27 5.79 8.63 12.34 12.64 4.48 4.96
Operating Cash Flow Less CapEx to Interest Expense
13.72 -1.01 0.46 5.89 18.49 3.77 5.07 9.00 10.21 2.17 2.86
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.30 1.30 1.32 1.37 1.41 1.45 1.44 1.35 1.36 1.43 1.45
Accounts Receivable Turnover
4.83 5.01 4.83 4.90 5.17 5.55 5.18 4.83 4.94 5.30 5.31
Inventory Turnover
154.79 118.24 124.20 127.50 128.67 96.47 96.81 89.43 92.52 86.79 84.81
Fixed Asset Turnover
8.64 8.42 8.62 9.04 9.56 9.30 9.38 9.27 9.40 9.52 9.74
Accounts Payable Turnover
6.60 6.68 6.43 6.21 6.88 7.51 6.63 5.64 5.94 6.58 6.46
Days Sales Outstanding (DSO)
75.62 72.86 75.51 74.54 70.66 65.74 70.46 75.56 73.87 68.85 68.77
Days Inventory Outstanding (DIO)
2.36 3.09 2.94 2.86 2.84 3.78 3.77 4.08 3.95 4.21 4.30
Days Payable Outstanding (DPO)
55.31 54.65 56.76 58.77 53.03 48.60 55.03 64.67 61.40 55.43 56.47
Cash Conversion Cycle (CCC)
22.67 21.30 21.68 18.64 20.47 20.93 19.20 14.97 16.41 17.63 16.60
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
8,700 9,429 9,625 9,672 9,192 9,557 9,586 11,013 10,750 11,386 12,100
Invested Capital Turnover
1.97 1.93 1.98 2.10 2.33 2.26 2.29 2.21 2.37 2.38 2.40
Increase / (Decrease) in Invested Capital
59 691 737 767 492 128 -39 1,341 1,558 1,829 2,514
Enterprise Value (EV)
23,618 27,853 32,380 30,809 34,231 40,919 40,201 47,856 50,070 41,584 60,258
Market Capitalization
20,301 23,938 28,476 27,124 31,311 37,719 37,183 43,913 46,638 37,655 56,016
Book Value per Share
$37.67 $38.29 $39.41 $41.24 $43.17 $43.56 $44.86 $47.99 $49.57 $50.32 $53.02
Tangible Book Value per Share
$2.37 $0.98 $2.83 $4.99 $5.95 $4.55 $5.92 ($1.21) $0.95 ($0.42) $1.75
Total Capital
9,129 9,646 9,987 9,978 10,482 10,088 10,104 11,777 11,492 11,906 12,609
Total Debt
3,730 4,124 4,258 3,982 4,199 3,721 3,523 4,688 4,162 4,434 4,741
Total Long-Term Debt
3,692 4,084 4,217 3,937 3,664 3,174 2,974 4,132 4,100 4,360 4,654
Net Debt
3,301 3,907 3,896 3,677 2,908 3,190 3,005 3,924 3,420 3,913 4,231
Capital Expenditures (CapEx)
70 80 105 127 88 83 161 200 137 125 125
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,739 1,966 2,238 2,282 1,709 1,768 1,603 1,313 1,143 1,397 1,778
Debt-free Net Working Capital (DFNWC)
2,167 2,183 2,600 2,588 2,999 2,299 2,121 2,077 1,885 1,918 2,287
Net Working Capital (NWC)
2,130 2,143 2,559 2,543 2,464 1,752 1,572 1,521 1,823 1,844 2,200
Net Nonoperating Expense (NNE)
9.72 33 31 38 24 7.00 29 39 27 40 38
Net Nonoperating Obligations (NNO)
3,301 3,907 3,896 3,677 2,908 3,190 3,005 3,924 3,420 3,913 4,231
Total Depreciation and Amortization (D&A)
135 151 150 153 160 166 163 200 213 208 212
Debt-free, Cash-free Net Working Capital to Revenue
10.18% 11.21% 12.19% 11.70% 8.18% 8.23% 7.27% 5.73% 4.83% 5.62% 6.82%
Debt-free Net Working Capital to Revenue
12.69% 12.45% 14.17% 13.26% 14.36% 10.70% 9.63% 9.07% 7.96% 7.71% 8.78%
Net Working Capital to Revenue
12.47% 12.22% 13.94% 13.03% 11.80% 8.16% 7.13% 6.64% 7.70% 7.41% 8.45%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.13 $0.66 $1.14 $1.88 $1.45 $0.81 $1.28 $1.99 $2.08 $0.97 $1.54
Adjusted Weighted Average Basic Shares Outstanding
143.49M 144.47M 145.42M 145.46M 145.22M 145.94M 146.58M 147.39M 146.93M 148.27M 148.45M
Adjusted Diluted Earnings per Share
$1.10 $0.64 $1.12 $1.83 $1.41 $0.79 $1.26 $1.95 $2.03 $0.96 $1.52
Adjusted Weighted Average Diluted Shares Outstanding
147.99M 148.66M 148.77M 148.79M 148.82M 149.35M 149.79M 150.56M 150.06M 150.96M 150.92M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
144.00M 145.18M 145.20M 145.28M 145.75M 146.39M 147.33M 147.61M 148.20M 148.20M 149.01M
Normalized Net Operating Profit after Tax (NOPAT)
184 88 197 313 242 134 222 339 341 192 279
Normalized NOPAT Margin
4.17% 1.99% 3.91% 5.56% 4.19% 2.66% 3.96% 5.22% 5.20% 3.08% 4.12%
Pre Tax Income Margin
5.56% 2.11% 4.67% 6.25% 5.00% 2.93% 4.77% 5.87% 6.35% 3.03% 4.70%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
7.51 3.21 5.87 8.34 6.73 4.39 6.81 7.24 8.15 4.41 6.28
NOPAT to Interest Expense
4.91 3.13 4.09 6.56 4.81 3.24 4.87 5.64 5.99 3.47 4.56
EBIT Less CapEx to Interest Expense
5.65 1.28 3.68 5.68 4.95 2.36 3.25 3.90 5.72 2.10 4.18
NOPAT Less CapEx to Interest Expense
3.05 1.20 1.91 3.90 3.03 1.22 1.31 2.29 3.56 1.16 2.45
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
8.02% 8.12% 7.51% 6.48% 6.36% 6.24% 6.24% 6.32% 5.84% 5.88% 5.80%
Augmented Payout Ratio
33.00% 8.12% 7.51% 6.48% 6.41% 6.24% 6.24% 6.32% 5.84% 18.36% 19.37%

