MasTec, Inc. Common Stock (MTZ) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.23	$2.22	-0.4%	—	$4.4B	—
Q4 25	$1.95	$2.07	+6.2%	—	$3.9B	—
Q3 25	$2.3	$2.48	+7.8%	—	$4B	—
Q2 25	$1.4	$1.49	+6.4%	—	$3.5B	—
Q1 25	$0.34	$0.51	+50.0%	—	$2.8B	—
Q4 24	$1.22	$1.44	+18.0%	—	$3.4B	—
Q3 24	$1.23	$1.63	+32.5%	—	$3.3B	—
Q2 24	$0.87	$0.96	+10.3%	—	$3B	—
Q1 24	-$0.48	-$0.13	+72.9%	—	$2.7B	—
Q4 23	$0.44	$0.66	+50.0%	—	$3.3B	—
Q3 23	$1.84	$0.95	-48.4%	—	$3.3B	—
Q2 23	$0.85	$0.89	+4.7%	—	$2.9B	—
Q1 23	-$0.57	-$0.54	+5.3%	—	$2.6B	—
Q4 22	$0.98	$1.03	+5.1%	—	$3B	—
Q3 22	$1.27	$1.34	+5.5%	—	$2.5B	—
Q2 22	$0.72	$0.73	+1.4%	—	$2.3B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$5.12	—	—	$14.3B	—
FY24	—	$2.09	—	—	$12.3B	—
FY23	—	-$0.64	—	—	$12B	—
FY22	—	$0.45	—	—	$9.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$5.1B	$6.6B	$6.9B	$7.2B	$6.3B	$8B	$9.8B	$12B	$12.3B	$14.3B
YoY change	+22%	+28.7%	+4.58%	+3.96%	-12%	+25.8%	+23%	+22.7%	+2.56%	+16.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	5.1B	6.6B	6.9B	7.2B	6.3B	8B	9.8B	12B	12.3B	14.3B
Cost of revenue	4.4B	5.7B	5.9B	6.1B	5.3B	6.8B	8.6B	10.6B	10.7B	12.5B
Gross profit	692.6M	861.7M	970.1M	1.1B	1.1B	1.1B	1.2B	1.4B	1.6B	1.8B
Gross margin	13.5%	13%	14%	15.5%	16.6%	14.4%	12.2%	11.5%	13.2%	12.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	261.4M	275.1M	287.3M	286.4M	303M	307M	559.4M	698.9M	684.5M	713M
Operating expenses	261.4M	275.1M	287.3M	286.4M	303M	307M	559.4M	698.9M	684.5M	713M
Operating income	266.2M	398.5M	469.9M	591.1M	449.4M	416.3M	125.1M	80.1M	436.4M	652.6M
Operating margin	5.18%	6.03%	6.8%	8.23%	7.11%	5.23%	1.28%	0.67%	3.55%	4.56%
Non-operating income, net	10.3M	34.3M	-22M	-3.1M	35.4M	67.2M	30.2M	71.6M	7.9M	35.7M
Pretax income	225.8M	371.8M	365.3M	510.9M	425.2M	430.1M	43.1M	-82.7M	251M	515.4M
Income tax	91.8M	22.9M	106.1M	116.8M	102.5M	99.3M	9.2M	-35.4M	51.5M	93.4M
Net income	134M	348.9M	259.2M	394.1M	322.7M	330.7M	33.9M	-47.3M	199.4M	422M
Net margin	2.61%	5.28%	3.75%	5.49%	5.11%	4.16%	0.35%	-0.39%	1.62%	2.95%
EBITDA	441.5M	620.9M	708.5M	826.8M	788.1M	906.3M	662.5M	754.9M	962.2M	1.1B
EPS	1.63	4.29	3.3	5.22	4.43	4.54	0.45	-0.64	2.09	5.12
Diluted EPS	1.61	4.22	3.26	5.17	4.38	4.45	0.42	-0.64	2.06	5.07

