Business Segments · Revenue

Underground and Infrastructure — Revenue

Quanta Services Underground and Infrastructure — Revenue decreased by 3.0% to $1.41B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 20.6%, from $1.17B to $1.41B. Over 3 years (FY 2021 to FY 2025), Underground and Infrastructure — Revenue shows an upward trend with a 15.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ1 2021
Last reportedQ4 2025
Rolls up toTotal Revenue

How to read this metric

An increase indicates higher demand for underground utility services or successful project execution, while a decrease may signal market saturation or project delays.

Detailed definition

Represents the total gross revenue generated by the underground utility and infrastructure business segment. This metric...

Peer comparison

Similar to revenue metrics for infrastructure services divisions in peer engineering and construction firms.

Metric ID: pwr_segment_underground_and_infrastructure_revenues

Historical Data

16 periods
 Q2 '21Q3 '21Q4 '21Q3 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$882.68M$882.68M$882.68M$1.20B$1.08B$1.24B$1.38B$1.30B$1.12B$1.11B$1.26B$1.17B$1.29B$1.31B$1.46B$1.41B
QoQ Change+0.0%+0.0%+35.8%-9.5%+14.7%+11.3%-6.0%-13.9%-1.2%+13.7%-6.9%+9.9%+2.0%+11.0%-3.0%
YoY Change+35.8%+15.5%+3.3%-11.0%-9.1%-9.9%+15.0%+18.7%+15.9%+20.6%
Range$882.68M$1.46B
CAGR+13.4%
Avg YoY Growth+9.5%
Median YoY Growth+15.3%

Frequently Asked Questions

What is Quanta Services's underground and infrastructure — revenue?
Quanta Services (PWR) reported underground and infrastructure — revenue of $1.41B in Q4 2025.
How has Quanta Services's underground and infrastructure — revenue changed year-over-year?
Quanta Services's underground and infrastructure — revenue increased by 20.6% year-over-year, from $1.17B to $1.41B.
What is the long-term trend for Quanta Services's underground and infrastructure — revenue?
Over 3 years (2021 to 2025), Quanta Services's underground and infrastructure — revenue has grown at a 15.8% compound annual growth rate (CAGR), from $3.53B to $5.48B.
What does underground and infrastructure — revenue mean?
Total sales generated by the underground infrastructure business segment.