MasTec (MTZ) Financials

$156.24 +1.04 (+0.67%)

Closing price 03:59 PM Eastern

Extended Trading

$156.07 -0.16 (-0.10%)

As of 07:30 PM Eastern

Annual Income Statements for MasTec

This table shows MasTec's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	163	-50	33	329	323	392	260	347	131	-79
Consolidated Net Income / (Loss)	199	-47	34	331	323	394	259	349	134	-80
Net Income / (Loss) Continuing Operations	199	-47	34	331	323	394	259	349	134	-80
Total Pre-Tax Income	251	-83	43	430	425	511	365	372	226	-68
Total Operating Income	436	80	125	416	449	588	422	399	266	-27
Total Gross Profit	1,627	1,382	1,192	1,146	1,050	1,113	970	862	693	487
Total Revenue	12,303	11,996	9,778	7,952	6,321	7,183	6,909	6,607	5,135	4,208
Operating Revenue	12,303	11,996	9,778	7,952	6,321	7,183	6,909	6,607	5,135	4,208
Total Cost of Revenue	10,676	10,614	8,586	6,806	5,271	6,070	5,939	5,745	4,442	3,721
Operating Cost of Revenue	10,676	10,614	8,586	6,806	5,271	6,070	5,939	5,745	4,442	3,721
Total Operating Expenses	1,191	1,302	1,067	730	601	525	548	463	426	514
Selling, General & Admin Expense	685	699	559	307	303	286	287	275	261	266
Depreciation Expense	367	434	371	346	259	212	192	188	165	170
Amortization Expense	140	169	136	77	39	23	21	-	-	-
Total Other Income / (Expense), net	-185	-163	-82	14	-24	-77	-57	-27	-40	-41
Interest Expense	205	234	112	53	65	77	83	61	51	48
Interest & Investment Income	30	31	29	34	30	27	24	21	3.53	-7.98
Other Income / (Expense), net	-11	41	1.36	33	11	-27	1.78	13	6.80	15
Income Tax Expense	52	-35	9.17	99	102	117	106	23	92	12
Net Income / (Loss) Attributable to Noncontrolling Interest	37	2.65	0.53	1.90	-0.15	1.76	-0.43	1.67	2.77	-0.59
Basic Earnings per Share	$2.09	($0.64)	$0.45	$4.54	$4.43	$5.22	$3.30	$4.29	$1.63	($0.98)
Weighted Average Basic Shares Outstanding	78.05M	77.54M	74.92M	72.50M	72.80M	75.19M	78.70M	80.90M	80.37M	80.49M
Diluted Earnings per Share	$2.06	($0.64)	$0.42	$4.45	$4.38	$5.17	$3.26	$4.22	$1.61	($0.98)
Weighted Average Diluted Shares Outstanding	78.88M	77.54M	76.19M	73.94M	73.72M	75.85M	79.77M	82.33M	81.39M	80.49M
Weighted Average Basic & Diluted Shares Outstanding	79.29M	79.28M	78.79M	76.43M	74.21M	76.58M	78.70M	80.90M	80.50M	80.70M

This table shows MasTec's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	9.90	75	95	34	-41	0.75	14	16	-81	3.22	49
Consolidated Net Income / (Loss)	12	85	105	44	-34	1.19	15	17	-81	3.37	49
Net Income / (Loss) Continuing Operations	12	85	105	44	-34	1.19	15	17	-81	3.37	49
Total Pre-Tax Income	8.94	96	137	63	-46	0.01	23	20	-125	13	60
Total Operating Income	36	138	180	118	0.52	38	62	68	-88	54	81
Total Gross Profit	311	437	463	421	307	368	400	389	225	371	326
Total Revenue	2,848	3,403	3,252	2,961	2,687	3,280	3,257	2,874	2,585	3,008	2,513
Operating Revenue	2,848	3,403	3,252	2,961	2,687	3,280	3,257	2,874	2,585	3,008	2,513
Total Cost of Revenue	2,537	2,967	2,789	2,540	2,380	2,912	2,857	2,485	2,359	2,637	2,188
Operating Cost of Revenue	2,537	2,967	2,789	2,540	2,380	2,912	2,857	2,485	2,359	2,637	2,188
Total Operating Expenses	275	298	283	303	307	330	338	321	313	318	244
Selling, General & Admin Expense	166	183	169	167	166	178	181	176	164	155	125
Depreciation Expense	76	77	80	102	107	109	115	103	107	108	91
Amortization Expense	33	38	34	34	34	43	42	42	42	55	28
Total Other Income / (Expense), net	-27	-42	-43	-55	-46	-38	-39	-48	-37	-41	-21
Interest Expense	39	44	47	62	52	60	63	59	53	50	27
Interest & Investment Income	10	8.08	7.04	5.89	9.22	7.26	6.79	7.50	9.15	9.41	6.06
Other Income / (Expense), net	1.60	-6.37	-2.75	1.33	-3.21	15	17	3.51	6.20	-0.54	-0.17
Income Tax Expense	-3.38	12	32	19	-11	-1.18	7.57	2.93	-45	9.24	11
Net Income / (Loss) Attributable to Noncontrolling Interest	2.42	9.96	10	9.78	6.72	0.44	1.01	1.21	-0.01	0.15	0.33
Basic Earnings per Share	$0.13	$0.96	$1.22	$0.44	($0.53)	$0.03	$0.18	$0.20	($1.05)	$0.04	$0.66
Weighted Average Basic Shares Outstanding	78.19M	78.05M	78.04M	78.04M	77.94M	77.54M	77.64M	77.64M	76.98M	74.92M	73.94M
Diluted Earnings per Share	$0.13	$0.95	$1.21	$0.43	($0.53)	$0.03	$0.18	$0.20	($1.05)	$0.04	$0.65
Weighted Average Diluted Shares Outstanding	79.05M	78.88M	78.91M	78.86M	77.94M	77.54M	78.46M	78.37M	76.98M	76.19M	75.07M
Weighted Average Basic & Diluted Shares Outstanding	78.90M	79.29M	79.23M	79.22M	79.46M	79.28M	78.82M	78.86M	78.86M	78.79M	78.23M

