Jacobs Solutions vs MasTec
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The short version
- MasTec is the larger business, with $14.3B of revenue in fiscal 2025 against $12.0B for Jacobs Solutions.
- MasTec grew revenue faster (16.2%, against 4.6%).
- Jacobs Solutions turned more of its sales into free cash flow (5.1% FCF margin, against 2.0%).
- MasTec earned a higher return on the capital invested in it (11.2%, against 10.1%).
- Investors pay more for each dollar of Jacobs Solutions’s earnings: a P/E of 50.9x against 27.3x for MasTec.
| Latest fiscal year | J · FY25 | MTZ · FY25 |
|---|---|---|
| Size | ||
| Market cap | $17.2B | $13.5B |
| Revenue | $12.0B | $14.3B |
| Free cash flow | $607M | $286M |
| Net income | $289M | $399M |
| Growth | ||
| Revenue growth | 4.6% | 16.2% |
| 5-year growth | −2.4% | 17.7% |
| Share count change | −3.1% | −0.2% |
| Profitability | ||
| Gross margin | 24.8% | — |
| Operating margin | 7.2% | — |
| Net margin | 2.4% | 2.8% |
| FCF margin | 5.1% | 2.0% |
| Return on capital | 10.1% | 11.2% |
| Return on equity | 7.1% | 12.9% |
| Balance sheet | ||
| Net debt | $1.0B | $1.9B |
| Net debt / EBITDA | 1.1x | 1.7x |
| Dividends and buybacks | $907M | $77.3M |
| Valuation & quality | ||
| P/E | 50.9x | 27.3x |
| Piotroski F-score | 7 | 7 |
Revenue
FY16
J $11.0B
MTZ $5.1B
FY17
J $10.0B
MTZ $6.6B
FY18
J $15.0B
MTZ $6.9B
FY19
J $12.7B
MTZ $7.2B
FY20
J $13.6B
MTZ $6.3B
FY21
J $14.1B
MTZ $8.0B
FY22
J $9.8B
MTZ $9.8B
FY23
J $10.9B
MTZ $12.0B
FY24
J $11.5B
MTZ $12.3B
FY25
J $12.0B
MTZ $14.3B
J
MTZ
Operating margin
FY16
J 3.1%
MTZ —
FY17
J 2.4%
MTZ —
FY18
J 2.6%
MTZ —
FY19
J 3.2%
MTZ —
FY20
J 4.0%
MTZ —
FY21
J 4.9%
MTZ —
FY22
J 5.5%
MTZ —
FY23
J 6.2%
MTZ —
FY24
J 6.0%
MTZ —
FY25
J 7.2%
MTZ —
J
MTZ
Free cash flow
FY16
J $612M
MTZ $88.5M
FY17
J $457M
MTZ $20.7M
FY18
J $386M
MTZ $350M
FY19
J −$502M
MTZ $424M
FY20
J $689M
MTZ $724M
FY21
J $633M
MTZ $623M
FY22
J $347M
MTZ $88.9M
FY23
J $837M
MTZ $494M
FY24
J $934M
MTZ $973M
FY25
J $607M
MTZ $286M
J
MTZ
Return on capital
FY16
J 5.9%
MTZ 8.0%
FY17
J 4.2%
MTZ 16.7%
FY18
J 3.4%
MTZ 11.5%
FY19
J 5.3%
MTZ 15.5%
FY20
J 7.2%
MTZ 12.3%
FY21
J 5.7%
MTZ 10.7%
FY22
J 5.7%
MTZ 2.4%
FY23
J 6.4%
MTZ 2.3%
FY24
J 8.0%
MTZ 7.0%
FY25
J 10.1%
MTZ 11.2%
J
MTZ
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.