Electric was Quanta Services’s largest segment in fiscal 2025, bringing in $23.00B of $28.48B (81%).
| Segment | FY 2009 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Electric | — | $15.87B | $19.01B | $23.00B | |||||||||||
| Electric Power | $8.94B | — | — | — | |||||||||||
| Electric Power Infrastructure Solutions | — | — | — | — | |||||||||||
| Electric Power Infrastructure Solutions (1) | — | — | — | — | |||||||||||
| Electric Power Infrastructure Services | — | — | — | — | |||||||||||
| Electric Power Infrastructure | — | — | — | — | |||||||||||
| Underground & Infrastructure | $4.36B | $5.02B | $4.66B | $5.48B | |||||||||||
| Underground Utility & Infrastructure Solutions | — | — | — | — | |||||||||||
| Renewable Energy | $3.78B | — | — | — | |||||||||||
| Pipeline & Industrial Infrastructure Services | — | — | — | — | |||||||||||
| Oil & Gas Infrastructure Services | — | — | — | — | |||||||||||
| Oil & Gas Infrastructure | — | — | — | — | |||||||||||
| Foreign Operations | — | — | — | — | |||||||||||
| Renewable Energy Infrastructure Solutions | — | — | — | — | |||||||||||
| Oil & Gas Infrastructure Division | — | — | — | — | |||||||||||
| Natural Gas & Pipeline | — | — | — | — | |||||||||||
| Telecommunications | — | — | — | — | |||||||||||
| Fiber Optic Licensing & Other | — | — | — | — | |||||||||||
| Fiber Optic Licensing | — | — | — | — | |||||||||||
| Total | $17.07B | $20.88B | $23.67B | $28.48B |
Quanta Services brought in $28.48B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 20.3% from $23.67B in fiscal 2024. Electric was the largest at $23.00B (80.8%), ahead of Underground & Infrastructure at $5.48B (19.2%).
Compared with fiscal 2024, Electric grew 21.0% to $23.00B and Underground & Infrastructure grew 17.5% to $5.48B.
Quanta Services began breaking out Electric in fiscal 2023, when it brought in $15.87B. Quanta Services stopped reporting Electric Power ($8.94B in fiscal 2022) and Renewable Energy ($3.78B in fiscal 2022) as separate segments.
United States was Quanta Services’s largest region in fiscal 2025, bringing in $26.48B of $28.48B (93%).
| Geography | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| United States | $14.39B | $17.91B | $21.61B | $26.48B | |||||
| Non-Us | — | — | — | — | |||||
| Canada | $2.02B | $2.05B | $1.03B | $1.02B | |||||
| Australia | $428.32M | $612.50M | $666.87M | $779.53M | |||||
| Others | $234.49M | $312.82M | $374.04M | $198.45M | |||||
| Latin America & Other | — | — | — | — | |||||
| Latin America | — | — | — | — | |||||
| Total | $17.07B | $20.88B | $23.67B | $28.48B |
Quanta Services brought in $28.48B from its four regions in fiscal 2025, the year ended December 31, 2025. That was up 20.3% from $23.67B in fiscal 2024. United States was the largest at $26.48B (93.0%), ahead of Canada at $1.02B (3.6%) and Australia at $779.53M (2.7%). The remaining region, Others, brought in $198.45M.
Compared with fiscal 2024, United States grew fastest, up 22.6% to $26.48B, while Canada fell the most, down 0.6% to $1.02B. From fiscal 2022 to 2025, combined revenue from these regions grew from $17.07B to $28.48B, a compound annual growth rate of 18.6%. United States' share of the total rose from 84.3% to 93.0%.
Fixed Price Contracts was Quanta Services’s largest revenue line in fiscal 2025, bringing in $17.26B of $28.48B (61%).
| Contract with Customer, Basis of Pricing | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Fixed Price Contracts | $7.28B | $10.25B | $13.31B | $17.26B | ||||
| Unit-Price Contracts | $5.93B | $6.59B | $6.48B | $6.79B | ||||
| Cost-Plus Contracts | $3.86B | $4.04B | $3.89B | $4.43B | ||||
| Total | $17.07B | $20.88B | $23.67B | $28.48B |
Quanta Services brought in $28.48B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 20.3% from $23.67B in fiscal 2024. Fixed Price Contracts was the largest at $17.26B (60.6%), ahead of Unit-Price Contracts at $6.79B (23.8%) and Cost-Plus Contracts at $4.43B (15.6%).
Compared with fiscal 2024, Fixed Price Contracts grew fastest, up 29.7% to $17.26B. Every revenue line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $17.07B to $28.48B, a compound annual growth rate of 18.6%. Fixed Price Contracts' share of the total rose from 42.7% to 60.6%.
Quanta Services (PWR) reports its revenue by segment, by geography and by contract with customer, basis of pricing. In fiscal 2025, Electric was its largest segment, bringing in $23.00B (80.8% of the total), followed by Underground & Infrastructure at $5.48B (19.2%).
Electric was Quanta Services' largest segment in fiscal 2025, bringing in $23.00B, or 80.8% of the $28.48B total across its two segments.
United States was Quanta Services' largest region in fiscal 2025, bringing in $26.48B, or 93.0% of the $28.48B total across its four regions.
Fixed Price Contracts was Quanta Services' largest revenue line in fiscal 2025, bringing in $17.26B, or 60.6% of the $28.48B total across its three revenue lines.
Electric grew faster than Underground & Infrastructure in fiscal 2025, up 21.0% from $19.01B to $23.00B. Underground & Infrastructure grew 17.5% to $5.48B.
Every figure comes from Quanta Services' annual financial filings, as reported. Each line keeps the name Quanta Services gives it, and years follow its fiscal calendar.
Quanta Services' revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.