This table details how cash moves in and out of MasTec's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-130	159	9.86	-62	352	44	-13	1.56	34	-19
Net Cash From Operating Activities	1,122	687	352	793	937	550	530	144	206	367
Net Cash From Continuing Operating Activities	1,122	687	352	793	937	550	530	144	206	367
Net Income / (Loss) Continuing Operations	199	-47	34	331	323	394	259	349	134	-80
Consolidated Net Income / (Loss)	199	-47	34	331	323	394	259	349	134	-80
Depreciation Expense	367	434	371	346	259	212	192	188	165	170
Amortization Expense	145	175	140	80	42	26	23	3.10	2.99	2.63
Non-Cash Adjustments To Reconcile Net Income	211	-64	-341	-7.69	61	214	-297	-4.39	18	92
Changes in Operating Assets and Liabilities, net	199	190	148	44	253	-296	352	-392	-115	183
Net Cash From Investing Activities	-157	-178	-821	-1,357	-217	-262	-182	-273	-141	-129
Net Cash From Continuing Investing Activities	-157	-178	-821	-1,357	-217	-262	-182	-273	-141	-129
Purchase of Property, Plant & Equipment	-149	-193	-263	-170	-214	-126	-180	-123	-117	-84
Acquisitions	-80	-69	-636	-1,245	-25	-179	-6.68	-116	-4.10	-0.15
Purchase of Investments	-0.80	-1.90	-3.98	-10.00	-17	-5.59	-39	-77	-32	-127
Sale of Property, Plant & Equipment	66	84	81	65	37	35	39	20	11	14
Sale and/or Maturity of Investments	1.50	0.43	0.40	0.56	0.65	15	5.42	24	1.13	69
Other Investing Activities, net	4.56	1.63	0.04	1.65	1.84	0.00	0.00	-	-	-
Net Cash From Financing Activities	-1,090	-351	481	502	-370	-245	-361	130	-29	-259
Net Cash From Continuing Financing Activities	-1,090	-351	481	502	-370	-245	-361	130	-29	-259
Repayment of Debt	-5,512	-4,515	-3,264	-806	-2,153	-3,147	-3,377	-2,467	-1,696	-1,815
Repurchase of Common Equity	0.00	0.00	-81	0.00	-120	-5.65	-314	-1.55	0.00	-100
Payment of Dividends	-33	-14	-0.73	-8.97	-0.72	0.58	-0.56	-23	0.00	0.00
Issuance of Debt	4,649	4,378	4,065	1,503	2,035	3,026	3,418	2,699	1,682	1,702
Other Financing Activities, net	-194	-200	-238	-187	-138	-123	-92	-81	-20	-48
Other Net Changes in Cash	-3.56	0.75	-2.16	-	-	-	-	-	-	-
Cash Interest Paid	195	238	106	62	65	85	81	59	48	47
Cash Income Taxes Paid	44	9.61	8.60	69	65	106	-21	79	59	2.54

This table details how cash moves in and out of MasTec's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-54	219	-116	48	-280	315	94	-22	-229	275	-43
Net Cash From Operating Activities	78	472	278	264	108	491	294	-12	-86	234	117
Net Cash From Continuing Operating Activities	78	472	278	264	108	491	294	-12	-86	234	117
Net Income / (Loss) Continuing Operations	12	85	105	44	-34	1.19	15	17	-81	3.37	49
Consolidated Net Income / (Loss)	12	85	105	44	-34	1.19	15	17	-81	3.37	49
Depreciation Expense	76	77	80	102	107	109	115	103	107	108	91
Amortization Expense	34	40	36	35	35	44	44	44	43	56	29
Non-Cash Adjustments To Reconcile Net Income	29	93	-121	56	183	195	-148	-82	-29	63	-106
Changes in Operating Assets and Liabilities, net	-73	177	177	27	-183	142	269	-93	-128	3.01	54
Net Cash From Investing Activities	-35	-77	-56	-11	-13	-6.38	-30	-52	-89	-579	-22
Net Cash From Continuing Investing Activities	-35	-77	-56	-11	-13	-6.38	-30	-52	-89	-579	-22
Purchase of Property, Plant & Equipment	-47	-48	-44	-31	-25	-36	-38	-56	-63	-50	-23
Acquisitions	-4.73	-46	-34	-	-0.06	-0.57	-4.94	-17	-47	-564	-27
Purchase of Investments	0.00	-0.22	0.30	-0.82	-0.06	-	-0.27	-1.42	-0.21	-0.26	-0.76
Sale of Property, Plant & Equipment	14	17	18	20	11	28	13	23	20	34	29
Sale and/or Maturity of Investments	2.65	-	1.50	-	0.00	-	-	-	0.43	0.40	-
Other Investing Activities, net	0.58	0.95	1.30	0.65	1.65	1.59	-0.08	-0.08	0.20	0.04	-
Net Cash From Financing Activities	-98	-174	-337	-204	-375	-169	-169	41	-53	620	-136
Net Cash From Continuing Financing Activities	-98	-174	-337	-204	-375	-169	-169	41	-53	620	-136
Repayment of Debt	-535	-1,107	-1,257	-1,956	-1,192	-1,241	-1,691	-674	-910	-816	-704
Repurchase of Common Equity	-27	-	-	-	-	-	-	-	-	-	-
Payment of Dividends	-6.99	-9.44	-11	-5.80	-6.84	-2.82	-	-	-12	-0.73	-
Issuance of Debt	517	996	995	1,795	863	1,122	1,569	769	918	1,487	623
Other Financing Activities, net	-45	-53	-64	-37	-39	-47	-48	-54	-50	-50	-56
Effect of Exchange Rate Changes	0.08	-	-	-	-0.13	-	-0.56	-	-	-	-2.22
Cash Interest Paid	45	44	46	43	62	50	75	53	59	37	35
Cash Income Taxes Paid	-2.07	-1.48	0.44	49	-3.79	-5.42	1.08	15	-0.94	6.78	0.52

This table presents MasTec's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	8,975	9,374	9,293	7,121	5,228	4,997	4,440	4,067	3,183	2,927
Total Current Assets	3,653	3,974	3,859	2,874	2,359	2,174	2,169	40	1,402	1,130
Cash & Equivalents	400	530	371	361	423	71	27	40	39	4.98
Accounts Receivable	1,381	1,370	1,400	1,019	784	850	671	-	1,156	911
Inventories, net	107	108	118	93	90	100	114	-	111	91
Prepaid Expenses	119	106	122	91	61	52	57	-	42	55
Other Current Assets	1,645	1,861	1,849	1,310	1,001	1,100	1,300	-	55	68
Plant, Property, & Equipment, net	1,549	1,651	1,754	0.00	0.00	906	748	0.00	549	559
Total Noncurrent Assets	3,774	3,748	3,680	4,247	2,869	1,919	1,523	1,329	1,232	1,239
Goodwill	2,203	2,126	2,045	1,521	1,243	1,221	1,100	1,138	996	989
Intangible Assets	727	784	946	670	184	212	169	191	180	199
Other Noncurrent Operating Assets	843	837	689	2,057	1,442	486	253	-	56	51
Total Liabilities & Shareholders' Equity	8,975	9,374	9,293	7,121	5,228	4,997	4,440	1,370	3,183	2,927
Total Liabilities	5,988	6,652	6,552	4,578	3,222	3,205	3,048	1,433	2,079	1,984
Total Current Liabilities	3,000	2,837	2,496	1,785	1,415	1,219	1,284	0.00	840	753
Short-Term Debt	186	177	172	138	145	118	83	-	65	77
Accounts Payable	1,106	1,243	1,110	663	571	535	670	-	364	349
Accrued Expenses	455	415	366	230	188	116	133	-	112	69
Current Deferred Revenue	736	481	406	314	228	206	232	-	161	149
Current Employee Benefit Liabilities	205	199	182	203	135	88	90	-	67	47
Other Current Liabilities	312	322	260	237	147	156	76	-	71	61
Total Noncurrent Liabilities	2,988	3,815	4,056	2,793	1,807	1,986	1,764	1,433	1,240	1,231
Long-Term Debt	2,038	2,888	3,052	1,876	1,158	1,314	1,324	-	961	933
Noncurrent Deferred & Payable Income Tax Liabilities	363	390	571	450	303	296	264	-	178	189
Other Noncurrent Operating Liabilities	587	537	432	466	347	376	176	1,433	100	110
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Total Equity & Noncontrolling Interests	2,987	2,721	2,741	2,544	2,006	1,792	1,392	-64	1,104	943
Total Preferred & Common Equity	2,912	2,706	2,737	2,540	2,002	1,787	1,390	-64	1,097	940
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Total Common Equity	2,912	2,706	2,737	2,540	2,002	1,787	1,390	-64	1,097	940
Common Stock	1,301	1,273	1,256	1,043	847	819	798	-	798	779
Retained Earnings	2,309	2,146	2,196	2,162	1,834	1,511	1,118	-	510	379
Treasury Stock	-657	-660	-664	-587	-587	-467	-466	-	-146	-146
Accumulated Other Comprehensive Income / (Loss)	-41	-53	-51	-79	-91	-76	-60	-64	-66	-72
Noncontrolling Interest	75	15	3.86	4.05	3.60	4.47	2.13	-	7.10	3.82

