MasTec, Inc. (MTZ) is listed on NYSE and operates in the Engineering & Construction industry (Industrials sector).
MasTec, Inc., an infrastructure 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 Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, cable, and power lines, which provide wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy; natural gas, product transport; electrical and gas transmission, and distribution systems; heavy industrial plants; compressor and pump stations, and treatment plants; water and sewer infrastructure, including water pipelines; and other civil construction infrastructure. It also installs electrical and other gas distribution and transmission systems, power generation facilities, buried and aerial fiber optic and other cables, as well as home automation and energy management solutions. 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 heavy civil infrastructure; service restoration for natural disasters and accidents; and routine replacements and upgrades to overhauls. ...
| Rating | Analysts |
|---|---|
| Strong Buy | 0 |
| Buy | 32 |
| Hold | 4 |
| Sell | 0 |
| Strong Sell | 0 |
MasTec, Inc. is an infrastructure construction company that offers a range of services, including engineering, building, installation, maintenance, and upgrades for various infrastructure sectors in the United States and Canada. The company operates through several segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other. MasTec constructs both underground and overhead distribution systems, such as trenches, conduits, cell towers, cables, and power lines, supporting wireless and wireline/fiber communications. It is involved in developing clean energy infrastructure, including renewable energy projects, and handles natural gas and product transport systems. The company also works on electrical and gas transmission and distribution systems, heavy industrial plants, compressor and pump stations, treatment plants, and water and sewer infrastructure. Additionally, MasTec installs power generation facilities, fiber optic cables, and home automation and energy management solutions. The company provides maintenance and upgrade services, including service restoration and routine infrastructure upgrades. Its clientele includes public and private energy providers, pipeline operators, communication service providers, and government entities. Founded in 1929, MasTec is headquartered in Coral Gables, Florida.
Over the past three fiscal years, the company has demonstrated a robust growth trajectory, with revenue consistently increasing at a compound annual growth rate (CAGR) of 9.2%, rising from $11.996 billion in 2023 to $14.299 billion in 2025. This revenue growth has been accompanied by a significant improvement in profitability. The operating margin expanded by 3.3 percentage points from 1.3% to 4.6%, and the net margin turned positive, improving by 3.2 percentage points from -0.4% to 2.8%. This profitability turnaround is further reflected in the earnings per share (EPS), which increased from a loss of $0.64 in 2023 to a gain of $5.07 in 2025. Despite these positive trends, cash generation has been inconsistent. Operating cash flow (OCF) decreased from $687 million to $546 million, and free cash flow (FCF) declined from $494 million to $286 million, with the FCF margin compressing by 2.1 percentage points to 2.0%. On the capital efficiency front, the company improved its return on invested capital (ROIC) to 9.95%, indicating better utilization of its capital base. Additionally, the asset turnover ratio increased to 1.50, suggesting enhanced efficiency in generating revenue from its assets. However, the company experienced a slight increase in its share count by 1.5%, which could slightly dilute per-share gains. Overall, while the company has shown strong revenue and profitability growth, the decline in cash flow generation and the increase in share count present areas for potential concern.
Recent developments for MasTec, Inc. highlight significant analyst activity and institutional trading. On April 17, MasTec announced its upcoming first-quarter 2026 earnings conference call, signaling a focus on financial performance. Analyst sentiment has been positive, with Stifel raising MasTec's price target as transmission surveys reach record highs, suggesting potential growth in infrastructure. Additionally, MasTec's stock reached a new 52-week high following multiple analyst upgrades, including Citigroup raising its target price to $284 and UBS Group increasing theirs to $354. Institutional trading activity has been notable, with Bayforest Capital Ltd selling 2,555 shares, while AQR Capital Management LLC increased its holdings by 108,504 shares, now owning over 1 million shares valued at approximately $181.96 million. Conversely, Campbell Newman Asset Management Inc. reduced its position by 8% in the fourth quarter. These transactions reflect diverse strategies among institutional investors, with some increasing their stakes in anticipation of future growth, while others adjust their portfolios. Overall, the analyst upgrades and institutional interest suggest a cautiously optimistic outlook for MasTec amid its strategic focus on infrastructure expansion.