MasTec, Inc. (MTZ) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Engineering & Construction
EV/EBITDA
↑
33.86
↑+145% vs avg
5yr avg: 13.84
30Y Low3.1·High27.6
P/FCF
↑
119.53
↑+258% vs avg
5yr avg: 33.36
30Y Low3.7·High122.7
P/B Ratio
↑
10.23
↑+221% vs avg
5yr avg: 3.19
30Y Low0.5·High8.5
ROE
↓
12.6%
↓+96% vs avg
5yr avg: 6.4%
30Y Low-38%·High39%
Debt/EBITDA
↓
2.59
↓-29% vs avg
5yr avg: 3.66
30Y Low1.0·High8.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MTZ Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
MasTec, Inc. trades at 85.5x earnings, roughly in line with its 5-year average of 83.2x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.9x, the stock trades at a premium of 230%. On a free-cash-flow basis, the stock trades at 119.5x P/FCF, 258% above the 5-year average of 33.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $34.2B | $17.1B | $10.7B | $5.9B | $6.5B | $6.8B | $5.0B | $4.9B | $3.2B | $4.0B | $3.1B |
| Enterprise Value | $36.6B | $19.5B | $13.0B | $8.8B | $9.6B | $8.7B | $6.1B | $6.5B | $4.6B | $5.4B | $4.1B |
| P/E Ratio → | 85.46 | 42.87 | 66.09 | — | 203.17 | 20.74 | 15.57 | 12.41 | 12.44 | 11.60 | 23.76 |
| P/S Ratio | 2.39 | 1.20 | 0.87 | 0.49 | 0.66 | 0.86 | 0.80 | 0.68 | 0.47 | 0.61 | 0.61 |
| P/B Ratio | 10.23 | 5.13 | 3.59 | 2.16 | 2.37 | 2.68 | 2.50 | 2.71 | 2.32 | 2.81 | 2.80 |
| P/FCF | 119.53 | 59.87 | 11.04 | 11.88 | 73.09 | 10.95 | 6.95 | 11.48 | 9.26 | 122.67 | 35.19 |
| P/OCF | 62.59 | 31.35 | 9.57 | 8.54 | 18.45 | 8.60 | 5.36 | 8.84 | 6.11 | 25.79 | 15.14 |
P/E links to full P/E history page with 30-year chart
MTZ EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
MasTec, Inc.'s enterprise value stands at 33.9x EBITDA, 145% above its 5-year average of 13.8x. The Industrials sector median is 13.9x, placing the stock at a 144% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.36 | 1.05 | 0.74 | 0.99 | 1.10 | 0.96 | 0.90 | 0.67 | 0.81 | 0.80 |
| EV / EBITDA | 33.86 | 18.07 | 13.75 | 11.70 | 15.25 | 10.43 | 7.79 | 7.95 | 6.51 | 9.13 | 9.29 |
| EV / EBIT | 56.01 | 28.34 | 29.20 | 58.25 | 62.10 | 18.09 | 12.57 | 10.99 | 9.82 | 12.38 | 14.83 |
| EV / FCF | — | 68.28 | 13.33 | 17.88 | 108.44 | 14.04 | 8.42 | 15.25 | 13.20 | 163.10 | 46.34 |
MTZ Profitability
Margins and return-on-capital ratios measuring operating efficiency
MasTec, Inc. earns an operating margin of 4.6%, roughly in line with the Industrials sector average. Operating margins have expanded from 1.3% to 4.6% over the past 3 years, signaling improving operational efficiency. ROE of 12.6% is modest. ROIC of 8.9% represents adequate returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.6% | 9.6% | 13.2% | 6.6% | 12.2% | 14.4% | 16.6% | 12.2% | 14.0% | 13.0% | 13.5% |
| Operating Margin | 4.6% | 4.6% | 3.5% | 1.3% | 1.3% | 5.2% | — | 8.0% | 7.2% | 6.0% | 5.4% |
| Net Profit Margin | 2.8% | 2.8% | 1.3% | -0.4% | 0.3% | 4.1% | 5.1% | 5.5% | 3.8% | 5.3% | 2.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.6% | 12.6% | 5.7% | -1.8% | 1.3% | 14.4% | 17.0% | 24.6% | 18.4% | 27.3% | 12.8% |
| ROA | 4.2% | 4.2% | 1.8% | -0.5% | 0.4% | 5.3% | 6.3% | 8.3% | 6.1% | 9.6% | 4.3% |
| ROIC | 8.9% | 8.9% | 6.0% | 2.0% | 1.8% | 8.3% | — | 14.1% | 13.4% | 12.3% | 10.2% |
| ROCE | 10.2% | 10.2% | 7.0% | 2.3% | 2.1% | 9.1% | — | 16.7% | 15.8% | 14.6% | 12.2% |
MTZ Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
MasTec, Inc. carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (18% below the sector average of 3.2x). Net debt stands at $2.4B ($2.8B total debt minus $396M cash). Interest coverage of 4.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.84 | 0.84 | 0.88 | 1.28 | 1.28 | 0.90 | 0.74 | 0.93 | 1.01 | 0.95 | 0.92 |
| Debt / EBITDA | 2.59 | 2.59 | 2.79 | 4.63 | 5.56 | 2.72 | 1.91 | 2.05 | 1.99 | 2.33 | 2.32 |
