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What this page is: Delvantic's full research page for MasTec, Inc. (MTZ) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
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MasTec, Inc.
MTZ NYSE
Industrials · Engineering & Construction
Coral Gables, FL 33134, United States
mastec.com
Price
$237.15
Market Cap
$19.3B
Employees
38,000
Beta
1.84
Avg Volume
1,515,760
Last Dividend
$0.20
CEO
Mr. Jose Ramon Mas
MasTec, Inc. is a North American infrastructure engineering and construction company that provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other essential infrastructure. The company serves major markets including wireless and wireline communications, power delivery, clean energy, pipeline infrastructure, and heavy civil projects. Its operations support the construction and upkeep of networks and systems used by utilities, telecom providers, energy developers, and public infrastructure customers. MasTec also delivers specialized services for renewable energy facilities and large-scale industrial and transportation projects, making it an important contractor in complex, capital-intensive infrastructure work. Headquartered in Coral Gables, Florida, MasTec focuses on executing projects across the United States and Canada through diversified service segments and a broad field workforce.
Runs with full report
Price Overview
Price at report time
$236.98
as of Sep 1, 1:09pm (36d ago)
Change · Sep 1
-2.80 (-1.17%)
Day Range
$233.74 – $241.11
52-Week Range
$171.05 – $441.43
50-Day MA
$318.83
200-Day MA
$303.80
Volume
29,919.00
Right now · live
Log in to get the live feed
Members see the real-time price and the move since this report (over 36d).
Share Structure
Outstanding
79,087,283.00
Float
62,364,934.00
Free Float
78.9%
Normal free float
— 78.9% of shares trade freely, ~21.1% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E · trailing (TTM) (Price per dollar of earnings over the past year — not a run-rate or forward P/E)
HEXStock Price / EPS (Diluted)
46.74
Stock Price: $237.15
EPS (Diluted): 5.07
EPS (Diluted): 5.07
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
5.59
Stock Price: $237.15
Total Equity: $3.33B
Shares: 78,694,000
Total Equity: $3.33B
Shares: 78,694,000
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
13.53
Market Cap: $19.26B
Total Debt: $2.33B
Cash: $396.03M
EBITDA: $1.51B
Total Debt: $2.33B
Cash: $396.03M
EBITDA: $1.51B
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$20.4B
Market Cap: $19.26B
Total Debt: $2.33B
Cash: $396.03M
Total Debt: $2.33B
Cash: $396.03M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
12.5%
Gross Profit: $1.79B
Revenue: $14.30B
Revenue: $14.30B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
7.6%
Operating Income: $1.08B
Revenue: $14.30B
Revenue: $14.30B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
2.8%
Net Income: $399.04M
Revenue: $14.30B
Revenue: $14.30B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
12.0%
Net Income: $399.04M
Total Equity: $3.33B
Total Equity: $3.33B
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
16.8%
Operating Income: $1.08B
Tax Rate: 18.1%
Equity: $3.33B
Total Debt: $2.33B
Cash: $396.03M
Tax Rate: 18.1%
Equity: $3.33B
Total Debt: $2.33B
Cash: $396.03M
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
1.32
Current Assets: $4.33B
Current Liabilities: $3.27B
Current Liabilities: $3.27B
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.70
Short-Term Debt: $154.31M
Long-Term Debt: $2.18B
Total Debt: $2.33B
Total Equity: $3.33B
Long-Term Debt: $2.18B
Total Debt: $2.33B
Total Equity: $3.33B
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$181.71
Revenue: $14.30B
Shares: 78,694,000
Shares: 78,694,000
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$42.37
Total Equity: $3.33B
Shares: 78,694,000
Shares: 78,694,000
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$3.63
Operating CF: $545.71M
CapEx: -$259.99M
Shares: 78,694,000
CapEx: -$259.99M
Shares: 78,694,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
0.1%
Last Dividend: $0.20
Stock Price: $237.15
Stock Price: $237.15
