Quanta Services (PWR) Operating Expenses (2009 - 2026)

Quanta Services' (PWR) quarterly Operating Expenses came in at $620.7 million in Q1 2026, up 25.66% year-on-year from $494.0 million in Q1 2025, and up 4.51% quarter-over-quarter from $593.9 million in Q4 2025.

Quanta Services (PWR) Operating Expenses (2009 - 2026) Analysis & Trends

Quanta Services has disclosed Operating Expenses across 18 years of filings, most recently posting $620.7 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $620.7 million, up 25.66% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.3 billion (up 20.85% YoY), and the FY2025 annual result was $2.2 billion, up 19.97% from the prior year.
  • Operating Expenses came in at $620.7 million for Q1 2026 at Quanta Services, up from $593.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $620.7 million in Q1 2026 to a low of $323.2 million in Q2 2022.
  • The 5-year median for Operating Expenses is $402.3 million (2024), against an average of $442.7 million.
  • Peak annual rise in Operating Expenses reached 33.5% in 2022, while the deepest fall reached 7.21% in 2022.
  • Quanta Services' Operating Expenses stood at $341.1 million in 2022, then increased by 17.22% to $399.9 million in 2023, then gained by 26.58% to $506.2 million in 2024, then climbed by 17.34% to $593.9 million in 2025, then advanced by 4.51% to $620.7 million in 2026.
  • The last three Operating Expenses figures came in at $620.7 million (Q1 2026), $593.9 million (Q4 2025), and $572.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Quanta Services 103.91 Bn 103.65 Bn 1.11 Bn 620.73 Mn
2 Comfort Systems Usa 65.18 Bn 64.13 Bn 754.41 Mn 269.00 Mn
3 Emcor 36.65 Bn 35.73 Bn 863.95 Mn 460.11 Mn
4 Mastec 28.10 Bn 27.94 Bn 477.90 Mn 297.49 Mn
5 Sterling Infrastructure 27.31 Bn 26.80 Bn 194.30 Mn 49.26 Mn
6 APi 18.18 Bn 17.54 Bn 620.00 Mn 517.00 Mn
7 IES Holdings 14.63 Bn 14.37 Bn 254.79 Mn 142.57 Mn
8 Jacobs Solutions 14.18 Bn 12.80 Bn 794.89 Mn 876.07 Mn
9 Dycom Industries 13.76 Bn 13.05 Bn - -
10 TopBuild 11.17 Bn 10.90 Bn 400.25 Mn 225.21 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 620.73 Mn
Dec 31, 2025 593.94 Mn
Sep 30, 2025 572.95 Mn
Jun 30, 2025 528.36 Mn
Mar 31, 2025 493.97 Mn
Dec 31, 2024 506.18 Mn
Sep 30, 2024 483.88 Mn
Jun 30, 2024 432.36 Mn
Mar 31, 2024 402.34 Mn
Dec 31, 2023 399.88 Mn
Sep 30, 2023 386.54 Mn
Jun 30, 2023 384.17 Mn
Mar 31, 2023 384.55 Mn
Dec 31, 2022 341.13 Mn
Sep 30, 2022 347.45 Mn
Jun 30, 2022 323.25 Mn
Mar 31, 2022 324.89 Mn
Dec 31, 2021 367.65 Mn
Sep 30, 2021 274.85 Mn
Jun 30, 2021 270.11 Mn