MasTec (MTZ) Stock Fundamentals, Analysis & Risk Signals

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

MasTec

NYSE•Industrials•Engineering & Construction

$207.75-17.87(-0.08%)After hours

Market Cap

$16.75B

P/E

33.9x

P/S

1.0x

P/B

4.8x

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: 68/100

Strongest: Growth (24/25); weakest: Cash & Earnings Quality (14/25).

Profitability16/25

Growth24/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality14/25

Strengths

Growing revenueRising earningsCash-backed earningsConsistent growth

Valuation vs. 5-year range

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

P/E · 33.9x5y range 17.6x – 1062.7x

Currently below its 15-quarter median.

P/S · 1.0x5y range 0.5x – 1.6x

Currently above its 20-quarter median.

P/B · 4.8x5y range 1.9x – 7.2x

Watch items

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

Some Concerns

Margin Pressure

Watch

Operating margins declined 10.1% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

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

Price & Volume

Market Cap $16.75B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $16.11B
Q. Revenue: $4.37B
TTM EBITDA: $1.51B
TTM Op. Income: $1.04B
Q. Op. Income: $226.20M
TTM Net Income: $494.33M
Q. Net Income: $130.12M
EPS: $1.67
Shares Out.: $78.08M

$16.11B in TTM revenue grew 23.5% YoY, reaching $4.37B last quarter. TTM EBITDA of $1.51B and TTM operating income of $1.04B show growth is flowing through to the bottom line. TTM net income of $494.33M 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: 12.7%
EBITDA Margin: 8.0%
Op. Margin: 5.2%
Net Margin: 3.0%

Op. margin of 5.2% is down 2.1% YoY — costs are rising relative to revenue. Net margin at 3.0% and gross margin of 12.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 29% — an improving trend.

Price Ratios

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

P/E Ratio: 33.9x
P/S Ratio: 1.0x
P/B Ratio: 4.8x

At 33.9x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.0x and P/B of 4.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 32% — an improving trend.

Assets & Liabilities

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

Total Assets: $10.93B
Cash: $315.64M
Long-Term Debt: $2.57B
Book Value: $3.48B
D/E Ratio: 0.7
Debt/EBITDA: 7.4

With $10.93B in assets and $2.57B in long-term debt, D/E is 0.7and book value is $3.48B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

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

Op. Cash Flow: $21.47M
TTM Free Cash Flow: $244.80M
FCF Margin: 1.5%
FCF / Net Income: 0.5

TTM FCF of $244.80M on $21.47M in operating cash flow. The FCF / Net Income ratio of 0.5x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 7 consecutive quarters — a weakening trend.