MasTec (MTZ)

NYSE Industrials Construction & Engineering S&P MidCap 400

$174.10

+15.16 (+9.54%)

Close of Nov 06, 2026 · end-of-day data

Source: MasTec's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$5.13B	$6.61B	$6.91B	$7.18B	$6.32B	$7.95B	$9.78B	$12.00B	$12.30B	$14.30B
Cost of revenue	—	$5.75B	$5.94B	$6.07B	$5.27B	$6.81B	$8.59B	$10.61B	$10.68B	$12.51B
Gross profit	—	$861.67M	$970.11M	$1.11B	$1.05B	$1.15B	$1.19B	$1.38B	$1.63B	$1.79B
Pre-tax income	$225.82M	$371.83M	$365.30M	$510.94M	$425.16M	$430.07M	$43.06M	-$82.70M	$250.96M	$515.40M
Income tax	$91.78M	$22.94M	$106.07M	$116.84M	$102.47M	$99.35M	$9.17M	-$35.41M	$51.54M	$93.38M
Net income	$131.26M	$347.21M	$259.66M	$392.33M	$322.85M	$328.83M	$33.35M	-$49.95M	$162.79M	$399.04M
EPS (basic)	$1.63	$4.29	$3.30	$5.22	$4.43	$4.54	$0.45	$-0.64	$2.09	$5.12
EPS (diluted)	$1.61	$4.22	$3.26	$5.17	$4.38	$4.45	$0.42	$-0.64	$2.06	$5.07
Diluted shares	81.39M	82.33M	79.77M	75.85M	73.72M	73.94M	76.19M	77.53M	78.88M	78.69M
Gross margin	—	13.0%	14.0%	15.5%	16.6%	14.4%	12.2%	11.5%	13.2%	12.5%
Net margin	2.6%	5.3%	3.8%	5.5%	5.1%	4.1%	0.3%	-0.4%	1.3%	2.8%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$38.77M	$40.33M	$27.42M	$71.43M	$423.12M	$360.74M	$370.59M	$529.56M	$399.90M	$396.03M
Receivables	$1.16B	$1.60B	$671.32M	$850.33M	$784.49M	$1.02B	$1.40B	$1.37B	$1.38B	$1.54B
Inventory	$111.03M	$76.99M	$113.71M	$100.07M	$89.64M	$92.59M	$117.97M	$108.15M	$107.34M	$112.47M
Total current assets	$1.40B	$1.85B	$2.17B	$2.17B	$2.36B	$2.87B	$3.86B	$3.97B	$3.65B	$4.33B
Goodwill	$995.90M	$1.14B	$1.10B	$1.22B	$1.24B	$1.52B	$2.04B	$2.13B	$2.20B	$2.25B
Total assets	$3.18B	$4.07B	$4.44B	$5.00B	$5.23B	$7.12B	$9.29B	$9.37B	$8.98B	$9.92B
Total current liabilities	$839.99M	$963.83M	$1.28B	$1.22B	$1.42B	$1.78B	$2.50B	$2.84B	$3.00B	$3.27B
Short-term debt	$64.60M	$87.87M	$82.66M	$118.43M	$145.11M	$137.91M	$171.92M	$177.25M	$186.09M	$154.31M
Long-term debt	$961.38M	$1.28B	$1.32B	$1.31B	$1.16B	$1.88B	$3.05B	$2.89B	$2.04B	$2.18B
Total debt	$1.03B	$1.37B	$1.41B	$1.43B	$1.30B	$2.01B	$3.22B	$3.07B	$2.22B	$2.33B
Total liabilities	$2.08B	$2.63B	$3.05B	$3.21B	$3.22B	$4.58B	$6.55B	$6.65B	$5.99B	$6.59B
Shareholders' equity	$1.10B	$1.43B	$1.39B	$1.79B	$2.00B	$2.54B	$2.74B	$2.71B	$2.91B	$3.26B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$205.59M	$144.10M	$529.96M	$550.28M	$937.25M	$793.07M	$352.30M	$687.28M	$1.12B	$545.71M
