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Business Segments · Segment operating expenses, (excluding depreciation expense)

Electric — Segment operating expenses, (excluding depreciation expense)

Quanta Services Electric — Segment operating expenses, (excluding depreciation expense) remained flat by 0.0% to $5.1B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 21.1%, from $4.21B to $5.1B. Over 3 years (FY 2022 to FY 2025), Electric — Segment operating expenses, (excluding depreciation expense) shows an upward trend with a 37.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ4 2025Feb 19, 2026

How to read this metric

An increase relative to revenue suggests margin compression or rising input costs, while a decrease relative to revenue indicates improved operational efficiency or better cost control.

Detailed definition

This metric captures the cash-based operating costs incurred to deliver electric power infrastructure services, excludin...

Peer comparison

Similar to cash operating expenses or cost of services reported by peer infrastructure contractors.

Metric ID: pwr_segment_electric_power_segment_operating_expenses_excluding_depreciation_expense

Historical Data

4 years
 FY'22FY'23FY'24FY'25
Value$7.88B$14.2B$16.86B$20.41B
YoY Change+80.0%+18.7%+21.1%
Range$7.88B$20.41B
CAGR+37.3%
Avg YoY Growth+40.0%
Median YoY Growth+21.1%
Current Streak3+ years growth

Frequently Asked Questions

What is Quanta Services's electric — segment operating expenses, (excluding depreciation expense)?
Quanta Services (PWR) reported electric — segment operating expenses, (excluding depreciation expense) of $5.1B in Q4 2025.
How has Quanta Services's electric — segment operating expenses, (excluding depreciation expense) changed year-over-year?
Quanta Services's electric — segment operating expenses, (excluding depreciation expense) increased by 21.1% year-over-year, from $4.21B to $5.1B.
What is the long-term trend for Quanta Services's electric — segment operating expenses, (excluding depreciation expense)?
Over 3 years (2022 to 2025), Quanta Services's electric — segment operating expenses, (excluding depreciation expense) has grown at a 37.3% compound annual growth rate (CAGR), from $7.88B to $20.41B.
What does electric — segment operating expenses, (excluding depreciation expense) mean?
The cash operating costs required to run the electric power infrastructure business, excluding depreciation.