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Quanta Services PWR Underground and Infrastructure — Segment Operating Expenses

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Other financials

Income statement

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Revenue$7.9B+26.3%
Gross profit$1.1B+32.8%
Operating income$338.8M+41.7%
Net income$220.6M+52.9%
EPS (diluted)$1.45+51.0%

Balance sheet

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Cash & equivalents$369.8M-29.3%
Total debt$6.4B+32.5%
Total equity$9.0B+21.3%
Total assets$25.7B+34.6%

Cash flow

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Operating cash flow$391.7M+61.1%
CapEx$220.1M+65.8%
Free cash flow$171.7M+55.4%

Valuation

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Market cap$93.91B+53.8%
Enterprise value$99.9B+52.1%
P/E85×+22.2×
P/S3.1×+0.8×

Profitability

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Gross margin15.1%+0.1pp
Operating margin5.7%-0.1pp
Net margin3.7%-0.1pp
FCF margin5.6%-0.2pp

Returns & leverage

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Return on equity13.4%-0.1pp
Debt / equity0.7×+0.1×
Current ratio1.1×-0.2×

Where this comes from

Reported directly by Quanta Services in its filing.

Tagged under the XBRL concept pwr:SegmentOperatingExpenses.

The official record: Quanta Services’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Quanta Services's underground and infrastructure — segment operating expenses?
Quanta Services (PWR) reported underground and infrastructure — segment operating expenses of $1.3B in Q1 2026.
How has Quanta Services's underground and infrastructure — segment operating expenses changed year-over-year?
Quanta Services's underground and infrastructure — segment operating expenses increased by 7.3% year-over-year, from $1.21B to $1.3B.
What is the long-term trend for Quanta Services's underground and infrastructure — segment operating expenses?
Over 3 years (2022 to 2025), Quanta Services's underground and infrastructure — segment operating expenses has grown at a 8.0% compound annual growth rate (CAGR), from $4.04B to $5.08B.
What does underground and infrastructure — segment operating expenses mean?
The total operating costs for the underground infrastructure segment, including both cash operating expenses and non-cash depreciation. This represents the full cost burden of maintaining segment operations.