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