MasTec MTZ Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Clean Energy and Infrastructure | $5.11B+8.8% | $4.7B+0.7% | $4.67B+5.1% | $4.44B+4.4% | $4.25B+4.0% | |
| Communications | $3.46B+3.6% | $3.34B+5.3% | $3.17B+7.7% | $2.95B+9.1% | $2.7B+6.9% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Pipeline Infrastructure | $2.46B+15.2% | $2.14B+11.1% | $1.92B+5.5% | $1.82B-1.8% | $1.86B-13.0% | |
| Power Delivery | $4.32B+3.5% | $4.18B+3.1% | $4.05B+4.1% | $3.89B+4.8% | $3.71B+2.8% | |
| Other segment items by Business | ||||||
| Clean Energy and Infrastructure | $200.3M+2.7% | $195M-3.3% | $201.7M+0.4% | $200.9M-1.1% | $203.2M+4.1% | |
| Communications | $78.9M+3.4% | $76.3M-3.7% | $79.2M-2.1% | $80.9M+2.0% | $79.3M-2.9% | |
| Other | -$12.4M+59.7% | -$30.8M+1.6% | -$31.3M+0.9% | -$31.6M-16.2% | -$27.2M-4.2% | |
| Pipeline Infrastructure | $67.6M+17.2% | $57.7M+13.6% | $50.8M+13.4% | $44.8M+3.5% | $43.3M-20.4% | |
| Power Delivery | $158.8M+5.1% | $151.1M+2.2% | $147.9M+4.0% | $142.2M+0.6% | $141.3M-5.0% | |
| Costs of revenue, excluding depreciation and amortization by Business | ||||||
| Clean Energy and Infrastructure | $4.53B+9.1% | $4.16B+1.2% | $4.11B+5.0% | $3.91B+4.1% | $3.76B+3.2% | |
| Communications | $3.07B+4.0% | $2.95B+5.7% | $2.79B+7.7% | $2.59B+9.0% | $2.38B+7.0% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Pipeline Infrastructure | $1.98B+12.2% | $1.76B+9.1% | $1.62B+7.0% | $1.51B+2.6% | $1.47B-12.9% | |
| Power Delivery | $3.8B+3.2% | $3.69B+3.2% | $3.57B+4.0% | $3.44B+5.0% | $3.27B+3.4% | |
| Consolidated assets by Business | ||||||
| Clean Energy and Infrastructure | $11.25B+6.3% | $10.58B+1.1% | $10.47B+0.3% | $10.45B-1.0% | $10.55B-0.7% | |
| Communications | $7.66B+3.1% | $7.43B+4.0% | $7.14B-3.7% | $7.42B-4.2% | $7.74B-5.5% | |
| Other | $1.36B+2.9% | $1.32B+3.6% | $1.27B+0.6% | $1.26B+0.1% | $1.26B+0.5% | |
| Pipeline Infrastructure | $7.48B+6.5% | $7.03B+4.9% | $6.7B— | —— | —— | |
| Power Delivery | $10.61B+2.5% | $10.36B+1.3% | $10.23B+9.0% | $9.38B+9.6% | $8.56B+9.1% | |
| Segment EBITDA by Business | ||||||
| Clean Energy and Infrastructure | $380.5M+9.2% | $348.6M-3.2% | $360M+9.2% | $329.6M+12.2% | $293.7M+14.3% | |
| Communications | $309.5M0.0% | $309.5M+3.6% | $298.8M+10.4% | $270.7M+12.2% | $241.2M+9.6% | |
| Other | $12.4M-59.7% | $30.8M-1.6% | $31.3M-0.9% | $31.6M+16.2% | $27.2M+4.2% | |
| Pipeline Infrastructure | $418.3M+31.6% | $317.9M+23.6% | $257.1M-4.1% | $268.2M-21.4% | $341.2M-12.4% | |
| Power Delivery | $359.5M+6.1% | $338.8M+2.2% | $331.4M+5.8% | $313.3M+3.7% | $302.1M+0.3% | |
| Consolidated depreciation and amortization by Business | ||||||
| Clean Energy and Infrastructure | $116.6M+7.8% | $108.2M-2.1% | $110.5M-3.2% | $114.1M-3.6% | $118.4M-3.7% | |
| Communications | $62.2M+3.3% | $60.2M-2.0% | $61.4M-2.8% | $63.2M-9.3% | $69.7M-6.3% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Pipeline Infrastructure | $115.6M+7.6% | $107.4M+4.1% | $103.2M-2.1% | $105.4M-9.1% | $116M-10.0% | |
| Power Delivery | $136.9M-3.8% | $142.3M-3.1% | $146.9M-1.3% | $148.9M-7.2% | $160.4M-5.8% | |
| Consolidated capital expenditures by Business | ||||||
| Clean Energy and Infrastructure | $40.5M+16.4% | $34.8M+3.3% | $33.7M+0.9% | $33.4M+12.8% | $29.6M+9.6% | |
| Communications | $18.3M-16.8% | $22M-12.0% | $25M+2.9% | $24.3M+18.5% | $20.5M+22.0% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Pipeline Infrastructure | $131.4M+31.0% | $100.3M+55.7% | $64.4M+43.8% | $44.8M+46.9% | $30.5M+10.9% | |
| Power Delivery | $89.5M+13.7% | $78.7M-10.1% | $87.5M-8.4% | $95.5M+10.9% | $86.1M+18.4% | |
| Goodwill, net by Business | ||||||
| Clean Energy and Infrastructure | $3.13B+4.3% | $3B+0.8% | $2.98B+0.1% | $2.97B+0.1% | $2.97B0.0% | |
| Communications | $2.21B+0.4% | $2.2B+0.5% | $2.19B-4.4% | $2.29B-4.2% | $2.39B-4.0% | |
| Pipeline Infrastructure | $2.1B+0.4% | $2.09B+0.4% | $2.09B— | —— | —— | |
| Power Delivery | $1.59B0.0% | $1.59B+0.1% | $1.59B+8.0% | $1.47B+9.4% | $1.34B+10.4% | |
| Additions from new business combinations by Business | ||||||
| Pipeline Infrastructure | $1.05M-25.0% | $1.4M-90.3% | $14.4M-47.4% | $27.4M-32.2% | $40.4M-24.3% | |
| Measurement period adjustments by Business | ||||||
| Communications | -$1.4M— | $0-100% | $175K-50.0% | $350K-33.3% | $525K-25.0% | |
| Pipeline Infrastructure | $3.9M+2.6% | $3.8M+111% | $1.8M+157% | $700K— | $0— | |
| Self-insurance reserve by Product | ||||||
| Employee Group Medical Claims | $16.1M+17.5% | $13.7M-14.9% | $16.1M-12.0% | $18.3M-7.1% | $19.7M-2.0% | |
| Workers' Compensation, General and Automobile Policies | $1.2B+6.2% | $1.13B+5.2% | $1.08B+5.9% | $1.02B+6.1% | $958.3M+3.8% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does MasTec break its business down?
- MasTec (MTZ) reports revenue by business across 5 parts — Clean Energy and Infrastructure, Communications, Other, Pipeline Infrastructure and Power Delivery. Each is extracted from the segment footnotes and tracked over time.
- Where does MasTec's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in MasTec's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