Key Financial Trends

Quanta Services (NYSE: PWR) has demonstrated consistent revenue growth over the past several years, increasing from approximately $4.4 billion in Q4 2022 to over $6.2 billion in Q1 2025. This reflects a strong expansion of its operational scale and market demand for its services.

Revenue and Profitability Trends:

  • Operating revenue rose from $4.4 billion in Q4 2022 to $6.2 billion in Q1 2025, showing sustained top-line growth.
  • Gross profit improved from $668 million in Q4 2022 to over $834 million in Q1 2025, indicating better cost control or favorable pricing.
  • Gross margin has fluctuated moderately but remains solid, implying stable operational efficiency amidst market changes.
  • Operating income dropped from $259 million in Q4 2022 to $239 million in Q1 2025, largely due to higher operating expenses including selling, general and administrative costs and amortization.
  • Interest expenses have increased over time, reducing pre-tax income—interest expense was $37 million in Q4 2022 versus $54 million in Q1 2025.
  • Net income attributable to common shareholders declined from $162 million in Q4 2022 to about $144 million in Q1 2025, reflecting margin pressure.
  • Diluted earnings per share showed some volatility, with $1.10 in Q4 2022 versus $0.96 in Q1 2025, influenced by share count and net income variations.

Cash Flow and Capital Investments:

  • Operating cash flow remained strong, with $583 million generated in Q4 2022 and $243 million in Q1 2025, supporting ongoing business needs.
  • Significant capital expenditures and acquisitions were noted, with purchases of property, plant and equipment around $73-$161 million quarterly and acquisitions ranging from $17 million to over $394 million in Q1 2025, indicating growth investment but also heavy cash outflows.
  • Net cash used in investing activities was consistently negative due to acquisitions and capital spending, reaching a $520 million outflow in Q1 2025.
  • Financing activities showed high levels of debt issuance and repayments, reflecting active capital structure management but potential volatility in leverage.
  • Dividend payments were steady but modest relative to earnings, around $0.07 to $0.09 per share quarterly, indicating a balanced shareholder return policy.

Balance Sheet and Financial Position:

  • Total assets grew from $13.5 billion at the end of 2022 to $19.1 billion in Q1 2025, driven by increases in goodwill, intangible assets, and plant property & equipment.
  • Long-term debt increased from about $3.7 billion to $4.4 billion over the period, raising leverage concerns despite growth in equity.
  • Cash and equivalents fluctuated significantly, ending at about $521 million in Q1 2025, impacted by capital expenditures and debt activities.
  • Equity increased from $5.4 billion in 2022 to approximately $7.5 billion in Q1 2025, reflecting retained earnings growth and accumulated comprehensive income effects.
  • The company's current liabilities and other operating liabilities have risen proportionately, consistent with its asset growth and operational scale.

Summary:

Quanta Services has shown solid revenue and asset growth over the recent four-year span, with steady cash flow generation supporting its investment and operational needs. However, operating income and net income have experienced margin pressure, partly from rising interest expenses and increased operating costs. The company has also actively managed its capital structure with significant debt issuance and repayment cycles. Investors should note the heavy capital investment and acquisitions which fuel growth but also increase leverage and cash outflow. Overall, Quanta Services appears positioned for continued growth but faces challenges in maintaining profitability and managing financial risk.

08/06/25 03:31 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Quanta Services' Financials

When does Quanta Services' fiscal year end?

According to the most recent income statement we have on file, Quanta Services' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Quanta Services' net income changed over the last 10 years?

Quanta Services' net income appears to be on an upward trend, with a most recent value of $927.28 million in 2024, rising from $315.08 million in 2014. The previous period was $750.69 million in 2023.

What is Quanta Services' operating income?
Quanta Services' total operating income in 2024 was $1.35 billion, based on the following breakdown:
  • Total Gross Profit: $3.51 billion
  • Total Operating Expenses: $2.16 billion
How has Quanta Services' revenue changed over the last 10 years?

Over the last 10 years, Quanta Services' total revenue changed from $7.75 billion in 2014 to $23.67 billion in 2024, a change of 205.6%.

How much debt does Quanta Services have?

Quanta Services' total liabilities were at $11.35 billion at the end of 2024, a 14.1% increase from 2023, and a 557.1% increase since 2014.

How much cash does Quanta Services have?

In the past 10 years, Quanta Services' cash and equivalents has ranged from $78.69 million in 2018 to $1.29 billion in 2023, and is currently $741.96 million as of their latest financial filing in 2024.

How has Quanta Services' book value per share changed over the last 10 years?

Over the last 10 years, Quanta Services' book value per share changed from 20.74 in 2014 to 49.57 in 2024, a change of 139.0%.



This page (CNSX:PWR) was last updated on 8/6/2025 by MarketBeat.com Staff
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