MasTec (MTZ) AI Stock Analysis

• Market Cap: $14.05B
• Dividend Yield: N/A
• Average Volume (3M): 947.07K
• Price to Earnings (P/E): 52.8
• Beta (1Y): 1.50
• Revenue Growth: 7.08%
• EPS Growth: 3273.27%
• Country: US
• Employees: 32,000
• Sector: Industrials
• Sector Strength: 83
• Industry: Engineering & Construction
• EPS (TTM): 1.49
• Shares Outstanding: 78,907,950
• 10 Day Avg. Volume: 1,285,601
• 30 Day Avg. Volume: 947,069
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.13
• Enterprise Value/Revenue: 1.22
• Enterprise Value/Gross Profit: 9.68
• Enterprise Value/Ebitda: 16.49
• 1Y Price Target: $202.43
• Price Target Upside: 13.72% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14

• Rating: 72 Outperform
• Price Target: $193.00 ▲(8.43% Upside)

MasTec's strong financial performance and positive earnings call highlights, particularly in growth segments, are tempered by a high valuation and mixed technical indicators. The robust cash flow and strategic corporate events support a positive outlook, but caution is warranted due to valuation concerns.

Positive Factors

Demand and Backlog

The company's backlog has significantly increased, indicating strong demand across all segments and suggesting a solid recovery trajectory.

Financial Performance

MasTec's focus on organic growth and margin expansion is showing strong operational performance across its various business segments.

Market Position

MasTec is trading at a discount to its peers, offering a favorable risk/reward profile with potential for outsized gains due to its scale, scope, and margin trajectory.

Negative Factors

Backlog Decline

Backlog declined 5% quarter over quarter after doubling in the first quarter.

Revenue Expectations

The expectation for revenue to exceed 2024 levels in 2026 indicates a long-term horizon before potential revenue growth materializes.

MasTec Business Overview & Revenue Model

Company Description

MasTec, Inc. (MTZ) is a leading infrastructure construction company based in the United States, primarily engaged in the engineering, building, and installation of infrastructure in various sectors including telecommunications, energy, and transportation. The company provides a wide range of services such as pipeline construction, tower erection, and electrical contracting, catering to both public and private sector clients. With a focus on innovation and sustainability, MasTec plays a crucial role in modernizing infrastructure to meet the demands of a rapidly evolving economy.

How the Company Makes Money

MasTec generates revenue through multiple key streams, primarily by providing construction and engineering services across its sectors. The company earns money by executing contracts for infrastructure projects, which include the installation of communication networks, renewable energy systems, and utility infrastructure. Significant revenue comes from long-term contracts with major telecommunications and energy companies, as well as government projects. Additionally, MasTec benefits from strategic partnerships with large corporations and governmental agencies, which helps secure substantial contracts and projects, contributing to a stable income base. Factors such as a growing demand for renewable energy solutions and advancements in telecommunications infrastructure further enhance MasTec's revenue potential.

MasTec Financial Statement Overview

Summary

MasTec demonstrates strong revenue growth and improving profitability metrics. The balance sheet shows better leverage management, and cash flow statements reflect robust cash generation, essential for sustaining future growth.

Income Statement

MasTec demonstrates strong revenue growth over the years, with a significant increase from 2020 to TTM 2025. The Gross Profit Margin has been stable, and the Net Profit Margin shows improvement in TTM after a dip in 2023. EBIT and EBITDA margins indicate healthy operational efficiency, although there is room for improvement in net profitability.

Balance Sheet

The company's Debt-to-Equity ratio has been decreasing, indicating improved leverage management, although it remains relatively high compared to equity. The Return on Equity (ROE) improved significantly in TTM, showcasing effective utilization of shareholder funds. The Equity Ratio is stable, reflecting a balanced asset funding structure.

