MTZ · Mastec Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.83B | - | $3.97B | $3.54B | $2.85B | - | $3.25B | $2.96B | $2.69B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $214.21M | - | $181.05M | $176.65M | $166.17M | - | $168.87M | $167.08M | $165.54M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $121.90M | - | $104.60M | $102.60M | $108.90M | - | $114.60M | $135.80M | $141.10M | - |
| Operating Income | $36.19M | - | $211.62M | $120.79M | $8.94M | - | $136.96M | $63.11M | ($45.54M) | - |
| Interest Expense | $39.04M | - | - | - | - | - | - | - | - | - |
| Income Tax | $21.79M | - | $45.13M | $30.66M | ($3.38M) | - | $31.55M | $19.34M | ($11.08M) | - |
| Net Income | $60.84M | - | $160.66M | $85.77M | $9.90M | - | $95.24M | $33.99M | ($41.18M) | - |
| EPS - Basic | $0.78 | - | $2.07 | $1.10 | $0.13 | - | $1.22 | $0.44 | ($0.53) | - |
| EPS - Diluted | $0.77 | - | $2.04 | $1.09 | $0.13 | - | $1.21 | $0.43 | ($0.53) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $273.67M | $396.03M | $231.42M | $191.05M | $345.75M | $399.90M | $181.22M | $297.59M | $249.33M | $529.56M |
| Accounts Receivable | $1.59B | $1.54B | $1.69B | $1.42B | $1.35B | $1.38B | $1.45B | $1.34B | $1.31B | $1.37B |
| Inventory | $117.23M | $112.47M | $111.87M | $108.53M | $114.50M | $107.34M | $101.16M | $107.88M | $112.32M | $108.15M |
| Accounts Payable | $1.32B | $1.28B | $1.29B | $1.22B | $985.72M | $1.11B | $1.04B | $993.98M | $965.31M | $1.24B |
| Current Assets | $4.52B | $4.33B | $4.31B | $3.75B | $3.55B | $3.65B | $3.57B | $3.48B | $3.45B | $3.97B |
| Total Assets | $10.44B | $9.92B | $9.69B | $9.13B | $8.86B | $8.98B | $8.76B | $8.68B | $8.75B | $9.37B |
| Current Liabilities | $3.43B | $3.27B | $3.24B | $3.07B | $2.91B | $3.00B | $2.89B | $2.75B | $2.63B | $2.84B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $7.01B | $6.59B | $6.51B | $6.12B | $5.91B | $5.99B | $5.93B | $5.94B | $6.06B | $6.65B |
| Stockholders' Equity | $3.31B | $3.26B | $3.11B | $2.95B | $2.88B | $2.91B | $2.81B | $2.71B | $2.67B | $2.71B |
| Retained Earnings | $2.77B | $2.71B | $2.56B | $2.40B | $2.32B | $2.31B | $2.23B | $2.14B | $2.10B | $2.15B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $98.85M | - | - | - | $78.36M | - | - | - | $107.75M | - |
| Investing Cash Flow | ($336.00M) | - | - | - | ($34.91M) | - | - | - | ($13.03M) | - |
| Financing Cash Flow | $114.85M | - | - | - | ($97.69M) | - | - | - | ($374.82M) | - |
| CapEx | $96.77M | - | $68.70M | $63.80M | $47.26M | - | - | - | $25.41M | - |
| Free Cash Flow | $2.09M | - | - | - | $31.10M | - | - | - | $82.34M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 0.9% | - | 5.3% | 3.4% | 0.3% | - | 4.2% | 2.1% | -1.7% | - |
| EBITDA margin | 4.1% | - | 8.0% | 6.3% | 4.1% | - | 7.7% | 6.7% | 3.6% | - |
| Net margin | 1.6% | - | 4.0% | 2.4% | 0.3% | - | 2.9% | 1.1% | -1.5% | - |
| Free cash flow margin | 0.1% | - | - | - | 1.1% | - | - | - | 3.1% | - |
