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MasTec, Inc. (MTZ) 10-Year Financial Performance & Capital Metrics

MTZ • • Industrial / General
IndustrialsEngineering & ConstructionEnergy & Industrial ConstructionEnergy Infrastructure Contractors
AboutMasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, cable, and power lines, which provide wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy; natural gas, product transport; electrical and gas transmission, and distribution systems; heavy industrial plants; compressor and pump stations, and treatment plants; water and sewer infrastructure, including water pipelines; and other civil construction infrastructure. It also installs electrical and other gas distribution and transmission systems, power generation facilities, buried and aerial fiber optic and other cables, as well as home automation and energy management solutions. In addition, the company offers maintenance and upgrade support services comprising maintenance of customers' distribution facilities, networks, and infrastructure, including communications, power generation, pipeline, electrical distribution and transmission, and heavy civil infrastructure; service restoration for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include public and private energy providers, pipeline operators, wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.Show more
  • Revenue $12.3B +2.6%
  • EBITDA $943M +24.9%
  • Net Income $163M +425.9%
  • EPS (Diluted) 2.06 +421.9%
  • Gross Margin 13.23% +101.7%
  • EBITDA Margin 7.66% +21.7%
  • Operating Margin 3.55% +179.9%
  • Net Margin 1.32% +417.7%
  • ROE 5.7% +411.9%
  • ROIC 6% +204.6%
  • Debt/Equity 0.88 -31.4%
  • Interest Coverage 2.26 +248.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 11.4%
  • ✓Trading near 52-week high
  • ✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

  • ✗Weak 3Y average ROE of 1.7%
  • ✗Profits declining 16.1% over 5 years

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.3%
5Y11.36%
3Y15.66%
TTM12.99%

Profit (Net Income) CAGR

10Y3.48%
5Y-16.13%
3Y-20.89%
TTM272.82%

EPS CAGR

10Y4.39%
5Y-16.81%
3Y-22.64%
TTM276.03%

ROCE

10Y Avg9.13%
5Y Avg5.1%
3Y Avg3.77%
Latest6.98%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ESOAEnergy Services of America Corporation145.96M8.7843916.8%0.09%0.7%4.12%1.32
MTZMasTec, Inc.18.61B235.89114.512.56%2.41%10.41%5.23%0.88
PWRQuanta Services, Inc.66.75B447.6474.2413.36%3.76%12.11%2.21%0.61
PRIMPrimoris Services Corporation7.97B147.5144.5711.4%3.72%17.03%4.79%0.84

