Earnings summaries and quarterly performance for MASTEC.
Executive leadership at MASTEC.
Board of directors at MASTEC.
Research analysts who have asked questions during MASTEC earnings calls.
Andrew Kaplowitz
Citigroup
4 questions for MTZ
Also covers: ACM, AOS, APG +29 more
AM
Ati Modak
Goldman Sachs
4 questions for MTZ
Also covers: AESI, AGX, AR +11 more
BB
Brian Brophy
Stifel Financial Corp
4 questions for MTZ
Also covers: CTOS, ECG, EME +12 more
DC
Drew Chamberlain
JPMorgan Chase & Co.
4 questions for MTZ
Also covers: AGX, ARRY, CTRI +3 more
Jamie Cook
Truist Securities
4 questions for MTZ
Also covers: ACM, AGCO, AME +18 more
JH
Justin Hauke
Robert W. Baird & Co.
4 questions for MTZ
Also covers: ABM, BBCP, BWMN +10 more
SJ
Sangita Jain
KeyBanc Capital Markets
4 questions for MTZ
Also covers: ACM, CTRI, DY +10 more
AT
Adam Thalhimer
Thompson, Davis & Company, Inc.
3 questions for MTZ
Also covers: ACM, AZZ, CX +17 more
Brent Thielman
D.A. Davidson
3 questions for MTZ
Also covers: AAON, ACA, APOG +27 more
SF
Steven Fisher
UBS
3 questions for MTZ
Also covers: ACM, AGCO, BBCP +23 more
Liam Burke
B. Riley Financial
2 questions for MTZ
Also covers: ALTG, BWMN, CCEC +23 more
AJ
Avinatan Jaroslawicz
UBS
1 question for MTZ
Also covers: CMI, DY, PRIM +1 more
JO
Joseph Osha
Guggenheim Partners
1 question for MTZ
Also covers: AMRC, ARRY, CHPT +12 more
Julien Dumoulin-Smith
Jefferies
1 question for MTZ
Also covers: AEE, AEP, AES +60 more
KH
Kashy Harrison
Piper Sandler
1 question for MTZ
Also covers: AMRC, ARRY, BE +13 more
PS
Philip Shen
ROTH MKM
1 question for MTZ
Also covers: ARRY, CSIQ, DQ +13 more
Recent press releases and 8-K filings for MTZ.
MasTec Reports Strong Q4 and Full-Year 2025 Results, Issues Robust 2026 Guidance, and Announces Acquisitions
MTZ
Earnings
Guidance Update
M&A
- MasTec reported Q4 2025 revenue of just shy of $4 billion, a 16% year-over-year increase, bringing full-year 2025 revenue to $14.3 billion, also a 16% increase. Adjusted EBITDA for Q4 was $338 million, up 25%, and full-year EBITDA was $1.15 billion, up 14%. Adjusted EPS for Q4 was $2.07, a 44% increase.
- The company achieved significant backlog growth of over $4.5 billion for the full year, a 33% annual increase, with sequential backlog up over $2 billion, representing a 1.6x book-to-bill. This backlog includes nearly $1 billion of data center-related work.
- For full-year 2026, MasTec forecasts revenue of $17 billion, representing 19% growth, and Adjusted EBITDA of $1.45 billion, a 26% year-over-year profit growth with an 8.5% margin. Adjusted EPS is projected to be $8.40, an almost 30% increase from 2025.
- MasTec completed strategic acquisitions, including NV2A in Q4 2025 to enhance construction management capabilities for complex commercial projects and data centers, and McKee Utility Contractors in Q1 2026 to expand into the water infrastructure market.
6 hours ago
MasTec Reports Strong Q4 and Full-Year 2025 Results, Provides Optimistic 2026 Guidance
MTZ
Earnings
Guidance Update
New Projects/Investments
- MasTec reported Q4 2025 revenue of nearly $4 billion, a 16% year-over-year increase, contributing to a full-year 2025 revenue of $14.3 billion, also a 16% increase. Adjusted EBITDA for Q4 was $338 million, up 25%, and full-year Adjusted EBITDA reached $1.15 billion, a 14% increase. Adjusted earnings per share for Q4 was $2.07, a 44% increase.
