Underground and Infrastructure — Segment Operating Expenses
Quanta Services Underground and Infrastructure — Segment Operating Expenses decreased by 2.3% to $1.31B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 15.6%, from $1.13B to $1.31B. Over 3 years (FY 2022 to FY 2025), Underground and Infrastructure — Segment Operating Expenses shows an upward trend with a 8.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Higher expenses relative to revenue indicate lower operational efficiency or increased cost pressures within the segment.
Detailed definition
The total operating costs for the underground infrastructure segment, including both cash operating expenses and non-cas...
Peer comparison
Standard segment-level operating expense metric used across the construction and engineering sector.
pwr_segment_underground_and_infrastructure_segment_operating_expensesHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.01B | $1.01B | $1.01B | $1.01B | $1.16B | $1.16B | $1.16B | $1.16B | $1.07B | $1.03B | $1.17B | $1.13B | $1.21B | $1.22B | $1.34B | $1.31B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +14.8% | +0.0% | +0.0% | +0.0% | -7.4% | -4.5% | +13.6% | -3.0% | +7.2% | +1.0% | +9.2% | -2.3% |
| YoY Change | — | — | — | — | +14.8% | +14.8% | +14.8% | +14.8% | -7.4% | -11.5% | +0.5% | -2.5% | +12.9% | +19.3% | +14.7% | +15.6% |
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Frequently Asked Questions
- What is Quanta Services's underground and infrastructure — segment operating expenses?
- Quanta Services (PWR) reported underground and infrastructure — segment operating expenses of $1.31B in Q4 2025.
- How has Quanta Services's underground and infrastructure — segment operating expenses changed year-over-year?
- Quanta Services's underground and infrastructure — segment operating expenses increased by 15.6% year-over-year, from $1.13B to $1.31B.
- What is the long-term trend for Quanta Services's underground and infrastructure — segment operating expenses?
- Over 3 years (2022 to 2025), Quanta Services's underground and infrastructure — segment operating expenses has grown at a 8.0% compound annual growth rate (CAGR), from $4.04B to $5.08B.
- What does underground and infrastructure — segment operating expenses mean?
- Total operating costs for the underground infrastructure segment including depreciation.