Quanta Services Inc (PWR)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 904,824 | 810,612 | 790,263 | 768,003 | 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 |
| Total stockholders’ equity | US$ in thousands | 7,317,730 | 7,070,620 | 6,567,640 | 6,356,620 | 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 |
| ROE | 12.36% | 11.46% | 12.03% | 12.08% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $904,824K ÷ $7,317,730K
= 12.36%
Quanta Services Inc's return on equity (ROE) has shown fluctuations over the period reported. The ROE increased from 8.45% as of March 31, 2020, to a peak of 12.36% by December 31, 2024. This improvement in ROE indicates that the company was able to generate more profits relative to shareholders' equity invested in the business.
However, it's important to note that there were some periods where the ROE decreased, such as in the second quarter of 2022 when it dropped to 8.81%. These fluctuations in ROE suggest that the company's profitability and efficiency in using shareholders' equity varied throughout the period.
Overall, the increasing trend in ROE from 2020 to 2024, with some intermittent fluctuations, indicates that Quanta Services Inc was able to effectively leverage its equity to generate profit for its shareholders over the period analyzed.
Peer comparison
Dec 31, 2024