MasTec
MasTec is a leading North American infrastructure engineering and construction company that specializes in the design, installation, and maintenance of critical communications, energy, and utility systems. The company provides integrated, solutions-based services to a diversified customer base, primarily through multi-year master service agreements. Its core value proposition lies in supporting the transition to low-carbon energy sources and the expansion of digital connectivity through large-scale infrastructure projects.
Financials
Based on Q1 2026 filing
Revenue
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Communications
primaryProvides engineering, construction, and maintenance for wireless and wireline/fiber networks, including data center buildouts and broadband deployment. This segment also handles customer fulfillment activities such as install-to-the-home services.
Wireless and wireline/fiber networks, Data center interconnection, Wireless integration and optimization, Install-to-the-home services, Small/micro cells, Distributed antenna systems
Telecommunications providers, Data center operators, Government agencies, Residential consumers
Clean Energy and Infrastructure
majorFocuses on the construction of power generation facilities from renewable sources and heavy civil infrastructure projects. It also provides environmental remediation and industrial services.
Wind power generation facilities, Solar power generation facilities, Biomass and hydrogen facilities, Battery storage systems, Roads, bridges, and rail infrastructure, Environmental remediation services
Utility companies, Energy developers, Government entities, Industrial corporations
Power Delivery
majorServes the energy and utility industries through the engineering and maintenance of electrical and gas transmission and distribution systems. This segment is critical for grid modernization and emergency restoration services.
Power transmission and distribution lines, Substations, Grid hardening and modernization, Emergency restoration services, Environmental planning and compliance
Electric and gas utilities, Data center infrastructure owners, Municipalities
Pipeline Infrastructure
moderatePerforms engineering and construction for pipelines carrying natural gas, water, and carbon capture sequestration. It also provides pipeline integrity and repair services to ensure safe long-term operation.
Natural gas pipelines, Water and wastewater networks, Carbon capture sequestration pipelines, Pipeline integrity and repair services
Energy companies, Utility providers, Water management authorities
Other
minorIncludes equity investees and small business units that provide specialized services in international end-markets.
International infrastructure services, Equity investment activities
International commercial clients, Strategic partners
Segment Financials
Communications — Other segment items
View metricCommunications — Segment EBITDA
View metricCommunications — Costs of revenue, excluding depreciation and amortization
View metricClean Energy and Infrastructure — Consolidated assets
View metricClean Energy and Infrastructure — Costs of revenue, excluding depreciation and amortization
View metricClean Energy and Infrastructure — Segment EBITDA
View metricPower Delivery — Consolidated assets
View metricPower Delivery — Segment EBITDA
View metricPower Delivery — Costs of revenue, excluding depreciation and amortization
View metricPipeline Infrastructure — Costs of revenue, excluding depreciation and amortization
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View metricBusiness Overview
Competitive Position
MasTec is one of the largest infrastructure contractors in North America, ranked among the top five by Engineering News-Record. It maintains a competitive advantage through its massive scale, 95-year history, and specialized expertise in high-growth areas like 5G and clean energy.
Geographies
North America, United States, International
Customer Segments
Fortune 500 telecommunications carriers, Public utilities, Government agencies, Renewable energy developers
Upstream Dependencies
Specialized labor and skilled trades, Construction equipment manufacturers, Raw materials (steel, copper, fiber optic cable), Engineering software providers
Downstream Customers
Wireless and wireline carriers, Electric and gas utility operators, Renewable energy project owners, Municipal and federal government agencies
Competitors & Partners
Competitors
Partners
AT&T
T
Major telecommunications customer and partner in fiber initiatives
Blackrock
BLK
Partner in the Gigapower fiber-optic platform joint venture
Gigapower LLC
Commercial fiber-optic platform joint venture between AT&T and BlackRock
MasTec FAQ
Common questions about MasTec
MasTec is a leading North American infrastructure engineering and construction company that specializes in the design, installation, and maintenance of critical communications, energy, and utility systems. The company provides integrated, solutions-based services to a diversified customer base, primarily through multi-year master service agreements. Its core value proposition lies in supporting the transition to low-carbon energy sources and the expansion of digital connectivity through large-scale infrastructure projects.
MasTec (MTZ) has a market capitalization of $30.2B and trades on NYSE.
MasTec generated $15.3B in trailing twelve-month revenue with net income of $450.0M, representing a net margin of 2.9%. Gross margin stands at 12.8%, with free cash flow of $256.7M. These figures are based on the Q1 2026 filing.
MasTec's key competitors include EMCOR Group, Quanta Services, Dycom Industries, and others. These companies compete in similar markets and product categories.
MasTec has approximately 34,000 employees.