Quanta Services Inc (PWR)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 963,956 | 683,432 | 616,874 | 564,983 | 567,516 |
| Revenue | US$ in thousands | 20,695,300 | 16,964,300 | 12,920,400 | 11,160,700 | 12,051,100 |
| Pretax margin | 4.66% | 4.03% | 4.77% | 5.06% | 4.71% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $963,956K ÷ $20,695,300K
= 4.66%
Quanta Services, Inc.'s pretax margin has shown some fluctuation over the past five years. In 2023, the pretax margin stood at 4.64%, representing a slight increase from the previous year's margin of 4.12%. Despite this improvement, the pretax margin in 2023 was lower than the margins recorded in 2021 (4.80%) and 2020 (5.10%). Looking back to 2019, the pretax margin was comparable to the latest figure at 4.72%.
The trend in Quanta Services, Inc.'s pretax margin indicates some variability in the company's ability to generate profits before accounting for taxes. This measure is crucial as it reflects the efficiency of the company's cost management and revenue generation strategies. Further analysis of the company's income statement and operational efficiency may provide insights into the factors influencing these fluctuations in the pretax margin over the years.
Peer comparison
Dec 31, 2023