What is MasTec's contract assets?

MasTec (MTZ) reported contract assets of $2.28B in Q1 2026.

How has MasTec's contract assets changed year-over-year?

MasTec's contract assets increased by 50.1% year-over-year, from $1.52B to $2.28B.

What is the long-term trend for MasTec's contract assets?

Over 5 years (2020 to 2025), MasTec's contract assets has grown at a 15.6% compound annual growth rate (CAGR), from $969.74M to $2B.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

MasTec MTZ Contract Assets

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$377.33M+14.6%

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VAT

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$54.5M-59.7%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$98.9M+26.1%

CapEx$96.8M+105%

Free cash flow$2.1M-93.3%

Valuation

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Market cap$32.88B+144%

Enterprise value$35.99B+121%

P/E73.1×+22.4×

P/S2.2×+1.1×

Profitability

See full

Gross margin12.8%-0.3pp

Net margin2.9%+1.2pp

FCF margin1.7%-5.7pp

Returns & leverage

See full

Return on equity14.5%+6.8pp

Debt / equity1×0.0×

Current ratio1.3×+0.1×

Where this comes from

Reported directly by MasTec in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: MasTec’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MasTec's contract assets?: MasTec (MTZ) reported contract assets of $2.28B in Q1 2026.
How has MasTec's contract assets changed year-over-year?: MasTec's contract assets increased by 50.1% year-over-year, from $1.52B to $2.28B.
What is the long-term trend for MasTec's contract assets?: Over 5 years (2020 to 2025), MasTec's contract assets has grown at a 15.6% compound annual growth rate (CAGR), from $969.74M to $2B.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.