Quanta Services Inc (PWR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,937,090 | 2,529,160 | 1,953,260 | 1,660,850 | 1,600,250 |
| Revenue | US$ in thousands | 20,695,300 | 16,964,300 | 12,920,400 | 11,160,700 | 12,051,100 |
| Gross profit margin | 14.19% | 14.91% | 15.12% | 14.88% | 13.28% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,937,090K ÷ $20,695,300K
= 14.19%
Quanta Services, Inc.'s gross profit margin has shown a slight decline over the past five years. The trend depicts a decrease from 13.21% in 2019 to 14.07% in 2023, with fluctuations in between. The company's gross profit margin peaked at 15.05% in 2021 but has since been on a downward trajectory. This indicates that Quanta Services may be facing challenges in maintaining profitability in its core operations, possibly due to factors such as changes in costs of goods sold or pricing strategies. Further analysis of the company's cost structure and pricing policies may be warranted to identify opportunities for improving its gross profit margin in the future.
Peer comparison
Dec 31, 2023