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MasTec MTZ Q3 2025 earnings

Reported October 30, 2025 · After market close

Revenue$4.0BBeat by $54.7M
EPS$2.48Beat by $0.16
Revenue estimate$3.9B
EPS estimate$2.32

Next report

Oct 29, 2026 (in 2 months)
Revenue estimate$4.9B
EPS estimate$2.96

Financials

Q3 2025

Income statement

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Revenue$4.0B+22.0%
Gross profit$537.7M+16.1%
Net income$160.7M+68.7%
EPS (diluted)$2.04+68.6%

Balance sheet

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Cash & equivalents$231.4M+27.7%
Total debt$3.1B+3.0%
Total equity$3.1B+10.8%
Total assets$9.7B+10.6%

Cash flow

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Operating cash flow$89.0M-68.0%
CapEx$68.7M+57.6%
Free cash flow$20.3M-91.3%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$16.79B+74.8%
Enterprise value$19.67B+58.0%
P/E50.7×-58.4×
P/S1.2×+0.4×

Profitability

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Gross margin12.5%-0.3pp
Net margin2.4%+1.7pp
FCF margin3%-5.2pp

Returns & leverage

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Return on equity11.2%+8.0pp
Debt / equity1×-0.1×
Current ratio1.3×+0.1×

Segments

By segment

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Clean Energy and Infrastructure$1.4B+19.8%
Power Delivery$1.1B+16.8%
Communications$914.6M+32.9%
Pipeline Infrastructure$597.8M—
Other-—

By geography

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Foreign Operations$39.0M+95.0%

FAQ

When did MasTec report Q3 2025 earnings?
MasTec (MTZ) reported Q3 2025 earnings on October 30, 2025 after market close.
What were MasTec's Q3 2025 revenue and EPS?
MasTec reported revenue of $4.0B and eps of $2.48 for Q3 2025.
Did MasTec beat estimates in Q3 2025?
Revenue beat the consensus estimate of $3.9B by $54.7M. EPS beat the consensus estimate of $2.32 by $0.16.
How did MasTec's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 22.0% from $3.3B a year earlier and eps grew 52.1% from $1.63.
Where can I find MasTec's Q3 2025 SEC filings?
You can read the 8-K earnings release (0000015615-25-000130) and the 10-Q periodic report (0000015615-25-000128) directly on SEC EDGAR. The filing index links above go to sec.gov.