MasTec revenue and financials
$223.69Change from previous close: −2.02%Absolute change: −$4.61
In the fiscal year ended December 2025, MasTec reported revenue of $14.3B (+16.22% year over year). Net income was $399.04M, a net margin of 2.8%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +16.22%
- 2025 vs 2024
- Net income growth
- +145.13%
- 2025 vs 2024
- Net margin
- 2.8%
- 2024: 1.3%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 21.5 | 98.9 | 373 | 89.0 | 5.6 | 78.4 | 472 | 278 | 264 | 108 | 491 | 294 |
| Depreciation and amortization | 124 | 122 | 111 | 105 | 103 | 109 | 115 | 115 | 136 | 141 | 152 | 157 |
| Capital expenditure | -91.5 | -96.8 | -80.2 | -68.7 | -63.8 | -47.3 | -48.3 | -43.6 | -31.5 | -25.4 | -35.6 | -38.3 |
| Investing cash flow | -89.9 | -336 | -112 | -68.7 | -51.7 | -34.9 | -76.7 | -56.3 | -11.4 | -13.0 | -6.4 | -30.2 |
| Financing cash flow | 110 | 115 | -96.4 | 20.2 | -110 | -97.7 | -174 | -337 | -204 | -375 | -169 | -169 |
| Share repurchases | 0.0 | 0.0 | 0.0 | 0.0 | -50.5 | -26.8 | — | — | — | — | — | — |
| Debt issued | 1,823 | 1,354 | 1,190 | 1,532 | 2,360 | 517 | 996 | 995 | 1,795 | 863 | 1,122 | 1,569 |
| Debt repaid | -1,686 | -1,212 | -1,249 | -1,484 | -2,402 | -568 | -1,145 | -1,278 | -1,985 | -1,224 | -1,289 | -1,723 |
| Effect of exchange rates | -0.1 | -0.1 | 0.2 | -0.2 | 1.0 | 0.1 | -2.6 | -0.3 | -0.5 | -0.1 | 0.5 | -0.6 |
| Net change in cash | 42.0 | -122 | 165 | 40.4 | -155 | -54.2 | 219 | -116 | 48.3 | -280 | 315 | 94.3 |
| Free cash flow | -70.1 | 2.1 | 293 | 20.3 | -58.2 | 31.1 | 423 | 234 | 233 | 82.3 | 455 | 256 |
| Levered free cash flow | -129 | -63.2 | 306 | -173 | -55.2 | 20.8 | 385 | 107 | 261 | 128 | 516 | 374 |