Quanta Services (PWR) Financials

$271.97 -2.33 (-0.85%)

As of 03:04 PM Eastern

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	311	198	315	293	402	446	486	491	745	905
Consolidated Net Income / (Loss)	322	200	318	296	407	452	492	512	751	927
Net Income / (Loss) Continuing Operations	131	200	318	296	407	452	492	512	751	927
Total Pre-Tax Income	229	308	354	458	572	571	623	704	970	1,212
Total Operating Income	238	321	379	540	555	611	664	872	1,128	1,346
Total Gross Profit	924	1,014	1,242	1,480	1,600	1,661	1,953	2,529	2,937	3,511
Total Revenue	7,572	7,651	9,466	11,171	12,112	11,203	12,980	17,074	20,882	23,673
Operating Revenue	7,572	7,651	9,466	11,171	12,112	11,203	12,980	17,074	20,882	23,673
Total Cost of Revenue	6,649	6,638	8,225	9,691	10,512	9,542	11,027	14,545	17,945	20,162
Operating Cost of Revenue	6,649	6,638	8,225	9,691	10,512	9,542	11,027	14,545	17,945	20,162
Total Operating Expenses	686	693	863	940	1,045	1,049	1,290	1,657	1,809	2,164
Selling, General & Admin Expense	593	653	778	858	956	975	1,156	1,337	1,555	1,825
Amortization Expense	35	32	32	44	62	77	165	354	289	383
Other Operating Expenses / (Income)	-	-	-	0.00	-	-11	-44	-52	-42	-50
Impairment Charge	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	-8.83	-13	-25	-83	17	-40	-41	-168	-158	-134
Interest Expense	8.02	15	21	37	67	45	69	124	187	203
Interest & Investment Income	1.49	2.42	0.83	1.56	0.93	2.45	3.19	2.61	11	32
Other Income / (Expense), net	-2.30	-0.66	-4.98	-47	83	2.54	25	-46	18	36
Income Tax Expense	97	107	36	162	165	119	131	192	219	285
Net Income / (Loss) Attributable to Noncontrolling Interest	11	1.72	3.25	2.66	4.77	6.36	6.03	20	6.00	22
Basic Earnings per Share	$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	195.11M	157.29M	156.12M	152.96M	145.71M	141.38M	140.82M	143.49M	145.22M	146.93M
Diluted Earnings per Share	$1.59	$1.26	$2.00	$1.90	$2.73	$3.07	$3.34	$3.32	$5.00	$6.03
Weighted Average Diluted Shares Outstanding	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	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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	156	163	95	166	273	211	118	188	293	305
Consolidated Net Income / (Loss)	156	174	97	167	274	214	126	192	299	310
Net Income / (Loss) Continuing Operations	156	174	97	167	274	214	126	192	299	310
Total Pre-Tax Income	229	246	94	236	351	289	147	267	381	416
Total Operating Income	287	259	126	279	400	323	155	307	431	453
Total Gross Profit	689	668	573	724	847	792	623	811	1,013	1,063
Total Revenue	4,460	4,417	4,429	5,049	5,621	5,784	5,032	5,594	6,493	6,553
Operating Revenue	4,460	4,417	4,429	5,049	5,621	5,784	5,032	5,594	6,493	6,553
Total Cost of Revenue	3,771	3,749	3,856	4,325	4,773	4,991	4,408	4,783	5,481	5,490
Operating Cost of Revenue	3,771	3,749	3,856	4,325	4,773	4,991	4,408	4,783	5,481	5,490
Total Operating Expenses	402	408	447	445	447	470	468	504	581	611
Selling, General & Admin Expense	347	341	385	384	387	400	402	432	484	506
Amortization Expense	67	63	72	70	71	75	78	79	110	116
Other Operating Expenses / (Income)	-11	-8.12	-9.62	-9.37	-12	-11	-12	-8.59	-14	-16
Other Special Charges / (Income)	-1.92	0.37	0.00	0.00	0.80	5.77	0.62	1.12	1.12	4.20
Total Other Income / (Expense), net	-58	-14	-32	-43	-49	-33	-8.17	-40	-50	-36
Interest Expense	34	37	42	48	48	50	41	45	60	56
Interest & Investment Income	0.44	1.88	1.52	1.45	1.99	5.87	8.02	3.56	7.24	14
Other Income / (Expense), net	-24	22	7.87	3.42	-3.74	11	25	1.62	2.99	6.35
Income Tax Expense	73	72	-3.42	69	78	76	21	75	82	106
Net Income / (Loss) Attributable to Noncontrolling Interest	0.36	12	1.92	0.69	0.69	2.70	7.73	3.73	5.84	5.17
Basic Earnings per Share	$1.09	$1.13	$0.66	$1.14	$1.88	$1.45	$0.81	$1.28	$1.99	$2.08
Weighted Average Basic Shares Outstanding	143.35M	143.49M	144.47M	145.42M	145.46M	145.22M	145.94M	146.58M	147.39M	146.93M
Diluted Earnings per Share	$1.06	$1.10	$0.64	$1.12	$1.83	$1.41	$0.79	$1.26	$1.95	$2.03
Weighted Average Diluted Shares Outstanding	147.68M	147.99M	148.66M	148.77M	148.79M	148.82M	149.35M	149.79M	150.56M	150.06M
Weighted Average Basic & Diluted Shares Outstanding	142.90M	144.00M	145.18M	145.20M	145.28M	145.75M	146.39M	147.33M	147.61M	148.20M

