MasTec Financial Strength and Growth Prospects

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MasTec has a strong financial foundation, with a market capitalization of over $8 billion. This significant market value indicates the company's stability and potential for growth.

The company's revenue has been steadily increasing, with a five-year average annual growth rate of 15%. This consistent growth demonstrates MasTec's ability to expand its business and meet market demands.

MasTec's financial performance has been driven by its diverse portfolio of services, including infrastructure construction, maintenance, and engineering. The company's expertise in these areas has allowed it to secure contracts with major clients in various industries.

With a debt-to-equity ratio of 0.53, MasTec has a manageable level of debt, which enables the company to invest in growth opportunities while maintaining financial stability.

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Leadership and Operations

At the helm of MasTec are experienced leaders who have a deep understanding of the company's operations.

Jorge Mas serves as the chairman of the board and former CEO, having led the company from 1992 to 1997. He's also the brother of current CEO, Jose Mas.

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Jose Mas took over as CEO in 2007, bringing with him a wealth of knowledge and experience. He's been at the forefront of MasTec's growth and success.

Robert Apple has been instrumental in the company's operations, serving as COO since 2006. Prior to this role, he was group president for MasTec's energy service operations.

C. Robert Campbell has been a vital part of the company's financial team, serving as executive vice president and CFO since October 2004.

Alberto de Cardenas has been responsible for all of MasTec's corporate and operational legal matters, as well as corporate secretary matters, since 2005.

Industries and Services

MasTec is a company that offers a wide range of services across various industries. They have a long history in the communications industry, constructing transmission lines and digging trenches for companies like Bell South in Florida.

Their expertise in trenching is still useful today, as they construct and maintain radio towers for mobile phone carriers. They also install fiber optic cable, which is essential for high-speed internet and data transmission.

Credit: youtube.com, MasTec Tech Advancement

In addition to communications, MasTec provides services for the energy sector. They build pipelines for the transportation of crude oil and natural gas, as well as pumping stations, compressor stations, and treatment facilities. This is crucial for getting oil and natural gas to market.

MasTec's services also extend to the construction of power generation facilities, including renewable energy power generation. They install electrical and gas distribution and transmission systems, as well as power generation systems.

Their services are not limited to these industries, as they also provide infrastructure for water, roads, bridges, and rail. They install fiber optic and other cables, which are essential for modern communication systems.

MasTec's customers include a wide range of companies and government entities, including wireless and wireline/fiber service providers, public and private energy providers, and government entities. They offer maintenance and upgrade support services, including maintenance of customers' distribution facilities, networks, and infrastructure.

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Renewable Energy and Sustainability

Credit: youtube.com, Get to Know Wanzek, a MasTec Renewables company

MasTec is a contractor that constructs wind farms, solar energy facilities, and power plants. They have built several notable wind farms, including the Clipper Wind Farm in Jefferson, Minnesota, and the Crow Lake Wind Farm in White Lake, South Dakota.

Their subsidiary, Wanzek Construction, has also worked on various solar energy projects, such as the Douglas County Schools project in Denver, Colorado, where photo voltaic panels were installed onto 31 rooftops.

MasTec completed the Willows, California, solar power facility in May 2011, which consists of 58 Dual Axis trackers with 24 PV Modules mounted to each tracker. This system will provide power to the city's waste water treatment plant.

MasTec has experience with various types of renewable energy projects, including wind and solar power. Their expertise extends to designing and building power plants, like the Cornhusker Energy Power Plant in Lexington, Nebraska.

MasTec's involvement in renewable energy projects is a significant aspect of their business. They have a wholly owned subsidiary, MasTec Power Corp., which provides EPC services for a variety of fuel types.

Financial Performance

Credit: youtube.com, MasTec MTZ Q2 2025 Earnings Call

MasTec's financial performance is a mixed bag. The company's trailing total returns as of 10/23/2025 include dividends or other distributions, but we don't know the exact figure.

