QUANTA SERVICES INC

For the period ended Dec 31, 2024. Filed Feb 20, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 20, 2025

PWR$591.48+9.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(In thousands, except per share information)

	Year Ended December 31,
	2024	2023	2022
Revenues	$23,672,795	$20,882,206	$17,073,903
Cost of services	20,162,034	17,945,120	14,544,748
Gross profit	3,510,761	2,937,086	2,529,155
Equity in earnings of integral unconsolidated affiliates	50,484	41,609	52,466
Selling, general and administrative expenses	(1,824,754)	(1,555,137)	(1,336,711)
Amortization of intangible assets	(382,959)	(289,014)	(353,973)
Asset impairment charges	—	—	(14,457)
Change in fair value of contingent consideration liabilities	(7,064)	(6,568)	(4,422)
Operating income	1,346,468	1,127,976	872,058
Interest and other financing expenses	(202,687)	(186,913)	(124,363)
Interest income	32,404	10,830	2,606
Other income (expense), net	35,845	18,063	(46,415)
Income before income taxes	1,212,030	969,956	703,886
Provision for income taxes	284,747	219,267	192,243
Net income	927,283	750,689	511,643
Less: Net income attributable to non-controlling interests	22,459	6,000	20,454
Net income attributable to common stock	$904,824	$744,689	$491,189
Earnings per share attributable to common stock:
Basic	$6.16	$5.13	$3.42
Diluted	$6.03	$5.00	$3.32
Shares used in computing earnings per share:
Weighted average basic shares outstanding	146,929	145,222	143,488
Weighted average diluted shares outstanding	150,056	148,823	147,992

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.