Quanta Services Inc (PWR)

Return on equity (ROE)

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
Net income (ttm) US$ in thousands 744,689 696,353 579,473 501,594 491,189 433,414 451,823 480,836 485,956 551,210 539,758 496,671 445,596 393,689 366,844 320,242 402,044 340,716 329,199 376,261
Total stockholders’ equity US$ in thousands 6,272,240 5,987,310 5,720,930 5,513,420 5,383,460 5,196,050 5,127,020 5,137,520 5,112,300 4,630,710 4,486,730 4,374,940 4,344,180 4,151,950 3,914,430 3,790,490 4,050,290 3,907,410 3,774,920 3,723,740
ROE 11.87% 11.63% 10.13% 9.10% 9.12% 8.34% 8.81% 9.36% 9.51% 11.90% 12.03% 11.35% 10.26% 9.48% 9.37% 8.45% 9.93% 8.72% 8.72% 10.10%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $744,689K ÷ $6,272,240K
= 11.87%

Quanta Services, Inc.'s return on equity (ROE) has shown a generally upward trend over the past eight quarters, indicating an improvement in the company's ability to generate profits from its shareholders' equity. The average ROE for Quanta Services, Inc. over this period is approximately 10.2%.

In the latest quarter, Q4 2023, Quanta Services, Inc. reported an ROE of 11.87%, which is higher than the ROE in the previous quarter, indicating a positive performance trend in terms of profitability relative to its shareholders' equity. This suggests that the company has managed its assets efficiently to generate increased profits for its shareholders.

Overall, the consistency and improvement in Quanta Services, Inc.'s ROE over the past two years reflect a positive trend in the company's financial performance and efficiency in utilizing its equity capital to generate returns for its investors.


Peer comparison

Dec 31, 2023

Company name
Symbol
ROE
Quanta Services Inc
PWR
11.87%
Comfort Systems USA Inc
FIX
25.31%
EMCOR Group Inc
EME
25.63%