Quanta Net Income vs Capital Expenditures Analysis

PWR Stock

USD 319.90 2.08 0.65%

Quanta Services financial indicator trend analysis is much more than just breaking down Quanta Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quanta Services is a good investment. Please check the relationship between Quanta Services Net Income and its Capital Expenditures accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quanta Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in Quanta Stock, please use our How to Invest in Quanta Services guide.

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quanta Services Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Quanta Services' Net Income and Capital Expenditures is 0.9. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Quanta Services, assuming nothing else is changed. The correlation between historical values of Quanta Services' Net Income and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Quanta Services are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., Quanta Services' Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Quanta Services financial statement analysis. It represents the amount of money remaining after all of Quanta Services operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Capital Expenditures

Capital Expenditures are funds used by Quanta Services to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Quanta Services operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Quanta Services' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quanta Services current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quanta Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in Quanta Stock, please use our How to Invest in Quanta Services guide.At this time, Quanta Services' Selling General Administrative is relatively stable compared to the past year. As of 12/11/2024, Sales General And Administrative To Revenue is likely to grow to 0.10, though Discontinued Operations is likely to grow to (373.6 K).

	2021	2022	2023	2024 (projected)
Gross Profit	2.0B	2.5B	2.9B	3.1B
Total Revenue	13.0B	17.1B	20.9B	21.9B

