Quanta Services (PWR) Financials

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	144	305	293	188	118	211	273	166	95	163	156
Consolidated Net Income / (Loss)	149	310	299	192	126	214	274	167	97	174	156
Net Income / (Loss) Continuing Operations	149	310	299	192	126	214	274	167	97	174	156
Total Pre-Tax Income	189	416	381	267	147	289	351	236	94	246	229
Total Operating Income	239	453	431	307	155	323	400	279	126	259	287
Total Gross Profit	834	1,063	1,013	811	623	792	847	724	573	668	689
Total Revenue	6,233	6,553	6,493	5,594	5,032	5,784	5,621	5,049	4,429	4,417	4,460
Operating Revenue	6,233	6,553	6,493	5,594	5,032	5,784	5,621	5,049	4,429	4,417	4,460
Total Cost of Revenue	5,399	5,490	5,481	4,783	4,408	4,991	4,773	4,325	3,856	3,749	3,771
Operating Cost of Revenue	5,399	5,490	5,481	4,783	4,408	4,991	4,773	4,325	3,856	3,749	3,771
Total Operating Expenses	595	611	581	504	468	470	447	445	447	408	402
Selling, General & Admin Expense	494	506	484	432	402	400	387	384	385	341	347
Amortization Expense	110	116	110	79	78	75	71	70	72	63	67
Other Operating Expenses / (Income)	-13	-16	-14	-8.59	-12	-11	-12	-9.37	-9.62	-8.12	-11
Other Special Charges / (Income)	4.36	4.20	1.12	1.12	0.62	5.77	0.80	0.00	0.00	0.37	-1.92
Total Other Income / (Expense), net	-50	-36	-50	-40	-8.17	-33	-49	-43	-32	-14	-58
Interest Expense	54	56	60	45	41	50	48	48	42	37	34
Interest & Investment Income	3.84	14	7.24	3.56	8.02	5.87	1.99	1.45	1.52	1.88	0.44
Other Income / (Expense), net	0.24	6.35	2.99	1.62	25	11	-3.74	3.42	7.87	22	-24
Income Tax Expense	40	106	82	75	21	76	78	69	-3.42	72	73
Net Income / (Loss) Attributable to Noncontrolling Interest	4.71	5.17	5.84	3.73	7.73	2.70	0.69	0.69	1.92	12	0.36
Basic Earnings per Share	$0.97	$2.08	$1.99	$1.28	$0.81	$1.45	$1.88	$1.14	$0.66	$1.13	$1.09
Weighted Average Basic Shares Outstanding	148.27M	146.93M	147.39M	146.58M	145.94M	145.22M	145.46M	145.42M	144.47M	143.49M	143.35M
Diluted Earnings per Share	$0.96	$2.03	$1.95	$1.26	$0.79	$1.41	$1.83	$1.12	$0.64	$1.10	$1.06
Weighted Average Diluted Shares Outstanding	150.96M	150.06M	150.56M	149.79M	149.35M	148.82M	148.79M	148.77M	148.66M	147.99M	147.68M
Weighted Average Basic & Diluted Shares Outstanding	148.20M	148.20M	147.61M	147.33M	146.39M	145.75M	145.28M	145.20M	145.18M	144.00M	142.90M

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

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-223	-23	247	-12	-762	985	-58	144	-209	215	65
Net Cash From Operating Activities	243	712	740	391	238	1,004	407	127	38	583	343
Net Cash From Continuing Operating Activities	243	710	740	391	238	1,004	407	127	38	583	343
Net Income / (Loss) Continuing Operations	149	310	299	192	126	214	274	167	97	174	156
Consolidated Net Income / (Loss)	149	310	299	192	126	214	274	167	97	174	156
Depreciation Expense	98	97	90	84	89	85	81	80	78	72	74