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	65	215	-209	144	-58	985	-762	-12	247	-23
Net Cash From Operating Activities	343	583	38	127	407	1,004	238	391	740	712
Net Cash From Continuing Operating Activities	343	583	38	127	407	1,004	238	391	740	710
Net Income / (Loss) Continuing Operations	156	174	97	167	274	214	126	192	299	310
Consolidated Net Income / (Loss)	156	174	97	167	274	214	126	192	299	310
Depreciation Expense	74	72	78	80	81	85	89	84	90	97
Amortization Expense	67	63	72	70	71	75	78	79	110	116
Non-Cash Adjustments To Reconcile Net Income	-118	111	-161	-17	-211	237	159	83	29	135
Changes in Operating Assets and Liabilities, net	164	162	-48	-172	191	393	-213	-46	211	52
Net Cash From Investing Activities	-265	-141	-489	-79	-155	-267	-387	-203	-1,538	-167
Net Cash From Continuing Investing Activities	-265	-141	-489	-79	-155	-267	-387	-203	-1,538	-167
Purchase of Property, Plant & Equipment	-106	-90	-80	-105	-140	-109	-83	-161	-212	-147
Acquisitions	-173	-17	-452	-	-20	-179	-384	-67	-1,274	-21
Purchase of Investments	-3.97	-57	-	-	-	-1.03	-	-	-	-9.26
Sale of Property, Plant & Equipment	-	21	-	-	13	21	-	-	12	10
Other Investing Activities, net	-25	-0.76	4.88	-12	-1.28	0.73	54	-32	8.81	-0.04
Net Cash From Financing Activities	-13	-227	243	94	-305	237	-603	-203	1,034	-533
Net Cash From Continuing Financing Activities	-13	-227	243	94	-305	237	-603	-203	1,034	-533
Repayment of Debt	-2,502	-4,089	-4,067	-5,347	-4,745	-3,583	-3,277	-4,339	-5,120	-8,483
Payment of Dividends	-10	-10	-13	-12	-12	-12	-14	-13	-14	-13
Issuance of Debt	2,523	3,888	4,431	5,454	4,454	3,839	2,764	4,151	6,230	7,978
Other Financing Activities, net	-2.42	-3.95	-109	-2.08	-2.65	-6.38	-76	-2.09	-63	-15
Other Net Changes in Cash	-	0.54	-	-	-4.82	11	-	-	11	-35

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	13,297	13,464	14,039	14,741	15,188	16,237	15,542	15,929	18,866	18,684
Total Current Assets	5,348	5,536	5,571	6,322	6,735	7,677	6,583	6,888	8,046	7,851
Cash & Equivalents	215	429	217	362	305	1,290	531	518	764	742
Accounts Receivable	3,638	3,675	3,645	4,075	4,332	4,411	4,095	4,431	5,150	5,171
Inventories, net	98	103	159	157	164	176	224	235	276	260
Prepaid Expenses	269	250	262	371	349	387	458	476	527	469
Other Current Assets	1,127	1,080	1,287	1,357	1,585	1,413	1,275	1,228	1,329	1,209
Plant, Property, & Equipment, net	2,025	2,030	2,191	2,234	2,290	2,337	2,427	2,464	2,649	2,700
Total Noncurrent Assets	5,924	5,898	6,277	6,185	6,163	6,223	6,532	6,578	8,171	8,133
Goodwill	3,579	3,587	3,873	3,885	3,900	4,046	4,284	4,314	5,282	5,316
Intangible Assets	1,519	1,459	1,500	1,424	1,362	1,362	1,408	1,387	1,967	1,861
Other Noncurrent Operating Assets	826	852	905	875	900	815	840	877	922	956
Total Liabilities & Shareholders' Equity	13,297	13,464	14,039	14,741	15,188	16,237	15,542	15,929	18,866	18,684
Total Liabilities	8,095	8,066	8,517	9,012	9,193	9,954	9,175	9,348	11,777	11,354
Total Current Liabilities	3,346	3,406	3,427	3,764	4,192	5,213	4,831	5,316	6,525	6,029
Short-Term Debt	32	37	40	41	45	535	547	549	556	63
Accounts Payable	2,410	2,153	2,168	2,517	2,969	3,061	2,758	3,199	3,999	3,722
Current Deferred Revenue	830	1,142	1,143	1,129	1,101	1,539	1,443	1,483	1,875	2,149
Other Current Liabilities	74	74	76	77	78	78	84	85	95	94
Total Noncurrent Liabilities	4,749	4,659	5,090	5,248	5,000	4,741	4,344	4,032	5,252	5,326
Long-Term Debt	3,887	3,692	4,084	4,217	3,937	3,664	3,174	2,974	4,132	4,100
Noncurrent Deferred & Payable Income Tax Liabilities	227	228	236	255	264	254	298	312	337	353
Other Noncurrent Operating Liabilities	635	739	769	777	799	823	872	747	783	873
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,202	5,399	5,522	5,729	5,996	6,283	6,367	6,581	7,089	7,330
Total Preferred & Common Equity	5,196	5,383	5,513	5,721	5,987	6,272	6,357	6,568	7,071	7,318
Total Common Equity	5,196	5,383	5,513	5,721	5,987	6,272	6,357	6,568	7,071	7,318
Common Stock	2,692	2,719	2,869	2,904	2,944	3,003	3,090	3,136	3,405	3,444
Retained Earnings	4,012	4,163	4,246	4,400	4,661	4,858	4,963	5,138	5,417	5,707
Treasury Stock	-1,173	-1,188	-1,292	-1,297	-1,300	-1,306	-1,383	-1,384	-1,447	-1,461
Accumulated Other Comprehensive Income / (Loss)	-335	-311	-310	-286	-318	-283	-314	-323	-305	-373
Noncontrolling Interest	5.52	15	8.54	8.05	8.54	11	11	13	18	12

