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+20.2% | $4.7B+14.8% | $4.67B+19.7% | $4.44B+15.0% | $4.25B+9.4% | |
| Communications | $3.46B+28.2% | $3.34B+32.3% | $3.17B+77.7% | $2.95B+53.3% | $2.7B+22.8% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Pipeline Infrastructure | $2.46B+32.7% | $2.14B+0.2% | $1.92B-13.4% | $1.82B-18.7% | $1.86B-15.2% | |
| Power Delivery | $4.32B+16.4% | $4.18B+15.6% | $4.05B-2.7% | $3.89B+0.3% | $3.71B0.0% | |
| Other segment items by Business | ||||||
| Clean Energy and Infrastructure | $200.3M-1.4% | $195M-0.1% | $201.7M+4.0% | $200.9M+2.0% | $203.2M+0.2% | |
| Communications | $78.9M-0.5% | $76.3M-6.6% | $79.2M-6.2% | $80.9M-11.0% | $79.3M-18.1% | |
| Other | -$12.4M+54.4% | -$30.8M-18.0% | -$31.3M-32.5% | -$31.6M-38.9% | -$27.2M-2.7% | |
| Pipeline Infrastructure | $67.6M+56.1% | $57.7M+6.1% | $50.8M-15.5% | $44.8M-31.2% | $43.3M-33.9% | |
| Power Delivery | $158.8M+12.4% | $151.1M+1.6% | $147.9M+4.0% | $142.2M-0.4% | $141.3M-1.7% | |
| Costs of revenue, excluding depreciation and amortization by Business | ||||||
| Clean Energy and Infrastructure | $4.53B+20.6% | $4.16B+14.2% | $4.11B+19.2% | $3.91B+17.0% | $3.76B+10.4% | |
| Communications | $3.07B+29.1% | $2.95B+32.9% | $2.79B+33.4% | $2.59B+28.3% | $2.38B+17.5% | |
| Other | $0— | $0— | $0-100% | $0-100% | $0-100% | |
| Pipeline Infrastructure | $1.98B+34.4% | $1.76B+4.3% | $1.62B-8.2% | $1.51B-16.4% | $1.47B-19.0% | |
| Power Delivery | $3.8B+16.3% | $3.69B+16.6% | $3.57B+15.6% | $3.44B+12.4% | $3.27B+5.6% | |
| Consolidated assets by Business | ||||||
| Clean Energy and Infrastructure | $11.25B+6.6% | $10.58B-0.5% | $10.47B-3.9% | $10.45B— | $10.55B— | |
| Communications | $7.66B-1.1% | $7.43B-9.3% | $7.14B-13.5% | $7.42B— | $7.74B— | |
| Other | $1.36B+7.3% | $1.32B+4.8% | $1.27B+2.2% | $1.26B+1.4% | $1.26B+2.1% | |
| Pipeline Infrastructure | $7.48B— | $7.03B— | $6.7B— | —— | —— | |
| Power Delivery | $10.61B+24.1% | $10.36B+32.1% | $10.23B+31.3% | $9.38B— | $8.56B— | |
| Segment EBITDA by Business | ||||||
| Clean Energy and Infrastructure | $380.5M+29.6% | $348.6M+35.6% | $360M+76.2% | $329.6M+104% | $293.7M+99.1% | |
| Communications | $309.5M+28.3% | $309.5M+40.7% | $298.8M— | $270.7M— | $241.2M— | |
| Other | $12.4M-54.4% | $30.8M+18.0% | $31.3M+31.0% | $31.6M+51.2% | $27.2M+9.2% | |
| Pipeline Infrastructure | $418.3M+22.6% | $317.9M-18.4% | $257.1M-36.1% | $268.2M-27.5% | $341.2M+11.5% | |
| Power Delivery | $359.5M+19.0% | $338.8M+12.4% | $331.4M-6.3% | $313.3M-3.3% | $302.1M+0.3% | |
| Consolidated depreciation and amortization by Business | ||||||
| Clean Energy and Infrastructure | $116.6M-1.5% | $108.2M-12.0% | $110.5M-15.4% | $114.1M-17.0% | $118.4M-14.2% | |
| Communications | $62.2M-10.8% | $60.2M-19.1% | $61.4M— | $63.2M— | $69.7M— | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Pipeline Infrastructure | $115.6M-0.3% | $107.4M-16.7% | $103.2M-26.6% | $105.4M-30.1% | $116M-24.4% | |
| Power Delivery | $136.9M-14.7% | $142.3M-16.4% | $146.9M-33.8% | $148.9M-34.0% | $160.4M-26.9% | |
| Consolidated capital expenditures by Business | ||||||
| Clean Energy and Infrastructure | $40.5M+36.8% | $34.8M+28.9% | $33.7M+20.2% | $33.4M+17.8% | $29.6M+4.0% | |
| Communications | $18.3M-10.7% | $22M+31.0% | $25M+40.4% | $24.3M+18.5% | $20.5M-2.8% | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| Pipeline Infrastructure | $131.4M+331% | $100.3M+265% | $64.4M+55.6% | $44.8M-14.5% | $30.5M-52.4% | |
| Power Delivery | $89.5M+3.9% | $78.7M+8.3% | $87.5M+56.9% | $95.5M+106% | $86.1M+71.1% | |
| Goodwill, net by Business | ||||||
| Clean Energy and Infrastructure | $3.13B+5.5% | $3B+1.1% | $2.98B+0.3% | $2.97B+0.1% | $2.97B+0.5% | |
| Communications | $2.21B-7.6% | $2.2B-11.7% | $2.19B-12.1% | $2.29B-7.7% | $2.39B-2.4% | |
| Pipeline Infrastructure | $2.1B— | $2.09B— | $2.09B— | —— | —— | |
| Power Delivery | $1.59B+18.3% | $1.59B+30.6% | $1.59B+33.0% | $1.47B+24.1% | $1.34B+13.4% | |
| Additions from new business combinations by Business | ||||||
| Pipeline Infrastructure | $1.05M-97.4% | $1.4M-97.4% | $14.4M-64.0% | $27.4M+2.6% | $40.4M+203% | |
| Measurement period adjustments by Business | ||||||
| Communications | -$1.4M-367% | $0-100% | $175K— | $350K— | $525K— | |
| Pipeline Infrastructure | $3.9M— | $3.8M— | $1.8M+800% | $700K+75.0% | $0-100% | |
| Self-insurance reserve by Product | ||||||
| Employee Group Medical Claims | $16.1M-18.3% | $13.7M-31.8% | $16.1M-17.4% | $18.3M-8.0% | $19.7M+4.8% | |
| Workers' Compensation, General and Automobile Policies | $1.2B+25.5% | $1.13B+22.7% | $1.08B+22.1% | $1.02B+19.9% | $958.3M+16.0% |
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.