- The company's backlog grew by $4.5 billion in 2025, a 33% annual increase, with sequential growth of over $2 billion. Notably, Clean Energy and Infrastructure backlog increased 53% year-over-year to $6.5 billion, and Power Delivery backlog increased 17% to $5.6 billion.
- For 2026, MasTec forecasts revenue of $17 billion, representing 19% growth, with organic growth expected in the mid-teens. Adjusted EBITDA is projected to be $1.45 billion, a 26% year-over-year profit growth, and Adjusted EPS is forecast at $8.40, an increase of almost 30%.
- Strategic developments include the acquisition of NV2A and McKee Utility Contractors in Q4 2025 and Q1 2026, respectively, enhancing construction management and water infrastructure capabilities. The company also secured nearly $1 billion in data center-related work in Q4 2025 and received the go-ahead to restart a portion of the Greenlink project.
- MasTec is committed to margin optimization, with expectations for double-digit margins in communications, approximately 100 basis point improvement in power delivery and pipeline, and stable margins in clean energy and infrastructure for 2026.
7 hours ago
MasTec Reports Strong Q4 and Full-Year 2025 Financial Results
MTZ
Earnings
Guidance Update
M&A
- MasTec reported Q4 2025 revenue of $4 billion, a 16% year-over-year increase, bringing the full-year 2025 revenue to $14.3 billion, also a 16% increase. Adjusted EBITDA for Q4 was $338 million, a 25% year-over-year increase, and full-year adjusted EBITDA was $1.15 billion, up 14%.
- The company's backlog grew significantly, increasing by over $4.5 billion (33% annually) for the full year and over $2 billion sequentially, achieving a 1.6 times book-to-bill. This backlog includes nearly $1 billion of data center-related work.
- MasTec made strategic acquisitions, including NV2A in Q4 2025, a construction management services firm, and McKee Utility Contractors in Q1 2026, a water infrastructure service provider.
- Segment performance was strong, with Communications revenue increasing 23% year-over-year in Q4 and Power Delivery revenue growing 13%. The Power Delivery segment's backlog reached a new record of $5.6 billion.
- Management expressed high confidence in the 2026 growth trajectory, anticipating strong organic growth across segments and aiming for double-digit consolidated EBITDA margins in the midterm.
7 hours ago
MasTec Announces Q4 and Full Year 2025 Results and Provides 2026 Guidance
MTZ
Earnings
Guidance Update
Revenue Acceleration/Inflection
- MasTec reported Fiscal Year 2025 revenue of $14.3 billion, a 16% year-over-year increase, with Adjusted EBITDA of $1.15 billion and Adjusted Diluted EPS of $6.55. The company also achieved a record total backlog of $19.0 billion at year-end, representing a 33% year-over-year growth.
- For Q4 2025, MasTec's Adjusted EBITDA was $338.2 million and Adjusted Diluted EPS was $2.07.
- Looking ahead, MasTec provided Full Year 2026 guidance, projecting revenue of $17.0 billion, Adjusted EBITDA of $1.45 billion, and Adjusted Diluted EPS of $8.40. The company anticipates 2026 cash flow from operations to exceed $1 billion and expects leverage to be in the low 1x range.
1 day ago
MasTec Reports Record 2025 Results and Raises 2026 Guidance
MTZ
Earnings
Guidance Update
Revenue Acceleration/Inflection
- MasTec reported record fourth-quarter and full-year 2025 results, with Q4 revenue of approximately $3.94 billion and full-year adjusted EBITDA of roughly $1.2 billion, beating consensus on both revenue and adjusted EPS of $2.07 for Q4.
- The company provided stronger-than-expected near-term revenue guidance for Q1 2026 (midpoint ~$3.48 billion) and raised its FY 2026 revenue guidance to a midpoint of roughly $17 billion with adjusted EPS guidance of $8.40.
- MasTec's backlog at quarter end was $18.96 billion, marking a 32.6% year-over-year increase.
- Despite strong growth, free-cash-flow margins weakened to about 9.5% in Q4 2025 from 12.4% in the year-ago quarter, and the company's valuation is considered rich with a trailing P/E around 68.9.