Capital expenditures	$117.11M	$123.41M	$180.42M	$126.47M	$213.75M	$170.07M	$263.35M	$192.94M	$148.85M	$259.99M
Free cash flow	$88.48M	$20.68M	$349.54M	$423.81M	$723.51M	$623.01M	$88.94M	$494.34M	$972.77M	$285.73M
Investing cash flow	-$141.02M	-$272.75M	-$181.80M	-$261.82M	-$216.60M	-$1.36B	-$821.18M	-$178.06M	-$157.49M	-$267.25M
Financing cash flow	-$29.49M	$130.32M	-$361.09M	-$244.63M	-$369.89M	$501.94M	$480.90M	-$351.00M	-$1.09B	-$283.44M
Share buybacks	$0	$1.55M	$313.95M	$5.65M	$120.23M	$0	$81.29M	$0	$0	$77.33M
Stock-based compensation	$15.07M	$15.66M	$13.53M	$16.45M	$21.88M	$24.80M	$27.45M	$33.34M	$32.67M	$34.00M
Depreciation & amortization	$164.91M	$188.05M	$212.90M	$235.50M	$297.80M	$422.80M	$507.10M	$603.20M	$506.60M	$427.10M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$3.28B	$2.69B	$2.96B	$3.25B	$3.40B	$2.85B	$3.54B	$3.97B	$3.94B	$3.83B	$4.37B	$5.15B
Cost of revenue	$2.91B	$2.38B	$2.54B	$2.79B	$2.97B	$2.54B	$3.11B	$3.43B	$3.43B	$3.35B	$3.82B	$4.49B
Gross profit	$367.71M	$307.18M	$420.64M	$463.15M	$436.51M	$311.10M	$435.54M	$537.75M	$508.34M	$477.90M	$556.28M	$660.86M
Operating income	—	—	—	—	—	$36.19M	$158.10M	$249.61M	—	$141.80M	$226.20M	$275.45M
Interest expense	—	—	—	—	—	$39.04M	$43.85M	$45.44M	—	$43.46M	$47.17M	$61.80M
Pre-tax income	$14.00K	-$45.54M	$63.11M	$136.96M	$96.43M	$8.94M	$120.79M	$211.62M	$174.04M	$91.45M	$193.73M	$220.16M
Income tax	-$1.18M	-$11.08M	$19.34M	$31.55M	$11.73M	-$3.38M	$30.66M	$45.12M	$20.98M	$21.79M	$47.99M	$52.44M
Net income	$753.00K	-$41.18M	$33.99M	$95.24M	$74.74M	$9.90M	$85.77M	$160.66M	$142.71M	$60.84M	$130.12M	$150.57M
EBITDA	—	—	—	—	—	$145.09M	$260.70M	$354.21M	—	$263.70M	$349.80M	$444.55M
EPS (basic)	$0.01	$-0.53	$0.44	$1.22	$0.96	$0.13	$1.10	$2.07	$1.83	$0.78	$1.67	$1.90
EPS (diluted)	$0.01	$-0.53	$0.43	$1.21	$0.94	$0.13	$1.09	$2.04	$1.81	$0.77	$1.65	$1.89
Diluted shares	117.00K	77.94M	78.86M	78.91M	79.00K	79.05M	78.52M	78.65M	22.00K	78.78M	78.87M	79.82M
Gross margin	11.2%	11.4%	14.2%	14.2%	12.8%	10.9%	12.3%	13.6%	12.9%	12.5%	12.7%	12.8%
Operating margin	—	—	—	—	—	1.3%	4.5%	6.3%	—	3.7%	5.2%	5.3%
