MASTEC INC MTZ

Industrials SIC 1623 - Water, Sewer, Pipeline, Comm & Power Line Construction NAICS Construction › Heavy and Civil Engineering Construction › Utility System Construction derived NYSE

We are a leading North American infrastructure engineering and construction company focused primarily on engineering, building, installation, maintenance and upgrade of communications, energy and utility and other infrastructure, such as: wireless, wireline/fiber; power delivery infrastructure, including transmission, distribution, grid hardening and modernization, environmental planning and compliance; power generation infrastructure, primarily from clean energy and renewable sources; pipeline infrastructure, including for natural gas, water and carbon capture sequestration pipelines and pipeline integrity services; heavy civil and industrial infrastructure, including roads, bridges and rail; and environmental remediation services. Our customers are primarily in these industries. Including our predecessor companies, we have been in business for over 95 years. As of December 31, 2025, we had approximately 36,000 employees and 810 locations. We offer our services under the MasTec® and other service marks and we are ranked among the top five contractors within Engineering News-Record's Top 400 Contractors.

Last close 171.05 2026-10-23
Market cap $13.74B 2026-06-30 share count
52-week range 164.31 - 441.43

Valuation FY2025 figures against the last close

P/S1.0x
P/E33.7x
P/FCF48.1x
EV/EBITDA—
Dividend yield—
Diluted EPS5.07

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $14.30B$12.30B$12.00B$9.78B$7.95B$6.32B$7.18B$6.91B$6.61B$5.13B
SG&A $713.0M$684.5M$698.9M$559.4M$307.0M$303.0M$286.4M$287.3M$275.1M$261.4M
Pre-tax income $515.4M$251.0M-$82.7M$43.1M$430.1M$425.2M$510.9M$365.3M$371.8M$225.8M
Income tax $93.4M$51.5M$35.4M$9.2M$99.3M$102.5M$116.8M$106.1M$22.9M$91.8M
Net income $422.0M$199.4M-$47.3M$33.9M$330.7M$322.8M$392.3M$259.7M$347.2M$131.3M
EPS, basic 5.122.09-0.640.454.544.435.223.304.291.63
EPS, diluted 5.072.06-0.640.424.454.385.173.264.221.61
Shares, diluted (wtd. avg.) 78.7M78.9M77.5M76.2M73.9M73.7M75.8M79.8M82.3M81.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $396.0M$399.9M$529.6M$370.6M$360.7M$423.1M$71.4M$27.4M$40.3M$38.8M
Receivables $1.54B$1.38B$1.37B$1.40B$1.02B$784.5M$850.3M$671.3M$1.60B$1.16B
Inventory $112.5M$107.3M$108.1M$118.0M$92.6M$89.6M$100.1M$113.7M$77.0M$111.0M
Total current assets $4.33B$3.65B$3.97B$3.86B$2.87B$2.36B$2.17B$2.17B$1.85B$1.40B
Property, plant and equipment —————$982.3M$905.8M$747.8M$706.5M$549.1M
Goodwill $2.25B$2.20B$2.13B$2.04B$1.52B$1.24B$1.22B$1.10B$1.14B$995.9M
Other intangibles $656.2M$727.4M$784.3M$946.3M$670.3M$184.0M$211.5M$169.4M$191.1M$179.7M
Total assets $9.92B$8.98B$9.37B$9.29B$7.12B$5.23B$5.00B$4.44B$4.07B$3.18B
Accounts payable $1.28B$1.11B$1.24B$1.11B$663.1M$571.3M$535.0M$669.7M$378.0M$363.7M
Total current liabilities $3.27B$3.00B$2.84B$2.50B$1.78B$1.42B$1.22B$1.28B$963.8M$840.0M
Total liabilities $6.59B$5.99B$6.65B$6.55B$4.58B$3.22B$3.21B$3.05B$2.63B$2.08B
Retained earnings $2.71B$2.31B$2.15B$2.20B$2.16B$1.83B$1.51B$1.12B$857.2M$509.9M
Total equity $3.26B$2.91B$2.72B$2.74B$2.54B$2.01B$1.79B$1.39B$1.43B$1.10B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $545.7M$1.12B$687.3M$352.3M$793.1M$937.3M$550.3M$530.0M$144.1M$205.6M
Depreciation and amortisation $427.1M$506.6M$603.2M$507.1M$422.8M$297.8M$235.5M$212.9M$188.0M$164.9M
Stock-based compensation $34.0M$32.7M$33.3M$27.4M$24.8M$21.9M$16.4M$13.5M$15.7M$15.1M
Capital expenditure $260.0M$148.9M$192.9M$263.4M$170.1M$213.7M$126.5M$180.4M$123.4M$117.1M
Investing cash flow -$267.2M-$157.5M-$178.1M-$821.2M-$1.36B-$216.6M-$261.8M-$181.8M-$272.7M-$141.0M
Financing cash flow -$283.4M-$1.09B-$351.0M$480.9M$501.9M-$369.9M-$244.6M-$361.1M$130.3M-$29.5M
Buybacks $77.3M$0$0$81.3M$0$120.2M$5.7M$313.9M$1.6M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-014022.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2016: 5.1B Net income, FY2016: 131.3M Revenue, FY2017: 6.6B Net income, FY2017: 347.2M Revenue, FY2018: 6.9B Net income, FY2018: 259.7M Revenue, FY2019: 7.2B Net income, FY2019: 392.3M Revenue, FY2020: 6.3B Net income, FY2020: 322.8M Revenue, FY2021: 8B Net income, FY2021: 330.7M Revenue, FY2022: 9.8B Net income, FY2022: 33.9M Revenue, FY2023: 12B Net income, FY2023: -47.3M Revenue, FY2024: 12.3B Net income, FY2024: 199.4M Revenue, FY2025: 14.3B Net income, FY2025: 422M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $5.13B $6.61B $6.91B $7.18B $6.32B $7.95B $9.78B $12.00B $12.30B $14.30B
Gross profit — — — — — — — — — —
Net income $131.3M $347.2M $259.7M $392.3M $322.8M $330.7M $33.9M -$47.3M $199.4M $422.0M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Material agreement signed Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • New debt or obligation Item 2.03
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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