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MasTec MTZ Employee Group Medical Claims — Self-insurance reserve

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Other financials

Income statement

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Revenue$4.4B+23.4%
Gross profit$556.3M+27.7%
Operating income$226.2M
Net income$130.1M+51.7%
EPS (diluted)$1.65+51.4%

Balance sheet

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Cash & equivalents$273.7M-20.8%
Total debt$2.7B-8.8%
Total equity$3.6B+22.2%
Total assets$10.9B+19.6%

Cash flow

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Operating cash flow$21.5M+280%
CapEx$91.5M+43.5%
Free cash flow-$49.7M+14.6%

Valuation

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Market cap$21.42B+48.3%
P/E43.3×-11.1×
P/S1.3×+0.2×

Profitability

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Gross margin12.9%+0.3pp
Net margin3.1%+1.0pp
FCF margin1.6%-3.2pp

Returns & leverage

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Return on equity15.1%+5.7pp
Debt / equity0.8×-0.3×
Current ratio1.4×+0.2×

Where this comes from

Reported directly by MasTec in its filing.

Tagged under the XBRL concept us-gaap:SelfInsuranceReserve.

The source filing: MasTec’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:29 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000015615-26-000050

MasTec also maintains an insurance policy with respect to employee group medical claims, which is subject to annual per employee maximum losses. MasTec’s estimated liability for employee group medical claims totaled $7.5 million and $2.3 million as of March 31, 2026 and December 31, 2025, respectively.

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is MasTec's employee group medical claims — self-insurance reserve?
MasTec (MTZ) reported employee group medical claims — self-insurance reserve of $7.5M in Q1 2026.
How has MasTec's employee group medical claims — self-insurance reserve changed year-over-year?
MasTec's employee group medical claims — self-insurance reserve increased by 47.1% year-over-year, from $5.1M to $7.5M.
What is the long-term trend for MasTec's employee group medical claims — self-insurance reserve?
Over 4 years (2021 to 2025), MasTec's employee group medical claims — self-insurance reserve has grown at a -8.2% compound annual growth rate (CAGR), from $19.3M to $13.7M.
What does employee group medical claims — self-insurance reserve mean?
This metric represents the estimated liability for unpaid employee medical claims under a self-insured health plan. It reflects the company's actuarial assessment of incurred but not reported (IBNR) claims and pending claims that must be settled using corporate assets. This reserve is a critical component of managing human capital costs and reflects the company's financial exposure to workforce health outcomes.

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