| FCF / Net income | 0.03 | - | - | - | 3.14 | - | - | - | -2.00 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 5.6% | - | 4.6% | 5.0% | 5.8% | - | 5.2% | 5.6% | 6.2% | - |
| Effective tax rate | 26.4% | - | 21.9% | 26.3% | -51.9% | - | 24.9% | 36.3% | - | - |
| Return on assets | 0.6% | - | 1.7% | 0.9% | 0.1% | - | 1.1% | 0.4% | -0.5% | - |
| Return on equity | 1.8% | - | 5.2% | 2.9% | 0.3% | - | 3.4% | 1.3% | -1.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.32 | 1.32 | 1.33 | 1.22 | 1.22 | 1.22 | 1.24 | 1.27 | 1.31 | 1.40 |
| Quick ratio | 1.28 | 1.29 | 1.30 | 1.19 | 1.18 | 1.18 | 1.20 | 1.23 | 1.27 | 1.36 |
| Cash ratio | 0.08 | 0.12 | 0.07 | 0.06 | 0.12 | 0.13 | 0.06 | 0.11 | 0.09 | 0.19 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 0.9x | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.16 | 3.04 | 3.11 | 3.10 | 3.07 | 3.08 | 3.12 | 3.20 | 3.27 | 3.46 |
| Liabilities / Assets | 0.67 | 0.66 | 0.67 | 0.67 | 0.67 | 0.67 | 0.68 | 0.68 | 0.69 | 0.71 |
| Efficiency | ||||||||||
| Asset turnover | 0.37 | - | 0.41 | 0.39 | 0.32 | - | 0.37 | 0.34 | 0.31 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 152d | - | 156d | 147d | 172d | - | 163d | 165d | 178d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 417.8x | - | 104.3x | 156.4x | 897.8x | - | 101.7x | 248.8x | - | - |
| P / B | 7.7x | - | 5.4x | 4.5x | 3.2x | - | 3.5x | 3.1x | 2.7x | - |
| P / S | 6.6x | - | 4.2x | 3.8x | 3.2x | - | 3.0x | 2.8x | 2.7x | - |
| EV / EBITDA | 158.6x | - | 52.2x | 59.0x | 75.4x | - | 37.9x | 40.9x | 73.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 34.5% | - | 22.0% | 19.7% | 6.0% | - | -0.1% | 3.0% | 4.0% | - |
| Revenue CAGR (3y) | 14.0% | - | 16.4% | 15.5% | 13.4% | - | 10.6% | 14.7% | 14.8% | - |
| Revenue CAGR (5y) | 16.6% | - | 18.5% | 17.7% | 15.0% | - | 10.0% | 8.8% | 12.1% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 304.6% | - | 54.5% | 91.4% | - | - | 498.7% | 220.6% | 63.7% | - |
| Net income growth (YoY) | 514.4% | - | 68.7% | 152.3% | - | - | 566.2% | 118.7% | 48.9% | - |
| EPS growth (YoY) | 492.3% | - | 68.6% | 153.5% | - | - | 572.2% | 115.0% | 49.5% | - |
| EPS CAGR (3y) | - | - | 46.4% | 76.0% | - | - | -6.9% | -25.0% | - | - |
| EPS CAGR (5y) | -2.9% | - | 5.1% | 6.9% | -23.0% | - | -6.5% | -22.9% | - | - |
| FCF growth (YoY) | -93.3% | - | - | - | -62.2% | - | - | - | - | - |
| FCF CAGR (5y) | -60.2% | - | - | - | -26.3% | - | - | - | - | - |
| Book value growth (YoY) | 14.7% | 11.9% | 10.8% | 8.6% | 7.9% | 7.6% | 3.9% | 1.3% | 1.1% | -1.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$14.35B totalClean Energy And Infrastructure$4.70B · 32.7%
Power Delivery$4.18B · 29.1%
Communications$3.34B · 23.3%
Pipeline Infrastructure$2.14B · 14.9%
Geographic
$177.20M totalNon Us$177.20M · 100.0%
Peer comparison
Same SIC group: Water, Sewer, Pipeline, Comm & Power Line Construction
Comparing MASTEC INC against the 5 most active filers in the same SIC group.