| Net Debt / Equity | — | 0.72 | 0.75 | 1.09 | 1.15 | 0.76 | 0.53 | 0.89 | 0.99 | 0.93 | 0.89 |
| Net Debt / EBITDA | 2.23 | 2.23 | 2.37 | 3.93 | 4.97 | 2.29 | 1.37 | 1.96 | 1.95 | 2.26 | 2.24 |
| Debt / FCF | — | 8.41 | 2.29 | 6.00 | 35.35 | 3.09 | 1.48 | 3.77 | 3.95 | 40.43 | 11.16 |
| Interest Coverage | 3.98 | 3.98 | 2.30 | 0.65 | 1.38 | 9.05 | 8.13 | 7.63 | 5.69 | 7.09 | 5.45 |
MTZ Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.32x means MasTec, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.40x to 1.32x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.32 | 1.32 | 1.22 | 1.40 | 1.55 | 1.61 | 1.67 | 1.78 | 1.69 | 1.92 | 1.67 |
| Quick Ratio | 1.29 | 1.29 | 1.18 | 1.36 | 1.50 | 1.56 | 1.60 | 1.70 | 1.60 | 1.84 | 1.54 |
| Cash Ratio | 0.12 | 0.12 | 0.13 | 0.19 | 0.15 | 0.20 | 0.30 | 0.06 | 0.02 | 0.04 | 0.05 |
| Asset Turnover | — | 1.41 | 1.37 | 1.28 | 1.05 | 1.12 | 1.21 | 1.44 | 1.56 | 1.62 | 1.61 |
| Inventory Turnover | 115.00 | 115.00 | 99.45 | 103.65 | 72.78 | 73.50 | 58.80 | 63.01 | 52.23 | 74.62 | 40.01 |
| Days Sales Outstanding | — | 90.49 | 87.14 | 95.13 | 116.82 | 103.15 | 101.30 | 95.27 | 101.64 | 88.28 | 82.17 |
MTZ Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
MasTec, Inc. returns 0.2% to shareholders annually primarily through share buybacks. The earnings yield of 1.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.2% | 2.3% | 1.5% | — | 0.5% | 4.8% | 6.4% | 8.1% | 8.0% | 8.6% | 4.2% |
| FCF Yield | 0.8% | 1.7% | 9.1% | 8.4% | 1.4% | 9.1% | 14.4% | 8.7% | 10.8% | 0.8% | 2.8% |
| Buyback Yield | 0.2% | 0.5% | 0.0% | 0.0% | 1.3% | 0.0% | 2.4% | 0.1% | 9.7% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.2% | 0.5% | 0.0% | 0.0% | 1.3% | 0.0% | 2.4% | 0.1% | 9.7% | 0.0% | 0.0% |
| Shares Outstanding | — | $79M | $79M | $78M | $76M | $74M | $74M | $76M | $80M | $82M | $81M |
Peer Comparison
Compare MTZ with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MTZYou | $34B | 85.5 | 33.9 | 119.5 | 9.6% | 4.6% | 12.6% | 8.9% | 2.6 |
 PWR | $118B | 115.5 | 47.8 | 72.7 | 13.0% | 5.8% | 12.6% | 11.8% | 0.5 |
 WLDN | $1B | 21.7 | 17.9 | 15.8 | 37.5% | 6.5% | 19.5% | 11.5% | 1.1 |
 MYRG | $7B | 60.4 | 30.7 | 30.5 | 11.5% | 4.4% | 18.8% | 18.3% | 0.5 |
 PRIM | $5B | 20.2 | 12.3 | 16.1 | 10.7% | 5.5% | 17.8% | 13.6% | 2.5 |
 DY | $13B | 57.8 | 26.4 | 134.4 | 15.6% | 7.2% | 20.4% | 12.6% | 2.0 |
 ROAD | $7B | 73.3 | 23.2 | 48.7 | 15.6% | 8.5% | 13.7% | 10.3% | 4.4 |
 EME | $42B | 33.5 | 22.6 | 35.3 | 19.6% | 9.8% | 38.4% | 46.8% | 0.5 |
 STRL | $27B | 94.5 | 55.3 | 75.0 | 22.1% | 16.6% | 30.0% | 38.9% | 0.7 |
 TTEK | $8B | 33.3 | 13.4 | 18.4 | 17.7% | 11.1% | 13.7% | 17.4% | 1.5 |
 KBR | $4B | 10.9 | 9.6 | 9.2 | 14.8% | 7.3% | 27.9% | 10.4% | 4.2 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
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Start ComparisonMTZ — Frequently Asked Questions
Quick answers to the most common questions about buying MTZ stock.
What is MasTec, Inc.'s P/E ratio?
MasTec, Inc.'s current P/E ratio is 85.5x. The historical average is 21.3x. This places it at the 100th percentile of its historical range.
What is MasTec, Inc.'s EV/EBITDA?
MasTec, Inc.'s current EV/EBITDA is 33.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.1x.
What is MasTec, Inc.'s ROE?
MasTec, Inc.'s return on equity (ROE) is 12.6%. The historical average is 6.3%.
Is MTZ stock overvalued?
Based on historical data, MasTec, Inc. is trading at a P/E of 85.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are MasTec, Inc.'s profit margins?
MasTec, Inc. has 9.6% gross margin and 4.6% operating margin.
How much debt does MasTec, Inc. have?
MasTec, Inc.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.