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DC Infra·MTZ
MasTec, Inc.
NYSE · US
Infrastructure construction company serving power delivery, clean energy, communications, and industrial markets.
AI relevance
Power-delivery and infrastructure contractor exposed to data center electrification.
Price
$265.71
Change
-6.15 (-2.26%)
Market cap
$21.3B
52w range
$171–$441
Exchange
NYSE
Country
US
Jason's Chips
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Price chart
MTZ market performance
Daily close for MasTec, Inc.
- Latest close
- $265.3
- Range move
- +$91.62 (+52.8%)
- Range high
- $437.5
- Range low
- $173.7
- Latest volume
- 477.7K
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
75 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus36 ratings
Strong buy
0
Buy
32
Hold
4
Sell
0
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $18.20B | $18.06B - $18.28B | $9.34 | $9.08 - $9.53 | $1.46B | $631.8M | $745.0M | $925.4M | 14 rev / 13 EPS |
| 2027-12-31 | $21.67B | $20.26B - $23.01B | $12.55 | $10.70 - $14.54 | $1.73B | $752.1M | $1.02B | $1.10B | 14 rev / 13 EPS |
| 2028-12-31 | $24.99B | $23.44B - $27.11B | $16.31 | $13.75 - $20.89 | $2.00B | $867.7M | $1.31B | $1.27B | 12 rev / 6 EPS |
| 2029-12-31 | $29.41B | $28.00B - $30.78B | $22.48 | $21.08 - $23.84 | $2.35B | $1.02B | $1.77B | $1.50B | 10 rev / 3 EPS |
| 2030-12-31 | $32.25B | $30.71B - $33.76B | $25.72 | $24.12 - $27.28 | $2.58B | $1.12B | $2.02B | $1.64B | 6 rev / 2 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-09-30 | $4.94B | $4.89B - $4.98B | $2.98 | $2.90 - $3.04 | $395.3M | $171.6M | $235.3M | $251.3M | 10 rev / 11 EPS |
| 2026-12-30 | $5.05B | $4.98B - $5.10B | $2.73 | $2.59 - $2.87 | $404.1M | $175.4M | $215.2M | $256.9M | 10 rev / 11 EPS |
| 2027-03-30 | $4.79B | $4.73B - $4.83B | $2.15 | $2.11 - $2.17 | $383.2M | $166.3M | $169.2M | $243.6M | 9 rev / 4 EPS |
| 2027-06-30 | $5.43B | $5.36B - $5.47B | $3.23 | $3.18 - $3.27 | $434.4M | $188.5M | $255.0M | $276.2M | 9 rev / 4 EPS |
| 2027-09-30 | $5.87B | $5.79B - $5.92B | $4.05 | $3.98 - $4.09 | $469.6M | $203.8M | $319.3M | $298.5M | 9 rev / 7 EPS |
| 2027-12-30 | $5.86B | $5.78B - $5.90B | $3.78 | $3.71 - $3.82 | $468.4M | $203.3M | $297.9M | $297.7M | 9 rev / 4 EPS |
| 2028-03-30 | $5.47B | $5.40B - $5.51B | $3.11 | $3.06 - $3.15 | $437.5M | $189.9M | $245.6M | $278.1M | 8 rev / 5 EPS |
| 2028-06-30 | $6.19B | $6.11B - $6.24B | $4.20 | $4.13 - $4.24 | $494.8M | $214.8M | $330.9M | $314.6M | 8 rev / 6 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 6 | $406.67 |
| Last quarter | 9 | $440.78 |
| Last year | 39 | $358.00 |
| All time | 67 | $265.16 |
Sources: TheFly, StreetInsider, Benzinga
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-08-12 | Goldman Sachs | Maintain | Buy | Buy |
| 2026-08-04 | Mizuho | Maintain | Outperform | Outperform |
| 2026-08-04 | UBS | Maintain | Buy | Buy |