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+4.21B5.13B6.61B6.91B7.18B6.32B7.95B9.78B12B12.3B
Revenue Growth %-0.09%0.22%0.29%0.05%0.04%-0.12%0.26%0.23%0.23%0.03%
Cost of Goods Sold+3.72B4.44B5.75B5.94B6.31B5.27B6.81B8.59B11.21B10.68B
COGS % of Revenue0.88%0.87%0.87%0.86%0.88%0.83%0.86%0.88%0.93%0.87%
Gross Profit+487.03M692.58M861.67M970.11M877.46M1.05B1.15B1.19B786.81M1.63B
Gross Margin %0.12%0.13%0.13%0.14%0.12%0.17%0.14%0.12%0.07%0.13%
Gross Profit Growth %-0.23%0.42%0.24%0.13%-0.1%0.2%0.09%0.04%-0.34%1.07%
Operating Expenses+435.57M426.35M463.15M500.21M299.5M1.05B729.8M1.07B634.8M1.19B
OpEx % of Revenue0.1%0.08%0.07%0.07%0.04%0.17%0.09%0.11%0.05%0.1%
Selling, General & Admin265.91M261.43M275.1M287.28M299.5M302.98M306.97M559.44M634.8M684.51M
SG&A % of Revenue0.06%0.05%0.04%0.04%0.04%0.05%0.04%0.06%0.05%0.06%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses7.48M6.79M12.99M212.93M0747.12M422.83M507.15M0506.62M
Operating Income+56.68M276.55M398.52M495.54M577.96M0416.25M125.12M152.01M436.35M
Operating Margin %0.01%0.05%0.06%0.07%0.08%-0.05%0.01%0.01%0.04%
Operating Income Growth %-0.77%3.88%0.44%0.24%0.17%-1%--0.7%0.21%1.87%
EBITDA+226.34M441.47M586.57M708.47M813.44M782.54M839.08M632.27M755.17M942.97M
EBITDA Margin %0.05%0.09%0.09%0.1%0.11%0.12%0.11%0.06%0.06%0.08%
EBITDA Growth %-0.43%0.95%0.33%0.21%0.15%-0.04%0.07%-0.25%0.19%0.25%
D&A (Non-Cash Add-back)169.66M164.91M188.05M212.93M235.48M297.75M422.83M507.15M603.16M506.62M
EBIT-19.69M276.55M432.84M469.9M587.97M484.79M483.49M155.31M151.7M444.23M
Net Interest Income+-48.05M-50.73M-61.01M-82.57M-77.03M-59.63M-53.41M-112.25M-234.41M-193.27M
Interest Income0000000000
Interest Expense48.05M50.73M61.01M82.57M77.03M59.63M53.41M112.25M234.41M193.27M
Other Income/Expense-306.66M-40.41M-26.69M-104.6M-67.02M425.16M13.82M-82.06M-234.72M-185.39M
Pretax Income+-67.75M225.82M371.83M365.3M510.94M425.16M430.07M43.06M-82.7M250.96M
Pretax Margin %-0.02%0.04%0.06%0.05%0.07%0.07%0.05%0%-0.01%0.02%
Income Tax+11.96M91.78M22.94M106.07M116.84M102.47M99.35M9.17M-35.41M51.54M
Effective Tax Rate %1.17%0.58%0.93%0.71%0.77%0.76%0.76%0.77%0.6%0.65%
Net Income+-79.11M131.26M347.21M259.66M392.33M322.85M328.83M33.35M-49.95M162.79M
Net Margin %-0.02%0.03%0.05%0.04%0.05%0.05%0.04%0%-0%0.01%
Net Income Growth %-1.68%2.66%1.65%-0.25%0.51%-0.18%0.02%-0.9%-2.5%4.26%
Net Income (Continuing)-79.7M134.03M348.88M259.23M394.1M322.7M330.73M33.89M-47.3M199.42M
Discontinued Operations0000000000
Minority Interest3.82M7.1M2.55M2.13M4.47M3.6M4.05M3.86M15.11M75.49M
EPS (Diluted)+-0.981.614.223.265.174.384.450.42-0.642.06
EPS Growth %-1.73%2.64%1.62%-0.23%0.59%-0.15%0.02%-0.91%-2.52%4.22%
EPS (Basic)-0.981.634.293.305.224.434.540.45-0.642.09
Diluted Shares Outstanding80.49M81.39M82.33M79.77M75.85M73.72M73.94M76.19M77.53M78.88M
Basic Shares Outstanding80.49M80.37M80.9M78.69M75.19M72.8M72.5M74.92M77.53M78.05M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.13B1.4B1.85B2.17B2.17B2.36B2.87B3.86B3.97B3.65B
Cash & Short-Term Investments4.98M38.77M40.33M27.42M71.43M423.12M360.74M370.59M529.56M399.9M