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $399.04M
Net Income: $399.04M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares MTZ against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Income Statement (Annual)
Last updated: Sep 1, 2026 1:12pm (36d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $8.0B | $9.8B | $12.0B | $12.3B | $14.3B |
| Cost of Revenue | $6.8B | $8.6B | $10.6B | $10.7B | $12.5B |
| Gross Profit | $1.1B | $1.2B | $1.4B | $1.6B | $1.8B |
| Operating Expenses | $307.0M | $559.4M | $698.9M | $684.5M | $713.0M |
| Operating Income | $839.1M | $632.3M | $683.3M | $943.0M | $1.1B |
| Net Income | $328.8M | $33.4M | -$49.9M | $162.8M | $399.0M |
| EBITDA | $1.3B | $1.1B | $1.3B | $1.4B | $1.5B |
| EPS | $4.54 | $0.45 | $-0.64 | $2.09 | $5.12 |
| EPS (Diluted) | $4.45 | $0.42 | $-0.64 | $2.06 | $5.07 |
Balance Sheet (Annual)
Last updated: Sep 1, 2026 1:09pm (36d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $360.7M | $370.6M | $529.6M | $399.9M | $396.0M |
| Total Current Assets | $2.9B | $3.9B | $4.0B | $3.7B | $4.3B |
| Total Assets | $7.1B | $9.3B | $9.4B | $9.0B | $9.9B |
| Current Liabilities | $1.8B | $2.5B | $2.8B | $3.0B | $3.3B |
| Long-Term Debt | $1.9B | $3.1B | $2.9B | $2.0B | $2.2B |
| Total Liabilities | $4.6B | $6.6B | $6.7B | $6.0B | $6.6B |
| Total Equity | $2.5B | $2.7B | $2.7B | $3.0B | $3.3B |
| Retained Earnings | $2.2B | $2.2B | $2.1B | $2.3B | $2.7B |
Cash Flow (Annual)
Last updated: Sep 1, 2026 1:17pm (36d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $793.1M | $352.3M | $687.3M | $1.1B | $545.7M |
| Capital Expenditure | -$170.1M | -$263.4M | -$192.9M | -$148.9M | -$260.0M |
| Free Cash Flow | $623.0M | $88.9M | $494.3M | $972.8M | $285.7M |
| Acquisitions (net) | -$1.2B | -$635.8M | -$69.4M | -$79.9M | -$71.0M |
| Net Debt Issued / (Repaid) | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$81.3M | $0 | $0 | -$77.3M |
| Net Change in Cash | -$62.4M | $9.9M | $159.0M | -$129.7M | -$3.9M |
Growth Trends (YoY %)
Last updated: Sep 1, 2026 1:12pm (36d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +23.0% | +22.7% | +2.6% | +16.2% |
| Gross Profit Growth | +4.0% | +16.0% | +17.7% | +10.2% |
| Operating Income Growth | -24.6% | +8.1% | +38.0% | +14.5% |
| Net Income Growth | -89.9% | -249.8% | +425.9% | +145.1% |
| EBITDA Growth | -9.7% | +12.9% | +12.7% | +3.9% |
Dividend History (Last 20)
Last updated: Sep 1, 2026 1:09pm (36d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 1982-08-04 | $0.09 | — | — | — |
| 1981-08-03 | $0.09 | — | — | — |
| 1980-08-04 | $0.08 | — | — | — |
| 1979-07-30 | $0.07 | — | — | — |
| 1978-06-27 | $0.06 | — | — | — |
| 1977-07-26 | $0.05 | — | — | — |
Deep Analysis
0Company Classification
1Industry Landscape
2Company Momentum
3Forward Projection
4aDCF Valuation
4bEarnings Power Value
4cAnchored PE
4dReverse DCF
4eRevenue-Based DCF
4fAnchored P/S
4gScenario Analysis
4hDividend Discount Model
4iBook Value Analysis
4jInsider Activity
4fCash Flow Quality
4gDebt Maturity Risk
4hMacro Environment
4iSector Intelligence
4jRevenue Confidence
4kSensitivity Analysis
4lSector Demand Cycle
5AI Investigation
5bThesis Evaluation
6Valuation Synthesis
computed
not applicable
not yet run 0 computed · 6 not applicable · 18 not yet run
Risk : Reward — upside vs downside from this company's own quarters
Not computed yet
Why there is no ratio: Risk:reward has not been computed for this name yet — its report predates the mechanical valuation chain. It is added, at $0, the next time a report or the nightly touches this ticker.
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for MTZ — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for MTZ — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
Skipped in the Qwen lane lane by design —
the GPT seat runs only in the full report.
Grok Reading
Skipped in the Qwen lane lane by design —
the Grok seat runs only in the full report.
Advanced Analysis Forensic deep-dive · separate lenses
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My Notes
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v1.1.760 · f4b58a28 · 2026-10-07 20:07:48