Quanta Services Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Quanta Services Inc (PWR). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Electric Power | – | $7.62B 58.7% | $8.94B 52.4% · +17.3% | $15.87B 76.0% · +77.5% | $19.01B 80.3% · +19.8% | $23.00B 80.8% · +21.0% |
| Underground and Infrastructure | – | $3.53B 27.2% | $4.36B 25.5% · +23.3% | $5.02B 24.0% · +15.2% | $4.66B 19.7% · -7.1% | $5.48B 19.2% · +17.5% |
| Electric Power Infrastructure Solutions | $6.47B 57.7% | – | – | – | – | – |
| Renewable Energy Infrastructure Solutions | $1.31B 11.7% | – | – | – | – | – |
| Underground Utility and Infrastructure Solutions | $3.43B 30.6% | – | – | – | – | – |
| Renewable Energy | – | $1.83B 14.1% | $3.78B 22.1% · +107.0% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Electric Power | – | $865.4M 11.4% | – | – | – | – |
| Underground and Infrastructure | – | $150.1M 4.3% | – | – | – | – |
| Electric Power Infrastructure Solutions | $648.4M 10.0% | – | – | – | – | – |
| Renewable Energy Infrastructure Solutions | $177.9M 13.6% | – | – | – | – | – |
| Underground Utility and Infrastructure Solutions | $170.1M 5.0% | – | – | – | – | – |
| Renewable Energy | – | $181.9M 10.0% | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| United States | $11.07B 85.3% | $14.39B 84.3% · +30.0% | $17.91B 85.8% · +24.5% | $21.61B 91.3% · +20.6% | $26.48B 93.0% · +22.6% |
| Canada | $1.56B 12.0% | $2.02B 11.8% · +29.8% | $2.05B 9.8% · +1.2% | $1.03B 4.3% · -49.9% | $1.02B 3.6% · -0.6% |
| Australia | $221.0M 1.7% | $428.3M 2.5% · +93.8% | $612.5M 2.9% · +43.0% | $666.9M 2.8% · +8.9% | $779.5M 2.7% · +16.9% |
| Others | $133.6M 1.0% | $234.5M 1.4% · +75.6% | $312.8M 1.5% · +33.4% | $374.0M 1.6% · +19.6% | $198.5M 0.7% · -46.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.