The company's balance sheet and cash flow situation is concerning, with a total debt/equity ratio of 88.60% as of the most recent quarter. This is a significant amount of debt, but the company's levered free cash flow is a respectable $455.15M.

Here are some key financial metrics for MasTec:

The company's revenue growth has been decent, with a 7.1% increase over the last year and a 54% increase over the past three years. However, the company's revenue growth is expected to slow down in the future, with analysts predicting a 9.8% annual growth rate over the next three years.

Financial Statements

MasTec's recent revenue growth has been inferior to most other companies, making it a relatively sluggish performer. This could be a sign that investors are expecting a turnaround, which has kept the price-to-sales (P/S) ratio stable.

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The company's balance sheet shows a significant amount of debt, with a total debt-to-equity ratio of 88.60% as of the most recent quarter. This is a red flag for investors who value financial stability.

MasTec's cash flow situation is a bit more promising, with a levered free cash flow of $455.15 million over the trailing 12 months. This is a significant amount of money, but it's not entirely clear how it will be used.

Here are some key financial metrics for MasTec:

  • Total Cash (mrq): $191.05M
  • Total Debt/Equity (mrq): 88.60%
  • Levered Free Cash Flow (ttm): $455.15M

Valuation Measures

Let's take a closer look at MasTec's valuation measures. We can see that the company's market cap is a significant 17 billion dollars.

The enterprise value, which is a measure of the total value of the company, is even higher at 19.48 billion dollars.

MasTec's trailing P/E ratio is a bit high at 64.11, but the forward P/E ratio is more reasonable at 27.70.

Here's a summary of MasTec's valuation measures:

  • Market Cap: 17.00B
  • Enterprise Value: 19.48B
  • Trailing P/E: 64.11
  • Forward P/E: 27.70
  • PEG Ratio (5yr expected): 0.76
  • Price/Sales (ttm): 1.31
  • Price/Book (mrq): 5.77
  • Enterprise Value/Revenue: 1.49
  • Enterprise Value/EBITDA: 19.92

These numbers give us a snapshot of MasTec's current valuation, and they can be useful in making comparisons with other companies in the industry.

Profit and Income

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Let's take a closer look at MasTec's profit and income performance.

Profit Margin stands at 2.04%, a decent figure that indicates the company is able to retain a significant portion of its revenue as profit.

The Return on Assets (ttm) is 3.58%, which means that for every dollar invested in assets, the company generated 3.58 cents in profit.

Return on Equity (ttm) is a healthy 10.18%, showing that the company is generating a substantial return on shareholder equity.

Revenue for the last quarter (ttm) is a staggering $13.05 billion, a significant increase from previous periods.

Net Income Available to Common (ttm) is $265.65 million, a respectable figure that reflects the company's ability to generate profit.

Diluted EPS (ttm) is 3.36, indicating that each share of common stock is worth approximately $3.36 in terms of earnings per share.

What P/S Metrics Reveal About Revenue Growth

MasTec's revenue growth has been relatively sluggish compared to other companies, but it's had a pleasing increase of 7.1% in the last year.

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The company's revenue has lifted 54% in aggregate from three years ago, thanks in part to the last 12 months of growth. This is a superb performance for the company.

Analysts covering MasTec predict revenue should grow by 9.8% each year over the next three years, which is comparable to the industry's predicted 11% growth per annum.

MasTec's revenue growth figures match the rest of the industry, making its price-to-sales ratio adequate.

The Bottom Line

MasTec's financial performance is worth a closer look. Their profit margin is a relatively modest 2.04%, which may indicate that they're not yet maximizing their revenue.

Their revenue is substantial, however, at $13.05 billion. This is a significant amount of money, and it's clear that MasTec is a major player in their industry.

Here's a breakdown of their key financial metrics:

It's worth noting that their price-to-sales ratio is considered adequate by some, as their revenue growth figures match the rest of the industry.