Net margin	0.0%	-1.5%	1.1%	2.9%	2.2%	0.3%	2.4%	4.0%	3.6%	1.6%	3.0%	2.9%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$529.56M	$249.33M	$297.59M	$181.22M	$399.90M	$345.75M	$191.05M	$231.42M	$396.03M	$273.67M	$315.64M	$481.82M
Receivables	$1.37B	$1.31B	$1.34B	$1.45B	$1.38B	$1.35B	$1.42B	$1.69B	$1.54B	$1.59B	$1.74B	$2.54B
Inventory	$108.15M	$112.32M	$107.88M	$101.16M	$107.34M	$114.50M	$108.53M	$111.87M	$112.47M	$117.23M	$113.60M	$110.53M
Total current assets	$3.97B	$3.45B	$3.48B	$3.57B	$3.65B	$3.55B	$3.75B	$4.31B	$4.33B	$4.52B	$4.94B	$6.20B
Goodwill	$2.13B	$2.13B	$2.13B	$2.14B	$2.20B	$2.20B	$2.21B	$2.21B	$2.25B	$2.35B	$2.36B	$3.04B
Total assets	$9.37B	$8.75B	$8.68B	$8.76B	$8.98B	$8.86B	$9.13B	$9.69B	$9.92B	$10.44B	$10.93B	$14.14B
Total current liabilities	$2.84B	$2.63B	$2.75B	$2.89B	$3.00B	$2.91B	$3.07B	$3.24B	$3.27B	$3.43B	$3.53B	$4.47B
Short-term debt	$177.25M	$180.64M	$201.46M	$185.09M	$186.09M	$192.11M	$160.66M	$157.43M	$154.31M	$156.01M	$166.40M	$180.70M
Long-term debt	$2.89B	$2.54B	$2.36B	$2.14B	$2.04B	$2.04B	$2.10B	$2.20B	$2.18B	$2.38B	$2.57B	$3.99B
Total debt	$3.07B	$2.72B	$2.56B	$2.32B	$2.22B	$2.23B	$2.26B	$2.36B	$2.33B	$2.53B	$2.74B	$4.17B
Total liabilities	$6.65B	$6.06B	$5.94B	$5.93B	$5.99B	$5.91B	$6.12B	$6.51B	$6.59B	$7.01B	$7.33B	$9.94B
Shareholders' equity	$2.71B	$2.67B	$2.71B	$2.81B	$2.91B	$2.88B	$2.95B	$3.11B	$3.26B	$3.31B	$3.48B	$4.05B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$490.70M	$107.75M	$264.45M	$277.73M	$471.70M	$78.36M	$5.65M	$88.97M	$372.74M	$98.85M	$21.47M	$267.45M
Capital expenditures	$35.57M	$25.41M	$31.50M	$43.60M	$48.32M	$47.26M	$63.80M	$68.70M	$80.22M	$96.77M	$91.54M	$87.34M
Free cash flow	$455.13M	$82.34M	$232.95M	$234.13M	$423.38M	$31.10M	-$58.15M	$20.27M	$292.52M	$2.09M	-$70.08M	$180.11M
Investing cash flow	-$6.38M	-$13.03M	-$11.44M	-$56.33M	-$76.69M	-$34.91M	-$51.75M	-$68.67M	-$111.92M	-$336.00M	-$89.91M	-$1.43B
Financing cash flow	-$169.41M	-$374.82M	-$204.26M	-$337.44M	-$173.72M	-$97.69M	-$109.58M	$20.23M	-$96.40M	$114.85M	$110.47M	$1.33B
Share buybacks	$0	$0	$0	$0	$0	$26.84M	$50.48M	$0	$0	$0	$0	$0
Stock-based compensation	$9.00M	$9.67M	$7.03M	$7.35M	$8.63M	$6.94M	$9.37M	$9.31M	$8.37M	$8.25M	$11.50M	$11.30M
Depreciation & amortization	$151.60M	$141.10M	$135.80M	$114.60M	$115.20M	$108.90M	$102.60M	$104.60M	$111.10M	$121.90M	$123.60M	$169.10M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.