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MasTec MTZ Depreciation

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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:CostOfGoodsAndServicesSoldDepreciation.

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
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Revenue$3,828,801$2,847,718
Costs of revenue, excluding depreciation and amortization3,350,8972,536,618
Depreciation83,28176,225
Amortization of intangible assets38,61332,636
General and administrative expenses214,208166,050
Operating income$141,802$36,189
Interest expense, net43,46139,041
Equity in losses (earnings) of unconsolidated affiliates, net3,585(10,313)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is MasTec's depreciation?
MasTec (MTZ) reported depreciation of $83.28M in Q1 2026.
How has MasTec's depreciation changed year-over-year?
MasTec's depreciation increased by 9.3% year-over-year, from $76.23M to $83.28M.
What is the long-term trend for MasTec's depreciation?
Over 4 years (2021 to 2025), MasTec's depreciation has grown at a -3.8% compound annual growth rate (CAGR), from $345.61M to $295.89M.
What does depreciation mean?
This represents the non-cash allocation of the cost of tangible fixed assets over their useful lives. It is added back to net income in the cash flow statement because it does not involve an actual cash outflow during the period.

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