Amortization Expense	110	116	110	79	78	75	71	70	72	63	67
Non-Cash Adjustments To Reconcile Net Income	-12	135	29	83	159	237	-211	-17	-161	111	-118
Changes in Operating Assets and Liabilities, net	-102	52	211	-46	-213	393	191	-172	-48	162	164
Net Cash From Investing Activities	-521	-167	-1,538	-203	-387	-267	-155	-79	-489	-141	-265
Net Cash From Continuing Investing Activities	-521	-167	-1,538	-203	-387	-267	-155	-79	-489	-141	-265
Purchase of Property, Plant & Equipment	-133	-147	-212	-161	-83	-109	-140	-105	-80	-90	-106
Acquisitions	-394	-21	-1,274	-67	-384	-179	-20	-	-452	-17	-173
Sale of Property, Plant & Equipment	7.32	10	12	-	-	21	13	-	-	21	-
Sale and/or Maturity of Investments	0.00	-	-	2.67	27	-	-	3.21	39	3.73	-
Other Investing Activities, net	-0.91	-0.04	8.81	-32	54	0.73	-1.28	-12	4.88	-0.76	-25
Net Cash From Financing Activities	52	-533	1,034	-203	-603	237	-305	94	243	-227	-13
Net Cash From Continuing Financing Activities	52	-533	1,034	-203	-603	237	-305	94	243	-227	-13
Repayment of Debt	-5,230	-8,483	-5,120	-4,339	-3,277	-3,583	-4,745	-5,347	-4,067	-4,089	-2,502
Repurchase of Common Equity	-119	-	-	-	-	-	-	-	-	-13	-21
Payment of Dividends	-15	-13	-14	-13	-14	-12	-12	-12	-13	-10	-10
Issuance of Debt	5,488	7,978	6,230	4,151	2,764	3,839	4,454	5,454	4,431	3,888	2,523
Other Financing Activities, net	-72	-15	-63	-2.09	-76	-6.38	-2.65	-2.08	-109	-3.95	-2.42
Other Net Changes in Cash	2.29	-35	11	-	-	11	-4.82	-	-	0.54	-

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

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	19,135	18,684	18,866	15,929	15,542	16,237	15,188	14,741	14,039	13,464	13,297
Total Current Assets	7,830	7,851	8,046	6,888	6,583	7,677	6,735	6,322	5,571	5,536	5,348
Cash & Equivalents	521	742	764	518	531	1,290	305	362	217	429	215
Accounts Receivable	5,290	5,171	5,150	4,431	4,095	4,411	4,332	4,075	3,645	3,675	3,638
Inventories, net	263	260	276	235	224	176	164	157	159	103	98
Prepaid Expenses	497	469	527	476	458	387	349	371	262	250	269
Other Current Assets	1,259	1,209	1,329	1,228	1,275	1,413	1,585	1,357	1,287	1,080	1,127
Plant, Property, & Equipment, net	2,800	2,700	2,649	2,464	2,427	2,337	2,290	2,234	2,191	2,030	2,025
Total Noncurrent Assets	8,505	8,133	8,171	6,578	6,532	6,223	6,163	6,185	6,277	5,898	5,924
Goodwill	5,560	5,316	5,282	4,314	4,284	4,046	3,900	3,885	3,873	3,587	3,579
Intangible Assets	1,959	1,861	1,967	1,387	1,408	1,362	1,362	1,424	1,500	1,459	1,519
Other Noncurrent Operating Assets	986	956	922	877	840	815	900	875	905	852	826
Total Liabilities & Shareholders' Equity	19,135	18,684	18,866	15,929	15,542	16,237	15,188	14,741	14,039	13,464	13,297
Total Liabilities	11,662	11,354	11,777	9,348	9,175	9,954	9,193	9,012	8,517	8,066	8,095
Total Current Liabilities	5,986	6,029	6,525	5,316	4,831	5,213	4,192	3,764	3,427	3,406	3,346
