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MasTec MTZ Workers' Compensation, General and Automobile Policies — Insurance receivables

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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:InsuranceSettlementsReceivableNoncurrent.

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

As of March 31, 2026 and December 31, 2025, MasTec’s estimated gross liability for unpaid claims and associated expenses, including incurred but not reported losses related to these policies, totaled $325.2 million and $306.8 million, respectively, of which $227.8 million and $224.9 million were reflected within other long-term liabilities, with the remainder reflected within other accrued expenses, in the consolidated balance sheets as of the respective periods. Related insurance recoveries/receivables totaled $26.3 million and $25.2 million as of March 31, 2026 and December 31, 2025, respectively, of which $23.3 million and $22.4 million were reflected within other long-term assets, with the remainder reflected within other current assets, in the consolidated balance sheets as of the respective periods.

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is MasTec's workers' compensation, general and automobile policies — insurance receivables?
MasTec (MTZ) reported workers' compensation, general and automobile policies — insurance receivables of $26.3M in Q1 2026.
What does workers' compensation, general and automobile policies — insurance receivables mean?
This represents the amount the company expects to recover from third-party insurance carriers for claims that exceed the company's self-insured retention limits. It acts as an asset on the balance sheet, offsetting the gross liability of large insurance claims. This metric is essential for evaluating the effectiveness of the company's excess insurance coverage and recovery processes.

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