MTZ
MASTEC INC
Next earnings Jul 29, 2026 (after close) · consensus $2.24 EPS, $4.35B rev
Last earnings +6.3% on 2026-04-30
$373.43
▼ -12.97%$373.43▲ +117.12%
over 1Y
L $168.23H $437.51
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-13.0%
1W-7.5%
1M+1.9%
3M+11.1%
YTD+64.0%
1Y+117.1%
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 26 analysts
Buy
Broad-based infrastructure recovery with surging earnings, but a 75x P/E and halved operating cash flow leave it fully priced.
Revenue $14.3B · FY2025
The read
Middling fundamentals and a rich price (~48% above fair value) leave little margin of safety — a wait-and-see.
MasTec is firing on all cylinders operationally: FY2025 revenue rose 16.2% to $14.3B, the fifth straight year of growth from $7.95B in 2021, with gains spread across Communications (+32%, ~$815M), Clean Energy & Infrastructure (+15%, ~$607M) and Power Delivery (+16%, ~$563M). Net income attributable to MasTec rebounded 145% to $399M from a near-breakeven trough (a -$49.9M loss in 2023), and diluted EPS jumped to $5.07. Income before taxes more than doubled to $515M, helped by interest expense falling 10.5% to $173M on lower debt balances and rates. This is a genuine recovery off the 2021-2023 acquisition-and-integration heavy period (Henkels & McCoy, renewables/power buildout), and the demand backdrop — telecom, electrification and grid spend — is durable.
The problem is price and quality of earnings. At $379.66 the stock trades at 74.9x trailing GAAP EPS — a multiple that assumes the earnings recovery keeps compounding off what is still a thin 2.8% net margin. The 70bps rise in cost of revenue (to 87.5%) flagged in the MD&A as 'reduced project efficiencies and project mix' within Pipeline and Power Delivery shows margins are not yet clean. More concerning, operating cash flow fell 51.3% to $546M even as net income surged, while capex rose 74.7% to $260M — free cash flow is being squeezed, which matters for a leveraged contractor. Liabilities-to-equity sits at 2.02x and cash is just $396M against a $30B market cap.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 3:03 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $7.95B | $9.78B | $12.0B | $12.3B | $14.3B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $329M | $33.4M | -$49.9M | $163M | $399M |
| Diluted EPS | $4.45 | $0.42 | -$0.64 | $2.06 | $5.07 |
| Net margin | 4.1% | 0.3% | -0.4% | 1.3% | 2.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$29.6B
EV / EBITDA—
EV / Sales2.1
EV / FCF103.7
P / FCF103.3
PEG (trailing)0.51
Earnings yield1.4%
FCF yield1.0%
Quality & risk
ROIC (est.)—
Free cash flow$286M
Total debt$529M
Net cash-$133M
Piotroski F-Score7/8
Capital returns
Buyback yield0.3%
Dividend yield (est.)—
Shareholder yield0.3%
Shares Δ YoY-0.5%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗11-KPeriod ending 2025-12-312026-06-26open ↗4Period ending 2026-06-032026-06-05open ↗144Filing2026-06-03open ↗8-KPeriod ending 2026-05-212026-05-22open ↗4Period ending 2026-05-152026-05-19open ↗4Period ending 2026-05-152026-05-19open ↗4Period ending 2026-05-152026-05-19open ↗4Period ending 2026-05-152026-05-19open ↗4Period ending 2026-05-152026-05-19open ↗4Period ending 2026-05-152026-05-19open ↗4Period ending 2026-05-042026-05-06open ↗144Filing2026-05-04open ↗
Frequently asked
- Is MASTEC INC (MTZ) a buy?
- MTZ currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Broad-based infrastructure recovery with surging earnings, but a 75x P/E and halved operating cash flow leave it fully priced.
- What is MTZ's fair value?
- A Modified-Graham model based on MTZ's SEC fundamentals estimates a fair value of about $192.66. It is an estimate from reported earnings, not a price target.
- Is MTZ overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, MTZ currently appears overvalued relative to its SEC-grounded earnings power.
- What is MASTEC INC's quality score?
- MTZ scores 65.38883178999762/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000015615, latest 10-Q filed 2026-04-30) · EODHD · Proprietary analysis · as of 6/21/2026, 7:03:16 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.