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	3.3B	3.3B	2.7B	3B	3.3B	3.4B	2.8B	3.5B	4B	3.9B	3.8B	4.4B
Cost of revenue	2.9B	2.9B	2.4B	2.5B	2.8B	3B	2.5B	3.1B	3.4B	3.4B	3.4B	3.8B
Gross profit	400M	367.7M	307.2M	420.6M	463.2M	436.5M	311.1M	435.5M	537.7M	508.3M	477.9M	556.3M
Gross margin	12.3%	11.2%	11.4%	14.2%	14.2%	12.8%	10.9%	12.3%	13.6%	12.9%	12.5%	12.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	180.6M	178.2M	165.5M	167.1M	168.9M	183M	166.2M	176.7M	181M	189.1M	214.2M	206.5M
Operating expenses	180.6M	178.2M	165.5M	167.1M	168.9M	183M	166.2M	176.7M	181M	189.1M	214.2M	206.5M
Operating income	62M	37.9M	515K	117.8M	179.7M	138.3M	36.1M	156.3M	252.1M	208.2M	141.8M	226.2M
Operating margin	1.9%	1.16%	0.02%	3.98%	5.53%	4.06%	1.27%	4.41%	6.36%	5.28%	3.7%	5.17%
Non-operating income, net	23.4M	21.8M	6M	-4.1M	4.3M	1.7M	11.9M	8.4M	4.9M	10.5M	-6.9M	14.7M
Pretax income	22.9M	14K	-45.5M	63.1M	137M	96.4M	8.9M	120.8M	211.6M	174M	91.5M	193.7M
Income tax	7.6M	-1.2M	-11.1M	19.3M	31.5M	11.7M	-3.4M	30.7M	45.1M	21M	21.8M	48M
Net income	15.3M	1.2M	-34.5M	43.8M	105.4M	84.7M	12.3M	90.1M	166.5M	153.1M	69.7M	145.7M
Net margin	0.47%	0.04%	-1.28%	1.48%	3.24%	2.49%	0.43%	2.54%	4.2%	3.88%	1.82%	3.33%
EBITDA	242.7M	211.3M	147.6M	260.8M	298.6M	255.2M	156.8M	267.3M	361.6M	329.7M	256.8M	364.5M
EPS	0.18	—	-0.53	0.44	1.22	0.96	0.13	1.1	2.07	1.83	0.78	1.67
Diluted EPS	0.18	—	-0.53	0.43	1.21	0.95	0.13	1.09	2.04	1.81	0.77	1.65

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	—	—	—	—	—	—	16.4B
Enterprise value	—	—	—	—	—	—	—	—	—	—	19.9B
Shares outstanding	80.4M	80.9M	78.7M	75.2M	72.8M	72.5M	74.9M	77.5M	78M	77.9M	77.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	—	—	—	—	—	32.6
P/S	—	—	—	—	—	—	—	—	—	—	1.02
P/B	—	—	—	—	—	—	—	—	—	—	4.58
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	15.2
EV/Sales	—	—	—	—	—	—	—	—	—	—	1.24
Earnings yield	—	—	—	—	—	—	—	—	—	—	3.07%
FCF yield	—	—	—	—	—	—	—	—	—	—	-0.35%
PEG	—	—	—	—	—	—	—	—	—	—	0.63

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	13.5%	13%	14%	15.5%	16.6%	14.4%	12.2%	11.5%	13.2%	12.5%	12.7%
Operating margin	5.18%	6.03%	6.8%	8.23%	7.11%	5.23%	1.28%	0.67%	3.55%	4.56%	5.42%
Net margin	2.61%	5.28%	3.75%	5.49%	5.11%	4.16%	0.35%	-0.39%	1.62%	2.95%	3.07%
ROE	12.1%	24.3%	18.6%	22%	16.1%	13%	1.24%	-1.74%	6.68%	12.7%	16.2%
ROA	4.21%	8.58%	5.84%	7.89%	6.17%	4.64%	0.36%	-0.5%	2.22%	4.25%	5.28%
ROIC	7.56%	13.5%	12%	13.5%	11.1%	7.16%	1.67%	1.41%	6.64%	9.31%	10.1%
Return on tangible assets	16.1%	24.8%	13.6%	18.5%	13.6%	12.1%	1.02%	-1.33%	6.4%	10.3%	11.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.67	1.92	1.69	1.78	1.67	1.61	1.55	1.4	1.22	1.32	1.4
Quick ratio	1.54	1.84	1.6	1.7	1.6	1.56	1.5	1.36	1.18	1.29	1.37
Debt / equity	0.93	0.95	1.01	0.93	0.74	0.9	1.28	1.28	0.88	0.84	0.9
Debt / assets	0.32	0.34	0.32	0.33	0.29	0.32	0.38	0.37	0.29	0.28	0.3
Net debt / EBITDA	2.24	2.14	1.95	1.93	1.36	2.12	4.75	3.93	2.32	2.15	2.22
Interest coverage	5.45	7.09	5.42	7.63	8.13	9.05	1.38	0.65	2.3	3.98	4.71
Effective tax rate	40.6%	6.17%	29%	22.9%	24.1%	23.1%	21.3%	0%	20.5%	18.1%	20.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	63.9	81.7	87.8	95.5	86.8	109.7	130.5	154.7	157.6	183.6	206.8
EPS (basic)	1.63	4.29	3.3	5.22	4.43	4.54	0.45	-0.64	2.09	5.12	5.12
EPS (diluted)	1.61	4.22	3.26	5.17	4.38	4.45	0.42	-0.64	2.06	5.07	6.27
Book value per share	13.7	17.7	17.7	23.8	27.5	35.1	36.6	35.1	38.3	42.8	44.5
FCF per share	1.1	0.26	4.44	5.64	9.94	8.59	1.19	6.38	12.5	3.67	3.1
Cash per share	0.48	0.5	0.35	0.95	5.81	4.98	4.95	6.83	5.12	5.09	3.98
Capex per share	0.14	0.25	0.5	0.47	0.51	0.9	1.09	1.08	0.85	3.34	4.28

