Quanta Services Inc (PWR)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 963,956 | 911,366 | 789,854 | 683,860 | 683,432 | 568,774 | 575,874 | 604,586 | 616,874 | 667,227 | 664,671 | 613,622 | 564,983 | 538,949 | 496,533 | 458,030 | 567,516 | 551,554 | 528,398 | 563,761 |
| Revenue (ttm) | US$ in thousands | 20,699,050 | 19,351,160 | 18,210,790 | 17,413,820 | 16,964,340 | 16,466,920 | 15,376,000 | 14,164,130 | 12,918,810 | 11,929,390 | 11,598,750 | 11,105,910 | 11,160,720 | 11,373,800 | 11,696,580 | 12,023,630 | 12,064,950 | 12,064,370 | 11,706,800 | 14,182,960 |
| Pretax margin | 4.66% | 4.71% | 4.34% | 3.93% | 4.03% | 3.45% | 3.75% | 4.27% | 4.78% | 5.59% | 5.73% | 5.53% | 5.06% | 4.74% | 4.25% | 3.81% | 4.70% | 4.57% | 4.51% | 3.97% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $963,956K ÷ $20,699,050K
= 4.66%
Quanta Services, Inc. has shown a fluctuating trend in its pretax margin over the past eight quarters, ranging from 3.49% to 4.75%. The pretax margin measures the company's efficiency in controlling operating expenses relative to its total revenue before taxes.
In general, Quanta Services, Inc. has maintained pretax margins within the range of 4.02% to 4.75% over the past eight quarters. Despite some variations, the company has generally exhibited a stable performance in managing its costs and generating profits before taxes. The highest pretax margin of 4.75% was observed in Q3 2023, reflecting a successful balance between revenue generation and cost management during that period.
Overall, the company's pretax margin performance suggests effective cost control measures and operational efficiency, contributing to its overall profitability. However, close monitoring of future trends and consistent efforts to optimize operational expenses may be beneficial for sustaining or improving pretax margins in the future.
Peer comparison
Dec 31, 2023