Quanta Services Inc (PWR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 744,689 | 491,189 | 485,956 | 445,596 | 402,044 |
| Revenue | US$ in thousands | 20,695,300 | 16,964,300 | 12,920,400 | 11,160,700 | 12,051,100 |
| Net profit margin | 3.60% | 2.90% | 3.76% | 3.99% | 3.34% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $744,689K ÷ $20,695,300K
= 3.60%
Quanta Services, Inc.'s net profit margin has shown some fluctuation over the past five years. In 2023, the net profit margin stood at 3.57%, a slight improvement from the previous year's 2.88% but lower than the margin in 2021. The company achieved its highest net profit margin in 2020 at 3.98% and had a lower margin in 2019 at 3.32%.
Overall, Quanta Services, Inc. has maintained relatively consistent profitability with margins ranging from 2.88% to 3.98% over the past five years. Further analysis of the company's operational efficiency and cost management practices may provide insights into the factors impacting these fluctuations in net profit margin.
Peer comparison
Dec 31, 2023