Cash Only4.98M38.77M40.33M27.42M71.43M423.12M360.74M370.59M529.56M399.9M
Short-Term Investments0000000000
Accounts Receivable911.1M1.16B1.6B1.92B1.87B1.75B2.25B3.13B3.13B2.94B
Days Sales Outstanding79.0282.1788.28101.6495.27101.3103.15116.8295.1387.14
Inventory90.6M111.03M76.99M113.71M100.07M89.64M92.59M117.97M108.15M107.34M
Days Inventory Outstanding8.899.124.896.995.796.214.975.013.523.67
Other Current Assets68.2M55.14M35.78M47.35M75.19M31.38M81.91M118.67M104.19M89.09M
Total Non-Current Assets+1.8B1.78B2.21B2.27B2.82B2.87B4.25B5.43B5.4B5.32B
Property, Plant & Equipment558.7M549.1M706.5M747.8M1.14B1.16B1.7B2.03B2.07B1.95B
Fixed Asset Turnover7.53x9.35x9.35x9.24x6.32x5.45x4.69x4.81x5.79x6.33x
Goodwill988.51M995.87M1.14B1.1B1.22B1.24B1.52B2.05B2.13B2.2B
Intangible Assets199.4M179.7M191.1M169.4M211.5M184M670.3M946.3M784.3M727.4M
Long-Term Investments00000000023M
Other Non-Current Assets51.03M55.98M178.82M253.44M254.74M282.86M360.09M409.16M418.49M424.24M
Total Assets+2.94B3.18B4.07B4.44B5B5.23B7.12B9.29B9.37B8.98B
Asset Turnover1.43x1.61x1.62x1.56x1.44x1.21x1.12x1.05x1.28x1.37x
Asset Growth %-0.17%0.08%0.28%0.09%0.13%0.05%0.36%0.3%0.01%-0.04%
Total Current Liabilities+752.79M839.99M963.83M1.28B1.22B1.42B1.78B2.5B2.84B3B
Accounts Payable348.54M363.67M377.95M669.71M535.03M571.27M663.06M1.11B1.24B1.11B
Days Payables Outstanding34.1929.8824.0141.1630.9739.5635.5647.1840.4637.8
Short-Term Debt77.4M64.6M87.87M82.66M118.43M145.11M137.91M171.92M177.25M186.09M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities61.19M70.85M65.45M76.35M74.78M74.99M141.16M163.65M184.62M165.85M
Current Ratio1.50x1.67x1.92x1.69x1.78x1.67x1.61x1.55x1.40x1.22x
Quick Ratio1.38x1.54x1.84x1.60x1.70x1.60x1.56x1.50x1.36x1.18x
Cash Conversion Cycle53.7261.4269.1667.4770.0967.9572.5674.6658.1953.01
Total Non-Current Liabilities+1.23B1.24B1.67B1.76B1.99B1.81B2.79B4.06B3.82B2.99B
Long-Term Debt932.87M961.38M1.28B1.32B1.31B1.16B1.88B3.05B2.89B2.04B
Capital Lease Obligations0000154.55M116.51M176.38M194.05M292.87M261.3M
Deferred Tax Liabilities188.76M178.35M204.52M263.69M296.33M302.94M450.36M571.4M390.4M362.77M
Other Non-Current Liabilities109.79M99.77M184.17M176.41M221.28M230.05M289.96M238.39M243.7M326.14M
Total Liabilities2B2.08B2.63B3.05B3.21B3.22B4.58B6.55B6.65B5.99B
Total Debt+1.01B1.03B1.37B1.41B1.67B1.49B2.29B3.51B3.5B2.63B
Net Debt1.01B987.21M1.33B1.38B1.6B1.07B1.93B3.14B2.97B2.23B
Debt / Equity1.07x0.92x0.95x1.01x0.93x0.74x0.90x1.28x1.28x0.88x
Debt / EBITDA4.46x2.32x2.33x1.99x2.05x1.91x2.72x5.56x4.63x2.79x
Net Debt / EBITDA4.44x2.24x2.26x1.95x1.96x1.37x2.29x4.97x3.93x2.37x
Interest Coverage1.18x5.45x6.53x6.00x7.50x-7.79x1.11x0.65x2.26x
Total Equity+947.21M1.11B1.44B1.39B1.8B2.01B2.55B2.74B2.72B2.99B
Equity Growth %-0.18%0.17%0.29%-0.03%0.29%0.12%0.27%0.08%-0.01%0.1%
Book Value per Share11.7713.6517.4417.4823.6827.2634.4635.9835.1037.87
Total Shareholders' Equity943.39M1.1B1.43B1.39B1.79B2.01B2.54B2.74B2.71B2.91B
Common Stock8.82M9.06M9.09M9.13M9.19M9.31M9.54M9.86M9.91M9.9M
