Quanta Services Reports 20.3% Revenue Growth to $28.48 Billion in Fiscal Year 2025

**Quanta Services Reports Increased Revenue and Operating Income in Fiscal Year 2025**

Quanta Services, Inc., a leading infrastructure solutions provider, announced its financial results for the fiscal year ended December 31, 2025, showcasing significant growth compared to the previous year. The company reported consolidated revenues of $28.48 billion, a 20.3% increase from the $23.67 billion reported in 2024. Operating income also saw a substantial rise, reaching $1.61 billion, up 19.7% from the $1.35 billion recorded in the prior fiscal year. This growth was primarily driven by increased demand for the company's services in both its Electric Infrastructure Solutions and Underground Utility and Infrastructure Solutions segments.

The Electric Infrastructure Solutions segment experienced a notable surge in revenue, climbing to $23.00 billion from $19.01 billion in 2024, while operating income increased to $2.36 billion from $1.96 billion. The Underground Utility and Infrastructure Solutions segment also contributed to the overall positive performance, with revenues rising to $5.48 billion from $4.66 billion, and operating income increasing to $398.3 million from $265.0 million. These increases reflect strong demand for grid modernization, renewable energy projects, and infrastructure upgrades, as well as the integration of recent acquisitions. Corporate and non-allocated costs increased to $1.15 billion from $877.3 million, primarily due to higher amortization expenses and compensation costs.

Strategic acquisitions played a significant role in Quanta's growth during the year. The acquisition of Dynamic Systems, LLC (DSI) in July 2025, along with seven other businesses, contributed substantially to the company's revenue and expanded its capabilities in key markets. These acquisitions broadened Quanta's service offerings and geographic reach, positioning the company to capitalize on emerging opportunities in the infrastructure sector. The company's customer base remains diverse, with the largest customer accounting for 8% of consolidated revenues and the ten largest customers accounting for 30% of consolidated revenues for the year ended December 31, 2025.

Looking ahead, Quanta Services anticipates continued strong demand for its services, supported by a robust backlog and remaining performance obligations. As of December 31, 2025, the company's remaining performance obligations stood at $23.76 billion, a 41.8% increase compared to the previous year, while backlog reached $43.98 billion, up 27.3%. These figures indicate a healthy pipeline of future projects and provide a positive outlook for the company's financial performance in the coming years. The company expects capital expenditures for property and equipment purchases for the year ended December 31, 2026 to be approximately $750 million to $800 million.