A Business at a Glance
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ITEM 1. BUSINESS We are a leading North American infrastructure engineering and construction company focused primarily on engineering, building, installation, maintenance and upgrade of communications, energy and utility and other infrastructure, such as: wireless, wireline/fiber; power delivery infrastructure, including transmission, distribution, grid hardening and modernization, environmental planning and compliance; power generation infrastructure, primarily from clean energy and renewable sources; pipeline infrastructure, including for natural gas, water and carbon capture sequestration pipelines and pipeline integrity services; heavy civil and industrial infrastructure, including roads, bridges and rail; and environmental remediation services. Our customers are primarily in these industries. Including our predecessor companies, we have been in business for over 95 years. As of December 31, 2025, we had approximately 36,000 employees and 810 locations.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 14.3B | 14.3B | 12.3B | 12.0B | 9.8B | 8.0B |
| Net Income | 399M | 399M | 163M | -50M | 33M | 329M |
| EPS | $5.07 | $5.07 | $2.06 | $-0.64 | $0.42 | $4.45 |
| Free Cash Flow | 286M | 286M | 973M | 494M | 89M | 623M |
| ROIC | 9.5% | 10.5% | 6.2% | -0.9% | 0.7% | 9.0% |
| Gross Margin | 12.8% | 12.8% | 13.3% | 10.2% | 11.3% | 14.6% |
| Debt/Equity | 0.86 | 0.86 | 0.90 | 1.29 | 1.28 | 0.90 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 665M | 665M | 408M | -83M | 43M | 428M |
| Operating Margin | 4.7% | 4.7% | 3.3% | -0.7% | 0.4% | 5.4% |
| ROE | 12.2% | 12.9% | 5.8% | -1.8% | 1.3% | 14.5% |
| Shares Outstanding | 79M | 79M | 79M | 78M | 79M | 74M |
MASTEC INC passes 2 of 9 quality checks, indicating weak fundamentals.
MASTEC INC trades at 72.1x trailing earnings, compared to its 15-year median P/E of 18.4x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 100.9x vs a median of 11.4x. The company's 5-year average ROIC is 5.1% with a gross margin of 12.4%. Total shareholder yield (buybacks) is 0.3%. At current prices, the estimated annualized return to fair value is +2.7%.
MASTEC INC (MTZ) has a current P/E ratio of 72.1, compared to its historical median P/E of 18.4. The stock is currently considered Expensive based on its historical valuation range.
MASTEC INC (MTZ) has a 5-year average return on invested capital (ROIC) of 5.1%. This is below average and may indicate limited pricing power.
MASTEC INC (MTZ) has a market capitalization of $28.8B. It is classified as a large-cap stock.
MASTEC INC (MTZ) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.27%.
Based on historical P/E analysis, MASTEC INC (MTZ) appears expensive. The current P/E of 72.1 is 293% above its historical median of 18.4. The estimated fair value CAGR (P/E method) is -14.5%.
MASTEC INC (MTZ) operates in the Water, Sewer, Pipeline, Comm & Power Line Construction industry, within the Industrials sector.
MASTEC INC (MTZ) reported annual revenue of $14.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
MASTEC INC (MTZ) has a net profit margin of 2.8%. This is a modest margin.
MASTEC INC (MTZ) generated $286 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MASTEC INC (MTZ) has a debt-to-equity ratio of 0.86. This indicates moderate leverage.
MASTEC INC (MTZ) reported earnings per share (EPS) of $5.07 in its most recent fiscal year.
MASTEC INC (MTZ) has a return on equity (ROE) of 12.9%. This indicates moderate shareholder returns.
MASTEC INC (MTZ) has a 5-year average gross margin of 12.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for MASTEC INC (MTZ), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MASTEC INC (MTZ) has a book value per share of $41.41, based on its most recent annual SEC filing.