Retained Earnings378.68M509.94M857.15M1.12B1.51B1.83B2.16B2.2B2.15B2.31B
Treasury Stock-145.57M-145.57M-147.12M-466.13M-466.73M-586.96M-586.96M-663.91M-659.91M-656.81M
Accumulated OCI-72.35M-65.81M-63.71M-60.49M-75.71M-91.44M-78.78M-50.95M-53M-40.85M
Minority Interest3.82M7.1M2.55M2.13M4.47M3.6M4.05M3.86M15.11M75.49M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+367.41M205.59M156.26M529.96M550.28M937.25M793.07M352.3M687.28M1.12B
Operating CF Margin %0.09%0.04%0.02%0.08%0.08%0.15%0.1%0.04%0.06%0.09%
Operating CF Growth %0.14%-0.44%-0.24%2.39%0.04%0.7%-0.15%-0.56%0.95%0.63%
Net Income-79.7M134.03M348.88M259.23M394.1M322.7M330.73M33.89M-49.95M199.42M
Depreciation & Amortization169.66M164.91M188.05M212.93M235.48M297.75M422.83M507.15M603.16M506.62M
Stock-Based Compensation12.39M15.07M15.66M13.53M16.45M21.88M24.8M27.45M33.34M32.67M
Deferred Taxes3.92M-3.94M18.28M56.21M22.16M7.18M51.93M9.55M-140.86M-34.43M
Other Non-Cash Items54.47M9.65M-16.94M19.25M-37.51M-21.18M-78.62M-59.61M-34.74M-23.78M
Working Capital Changes206.66M-114.14M-397.66M-31.19M-80.4M308.93M41.4M-166.12M276.33M441.13M
Change in Receivables362.27M-246.42M-417.49M-335.2M113.06M87.37M198.45M-298.05M45.01M237.34M
Change in Inventory22.36M-22.23M36.19M-29.37M24.05M17.9M10.15M-20.52M33.02M26.34M
Change in Payables-162.44B66.08B54.34B251.74B-165.3M182.33M00165.89M-161.73M
Cash from Investing+-128.7M-141.02M-272.75M-181.8M-261.82M-216.6M-1.36B-821.18M-178.06M-157.49M
Capital Expenditures-84.41M-117.11M-123.41M-180.42M-126.47M-213.75M-170.07M-263.35M-192.94M-148.85M
CapEx % of Revenue0.02%0.02%0.02%0.03%0.02%0.03%0.02%0.03%0.02%0.01%
Acquisitions----------
Investments----------
Other Investing13.93M11.24M19.96M39.36M35.02M38.92M66.94M81.51M85.74M71.3M
Cash from Financing+-258.92M-29.49M118.16M-361.09M-244.63M-369.89M501.94M480.9M-351M-1.09B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing-48.34M-15.11M-38.79M-16.26M-37.53M-16.15M-30.43M-80.2M-51.63M-108.34M
Net Change in Cash----------
Free Cash Flow+283M88.48M32.85M349.54M423.81M723.51M623.01M88.94M494.34M972.77M
FCF Margin %0.07%0.02%0%0.05%0.06%0.11%0.08%0.01%0.04%0.08%
FCF Growth %0.33%-0.69%-0.63%9.64%0.21%0.71%-0.14%-0.86%4.56%0.97%
FCF per Share3.521.090.404.385.599.818.431.176.3812.33
FCF Conversion (FCF/Net Income)-4.64x1.57x0.45x2.04x1.40x2.90x2.41x10.56x-13.76x6.89x
Interest Paid47.41M47.7M59.16M084.97M65.02M61.81M106.48M237.65M195.34M
Taxes Paid2.54M59.34M78.65M0106.25M64.65M69.11M8.6M9.61M43.95M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-7.54%12.76%27.27%18.35%24.6%16.97%14.43%1.26%-1.83%5.7%
Return on Invested Capital (ROIC)2.02%10.24%12.29%13.42%14.06%-8.27%1.81%1.97%6%
Gross Margin11.57%13.49%13.04%14.04%12.22%16.61%14.41%12.19%6.56%13.23%
Net Margin-1.88%2.56%5.26%3.76%5.46%5.11%4.14%0.34%-0.42%1.32%
Debt / Equity1.07x0.92x0.95x1.01x0.93x0.74x0.90x1.28x1.28x0.88x
Interest Coverage1.18x5.45x6.53x6.00x7.50x-7.79x1.11x0.65x2.26x
FCF Conversion-4.64x1.57x0.45x2.04x1.40x2.90x2.41x10.56x-13.76x6.89x
Revenue Growth-8.81%22.01%28.67%4.58%3.96%-12%25.8%22.97%22.68%2.56%

