Underground and Infrastructure — Segment operating expenses, (excluding depreciation expense)
Quanta Services Underground and Infrastructure — Segment operating expenses, (excluding depreciation expense) remained flat by 0.0% to $1.24B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 15.4%, from $1.08B to $1.24B. Over 3 years (FY 2022 to FY 2025), Underground and Infrastructure — Segment operating expenses, (excluding depreciation expense) shows an upward trend with a 7.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue may indicate rising project execution costs, inflationary pressures on labor or materials, or operational inefficiencies. A decrease relative to revenue suggests improved cost control or better project management efficiency.
Detailed definition
This metric represents the total cash-based operating costs incurred by the Underground and Infrastructure segment to de...
Peer comparison
Comparable to 'Cash Operating Expenses' or 'Cost of Services excluding Depreciation' reported by other engineering and construction firms in the utility and energy infrastructure sector.
pwr_segment_underground_and_infrastructure_segment_operating_expenses_excluding_depreciation_expenseHistorical Data
| FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|
| Value | $3.95B | $4.56B | $4.31B | $4.97B |
| YoY Change | — | +15.3% | -5.5% | +15.4% |
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Frequently Asked Questions
- What is Quanta Services's underground and infrastructure — segment operating expenses, (excluding depreciation expense)?
- Quanta Services (PWR) reported underground and infrastructure — segment operating expenses, (excluding depreciation expense) of $1.24B in Q4 2025.
- How has Quanta Services's underground and infrastructure — segment operating expenses, (excluding depreciation expense) changed year-over-year?
- Quanta Services's underground and infrastructure — segment operating expenses, (excluding depreciation expense) increased by 15.4% year-over-year, from $1.08B to $1.24B.
- What is the long-term trend for Quanta Services's underground and infrastructure — segment operating expenses, (excluding depreciation expense)?
- Over 3 years (2022 to 2025), Quanta Services's underground and infrastructure — segment operating expenses, (excluding depreciation expense) has grown at a 7.9% compound annual growth rate (CAGR), from $3.95B to $4.97B.
- What does underground and infrastructure — segment operating expenses, (excluding depreciation expense) mean?
- The total cash operating costs required to run the Underground and Infrastructure business segment, excluding depreciation.