Quanta Services
Quanta Services returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 11.41% | 12.96% | 13.31% | 15.17% | 5.51% | 3.7 pp |
| FY 2026 Q1 | Mar 31, 2026 | 10.14% | 11.6% | 7.2% | 13.39% | 4.92% | 2.4 pp |
| FY 2025 Q4 | Dec 31, 2025 | 9.54% | 11.17% | 4.65% | 12.65% | 4.72% | 1.8 pp |
| FY 2025 Q3 | Sep 30, 2025 | 9.66% | 11.26% | 10.33% | 13.16% | 4.89% | 2 pp |
| FY 2025 Q2 | Jun 30, 2025 | 10.46% | 12.18% | 9.14% | 13.47% | 5.43% | 2.8 pp |
| FY 2025 Q1 | Mar 31, 2025 | 10.35% | 11.99% | 11.05% | 13.48% | 5.37% | 2.7 pp |
| FY 2024 Q4 | Dec 31, 2024 | 10.33% | 11.37% | 10.08% | 13.32% | 5.18% | 2.6 pp |
| FY 2024 Q3 | Sep 30, 2024 | 9% | 10.42% | 8.45% | 12.42% | 4.76% | 1.3 pp |
| FY 2024 Q2 | Jun 30, 2024 | 9.42% | 10.98% | — | 12.86% | 5.15% | 1.7 pp |
| FY 2024 Q1 | Mar 31, 2024 | 9.29% | 10.86% | 178.7% | 12.94% | 5.19% | 1.6 pp |
| FY 2023 Q4 | Dec 31, 2023 | 9.76% | 10.7% | 48.64% | 12.78% | 5.01% | 2.1 pp |
| FY 2023 Q3 | Sep 30, 2023 | 8.8% | 10.17% | 31.39% | 12.45% | 4.89% | 1.1 pp |
| FY 2023 Q2 | Jun 30, 2023 | 7.59% | 9.14% | 18.91% | 10.68% | 4.17% | -0.1 pp |
| FY 2023 Q1 | Mar 31, 2023 | 7.19% | 8.63% | 17.55% | 9.42% | 3.71% | -0.5 pp |
| FY 2022 Q4 | Dec 31, 2022 | 7.31% | 8.83% | 186.84% | 9.36% | 3.73% | -0.4 pp |
| FY 2022 Q3 | Sep 30, 2022 | 7.8% | 8.24% | -0.06% | 8.82% | 3.62% | 0.1 pp |
| FY 2022 Q2 | Jun 30, 2022 | 7.75% | 8.7% | -0.03% | 9.4% | 4.15% | 0.1 pp |
| FY 2022 Q1 | Mar 31, 2022 | 7.45% | 8.21% | 0.29% | 10.11% | 4.46% | -0.2 pp |
| FY 2021 Q4 | Dec 31, 2021 | 7.49% | 8.32% | 1.23% | 10.28% | 4.57% | -0.2 pp |
| FY 2021 Q3 | Sep 30, 2021 | 10.48% | 9.67% | 20.3% | 12.55% | 5.8% | 2.8 pp |
| FY 2021 Q2 | Jun 30, 2021 | 10.83% | 11.01% | 17.92% | 12.85% | 6.42% | 3.1 pp |
| FY 2021 Q1 | Mar 31, 2021 | 9.84% | 10.25% | 34.83% | 12.17% | 5.92% | 2.1 pp |
| FY 2020 Q4 | Dec 31, 2020 | 9.12% | 9.92% | 91.65% | 10.62% | 5.33% | 1.4 pp |
| FY 2020 Q3 | Sep 30, 2020 | 7.88% | 9.22% | — | — | 4.61% | 0.2 pp |
| FY 2020 Q2 | Jun 30, 2020 | 8.13% | 9.09% | — | — | 4.58% | 0.4 pp |
| FY 2020 Q1 | Mar 31, 2020 | 7.19% | 8.61% | -53.46% | — | 4.07% | -0.5 pp |
| FY 2019 Q4 | Dec 31, 2019 | 7.98% | 9.79% | 7.22% | 10.5% | 5.22% | 0.3 pp |
| FY 2019 Q3 | Sep 30, 2019 | 6.64% | 9.37% | -7.2% | — | 4.28% | -1.1 pp |
| FY 2019 Q2 | Jun 30, 2019 | 6.96% | 9.63% | -3.72% | — | 4.49% | -0.7 pp |
| FY 2019 Q1 | Mar 31, 2019 | 8.26% | 10.65% | 7.76% | — | 5.29% | 0.6 pp |
| FY 2018 Q4 | Dec 31, 2018 | 7.8% | 10.53% | 2.84% | — | 4.37% | 0.1 pp |
| FY 2018 Q3 | Sep 30, 2018 | 9.23% | 8.53% | 39.57% | — | 5.12% | 1.5 pp |
| FY 2018 Q2 | Jun 30, 2018 | 8.87% | 8.2% | 15.57% | — | 5.08% | 1.2 pp |