Revenue by Segment

2015201620172018201920202021202220232024
Clean Energy and Infrastructure-----1.53B1.86B2.62B3.96B4.09B
Clean Energy and Infrastructure Growth------22.14%40.41%51.30%3.28%
Communications1.97B2.32B2.42B2.56B2.62B2.51B2.55B3.23B3.26B3.46B
Communications Growth-17.76%4.34%5.46%2.42%-4.07%1.55%26.76%0.80%6.15%
Power Delivery------1.02B2.73B2.74B2.68B
Power Delivery Growth-------168.02%0.36%-1.94%
Oil And Gas------2.54B1.22B2.07B-
Oil And Gas Growth--------51.99%69.96%-
Others24.1M15.9M20.8M3.5M200K600K----
Others Growth--34.02%30.82%-83.17%-94.29%200.00%----
Oil And Gas 1---3.29B3.12B1.79B----
Oil And Gas 1 Growth-----5.21%-42.58%----
Electrical Transmission341.5M383.8M378.2M397.3M413.9M506.5M----
Electrical Transmission Growth-12.39%-1.46%5.05%4.18%22.37%----
Power Generation and Industrial381.6M405.7M299.9M665M1.03B-----
Power Generation and Industrial Growth-6.32%-26.08%121.74%55.53%-----
Oil And Gas1.5B2.02B3.5B-------
Oil And Gas Growth-35.40%72.75%-------

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES3.6B4.9B6.4B6.7B6.9B6.2B7.8B9.6B11.9B-
UNITED STATES Growth-36.11%30.61%4.69%2.99%-10.14%25.81%23.08%23.96%-
Non-US574.8M279.7M211.5M164.3M233.5M133.1M165.2M149.9M95.1M-
Non-US Growth--51.34%-24.38%-22.32%42.12%-43.00%24.12%-9.26%-36.56%-

Frequently Asked Questions

Valuation & Price

MasTec, Inc. (MTZ) has a price-to-earnings (P/E) ratio of 114.5x. This suggests investors expect higher future growth.

Growth & Financials

MasTec, Inc. (MTZ) reported $13.76B in revenue for fiscal year 2024. This represents a 357% increase from $3.01B in 2011.

MasTec, Inc. (MTZ) grew revenue by 2.6% over the past year. Growth has been modest.

Yes, MasTec, Inc. (MTZ) is profitable, generating $331.1M in net income for fiscal year 2024 (1.3% net margin).

Dividend & Returns

MasTec, Inc. (MTZ) has a return on equity (ROE) of 5.7%. This is below average, suggesting room for improvement.

MasTec, Inc. (MTZ) generated $416.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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