Business Segments · Goodwill
Underground and Infrastructure — Goodwill
Quanta Services Underground and Infrastructure — Goodwill increased by 158.9% to $2.18B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 158.9%, from $843.36M to $2.18B.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2021
Last reportedQ4 2025
Rolls up toGoodwill
How to read this metric
An increase typically reflects recent strategic acquisitions, while a decrease may indicate impairment charges or divestitures.
Detailed definition
This represents the total carrying value of goodwill associated with the Underground and Infrastructure business segment...
Peer comparison
Commonly reported by diversified engineering and construction firms as 'Segment Goodwill' or 'Goodwill by Reporting Unit'.
Metric ID:
pwr_segment_underground_and_infrastructure_goodwillHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $680.28M | $672.46M | $674.22M | $843.36M | $2.18B |
| QoQ Change | — | -1.1% | +0.3% | +25.1% | +158.9% |
| YoY Change | — | -1.1% | +0.3% | +25.1% | +158.9% |
Range$672.46M – $2.18B
CAGR+221.0%
Avg YoY Growth+45.8%
Median YoY Growth+12.7%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is Quanta Services's underground and infrastructure — goodwill?
- Quanta Services (PWR) reported underground and infrastructure — goodwill of $2.18B in Q4 2025.
- How has Quanta Services's underground and infrastructure — goodwill changed year-over-year?
- Quanta Services's underground and infrastructure — goodwill increased by 158.9% year-over-year, from $843.36M to $2.18B.
- What does underground and infrastructure — goodwill mean?
- The total value of intangible assets like brand reputation and customer relationships recorded for the Underground and Infrastructure segment.