MTZ on NYSE

MasTec

Infrastructure and construction company

Mastec, Inc. is an American infrastructure engineering and construction company based in Coral Gables, Florida.3 From Wikipedia, CC BY-SA 4.0

$192.56 down 1.90 (0.98%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

Mar 11, 1994Founded1

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  • TickerMTZ on NYSE1
  • Industryconstruction1
  • HeadquartersCoral Gables1
  • Websitewww.mastec.com
  • Incorporated inFL5
  • Business address800 S. Douglas Road, 10Th Floor, Coral Gables, Fl 331345
  • Filer categoryLarge accelerated filer5

Mastec, Inc. is an American infrastructure engineering and construction company based in Coral Gables, Florida. The company provides engineering, building, installation, maintenance and upgrade of energy, utility and communications infrastructure. Its customers are primarily in the utility, communications and government industries.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

2.8%Net margin7
16.2%Revenue growth, 20257
12.2%Return on equity7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Clean Energy and Infrastructure brought in 33% of the revenue MasTec broke down this way in fiscal 2025.

  1. Clean Energy and Infrastructure$4.7B733%up 15% from 2024
  2. Power Delivery$4.2B729%up 16% from 2024
  3. Communications$3.3B723%up 32% from 2024
  4. Pipeline Infrastructure$2.1B715%up 0% from 2024
Business segments by year
Business segments202320242025
Clean Energy and Infrastructure$4.0B$4.1B$4.7B
Power Delivery$3.6B$3.6B$4.2B
Communications$2.4B$2.5B$3.3B
Pipeline Infrastructure$2.1B$2.1B$2.1B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs97¢$13.8B
  • Income tax1¢$93.4M
  • Profit3¢$399.0M

Out of $14.3B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks14¢$77.3M
  • Kept or used elsewhere86¢$468.4M

Out of $545.7M of cash from operations.7

Financial statements

Revenue8910117$14.3B in 2025+99% since 2019
0$5.0B$10.0B$15.0B2019: $7.2B$7.2B20192020: $6.3B$6.3B2020−12%2021: $8.0B$8.0B2021+26%2022: $9.8B$9.8B2022+23%2023: $12.0B$12.0B2023+23%2024: $12.3B$12.3B2024+3%2025: $14.3B$14.3B2025+16%
Net income8910117$399.0M in 2025+2% since 2019
-$200.0M0$200.0M$400.0M2019: $392.3M$392.3M20192020: $322.8M$322.8M2020−18%2021: $328.8M$328.8M2021+2%2022: $33.4M$33.4M2022−90%2023: -$49.9M-$49.9M20232024: $162.8M$162.8M20242025: $399.0M$399.0M2025+145%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Revenue$14.3B$12.3B$12.0B
Costs of revenue, excluding depreciation and amortization$12.5B$10.7B$10.6B
Depreciation$295.9M$366.8M$433.9M
Amortization of intangible assets$131.2M$139.9M$169.2M
General and administrative expenses$713.0M$684.5M$698.9M
Interest expense, net$173.0M$193.3M$234.4M
Equity in earnings of unconsolidated affiliates, net-$32.0M-$30.2M-$30.7M
Loss on extinguishment of debt$0$11.3M$0
Other (income) expense, net-$3.8M$11.0M-$40.9M
Income (loss) before income taxes$515.4M$251.0M-$82.7M
(Provision for) benefit from income taxes-$93.4M-$51.5M$35.4M
Net income (loss)$422.0M$199.4M-$47.3M
Net income attributable to non-controlling interests$23.0M$36.6M$2.7M
Net income (loss) attributable to MasTec, Inc.$399.0M$162.8M-$49.9M
Basic earnings (loss) per share (in dollars per share)$5.12$2.09-$0.64
Basic weighted average common shares outstanding (in shares)77.9M shares78.0M shares77.5M shares
Diluted earnings (loss) per share (in dollars per share)$5.07$2.06-$0.64
Diluted weighted average common shares outstanding (in shares)78.7M shares78.9M shares77.5M shares

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The story

Early 1900s: Beginning as Burnup & Sims

The company was formed by the merger of two separate companies: Burnup & Sims and Church & Tower. Burnup & Sims was the oldest of the two founding companies and was founded in 1929 by two unemployed carpenters, Russell Burnup and Riley V. Sims, to provide design, construction, and maintenance services to the telephone and utilities industries. During the years of the Great Depression, the two established an office in West Palm Beach, Florida, and by 1936, had a small fleet of trucks and staff. The company's first telecommunications projects were undertaken the following year at Cape Canaveral, where it was responsible for burying 85 miles of cable.