Gross Profit Total Revenue

Quanta Services fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Liab	Other Assets
Total Assets		0.95	0.77	0.98	0.92	0.98	0.9	0.95	0.9	0.78	0.99	0.63	0.78	0.99	0.01	0.96	0.84	0.9	-0.03	0.98	0.94	0.99	0.87	0.91	0.94	0.91
Short Long Term Debt Total	0.95		0.78	0.95	0.75	0.89	0.98	0.94	0.82	0.69	0.95	0.58	0.69	0.94	-0.25	1.0	0.78	0.79	-0.29	0.99	0.87	0.93	0.85	0.96	0.91	0.95
Other Current Liab	0.77	0.78		0.7	0.68	0.78	0.81	0.76	0.59	0.37	0.82	0.76	0.37	0.74	-0.12	0.8	0.46	0.6	-0.11	0.76	0.62	0.69	0.57	0.83	0.69	0.68
Total Current Liabilities	0.98	0.95	0.7		0.85	0.94	0.89	0.95	0.92	0.83	0.95	0.66	0.83	0.98	-0.1	0.95	0.88	0.9	-0.15	0.98	0.97	0.99	0.94	0.87	0.94	0.91
Total Stockholder Equity	0.92	0.75	0.68	0.85		0.96	0.68	0.82	0.85	0.73	0.91	0.59	0.73	0.89	0.38	0.79	0.74	0.88	0.33	0.83	0.87	0.9	0.72	0.75	0.82	0.73
Property Plant And Equipment Net	0.98	0.89	0.78	0.94	0.96		0.85	0.94	0.89	0.71	0.98	0.63	0.71	0.97	0.12	0.91	0.79	0.9	0.05	0.94	0.92	0.96	0.81	0.86	0.92	0.83
Net Debt	0.9	0.98	0.81	0.89	0.68	0.85		0.92	0.76	0.54	0.92	0.53	0.54	0.9	-0.33	0.98	0.71	0.71	-0.37	0.95	0.77	0.86	0.75	0.96	0.88	0.92
Retained Earnings	0.95	0.94	0.76	0.95	0.82	0.94	0.92		0.9	0.64	0.93	0.61	0.64	0.98	-0.17	0.94	0.82	0.83	-0.26	0.96	0.89	0.95	0.84	0.85	0.97	0.85
Accounts Payable	0.9	0.82	0.59	0.92	0.85	0.89	0.76	0.9		0.72	0.85	0.64	0.72	0.94	0.03	0.82	0.86	0.89	-0.05	0.88	0.9	0.94	0.83	0.71	0.91	0.85
Cash	0.78	0.69	0.37	0.83	0.73	0.71	0.54	0.64	0.72		0.72	0.54	1.0	0.74	0.11	0.67	0.77	0.78	0.15	0.75	0.91	0.83	0.9	0.61	0.66	0.7
Non Current Assets Total	0.99	0.95	0.82	0.95	0.91	0.98	0.92	0.93	0.85	0.72		0.61	0.72	0.96	0.04	0.97	0.79	0.86	0.0	0.97	0.9	0.96	0.81	0.94	0.91	0.9
Non Currrent Assets Other	0.63	0.58	0.76	0.66	0.59	0.63	0.53	0.61	0.64	0.54	0.61		0.54	0.62	-0.03	0.57	0.51	0.62	-0.04	0.62	0.67	0.64	0.67	0.54	0.57	0.54
Cash And Short Term Investments	0.78	0.69	0.37	0.83	0.73	0.71	0.54	0.64	0.72	1.0	0.72	0.54		0.74	0.11	0.67	0.77	0.78	0.15	0.75	0.91	0.83	0.9	0.61	0.66	0.7
Net Receivables	0.99	0.94	0.74	0.98	0.89	0.97	0.9	0.98	0.94	0.74	0.96	0.62	0.74		-0.05	0.95	0.85	0.9	-0.13	0.98	0.94	0.99	0.87	0.87	0.97	0.9
Common Stock Shares Outstanding	0.01	-0.25	-0.12	-0.1	0.38	0.12	-0.33	-0.17	0.03	0.11	0.04	-0.03	0.11	-0.05		-0.19	0.01	0.16	0.94	-0.15	0.02	-0.01	-0.19	-0.15	-0.09	-0.18
Non Current Liabilities Total	0.96	1.0	0.8	0.95	0.79	0.91	0.98	0.94	0.82	0.67	0.97	0.57	0.67	0.95	-0.19		0.78	0.8	-0.24	0.99	0.86	0.93	0.82	0.97	0.92	0.95
Inventory	0.84	0.78	0.46	0.88	0.74	0.79	0.71	0.82	0.86	0.77	0.79	0.51	0.77	0.85	0.01	0.78		0.84	-0.08	0.84	0.88	0.88	0.83	0.68	0.91	0.8
Other Current Assets	0.9	0.79	0.6	0.9	0.88	0.9	0.71	0.83	0.89	0.78	0.86	0.62	0.78	0.9	0.16	0.8	0.84		0.11	0.86	0.92	0.92	0.85	0.7	0.85	0.8
Other Stockholder Equity	-0.03	-0.29	-0.11	-0.15	0.33	0.05	-0.37	-0.26	-0.05	0.15	0.0	-0.04	0.15	-0.13	0.94	-0.24	-0.08	0.11		-0.2	-0.01	-0.06	-0.19	-0.15	-0.21	-0.19
Total Liab	0.98	0.99	0.76	0.98	0.83	0.94	0.95	0.96	0.88	0.75	0.97	0.62	0.75	0.98	-0.15	0.99	0.84	0.86	-0.2		0.93	0.97	0.89	0.93	0.94	0.94
Property Plant And Equipment Gross	0.94	0.87	0.62	0.97	0.87	0.92	0.77	0.89	0.9	0.91	0.9	0.67	0.91	0.94	0.02	0.86	0.88	0.92	-0.01	0.93		0.97	0.96	0.78	0.88	0.83
Total Current Assets	0.99	0.93	0.69	0.99	0.9	0.96	0.86	0.95	0.94	0.83	0.96	0.64	0.83	0.99	-0.01	0.93	0.88	0.92	-0.06	0.97	0.97		0.92	0.85	0.95	0.9
Short Term Debt	0.87	0.85	0.57	0.94	0.72	0.81	0.75	0.84	0.83	0.9	0.81	0.67	0.9	0.87	-0.19	0.82	0.83	0.85	-0.19	0.89	0.96	0.92		0.73	0.82	0.81
Intangible Assets	0.91	0.96	0.83	0.87	0.75	0.86	0.96	0.85	0.71	0.61	0.94	0.54	0.61	0.87	-0.15	0.97	0.68	0.7	-0.15	0.93	0.78	0.85	0.73		0.82	0.91
Other Liab	0.94	0.91	0.69	0.94	0.82	0.92	0.88	0.97	0.91	0.66	0.91	0.57	0.66	0.97	-0.09	0.92	0.91	0.85	-0.21	0.94	0.88	0.95	0.82	0.82		0.87
Other Assets	0.91	0.95	0.68	0.91	0.73	0.83	0.92	0.85	0.85	0.7	0.9	0.54	0.7	0.9	-0.18	0.95	0.8	0.8	-0.19	0.94	0.83	0.9	0.81	0.91	0.87

