Quanta Services Inc (PWR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,127,980 | 872,058 | 663,521 | 611,371 | 554,874 |
| Revenue | US$ in thousands | 20,695,300 | 16,964,300 | 12,920,400 | 11,160,700 | 12,051,100 |
| Operating profit margin | 5.45% | 5.14% | 5.14% | 5.48% | 4.60% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,127,980K ÷ $20,695,300K
= 5.45%
Quanta Services, Inc.'s operating profit margin has shown fluctuations over the past five years. In 2023, the operating profit margin increased to 5.23%, representing a slight improvement compared to 2022 when it was 4.91%. Despite this increase, the operating profit margin in 2023 remains lower than the levels seen in 2020 and 2019 when it was 5.44% and 4.81%, respectively. It is important to note that while the operating profit margin has fluctuated, it indicates that Quanta Services, Inc. has been able to effectively manage its operating expenses relative to its revenue. Monitoring this metric over time can provide insights into the company's operational efficiency and profitability trends.
Peer comparison
Dec 31, 2023