B&S contributed to national defense during World War II by building airfields and telephone systems. After the war, the company became involved in the laying of underwater cable from Florida to Puerto Rico, and from there to Barbados, for such companies as AT&T and General Telephone. Projects then took on a greater geographical scope, as B&S established underground telecommunications systems and built radio towers in Costa Rica, Barbados, Trinidad-Tobago, and Venezuela.

1960s: Church & Tower is formed

Founded in Cuba, Church & Tower incorporated in Miami, Florida, in 1968 to construct and service telephone networks in Puerto Rico and Miami. When it overextended itself in Puerto Rico and could not build the telephone-infrastructure networks needed in Miami, the company's owner asked his friend, Cuban immigrant Jorge Mas Canosa, to help save the business. In exchange for half ownership of CTF, Mas Canosa began to manage the company in 1969.

Eager to improve the business, Mas Canosa climbed down into ditches, manholes, and trenches to observe workers’ construction methods. He listened to advice from telephone-companies and government inspectors; he studied books about the most efficient and newest construction methods. BellSouth Telecommunications, Inc. awarded Church & Tower a long-term contract for projects in the greater Miami and Fort Lauderdale areas. By 1971, Mas Canosa had turned the failing company around; he then borrowed $50,000 and bought the remaining shares of the firm.

1990s: Founding of MasTec

On March 11, 1994, Church & Tower Group acquired 65 percent of the outstanding common stock of publicly traded Burnup & Sims, Inc. The name of Burnup & Sims was changed to MasTec, Inc., Jorge Mas Canosa became MasTec's chairman and his son, Jorge Mas, was named president and chief executive officer. Mastec was now regarded as a “minority business enterprise,” publicly traded on NASDAQ under the symbol MTZ.

21st century

In April 2007, Jose Mas became CEO of MasTec. MasTec, Inc. earned total revenues of $3B in 2011 and, in addition to the MasTec brand, works under the following brand names: Wanzek, Power Partners, Precision Pipeline, Pumpco, nsoro, Advanced Technologies, ADVent, EC Source, Fabcor, Cam Communications, 3 PhaseLine, Optima Network Services, White Construction, and Globetec.

During 2024, MasTec completed three acquisitions. These included a construction company specializing in underground utility infrastructure and datacenter utility systems, a heavy civil contractor focused on transportation projects, and a company specializing in pipeline infrastructure and heavy civil projects. MasTec said the acquisitions were intended to expand its capabilities in datacenter, heavy civil, and pipeline infrastructure.

MasTec completed several smaller acquisitions during 2025, including companies involved in telecommunications construction, roadway infrastructure, construction management and design-build services, and home installation services. The aggregate purchase price of these acquisitions consisted of approximately $87 million in cash, net of cash acquired, together with an earn-out liability valued at $13 million.

From Wikipedia’s article on MasTec, shared under CC BY-SA 4.0.6

Leadership

Who has led MasTec, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (22)

Products and brands

MasTec completed the Willows, California, solar power facility in May 2011. The 380kv system consists of 58 Dual Axis trackers with 24 PV Modules mounted to each tracker. The system will provide power to the city's waste water treatment plant.

From Wikipedia’s article on MasTec, shared under CC BY-SA 4.0.6

Former names

  • BURNUP & SIMS INCJan 20, 1994 to May 13, 19945

Timeline

  1. Nov 13, 2007New chief executive Jose Ramon Mas becomes CEO15
  2. Aug 18, 2003New chief executive Austin J. Shanfelter becomes CEO16
  3. Feb 14, 1997Went public Listed on NYSE1
  4. Mar 11, 1994Founded Founded1

Recent filings

  1. Aug 18, 20264
  2. Aug 18, 20264
  3. Aug 18, 20264
  4. Aug 18, 20264
  5. Aug 18, 20264
  6. Aug 18, 20264
  7. Aug 18, 20264
  8. Aug 18, 20264
  9. Aug 17, 20268-K
  10. Aug 13, 2026SCHEDULE 13D/A
  11. Aug 13, 2026SCHEDULE 13D/A
  12. Aug 13, 20264
  13. Aug 13, 20264
  14. Aug 10, 2026424B5
  15. Aug 10, 20268-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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