Short-Term Debt	74	63	556	549	547	535	45	41	40	37	32
Accounts Payable	3,668	3,722	3,999	3,199	2,758	3,061	2,969	2,517	2,168	2,153	2,410
Current Deferred Revenue	2,152	2,149	1,875	1,483	1,443	1,539	1,101	1,129	1,143	1,142	830
Other Current Liabilities	93	94	95	85	84	78	78	77	76	74	74
Total Noncurrent Liabilities	5,677	5,326	5,252	4,032	4,344	4,741	5,000	5,248	5,090	4,659	4,749
Long-Term Debt	4,360	4,100	4,132	2,974	3,174	3,664	3,937	4,217	4,084	3,692	3,887
Noncurrent Deferred & Payable Income Tax Liabilities	375	353	337	312	298	254	264	255	236	228	227
Other Noncurrent Operating Liabilities	941	873	783	747	872	823	799	777	769	739	635
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	7,472	7,330	7,089	6,581	6,367	6,283	5,996	5,729	5,522	5,399	5,202
Total Preferred & Common Equity	7,457	7,318	7,071	6,568	6,357	6,272	5,987	5,721	5,513	5,383	5,196
Total Common Equity	7,457	7,318	7,071	6,568	6,357	6,272	5,987	5,721	5,513	5,383	5,196
Common Stock	3,644	3,444	3,405	3,136	3,090	3,003	2,944	2,904	2,869	2,719	2,692
Retained Earnings	5,836	5,707	5,417	5,138	4,963	4,858	4,661	4,400	4,246	4,163	4,012
Treasury Stock	-1,652	-1,461	-1,447	-1,384	-1,383	-1,306	-1,300	-1,297	-1,292	-1,188	-1,173
Accumulated Other Comprehensive Income / (Loss)	-372	-373	-305	-323	-314	-283	-318	-286	-310	-311	-335
Noncontrolling Interest	16	12	18	13	11	11	8.54	8.05	8.54	15	5.52

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

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.88%	13.30%	15.52%	10.81%	13.62%	30.96%	26.03%	19.30%	11.68%	12.57%	33.00%
EBITDA Growth	28.95%	36.17%	15.49%	9.04%	21.84%	18.41%	36.34%	24.93%	-6.54%	34.25%	17.67%
EBIT Growth	32.78%	37.85%	9.47%	9.25%	34.78%	18.42%	51.17%	70.47%	15.04%	91.42%	3.21%
NOPAT Growth	41.71%	41.75%	8.36%	11.95%	2.01%	29.47%	59.48%	35.23%	19.58%	49.37%	6.52%
Net Income Growth	18.14%	45.26%	9.32%	15.19%	30.03%	22.67%	74.98%	73.24%	14.04%	63.83%	-10.88%
EPS Growth	21.52%	43.97%	6.56%	12.50%	23.44%	28.18%	72.64%	89.83%	12.28%	57.14%	-12.40%
Operating Cash Flow Growth	2.20%	-29.05%	81.98%	207.12%	519.53%	72.10%	18.42%	7.31%	-54.86%	133.30%	1,820.80%
Free Cash Flow Firm Growth	-32,329.98%	-381.59%	-120.14%	148.11%	100.91%	-302.69%	83.83%	82.58%	81.87%	103.95%	-404.52%
Invested Capital Growth	19.13%	16.95%	13.86%	-0.41%	1.36%	5.65%	8.62%	8.29%	7.91%	0.68%	51.13%
Revenue Q/Q Growth	-4.88%	0.93%	16.07%	11.18%	-13.00%	2.90%	11.33%	13.99%	0.28%	-0.97%	5.38%
EBITDA Q/Q Growth	-33.46%	5.86%	34.52%	36.08%	-29.73%	-10.22%	27.01%	52.05%	-31.71%	3.38%	16.38%
EBIT Q/Q Growth	-47.87%	5.74%	40.57%	71.36%	-45.88%	-16.02%	40.29%	111.40%	-52.45%	7.20%	58.20%
NOPAT Q/Q Growth	-44.11%	-0.17%	53.13%	65.85%	-44.09%	-23.69%	58.20%	51.13%	-29.04%	-6.00%	34.14%