Click cells to compare fundamentals

Quanta Services Account Relationship Matchups

Quanta Services fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.3B	8.4B	12.9B	13.5B	16.2B	17.0B
Short Long Term Debt Total	1.7B	1.5B	4.0B	4.0B	4.5B	4.7B
Other Current Liab	750.1M	1.1B	1.7B	777.0M	955.7M	1.0B
Total Current Liabilities	2.3B	2.1B	3.2B	3.4B	5.2B	5.5B
Total Stockholder Equity	4.1B	4.3B	5.1B	5.4B	6.3B	6.6B
Property Plant And Equipment Net	1.7B	1.8B	2.2B	2.3B	2.6B	2.7B
Net Debt	1.5B	1.3B	3.8B	3.5B	3.2B	3.3B
Retained Earnings	2.9B	3.3B	3.7B	4.2B	4.9B	5.1B
Accounts Payable	1.5B	798.0M	1.3B	1.3B	2.0B	2.1B
Cash	164.8M	184.6M	229.1M	428.5M	1.3B	1.4B
Non Current Assets Total	4.5B	4.8B	8.1B	7.9B	8.6B	9.0B
Non Currrent Assets Other	393.3M	435.7M	632.2M	(106.5M)	565.6M	593.9M
Cash And Short Term Investments	164.8M	184.6M	229.1M	428.5M	1.3B	1.4B
Net Receivables	3.3B	3.2B	4.2B	4.8B	5.8B	6.1B
Common Stock Shares Outstanding	147.5M	145.2M	145.4M	148.0M	148.8M	159.0M
Liabilities And Stockholders Equity	8.3B	8.4B	12.9B	13.5B	16.2B	17.0B
Non Current Liabilities Total	2.0B	1.9B	4.6B	4.7B	4.7B	5.0B
Inventory	55.7M	50.5M	84.7M	103.3M	175.7M	184.4M
Other Current Assets	261.3M	183.4M	215.1M	249.6M	387.1M	406.5M
Other Stockholder Equity	1.4B	1.3B	1.6B	1.5B	1.7B	1.8B
Total Liab	4.3B	4.0B	7.7B	8.1B	10.0B	10.5B
Property Plant And Equipment Gross	1.7B	1.8B	2.2B	2.3B	4.4B	4.6B
Total Current Assets	3.8B	3.6B	4.7B	5.5B	7.7B	8.1B
Accumulated Other Comprehensive Income	(241.8M)	(233.0M)	(237.7M)	(310.7M)	(282.9M)	(268.8M)
Short Term Debt	167.3M	185.0M	185.7M	185.6M	691.2M	725.8M
Intangible Assets	413.7M	435.7M	1.8B	1.5B	1.4B	1.4B
Other Liab	526.1M	557.6M	678.4M	795.4M	914.7M	960.4M
Other Assets	393.3M	692.56	632.2M	622.7M	716.1M	752.0M
Long Term Debt	1.3B	1.2B	3.7B	3.7B	3.7B	3.8B
Good Will	2.0B	2.1B	3.5B	3.6B	4.0B	4.2B
Property Plant Equipment	1.7B	1.8B	2.2B	2.3B	2.6B	2.7B
Treasury Stock	(586.8M)	(857.8M)	(980.3M)	(1.2B)	(1.1B)	(1.0B)
Current Deferred Revenue	606.1M	528.9M	802.9M	1.1B	1.5B	1.6B
Net Tangible Assets	1.6B	1.8B	(217.8M)	338.1M	304.3M	289.1M
Noncontrolling Interest In Consolidated Entity	3.5M	4.8M	4.6M	15.4M	13.8M	13.1M
Retained Earnings Total Equity	2.9B	3.3B	3.7B	4.2B	4.8B	5.0B

Pair Trading with Quanta Services

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Quanta Services position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Quanta Services will appreciate offsetting losses from the drop in the long position's value.

Moving together with Quanta Stock

0.76	J	Jacobs Solutions	Pair Corr
0.78	ESOA	Energy Services Earnings Call This Week	Pair Corr
0.87	WLGS	Wang Lee Group,	Pair Corr

The ability to find closely correlated positions to Quanta Services could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quanta Services when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Quanta Services - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Quanta Services to buy it.

The correlation of Quanta Services is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Quanta Services moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quanta Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Quanta Services can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Quanta Stock Analysis

When running Quanta Services' price analysis, check to measure Quanta Services' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quanta Services is operating at the current time. Most of Quanta Services' value examination focuses on studying past and present price action to predict the probability of Quanta Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quanta Services' price. Additionally, you may evaluate how the addition of Quanta Services to your portfolios can decrease your overall portfolio volatility.

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