• Quanta Services average return on tangible equity for 2023 was 218.98, a 403.29% decline from 2022.
• Quanta Services average return on tangible equity for 2022 was 43.51, a 42.33% increase from 2021.
• Quanta Services average return on tangible equity for 2021 was 30.57, a 23.02% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.