Cost of Revenue

Total Cost of Revenue

Quanta Services Total Cost of Revenue increased by 3.3% to $6.62B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 20.7%, from $5.49B to $6.62B. Over 4 years (FY 2021 to FY 2025), Total Cost of Revenue shows an upward trend with a 21.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement
SectionCost of Revenue
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025

How to read this metric

An increase relative to revenue may indicate rising component costs or manufacturing inefficiencies, whereas a decrease suggests better economies of scale.

Detailed definition

The direct costs attributable to the production of the goods sold and the delivery of services. This typically encompass...

Peer comparison

In the consumer electronics industry, this is often compared against revenue to determine the efficiency of the supply chain.

Metric ID: is_total_cost_of_revenue

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$2.55B$2.82B$3.33B$3.42B$3.61B$3.77B$3.75B$3.86B$4.32B$4.77B$4.99B$4.41B$4.78B$5.48B$5.49B$5.40B$5.77B$6.41B$6.62B
QoQ Change+10.4%+18.0%+2.8%+5.6%+4.5%-0.6%+2.8%+12.2%+10.4%+4.6%-11.7%+8.5%+14.6%+0.2%-1.7%+6.8%+11.3%+3.3%
YoY Change+41.4%+33.8%+12.7%+12.8%+19.9%+26.6%+33.1%+14.3%+10.6%+14.8%+10.0%+22.5%+20.5%+17.0%+20.7%
Range$2.55B$6.62B
CAGR+23.6%
Avg YoY Growth+20.7%
Median YoY Growth+19.9%
Current Streak3 quarters growth

Frequently Asked Questions

What is Quanta Services's total cost of revenue?
Quanta Services (PWR) reported total cost of revenue of $6.62B in Q4 2025.
How has Quanta Services's total cost of revenue changed year-over-year?
Quanta Services's total cost of revenue increased by 20.7% year-over-year, from $5.49B to $6.62B.
What is the long-term trend for Quanta Services's total cost of revenue?
Over 4 years (2021 to 2025), Quanta Services's total cost of revenue has grown at a 21.7% compound annual growth rate (CAGR), from $11.03B to $24.20B.
What does total cost of revenue mean?
The direct cost of making the products or providing the services that a company sells.