Construction and Engineering

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MasTec, Inc. is a leading infrastructure construction company that provides engineering and construction services for various industries. They operate through five segments, including Communications, Clean Energy and Infrastructure, Power Delivery, Pipeline Infrastructure, and Other.

Their construction services cover a wide range of projects, from building infrastructure for wireless and wireline/fiber communications to constructing pipelines for the transportation of crude oil and natural gas. They also build pumping stations, compressor stations, and treatment facilities for oil and natural gas.

Some of the key areas where MasTec provides construction services include telecommunications, construction, and electric power. They have subsidiaries like Wanzek Construction and MasTec Power Corp. that offer design-build, EPC, and construction services for clients in the utility and private power producing markets.

Their customers include wireless and wireline/fiber service providers, broadband operators, and public and private energy providers. MasTec also offers maintenance and upgrade support services, including maintenance of customers' distribution facilities, networks, and infrastructure.

Here are some of the specific services MasTec provides in the construction and engineering sector:

  • Telecommunications
  • Construction
  • Construction in Houston, TX
  • Electric power transmission systems and sub stations
  • Pipeline infrastructure, including natural gas, water, and other product transport

Puerto Rico Power Grid Rebuild

Credit: youtube.com, Rebuilding Puerto Rico's power grid

MasTec was awarded a $500M one-year contract for the restoration, reconstruction and modernization of Puerto Rico's power grid.

The contract was awarded in June 2018, nearly a year after Hurricane Maria damaged the grid in September 2017.

Through their subsidiaries Wanzek Construction and MasTec Power Corp., MasTec provided design-build, EPC, and construction services for the project.

MasTec's involvement in the project demonstrates their expertise in building and maintaining high voltage electric power transmission systems.

Engineering & Industrials

MasTec, Inc. is a leading infrastructure construction company that provides a wide range of services in the United States and Canada. They operate through five segments: Communications, Clean Energy and Infrastructure, Power Delivery, Pipeline Infrastructure, and Other.

Their services include building infrastructure for wireless and wireline/fiber communications, clean energy infrastructure, pipeline infrastructure, power delivery services, and industrial and heavy civil infrastructure. They also install electrical and gas distribution and transmission systems, power generation, and civil and industrial facilities.

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MasTec was founded in 1929 and is headquartered in Coral Gables, Florida. They have a long history of providing engineering and construction services to various clients.

Here are some of the services MasTec provides in the Electric Power Industry:

  • Building and maintaining high voltage electric power transmission systems
  • Constructing substations and switch yards
  • Providing design-build, EPC, and construction services for clients in the utility and private power producing markets

In the Oil and Natural Gas industry, MasTec builds pipelines for the transportation of crude oil and natural gas. They also construct pumping stations, compressor stations, and treatment facilities.

Some notable projects undertaken by MasTec include:

* A $500M one-year contract for the restoration, reconstruction, and modernization of Puerto Rico's power grid, damaged in 2017 by Hurricane Maria.

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Recent Performance and Analysis

MasTec's recent performance has been relatively sluggish, with revenue growth that's inferior to most other companies.

The company's trailing total returns as of 10/23/2025 are a key indicator of its performance, and they may include dividends or other distributions.

MasTec's P/S ratio has been kept from falling due to expectations of improving revenue performance, but this might not be the case.

Investors might get caught paying too much for the stock if revenue performance doesn't strengthen positively.

Frequently Asked Questions

What does MasTec install?

MasTec installs and engineers power plants, wind farms, and solar energy facilities, specializing in natural gas and alternative fuel power plants. They bring renewable energy projects to life.

Richard Harvey-Nolan

Junior Writer

Richard Harvey-Nolan is a rising star in the world of journalism, with a keen eye for detail and a passion for storytelling. With a background in economics and a love for finance, he brings a unique perspective to his writing. As a young journalist, Richard has already made a name for himself in the industry, covering a range of topics including precious metals news.

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