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MasTec MTZ General Liability Policy — Per claim deductible, insurance policies

Other product segments

Automobile Liability
$25M+150%
Workers' Compensation Policy
$2M0.0%

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$5M0.0%
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CRLDeductible amount under insurance policies
$500K
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CRLDeductible amount under insurance policies
$500K
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HCCSelf Insurance Reserve Deductible Amount Per Claim
$2M+100%

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:MalpracticeInsuranceDeductible1.

The source filing: MasTec’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 4:38 PM EST
Fiscal year
FY2025
Accession
0000015615-26-000020

The Company is self-insured up to the amount of its deductible for its insurance policies. MasTec maintains insurance policies subject to per claim deductibles of $2.0 million for its workers’ compensation policy and $25.0 million for each of its general liability and automobile liability policies. In addition, the Company also maintains excess umbrella coverage. The Company manages certain of its insurance liabilities indirectly through its wholly-owned captive insurance company, which reimburses claims up to the applicable insurance limits. Cash balances held by the Company’s captive insurance company are generally not available for use in the Company’s other operations.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is MasTec's general liability policy — per claim deductible, insurance policies?
MasTec (MTZ) reported general liability policy — per claim deductible, insurance policies of $6.25M in Q4 2025.
How has MasTec's general liability policy — per claim deductible, insurance policies changed year-over-year?
MasTec's general liability policy — per claim deductible, insurance policies increased by 150.0% year-over-year, from $2.5M to $6.25M.
What is the long-term trend for MasTec's general liability policy — per claim deductible, insurance policies?
Over 4 years (2021 to 2025), MasTec's general liability policy — per claim deductible, insurance policies has grown at a 49.5% compound annual growth rate (CAGR), from $5M to $25M.
What does general liability policy — per claim deductible, insurance policies mean?
This metric represents the self-insured retention or the specific dollar amount that the company is responsible for paying per individual claim before the insurance carrier's coverage obligations begin. It reflects the company's risk appetite and its strategy for managing insurance costs through self-insurance versus transferring risk to third-party underwriters. Changes in this threshold directly impact the company's exposure to potential litigation and operational liabilities.

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