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.26%	1.04%	23.72%	18.01%	8.42%	-7.51%	15.87%	31.54%	22.30%	13.36%
EBITDA Growth	-28.17%	20.56%	12.95%	25.31%	24.23%	0.07%	20.47%	32.52%	19.70%	20.73%
EBIT Growth	-45.04%	36.11%	16.78%	31.88%	29.45%	-3.81%	12.17%	19.90%	38.81%	20.62%
NOPAT Growth	-52.89%	53.37%	63.07%	2.53%	12.88%	22.61%	8.36%	20.96%	37.72%	18.00%
Net Income Growth	2.14%	-37.82%	59.03%	-6.98%	37.43%	11.10%	8.86%	4.00%	46.72%	23.52%
EPS Growth	17.78%	-20.75%	58.73%	-5.00%	43.68%	12.45%	8.79%	-0.60%	50.60%	20.60%
Operating Cash Flow Growth	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	85.11%	-84.22%	-635.30%	111.53%	-599.67%	268.90%	-815.49%	120.81%	-33.68%	-238.50%
Invested Capital Growth	-8.80%	3.90%	20.54%	7.01%	13.45%	1.85%	61.42%	0.68%	5.65%	16.95%
Revenue Q/Q Growth	-1.32%	2.74%	4.13%	6.01%	0.00%	-1.76%	8.45%	2.97%	7.01%	3.36%
EBITDA Q/Q Growth	-15.47%	28.29%	-8.98%	14.59%	4.31%	2.30%	4.36%	7.79%	4.56%	9.17%
EBIT Q/Q Growth	-26.15%	55.73%	-14.80%	21.65%	3.98%	2.87%	-4.81%	19.43%	4.73%	10.03%
NOPAT Q/Q Growth	-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	-19.07%	87.26%	9.35%	-16.33%	18.15%	12.91%	-11.78%	15.29%	5.55%	11.64%
EPS Q/Q Growth	-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	-2.96%	-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	-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	-5.36%	-1.55%	-1.65%	-1.14%	-8.04%	3.94%	46.66%	-2.30%	-4.97%	-2.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.20%	13.25%	13.12%	13.25%	13.21%	14.83%	15.05%	14.81%	14.07%	14.83%
EBITDA Margin	5.73%	6.84%	6.25%	6.63%	7.60%	8.22%	8.55%	8.61%	8.43%	8.98%
Operating Margin	3.14%	4.19%	4.00%	4.84%	4.58%	5.46%	5.11%	5.11%	5.40%	5.69%
EBIT Margin	3.11%	4.18%	3.95%	4.41%	5.27%	5.48%	5.31%	4.84%	5.49%	5.84%
Profit (Net Income) Margin	4.25%	2.62%	3.36%	2.65%	3.36%	4.03%	3.79%	3.00%	3.59%	3.92%
Tax Burden Percent	140.73%	65.03%	89.96%	64.68%	71.09%	79.10%	78.98%	72.69%	77.39%	76.51%
Interest Burden Percent	97.22%	96.11%	94.62%	92.82%	89.67%	93.07%	90.46%	85.25%	84.64%	87.68%
Effective Tax Rate	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)	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)	-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)	4.69%	0.29%	0.31%	0.20%	2.65%	1.64%	2.91%	2.42%	3.09%	3.29%
Return on Equity (ROE)	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)	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)	4.10%	6.06%	6.32%	7.27%	8.28%	7.34%	6.48%	6.27%	7.72%	7.92%
Return on Assets (ROA)	5.61%	3.79%	5.38%	4.37%	5.28%	5.40%	4.63%	3.89%	5.05%	5.31%
Return on Common Equity (ROCE)	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)	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)	136	209	341	349	394	484	524	634	873	1,030
NOPAT Margin	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)	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	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	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%
Operating Expenses to Revenue	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)	235	320	374	493	638	614	689	826	1,146	1,382
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	434	523	591	741	920	921	1,110	1,470	1,760	2,125
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	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)	2.39	3.34	3.59	3.05	3.55	5.56	0.00	60.05	36.24	331.35
Price to Revenue (P/Rev)	0.42	0.68	0.63	0.39	0.47	0.89	1.25	1.19	1.50	1.97
Price to Earnings (P/E)	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%	0.14%	0.42%	0.29%	0.21%	0.20%	0.15%	0.11%
Earnings Yield	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)	1.02	1.51	1.50	1.16	1.32	2.04	2.29	2.71	3.72	4.66