Net Income Q/Q Growth	-51.99%	3.77%	55.83%	52.18%	-40.97%	-21.90%	64.20%	71.79%	-44.31%	11.40%	62.56%
EPS Q/Q Growth	-52.71%	4.10%	54.76%	59.49%	-43.97%	-22.95%	63.39%	75.00%	-41.82%	3.77%	79.66%
Operating Cash Flow Q/Q Growth	-65.84%	-3.77%	89.09%	64.45%	-76.29%	146.82%	219.11%	231.73%	-93.41%	69.83%	189.19%
Free Cash Flow Firm Q/Q Growth	-34.32%	-21.78%	-485.93%	5,005.64%	102.01%	44.33%	15.66%	3.65%	-548.09%	104.44%	9.12%
Invested Capital Q/Q Growth	5.91%	-2.39%	14.89%	0.30%	3.97%	-4.97%	0.49%	2.08%	8.38%	-2.30%	0.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.38%	16.23%	15.59%	14.50%	12.39%	13.70%	15.07%	14.34%	12.94%	15.11%	15.45%
EBITDA Margin	7.17%	10.25%	9.77%	8.43%	6.89%	8.53%	9.78%	8.57%	6.42%	9.43%	9.04%
Operating Margin	3.84%	6.91%	6.64%	5.49%	3.09%	5.58%	7.12%	5.53%	2.84%	5.87%	6.43%
EBIT Margin	3.84%	7.01%	6.69%	5.52%	3.58%	5.76%	7.06%	5.60%	3.02%	6.37%	5.88%
Profit (Net Income) Margin	2.39%	4.73%	4.61%	3.43%	2.51%	3.69%	4.87%	3.30%	2.19%	3.94%	3.51%
Tax Burden Percent	78.88%	74.53%	78.39%	71.84%	85.67%	73.81%	77.92%	70.60%	103.66%	70.88%	68.20%
Interest Burden Percent	78.91%	90.69%	87.86%	86.48%	81.66%	86.90%	88.52%	83.47%	69.96%	87.36%	87.37%
Effective Tax Rate	21.12%	25.47%	21.61%	28.16%	14.33%	26.19%	22.08%	29.40%	-3.66%	29.12%	31.80%
Return on Invested Capital (ROIC)	7.19%	12.22%	11.53%	9.05%	5.99%	9.61%	11.66%	7.74%	5.69%	8.20%	9.83%
ROIC Less NNEP Spread (ROIC-NNEP)	6.07%	11.37%	10.50%	8.21%	5.79%	8.82%	10.62%	6.94%	4.79%	7.91%	8.25%
Return on Net Nonoperating Assets (RNNOA)	3.12%	5.28%	6.10%	4.60%	3.46%	4.69%	7.00%	4.88%	3.37%	5.14%	4.16%
Return on Equity (ROE)	10.30%	17.51%	17.63%	13.65%	9.44%	14.30%	18.66%	12.63%	9.06%	13.33%	13.99%
Cash Return on Invested Capital (CROIC)	-7.11%	-5.30%	-3.96%	9.83%	7.94%	4.26%	0.54%	-0.37%	-0.42%	6.63%	-32.92%
Operating Return on Assets (OROA)	5.51%	9.50%	8.99%	7.93%	5.20%	8.10%	9.67%	7.40%	3.91%	8.26%	8.14%
Return on Assets (ROA)	3.43%	6.42%	6.19%	4.93%	3.64%	5.19%	6.67%	4.36%	2.84%	5.12%	4.85%
Return on Common Equity (ROCE)	10.28%	17.48%	17.59%	13.63%	9.43%	14.26%	18.63%	12.60%	9.05%	13.31%	13.98%
Return on Equity Simple (ROE_SIMPLE)	12.74%	0.00%	11.75%	12.26%	12.27%	0.00%	11.88%	10.38%	9.50%	0.00%	8.54%
Net Operating Profit after Tax (NOPAT)	189	337	338	221	133	238	312	197	130	184	196
NOPAT Margin	3.03%	5.15%	5.21%	3.95%	2.64%	4.12%	5.55%	3.91%	2.95%	4.16%	4.39%
Net Nonoperating Expense Percent (NNEP)	1.12%	0.86%	1.03%	0.84%	0.20%	0.79%	1.04%	0.80%	0.89%	0.28%	1.58%
Return On Investment Capital (ROIC_SIMPLE)	1.58%	2.94%	-	-	-	2.27%	-	-	-	2.01%	-
Cost of Revenue to Revenue	86.62%	83.77%	84.41%	85.50%	87.61%	86.30%	84.93%	85.66%	87.06%	84.89%	84.55%
SG&A Expenses to Revenue	7.92%	7.72%	7.45%	7.73%	8.00%	6.91%	6.88%	7.61%	8.68%	7.72%	7.79%
