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Stock research / United States / MTZ · Water, Sewer, Pipeline, Comm & Power Line Construction · NYSE

Mastec Inc. (MTZ)

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Mastec Inc. (MTZ) reported revenue of $4.4 billion for Q2 FY2026, the quarter ended 30 June 2026, up 23.4% on the same quarter a year earlier. Net income was $130 million, up 51.7% on the year, and diluted earnings per share $1.65. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$4.4 billionup 23.4%
Net income$130 millionup 51.7%
Diluted EPS$1.65
QuarterQ2 FY2026ended 30 June 2026

Mastec (MTZ) in brief

Mastec (MTZ) reported revenue of $14.3 billion for fiscal 2025, the year ended 31 December 2025, up 16.2% on the year before.
Read moreNet income was $399 million and diluted earnings per share $5.07. Revenue was $12.3 billion in fiscal 2024, $12.0 billion in fiscal 2023, $9.8 billion in fiscal 2022 and $8.0 billion in fiscal 2021. Net income in the same years was $163 million, a loss of $50 million, $33 million and $329 million. Over the twelve months to 30 June 2026, Mastec reported revenue of $16.1 billion and net income of $494 million. Revenue grew 17.7% a year, compounded, over the five years to fiscal 2025. Mastec had 80 million shares outstanding at the latest filed count. At 30 June 2026 it carried $2.6 billion of debt and $316 million of cash. At the close of 8 October 2026 the market cap of Mastec was $17.4 billion, 34.6 times its earnings over the last twelve months.

Ratios

From the filings

ROE14.2%
ROCEn/a
Operating marginn/a
Net margin3.1%
FCF margin1.5%
Interest covern/a
Debt to equity0.74
Cash conversion1.18
Share count, 1 year1.8%
Sales CAGR, 3 years13.5%
Profit CAGR, 3 years128.7%
EPS, TTM$6.27

At the close of 8 October 2026

Price$216.66
Market cap$17.4 billion
Stock P/E34.55
Price to book5.00
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales1.08
52-week high$437.51
52-week low$190.08
Price, 1 year-1.0%
Price CAGR, 3 years48.2%
Price CAGR, 5 years19.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on the one borrowings figure Mastec Inc. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.
MTZgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MTZ

Filings18 in twelve months: 10 current reports (8-K), about 4 results of operations; 4 regulation fd disclosure; 3 material agreement; 3 new financial obligation; 2 officer or director change
Planned insider sales5 Form 144 notices in twelve months, $6.3 million; latest 3 June 2026
Options tapeput/call 0.34 by open interest at the 8 October 2026 close; the straddle prices a 6.9% move to 16 October 2026
13F holders13 of the followed funds hold it; largest Lone Pine Capital; 2 Schedule 13D or 13G filings in twelve months
Insider trading5 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest5.4 million shares short, 4.09 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue3,2573,2802,6872,9613,2523,4032,8483,5453,9673,9403,8294,374
Cost of revenue2,8572,9122,3802,5402,7892,9672,5373,1093,4293,4313,3513,817
Gross profit400368307421463437311436538508478556
Gross margin12%11%11%14%14%13%11%12%14%13%12%13%
Operating incomen/an/an/an/an/an/a36.2158n/an/a142226
Operating marginn/an/an/an/an/an/a1%4%n/an/a4%5%
Interest expensen/an/an/an/an/an/a39.043.9n/an/a43.547.2
Pre-tax income22.90.0-45.563.113796.48.912121217491.5194
Tax rate33%-8407%n/a31%23%12%-38%25%21%12%24%25%
Net income14.30.8-41.234.095.274.79.985.816114360.8130
Net margin0%0%-2%1%3%2%0%2%4%4%2%3%
Diluted EPS$0.18$0.01-$0.53$0.43$1.21$0.95$0.13$1.09$2.04$1.81$0.77$1.65
Operating cash flow29449110826427847278.45.689.037398.921.5
Capital expenditure38.335.625.431.543.648.347.363.868.780.296.891.5
Free cash flow25645582.323323442331.1-58.220.32932.1-70.1
Buybacks0.00.00.00.00.00.026.850.50.00.00.00.0
Shares outstanding79m79m79m79m79m79m79m79m79m79m79m80m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue4,6124,2085,1356,6076,9097,1836,3217,9529,77811,99612,30314,29916,109
Cost of revenuen/an/an/a5,7455,9396,0705,2716,8068,58610,61410,67612,50614,029
Gross profitn/an/an/a8629701,1131,0501,1461,1921,3821,6271,7932,080
Gross marginn/an/an/a13.0%14.0%15.5%16.6%14.4%12.2%11.5%13.2%12.5%12.9%
Interest expense50.948.7n/an/an/an/an/an/an/an/an/an/an/a
Pre-tax income198-67.722637236551142543043.1-82.7251515671
Income tax76.412.091.822.910611710299.39.2-35.451.593.4136
Effective tax rate38.5%n/a40.6%6.2%29.0%22.9%24.1%23.1%21.3%n/a20.5%18.1%20.3%
Net income116-79.113134726039232332933.4-49.9163399494
Net margin2.5%-1.9%2.6%5.3%3.8%5.5%5.1%4.1%0.3%-0.4%1.3%2.8%3.1%
Diluted EPS$1.35-$0.98$1.61$4.22$3.26$5.17$4.38$4.45$0.42-$0.64$2.06$5.07$6.27
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Clean Energy and Infrastructure3,9624,0924,70032.7%
Power Delivery3,6253,6134,17629.1%
Communications2,3662,5243,33923.3%
Pipeline Infrastructure2,0732,1342,13814.9%
Other0.00.00.00.0%
Clean Energy and InfrastructurePower DeliveryCommunicationsPipeline InfrastructureOther
12.0FY202312.4FY202414.4FY2025