| FY 2018 Q1 | Mar 31, 2018 | 8.46% | 8.08% | 14.96% | — | 5.06% | 0.8 pp |
| FY 2017 Q4 | Dec 31, 2017 | 8.6% | 8.29% | 17.87% | — | 5.38% | 0.9 pp |
| FY 2017 Q3 | Sep 30, 2017 | 7.62% | 9.55% | 25.32% | — | 4.8% | -0.1 pp |
| FY 2017 Q2 | Jun 30, 2017 | 7.78% | 10.12% | 44.18% | — | 4.98% | 0.1 pp |
| FY 2017 Q1 | Mar 31, 2017 | 6.65% | 8.6% | 45.54% | — | 4.2% | -1.1 pp |
| FY 2016 Q4 | Dec 31, 2016 | 5.94% | 7.86% | 48.43% | — | 3.79% | -1.8 pp |
| FY 2016 Q3 | Sep 30, 2016 | 3.23% | 5% | -70.41% | — | 1.97% | -4.5 pp |
| FY 2016 Q2 | Jun 30, 2016 | 2.26% | 3.48% | — | — | 4.4% | -5.4 pp |
| FY 2016 Q1 | Mar 31, 2016 | 2.73% | 4.2% | — | — | 4.98% | -5 pp |
| FY 2015 Q4 | Dec 31, 2015 | 3.47% | 5.17% | — | — | 5.58% | -4.2 pp |
| FY 2015 Q3 | Sep 30, 2015 | 5.42% | 7.71% | — | — | 6.85% | -2.3 pp |
| FY 2015 Q2 | Jun 30, 2015 | 6.26% | 8.37% | -49.08% | — | 4.63% | -1.4 pp |
| FY 2015 Q1 | Mar 31, 2015 | 7.63% | 9.71% | -3.8% | — | 5.26% | -0.1 pp |
| FY 2014 Q4 | Dec 31, 2014 | 7.77% | 9.58% | -4.53% | — | 5.21% | 0.1 pp |
| FY 2014 Q3 | Sep 30, 2014 | — | 10.72% | — | — | 7.09% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 11.03% | — | — | 7.46% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 10.87% | — | — | 7.34% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | 11.7% | — | — | 7.71% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | 11.43% | — | — | 6.55% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 12.02% | — | — | 7.03% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 12.14% | — | — | 7.05% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | 11.38% | — | — | 6.56% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | 10.54% | — | — | 6% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 9.55% | — | — | 5.36% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 8.27% | — | — | 4.64% | — |
| FY 2011 Q4 | Dec 31, 2011 | 4.92% | 5.61% | -6.75% | — | 3.19% | -2.8 pp |
| FY 2011 Q3 | Sep 30, 2011 | — | 4.82% | — | — | 2.51% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | 4.91% | — | — | 2.81% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | 4.99% | — | — | 2.75% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | 6.87% | — | — | 3.68% | — |
| FY 2010 Q3 | Sep 30, 2010 | — | 7.98% | — | — | 4.26% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | 7.47% | — | — | 4.39% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 19, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · PWR, USD. Latest completed close Oct 27, 2026. Price data retrieved Oct 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.