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.22%	0.3%	0.57%	0.49%	0.59%	0.82%	0.83%	0.7%	0.54%	1.82%	2.09%
Capex / operating cash flow	8.2%	15.7%	14.6%	4.29%	4.17%	6.75%	35.6%	14.7%	4.98%	47.6%	57.9%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%
Dividend yield	—	—	—	—	—	—	—	—	—	—	0.39%

Yield

0.39%

trailing twelve months

Frequency

Annual

Last dividend

$0.0889

ex-dividend Aug 4, 1982

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 4, 1982	$0.0889
Aug 3, 1981	$0.0889
Aug 4, 1980	$0.08
Jul 30, 1979	$0.0711
Jun 27, 1978	$0.0622
Jul 26, 1977	$0.0533

Split history

Date	Ratio
Jun 20, 2000	3:2
Mar 3, 1997	3:2

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$3.3B	$3.3B	$2.7B	$3B	$3.3B	$3.4B	$2.8B	$3.5B	$4B	$3.9B	$3.8B	$4.4B
YoY change	+29.6%	+9.03%	+3.95%	+3.03%	-0.14%	+3.75%	+5.99%	+19.7%	+22%	+15.8%	+34.5%	+23.4%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	38.8M	40.3M	27.4M	71.4M	423.1M	360.7M	370.6M	529.6M	399.9M	396M
Receivables	832.8M	1B	687.6M	850.3M	784.5M	1B	1.4B	1.4B	1.4B	1.5B
Inventory	111M	77M	113.7M	100.1M	89.6M	92.6M	118M	108.1M	107.3M	112.5M
Total current assets	1.4B	1.9B	2.2B	2.2B	2.4B	2.9B	3.9B	4B	3.7B	4.3B
Property, plant & equipment	1.1B	1.4B	1.5B	1.1B	1.1B	1.6B	1.9B	2B	1.8B	2.1B
Goodwill & intangibles	2.4B	2.7B	2.5B	2.9B	2.9B	4.4B	6B	5.8B	5.9B	5.8B
Total assets	3.2B	4.1B	4.4B	5B	5.2B	7.1B	9.3B	9.4B	9B	9.9B
Accounts payable	363.7M	378M	669.7M	535M	571.3M	663.1M	1.1B	1.2B	1.1B	1.3B
Short-term debt	64.6M	87.9M	82.7M	200M	217.6M	233.3M	268.4M	315M	332.3M	330M
Total current liabilities	840M	963.8M	1.3B	1.2B	1.4B	1.8B	2.5B	2.8B	3B	3.3B
Long-term debt	961.4M	1.3B	1.3B	1.5B	1.3B	2.1B	3.2B	3.2B	2.3B	2.5B
Total liabilities	2.1B	2.6B	3B	3.2B	3.2B	4.6B	6.6B	6.7B	6B	6.6B
Shareholders' equity	1.1B	1.4B	1.4B	1.8B	2B	2.5B	2.7B	2.7B	3B	3.3B
Total debt	1B	1.4B	1.4B	1.7B	1.5B	2.3B	3.5B	3.5B	2.6B	2.8B
Net debt	987.2M	1.3B	1.4B	1.6B	1.1B	1.9B	3.1B	3B	2.2B	2.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	214.2M	529.6M	249.3M	297.6M	181.2M	399.9M	345.7M	191.1M	231.4M	396M	273.7M	315.6M
Receivables	1.5B	1.4B	1.3B	1.3B	1.5B	1.4B	1.3B	1.4B	1.7B	1.5B	1.6B	1.7B
Inventory	129.1M	108.1M	112.3M	107.9M	101.2M	107.3M	114.5M	108.5M	111.9M	112.5M	117.2M	113.6M
Total current assets	4B	4B	3.4B	3.5B	3.6B	3.7B	3.5B	3.7B	4.3B	4.3B	4.5B	4.9B
Property, plant & equipment	2B	2B	1.9B	1.9B	1.9B	1.8B	2B	2.1B	2.1B	2.1B	2.2B	2.3B
Goodwill & intangibles	5.9B	5.8B	5.8B	5.7B	5.7B	5.9B	5.8B	5.8B	5.7B	5.8B	6.2B	6.2B
Total assets	9.5B	9.4B	8.7B	8.7B	8.8B	9B	8.9B	9.1B	9.7B	9.9B	10.4B	10.9B
Accounts payable	1.2B	1.2B	965.3M	994M	1B	1.1B	985.7M	1.2B	1.3B	1.3B	1.3B	1.5B