| 2026-08-03 | Truist Securities | Maintain | Buy | Buy |
| 2026-08-03 | Baird | Maintain | Outperform | Outperform |
| 2026-08-03 | Citigroup | Maintain | Buy | Buy |
| 2026-08-03 | TD Cowen | Maintain | Buy | Buy |
| 2026-08-03 | Keybanc | Maintain | Overweight | Overweight |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-08-01 | 2 | 17 | 1 | 0 | 0 |
| 2026-07-01 | 2 | 17 | 1 | 0 | 1 |
| 2026-06-01 | 2 | 17 | 0 | 0 | 1 |
| 2026-05-01 | 2 | 17 | 1 | 1 | 1 |
| 2026-04-01 | 2 | 16 | 1 | 1 | 1 |
| 2026-03-01 | 2 | 16 | 1 | 1 | 1 |
| 2026-02-01 | 2 | 16 | 2 | 1 | 0 |
| 2026-01-01 | 2 | 16 | 2 | 0 | 0 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $14.30B | $1.37B | 9.6% | $0 | $652.6M | $1.12B | $399.0M | $5.12 |
| FY 2024 | $12.30B | $1.63B | 13.2% | $0 | $436.4M | $950.8M | $162.8M | $2.09 |
| FY 2023 | $12.00B | $786.8M | 6.6% | $0 | $152.0M | $754.9M | -$49.9M | $-0.64 |
| FY 2022 | $9.78B | $1.19B | 12.2% | $0 | $125.1M | $662.5M | $33.4M | $0.45 |
| FY 2021 | $7.95B | $1.15B | 14.4% | $0 | $416.3M | $906.3M | $328.8M | $4.54 |
| FY 2020 | $6.32B | $1.05B | 16.6% | $0 | $0 | $782.5M | $322.8M | $4.43 |
| FY 2019 | $7.18B | $877.5M | 12.2% | $0 | $578.0M | $823.4M | $392.3M | $5.22 |
| FY 2018 | $6.91B | $970.1M | 14.0% | $0 | $495.5M | $682.8M | $259.7M | $3.30 |
| FY 2017 | $6.61B | $861.7M | 13.0% | $0 | $398.5M | $620.9M | $347.2M | $4.29 |
| FY 2016 | $5.13B | $692.6M | 13.5% | $0 | $276.6M | $441.5M | $131.3M | $1.63 |
| FY 2015 | $4.21B | $487.0M | 11.6% | $0 | $56.7M | $150.0M | -$79.1M | $-0.98 |
| FY 2014 | $4.61B | $633.5M | 13.7% | $0 | $241.9M | $400.8M | $115.6M | $1.45 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $545.7M | $260.0M | $285.7M |
| FY 2024 | $1.12B | $148.9M | $972.8M |
| FY 2023 | $687.3M | $192.9M | $494.3M |
| FY 2022 | $352.3M | $263.4M | $88.9M |
| FY 2021 | $793.1M | $170.1M | $623.0M |
| FY 2020 | $937.3M | $213.7M | $723.5M |
| FY 2019 | $550.3M | $126.5M | $423.8M |
| FY 2018 | $530.0M | $180.4M | $349.5M |
| FY 2017 | $156.3M | $123.4M | $32.9M |
| FY 2016 | $205.6M | $117.1M | $88.5M |
| FY 2015 | $367.4M | $84.4M | $283.0M |
| FY 2014 | $322.0M | $109.3M | $212.8M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $396.0M | $3.54B | $112.5M | $2.19B | $10.13B | $2.80B | $2.40B | $6.79B | $3.26B |
| FY 2024 | $399.9M | $2.94B | $107.3M | $1.95B | $8.98B | $2.63B | $2.23B | $5.99B | $2.91B |
| FY 2023 | $529.6M | $3.13B | $108.1M | $2.07B | $9.37B | $3.50B | $2.97B | $6.65B | $2.71B |
| FY 2022 | $370.6M | $3.13B | $118.0M | $2.03B | $9.29B | $3.51B | $3.14B | $6.55B | $2.74B |
| FY 2021 | $360.7M | $2.25B | $92.6M | $1.70B | $7.12B | $2.29B | $1.93B | $4.58B | $2.54B |
| FY 2020 | $423.1M | $1.75B | $89.6M | $1.16B | $5.23B | $1.49B | $1.07B | $3.22B | $2.01B |
| FY 2019 | $71.4M | $1.87B | $100.1M | $1.14B | $5.00B | $1.67B | $1.60B | $3.21B | $1.79B |
