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MasTec Inc (MTZ)
NYSE:MTZ
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.93Last Year’s EPS
0.51Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial momentum: record revenue, sizable backlog growth, solid EBITDA and EPS acceleration, ambitious 2026 guidance, strategic tuck-ins to expand capabilities, and a healthy balance sheet. Noted lowlights were mainly short-term margin pressure in certain segments (driven by start-up costs, mix, and timing/permitting delays) and working capital timing affecting 2025 cash flow. Given that the positives are broad, material, and underpinned by multi-year backlog and constructive guidance while lowlights are largely execution/timing related and management provided plans to address them, the overall tone is constructive and confident.Company Guidance
Record Revenue and Strong Top-Line Growth
Q4 revenue was just shy of $4.0B, up 16% year-over-year; full-year 2025 revenue was $14.3B, also up 16% and a new company record.
Accelerating Profitability and EPS
Adjusted EBITDA for Q4 was $338M, up 25% year-over-year (full-year adjusted EBITDA $1.15B, +14%); adjusted EPS for Q4 was $2.07, a 44% increase versus $1.44 in the prior-year quarter.
Very Strong Backlog and Book-to-Bill
Full-year backlog grew by over $4.5B (+33% year-over-year); sequential backlog increased by over $2B with a 1.6x book-to-bill for the quarter.
Ambitious 2026 Guidance
Management guided 2026 revenue of ~$17B (~19% growth), adjusted EBITDA of $1.45B (8.5% margin, +26% profit growth) and adjusted EPS of $8.40 (~+30% vs 2025); cash from operations expected to exceed $1B.
Segment: Communications Outperformance
Communications Q4 revenue +23% year-over-year and full-year +32% organically; Q4 exceeded guidance by $139M and backlog totaled $5.5B (up 8% sequential, +20% year-over-year).
Segment: Pipeline Infrastructure Momentum
Pipeline Q4 revenue rose 50% year-over-year with Q4 EBITDA margin of 18.5% (310 bps sequential improvement); management expects continued volume and profit growth into 2026 and 2027.
Segment: Clean Energy & Infrastructure Strength
CE&I full-year revenue +15% with EBITDA margin improvement of 110 bps to 7.4%; total CE&I backlog increased 30% sequentially to $6.5B (53% YoY) and achieved a 2.1x book-to-bill in the quarter.
Power Delivery Backlog Record and Restart of Greenlink
Power Delivery Q4 revenue +13% and EBITDA +9% year-over-year; backlog ended at a record $5.6B (+17% YoY, +9% QoQ); permitting issues on Greenlink cleared and a restart was approved earlier than expected.
Strategic Acquisitions to Expand Capabilities
Acquired NV2A (construction management) and McKee Utility Contractors (water infrastructure) in Q4 to deepen construction management, data center and water infrastructure capabilities and support long-term growth.
Balance Sheet, Liquidity and Cash Generation
Ended year with ~ $2.1B total liquidity and net leverage of 1.7x (within policy); Q4 cash flow from operations $373M, free cash flow $306M; targeted ~70% EBITDA-to-cash conversion and >$1B cash from operations for 2026.
MTZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MTZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $289.96 | $298.02 | +2.78% |
Oct 30, 2025 | $213.95 | $204.16 | -4.58% |
Jul 31, 2025 | $189.21 | $174.05 | -8.01% |
May 01, 2025 | $134.01 | $140.87 | +5.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does MasTec Inc (MTZ) report earnings?
MasTec Inc (MTZ) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is MasTec Inc (MTZ) earnings time?
MasTec Inc (MTZ) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTZ EPS forecast?
MTZ EPS forecast for the fiscal quarter 2026 (Q1) is 0.93.