MasTec MTZ Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Clean Energy and Infrastructure | $1.33B+45.2% | $1.29B+2.4% | $1.36B+19.8% | $1.13B+20.1% | $915.8M+21.5% | |
| Communications | $802.1M+17.8% | $906.8M+22.6% | $914.6M+32.9% | $836.9M+41.6% | $680.9M+34.6% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Pipeline Infrastructure | $682.5M+91.4% | $643.9M+49.9% | $597.8M+20.1% | $539.7M-5.7% | $356.5M-43.8% | |
| Power Delivery | $1.05B+16.3% | $1.12B+12.5% | $1.11B+16.8% | $1.05B+20.4% | $899.7M+12.8% | |
| Other segment items by Business | ||||||
| Clean Energy and Infrastructure | $56.5M+10.4% | $47.8M-12.3% | $50.8M+1.6% | $45.2M-4.8% | $51.2M+18.5% | |
| Communications | $20.8M+14.3% | $19.8M-12.8% | $17.3M-8.9% | $21M+8.2% | $18.2M-11.7% | |
| Other | $10.4M+230% | -$8.5M+5.6% | -$7.1M+4.1% | -$7.2M-157% | -$8M-15.9% | |
| Pipeline Infrastructure | $21.6M+84.6% | $15.4M+81.2% | $15.2M+65.2% | $15.4M+10.8% | $11.7M-48.7% | |
| Power Delivery | $38.6M+24.9% | $44.9M+7.7% | $40.2M+16.5% | $35.1M+2.6% | $30.9M-19.3% | |
| Costs of revenue, excluding depreciation and amortization by Business | ||||||
| Clean Energy and Infrastructure | $1.18B+46.6% | $1.15B+4.4% | $1.2B+19.4% | $1B+18.4% | $807.5M+17.0% | |
| Communications | $734.5M+19.3% | $809.9M+24.5% | $794.3M+33.7% | $733.3M+41.4% | $615.9M+34.0% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Pipeline Infrastructure | $516M+71.8% | $509.2M+40.4% | $490.6M+27.3% | $462.2M+9.2% | $300.3M-42.0% | |
| Power Delivery | $935.5M+14.4% | $983.3M+13.1% | $966.2M+16.4% | $919.2M+21.9% | $817.5M+15.3% | |
| Consolidated assets by Business | ||||||
| Clean Energy and Infrastructure | $3.17B+26.4% | $2.82B+4.1% | $2.71B+1.0% | $2.54B-4.0% | $2.51B-3.0% | |
| Communications | $1.95B+13.4% | $1.96B+17.2% | $1.93B-12.6% | $1.82B-15.1% | $1.72B-20.9% | |
| Corporate | $209.8M— | $230.3M— | —— | —— | —— | |
| Other | $357.1M+12.1% | $364M+14.4% | $316.8M+2.3% | $318M+0.3% | $318.6M+2.0% | |
| Pipeline Infrastructure | $2.03B+29.0% | $1.93B+20.6% | $1.81B— | $1.71B— | $1.58B— | |
| Power Delivery | $2.72B+10.4% | $2.62B+5.3% | $2.71B+45.5% | $2.57B+47.3% | $2.46B+40.9% | |
| Segment EBITDA by Business | ||||||
| Clean Energy and Infrastructure | $89M+55.9% | $92.8M-10.9% | $115.4M+35.8% | $83.3M+75.7% | $57.1M+180% | |
| Communications | $46.8M0.0% | $77.1M+16.1% | $103M+37.5% | $82.6M+55.6% | $46.8M+82.8% | |
| Other | -$10.4M-230% | $8.5M-5.6% | $7.1M-4.1% | $7.2M+157% | $8M+15.9% | |
| Pipeline Infrastructure | $144.9M+226% | $119.3M+104% | $92M-10.8% | $62.1M-54.0% | $44.5M-52.0% | |
| Power Delivery | $72M+40.4% | $91.9M+8.8% | $104.3M+21.0% | $91.3M+14.0% | $51.3M+1.6% | |
