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) Operating margin

Alert me on Operating margin

MasTec, Inc.'s operating margin over the twelve months to 30 September 2026 was 4.93%, up 0.4 percentage points from fiscal 2025 (4.56%). Over the past ten years it has ranged from −0.65% (fiscal 2015) to 8.18% (fiscal 2019); the current reading is higher than 45% of that period. That is below the Engineering & Construction industry median of 6.43% and below the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 4.56% 1.01
FY2024 3.55% 2.88
FY2023 0.67% (0.61)
FY2022 1.28% (3.95)
FY2021 5.23% (1.88)
FY2020 7.11% (1.07)
FY2019 8.18% 2.07
FY2018 6.11% 0.08
FY2017 6.03% 0.85
FY2016 5.18% 5.83

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 5.35% 0.18
Jun 2026 5.17% 1.47
Mar 2026 3.70% (1.60)
Dec 2025 5.30% (0.99)
43 more quarters

Against its own ten years

Low −0.65% High 8.18%
Ten-year median 5.18%
Current reading's percentile 47

Operating margin against peers

Company Operating margin
STRL Sterling Infrastructure, Inc. compare 18.2%
IESC IES Holdings, Inc. compare 12.4%
TTEK Tetra Tech, Inc. compare 12.1%
EME EMCOR Group, Inc. compare 10.4%
DY Dycom Industries, Inc. compare 7.78%
APG APi Group Corporation compare 7.23%
MTZ MasTec, Inc. 4.93%
J Jacobs Solutions Inc. compare 4.57%
ACM AECOM compare 4.10%
Engineering & Construction industry median 6.43%
Industrials sector median 5.21%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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