MTZ · NYSE · Engineering & Construction

MasTec (MTZ)

Engineers, builds and maintains communications, clean-energy, power-delivery and pipeline infrastructure.

$226.07
vs last close+3.17 (+1.42%)
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MasTec, Inc.MTZ
Industrials

Builds and maintains communications networks, clean-energy and heavy-civil projects, power-delivery systems and pipelines, primarily across North America. Revenue comes from engineering, construction and maintenance work for customers’ infrastructure programs, while acquisitions have expanded capabilities and customer relationships.

Designs, builds, installs and maintains infrastructure primarily across North America. Communications covers wireless, wireline and fiber networks; Clean Energy and Infrastructure spans renewable generation, storage and heavy-civil work; Power Delivery serves electric and gas systems; Pipeline Infrastructure handles natural-gas, water and carbon-related pipelines.

Execution rests on skilled crews, safety practices, engineering, project management and reliable delivery across a large operating footprint. Acquisitions have added capabilities, geography, workers and customer relationships, moving the platform beyond its telecommunications roots.

Results depend on customers’ capital programs, labor availability, weather, permitting and contract continuity. Project performance and successful integration of acquired operations also shape the business.

Company facts

CEOJosé R. Mas
ListedFeb 14, 1997
ExchangeNYSE
HeadquartersCoral Gables, FL
CountryUnited States
Employees36,000
CIK0000015615
ISINUS5763231090

Market cap$17.90B
EPS (ttm)$6.27
P/E (ttm)35.55
ROE15.3%
P/B5.15
P/S1.11
Dividend yieldDiv yield
Beta1.74vs XLI 1.22

Price target$430.00+92.9%Average of 36 analysts
ConsensusBuy32 of 36 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 8, 2026Piper SandlerInitiate
Rating: Target: $175
Rating: OverweightTarget: $321
Aug 12, 2026Goldman SachsReiterate
Rating: Target:
Rating: BuyTarget: $409
Aug 4, 2026UBSReiterate
Rating: Target: $252
Rating: BuyTarget: $410
Aug 3, 2026Robert W. BairdTarget
Target: $475
Target: $363
Aug 3, 2026KeybancReiterate
Rating: Target: $500
Rating: OverweightTarget: $371

Next report
Oct 29, 26
in 37 days
EPS estimate
$2.96
Revenue estimate
$4.94B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$1.44$0.51$1.49$2.48$2.07$1.39$2.22Pending
Estimate$1.28$0.34$1.41$2.32$1.95$0.99$2.23$2.96
Surprise+12.5%+52.2%+5.7%+6.9%+6.2%+40.5%−0.4%

RevenueReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$3.40B$2.85B$3.54B$3.97B$3.94B$3.83B$4.37BPending
Estimate$3.32B$2.71B$3.74B$3.91B$3.72B$3.47B$4.30B$4.94B
Surprise+2.6%+5.0%−5.1%+1.4%+6.0%+10.2%+1.6%
Estimate$2.96
ReportedDue Oct 29, 2026
Estimate$4.94B
ReportedDue Oct 29, 2026
View details

Debt to equity93.10%
Current ratio140.00%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$3.25B$3.40B$2.85B$3.54B$3.97B$3.94B$3.83B$4.37B
Net income$95.2M$74.7M$9.9M$85.8M$160.7M$142.7M$69.7M$130.1M
Net margin2.9%2.2%0.3%2.4%4.0%3.6%1.8%3.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$179.7M$138.3M$36.1M$156.3M$356.7M$208.2M$141.8M$226.2M
YoY growth−25.2%+182.7%+6,903.5%+32.6%+98.5%+50.5%+293.2%+44.8%

Balance sheet, Jun 30, 2026Cash & short-term investments $315.6M · Total debt $3.24B · Total assets $10.93B · Shareholders' equity $3.48B

Revenue
$4.37B
Operating income
$226.2M
Net income
$130.1M
View details

No dividends on record.

Institutions74.70%59.99M shares
947 holders · as of Jun 30, 2026
Insiders14.02%11.26M shares
14 holders · as of Aug 18, 2026
Other11.28%9.06M shares
remainder

80.30M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
9.51%7.64Mas of Jun 30, 2026
Jose Ramon Mas1Insiderdirector, officer: CEO
7.70%6.19Mfiled Aug 13, 2026
Jorge MasInsiderdirector
5.67%4.56Mfiled Mar 20, 2026
Peconic Partners LLCInstitution
4.58%3.68Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
3.53%2.83Mas of Jun 30, 2026
  1. Jose Ramon Mas's transaction reports restate only vehicles that traded; the 2026 ownership statement (6.19M) is used instead.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 3, 2026Ernst N. Csiszardirector−6,500$371.17
May 4, 2026C. Robert Campbelldirector−3,000$417.00
Mar 25, 2026Javier Alberto Palomarezdirector−950$325.43
Mar 3, 2026Ernst N. Csiszardirector−6,500$300.40
Nov 3, 2025Timothy Michael Loveofficer: CAO−1,929$206.15
View details

  • Quanta Services

    Broad overlap across power, renewables, communications, and pipelines

  • Primoris Services

    Utility and energy contractor spanning grid, renewables, and pipelines

  • Dycom Industries

    Specialist rival in telecom networks and adjacent utility construction

  • MYR Group

    Focused competitor in electric-grid and commercial electrical projects

  • EMCOR Group

    Electrical and industrial contractor overlapping in power and data centers

  • Granite Construction

    Civil-infrastructure rival in transport, water, and selected energy work

Compare

CompanyPriceChange
MasTec$226.07+1.42%$17.90B35.620.41.1+23.4%
Quanta Services$645.19+0.40%$96.61B73.635.82.9+41.1%
Primoris Services$76.83−0.11%$4.17B30.319.30.6−10.7%
Dycom Industries$291.42−0.04%$8.76B26.616.81.3+45.6%
MYR Group$289.70+0.43%$4.49B27.422.51.1+20.2%
EMCOR Group$757.710.00%$33.42B23.721.71.8+19.8%
Granite Construction$116.53+0.28%$5.09B16.61.0+29.3%
Median27.420.51.2+24.7%