Saturday 17 October 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. In the quarter to June 2026, revenue grew 23.4%, EPS grew 51.8%, free cash flow fell 31.2% and total debt rose 21.4%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

191.10 0.53 −0.28%

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Market cap: $15.4B
P/E: 30.1×
Fwd P/E: 53.1×
Dividend yield: —
F-score: 7/9
Altman Z: 3.71
Beneish M: −2.38
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 6.32

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	—	2	—	1	1	—	—	—	—

Insider Ownership 19.04%

Capital & Financial Ratios $m

Market Cap 15,390.00

Revenue 16,109.10

Net Income 534.95

Free Cash Flow 294.81

Net Debt 2,424.59

Current Ratio 1.40

Debt/Equity 0.76

P/E ratio 30.09

Fwd P/E 53.10

P/S ratio 0.93

P/B ratio 4.14

Past 5Y EPS Growth 2.97%

This Y EPS Growth 41.73%

Next Y EPS Growth 33.24%

Next Y revenue growth 27.20%

Next 5Y EPS Growth 35.19%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 62.66%

10-year low 10-year high

P/S against its own 10 years 80.06%

10-year low 10-year high

P/B against its own 10 years 86.84%

10-year low 10-year high

EV/Sales against its own 10 years 77.63%

10-year low 10-year high

EV/FCF against its own 10 years 86.27%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	530	400	396	316
Receivables	1,370	1,381	1,540	1,744
Inventory	108	107	112	114
Other	1,861	1,645	2,097	2,614
	3,974	3,653	4,329	4,939

	2023	2024	2025	Q'26
Payables	1,243	1,106	1,281	1,473
ST’ Debt	177	186	154	166
Other	666	901	871	879
	2,837	3,000	3,271	3,529

Compound Annual Growth %

	10y	5y	3y
Sales	13.01%	17.73%	13.51%
Cash Flow	4.04%	(10.25%)	15.70%
Earnings	0.00%	4.33%	128.71%
Book Value	13.46%	10.70%	6.75%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,829	4,374	—	—	—
’25	2,848	3,545	3,967	3,940	14,299
’24	2,687	2,961	3,252	3,403	12,303
’23	2,585	2,874	3,257	3,280	11,996
’22	1,954	2,302	2,513	3,008	9,778
’21	1,775	1,963	2,404	1,809	7,952
’20	1,417	1,569	1,698	1,637	6,321

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	99	21	—	—	—
’25	78	6	89	373	546
’24	108	264	278	472	1,122
’23	(86)	(12)	294	491	687
’22	132	(130)	117	234	352
’21	257	92	150	294	793
’20	203	264	216	254	937

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	12	(59)	—	—	—
’25	45	(45)	36	306	342
’24	93	253	252	440	1,039
’23	(130)	(45)	270	483	578
’22	53	(224)	123	218	170
’21	215	50	127	296	688
’20	151	201	177	231	761

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.77	1.65	—	—	—
’25	0.13	1.09	2.04	1.81	5.07
’24	(0.53)	0.43	1.21	0.95	2.06
’23	(1.05)	0.20	0.18	0.01	(0.64)
’22	(0.47)	0.20	0.65	0.04	0.42
’21	0.89	1.02	1.50	1.04	4.45
’20	0.48	0.78	1.59	1.54	4.38

