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MasTec

MTZ

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.

Market cap
$30.26B+123%
Revenue$15.3B+22.6%
Net income$450.0M+110%
Free cash flow$256.7M-72.1%
EPS (diluted)$5.71+111%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$4.3B
EPS estimate$2.19

Financials

Q1 2026

Income statement

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Revenue$3.8B+34.5%
Gross profit$477.9M+53.6%
Operating income$141.8M+292%
Net income$60.8M+514%
EPS (diluted)$0.77+492%

Balance sheet

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Cash & equivalents$273.7M-20.8%
Total debt$3.4B+14.8%
Total equity$3.3B+14.7%
Total assets$10.4B+17.8%

Cash flow

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Operating cash flow$98.9M+26.1%
CapEx$96.8M+105%
Free cash flow$2.1M-93.3%

Valuation & ratios

Valuation

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Market cap$30.26B+123%
Enterprise value$33.37B+104%
P/E67.2×+16.2×
P/S+0.9×

Profitability

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Gross margin12.8%-0.3pp
Net margin2.9%+1.2pp
FCF margin1.7%-5.7pp

Returns & leverage

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Return on equity14.5%+6.8pp
Debt / equity0.0×
Current ratio1.3×+0.1×

Segments

By segment

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Clean Energy and Infrastructure$1.3B+45.2%
Power Delivery$1.0B+16.3%
Communications$802.1M+17.8%
Pipeline Infrastructure$682.5M+91.4%
Other-

By geography

See full
Foreign Operations$54.0M+8.4%

Competitors

Profile

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.

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.

GeographiesNorth America, United States, International
Customer segmentsFortune 500 telecommunications carriers, Public utilities, Government agencies, Renewable energy developers
Business modelLabor-based construction services, Master service agreements, Project-based contracting
SuppliersSpecialized labor and skilled trades, Construction equipment manufacturers, Raw materials (steel, copper, fiber optic cable), Engineering software providers
CustomersWireless and wireline carriers, Electric and gas utility operators, Renewable energy project owners, Municipal and federal government agencies
Listed1972
Employees34.0K
CEOJose Ramon Mas
Websitemastec.com
FilingsSEC EDGAR

Questions, answered.

What is MasTec's market cap?
MasTec (MTZ) has a market capitalization of $30.3B and trades on NYSE.
What is MasTec's revenue and profitability?
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.
Who are MasTec's competitors?
MasTec's key competitors include EMCOR Group, Quanta Services, Dycom Industries, and others. These companies compete in similar markets and product categories.
Who does MasTec partner with?
MasTec's notable partners include AT&T, BlackRock, Gigapower LLC.
Where is MasTec headquartered?
MasTec is headquartered in United States of America and employs approximately 34,000 people. It has been publicly traded since 1972.