Quanta Services, Inc.

PWR

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

23,673

Cost of Revenue

20,545

Gross Profit

3,128

Gross Margin

13.2%

Operating Income

1,337

Operating Margin

5.6%

Net Income

905

Net Margin

3.8%

EPS (Basic)

$6.16

EPS (Diluted)

$6.03

EBITDA

2,157

EBITDA Margin

9.1%

2023

12/31/2023

Revenue

20,882

Cost of Revenue

18,234

Gross Profit

2,648

Gross Margin

12.7%

Operating Income

1,134

Operating Margin

5.4%

Net Income

745

Net Margin

3.6%

EPS (Basic)

$5.13

EPS (Diluted)

$5.00

EBITDA

1,771

EBITDA Margin

8.5%

2022

12/31/2022

Revenue

17,074

Cost of Revenue

14,899

Gross Profit

2,175

Gross Margin

12.7%

Operating Income

955

Operating Margin

5.6%

Net Income

491

Net Margin

2.9%

EPS (Basic)

$3.42

EPS (Diluted)

$3.32

EBITDA

1,473

EBITDA Margin

8.6%

2021

12/31/2021

Revenue

12,980

Cost of Revenue

11,192

Gross Profit

1,788

Gross Margin

13.8%

Operating Income

679

Operating Margin

5.2%

Net Income

486

Net Margin

3.7%

EPS (Basic)

$3.45

EPS (Diluted)

$3.34

EBITDA

1,113

EBITDA Margin

8.6%

2020

12/31/2020

Revenue

11,203

Cost of Revenue

9,619

Gross Profit

1,584

Gross Margin

14.1%

Operating Income

636

Operating Margin

5.7%

Net Income

446

Net Margin

4.0%

EPS (Basic)

$3.15

EPS (Diluted)

$3.07

EBITDA

918

EBITDA Margin

8.2%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	23,673	20,882	17,074	12,980	11,203
Cost of Revenue	20,545	18,234	14,899	11,192	9,619
Gross Profit	3,128	2,648	2,175	1,788	1,584
Gross Margin	13.2%	12.7%	12.7%	13.8%	14.1%
Operating Income	1,337	1,134	955	679	636
Operating Margin	5.6%	5.4%	5.6%	5.2%	5.7%
Net Income	905	745	491	486	446
Net Margin	3.8%	3.6%	2.9%	3.7%	4.0%
EPS (Basic)	$6.16	$5.13	$3.42	$3.45	$3.15
EPS (Diluted)	$6.03	$5.00	$3.32	$3.34	$3.07
EBITDA	2,157	1,771	1,473	1,113	918
EBITDA Margin	9.1%	8.5%	8.6%	8.6%	8.2%