$ billion; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow3233672061445305509377933526871,122546582
Capital expenditure10984.4117123180126214170263193149260337
Free cash flow21428388.520.735042472462388.9494973286245
Free cash flow margin4.6%6.7%1.7%0.3%5.1%5.9%11.4%7.8%0.9%4.1%7.9%2.0%1.5%
Cash from investing-439-129-141-273-182-262-217-1,357-821-178-157-267-606
Cash from financing119-259-29.5130-361-245-370502481-351-1,090-283149
Depreciation and amortisation154170165188213235298423507603507427461
Share-based compensation15.912.415.115.713.516.421.924.827.433.332.734.037.4
Buybacks0.01000.01.63145.71200.081.30.00.077.30.0
Diluted shares, weighted86m80m81m82m80m76m74m74m76m78m79m79m79m
Shares outstanding at period end85mn/an/an/an/an/an/an/an/an/an/an/a80m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,1449401,0971,4311,3901,7872,0022,5402,7372,7062,9123,2593,477
Non-controlling interest4.43.87.12.62.14.53.64.13.915.175.575.2123
Debt1,0619339611,2811,3241,3141,1581,8763,0522,8882,0382,1762,574
Operating lease liabilitiesn/an/an/an/a0.0155117176194293261293314
Finance lease liabilitiesn/an/an/an/an/a190156157231198160212248
Other liabilities1,3421,0511,1181,3531,7241,5471,7922,3683,0753,2743,5283,9084,189
Total liabilities and equity3,5512,9273,1834,0674,4404,9975,2287,1219,2939,3748,9759,92410,925
Owned
Fixed assets623559549707748906982n/an/an/an/an/an/a
Goodwill1,0829899961,1381,1001,2211,2431,5212,0452,1262,2032,2492,360
Intangible assets250199180191169212184670946784727656730
Cash and equivalents24.15.038.840.327.471.4423361371530400396316
Receivables1,3049111,1561,5986718507841,0191,4001,3701,3811,5401,744
Inventory11390.611177.011410089.692.6118108107112114
Other assets1541741533161,6101,6361,5213,4584,4144,4554,1564,9705,663
Total assets3,5512,9273,1834,0674,4404,9975,2287,1219,2939,3748,9759,92410,925
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded13.0%17.7%13.5%23.5%
Profit growth, compoundedn/a4.3%128.7%86.1%
Return on equity, average12.3%6.0%5.3%12.2%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Construction

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
D.R. Horton, Inc. DHI$38.1 billion12.9212.8%n/a-3.5%0.301.3%
Emcor Group, Inc. EME$34.4 billion24.2135.3%10.4%18.9%0.000.2%
PulteGroup Inc. PHM$21.3 billion11.6014.6%n/a-7.3%0.140.8%
Lennar Corp. LEN$18.4 billion14.676.1%5.4%-8.0%0.270.3%
Mastec Inc. MTZ$17.4 billion34.5514.2%n/a23.5%0.74n/a
Jacobs Solutions Inc. J$16.2 billion49.3210.4%4.6%20.1%1.101.0%
NVR Inc. NVR$16.0 billion15.5733.7%n/a-9.9%0.27n/a
Sterling Infrastructure, Inc. STRL$15.9 billion37.3831.8%17.5%60.8%0.20n/a
Toll Brothers, Inc. TOL$12.4 billion10.8214.0%13.8%-1.1%0.320.7%
Dycom Industries Inc. DY$8.4 billion25.2216.0%7.8%37.8%1.35n/a
Fluor Corp. FLR$6.9 billionn/a-74.3%-1.4%-4.8%0.4031.9%
IES Holdings, Inc. IESC$6.0 billion13.3537.1%12.4%22.7%0.00n/a
All 16 in Construction
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Quanta Services, Inc. PWR$103.0 billion78.5013.8%6.2%26.3%0.560.1%
Comfort Systems USA Inc. FIX$60.1 billion41.9744.6%16.5%46.1%0.020.1%
D.R. Horton, Inc. DHI$38.1 billion12.9212.8%n/a-3.5%0.301.3%
Emcor Group, Inc. EME$34.4 billion24.2135.3%10.4%18.9%0.000.2%
PulteGroup Inc. PHM$21.3 billion11.6014.6%n/a-7.3%0.140.8%
Lennar Corp. LEN$18.4 billion14.676.1%5.4%-8.0%0.270.3%
Mastec Inc. MTZ$17.4 billion34.5514.2%n/a23.5%0.74n/a
Jacobs Solutions Inc. J$16.2 billion49.3210.4%4.6%20.1%1.101.0%
NVR Inc. NVR$16.0 billion15.5733.7%n/a-9.9%0.27n/a
Sterling Infrastructure, Inc. STRL$15.9 billion37.3831.8%17.5%60.8%0.20n/a
Toll Brothers, Inc. TOL$12.4 billion10.8214.0%13.8%-1.1%0.320.7%
Dycom Industries Inc. DY$8.4 billion25.2216.0%7.8%37.8%1.35n/a
Fluor Corp. FLR$6.9 billionn/a-74.3%-1.4%-4.8%0.4031.9%
IES Holdings, Inc. IESC$6.0 billion13.3537.1%12.4%22.7%0.00n/a
Kbr, Inc. KBR$4.4 billion10.6025.9%9.6%-4.3%1.561.9%
KB Home KBH$2.7 billion10.807.2%n/a-17.5%0.522.3%
1 company shares its SEC industry code (Water, Sewer, Pipeline, Comm & Power Line Construction); the rest are the names nearest in size in its wider industry, Construction, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR

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