MTZNYSEWater, Sewer, Pipeline, Comm & Power Line ConstructionFiscal year ends December 31
MASTEC INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$190.91−0.11 (-0.06%)
Close on Oct 19, 2026
- Market cap
- $15.06B
- P/E (TTM)
- 30.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
12.5%−4.1 pts over 5 years
Net margin
2.8%−2.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +16.2% | +13.5% | +17.7% | +13.0% | |
| Gross profit | +10.2% | +14.6% | +11.3% | – | |
| Net income | +145.1% | +128.7% | +4.3% | – | |
| EPS, diluted | +146.1% | +129.4% | +3.0% | – | |
| Free cash flow | -70.6% | +47.6% | -17.0% | +0.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 12.9% | 17.0% | 12.9% | |
| Return on assets | 4.3% | 6.3% | 4.2% | |
| Current ratio | 1.67 | 1.67 | 1.32 | |
| Debt to equity | 0.94 | 0.65 | 0.72 | |
| Inventory turnover | – | 55.6× | 113.8× | |
| Capex to revenue | 2.3% | 3.4% | 1.8% | |
| Diluted shares | 81M | 74M | 79M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Mastec generated $3.50B from operations and spent $1.19B on capital expenditure, dividends and share buybacks. 87% of that went back into the business.
Generated
$3.50B
Used
$1.19B
Capital expenditure$1.04B87%Dividends$00%Share buybacks$158.62M13%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.8%
×Asset turnover1.51×
×Equity multiplier3.06×
=Return on equity, FY202512.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.8% | 1.51× | 3.06× | 12.9% |
| FY2024 | 1.3% | 1.34× | 3.27× | 5.8% |
| FY2023 | -0.4% | 1.29× | 3.43× | -1.8% |
| FY2022 | 0.3% | 1.19× | 3.11× | 1.3% |
| FY2021 | 4.1% | 1.29× | 2.72× | 14.5% |
| FY2020 | 5.1% | 1.24× | 2.70× | 17.0% |
| FY2019 | 5.5% | 1.52× | 2.97× | 24.7% |
| FY2018 | 3.8% | 1.62× | 3.02× | 18.4% |
| FY2017 | 5.3% | 1.82× | 2.87× | 27.5% |
| FY2016 | 2.6% | 1.68× | 3.00× | 12.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$399.04M
- Cash generatingOperating cash flow above zero$545.71M
- Return on assets improvedROA up on the prior year1.7% → 4.4%
- Earnings backed by cashOperating cash flow above net income$545.71M vs $399.04M
- Less leverageLong-term debt to assets fell22.7% → 21.9%
- Better liquidityCurrent ratio rose1.22 → 1.32
- No dilutionShare count did not rise79M → 79M
- Gross margin improvedGross margin up on the prior year13.23% → 12.54%
- More efficientAsset turnover rose1.31 → 1.59