Cash Flow

MasTec's cash flow statements reveal robust free cash flow growth, especially notable in TTM. The Operating Cash Flow to Net Income ratio suggests strong cash conversion, and Free Cash Flow to Net Income ratio supports a solid cash-generating capability, enhancing financial stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.05B	12.30B	12.00B	9.78B	7.95B	6.32B
Gross Profit	1.65B	1.63B	786.81M	1.19B	1.15B	1.05B
EBITDA	965.96M	950.85M	754.86M	662.46M	906.31M	730.90B
Net Income	265.65M	162.79M	-49.95M	33.35M	328.83M	322.85M
Balance Sheet
Total Assets	9.13B	8.98B	9.37B	9.29B	7.12B	5.23B
Cash, Cash Equivalents and Short-Term Investments	191.05M	399.90M	529.56M	370.59M	360.74M	423.12M
Total Debt	2.67B	2.63B	3.50B	3.51B	2.29B	1.49B
Total Liabilities	6.12B	5.99B	6.65B	6.55B	4.58B	3.22B
Stockholders Equity	2.95B	2.91B	2.71B	2.74B	2.54B	2.01B
Cash Flow
Free Cash Flow	630.41M	972.77M	494.34M	88.94M	623.01M	723.51M
Operating Cash Flow	833.44M	1.12B	687.28M	352.30M	793.07M	937.25M
Investing Cash Flow	-219.67M	-157.49M	-178.06M	-821.18M	-1.36B	-216.60M
Financing Cash Flow	-718.43M	-1.09B	-351.00M	480.90M	501.94M	-369.89M

MasTec Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 178.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTZ, the sentiment is Neutral. The current price of 178 is below the 20-day moving average (MA) of 181.59, above the 50-day MA of 172.94, and above the 200-day MA of 145.10, indicating a neutral trend. The MACD of 2.35 indicates Positive momentum. The RSI at 49.57 is Neutral, neither overbought nor oversold. The STOCH value of 60.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MTZ.

MasTec Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACM	79 Outperform	$16.01B	24.58	28.17%	0.83%	1.50%	164.17%
APG	78 Outperform	$14.72B	104.84	8.26%	―	7.59%	―
PWR	76 Outperform	$57.69B	60.73	13.47%	0.10%	18.26%	21.24%
J	73 Outperform	$17.73B	37.07	9.29%	0.79%	-30.12%	-21.04%
MTZ	72 Outperform	$14.05B	52.82	9.38%	―	7.08%	3273.27%
Sector *	63 Neutral	$10.80B	16.55	6.58%	2.06%	2.37%	-15.86%
FLR	62 Neutral	$6.72B	1.71	102.24%	―	3.62%	943.43%

MasTec Corporate Events

MasTec Reports Strong Q2 2025 Financial Results

On July 31, 2025, MasTec, Inc. announced its financial results for the second quarter of 2025, reporting a 20% year-over-year revenue increase to a record $3.5 billion. The company also raised its full-year 2025 financial guidance, reflecting strong demand across its market segments and significant backlog growth. Despite a decrease in the Pipeline Infrastructure segment, MasTec achieved a 23% increase in its 18-month backlog, driven by new awards in Clean Energy and Infrastructure. The company exceeded expectations for net income and earnings per share, attributing its success to strong project execution and a favorable demand climate.

The most recent analyst rating on (MTZ) stock is a Hold with a $120.00 price target. To see the full list of analyst forecasts on MasTec stock, see the MTZ Stock Forecast page.

MasTec Secures $1.9 Billion Credit Agreement

On June 26, 2025, MasTec, Inc. and its subsidiary MasTec North America entered into an Amended and Restated Credit Agreement with Bank of America and other lenders, which provides a $1.9 billion revolving credit facility and eliminates certain financial restrictions. This agreement replaces the previous credit agreement from November 2021 and extends the maturity to five years, offering more flexibility in financial operations. Additionally, MasTec and its subsidiary entered into a new $600 million senior unsecured term loan agreement to repay existing loans and for general corporate purposes, with a maturity of three years and specific leverage ratio requirements.

The most recent analyst rating on (MTZ) stock is a Hold with a $120.00 price target. To see the full list of analyst forecasts on MasTec stock, see the MTZ Stock Forecast page.

MasTec Confirms Directors and Approves Key Proposals

On May 22, 2025, MasTec, Inc. held its Annual Meeting where shareholders voted on several key proposals. The election of C. Robert Campbell, Robert J. Dwyer, and Ava L. Parker as Class III directors was confirmed, with their terms set to last until the 2028 Annual Meeting. Additionally, the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the 2025 fiscal year was ratified, and a non-binding advisory resolution on executive compensation was approved.

The most recent analyst rating on (MTZ) stock is a Hold with a $120.00 price target. To see the full list of analyst forecasts on MasTec stock, see the MTZ Stock Forecast page.