MasTec, Inc., an infrastructure construction company, provides engineering, construction, installation, maintenance, and upgrade services for communications, energy, utilities, and other infrastructure primarily in the United States and Canada. The company is headquartered in Coral Gables, Florida.
| Revenue (TTM) | $17.29B |
| Gross Profit (TTM) | $2.20B |
| EBITDA | $1.37B |
| Operating Margin | 5.64% |
| Return on Equity | 14.50% |
| Return on Assets | 4.43% |
| Revenue/Share (TTM) | $221.01 |
| Book Value | $52.03 |
| Price-to-Book | 3.15 |
| Price-to-Sales (TTM) | 0.81 |
| EV/Revenue | 0.982 |
| EV/EBITDA | 12.12 |
| Quarterly Earnings Growth (YoY) | -7.40% |
| Quarterly Revenue Growth (YoY) | 29.90% |
| Shares Outstanding | $80.31M |
| Float | $62.37M |
| % Insiders | 21.16% |
| % Institutions | 76.95% |
Volatility is currently expanding
MasTec's Q3 earnings highlight surging Power Delivery demand and a record $24.5B backlog, while pipeline delays and margin pressures shape its 2027 outlook.
MasTec, Inc. ( MTZ ) Q3 2026 Earnings Call October 30, 2026 9:00 AM EDT Company Participants Ati Modak Jose Mas - CEO & Director Paul Dimarco - Executive VP & CFO Conference Call Participants Jamie Cook - Truist Securities, Inc., Research Division Sangita Jain - KeyBanc Capital Markets Inc., Research Division Liam Burke - B. Riley Securities, Inc., Research Division Alexander Rygiel - Texas Capital Securities, Research Division Steven Fisher - UBS Investment Bank, Research Division Dimple Gosai - Piper Sandler & Co., Research Division Manish Somaiya - Cantor Fitzgerald & Co., Research Division Julien Dumoulin-Smith - Jefferies LLC, Research Division Andrew Kaplowitz - Citigroup Inc., Research Division Justin Hauke - Robert W.
MTZ's Q3 earnings and revenues beat estimates on Power Delivery strength and record backlog, but pipeline delays prompt a cut to its 2026 profit outlook.
CORAL GABLES, Fla.--(BUSINESS WIRE)--MasTec, Inc. (NYSE: MTZ) today announced third quarter 2026 financial results and updated full year 2026 financial guidance. MasTec reported third quarter revenue of $5.2 billion and Adjusted EBITDA of $486 million, both up ~30% year-over-year. Backlog of $24.5 billion was ~46% higher year-over-year. Jose Mas, MasTec's Chief Executive Officer, stated, “We are pleased with our third-quarter performance, as both revenue and Adjusted EBITDA were ahead of our ex.
MTZ's Q3 earnings are expected to rise on strong infrastructure demand, power delivery and clean energy growth, but communications weakness poses challenges.
EME and MTZ both benefit from AI infrastructure demand, but the former's stronger execution and 35.49% ROE contrast with the latter's discounted valuation and faster projected EPS growth.
MasTec (MTZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MTZ's fiber expansion and hyperscaler opportunities could fuel a 2027 Communications rebound, but project delays and weaker wireless demand remain hurdles.
MasTec is rated Buy as robust infrastructure demand and the Superior acquisition drive record revenues, profitability, and backlog. I see the Superior acquisition as a catalyst for cross-selling and margin expansion, especially in power delivery and critical facility construction. Despite sector-leading growth, MTZ trades at a significant valuation discount, with FWD PEG at 0.58 and FWD EV/Sales at 1.09x.
MTZ's record backlog and raised 2026 guidance signal strong growth, but negative free cash flow and cash conversion challenges remain key concerns.
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