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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 6.49B | 16.1% |
| Gross Profit | 1.01B | 24.8% |
| Cost of Revenue | 6.08B | 14.7% |
| Operating expense | 599M | 16.4% |
| Net Income | 293M | 55.8% |
| EBITDA | 544M | 39.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 18.9B | 18.4% |
| Total Liabilities | 11.8B | 26% |
| Total Equity | 7.07B | 7.7% |
| Shares Outstanding | 148M | 0.8% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 740M | 89.1% |
| Cash from investing | -1.54B | 658.9% |
| Cash from financing | 1.03B | 608.6% |
EPS
Financial Highlights for Quanta Services in Q3 '24
Quanta Services reported a revenue of 6.49B, which is a 16.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.01B, marking a 24.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 6.08B, a 14.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 599M, showing a 16.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 293M, showing a 55.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 544M, showing a 39.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Quanta Services with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