1 day ago
MasTec Reports Record Q4 and Full Year 2025 Results, Exceeding Guidance, and Provides Initial 2026 Guidance
MTZ
Earnings
Guidance Update
Revenue Acceleration/Inflection
- MasTec reported record fourth quarter 2025 revenue of $3.9 billion, a 16% increase year-over-year, and full year 2025 revenue of $14.3 billion, also up 16% year-over-year, both exceeding guidance expectations.
- Adjusted Diluted EPS for Q4 2025 was $2.07, a 44% increase year-over-year, and for the full year 2025 was $6.55, a 66% increase year-over-year, surpassing guidance expectations.
- The company achieved a record 18-month backlog of $19.0 billion at year-end 2025, representing a 33% increase year-over-year.
- For full year 2026, MasTec provided guidance expecting revenue of $17.0 billion and Adjusted Diluted EPS of $8.40.
1 day ago
MasTec Reports Record Q4 and Full Year 2025 Financial Results and Issues Initial 2026 Guidance
MTZ
Earnings
Guidance Update
Revenue Acceleration/Inflection
- MasTec reported record fourth quarter 2025 revenue of $3.9 billion, a 16% increase year-over-year, and full year 2025 revenue of $14.3 billion, also up 16% year-over-year.
- For the full year 2025, Diluted EPS reached $5.07, a 146% increase year-over-year, and Adjusted Diluted EPS was $6.55, up 66% year-over-year.
- The company achieved a record 18-month backlog of $19.0 billion at year-end 2025, marking a 33% increase year-over-year.
- MasTec provided initial 2026 guidance, projecting strong 19% revenue growth and 26% Adjusted EBITDA growth year-over-year, with Adjusted diluted earnings per share expected to be $8.40.
1 day ago
MasTec Reports Strong Q3 2025 Results and Updates 2025/2026 Guidance
MTZ
Earnings
Guidance Update
Revenue Acceleration/Inflection
- MasTec reported strong Q3 2025 results, with revenue just shy of $4 billion, a 22% year-over-year increase, and adjusted EBITDA of $374 million, a 20% year-over-year increase. Adjusted earnings per share was $2.48.
- The company achieved a record backlog of $16.8 billion at quarter-end, marking a 21% year-over-year increase and a sequential increase of approximately $325 million.
- Segment performance was robust, with Communications revenue growing 33% year-over-year to $915 million, Clean Energy & Infrastructure revenue increasing 20% year-over-year to $1.4 billion, and Power Delivery revenue growing 17% year-over-year.
- MasTec updated its 2025 adjusted EPS forecast to $6.40, a 62% increase over 2024, and anticipates cash flow from operations between $700 million and $750 million for the year.
- For 2026, the company is comfortable with consensus estimates projecting 10% revenue growth, 20% EBITDA growth, and EPS north of $8 per share.
Oct 31, 2025, 1:00 PM
MasTec Reports Q3 2025 Results and Issues Full-Year 2025 Guidance
MTZ
Earnings
Guidance Update
- For Q3 2025, MasTec reported adjusted diluted earnings per share of $2.48 and Adjusted EBITDA of $373.5 million.
- The company provided full-year 2025 guidance, projecting adjusted diluted earnings per share of $6.40 and Adjusted EBITDA of $1,135 million.
- As of September 30, 2025, MasTec's leverage ratio was 2.0x.
Oct 31, 2025, 1:00 PM
MasTec Reports Record Q3 2025 Results and Updates Full Year 2025 Guidance
MTZ
Earnings
Guidance Update
Revenue Acceleration/Inflection
- MasTec reported record quarterly revenue of $4.0 billion in Q3 2025, marking a 22% year-over-year increase with double-digit growth from all segments.
- For Q3 2025, Diluted EPS increased by 69% to $2.04 and Adjusted Diluted EPS rose by 48% to $2.48, both exceeding guidance expectations.
- The company achieved record GAAP Net Income of $166.5 million and Adjusted EBITDA of $373.5 million in Q3 2025, representing year-over-year increases of 58% and 20%, respectively.
- MasTec's 18-month backlog reached a record $16.8 billion as of September 30, 2025, up 21% year-over-year.
- The company updated its full-year 2025 guidance, projecting Diluted EPS of $4.80 (a 133% year-over-year increase) and Adjusted Diluted EPS of $6.40 (a 62% year-over-year increase).
Oct 30, 2025, 8:27 PM
Quarterly earnings call transcripts for MASTEC.
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