Short-term debt	307.1M	315M	325M	348.5M	329.9M	332.3M	341.2M	317.6M	314.4M	330M	334.1M	347.6M
Total current liabilities	2.8B	2.8B	2.6B	2.7B	2.9B	3B	2.9B	3.1B	3.2B	3.3B	3.4B	3.5B
Long-term debt	3.3B	3.2B	2.8B	2.6B	2.4B	2.3B	2.3B	2.4B	2.5B	2.5B	2.7B	2.9B
Total liabilities	6.8B	6.7B	6.1B	5.9B	5.9B	6B	5.9B	6.1B	6.5B	6.6B	7B	7.3B
Shareholders' equity	2.7B	2.7B	2.7B	2.7B	2.8B	3B	3B	3B	3.2B	3.3B	3.4B	3.6B
Total debt	3.6B	3.5B	3.2B	3B	2.7B	2.6B	2.6B	2.7B	2.8B	2.8B	3B	3.2B
Net debt	3.4B	3B	2.9B	2.7B	2.6B	2.2B	2.3B	2.5B	2.5B	2.4B	2.7B	2.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	134M	348.9M	259.2M	394.1M	322.7M	330.7M	33.9M	-47.3M	199.4M	422M
Depreciation & amortization	164.9M	188M	212.9M	235.5M	297.8M	422.8M	507.1M	603.2M	506.6M	427.1M
Stock-based compensation	15.1M	15.7M	13.5M	16.4M	21.9M	24.8M	27.4M	33.3M	32.7M	34M
Change in working capital	-180.8M	-453.7M	-282.9M	147.7M	214.9M	145.9M	-358.2M	110.4M	602.9M	-660.1M
Operating cash flow	137M	127.5M	270.5M	816.4M	889.1M	967M	228.7M	573.5M	1.3B	545.7M
Capital expenditure	11.2M	20M	39.4M	35M	37.1M	65.3M	81.5M	84.1M	66M	-260M
Investing cash flow	-23.9M	-422.1M	-1.4M	-135.3M	-2.9M	-1.2B	-557.8M	14.9M	-8.6M	-323.5M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	-1.6M	-313.9M	-5.7M	-120.2M	0	-81.3M	0	0	-77.3M
Financing cash flow	-1.7B	375.2M	-3.7B	-3.4B	-2.1B	-304.1M	-2.8B	-4.9B	-1.1B	-277.8M
Net change in cash	-1.5B	80.6M	-3.5B	-2.7B	-1.2B	-524.2M	-3.1B	-4.3B	230.5M	-55.7M
Free cash flow	88.5M	20.7M	349.5M	423.8M	723.5M	623M	88.9M	494.3M	972.8M	285.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	15.3M	1.2M	-34.5M	43.8M	105.4M	84.7M	12.3M	90.1M	166.5M	153.1M	69.7M	145.7M
Depreciation & amortization	157.3M	151.6M	141.1M	135.8M	114.6M	115.2M	108.9M	102.6M	104.6M	111M	121.9M	123.6M
Stock-based compensation	7.2M	9M	9.7M	7M	7.3M	8.6M	6.9M	9.4M	9.3M	8.4M	8.3M	11.5M
Change in working capital	-152M	333.9M	348.3M	96.8M	-99.9M	257.7M	93.9M	-430.7M	-468.4M	145.1M	-153.8M	-377.6M
Operating cash flow	-2.5M	439.2M	426.7M	271.6M	181.9M	446.2M	209.6M	5.6M	89M	372.7M	98.9M	21.5M
Capital expenditure	13.4M	28.2M	10.8M	20.2M	17.9M	17M	13.9M	-63.8M	-68.7M	-80.2M	-96.8M	-91.5M
Investing cash flow	8.1M	29.2M	12.4M	20.1M	-12.7M	-28.4M	12.4M	-64.5M	-84.4M	-125.9M	-345.8M	-96.5M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	0	—	—	—	—	-26.8M	-50.5M	0	0	0	0
Financing cash flow	-288.6M	-1.4B	-372.1M	-204.2M	-337.4M	-173.6M	-92.9M	-109.5M	20.3M	-95.6M	133.1M	-1.7B
Net change in cash	-283M	-942.2M	67M	87.4M	-168.2M	244.3M	129.1M	-168.4M	24.9M	151.2M	-113.8M	-1.8B
Free cash flow	256.2M	455.1M	82.3M	233M	234.1M	423.4M	31.1M	-58.2M	20.3M	292.5M	2.1M	-70.1M

MasTec, Inc. Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement