MasTec
MTZ NYSE· Construction & Engineering
Last close · Oct 26, 2026
$172.59
KIRA · Stoqly’s AI analyst, in plain words
- MasTec had $14.3B of revenue in fiscal 2025, up 16.2% on the year before. Over five years, revenue changed +17.7% a year on average.
- MasTec made $399M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 13.6% a year.
- Free cash flow was $286M in fiscal 2025, 2.0% of revenue.
- MasTec returned $77.3M to shareholders in fiscal 2025, 27% of free cash flow. The diluted share count fell 0.2%.
- MasTec owes $1.9B more than it holds in cash, about 1.7 years of operating profit.
Market cap
$13.6B
P/E
27.5x
Revenue
$14.3B
Net income
$399M
Free cash flow
$286M
Operating margin
—
MasTec in 30 seconds · fiscal 2025
Are sales growing?
+16.2%
Yes. Sales grew 16.2% last year.
Does it make a profit?
2.8%
A little. It keeps 2.8% of every sale as profit.
Does profit turn into cash?
2.0%
Partly. 2.0% of sales ends up as free cash.
Is debt under control?
1.7x
Keep an eye on it. Repaying its debt would take 1.7 years of operating profit.
How healthy are the accounts?
7 / 8
Solid. It passes 7 of 8 health tests.
How is the share priced?
27.5x
One share costs 27.5 times its yearly profit per share. Typical for its sector: 26.0x.
What MasTec does
MasTec is a North American infrastructure engineering and construction company. It designs, builds, installs, maintains and upgrades communications networks, energy and utility systems and other infrastructure. That includes wireless and fiber networks, power lines, renewable power plants, data center and industrial projects, and pipelines. At the end of 2025 it had approximately 36,000 employees and 810 locations. MasTec earns its money by doing this work for customers under contracts, and it has five reportable segments: Communications; Clean Energy and Infrastructure; Power Delivery; Pipeline Infrastructure; and Other. The Other segment holds certain equity investees and small business units with activities in some international markets. In 2025 it moved a utility operations component from Communications to Power Delivery, which changed the segment figures but not its total results.
Biggest risks, in its own words
- Tariffs and trade actions that could raise costs or disrupt work.
- Misjudging the cost of work done under fixed price contracts, which can cut profit.
- Backlog that may be cancelled or adjusted and so may not turn into revenue or profit.
- Subcontractors and suppliers that may fail to meet their obligations.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 26, 2026
- Legal name
- MASTEC INC
- CIK
- 0000015615
MasTec · MTZ
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $8.0B | $9.8B | $12.0B | $12.3B | $14.3B |
| Revenue growth | 25.8% | 23.0% | 22.7% | 2.6% | 16.2% |
| Net income | $329M | $33.4M | −$49.9M | $163M | $399M |
| Net margin | 4.1% | 0.3% | −0.4% | 1.3% | 2.8% |
| Diluted EPS | $4.45 | $0.42 | −$0.64 | $2.06 | $5.07 |
| Cash | |||||
| Cash from operations | $793M | $352M | $687M | $1.1B | $546M |
| Capital expenditure | $170M | $263M | $193M | $149M | $260M |
| Free cash flow | $623M | $88.9M | $494M | $973M | $286M |
| FCF margin | 7.8% | 0.9% | 4.1% | 7.9% | 2.0% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $81.3M | $0.0M | $0.0M | $77.3M |
| Share count change | 0.3% | 3.0% | 1.8% | 1.7% | −0.2% |
| Debt and strength | |||||
| Cash and short-term investments | $361M | $371M | $530M | $400M | $396M |
| Debt incl. finance leases | $2.0B | $3.2B | $3.1B | $2.2B | $2.3B |
| Shareholders' equity | $2.5B | $2.7B | $2.7B | $2.9B | $3.3B |
| Net debt / EBITDA | 1.8x | 4.4x | 3.3x | 1.9x | 1.7x |
| Current ratio | 1.6x | 1.6x | 1.4x | 1.2x | 1.3x |
| Interest coverage | 8.0x | 1.4x | 0.7x | 2.3x | 3.9x |
| Returns and quality | |||||
| Return on capital | 10.7% | 2.4% | 2.3% | 7.0% | 11.2% |
| Return on equity | 14.5% | 1.3% | −1.8% | 5.8% | 12.9% |
| Piotroski F-score | 4 | 3 | 3 | 6 | 7 |
| Altman Z'' | 3.0 | 2.3 | 2.1 | 2.2 | 2.6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$6.3M
4 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
MasTec · MTZ
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| MasTec MTZ | $13.6B | 16.2% | — | 2.0% | 11.2% | 27.5x | 7 |
| Fluor FLR | $6.3B | −5.0% | −2.4% | −2.8% | −13.9% | — | 3 |
| AECOM ACM | $7.8B | 0.2% | 6.4% | 4.2% | 22.4% | 27.9x | 7 |
| Emcor EME | $29.7B | 16.6% | 10.1% | 7.0% | 60.7% | 20.7x | 6 |
| Jacobs Solutions J | $17.5B | 4.6% | 7.2% | 5.1% | 10.1% | 51.6x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $172.59 a share, the company is worth $13.6B: 27.5 times its earnings of the last four quarters.
MasTec grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 1 of 3.
Source: SEC EDGAR XBRL filings (CIK 0000015615). Data updated October 11, 2026. For information only — not investment advice. Check the original filings before relying on any figure.