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.
Higher expenses relative to revenue indicate lower operational efficiency or increased cost pressures within the segment.
The total operating costs for the underground infrastructure segment, including both cash operating expenses and non-cas...
Standard segment-level operating expense metric used across the construction and engineering sector.
pwr_segment_underground_and_infrastructure_segment_operating_expenses| 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% |