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	12.44	34.33	37.24	39.30	22.51	67.05	62.36	44.65	60.96	99.70	Analyst estimates 2026–2028 Powerpack
	High	40.90	51.20	55.53	73.71	71.11	122.33	99.00	123.33	150.12	233.14
People
People	Employees	15,400	17,300	19,000	21,000	18,000	25,000	30,000	34,000	33,000	36,000
	Revenue/emp, $m	0.33	0.38	0.36	0.34	0.35	0.32	0.33	0.35	0.37	0.40
Income, $m
Income, $m	Revenue	5,135	6,607	6,909	7,183	6,321	7,952	9,778	11,996	12,303	14,299
	Gross margin, %	13.49	13.04	14.04	15.49	16.61	14.41	12.19	11.52	13.23	12.54
	EBT	226	372	365	511	425	430	43	(83)	251	515
	EBT margin, %	4.40	5.63	5.29	7.11	6.73	5.41	0.44	(0.69)	2.04	3.60
	Net income	134	349	259	394	323	331	34	(47)	199	422
	Depreciation	165	188	261	235	298	423	507	603	507	427
Per share, $
Per share, $	Revenue	63.89	81.67	87.80	95.54	86.83	109.68	130.52	154.72	157.64	183.64
	Earnings	1.63	4.29	3.30	5.22	4.43	4.54	0.45	(0.64)	2.09	5.12
	Cash flow	2.56	1.78	6.73	7.32	12.87	10.94	4.70	8.86	14.37	7.01
	Capex	(1.32)	(1.28)	(1.79)	(1.22)	(2.43)	(1.45)	(2.43)	(1.40)	(1.06)	(2.62)
	Free cash flow	1.24	0.50	4.94	6.10	10.45	9.49	2.27	7.46	13.31	4.39
	Book value	13.73	17.72	17.69	23.83	27.55	35.09	36.59	35.10	38.28	42.82
	Shares, m	80	81	79	75	73	72	75	78	78	78
Valuation, ×
Valuation, ×	P/E	22.13	11.67	12.22	12.31	15.36	20.33	191.71	0.00	65.14	42.37
	P/S	0.57	0.61	0.46	0.67	0.79	0.84	0.66	0.48	0.86	1.18
	P/B	2.64	2.83	2.29	2.69	2.47	2.63	2.36	2.11	3.56	5.08
	EV/Sales	0.76	0.81	0.66	0.86	0.92	1.05	0.95	0.69	1.01	1.32
	EV/FCF	39.16	132.30	11.75	13.48	7.68	12.12	54.67	14.32	11.98	55.14
Cash, $m
Cash, $m	Operating cash flow	206	144	530	550	937	793	352	687	1,122	546
	Capex	(106)	(103)	(141)	(91)	(177)	(105)	(182)	(109)	(83)	(204)
	Free cash flow	100	41	389	459	761	688	170	578	1,039	342
Balance, $m
Balance, $m	Working capital	562	889	885	954	944	1,089	1,363	1,137	653	1,058
	Total debt	1,026	1,369	1,407	1,432	1,303	2,014	3,224	3,065	2,224	2,331
	Net debt	987	1,328	1,379	1,361	880	1,653	2,854	2,536	1,824	1,935
	Shareholders’ equity	1,104	1,433	1,392	1,792	2,006	2,544	2,741	2,721	2,987	3,335
Returns, %
Returns, %	ROA	4.30	9.58	6.10	8.31	6.31	5.33	0.41	(0.54)	1.77	4.22
	ROIC	7.96	9.02	9.52	11.65	9.73	6.20	1.40	0.95	5.67	7.74
	ROE	12.82	27.37	18.38	24.65	17.00	14.46	1.26	(1.83)	5.70	12.62

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
EME EMCOR Group, Inc.	$32.3B	22.3×	28.0×	+19.76% (above 0%: growing)	+34.87% (above 0%: growing)	+55.56% (above 0%: growing)	19.83%	10.62%	Compare
APG APi Group Corporation	$17.6B	— (loss-making)	36.8×	+13.27% (above 0%: growing)	+23.53% (above 0%: growing)	−12.90% (below 0%: shrinking)	31.19%	7.76%	Compare
J Jacobs Solutions Inc.	$16.6B	49.7×	28.3×	+34.46% (above 0%: growing)	−25.16% (below 0%: shrinking)	+59.31% (above 0%: growing)	19.89%	7.03%	Compare
MTZ MasTec, Inc.	$15.4B	30.1×	53.1×	+23.38% (above 0%: growing)	+51.82% (above 0%: growing)	−31.15% (below 0%: shrinking)	12.72%	5.17%
STRL Sterling Infrastructure, Inc.	$13.7B	30.1×	52.6×	+90.11% (above 0%: growing)	+118.03% (above 0%: growing)	+55.30% (above 0%: growing)	24.82%	18.77%	Compare
IESC IES Holdings, Inc.	$10.6B	22.1×	36.6×	+39.60% (above 0%: growing)	+98.70% (above 0%: growing)	−14.63% (below 0%: shrinking)	27.41%	14.37%	Compare
TTEK Tetra Tech, Inc.	$8.9B	20.8×	17.9×	−4.47% (below 0%: shrinking)	−2.33% (below 0%: shrinking)	−34.95% (below 0%: shrinking)	18.59%	12.07%	Compare
DY Dycom Industries, Inc.	$7.8B	22.8×	41.3×	+45.57% (above 0%: growing)	+13.95% (above 0%: growing)	+106.51% (above 0%: growing)	21.96%	9.57%	Compare
ACM AECOM	$7.6B	26.7×	15.5×	−14.18% (below 0%: shrinking)	n/m	−78.95% (below 0%: shrinking)	(0.95%)	(2.12%)	Compare
Median of peers	$12.1B	22.8×	32.5×	+27.11%	+23.53%	+21.20%	20.93%	10.10%

All 51 Engineering & Construction stocks →

MasTec, Inc. (MTZ) key facts

Strength: MasTec, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.3 billion, up 16.2% from fiscal 2024.
Strength: Net income was $422.0 million, or $5.12 per share (basic), a net margin of 2.79%.
MasTec, Inc. (MTZ) is an Engineering & Construction company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, MTZ traded at $191.10, a market capitalization of $15.4 billion.
At that price the stock trades at 30.1× trailing-twelve-month earnings and 0.9× sales; its P/E is higher than 63% of its own readings over the past ten years.
Return on equity was 12.6% and debt-to-equity 0.76.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 3.71 (safe zone) for fiscal 2025.