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What is PWR's Change in Working Capital?

  Quanta Services Inc ( PWR ) |
1997 - 2021 (25 years)

Change in Working Capital is 
$9.5M (1Y -105.8% )

PWR Stock Price & Change in Working Capital

Change in Working Capital for PWR competitors.
MYRG PRIM MTZ EME DY FLR IESC
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Change in Working Capital

chevron_right 2021 $6.8M +1.4x
( +3.6% / year avg)
chevron_left 1997 $2.8M
vertical_align_top Peak $410.4M +1.92x *
vertical_align_bottom Bottom -$445.7M
arrow_drop_up # Up Years 10 10 of 25
years up.
arrow_drop_down # Down Years 15
Up Years = Positive (0%+) YoY change
Down Years = Zero or Negative (0% or less) YoY change

Key Points (Stonk Price Comparison)

  • PWR's stock price has rallied +558% from $7.89 in 1997 , or +3.28x faster than it's change in working capital over the same period.
  • If PWR grows it's stock at the same rate as it's change in working capital (+3.6%/year) , it's stock price will grow +142% and hit $74.02 over the next 10 years.
  • PWR's stock price has gone up 0 of the 10 years (0%) it's change in working capital were also up.
* A modified method (see: here) is used to calculate changes that involve negative numbers.
  • PWR Historical Change in Working Capital Table
    in $ million
    * A modified method (see: here) is used to calculate changes that involve negative numbers.
    Year Change in Working Capital YoY % Change* Stock Price YoY % Change (Stock Price)
    4/1/2021 $6 -101.5% - -
    4/1/2020 $-445 -216.5% - -
    4/1/2019 $382 85.5% - -
    4/1/2018 $206 5.0% - -
    4/1/2017 $196 43.0% - -
    4/1/2016 $137 -133.9% - -
    4/1/2015 $-404 -271.7% - -
    4/1/2014 $235 -712.7% - -
    4/1/2013 $-38 -113.5% - -
    4/1/2012 $285 -249.1% - -
    4/1/2011 $-191 -284.3% - -
    4/1/2010 $103 -74.7% - -
    4/1/2009 $410 -307.1% - -
    4/1/2008 $-198 -208.0% - -
    4/1/2007 $183 62.1% - -
    4/1/2006 $113 80.6% - -
    4/1/2005 $62 -42.1% - -
    4/1/2004 $108 184.1% - -
    4/1/2003 $38 -2096.7% - -
    4/1/2002 $-1 -103.6% - -
    4/1/2001 $52 -66.8% - -
    4/1/2000 $157 126.5% - -
    4/1/1999 $69 11.7% - -
    4/1/1998 $62 2128.6% - -
    4/1/1997 $2 - - -

  • About
    Industry: Engineering & Construction
    Sector: Industrials
    Country: US
    IPO Date: 2/12/1998
    Stonk Exchange: NYSE
    • Quanta Services, Inc
    • engages in the provision of specialty contracting services, offering infrastructure solutions to the electric power, oil and gas, and communication industries.
    • The company is headquartered in Houston, Texas and currently employs 8,400 full-time employees.
    • The firm operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.
    • The services it provides include the design, installation, upgrade, repair and maintenance of infrastructure within each of the industries it serves, such as electric power transmission and distribution networks, substation facilities, renewable energy facilities, pipeline transmission and distribution systems and facilities, and infrastructure services for the offshore and inland water energy markets.

  • Change in Working Capital Summary: On the Cash Flow Statement, the Change in Working Capital is defined as Old Working Capital – New Working Capital, where Working Capital = Current Operational Assets – Current Operational Liabilities.

    It’s defined this way on the Cash Flow Statement because Working Capital is a Net Asset, and when an Asset increases, the company must spend cash to do so. For example, think about Inventory: if it goes up, and no other items change, the company must have spent some of its cash to purchase this Inventory.

    Therefore, if Working Capital increases, the company’s cash flow decreases, and if Working Capital decreases, the company’s cash flow increases.

    That explains why the Change in Working Capital has a negative sign when Working Capital increases, while it has a positive sign when Working Capital decreases.

    The Change in Working Capital gives you an idea of how much a company’s cash flow will differ from its Net Income (i.e., after-tax profits), and companies with more power to collect cash quickly from customers and delay payments to suppliers tend to have more positive Change in Working Capital figures.

    For more detailed definitions, please see Investopedia.