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Quanta Services PWR Business Segments

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Revenue by Business
Underground and Infrastructure (1)$5.6B+15.9%$5.48B+17.5%$5.24B+9.3%$5.04B+2.5%$4.83B-4.4%
Segment Operating Expenses by Business
Underground and Infrastructure$5.17B+14.0%$5.08B+15.6%$4.9B+10.8%$4.73B+7.1%$4.53B-0.4%
Equity in earnings of integral unconsolidated affiliates by Business
Underground and Infrastructure$0$0$0$0$0
Segment depreciation expense by Business
Underground and Infrastructure$105.49M+19.9%$106.07M+22.0%$100.72M+20.6%$95.56M+17.3%$88M+5.9%
Revenue by Geography
Australia$809.69M+17.0%$779.53M+16.9%$735M+12.1%$728.78M+19.8%$691.93M+14.6%
Canada$1.08B+7.8%$1.02B-0.6%$970.79M-18.0%$1.02B-28.4%$1.01B-42.0%
Others$170.41M-51.5%$198.45M-46.9%$272.33M-21.0%$328.39M-0.1%$351.35M+5.2%
United States$28.06B+22.9%$26.48B+22.6%$25.21B+21.7%$23.97B+21.9%$22.83B+21.3%
Percent of total revenues (in percent) by Geography
Canada10.7%10.6%
United States279.6%+4.3pp279.1%+5.9pp279.2%+5.0pp276.3%+6.7pp275.3%+12.7pp

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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.