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MasTec MTZ Q4 2024 Annual earnings

Reported February 27, 2025 · After market close

Revenue estimate$3.3B
EPS estimate$1.28

Next report

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

Financials

Q4 2024

Income statement

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Revenue$3.4B+3.8%
Gross profit$436.5M+18.7%
Net income$74.7M
EPS (diluted)$0.94

Balance sheet

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Cash & equivalents$399.9M-24.5%
Total debt$2.9B-23.7%
Total equity$2.9B+7.6%
Total assets$9.0B-4.2%

Cash flow

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Operating cash flow$471.7M-3.9%
CapEx$48.3M+35.8%
Free cash flow$423.4M-7.0%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$10.79B+82.9%
Enterprise value$13.32B+44.7%
P/E66.3×
P/S0.9×+0.4×

Profitability

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Gross margin13.2%+1.7pp
Net margin1.3%+1.1pp
FCF margin7.9%+3.8pp

Returns & leverage

See full
Return on equity5.8%+4.7pp
Debt / equity-0.4×
Current ratio1.2×-0.2×

Segments

By segment

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Clean Energy and Infrastructure$1.3B+17.8%
Power Delivery$995.8M-35.7%
Communications$739.4M
Pipeline Infrastructure$429.6M
Other-

By geography

See full
Foreign Operations$22.4M-16.1%

Versus estimates

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Questions, answered.

When did MasTec report Q4 2024 earnings?
MasTec (MTZ) reported Q4 2024 earnings on February 27, 2025 after market close.
What were MasTec's Q4 2024 revenue and EPS?
MasTec reported revenue of $3.4B and diluted EPS of $1.44 for Q4 2024.
Did MasTec beat estimates in Q4 2024?
Revenue beat the consensus estimate of $3.3B by $85.4M. EPS beat the consensus estimate of $1.28 by $0.16.
Where can I find MasTec's Q4 2024 SEC filings?
You can read the 10-K periodic report (0000015615-25-000021) directly on SEC EDGAR. The filing index links above go to sec.gov.