Enterprise Value to Revenue (EV/Rev)	0.47	0.71	0.69	0.48	0.57	0.98	1.52	1.38	1.64	2.12
Enterprise Value to EBITDA (EV/EBITDA)	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)	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)	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)	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)	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	0.16	0.11	0.18	0.31	0.34	0.27	0.73	0.69	0.67	0.57
Long-Term Debt to Equity	0.15	0.11	0.18	0.29	0.32	0.27	0.73	0.68	0.58	0.56
Financial Leverage	-0.05	0.10	0.11	0.21	0.29	0.26	0.48	0.65	0.53	0.46
Leverage Ratio	1.51	1.64	1.66	1.83	2.01	1.99	2.25	2.50	2.54	2.57
Compound Leverage Factor	1.46	1.58	1.57	1.70	1.80	1.85	2.03	2.13	2.15	2.25
Debt to Total Capital	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	0.20%	0.20%	0.03%	1.39%	1.38%	0.27%	0.33%	0.41%	5.11%	0.55%
Long-Term Debt to Total Capital	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%
Noncontrolling Interests to Total Capital	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	86.42%	90.16%	84.87%	76.49%	74.72%	78.44%	57.63%	58.97%	59.84%	63.68%
Debt to EBITDA	1.11	0.69	1.14	1.49	1.49	1.29	3.38	2.54	2.39	1.96
Net Debt to EBITDA	0.81	0.48	0.90	1.39	1.31	1.09	3.18	2.25	1.65	1.61
Long-Term Debt to EBITDA	1.09	0.68	1.13	1.40	1.40	1.28	3.36	2.51	2.08	1.93
Debt to NOPAT	3.54	1.73	1.97	3.17	3.47	2.46	7.16	5.88	4.81	4.04
Net Debt to NOPAT	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	3.49	1.69	1.97	2.98	3.28	2.43	7.11	5.83	4.20	3.98
Altman Z-Score	3.20	3.90	3.71	3.31	3.22	3.80	3.00	3.60	4.01	4.52
Noncontrolling Interest Sharing Ratio	0.18%	0.09%	0.10%	0.07%	0.06%	0.10%	0.10%	0.19%	0.23%	0.17%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.89	1.90	1.92	1.84	1.69	1.68	1.50	1.63	1.47	1.30
Quick Ratio	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)	470	74	-397	46	-229	386	-2,764	575	381	-528
Operating Cash Flow to CapEx	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	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	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	78.89	13.45	7.19	2.62	4.42	19.80	3.57	6.17	6.48	7.67
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.32	1.45	1.60	1.65	1.57	1.34	1.22	1.30	1.41	1.36
Accounts Receivable Turnover	3.76	3.91	4.78	5.15	4.75	4.10	4.24	4.83	5.17	4.94
Inventory Turnover	116.43	81.03	97.08	102.76	128.62	179.71	163.20	154.79	128.67	92.52
Fixed Asset Turnover	6.88	6.72	7.69	8.71	0.00	0.00	7.46	8.64	9.56	9.40
Accounts Payable Turnover	8.27	7.79	8.31	8.17	7.50	6.36	5.86	6.60	6.88	5.94
Days Sales Outstanding (DSO)	97.14	93.32	76.31	70.90	76.88	89.01	86.00	75.62	70.66	73.87
Days Inventory Outstanding (DIO)	3.13	4.50	3.76	3.55	2.84	2.03	2.24	2.36	2.84	3.95
Days Payable Outstanding (DPO)	44.12	46.88	43.94	44.67	48.68	57.37	62.30	55.31	53.03	61.40
Cash Conversion Cycle (CCC)	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	3,457	3,592	4,329	4,633	5,256	5,353	8,641	8,700	9,192	10,750
Invested Capital Turnover	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	-333	135	738	304	623	97	3,288	59	492	1,558
Enterprise Value (EV)	3,535	5,430	6,502	5,368	6,932	10,939	19,782	23,618	34,231	50,070
Market Capitalization	3,179	5,178	5,965	4,339	5,726	9,930	16,253	20,301	31,311	46,638
Book Value per Share	$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	$8.31	$10.25	$10.69	$9.72	$11.34	$12.87	($1.53)	$2.37	$5.95	$0.95
Total Capital	3,570	3,704	4,468	4,712	5,421	5,538	8,871	9,129	10,482	11,492
Total Debt	482	361	672	1,106	1,367	1,189	3,754	3,730	4,199	4,162
Total Long-Term Debt	475	354	671	1,041	1,292	1,174	3,724	3,692	3,664	4,100
Net Debt	354	249	534	1,027	1,202	1,004	3,525	3,301	2,908	3,420
Capital Expenditures (CapEx)	184	191	221	262	231	225	336	364	365	526
Debt-free, Cash-free Net Working Capital (DFCFNWC)	952	979	1,241	1,507	1,478	1,280	1,368	1,739	1,709	1,143
Debt-free Net Working Capital (DFNWC)	1,081	1,091	1,379	1,586	1,643	1,465	1,597	2,167	2,999	1,885
Net Working Capital (NWC)	1,074	1,084	1,378	1,520	1,568	1,450	1,568	2,130	2,464	1,823
Net Nonoperating Expense (NNE)	-186	8.89	23	53	-12	32	32	122	122	103
Net Nonoperating Obligations (NNO)	369	249	534	1,027	1,202	1,004	3,525	3,301	2,908	3,420
Total Depreciation and Amortization (D&A)	199	203	217	248	282	307	421	645	614	742
Debt-free, Cash-free Net Working Capital to Revenue	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	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	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	$1.59	$1.26	$2.02	$1.92	$2.76	$3.15	$3.45	$3.42	$5.13	$6.16
Adjusted Weighted Average Basic Shares Outstanding	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	$1.59	$1.26	$2.00	$1.90	$2.73	$3.07	$3.34	$3.32	$5.00	$6.03
Adjusted Weighted Average Diluted Shares Outstanding	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	$1.59	$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	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)	170	214	388	374	414	491	534	648	878	1,036
Normalized NOPAT Margin	2.24%	2.80%	4.10%	3.35%	3.42%	4.38%	4.11%	3.79%	4.20%	4.37%
Pre Tax Income Margin	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	29.31	21.51	17.85	13.35	9.54	13.64	9.99	6.64	6.13	6.82
NOPAT to Interest Expense	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	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	-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	5.88%	0.38%	0.63%	1.36%	6.33%	7.59%	6.92%	8.02%	6.36%	5.84%
Augmented Payout Ratio	505.02%	0.38%	16.34%	151.07%	11.27%	62.29%	20.47%	33.00%	6.41%	5.84%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	33.00%	12.57%	11.68%	19.30%	26.03%	30.96%	13.62%	10.81%	15.52%	13.30%
EBITDA Growth	17.67%	34.25%	-6.54%	24.93%	36.34%	18.41%	21.84%	9.04%	15.49%	36.17%
EBIT Growth	3.21%	91.42%	15.04%	70.47%	51.17%	18.42%	34.78%	9.25%	9.47%	37.85%
NOPAT Growth	6.52%	49.37%	19.58%	35.23%	59.48%	29.47%	2.01%	11.95%	8.36%	41.75%
Net Income Growth	-10.88%	63.83%	14.04%	73.24%	74.98%	22.67%	30.03%	15.19%	9.32%	45.26%
EPS Growth	-12.40%	57.14%	12.28%	89.83%	72.64%	28.18%	23.44%	12.50%	6.56%	43.97%
Operating Cash Flow Growth	1,820.80%	133.30%	-54.86%	7.31%	18.42%	72.10%	519.53%	207.12%	81.98%	-29.05%
Free Cash Flow Firm Growth	-404.52%	103.95%	81.87%	82.58%	83.83%	-302.69%	100.91%	148.11%	-120.14%	-381.59%
Invested Capital Growth	51.13%	0.68%	7.91%	8.29%	8.62%	5.65%	1.36%	-0.41%	13.86%	16.95%
Revenue Q/Q Growth	5.38%	-0.97%	0.28%	13.99%	11.33%	2.90%	-13.00%	11.18%	16.07%	0.93%
EBITDA Q/Q Growth	16.38%	3.38%	-31.71%	52.05%	27.01%	-10.22%	-29.73%	36.08%	34.52%	5.86%
EBIT Q/Q Growth	58.20%	7.20%	-52.45%	111.40%	40.29%	-16.02%	-45.88%	71.36%	40.57%	5.74%
NOPAT Q/Q Growth	34.14%	-6.00%	-29.04%	51.13%	58.20%	-23.69%	-44.09%	65.85%	53.13%	-0.17%
Net Income Q/Q Growth	62.56%	11.40%	-44.31%	71.79%	64.20%	-21.90%	-40.97%	52.18%	55.83%	3.77%
EPS Q/Q Growth	79.66%	3.77%	-41.82%	75.00%	63.39%	-22.95%	-43.97%	59.49%	54.76%	4.10%
Operating Cash Flow Q/Q Growth	189.19%	69.83%	-93.41%	231.73%	219.11%	146.82%	-76.29%	64.45%	89.09%	-3.77%
Free Cash Flow Firm Q/Q Growth	9.12%	104.44%	-548.09%	3.65%	15.66%	44.33%	102.01%	5,005.64%	-485.93%	-21.78%
