Mastec IncMastec Inc
Mastec Inc

Mastec Inc

MTZ
Industrials·Construction & Engineering

MasTec, Inc. engages in the provision of infrastructure construction services. It operates through the following segments: Communications, Oil and Gas, Clean Energy and Infrastructure, and Other. The Communications segment performs engineering, construction, maintenance, and customer fulfillment activities related to communications infrastructure, primarily for wireless and wireline/fiber communications, and install-to-the-home customers. The Oil and Gas segment offers services on oil and natural gas pipelines and processing facilities for the energy and utilities industries. The Clean Energy and Infrastructure segment serves energy, utility and other end-markets through the installation and construction of power generation facilities, including clean energy and renewable sources such as wind, solar and biomass, as well as various types of heavy civil and industrial infrastructure. The Other segment consists of equity investors, other small business units that perform construction, and other services for a variety of international end-markets. The company was founded by Jorge Mas Canosa in 1994 and is headquartered in Coral Gables, FL.

Florida; U.S.A
Market cap
$17.4BNo data
Revenue
$14.3B+16.2% YoY
Net income
$399M+145.1% YoY
Free cash flow
$285.7M−70.6% YoY

Market

Listed stock
Tokenized stocks
MTZPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$14.3B+16.2% YoY
Operating income
$447.1M+116.1% YoY
Net income
$399M+145.1% YoY
Free cash flow
$285.7M−70.6% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $8B, 2022 $9.8B, 2023 $12B, 2024 $12.3B, 2025 $14.3B. Operating income: 2021 $306.5M, 2022 $-103.2M, 2023 $-204.6M, 2024 $207M, 2025 $447.1M. Net income: 2021 $328.8M, 2022 $33.4M, 2023 $-49.9M, 2024 $162.8M, 2025 $399M. Free cash flow: 2021 $623M, 2022 $88.9M, 2023 $494.3M, 2024 $972.8M, 2025 $285.7M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
16.2%+1366 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $306.5M, 2022-12-31 $-103.2M, 2023-12-31 $-204.6M, 2024-12-31 $207M, 2025-12-31 $447.1M. Net income: 2021-12-31 $328.8M, 2022-12-31 $33.4M, 2023-12-31 $-49.9M, 2024-12-31 $162.8M, 2025-12-31 $399M. Free cash flow: 2021-12-31 $623M, 2022-12-31 $88.9M, 2023-12-31 $494.3M, 2024-12-31 $972.8M, 2025-12-31 $285.7M

Growth heatmap

2022202320242025CAGR
Revenue
+23.0%
+22.7%
+2.6%
+16.2%
+15.8%
Gross profit
-5.3%
+13.8%
+43.9%
+21.8%
+17.2%
Operating income
-133.7%
-98.3%
+201.2%
+116.1%
+9.9%
Free cash flow
-85.7%
+455.8%
+96.8%
-70.6%
-17.7%

Earnings quality

Operating cash flow
$545.7M−51.3% YoY
Net income
$399M+145.1% YoY
Free cash flow
$285.7M−70.6% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 137%, 2024-12-31 689%, 2023-12-31 -1376%, 2022-12-31 1056%, 2021-12-31 241%. Free cash flow: 2025-12-31 72%, 2024-12-31 598%, 2023-12-31 -990%, 2022-12-31 267%, 2021-12-31 189%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
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Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
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No data
Free cash flow yield
No data
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