| Consolidated depreciation and amortization by Business | ||||||
| Clean Energy and Infrastructure | $36.1M+30.3% | $27M-7.8% | $26.6M-11.9% | $26.9M-13.8% | $27.7M-14.2% | |
| Communications | $18.1M+12.4% | $14.9M-7.5% | $15.8M-10.2% | $13.4M-32.7% | $16.1M-22.6% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Pipeline Infrastructure | $34M+31.8% | $30.8M+15.8% | $25.7M-7.9% | $25.1M-29.7% | $25.8M-33.3% | |
| Power Delivery | $31.7M-14.6% | $36M-11.3% | $34.2M-5.5% | $35M-24.7% | $37.1M-20.9% | |
| Consolidated capital expenditures by Business | ||||||
| Clean Energy and Infrastructure | $13.6M+72.2% | $7.8M+16.4% | $7.7M+4.1% | $11.4M+50.0% | $7.9M+49.1% | |
| Communications | $3.4M-52.1% | $1.9M-61.2% | $3.9M+21.9% | $9.1M+71.7% | $7.1M+109% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Pipeline Infrastructure | $41.2M+308% | $41M+704% | $27.6M+245% | $21.6M+196% | $10.1M+42.3% | |
| Power Delivery | $32M+50.9% | $22.3M-28.3% | $15.5M-34.0% | $19.7M+91.3% | $21.2M+172% | |
| Goodwill, net by Business | ||||||
| Clean Energy and Infrastructure | $872.4M+17.5% | $767.5M+3.4% | $745.7M+0.5% | $745.7M+0.5% | $742.3M0.0% | |
| Communications | $555.6M+1.7% | $557M+1.9% | $547M-15.5% | $546.5M-15.5% | $546.5M-15.5% | |
| Pipeline Infrastructure | $526.4M+1.4% | $527.3M+1.6% | $524.3M— | $523.4M— | $518.9M— | |
| Power Delivery | $397.2M0.0% | $397.2M+0.5% | $397.2M+42.0% | $397.2M+46.7% | $397.2M+46.7% | |
| Currency translation adjustments by Business | ||||||
| Clean Energy and Infrastructure | $0— | $0— | $0— | —— | —— | |
| Communications | $0— | $0— | $0— | —— | —— | |
| Pipeline Infrastructure | -$1M— | $1M+433% | —— | —— | —— | |
| Power Delivery | $0— | $0— | $0— | —— | —— | |
| Additions from new business combinations by Business | ||||||
| Clean Energy and Infrastructure | $97.7M— | $21.8M+7,167% | —— | —— | —— | |
| Communications | $0— | $10M— | —— | —— | —— | |
| Pipeline Infrastructure | $0-100% | $350K-97.4% | $350K-97.4% | $350K-97.4% | $350K-97.4% | |
| Power Delivery | $0— | $0-100% | —— | —— | —— | |
| Measurement period adjustments by Business | ||||||
| Clean Energy and Infrastructure | $7.2M— | —— | —— | $3.4M— | $0— | |
| Communications | -$1.4M— | $0-100% | $0-100% | $0-100% | $0-100% | |
| Pipeline Infrastructure | $100K— | $2M— | $1.1M— | $700K— | $0— | |
| Power Delivery | $0-100% | —— | —— | —— | $1.8M— | |
| Self-insurance reserve by Product | ||||||
| Employee Group Medical Claims | $7.5M+47.1% | $2.3M-51.1% | $2.2M-50.0% | $4.1M-25.5% | $5.1M-7.3% | |
| Workers' Compensation, General and Automobile Policies | $325.2M+27.6% | $306.8M+22.2% | $295.1M+25.7% | $275.7M+26.7% | $254.9M+16.2% |
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.
