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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $14.30B | $12.30B | $12.00B | $9.78B | $7.95B | $6.32B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $713.01M | $684.51M | $698.90M | $559.44M | $306.97M | $319.19M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $427.10M | $506.60M | $603.20M | $507.10M | $422.80M | $297.80M |
| Operating Income | $515.40M | $250.96M | ($82.70M) | $43.06M | $430.07M | $425.16M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $93.38M | $51.54M | ($35.41M) | $9.17M | $99.35M | $102.47M |
| Net Income | $399.04M | $162.79M | ($49.95M) | $33.35M | $328.83M | $322.85M |
| EPS - Basic | $5.12 | $2.09 | ($0.64) | $0.45 | $4.54 | $4.43 |
| EPS - Diluted | $5.07 | $2.06 | ($0.64) | $0.42 | $4.45 | $4.38 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $396.03M | $399.90M | $529.56M | $370.59M | $360.74M | $423.12M |
| Accounts Receivable | $1.54B | $1.38B | $1.37B | $1.40B | $1.02B | $784.49M |
| Inventory | $112.47M | $107.34M | $108.15M | $117.97M | $92.59M | $89.64M |
| Accounts Payable | $1.28B | $1.11B | $1.24B | $1.11B | $663.06M | $571.27M |
| Current Assets | $4.33B | $3.65B | $3.97B | $3.86B | $2.87B | $2.36B |
| Total Assets | $9.92B | $8.98B | $9.37B | $9.29B | $7.12B | $5.23B |
| Current Liabilities | $3.27B | $3.00B | $2.84B | $2.50B | $1.78B | $1.42B |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $6.59B | $5.99B | $6.65B | $6.55B | $4.58B | $3.22B |
| Stockholders' Equity | $3.26B | $2.91B | $2.71B | $2.74B | $2.54B | $2.00B |
| Retained Earnings | $2.71B | $2.31B | $2.15B | $2.20B | $2.16B | $1.83B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $545.71M | $1.12B | $687.28M | $352.30M | $793.07M | $937.25M |
| Investing Cash Flow | ($267.25M) | ($157.49M) | ($178.06M) | ($821.18M) | ($1.36B) | ($216.60M) |
| Financing Cash Flow | ($283.44M) | ($1.09B) | ($351.00M) | $480.90M | $501.94M | ($369.89M) |
| CapEx | $259.99M | $148.85M | $192.94M | $263.35M | $170.07M | $213.75M |
| Free Cash Flow | $285.73M | $972.77M | $494.34M | $88.94M | $623.01M | $723.51M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 3.6% | 2.0% | -0.7% | 0.4% | 5.4% | 6.7% |
| EBITDA margin | 6.6% | 6.2% | 4.3% | 5.6% | 10.7% | 11.4% |
| Net margin | 2.8% | 1.3% | -0.4% | 0.3% | 4.1% | 5.1% |
| Free cash flow margin | 2.0% | 7.9% | 4.1% | 0.9% | 7.8% | 11.4% |
| FCF / Net income | 0.72 | 5.98 | -9.90 | 2.67 | 1.89 | 2.24 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 5.0% | 5.6% | 5.8% | 5.7% | 3.9% | 5.0% |
| Effective tax rate | 19.0% | 24.0% | - | 21.6% | 23.2% | 24.1% |
| Return on assets | 4.0% | 1.8% | -0.5% | 0.4% | 4.6% | 6.2% |
| Return on equity | 12.2% | 5.6% | -1.8% | 1.2% | 12.9% | 16.1% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.32 | 1.22 | 1.40 | 1.55 | 1.61 | 1.67 |
| Quick ratio | 1.29 | 1.18 | 1.36 | 1.50 | 1.56 | 1.60 |
| Cash ratio | 0.12 | 0.13 | 0.19 | 0.15 | 0.20 | 0.30 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 3.04 | 3.08 | 3.46 | 3.40 | 2.80 | 2.61 |
| Liabilities / Assets | 0.66 | 0.67 | 0.71 | 0.71 | 0.64 | 0.62 |
| Efficiency | ||||||
| Asset turnover | 1.44 | 1.37 | 1.28 | 1.05 | 1.12 | 1.21 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 39d | 41d | 42d | 52d | 47d | 45d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 42.9x | 66.1x | - | 203.2x | 20.7x | 15.6x |
| P / B | 5.2x | 3.7x | 2.2x | 2.4x | 2.7x | 2.5x |
| P / S | 1.2x | 0.9x | 0.5x | 0.7x | 0.9x | 0.8x |
| EV / EBITDA | 17.7x | 13.6x | 10.3x | 11.1x | 7.6x | 6.4x |
| Growth | ||||||
| Revenue growth (YoY) | 16.2% | 2.6% | 22.7% | 23.0% | 25.8% | -12.0% |
| Revenue CAGR (3y) | 13.5% | 15.7% | 23.8% | 10.8% | 4.8% | -1.5% |
| Revenue CAGR (5y) | 17.7% | 11.4% | 11.7% | 8.2% | 9.1% | 8.5% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 105.4% | - | - | -90.0% | 1.2% | -16.8% |
| Net income growth (YoY) | 145.1% | - | - | -89.9% | 1.9% | -17.7% |
| EPS growth (YoY) | 146.1% | - | - | -90.6% | 1.6% | -15.3% |
| EPS CAGR (3y) | 129.4% | -22.6% | - | -56.7% | 10.9% | 1.2% |
| EPS CAGR (5y) | 3.0% | -16.8% | - | -37.0% | 22.5% | - |
| FCF growth (YoY) | -70.6% | 96.8% | 455.8% | -85.7% | -13.9% | 70.7% |
| FCF CAGR (5y) | -17.0% | 18.1% | 7.2% | 22.0% | 47.8% | 20.7% |
| Book value growth (YoY) | 11.9% | 7.6% | -1.1% | 7.8% | 26.9% | 12.0% |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.11
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
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.