Quanta Services Inc (PWR)
Return on equity (ROE)
| 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 |
| Total stockholders’ equity | US$ in thousands | 6,272,240 | 5,383,460 | 5,112,300 | 4,344,180 | 4,050,290 |
| ROE | 11.87% | 9.12% | 9.51% | 10.26% | 9.93% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $744,689K ÷ $6,272,240K
= 11.87%
Quanta Services, Inc.'s return on equity (ROE) has shown fluctuating trends over the past five years. In 2023, the ROE increased to 11.87% from 9.12% in 2022, indicating an improvement in the company's ability to generate profit relative to shareholders' equity.
However, it is important to note that the ROE in 2023 is still below the levels recorded in 2020 and 2019, which were 10.26% and 9.93%, respectively. This suggests that Quanta Services may have experienced some challenges or changes impacting its profitability and efficiency in recent years.
Overall, the company's ROE performance should be further analyzed in conjunction with other financial metrics to gain a more comprehensive understanding of its profitability and operational effectiveness.
Peer comparison
Dec 31, 2023