Friday 6 November 2026 Export MTZ’s income statement to Excel — free account

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

Revenue growth 5 yrs

160.55 7.06 −4.21%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

MasTec, Inc. (MTZ) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2021: revenue by regions, and margins
United States	7,800	98.09%
Foreign Operations	165	2.08%
Gross margin		14.41%
Operating margin		5.23%
Pre-tax margin		5.41%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Clean Energy and Infrastructure	4,700 32.86%	4,092 33.26%	3,962 33.03%	2,619 26.78%	1,865 23.45%	1,527 24.16%	1,034 14.40%	665 9.62%	300 4.54%	406 7.90%	382 9.07%	357 7.74%	294 6.80%	668 17.93%	220 7.76%
Power Delivery	4,176 29.20%	3,613 29.36%	3,625 30.22%	2,725 27.87%	1,017 12.79%	507 8.01%	414 5.76%	397 5.75%	378 5.72%	384 7.47%	342 8.11%	472 10.23%	429 9.91%	312 8.38%	198 7.00%
Communications	3,339 23.35%	2,524 20.52%	2,366 19.73%	3,234 33.07%	2,551 32.08%	2,512 39.74%	2,619 36.46%	2,557 37.00%	2,424 36.69%	2,324 45.25%	1,973 46.89%	2,041 44.26%	1,963 45.38%	1,773 47.57%	1,635 57.75%
Pipeline Infrastructure	2,138 14.95%	2,134 17.34%	2,073 17.28%	1,220 12.47%	2,541 31.95%	1,790 28.32%	3,117 43.40%	3,289 47.60%	3,497 52.93%	2,024 39.43%	1,495 35.53%	1,731 37.54%	1,629 37.66%	959 25.73%	774 27.35%
Other	0 0.00%	0 0.00%	0 0.00%	0 0.00%	0 0.00%	1 0.01%	0 0.00%	4 0.05%	21 0.31%	16 0.31%	24 0.57%	15 0.32%	12 0.28%	17 0.45%	5 0.17%
Revenue	14,300	12,303	11,996	9,778	7,952	6,321	7,183	6,909	6,607	5,135	4,208	4,612	4,325	3,727	2,831

Revenue by region $m

Line	FY2021	FY2020	FY2019	FY2018	FY2017	FY2015	FY2014
United States	7,800 98.09%	6,200 98.09%	6,900 96.06%	6,700 96.97%	6,400 96.87%	3,600 85.54%	3,900 84.57%
Foreign Operations	165 2.08%	133 2.11%	234 3.25%	164 2.38%	212 3.20%	575 13.66%	700 15.18%
Other, not broken out	—	—	50 0.69%	45 0.65%	—	34 0.80%	—
Revenue	7,952	6,321	7,183	6,909	6,607	4,208	4,612

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Clean Energy and Infrastructure backlog	Q3 FY2026	$8.3B	$5.0B	+65.44%
Communications backlog	Q3 FY2026	$5.1B	$5.1B	−0.04%
Estimated 18-month backlog	Q3 FY2026	$24.5B	$16.8B	+46.28%
Oil and Gas backlog	Q3 FY2026	$2.3B	$1.6B	+44.18%
Power Delivery backlog	Q3 FY2026	$8.9B	$5.1B	+73.81%
Remaining performance obligations	Q3 FY2026	$19.1B	$11.7B	+63.25%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018
Clean Energy and Infrastructure backlog	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Communications backlog	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Power Delivery backlog	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.