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	9.54%	9.32%	8.95%	9.01%	9.30%	8.13%	7.95%	8.81%	10.10%	9.24%	9.01%
Earnings before Interest and Taxes (EBIT)	239	459	434	309	180	333	397	283	134	281	262
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	447	672	635	472	347	493	549	433	285	417	403
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.05	6.37	6.21	5.66	5.93	4.99	4.53	4.98	4.34	3.77	3.50
Price to Tangible Book Value (P/TBV)	0.00	331.35	0.00	42.91	56.76	36.24	37.43	69.21	170.08	60.05	185.15
Price to Revenue (P/Rev)	1.51	1.97	1.92	1.69	1.76	1.50	1.39	1.55	1.37	1.19	1.10
Price to Earnings (P/E)	40.46	51.54	54.17	47.05	49.11	42.05	38.95	49.14	47.72	41.33	41.91
Dividend Yield	0.15%	0.11%	0.12%	0.13%	0.13%	0.15%	0.17%	0.16%	0.17%	0.20%	0.22%
Earnings Yield	2.47%	1.94%	1.85%	2.13%	2.04%	2.38%	2.57%	2.04%	2.10%	2.42%	2.39%
Enterprise Value to Invested Capital (EV/IC)	3.65	4.66	4.35	4.19	4.28	3.72	3.19	3.36	2.95	2.71	2.46
Enterprise Value to Revenue (EV/Rev)	1.67	2.12	2.09	1.82	1.90	1.64	1.58	1.76	1.59	1.38	1.32
Enterprise Value to EBITDA (EV/EBITDA)	18.69	23.57	24.59	21.60	22.46	19.45	18.30	21.07	19.20	16.06	16.04
Enterprise Value to EBIT (EV/EBIT)	28.85	36.22	38.09	32.99	34.31	29.87	28.16	33.73	33.04	28.61	31.64
Enterprise Value to NOPAT (EV/NOPAT)	38.36	48.61	51.40	44.43	46.40	39.21	37.68	46.09	42.65	37.26	37.92
Enterprise Value to Operating Cash Flow (EV/OCF)	19.93	24.06	20.17	19.71	23.05	21.72	26.66	29.64	25.70	20.90	27.44
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	42.59	54.28	89.75	612.64	0.00	0.00	41.07	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.59	0.57	0.66	0.54	0.58	0.67	0.66	0.74	0.75	0.69	0.75
Long-Term Debt to Equity	0.58	0.56	0.58	0.45	0.50	0.58	0.66	0.74	0.74	0.68	0.75
Financial Leverage	0.51	0.46	0.58	0.56	0.60	0.53	0.66	0.70	0.70	0.65	0.50
Leverage Ratio	2.51	2.57	2.60	2.49	2.49	2.54	2.54	2.56	2.54	2.50	2.44
Compound Leverage Factor	1.98	2.33	2.29	2.15	2.03	2.21	2.25	2.13	1.77	2.19	2.13
Debt to Total Capital	37.24%	36.22%	39.81%	34.87%	36.88%	40.06%	39.91%	42.63%	42.75%	40.86%	42.97%
Short-Term Debt to Total Capital	0.62%	0.55%	4.72%	5.44%	5.42%	5.11%	0.45%	0.41%	0.41%	0.41%	0.35%
Long-Term Debt to Total Capital	36.62%	35.67%	35.08%	29.43%	31.46%	34.95%	39.46%	42.22%	42.34%	40.45%	42.61%
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	0.13%	0.10%	0.16%	0.13%	0.11%	0.11%	0.09%	0.08%	0.09%	0.17%	0.06%
Common Equity to Total Capital	62.63%	63.68%	60.04%	65.00%	63.01%	59.84%	60.01%	57.29%	57.16%	58.97%	56.97%
Debt to EBITDA	1.99	1.96	2.41	1.89	2.04	2.39	2.37	2.77	2.84	2.54	2.87
Net Debt to EBITDA	1.76	1.61	2.02	1.61	1.75	1.65	2.18	2.54	2.69	2.25	2.72
Long-Term Debt to EBITDA	1.96	1.93	2.12	1.60	1.74	2.08	2.34	2.74	2.82	2.51	2.85
Debt to NOPAT	4.09	4.04	5.04	3.89	4.22	4.81	4.87	6.06	6.32	5.88	6.79
Net Debt to NOPAT	3.61	3.32	4.21	3.32	3.62	3.33	4.50	5.55	5.98	5.21	6.42