This table presents MasTec's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	8,862	8,763	8,679	8,745	9,530	9,288	9,055	7,476
Total Current Assets	3,546	3,573	3,477	3,445	4,039	3,829	3,657	3,114
Cash & Equivalents	346	181	298	249	214	120	142	96
Accounts Receivable	1,345	1,454	1,342	1,310	1,543	1,485	1,372	1,057
Inventories, net	115	101	108	112	129	153	165	128
Prepaid Expenses	121	90	101	102	82	101	123	87
Other Current Assets	1,619	1,747	1,628	1,671	2,070	1,970	1,855	1,747
Plant, Property, & Equipment, net	1,583	1,519	1,515	1,573	1,730	0.00	1,731	1,588
Total Noncurrent Assets	3,733	3,671	3,687	3,727	3,761	5,459	3,668	2,773
Goodwill	2,205	2,136	2,126	2,126	2,119	2,080	2,066	1,494
Intangible Assets	695	718	717	751	821	863	904	638
Other Noncurrent Operating Assets	833	817	844	850	821	2,517	698	641
Total Liabilities & Shareholders' Equity	8,862	8,763	8,679	8,745	9,530	9,288	9,055	7,476
Total Liabilities	5,907	5,934	5,945	6,055	6,816	6,599	6,408	4,929
Total Current Liabilities	2,910	2,888	2,748	2,633	2,811	2,441	2,379	1,986
Short-Term Debt	192	185	201	181	175	169	167	157
Accounts Payable	986	1,041	994	965	1,214	930	926	935
Accrued Expenses	425	427	403	398	331	351	331	227
Current Deferred Revenue	766	708	621	549	-	487	-	-
Current Employee Benefit Liabilities	256	234	192	216	248	180	198	225
Other Current Liabilities	285	292	336	325	842	323	757	443
Total Noncurrent Liabilities	2,997	3,047	3,197	3,422	4,005	4,159	4,029	2,943
Long-Term Debt	2,042	2,139	2,360	2,537	3,030	3,155	3,046	2,068
Noncurrent Deferred & Payable Income Tax Liabilities	349	381	326	347	455	521	536	471
Other Noncurrent Operating Liabilities	606	527	511	537	520	483	448	404
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,955	2,829	2,734	2,690	2,714	2,688	2,648	2,547
Total Preferred & Common Equity	2,884	2,810	2,714	2,674	2,703	2,679	2,646	2,542
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,884	2,810	2,714	2,674	2,703	2,679	2,646	2,542
Common Stock	1,304	1,295	1,287	1,280	1,264	1,257	1,245	1,065
Retained Earnings	2,318	2,234	2,139	2,105	2,145	2,131	2,115	2,193
Treasury Stock	-694	-660	-660	-660	-660	-660	-660	-664
Accumulated Other Comprehensive Income / (Loss)	-44	-59	-52	-51	-46	-49	-54	-51
Noncontrolling Interest	71	19	20	16	10	9.37	1.33	4.44

