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| Date | Value |
|---|---|
| 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 |