MasTec (MTZ) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

MasTec

NYSE•Industrials•Engineering & Construction

$174.97-2.67(-0.02%)Market open

Market Cap

$14.71B

P/E

30.4x

P/S

0.9x

P/B

3.6x

MasTec, Inc., an infrastructure engineering and 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 five segments: Communications, Clean Energy and Infrastructure, Power Delivery, Pipeline Infrastructure, and Other. The company builds infrastructure for wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy power generation; pipeline infrastructure, including natural gas, water, carbon capture sequestration, and other product transport; power delivery services, such as electrical and gas transmission, and distribution systems; industrial and heavy civil infrastructure, including roads, bridges, and rail; and water infrastructure. It also installs electrical and other gas distribution and transmission systems, power generation, civil and industrial facilities, pipelines, and fiber optic and other cables, as well as install-to-the-home services. 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 civil and industrial infrastructure; emergency restoration services for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, public and private energy providers, including renewable and other energy providers, pipeline operators, civil, transportation, and water and wastewater pipeline installation services, industrial infrastructure providers, as well as government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.

How this company scores

GoodMetricSide Score: 61/100

Strongest: Growth (24/25); weakest: Balance Sheet & Red Flags (11/25).

Profitability14/25

Growth24/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality12/25

Strengths

Growing revenueRising earningsConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 30.4x5y range 20.3x – 1062.7x

Currently below its 15-quarter median.

P/S · 0.9x5y range 0.5x – 2.1x

Currently near its 20-quarter median.

P/B · 3.6x5y range 1.9x – 9.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 22.6% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $14.71B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $17.29B
Q. Revenue: $5.15B
TTM EBITDA: $1.49B
TTM Op. Income: $962.66M
Q. Op. Income: $275.45M
TTM Net Income: $484.24M
Q. Net Income: $150.57M
EPS: $1.9
Shares Out.: $79.08M

$17.29B in TTM revenue grew 25.7% YoY, reaching $5.15B last quarter. TTM EBITDA of $1.49B and TTM operating income of $962.66M show growth is flowing through to the bottom line. TTM net income of $484.24M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 12.8%
EBITDA Margin: 8.6%
Op. Margin: 5.3%
Net Margin: 2.9%

Op. margin of 5.3% is down 3.6% YoY — costs are rising relative to revenue. Net margin at 2.9% and gross margin of 12.8% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 30.4x
P/S Ratio: 0.9x
P/B Ratio: 3.6x

At 30.4x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.9x and P/B of 3.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 38% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $14.14B
Cash: $481.82M
Long-Term Debt: $3.99B
Book Value: $4.05B
D/E Ratio: 1.0
Debt/EBITDA: 9.0

With $14.14B in assets and $3.99B in long-term debt, D/E is 1.0and book value is $4.05B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $267.45M
TTM Free Cash Flow: $404.63M
FCF Margin: 2.3%
FCF / Net Income: 0.8

TTM FCF of $404.63M on $267.45M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 3% — an improving trend.