This table displays calculated financial ratios and metrics derived from MasTec's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.56%	22.68%	22.97%	25.80%	-12.00%	3.96%	4.58%	28.67%	22.01%	-8.75%
EBITDA Growth	28.42%	14.46%	-27.16%	15.01%	-4.75%	24.98%	6.11%	36.68%	174.58%	-60.96%
EBIT Growth	251.51%	-4.33%	-71.87%	-2.38%	-17.83%	32.21%	3.03%	50.73%	2,430.96%	-104.70%
NOPAT Growth	518.31%	-43.05%	-69.24%	-6.15%	-24.77%	51.31%	-19.87%	136.65%	930.86%	-112.83%
Net Income Growth	521.64%	-239.57%	-89.75%	2.49%	-18.12%	52.03%	-25.70%	160.29%	268.17%	-168.98%
EPS Growth	421.88%	-252.38%	-90.56%	1.60%	-15.28%	58.59%	-22.75%	162.11%	264.29%	-172.59%
Operating Cash Flow Growth	63.20%	95.08%	-55.58%	-15.38%	70.32%	3.83%	267.78%	-29.91%	-44.04%	13.75%
Free Cash Flow Firm Growth	101.18%	130.31%	-30.94%	-262.66%	760.15%	102.75%	-200.27%	16,110.44%	-95.35%	222.53%
Invested Capital Growth	-8.47%	-6.04%	33.29%	45.48%	-8.52%	13.80%	2,750.79%	-105.00%	7.30%	-15.59%
Revenue Q/Q Growth	1.01%	2.32%	13.98%	2.22%	-1.13%	-2.82%	4.77%	4.11%	6.52%	-4.62%
EBITDA Q/Q Growth	4.81%	-1.56%	2.34%	-4.96%	8.45%	5.17%	3.73%	-5.04%	74.51%	-40.42%
EBIT Q/Q Growth	22.97%	-0.53%	-25.12%	-12.59%	8.02%	6.39%	3.98%	-8.64%	217.45%	-112.24%
NOPAT Q/Q Growth	37.60%	-16.42%	-23.60%	-15.57%	1.48%	20.19%	-30.58%	38.08%	10,511.46%	-137.52%
Net Income Q/Q Growth	72.05%	-4.83%	-68.30%	-9.95%	3.94%	21.16%	-33.20%	42.92%	11,555.22%	-544.60%
EPS Q/Q Growth	80.70%	-1.59%	-70.42%	-9.92%	4.78%	21.65%	-32.22%	45.02%	7,950.00%	-566.67%
Operating Cash Flow Q/Q Growth	-1.67%	59.76%	-14.63%	5.30%	18.33%	-41.74%	11,841.32%	-41.16%	-12.12%	-26.90%
Free Cash Flow Firm Q/Q Growth	-19.62%	140.91%	-29.83%	-342.39%	74.03%	-88.46%	-1,050.47%	1,299.78%	-89.75%	104.15%
Invested Capital Q/Q Growth	-3.21%	-7.85%	19.67%	18.38%	-1.94%	6.67%	-13.22%	-104.12%	1.84%	-11.67%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.23%	11.52%	12.19%	14.41%	16.61%	15.49%	14.04%	13.04%	13.49%	11.57%
EBITDA Margin	7.62%	6.09%	6.52%	11.01%	12.05%	11.13%	9.26%	9.12%	8.59%	3.82%
Operating Margin	3.55%	0.67%	1.28%	5.23%	7.11%	8.18%	6.11%	6.03%	5.18%	-0.65%
EBIT Margin	3.46%	1.01%	1.29%	5.65%	7.29%	7.80%	6.14%	6.23%	5.32%	-0.28%
Profit (Net Income) Margin	1.62%	-0.39%	0.35%	4.16%	5.11%	5.49%	3.75%	5.28%	2.61%	-1.89%
Tax Burden Percent	79.46%	57.19%	78.70%	76.90%	75.90%	77.13%	70.96%	93.83%	59.36%	117.65%
Interest Burden Percent	59.00%	-68.35%	34.04%	95.64%	92.30%	91.14%	86.15%	90.35%	82.71%	578.38%
Effective Tax Rate	20.54%	0.00%	21.30%	23.10%	24.10%	22.87%	29.04%	6.17%	40.64%	0.00%
Return on Invested Capital (ROIC)	6.89%	1.03%	2.01%	9.04%	11.30%	15.30%	22.47%	37.65%	7.82%	-0.89%
ROIC Less NNEP Spread (ROIC-NNEP)	0.13%	-2.80%	-0.85%	9.88%	9.66%	10.98%	16.43%	32.36%	5.42%	-6.50%
Return on Net Nonoperating Assets (RNNOA)	0.10%	-2.77%	-0.73%	5.50%	5.70%	9.45%	16.56%	29.45%	5.27%	-6.73%
Return on Equity (ROE)	6.99%	-1.73%	1.28%	14.54%	17.00%	24.76%	39.03%	67.10%	13.10%	-7.62%
Cash Return on Invested Capital (CROIC)	15.74%	7.26%	-26.53%	-28.01%	20.20%	2.39%	-92.96%	0.00%	0.78%	16.02%
Operating Return on Assets (OROA)	4.64%	1.30%	1.54%	7.28%	9.01%	11.88%	9.97%	11.35%	8.94%	-0.36%
Return on Assets (ROA)	2.17%	-0.51%	0.41%	5.36%	6.31%	8.35%	6.09%	9.62%	4.39%	-2.46%
Return on Common Equity (ROCE)	6.88%	-1.73%	1.28%	14.52%	16.96%	24.71%	38.97%	66.64%	13.03%	-7.59%
Return on Equity Simple (ROE_SIMPLE)	6.85%	-1.75%	1.24%	13.02%	16.12%	22.05%	18.65%	-547.60%	12.22%	-8.48%
Net Operating Profit after Tax (NOPAT)	347	56	98	320	341	453	300	374	158	-19
NOPAT Margin	2.82%	0.47%	1.01%	4.03%	5.40%	6.31%	4.34%	5.66%	3.08%	-0.45%
Net Nonoperating Expense Percent (NNEP)	6.76%	3.84%	2.87%	-0.84%	1.64%	4.32%	6.04%	5.30%	2.41%	5.60%
Return On Investment Capital (ROIC_SIMPLE)	6.65%	0.97%	1.65%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	86.77%	88.48%	87.81%	85.59%	83.39%	84.51%	85.96%	86.96%	86.51%	88.43%
SG&A Expenses to Revenue	5.56%	5.83%	5.72%	3.86%	4.79%	3.99%	4.16%	4.16%	5.09%	6.32%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.68%	10.85%	10.91%	9.18%	9.50%	7.31%	7.93%	7.01%	8.30%	12.22%
Earnings before Interest and Taxes (EBIT)	425	121	126	450	461	561	424	412	273	-12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	937	730	638	876	761	799	640	603	441	161
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.70	2.21	2.44	2.70	2.52	2.74	2.30	0.00	2.87	1.48
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	19.65	8.76	13.82	26.55	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.88	0.50	0.68	0.86	0.80	0.68	0.46	0.61	0.61	0.33
Price to Earnings (P/E)	66.26	0.00	200.15	20.85	15.60	12.48	12.29	11.67	24.01	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.51%	0.00%	0.50%	4.80%	6.41%	8.01%	8.14%	8.57%	4.17%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.64	1.62	1.70	2.03	2.05	1.99	1.65	0.00	1.98	1.23
Enterprise Value to Revenue (EV/Rev)	1.03	0.71	0.98	1.07	0.94	0.87	0.66	0.61	0.81	0.57
Enterprise Value to EBITDA (EV/EBITDA)	13.53	11.67	14.95	9.72	7.77	7.84	7.15	6.66	9.40	14.93
Enterprise Value to EBIT (EV/EBIT)	29.83	70.41	75.37	18.93	12.85	11.17	10.78	9.75	15.18	0.00
Enterprise Value to NOPAT (EV/NOPAT)	36.59	151.92	96.81	26.60	17.36	13.81	15.26	10.73	26.24	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	11.31	12.40	27.06	10.74	6.32	11.38	8.63	27.83	20.16	6.53
Enterprise Value to Free Cash Flow (EV/FCFF)	16.01	21.63	0.00	0.00	9.71	88.33	0.00	1.56	261.56	7.03
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.74	1.13	1.18	0.79	0.65	0.80	1.01	0.00	0.93	1.07
Long-Term Debt to Equity	0.68	1.06	1.11	0.74	0.58	0.73	0.95	0.00	0.87	0.99
Financial Leverage	0.76	0.99	0.85	0.56	0.59	0.86	1.01	0.91	0.97	1.04
Leverage Ratio	3.21	3.42	3.11	2.71	2.69	2.96	6.40	6.97	2.99	3.10
Compound Leverage Factor	1.90	-2.34	1.06	2.60	2.49	2.70	5.52	6.30	2.47	17.95
Debt to Total Capital	42.68%	52.97%	54.05%	44.19%	39.38%	44.43%	50.27%	0.00%	48.18%	51.71%
Short-Term Debt to Total Capital	3.57%	3.06%	2.88%	3.03%	4.39%	3.67%	2.95%	0.00%	3.03%	3.96%
Long-Term Debt to Total Capital	39.11%	49.91%	51.17%	41.16%	34.99%	40.76%	47.31%	0.00%	45.14%	47.75%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.45%	0.26%	0.06%	0.09%	0.11%	0.14%	0.08%	0.00%	0.33%	0.20%
Common Equity to Total Capital	55.87%	46.77%	45.89%	55.72%	60.51%	55.43%	49.66%	100.00%	51.49%	48.09%
Debt to EBITDA	2.37	4.20	5.06	2.30	1.71	1.79	2.20	0.00	2.33	6.29
Net Debt to EBITDA	1.95	3.47	4.47	1.89	1.16	1.70	2.16	0.00	2.24	6.26
Long-Term Debt to EBITDA	2.17	3.96	4.79	2.14	1.52	1.64	2.07	0.00	2.18	5.81
Debt to NOPAT	6.41	54.66	32.74	6.29	3.82	3.16	4.70	0.00	6.49	-53.12
Net Debt to NOPAT	5.26	45.22	28.98	5.17	2.58	3.00	4.60	0.00	6.25	-52.86
Long-Term Debt to NOPAT	5.88	51.50	31.00	5.86	3.39	2.90	4.42	0.00	6.08	-49.05
Altman Z-Score	3.06	2.33	2.22	2.83	3.15	3.38	3.09	3.67	3.24	2.18
Noncontrolling Interest Sharing Ratio	1.59%	0.35%	0.15%	0.17%	0.21%	0.21%	0.16%	0.68%	0.53%	0.39%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.22	1.40	1.55	1.61	1.67	1.78	1.69	0.00	1.67	1.50
Quick Ratio	0.59	0.67	0.71	0.77	0.85	0.76	0.54	0.00	1.42	1.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	792	394	-1,299	-992	610	71	-2,576	2,569	16	341
Operating Cash Flow to CapEx	1,354.34%	631.51%	193.70%	756.90%	530.51%	601.67%	375.69%	139.29%	194.18%	521.32%
Free Cash Flow to Firm to Interest Expense	3.87	1.68	-11.57	-18.57	9.35	0.92	-31.20	42.11	0.31	7.09
Operating Cash Flow to Interest Expense	5.48	2.93	3.14	14.85	14.38	7.14	6.42	2.36	4.05	7.65
Operating Cash Flow Less CapEx to Interest Expense	5.08	2.47	1.52	12.89	11.67	5.96	4.71	0.67	1.97	6.18
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.34	1.29	1.19	1.29	1.24	1.52	1.62	1.82	1.68	1.30
Accounts Receivable Turnover	8.94	8.66	8.08	8.82	7.73	9.44	0.00	0.00	4.97	3.80
Inventory Turnover	99.09	93.88	81.56	74.69	55.57	56.79	0.00	0.00	44.06	36.59
Fixed Asset Turnover	7.69	7.04	0.00	0.00	0.00	8.69	0.00	0.00	9.27	7.12
Accounts Payable Turnover	9.09	9.02	9.69	11.03	9.53	10.08	0.00	0.00	12.47	8.93
Days Sales Outstanding (DSO)	40.81	42.14	45.15	41.40	47.20	38.66	0.00	0.00	73.47	96.04
Days Inventory Outstanding (DIO)	3.68	3.89	4.48	4.89	6.57	6.43	0.00	0.00	8.28	9.98
Days Payable Outstanding (DPO)	40.14	40.45	37.68	33.10	38.30	36.22	0.00	0.00	29.26	40.90
Cash Conversion Cycle (CCC)	4.35	5.58	11.94	13.19	15.46	8.87	0.00	0.00	52.49	65.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,812	5,257	5,595	4,197	2,885	3,154	2,771	-105	2,091	1,949
Invested Capital Turnover	2.44	2.21	2.00	2.25	2.09	2.42	5.18	6.65	2.54	1.98
Increase / (Decrease) in Invested Capital	-445	-338	1,397	1,312	-269	382	2,876	-2,195	142	-360
Enterprise Value (EV)	12,687	8,519	9,533	8,514	5,919	6,263	4,573	4,011	4,146	2,398
Market Capitalization	10,787	5,968	6,676	6,857	5,036	4,897	3,191	4,051	3,151	1,388
Book Value per Share	$36.75	$34.33	$34.99	$35.03	$27.10	$23.41	$17.67	($0.77)	$13.31	$11.76
Tangible Book Value per Share	($0.23)	($2.59)	($3.25)	$4.81	$7.78	$4.64	$1.53	($16.83)	($0.96)	($3.11)
Total Capital	5,211	5,787	5,965	4,558	3,308	3,224	2,799	-64	2,130	1,954
Total Debt	2,224	3,065	3,224	2,014	1,303	1,432	1,407	0.00	1,026	1,010
Total Long-Term Debt	2,038	2,888	3,052	1,876	1,158	1,314	1,324	0.00	961	933
Net Debt	1,824	2,536	2,854	1,653	880	1,361	1,379	-40	987	1,005
Capital Expenditures (CapEx)	83	109	182	105	177	91	141	103	106	70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	439	785	1,164	867	666	1,001	941	0.00	588	450
Debt-free Net Working Capital (DFNWC)	839	1,314	1,535	1,227	1,089	1,073	968	40	627	455
Net Working Capital (NWC)	653	1,137	1,363	1,089	944	954	885	40	562	377
Net Nonoperating Expense (NNE)	147	103	65	-11	18	59	40	25	24	61
Net Nonoperating Obligations (NNO)	1,824	2,536	2,854	1,653	880	1,362	1,379	-41	987	1,005
Total Depreciation and Amortization (D&A)	512	609	511	426	301	239	216	191	168	172
Debt-free, Cash-free Net Working Capital to Revenue	3.57%	6.54%	11.91%	10.90%	10.53%	13.94%	13.61%	0.00%	11.46%	10.68%
Debt-free Net Working Capital to Revenue	6.82%	10.96%	15.70%	15.43%	17.23%	14.94%	14.01%	0.61%	12.21%	10.80%
Net Working Capital to Revenue	5.31%	9.48%	13.94%	13.70%	14.93%	13.29%	12.81%	0.61%	10.95%	8.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.09	($0.64)	$0.45	$4.54	$4.43	$5.22	$3.30	$4.29	$1.63	($0.98)
Adjusted Weighted Average Basic Shares Outstanding	78.05M	77.54M	74.92M	72.50M	72.80M	75.19M	78.70M	80.90M	80.37M	80.49M
Adjusted Diluted Earnings per Share	$2.06	($0.64)	$0.42	$4.45	$4.38	$5.17	$3.26	$4.22	$1.61	($0.98)
Adjusted Weighted Average Diluted Shares Outstanding	78.88M	77.54M	76.19M	73.94M	73.72M	75.85M	79.77M	82.33M	81.39M	80.49M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	79.29M	79.28M	78.79M	76.43M	74.21M	76.58M	76.03M	82.82M	82.57M	80.16M
Normalized Net Operating Profit after Tax (NOPAT)	347	56	98	320	341	456	333	374	158	36
Normalized NOPAT Margin	2.82%	0.47%	1.01%	4.03%	5.40%	6.35%	4.83%	5.66%	3.08%	0.86%
Pre Tax Income Margin	2.04%	-0.69%	0.44%	5.41%	6.73%	7.11%	5.29%	5.63%	4.40%	-1.61%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.08	0.52	1.13	8.42	7.07	7.28	5.14	6.75	5.38	-0.24
NOPAT to Interest Expense	1.69	0.24	0.88	5.99	5.23	5.89	3.63	6.13	3.11	-0.40
EBIT Less CapEx to Interest Expense	1.67	0.05	-0.49	6.46	4.36	6.09	3.43	5.05	3.29	-1.71
NOPAT Less CapEx to Interest Expense	1.29	-0.23	-0.74	4.03	2.52	4.70	1.92	4.43	1.03	-1.86
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.52%	-30.61%	2.15%	2.71%	0.22%	-0.15%	0.22%	6.51%	0.00%	0.00%
Augmented Payout Ratio	16.52%	-30.61%	242.03%	2.71%	37.48%	1.29%	121.32%	6.96%	0.00%	-125.47%

This table displays calculated financial ratios and metrics derived from MasTec's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.99%	3.75%	-0.14%	3.03%	3.95%	9.03%	29.58%	24.86%	32.25%	66.27%	4.54%
EBITDA Growth	5.76%	20.91%	23.30%	17.57%	102.98%	-5.34%	17.96%	48.85%	-5.46%	7.20%	-23.73%
EBIT Growth	1,496.29%	151.36%	125.02%	66.37%	96.70%	-1.21%	-3.07%	130.64%	-110.43%	-44.40%	-43.82%
NOPAT Growth	13,689.31%	-96.24%	233.32%	40.98%	100.59%	22,391.87%	-37.47%	157.92%	-150.62%	-77.29%	-41.55%
Net Income Growth	135.77%	7,011.84%	588.73%	161.24%	57.22%	-64.66%	-68.91%	3.07%	-130.40%	-95.59%	-56.23%
EPS Growth	124.53%	3,066.67%	572.22%	115.00%	49.52%	-25.00%	-72.31%	0.00%	-123.40%	-96.15%	-56.67%
Operating Cash Flow Growth	-27.27%	-3.87%	-5.69%	2,391.78%	224.75%	110.04%	151.41%	91.12%	-165.67%	-20.53%	-21.79%
Free Cash Flow Firm Growth	-34.86%	-84.10%	188.23%	180.15%	135.50%	357.73%	7.04%	-12.19%	-19.38%	-10.74%	-117.03%
Invested Capital Growth	-6.11%	-8.47%	-12.86%	-15.18%	-9.79%	-6.04%	22.02%	27.65%	36.10%	33.29%	31.85%
Revenue Q/Q Growth	-16.32%	4.63%	9.84%	10.21%	-18.09%	0.71%	13.32%	11.20%	-14.08%	19.69%	9.20%
EBITDA Q/Q Growth	-40.56%	-15.10%	14.13%	83.63%	-32.05%	-13.42%	8.82%	217.04%	-68.31%	7.89%	37.32%
EBIT Q/Q Growth	-71.45%	-25.44%	48.54%	4,515.68%	-105.14%	-33.25%	9.83%	187.60%	-253.83%	-34.51%	161.34%
NOPAT Q/Q Growth	-59.08%	-12.17%	69.31%	22,562.45%	-99.99%	7,676.18%	-28.39%	194.14%	-529.06%	-78.38%	195.35%
Net Income Q/Q Growth	-85.45%	-19.65%	140.84%	227.01%	-2,993.28%	-92.22%	-8.65%	120.80%	-2,490.09%	-93.15%	202.81%
EPS Q/Q Growth	-86.32%	-21.49%	181.40%	181.13%	-1,866.67%	-83.33%	-10.00%	119.05%	-2,725.00%	-93.85%	225.00%
Operating Cash Flow Q/Q Growth	-83.39%	69.84%	5.02%	145.43%	-78.04%	66.63%	2,652.06%	86.64%	-136.97%	99.46%	190.12%
Free Cash Flow Firm Q/Q Growth	-35.63%	-34.97%	-10.71%	74.30%	-84.28%	460.72%	18.89%	22.80%	-14.11%	-30.10%	2.11%
Invested Capital Q/Q Growth	0.66%	-3.21%	-0.53%	-3.12%	-1.88%	-7.85%	-3.18%	3.04%	2.21%	19.67%	1.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	10.92%	12.83%	14.24%	14.21%	11.43%	11.21%	12.28%	13.55%	8.71%	12.34%	12.96%
EBITDA Margin	5.19%	7.30%	9.00%	8.66%	5.20%	6.27%	7.29%	7.59%	2.66%	7.22%	8.01%
Operating Margin	1.27%	4.06%	5.53%	3.98%	0.02%	1.16%	1.90%	2.37%	-3.40%	1.78%	3.24%
EBIT Margin	1.32%	3.88%	5.44%	4.02%	-0.10%	1.60%	2.41%	2.49%	-3.16%	1.77%	3.23%
Profit (Net Income) Margin	0.43%	2.49%	3.24%	1.48%	-1.28%	0.04%	0.47%	0.58%	-3.12%	0.11%	1.96%
Tax Burden Percent	137.82%	87.84%	76.97%	69.35%	75.67%	8,507.14%	66.91%	85.10%	64.29%	26.73%	81.61%
Interest Burden Percent	23.74%	73.08%	77.39%	52.98%	1,687.84%	0.03%	29.09%	27.49%	153.27%	23.73%	74.33%
Effective Tax Rate	-37.82%	12.16%	23.03%	30.65%	0.00%	-8,407.14%	33.09%	14.90%	0.00%	73.27%	18.39%
Return on Invested Capital (ROIC)	4.35%	8.72%	9.70%	6.17%	0.03%	217.51%	2.88%	4.21%	-5.00%	0.95%	5.51%
ROIC Less NNEP Spread (ROIC-NNEP)	2.63%	7.04%	8.42%	4.79%	-1.23%	97.80%	1.85%	2.67%	-5.80%	0.47%	4.50%
Return on Net Nonoperating Assets (RNNOA)	2.03%	5.37%	7.80%	4.83%	-1.27%	96.49%	1.81%	2.75%	-5.35%	0.40%	3.17%
Return on Equity (ROE)	6.38%	14.10%	17.51%	11.00%	-1.24%	313.99%	4.68%	6.97%	-10.34%	1.35%	8.68%
Cash Return on Invested Capital (CROIC)	13.91%	15.74%	18.46%	18.99%	12.46%	7.26%	-18.55%	-22.76%	-29.56%	-26.53%	-24.34%
Operating Return on Assets (OROA)	1.87%	5.20%	7.25%	5.46%	-0.14%	2.06%	3.33%	3.28%	-4.08%	2.10%	4.11%
Return on Assets (ROA)	0.61%	3.34%	4.32%	2.00%	-1.74%	0.05%	0.65%	0.77%	-4.02%	0.13%	2.49%
Return on Common Equity (ROCE)	6.29%	13.88%	17.41%	10.94%	-1.24%	312.90%	4.67%	6.95%	-10.33%	1.35%	8.66%
Return on Equity Simple (ROE_SIMPLE)	8.54%	0.00%	4.13%	0.95%	-0.05%	0.00%	-1.67%	-0.42%	-0.44%	0.00%	4.21%
Net Operating Profit after Tax (NOPAT)	50	121	138	82	0.36	3,227	41	58	-62	14	66
NOPAT Margin	1.75%	3.57%	4.25%	2.76%	0.01%	98.38%	1.27%	2.02%	-2.38%	0.48%	2.64%
Net Nonoperating Expense Percent (NNEP)	1.72%	1.69%	1.28%	1.39%	1.26%	119.71%	1.02%	1.54%	0.80%	0.49%	1.01%
Return On Investment Capital (ROIC_SIMPLE)	0.96%	2.33%	-	-	-	55.77%	-	-	-	0.24%	-
Cost of Revenue to Revenue	89.08%	87.17%	85.76%	85.79%	88.57%	88.79%	87.72%	86.45%	91.29%	87.66%	87.04%
SG&A Expenses to Revenue	5.84%	5.38%	5.19%	5.64%	6.16%	5.43%	5.55%	6.13%	6.34%	5.16%	4.98%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.66%	8.76%	8.71%	10.23%	11.41%	10.05%	10.38%	11.18%	12.11%	10.56%	9.72%
Earnings before Interest and Taxes (EBIT)	38	132	177	119	-2.70	52	79	72	-82	53	81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	148	249	293	257	140	206	237	218	69	217	201
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.21	3.70	3.47	3.13	2.76	2.21	2.10	3.47	2.81	2.44	1.89
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11.70
Price to Revenue (P/Rev)	0.74	0.88	0.80	0.70	0.61	0.50	0.48	0.85	0.71	0.68	0.56
Price to Earnings (P/E)	43.27	66.26	109.82	1,082.00	0.00	0.00	0.00	0.00	0.00	200.15	44.92
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.31%	1.51%	0.91%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.50%	2.23%
Enterprise Value to Invested Capital (EV/IC)	2.32	2.64	2.40	2.16	1.91	1.62	1.52	2.12	1.84	1.70	1.48
Enterprise Value to Revenue (EV/Rev)	0.90	1.03	0.98	0.89	0.82	0.71	0.74	1.14	1.01	0.98	0.81
Enterprise Value to EBITDA (EV/EBITDA)	11.86	13.53	13.32	12.85	12.33	11.67	11.70	17.74	16.59	14.95	11.12
Enterprise Value to EBIT (EV/EBIT)	24.08	29.83	34.44	43.56	49.37	70.41	71.33	100.82	125.78	75.37	41.03
Enterprise Value to NOPAT (EV/NOPAT)	29.48	36.59	47.28	77.47	83.71	151.92	129.32	155.29	207.81	96.81	53.77
Enterprise Value to Operating Cash Flow (EV/OCF)	10.27	11.31	10.44	9.32	11.21	12.40	20.17	49.50	78.22	27.06	16.79
Enterprise Value to Free Cash Flow (EV/FCFF)	16.12	16.01	12.09	10.43	14.57	21.63	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.76	0.74	0.82	0.94	1.01	1.13	1.18	1.24	1.21	1.18	0.87
Long-Term Debt to Equity	0.69	0.68	0.76	0.86	0.94	1.06	1.12	1.17	1.15	1.11	0.81
Financial Leverage	0.77	0.76	0.93	1.01	1.04	0.99	0.97	1.03	0.92	0.85	0.70
Leverage Ratio	3.12	3.21	3.30	3.31	3.33	3.42	3.23	3.23	3.13	3.11	2.80
Compound Leverage Factor	0.74	2.35	2.55	1.76	56.29	0.00	0.94	0.89	4.80	0.74	2.08
Debt to Total Capital	43.05%	42.68%	45.10%	48.37%	50.26%	52.97%	54.15%	55.28%	54.82%	54.05%	46.62%
Short-Term Debt to Total Capital	3.70%	3.57%	3.59%	3.80%	3.34%	3.06%	2.96%	2.82%	2.84%	2.88%	3.29%
Long-Term Debt to Total Capital	39.35%	39.11%	41.51%	44.56%	46.92%	49.91%	51.19%	52.47%	51.97%	51.17%	43.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.37%	1.45%	0.37%	0.37%	0.29%	0.26%	0.18%	0.16%	0.02%	0.06%	0.09%
Common Equity to Total Capital	55.59%	55.87%	54.53%	51.26%	49.45%	46.77%	45.67%	44.56%	45.16%	45.89%	53.28%
Debt to EBITDA	2.36	2.37	2.60	3.05	3.39	4.20	4.32	4.71	5.07	5.06	3.57
Net Debt to EBITDA	2.00	1.95	2.40	2.70	3.08	3.47	4.03	4.54	4.84	4.47	3.42
Long-Term Debt to EBITDA	2.16	2.17	2.39	2.81	3.17	3.96	4.09	4.47	4.81	4.79	3.32
Debt to NOPAT	5.87	6.41	9.22	18.40	23.03	54.66	47.77	41.24	63.50	32.74	17.26
Net Debt to NOPAT	4.96	5.26	8.50	16.26	20.92	45.22	44.58	39.75	60.70	28.98	16.52
Long-Term Debt to NOPAT	5.37	5.88	8.49	16.95	21.50	51.50	45.16	39.14	60.20	31.00	16.04
Altman Z-Score	2.81	2.95	2.89	2.75	2.56	2.30	2.23	2.55	2.31	2.19	2.36
Noncontrolling Interest Sharing Ratio	1.54%	1.59%	0.53%	0.54%	0.32%	0.35%	0.28%	0.26%	0.10%	0.15%	0.18%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.22	1.22	1.24	1.27	1.31	1.40	1.44	1.57	1.54	1.55	1.57
Quick Ratio	0.58	0.59	0.57	0.60	0.59	0.67	0.63	0.66	0.64	0.71	0.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	365	567	872	976	560	3,565	-988	-1,218	-1,578	-1,383	-1,063
Operating Cash Flow to CapEx	234.58%	1,506.69%	1,081.41%	2,346.69%	740.09%	6,632.94%	1,180.95%	-34.86%	-199.01%	1,483.15%	0.00%
Free Cash Flow to Firm to Interest Expense	9.35	13.01	18.53	15.77	10.76	59.67	-15.80	-20.51	-29.95	-27.69	-39.54
Operating Cash Flow to Interest Expense	2.01	10.82	5.90	4.27	2.07	8.21	4.71	-0.19	-1.64	4.68	4.36
Operating Cash Flow Less CapEx to Interest Expense	1.15	10.10	5.36	4.09	1.79	8.09	4.31	-0.75	-2.46	4.36	4.58
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.42	1.34	1.33	1.36	1.36	1.29	1.38	1.32	1.29	1.19	1.27
Accounts Receivable Turnover	9.39	8.94	8.13	8.62	9.02	8.66	9.02	8.79	9.15	8.08	8.52
Inventory Turnover	95.52	99.09	92.24	82.00	76.71	93.88	80.55	69.91	69.18	81.56	68.47
Fixed Asset Turnover	7.90	7.69	7.50	0.00	7.32	7.04	7.07	0.00	0.00	0.00	0.00
Accounts Payable Turnover	11.10	9.09	9.42	11.11	11.25	9.02	9.62	11.18	11.30	9.69	9.25
Days Sales Outstanding (DSO)	38.88	40.81	44.90	42.34	40.47	42.14	40.48	41.55	39.88	45.15	42.85
Days Inventory Outstanding (DIO)	3.82	3.68	3.96	4.45	4.76	3.89	4.53	5.22	5.28	4.48	5.33
Days Payable Outstanding (DPO)	32.87	40.14	38.74	32.85	32.45	40.45	37.92	32.66	32.29	37.68	39.45
Cash Conversion Cycle (CCC)	9.84	4.35	10.11	13.94	12.77	5.58	7.08	14.11	12.87	11.94	8.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,843	4,812	4,971	4,998	5,158	5,257	5,705	5,892	5,718	5,595	4,675
Invested Capital Turnover	2.49	2.44	2.28	2.24	2.22	2.21	2.26	2.09	2.10	2.00	2.09
Increase / (Decrease) in Invested Capital	-315	-445	-734	-895	-560	-338	1,030	1,276	1,517	1,397	1,129
Enterprise Value (EV)	11,213	12,687	11,914	10,785	9,877	8,519	8,677	12,516	10,513	9,533	6,930
Market Capitalization	9,254	10,787	9,752	8,501	7,393	5,968	5,676	9,303	7,441	6,676	4,797
Book Value per Share	$36.38	$36.75	$35.47	$34.16	$33.73	$34.33	$34.28	$33.97	$33.59	$34.99	$33.65
Tangible Book Value per Share	($0.19)	($0.23)	($0.56)	($1.62)	($2.56)	($2.59)	($3.00)	($3.34)	($4.11)	($3.25)	$5.43
Total Capital	5,189	5,211	5,152	5,295	5,408	5,787	5,919	6,012	5,860	5,965	4,771
Total Debt	2,234	2,224	2,324	2,561	2,718	3,065	3,205	3,324	3,212	3,224	2,224
Total Long-Term Debt	2,042	2,038	2,139	2,360	2,537	2,888	3,030	3,155	3,046	3,052	2,068
Net Debt	1,888	1,824	2,143	2,264	2,468	2,536	2,991	3,204	3,071	2,854	2,129
Capital Expenditures (CapEx)	33	31	26	11	15	7.40	25	33	43	16	-6.02
Debt-free, Cash-free Net Working Capital (DFCFNWC)	482	439	689	633	743	785	1,188	1,438	1,303	1,164	1,189
Debt-free Net Working Capital (DFNWC)	828	839	870	931	993	1,314	1,403	1,557	1,445	1,535	1,285
Net Working Capital (NWC)	636	653	685	729	812	1,137	1,227	1,388	1,278	1,363	1,128
Net Nonoperating Expense (NNE)	37	37	33	38	35	3,226	26	41	19	11	17
Net Nonoperating Obligations (NNO)	1,888	1,824	2,143	2,264	2,468	2,536	2,991	3,204	3,071	2,854	2,129
Total Depreciation and Amortization (D&A)	110	117	116	137	142	153	159	147	151	164	120
Debt-free, Cash-free Net Working Capital to Revenue	3.87%	3.57%	5.66%	5.20%	6.14%	6.54%	10.14%	13.09%	12.52%	11.91%	13.86%
Debt-free Net Working Capital to Revenue	6.64%	6.82%	7.14%	7.64%	8.21%	10.96%	11.96%	14.18%	13.88%	15.70%	14.97%
Net Working Capital to Revenue	5.10%	5.31%	5.63%	5.98%	6.71%	9.48%	10.47%	12.64%	12.28%	13.94%	13.15%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.13	$0.96	$1.22	$0.44	($0.53)	$0.03	$0.18	$0.20	($1.05)	$0.04	$0.66
Adjusted Weighted Average Basic Shares Outstanding	78.19M	78.05M	78.04M	78.04M	77.94M	77.54M	77.64M	77.64M	76.98M	74.92M	73.94M
Adjusted Diluted Earnings per Share	$0.13	$0.95	$1.21	$0.43	($0.53)	$0.03	$0.18	$0.20	($1.05)	$0.04	$0.65
Adjusted Weighted Average Diluted Shares Outstanding	79.05M	78.88M	78.91M	78.86M	77.94M	77.54M	78.46M	78.37M	76.98M	76.19M	75.07M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	78.90M	79.29M	79.23M	79.22M	79.46M	79.28M	78.82M	78.86M	78.86M	78.79M	78.23M
Normalized Net Operating Profit after Tax (NOPAT)	25	121	138	82	0.36	27	41	58	-62	38	66
Normalized NOPAT Margin	0.89%	3.57%	4.25%	2.76%	0.01%	0.81%	1.27%	2.02%	-2.38%	1.25%	2.64%
Pre Tax Income Margin	0.31%	2.83%	4.21%	2.13%	-1.69%	0.00%	0.70%	0.69%	-4.85%	0.42%	2.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.96	3.03	3.76	1.92	-0.05	0.88	1.26	1.21	-1.55	1.06	3.02
NOPAT to Interest Expense	1.27	2.79	2.94	1.32	0.01	54.02	0.66	0.98	-1.17	0.29	2.47
EBIT Less CapEx to Interest Expense	0.11	2.31	3.22	1.74	-0.33	0.75	0.86	0.65	-2.37	0.75	3.24
NOPAT Less CapEx to Interest Expense	0.42	2.07	2.39	1.14	-0.27	53.89	0.26	0.42	-1.99	-0.03	2.69
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.44%	16.52%	22.70%	59.87%	-798.43%	-30.61%	-27.46%	-110.61%	-105.89%	2.15%	0.00%
Augmented Payout Ratio	24.35%	16.52%	22.70%	59.87%	-798.43%	-30.61%	-27.46%	-110.61%	-105.89%	242.03%	76.03%