| FY 2018 | $27.4M | $1.92B | $113.7M | $747.8M | $4.44B | $1.41B | $1.38B | $3.05B | $1.39B |
| FY 2017 | $40.3M | $1.60B | $77.0M | $706.5M | $4.07B | $1.37B | $1.33B | $2.63B | $1.43B |
| FY 2016 | $38.8M | $1.16B | $111.0M | $549.1M | $3.18B | $1.03B | $987.2M | $2.08B | $1.10B |
| FY 2015 | $5.0M | $911.1M | $90.6M | $558.7M | $2.94B | $1.01B | $1.01B | $2.00B | $943.4M |
| FY 2014 | $24.1M | $1.30B | $112.8M | $623.1M | $3.56B | $1.13B | $1.11B | $2.41B | $1.15B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 9.6% | 4.6% | 2.8% | 1.3x | 1.3x | 12.2% | 7.4% | 1.4x | 17.3x | 1.7% | 0.0% | 58d |
| FY 2024 | 13.2% | 3.5% | 1.3% | 1.2x | 1.2x | 5.6% | 5.5% | 1.0x | 13.5x | 9.2% | 0.0% | 53d |
| FY 2023 | 6.6% | 1.3% | -0.4% | 1.4x | 1.4x | -1.8% | 1.3% | 0.7x | 11.7x | 8.4% | 0.0% | 58d |
| FY 2022 | 12.2% | 1.3% | 0.3% | 1.5x | 1.5x | 1.2% | 1.4% | 1.0x | 14.4x | 1.4% | 0.0% | 75d |
| FY 2021 | 14.4% | 5.2% | 4.1% | 1.6x | 1.6x | 12.9% | 5.7% | 1.1x | 9.5x | 9.3% | 0.0% | 73d |
| FY 2020 | 16.6% | 0.0% | 5.1% | 1.7x | 1.6x | 16.1% | 0.0% | 1.0x | 7.7x | 14.6% | 0.0% | 68d |
| FY 2019 | 12.2% | 8.0% | 5.5% | 1.8x | 1.7x | 21.9% | 11.2% | 0.9x | 7.8x | 8.8% | 0.0% | 70d |
| FY 2018 | 14.0% | 7.2% | 3.8% | 1.7x | 1.6x | 18.7% | 10.9% | 0.7x | 6.7x | 11.0% | 0.0% | 67d |
| FY 2017 | 13.0% | 6.0% | 5.3% | 1.9x | 1.8x | 24.2% | 11.7% | 0.8x | 8.5x | 0.8% | 0.0% | 69d |
| FY 2016 | 13.5% | 5.4% | 2.6% | 1.7x | 1.5x | 11.9% | 6.8% | 0.8x | 9.2x | 2.9% | 0.0% | 61d |
| FY 2015 | 11.6% | 1.3% | -1.9% | 1.5x | 1.4x | -8.4% | 2.5% | 0.6x | 16.0x | 20.2% | 0.0% | 54d |
| FY 2014 | 13.7% | 5.2% | 2.5% | 1.6x | 1.5x | 10.1% | 5.5% | 0.6x | 7.3x | 11.8% | 0.0% | 69d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +16.2% | -16.1% | 0.0% | +49.6% | +145.1% | +145.0% | -70.6% | -74.7% | -1.0% | +4.8% | +12.8% | +6.4% |
| FY 2024 | +2.6% | +106.8% | 0.0% | +187.1% | +425.9% | +426.6% | +96.8% | +22.8% | -24.5% | -0.7% | -4.2% | -24.7% |
| FY 2023 | +22.7% | -34.0% | 0.0% | +21.5% | -249.8% | -242.2% | +455.8% | +26.7% | +42.9% | -8.3% | +0.9% | -0.5% |
| FY 2022 | +23.0% | +4.0% | 0.0% | -69.9% | -89.9% | -90.1% | -85.7% | -54.9% | +2.7% | +27.4% | +30.5% | +53.8% |
| FY 2021 | +25.8% | +9.1% | 0.0% | 0.0% | +1.9% | +2.5% | -13.9% | +20.4% | -14.7% | +3.3% | +36.2% | +53.2% |
| FY 2020 | -12.0% | +19.7% | 0.0% | -100.0% | -17.7% | -15.1% | +70.7% | -69.0% | +492.4% | -10.4% | +4.6% | -10.6% |
| FY 2019 | +4.0% | -9.6% | 0.0% | +16.6% | +51.1% | +58.2% | +21.2% | +29.9% | +160.5% | -12.0% | +12.5% | +18.6% |
| FY 2018 | +4.6% | +12.6% | 0.0% | +24.3% | -25.2% | -23.1% | +964.0% | -46.2% | -32.0% | +47.7% | +9.2% | +2.8% |
| FY 2017 | +28.7% | +24.4% | 0.0% | +44.1% | +164.5% | +163.2% | -62.9% | -5.4% | +4.0% | -30.7% | +27.8% | +33.4% |
| FY 2016 | +22.0% | +42.2% | 0.0% | +387.9% | +265.9% | +266.3% | -68.7% | -38.7% | +677.8% | +22.6% | +8.3% | +1.6% |