Long-Term Debt to NOPAT	4.02	3.98	4.44	3.29	3.60	4.20	4.82	6.00	6.25	5.83	6.74
Altman Z-Score	3.82	4.36	4.03	4.40	4.47	3.84	3.77	3.83	3.57	3.47	3.26
Noncontrolling Interest Sharing Ratio	0.19%	0.17%	0.21%	0.17%	0.16%	0.23%	0.13%	0.19%	0.12%	0.19%	0.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.31	1.30	1.23	1.30	1.36	1.47	1.61	1.68	1.63	1.63	1.60
Quick Ratio	0.97	0.98	0.91	0.93	0.96	1.09	1.11	1.18	1.13	1.20	1.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,640	-1,221	-1,003	260	5.09	-254	-455	-540	-560	125	-2,817
Operating Cash Flow to CapEx	193.87%	521.35%	369.14%	242.36%	286.21%	1,139.84%	320.71%	121.03%	47.82%	837.34%	324.05%
Free Cash Flow to Firm to Interest Expense	-30.20	-21.67	-16.72	5.73	0.12	-5.12	-9.58	-11.21	-13.44	3.34	-83.93
Operating Cash Flow to Interest Expense	4.48	12.64	12.34	8.63	5.79	20.27	8.55	2.64	0.92	15.58	10.23
Operating Cash Flow Less CapEx to Interest Expense	2.17	10.21	9.00	5.07	3.77	18.49	5.89	0.46	-1.01	13.72	7.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.43	1.36	1.35	1.44	1.45	1.41	1.37	1.32	1.30	1.30	1.38
Accounts Receivable Turnover	5.30	4.94	4.83	5.18	5.55	5.17	4.90	4.83	5.01	4.83	4.99
Inventory Turnover	86.79	92.52	89.43	96.81	96.47	128.67	127.50	124.20	118.24	154.79	176.43
Fixed Asset Turnover	9.52	9.40	9.27	9.38	9.30	9.56	9.04	8.62	8.42	8.64	0.00
Accounts Payable Turnover	6.58	5.94	5.64	6.63	7.51	6.88	6.21	6.43	6.68	6.60	6.77
Days Sales Outstanding (DSO)	68.85	73.87	75.56	70.46	65.74	70.66	74.54	75.51	72.86	75.62	73.09
Days Inventory Outstanding (DIO)	4.21	3.95	4.08	3.77	3.78	2.84	2.86	2.94	3.09	2.36	2.07
Days Payable Outstanding (DPO)	55.43	61.40	64.67	55.03	48.60	53.03	58.77	56.76	54.65	55.31	53.90
Cash Conversion Cycle (CCC)	17.63	16.41	14.97	19.20	20.93	20.47	18.64	21.68	21.30	22.67	21.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,386	10,750	11,013	9,586	9,557	9,192	9,672	9,625	9,429	8,700	8,905
Invested Capital Turnover	2.38	2.37	2.21	2.29	2.26	2.33	2.10	1.98	1.93	1.97	2.24
Increase / (Decrease) in Invested Capital	1,829	1,558	1,341	-39	128	492	767	737	691	59	3,013
Enterprise Value (EV)	41,584	50,070	47,856	40,201	40,919	34,231	30,809	32,380	27,853	23,618	21,874
Market Capitalization	37,655	46,638	43,913	37,183	37,719	31,311	27,124	28,476	23,938	20,301	18,165
Book Value per Share	$50.32	$49.57	$47.99	$44.86	$43.56	$43.17	$41.24	$39.41	$38.29	$37.67	$36.33
Tangible Book Value per Share	($0.42)	$0.95	($1.21)	$5.92	$4.55	$5.95	$4.99	$2.83	$0.98	$2.37	$0.69
Total Capital	11,906	11,492	11,777	10,104	10,088	10,482	9,978	9,987	9,646	9,129	9,120
Total Debt	4,434	4,162	4,688	3,523	3,721	4,199	3,982	4,258	4,124	3,730	3,919
Total Long-Term Debt	4,360	4,100	4,132	2,974	3,174	3,664	3,937	4,217	4,084	3,692	3,887
Net Debt	3,913	3,420	3,924	3,005	3,190	2,908	3,677	3,896	3,907	3,301	3,703
Capital Expenditures (CapEx)	125	137	200	161	83	88	127	105	80	70	106
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,397	1,143	1,313	1,603	1,768	1,709	2,282	2,238	1,966	1,739	1,819
Debt-free Net Working Capital (DFNWC)	1,918	1,885	2,077	2,121	2,299	2,999	2,588	2,600	2,183	2,167	2,034
Net Working Capital (NWC)	1,844	1,823	1,521	1,572	1,752	2,464	2,543	2,559	2,143	2,130	2,002
Net Nonoperating Expense (NNE)	40	27	39	29	7.00	24	38	31	33	9.72	39
Net Nonoperating Obligations (NNO)	3,913	3,420	3,924	3,005	3,190	2,908	3,677	3,896	3,907	3,301	3,703
Total Depreciation and Amortization (D&A)	208	213	200	163	166	160	153	150	151	135	141
Debt-free, Cash-free Net Working Capital to Revenue	5.62%	4.83%	5.73%	7.27%	8.23%	8.18%	11.70%	12.19%	11.21%	10.18%	10.97%
Debt-free Net Working Capital to Revenue	7.71%	7.96%	9.07%	9.63%	10.70%	14.36%	13.26%	14.17%	12.45%	12.69%	12.27%
Net Working Capital to Revenue	7.41%	7.70%	6.64%	7.13%	8.16%	11.80%	13.03%	13.94%	12.22%	12.47%	12.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.97	$2.08	$1.99	$1.28	$0.81	$1.45	$1.88	$1.14	$0.66	$1.13	$1.09
Adjusted Weighted Average Basic Shares Outstanding	148.27M	146.93M	147.39M	146.58M	145.94M	145.22M	145.46M	145.42M	144.47M	143.49M	143.35M
Adjusted Diluted Earnings per Share	$0.96	$2.03	$1.95	$1.26	$0.79	$1.41	$1.83	$1.12	$0.64	$1.10	$1.06
Adjusted Weighted Average Diluted Shares Outstanding	150.96M	150.06M	150.56M	149.79M	149.35M	148.82M	148.79M	148.77M	148.66M	147.99M	147.68M
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	148.20M	148.20M	147.61M	147.33M	146.39M	145.75M	145.28M	145.20M	145.18M	144.00M	142.90M
Normalized Net Operating Profit after Tax (NOPAT)	192	341	339	222	134	242	313	197	88	184	194
Normalized NOPAT Margin	3.08%	5.20%	5.22%	3.96%	2.66%	4.19%	5.56%	3.91%	1.99%	4.17%	4.36%
Pre Tax Income Margin	3.03%	6.35%	5.87%	4.77%	2.93%	5.00%	6.25%	4.67%	2.11%	5.56%	5.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.41	8.15	7.24	6.81	4.39	6.73	8.34	5.87	3.21	7.51	7.82
NOPAT to Interest Expense	3.47	5.99	5.64	4.87	3.24	4.81	6.56	4.09	3.13	4.91	5.83
EBIT Less CapEx to Interest Expense	2.10	5.72	3.90	3.25	2.36	4.95	5.68	3.68	1.28	5.65	4.66
NOPAT Less CapEx to Interest Expense	1.16	3.56	2.29	1.31	1.22	3.03	3.90	1.91	1.20	3.05	2.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.88%	5.84%	6.32%	6.24%	6.24%	6.36%	6.48%	7.51%	8.12%	8.02%	7.44%
Augmented Payout Ratio	18.36%	5.84%	6.32%	6.24%	6.24%	6.41%	6.48%	7.51%	8.12%	33.00%	33.38%

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%.

This page (CNSX:PWR) was last updated on 5/25/2025 by MarketBeat.com Staff

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Quanta Services (PWR) Financials

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