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Quanta Services PWR Business Segments

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Revenue by Business
Electric$6.47B$6.17B+13.1%$5.46B+10.4%$4.94B
Underground and Infrastructure (1)$1.41B-0.6%$1.41B-3.0%$1.46B+11.0%$1.31B+2.0%$1.29B+9.9%
Segment Operating Income by Business
Electric$561.08M$703.84M+27.4%$552.62M+35.4%$408.16M
Underground and Infrastructure$105.62M$122.22M+34.7%$90.7M+18.0%$76.87M
Segment Operating Expenses by Business
Electric$5.92B$5.48B+11.4%$4.92B+8.1%$4.55B
Underground and Infrastructure$1.3B-0.5%$1.31B-2.3%$1.34B+9.2%$1.22B+1.0%$1.21B+7.2%
Segment operating expenses, (excluding depreciation expense) by Business
Underground and Infrastructure$1.28B$1.19B+10.1%
Equity in earnings of integral unconsolidated affiliates by Business
Electric$14.47M$13.73M-4.9%$14.44M+11.7%$12.93M
Underground and Infrastructure$0$0$0$0$0
Segment depreciation expense by Business
Electric$82.77M$72.36M+5.3%$68.73M+3.6%$66.31M
Underground and Infrastructure$25.5M-9.3%$28.12M+5.8%$26.58M+5.0%$25.3M-2.9%$26.07M+14.5%
Revenue by Geography
Australia$201.24M-3.4%$208.31M+3.1%$202.03M+2.0%$198.1M+15.8%$171.09M+4.5%
Canada$276.02M-6.3%$294.46M+6.8%$275.64M+15.6%$238.41M+13.4%$210.25M-14.7%
Others$35.91M-0.9%$36.24M-11.1%$40.77M-29.1%$57.49M-10.1%$63.95M-41.9%
United States$7.36B+0.8%$7.3B+2.7%$7.11B+13.3%$6.28B+8.5%$5.79B-4.1%
Percent of total revenues (in percent) by Geography
Australia2.6%2.6%-0.3pp2.9%+0.2pp2.7%
Canada3.5%+3.4pp0.1%-3.5pp3.6%+0.1pp3.5%+0.1pp3.4%
United States93.4%+93.3pp0.1%-93.2pp93.3%+0.5pp92.8%-0.1pp92.9%+92.7pp

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Questions, answered.

How does Quanta Services break its business down?
Quanta Services (PWR) reports revenue by business across 2 parts — Electric and Underground and Infrastructure (1). Each is extracted from the segment footnotes and tracked over time.
Where does Quanta Services's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Quanta Services's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.