Quanta Services (PWR) Operating Expenses (2009 - 2026)
Quanta Services' (PWR) quarterly Operating Expenses came in at $698.5 million in Q2 2026, up 32.2% year-over-year from $528.4 million in Q2 2025, and up 12.53% quarter-over-quarter from $620.7 million in Q1 2026.
Analysis
Quanta Services (PWR) Operating Expenses (2009 - 2026) Analysis & Trends
Quanta Services has disclosed Operating Expenses across 18 years of filings, most recently posting $698.5 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 32.2% year-over-year to $698.5 million; the TTM figure through Jun 2026 stood at $2.5 billion (up 23.54% YoY), while the FY2025 annual figure was $2.2 billion, up 19.97% from the prior year.
- Operating Expenses came in at $698.5 million for Q2 2026 at Quanta Services, up from $620.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $698.5 million in Q2 2026 to a low of $323.2 million in Q2 2022.
- Average Operating Expenses over 5 years is $456.9 million, with a median of $417.3 million recorded in 2024.
- The largest YoY upside for Operating Expenses was 33.5% in 2022 against a maximum downside of 7.21% in 2022.
- Over 5 years, 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 17.6% to $698.5 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $698.5 million in Q2 2026, $620.7 million in Q1 2026, and $593.9 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 97.75 Bn | 97.35 Bn | 1.55 Bn | 698.49 Mn |
| 2 | Mastec | 19.32 Bn | 19.12 Bn | 556.28 Mn | 206.47 Mn |
| 3 | IES Holdings | 13.78 Bn | 13.39 Bn | 340.66 Mn | 162.17 Mn |
| 4 | Dycom Industries | 9.22 Bn | 8.51 Bn | - | - |
| 5 | Everus Construction | 6.09 Bn | 5.92 Bn | 182.92 Mn | 71.15 Mn |
| 6 | Myr | 4.53 Bn | 4.40 Bn | 142.67 Mn | 74.41 Mn |
| 7 | Primoris Services | 4.05 Bn | 3.84 Bn | 82.40 Mn | 109.20 Mn |
| 8 | Centuri Holdings | 2.04 Bn | 2.00 Bn | 69.14 Mn | 37.24 Mn |
| 9 | Magnitude International | 225.45 Mn | 223.35 Mn | - | - |
| 10 | Energy Services of America | 211.94 Mn | 197.26 Mn | 14.32 Mn | 9.69 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 698.49 Mn |
| 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 |