Frequently Asked Questions About MasTec's Financials

When does MasTec's financial year end?

According to the most recent income statement we have on file, MasTec's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has MasTec's net income changed over the last 9 years?

Over the last 9 years, MasTec's net income changed from -$79.70 million in 2015 to $199.42 million in 2024, a change of -350.2%. See where experts think MasTec is headed by visiting MasTec's forecast page.

What is MasTec's operating income?

MasTec's total operating income in 2024 was $436.35 million, based on the following breakdown:

Total Gross Profit: $1.63 billion
Total Operating Expenses: $1.19 billion

How has MasTec revenue changed over the last 9 years?

Over the last 9 years, MasTec's total revenue changed from $4.21 billion in 2015 to $12.30 billion in 2024, a change of 192.4%.

How much debt does MasTec have?

MasTec's total liabilities were at $5.99 billion at the end of 2024, a 10.0% decrease from 2023, and a 201.8% increase since 2015.

How much cash does MasTec have?

In the past 9 years, MasTec's cash and equivalents has ranged from $4.98 million in 2015 to $529.56 million in 2023, and is currently $399.90 million as of their latest financial filing in 2024.

How has MasTec's book value per share changed over the last 9 years?

Over the last 9 years, MasTec's book value per share changed from 11.76 in 2015 to 36.75 in 2024, a change of 212.5%.

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This page (NYSE:MTZ) was last updated on 5/29/2025 by MarketBeat.com Staff

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MasTec (MTZ) Financials

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