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MasTec Business Segments

Business, geographic, and product segment breakdowns

MasTec generates $15.3B in annual revenue across 4 key segments: Clean Energy and Infrastructure ($10.1M), Communications ($39.2M), Pipeline Infrastructure ($1.1M), and Power Delivery ($115.0M). Based on the Q1 2026 filing.

Clean Energy and Infrastructure (TTM)$10.1MCommunications (TTM)$39.2MPipeline Infrastructure (TTM)$1.1MPower Delivery (TTM)$115.0M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$28.3B
P/E Ratio62.95
ROE14.53%

Products & Services

Per claim deductible, insurance policies

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Automobile Liability$2.5M$6.3M$6.3M$6.3M$6.3M—
General Liability Policy$2.5M$6.3M$6.3M$6.3M$6.3M—
Workers' Compensation Policy$500K$500K$500K$500K$500K—

Loss contingency, maximum loss per employee

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Employee Group Medical Claims$600K———$600K—

Self-insurance reserve

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Workers' Compensation, General and Automobile Policies$251M$254.9M$275.7M$295.1M$306.8M$325.2M
Employee Group Medical Claims$4.7M$5.1M$4.1M$2.2M$2.3M$7.5M

Concentration risk, percentage of total

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Master Service and Other Service Agreements0.010.480.450.43—0.40

Insurance receivables

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Workers' Compensation, General and Automobile Policies$21.4M——$26.3M$25.2M$26.3M

Self-insurance reserve, non-current

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Workers' Compensation, General and Automobile Policies$184.1M$188.1M$202M$218.2M$224.9M$227.8M

Guarantor obligations, maximum exposure, undiscounted

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Workers' Compensation$196.3M$190.2M$193.7M$206.6M$198.6M$198.6M

Business Segments

Additions from new business combinations

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Clean Energy and Infrastructure$300K———$21.8M$97.7M
Communications$0———$10M$0
Pipeline Infrastructure$13.4M$350K$350K$350K$350K$0
Power Delivery$14.6M———$0$0

Currency translation adjustments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pipeline Infrastructure-$300K———$1M-$1M
Clean Energy and Infrastructure$0——$0$0$0
Communications$0——$0$0$0
Power Delivery$0——$0$0$0

Measurement period adjustments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Clean Energy and Infrastructure$0$0$3.4M——$7.2M
Communications$175K$0$0$0$0-$1.4M
Pipeline Infrastructure$0$0$700K$1.1M$2M$100K
Power Delivery$0$1.8M———$0

Other segment items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Clean Energy and Infrastructure$54.5M$51.2M$45.2M$50.8M$47.8M$56.5M
Power Delivery$41.7M$30.9M$35.1M$40.2M$44.9M$38.6M
Pipeline Infrastructure$8.5M$11.7M$15.4M$15.2M$15.4M$21.6M
Communications$22.7M$18.2M$21M$17.3M$19.8M$20.8M
Other-$9M-$8M-$7.2M-$7.1M-$8.5M$10.4M

Segment EBITDA

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pipeline Infrastructure$58.5M$44.5M$62.1M$92M$119.3M$144.9M
Clean Energy and Infrastructure$104.2M$57.1M$83.3M$115.4M$92.8M$89M
Power Delivery$84.5M$51.3M$91.3M$104.3M$91.9M$72M
Communications$66.4M$46.8M$82.6M$103M$77.1M$46.8M
Other$9M$8M$7.2M$7.1M$8.5M-$10.4M