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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%
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 (above 35: high)
P/S ratio 0.93
P/B ratio 4.14
Past 5Y EPS Growth 2.97%
This Y EPS Growth 41.73% (at or above 15%: strong)
Next Y EPS Growth 33.24% (at or above 15%: strong)
Next Y revenue growth 27.20% (at or above 10%: strong)
Next 5Y EPS Growth 35.19% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.1×, against a ten-year median of 0.9×; over the ten years it ranged from 0.5× in 2016 to 2.2× in 2026.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

MasTec, Inc. vs peers in Engineering & Construction (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

MasTec, Inc. (MTZ) Latest News

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stockrow.com/MTZ · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com