MasTec, Inc.

MTZ Industrials Engineering & Construction

MasTec, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.3 billion, up 16.2% from fiscal 2024.

Revenue
+29.9%
EPS
+2.46%
Free cash flow
+473.2%
Total debt
+76.9%

Quarter to September 2026, against a year earlier

160.55 7.06 −4.21%
Market cap
$12.8B
P/E
25.1×
Fwd P/E
32.3×
Dividend yield
—
F-score
7/9
Altman Z
3.71
Beneish M
−2.38
Dividend safety
n/a

MasTec, Inc. (MTZ) Gross margin

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MasTec, Inc.'s gross margin over the twelve months to 30 September 2026 was 12.7%, up 0.2 percentage points from fiscal 2025 (12.5%). Over the past ten years it has ranged from 11.5% (fiscal 2023) to 16.6% (fiscal 2020); the current reading is higher than 36% of that period. That is below the Engineering & Construction industry median of 18.8% and below the Industrials sector median of 30.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 12.5% (0.69)
FY2024 13.2% 1.71
FY2023 11.5% (0.67)
FY2022 12.2% (2.22)
FY2021 14.4% (2.20)
FY2020 16.6% 1.12
FY2019 15.5% 1.45
FY2018 14.0% 1.00
FY2017 13.0% (0.45)
FY2016 13.5% 1.92

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 12.8% 0.11
Jun 2026 12.7% 0.24
Mar 2026 12.5% (0.42)
Dec 2025 12.9% (0.66)
43 more quarters

Against its own ten years

Low 11.5% High 16.6%
Ten-year median 13.2%
Current reading's percentile 40

Gross margin against peers

Company Gross margin
APG APi Group Corporation compare 31.1%
IESC IES Holdings, Inc. compare 26.3%
STRL Sterling Infrastructure, Inc. compare 23.8%
J Jacobs Solutions Inc. compare 22.1%
DY Dycom Industries, Inc. compare 20.5%
EME EMCOR Group, Inc. compare 19.6%
TTEK Tetra Tech, Inc. compare 18.8%
MTZ MasTec, Inc. 12.7%
ACM AECOM compare 5.68%
Engineering & Construction industry median 18.8%
Industrials sector median 30.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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