Invested Capital Q/Q Growth	0.20%	-2.30%	8.38%	2.08%	0.49%	-4.97%	3.97%	0.30%	14.89%	-2.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.45%	15.11%	12.94%	14.34%	15.07%	13.70%	12.39%	14.50%	15.59%	16.23%
EBITDA Margin	9.04%	9.43%	6.42%	8.57%	9.78%	8.53%	6.89%	8.43%	9.77%	10.25%
Operating Margin	6.43%	5.87%	2.84%	5.53%	7.12%	5.58%	3.09%	5.49%	6.64%	6.91%
EBIT Margin	5.88%	6.37%	3.02%	5.60%	7.06%	5.76%	3.58%	5.52%	6.69%	7.01%
Profit (Net Income) Margin	3.51%	3.94%	2.19%	3.30%	4.87%	3.69%	2.51%	3.43%	4.61%	4.73%
Tax Burden Percent	68.20%	70.88%	103.66%	70.60%	77.92%	73.81%	85.67%	71.84%	78.39%	74.53%
Interest Burden Percent	87.37%	87.36%	69.96%	83.47%	88.52%	86.90%	81.66%	86.48%	87.86%	90.69%
Effective Tax Rate	31.80%	29.12%	-3.66%	29.40%	22.08%	26.19%	14.33%	28.16%	21.61%	25.47%
Return on Invested Capital (ROIC)	9.83%	8.20%	5.69%	7.74%	11.66%	9.61%	5.99%	9.05%	11.53%	12.22%
ROIC Less NNEP Spread (ROIC-NNEP)	8.25%	7.91%	4.79%	6.94%	10.62%	8.82%	5.79%	8.21%	10.50%	11.37%
Return on Net Nonoperating Assets (RNNOA)	4.16%	5.14%	3.37%	4.88%	7.00%	4.69%	3.46%	4.60%	6.10%	5.28%
Return on Equity (ROE)	13.99%	13.33%	9.06%	12.63%	18.66%	14.30%	9.44%	13.65%	17.63%	17.51%
Cash Return on Invested Capital (CROIC)	-32.92%	6.63%	-0.42%	-0.37%	0.54%	4.26%	7.94%	9.83%	-3.96%	-5.30%
Operating Return on Assets (OROA)	8.14%	8.26%	3.91%	7.40%	9.67%	8.10%	5.20%	7.93%	8.99%	9.50%
Return on Assets (ROA)	4.85%	5.12%	2.84%	4.36%	6.67%	5.19%	3.64%	4.93%	6.19%	6.42%
Return on Common Equity (ROCE)	13.98%	13.31%	9.05%	12.60%	18.63%	14.26%	9.43%	13.63%	17.59%	17.48%
Return on Equity Simple (ROE_SIMPLE)	8.54%	0.00%	9.50%	10.38%	11.88%	0.00%	12.27%	12.26%	11.75%	0.00%
Net Operating Profit after Tax (NOPAT)	196	184	130	197	312	238	133	221	338	337
NOPAT Margin	4.39%	4.16%	2.95%	3.91%	5.55%	4.12%	2.64%	3.95%	5.21%	5.15%
Net Nonoperating Expense Percent (NNEP)	1.58%	0.28%	0.89%	0.80%	1.04%	0.79%	0.20%	0.84%	1.03%	0.86%
Return On Investment Capital (ROIC_SIMPLE)	-	2.01%	-	-	-	2.27%	-	-	-	2.94%
Cost of Revenue to Revenue	84.55%	84.89%	87.06%	85.66%	84.93%	86.30%	87.61%	85.50%	84.41%	83.77%
SG&A Expenses to Revenue	7.79%	7.72%	8.68%	7.61%	6.88%	6.91%	8.00%	7.73%	7.45%	7.72%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.01%	9.24%	10.10%	8.81%	7.95%	8.13%	9.30%	9.01%	8.95%	9.32%
Earnings before Interest and Taxes (EBIT)	262	281	134	283	397	333	180	309	434	459
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	403	417	285	433	549	493	347	472	635	672
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.50	3.77	4.34	4.98	4.53	4.99	5.93	5.66	6.21	6.37
Price to Tangible Book Value (P/TBV)	185.15	60.05	170.08	69.21	37.43	36.24	56.76	42.91	0.00	331.35
Price to Revenue (P/Rev)	1.10	1.19	1.37	1.55	1.39	1.50	1.76	1.69	1.92	1.97
Price to Earnings (P/E)	41.91	41.33	47.72	49.14	38.95	42.05	49.11	47.05	54.17	51.54
Dividend Yield	0.22%	0.20%	0.17%	0.16%	0.17%	0.15%	0.13%	0.13%	0.12%	0.11%
Earnings Yield	2.39%	2.42%	2.10%	2.04%	2.57%	2.38%	2.04%	2.13%	1.85%	1.94%
Enterprise Value to Invested Capital (EV/IC)	2.46	2.71	2.95	3.36	3.19	3.72	4.28	4.19	4.35	4.66
Enterprise Value to Revenue (EV/Rev)	1.32	1.38	1.59	1.76	1.58	1.64	1.90	1.82	2.09	2.12
Enterprise Value to EBITDA (EV/EBITDA)	16.04	16.06	19.20	21.07	18.30	19.45	22.46	21.60	24.59	23.57
Enterprise Value to EBIT (EV/EBIT)	31.64	28.61	33.04	33.73	28.16	29.87	34.31	32.99	38.09	36.22
Enterprise Value to NOPAT (EV/NOPAT)	37.92	37.26	42.65	46.09	37.68	39.21	46.40	44.43	51.40	48.61
Enterprise Value to Operating Cash Flow (EV/OCF)	27.44	20.90	25.70	29.64	26.66	21.72	23.05	19.71	20.17	24.06
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	41.07	0.00	0.00	612.64	89.75	54.28	42.59	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.75	0.69	0.75	0.74	0.66	0.67	0.58	0.54	0.66	0.57
Long-Term Debt to Equity	0.75	0.68	0.74	0.74	0.66	0.58	0.50	0.45	0.58	0.56
Financial Leverage	0.50	0.65	0.70	0.70	0.66	0.53	0.60	0.56	0.58	0.46
Leverage Ratio	2.44	2.50	2.54	2.56	2.54	2.54	2.49	2.49	2.60	2.57
Compound Leverage Factor	2.13	2.19	1.77	2.13	2.25	2.21	2.03	2.15	2.29	2.33
Debt to Total Capital	42.97%	40.86%	42.75%	42.63%	39.91%	40.06%	36.88%	34.87%	39.81%	36.22%
Short-Term Debt to Total Capital	0.35%	0.41%	0.41%	0.41%	0.45%	5.11%	5.42%	5.44%	4.72%	0.55%
Long-Term Debt to Total Capital	42.61%	40.45%	42.34%	42.22%	39.46%	34.95%	31.46%	29.43%	35.08%	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%
Noncontrolling Interests to Total Capital	0.06%	0.17%	0.09%	0.08%	0.09%	0.11%	0.11%	0.13%	0.16%	0.10%
Common Equity to Total Capital	56.97%	58.97%	57.16%	57.29%	60.01%	59.84%	63.01%	65.00%	60.04%	63.68%
Debt to EBITDA	2.87	2.54	2.84	2.77	2.37	2.39	2.04	1.89	2.41	1.96
Net Debt to EBITDA	2.72	2.25	2.69	2.54	2.18	1.65	1.75	1.61	2.02	1.61
Long-Term Debt to EBITDA	2.85	2.51	2.82	2.74	2.34	2.08	1.74	1.60	2.12	1.93
Debt to NOPAT	6.79	5.88	6.32	6.06	4.87	4.81	4.22	3.89	5.04	4.04
Net Debt to NOPAT	6.42	5.21	5.98	5.55	4.50	3.33	3.62	3.32	4.21	3.32
Long-Term Debt to NOPAT	6.74	5.83	6.25	6.00	4.82	4.20	3.60	3.29	4.44	3.98
Altman Z-Score	3.26	3.47	3.57	3.83	3.77	3.84	4.47	4.40	4.03	4.36
Noncontrolling Interest Sharing Ratio	0.09%	0.19%	0.12%	0.19%	0.13%	0.23%	0.16%	0.17%	0.21%	0.17%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.60	1.63	1.63	1.68	1.61	1.47	1.36	1.30	1.23	1.30
Quick Ratio	1.15	1.20	1.13	1.18	1.11	1.09	0.96	0.93	0.91	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,817	125	-560	-540	-455	-254	5.09	260	-1,003	-1,221
Operating Cash Flow to CapEx	324.05%	837.34%	47.82%	121.03%	320.71%	1,139.84%	286.21%	242.36%	369.14%	521.35%
Free Cash Flow to Firm to Interest Expense	-83.93	3.34	-13.44	-11.21	-9.58	-5.12	0.12	5.73	-16.72	-21.67
Operating Cash Flow to Interest Expense	10.23	15.58	0.92	2.64	8.55	20.27	5.79	8.63	12.34	12.64
Operating Cash Flow Less CapEx to Interest Expense	7.07	13.72	-1.01	0.46	5.89	18.49	3.77	5.07	9.00	10.21
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.38	1.30	1.30	1.32	1.37	1.41	1.45	1.44	1.35	1.36
Accounts Receivable Turnover	4.99	4.83	5.01	4.83	4.90	5.17	5.55	5.18	4.83	4.94
Inventory Turnover	176.43	154.79	118.24	124.20	127.50	128.67	96.47	96.81	89.43	92.52
Fixed Asset Turnover	0.00	8.64	8.42	8.62	9.04	9.56	9.30	9.38	9.27	9.40
Accounts Payable Turnover	6.77	6.60	6.68	6.43	6.21	6.88	7.51	6.63	5.64	5.94
Days Sales Outstanding (DSO)	73.09	75.62	72.86	75.51	74.54	70.66	65.74	70.46	75.56	73.87
Days Inventory Outstanding (DIO)	2.07	2.36	3.09	2.94	2.86	2.84	3.78	3.77	4.08	3.95
Days Payable Outstanding (DPO)	53.90	55.31	54.65	56.76	58.77	53.03	48.60	55.03	64.67	61.40
Cash Conversion Cycle (CCC)	21.26	22.67	21.30	21.68	18.64	20.47	20.93	19.20	14.97	16.41
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,905	8,700	9,429	9,625	9,672	9,192	9,557	9,586	11,013	10,750
Invested Capital Turnover	2.24	1.97	1.93	1.98	2.10	2.33	2.26	2.29	2.21	2.37
Increase / (Decrease) in Invested Capital	3,013	59	691	737	767	492	128	-39	1,341	1,558
Enterprise Value (EV)	21,874	23,618	27,853	32,380	30,809	34,231	40,919	40,201	47,856	50,070
Market Capitalization	18,165	20,301	23,938	28,476	27,124	31,311	37,719	37,183	43,913	46,638
Book Value per Share	$36.33	$37.67	$38.29	$39.41	$41.24	$43.17	$43.56	$44.86	$47.99	$49.57
Tangible Book Value per Share	$0.69	$2.37	$0.98	$2.83	$4.99	$5.95	$4.55	$5.92	($1.21)	$0.95
Total Capital	9,120	9,129	9,646	9,987	9,978	10,482	10,088	10,104	11,777	11,492
Total Debt	3,919	3,730	4,124	4,258	3,982	4,199	3,721	3,523	4,688	4,162
Total Long-Term Debt	3,887	3,692	4,084	4,217	3,937	3,664	3,174	2,974	4,132	4,100
Net Debt	3,703	3,301	3,907	3,896	3,677	2,908	3,190	3,005	3,924	3,420
Capital Expenditures (CapEx)	106	70	80	105	127	88	83	161	200	137
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,819	1,739	1,966	2,238	2,282	1,709	1,768	1,603	1,313	1,143
Debt-free Net Working Capital (DFNWC)	2,034	2,167	2,183	2,600	2,588	2,999	2,299	2,121	2,077	1,885
Net Working Capital (NWC)	2,002	2,130	2,143	2,559	2,543	2,464	1,752	1,572	1,521	1,823
Net Nonoperating Expense (NNE)	39	9.72	33	31	38	24	7.00	29	39	27
Net Nonoperating Obligations (NNO)	3,703	3,301	3,907	3,896	3,677	2,908	3,190	3,005	3,924	3,420
Total Depreciation and Amortization (D&A)	141	135	151	150	153	160	166	163	200	213
Debt-free, Cash-free Net Working Capital to Revenue	10.97%	10.18%	11.21%	12.19%	11.70%	8.18%	8.23%	7.27%	5.73%	4.83%
Debt-free Net Working Capital to Revenue	12.27%	12.69%	12.45%	14.17%	13.26%	14.36%	10.70%	9.63%	9.07%	7.96%
Net Working Capital to Revenue	12.07%	12.47%	12.22%	13.94%	13.03%	11.80%	8.16%	7.13%	6.64%	7.70%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.09	$1.13	$0.66	$1.14	$1.88	$1.45	$0.81	$1.28	$1.99	$2.08
Adjusted Weighted Average Basic Shares Outstanding	143.35M	143.49M	144.47M	145.42M	145.46M	145.22M	145.94M	146.58M	147.39M	146.93M
Adjusted Diluted Earnings per Share	$1.06	$1.10	$0.64	$1.12	$1.83	$1.41	$0.79	$1.26	$1.95	$2.03
Adjusted Weighted Average Diluted Shares Outstanding	147.68M	147.99M	148.66M	148.77M	148.79M	148.82M	149.35M	149.79M	150.56M	150.06M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	142.90M	144.00M	145.18M	145.20M	145.28M	145.75M	146.39M	147.33M	147.61M	148.20M
Normalized Net Operating Profit after Tax (NOPAT)	194	184	88	197	313	242	134	222	339	341
Normalized NOPAT Margin	4.36%	4.17%	1.99%	3.91%	5.56%	4.19%	2.66%	3.96%	5.22%	5.20%
Pre Tax Income Margin	5.14%	5.56%	2.11%	4.67%	6.25%	5.00%	2.93%	4.77%	5.87%	6.35%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.82	7.51	3.21	5.87	8.34	6.73	4.39	6.81	7.24	8.15
NOPAT to Interest Expense	5.83	4.91	3.13	4.09	6.56	4.81	3.24	4.87	5.64	5.99
EBIT Less CapEx to Interest Expense	4.66	5.65	1.28	3.68	5.68	4.95	2.36	3.25	3.90	5.72
NOPAT Less CapEx to Interest Expense	2.67	3.05	1.20	1.91	3.90	3.03	1.22	1.31	2.29	3.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.44%	8.02%	8.12%	7.51%	6.48%	6.36%	6.24%	6.24%	6.32%	5.84%
Augmented Payout Ratio	33.38%	33.00%	8.12%	7.51%	6.48%	6.41%	6.24%	6.24%	6.32%	5.84%

Frequently Asked Questions About Quanta Services' Financials

When does Quanta Services's 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 9 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 $321.82 million in 2015. The previous period was $750.69 million in 2023.

What is Quanta Services's operating income?

Quanta Services's 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 9 years?

Over the last 9 years, Quanta Services' total revenue changed from $7.57 billion in 2015 to $23.67 billion in 2024, a change of 212.6%.

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 434.1% increase since 2015.

How much cash does Quanta Services have?

In the past 9 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 9 years?

Over the last 9 years, Quanta Services' book value per share changed from 19.31 in 2015 to 49.57 in 2024, a change of 156.7%.

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This page (NYSE:PWR) was last updated on 4/15/2025 by MarketBeat.com Staff

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Quanta Services (PWR) Financials

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