Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $11,203 | $12,980 | $17,074 | $20,882 | $23,673 |
| Gross Profit | $1,661 | $1,953 | $2,529 | $2,937 | $3,511 |
| Operating Income | $611 | $664 | $872 | $1,128 | $1,346 |
| Net Income | $446 | $486 | $491 | $745 | $905 |
Over the five-year period, Quanta Services, Inc. has shown a robust upward trend in its core financial metrics. Revenue surged from approximately $11.2 billion in 2020 to about $23.7 billion in 2024, marking a significant growth especially between 2021 and 2023, where increases exceeded 20% year-over-year at times. Gross profit also followed an upward trajectory, growing from $1.66 billion in 2020 to $3.51 billion by 2024, indicating improved cost management or pricing power. Operating income more than doubled from $611 million in 2020 to roughly $1.35 billion in 2024, underlining operational efficiency and an ability to leverage rising sales into better profitability. While net income increased from $445.6 million in 2020 to $904.8 million in 2024, there was a notable stagnation in 2022—growing only marginally from $485.96 million in 2021 to $491.19 million—before a solid rebound in the later years. These trends reflect a company taking full advantage of the growing infrastructure investments and the energy services boom, given Quanta Services’ established position in specialty contracting for utilities and energy sectors. The intermittent dips and accelerated growth spurts suggest that while the firm’s underlying operations remained resilient, market conditions and potentially project execution had periodic impacts on profitability margins. Overall, the consistent growth in revenue, gross profit, operating income, and net income over the period portrays a financially healthy and sustainable company with strong operational leverage, poised to benefit from continued industry investment and favorable market dynamics.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.