| FY 2015 | -8.8% | -23.1% | 0.0% | -76.6% | -168.4% | -167.6% | +33.0% | +22.7% | -79.3% | -19.7% | -17.4% | -11.0% |
| FY 2014 | +6.7% | -1.4% | 0.0% | -14.6% | -18.0% | -20.8% | +187.1% | +13.5% | +4.9% | +60.7% | +21.9% | +38.9% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $10.18B
Clean Energy and Infrastructure$4.70B · 46.2%
Communications$3.34B · 32.8%
Pipeline Infrastructure$2.14B · 21.0%
Latest geography mixFY 2025 · $177.2M
Non-US$177.2M · 100.0%
Product revenue annual
| Period | Total | Communications | Clean Energy and Infrastructure | Power Delivery | Oil And Gas | Oil And Gas 1 | Oil And Gas Segment | Power Generation and Industrial | Electrical Transmission | Pipeline Infrastructure | Other Segments |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $10.18B | $3.34B | $4.70B | -- | -- | -- | -- | -- | -- | $2.14B | -- |
| FY 2024 | $10.23B | $3.46B | $4.09B | $2.68B | -- | -- | -- | -- | -- | -- | -- |
| FY 2023 | $12.03B | $3.26B | $3.96B | $2.74B | -- | -- | $2.07B | -- | -- | -- | $0 |
| FY 2022 | $9.80B | $3.23B | $2.62B | $2.73B | -- | -- | $1.22B | -- | -- | -- | $0 |
| FY 2021 | $7.97B | $2.55B | $1.86B | $1.02B | -- | -- | $2.54B | -- | -- | -- | $0 |
| FY 2020 | $6.34B | $2.51B | $1.53B | -- | -- | $1.79B | -- | -- | $506.5M | -- | $600,000 |
| FY 2019 | $7.18B | $2.62B | -- | -- | -- | $3.12B | -- | $1.03B | $413.9M | -- | $200,000 |
| FY 2018 | $6.91B | $2.56B | -- | -- | -- | $3.29B | -- | $665.0M | $397.3M | -- | $3.5M |
| FY 2017 | $6.62B | $2.42B | -- | -- | $3.50B | -- | -- | $299.9M | $378.2M | -- | $20.8M |
| FY 2016 | $5.15B | $2.32B | -- | -- | $2.02B | -- | -- | $405.7M | $383.8M | -- | $15.9M |
| FY 2015 | $4.22B | $1.97B | -- | -- | $1.50B | -- | -- | $381.6M | $341.5M | -- | $24.1M |
| FY 2014 | $4.62B | $2.04B | -- | -- | $1.73B | -- | -- | $357.0M | $471.9M | -- | $14.7M |
Geography revenue annual
| Period | Total | UNITED STATES | Non-US | Foreign Operations | Foreign Operation |
|---|---|---|---|---|---|
| FY 2025 | $177.2M | -- | $177.2M | -- | -- |
| FY 2023 | $12.00B | $11.90B | $95.1M | -- | -- |
| FY 2022 | $9.75B | $9.60B | $149.9M | -- | -- |
| FY 2021 | $7.97B | $7.80B | $165.2M | -- | -- |
| FY 2020 | $6.33B | $6.20B | $133.1M | -- | -- |
| FY 2019 | $7.13B | $6.90B | $233.5M | -- | -- |
| FY 2018 | $6.86B | $6.70B | $164.3M | -- | -- |
| FY 2017 | $6.61B | $6.40B | $211.5M | -- | -- |
| FY 2016 | $5.18B | $4.90B | $279.7M | -- | -- |
| FY 2015 | $4.17B | $3.60B | $574.8M | -- | -- |
| FY 2014 | $4.60B | $3.90B | -- | $699.9M | -- |
| FY 2013 | $4.37B | $4.10B | -- | -- | $268.1M |
Transcripts75 on file
Transcripts
Events
Events
Next earnings
2026-10-29EPS est $2.96
Latest news
- How Superior Strengthens MasTec's Data Center Opportunity
Zacks Investment Research · 2026-08-20
- Bruni J V & Co. Co. Invests $6.71 Billion in MasTec, Inc. $MTZ
Defense World · 2026-08-19