MasTec, Inc. (MTZ) Income Statement
MTZ 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMTZ revenue and net income
Where MTZ's revenue goes
2025Each bar shows an amount and its share of revenue. MTZ kept 2.8% of revenue as net income.
MTZ profit margins
MTZ growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +16.2% | +13.5% | +17.7% | +13.0% |
| Gross profit | −16.1% | +4.6% | +5.4% | +10.9% |
| Operating income | +49.6% | +73.4% | +5.9% | +27.7% |
| Net income | +145.1% | +128.7% | +4.3% | — |
| EPS (diluted) | +66.2% | +28.3% | +5.4% | +26.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MTZ quarterly EPS vs estimates
MasTec beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 29, 2026 (estimate $2.83).
MTZ income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.30B | $12.30B | $12.00B | $9.78B | $7.95B | $6.32B | $7.18B | $6.91B | $6.61B | $5.13B |
| Cost of revenue | $12.93B | $10.68B | $11.21B | $8.59B | $6.81B | $5.27B | $6.31B | $5.94B | $5.75B | $4.44B |
| Gross profit | $1.37B | $1.63B | $786.8M | $1.19B | $1.15B | $1.05B | $877.5M | $970.1M | $861.7M | $692.6M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $713.0M | $684.5M | $634.8M | $559.4M | $307.0M | $303.0M | $299.5M | $287.3M | $275.1M | $261.4M |
| Total operating expenses | $713.0M | $1.19B | $634.8M | $1.07B | $729.8M | $1.05B | $299.5M | $500.2M | $463.2M | $426.3M |
| Operating income | $652.6M | $436.4M | $152.0M | $125.1M | $416.2M | $490.4M | $578.0M | $495.5M | $398.5M | $276.6M |
| Interest income | $141.0M | $163.0M | $203.7M | $83.4M | $26.6M | $29.9M | $49.7M | $58.7M | $39.7M | $47.2M |
| Interest expense | $173.0M | $193.3M | $234.4M | $112.3M | $53.4M | $59.6M | $77.0M | $82.6M | $61.0M | $50.7M |
| Income before taxes | $515.4M | $251.0M | −$82.7M | $43.1M | $430.1M | $425.2M | $510.9M | $365.3M | $371.8M | $225.8M |
| Income taxes | $93.4M | $51.5M | −$35.4M | $9.2M | $99.3M | $102.5M | $116.8M | $106.1M | $22.9M | $91.8M |
| Net income | $399.0M | $162.8M | −$49.9M | $33.4M | $328.8M | $322.8M | $392.3M | $259.7M | $347.2M | $131.3M |
| EBITDA | $1.12B | $950.8M | $754.9M | $662.5M | $906.3M | $782.5M | $823.4M | $682.8M | $620.9M | $441.5M |
| EPS (diluted) | $6.48 | $3.90 | $1.96 | $3.07 | $5.56 | $4.98 | $5.21 | $3.79 | $2.91 | $1.89 |
| Gross margin | 9.6% | 13.2% | 6.6% | 12.2% | 14.4% | 16.6% | 12.2% | 14.0% | 13.0% | 13.5% |
| Operating margin | 4.6% | 3.5% | 1.3% | 1.3% | 5.2% | 7.8% | 8.0% | 7.2% | 6.0% | 5.4% |
| Net margin | 2.8% | 1.3% | −0.4% | 0.3% | 4.1% | 5.1% | 5.5% | 3.8% | 5.3% | 2.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.37B | $3.83B | $3.94B | $3.97B | $3.54B | $2.85B | $3.40B | $3.25B | $2.96B | $2.69B | $3.28B | $3.26B |
| Cost of revenue | $3.82B | $3.47B | $3.54B | $3.43B | $3.11B | $2.54B | $2.97B | $2.79B | $2.68B | $2.52B | $3.06B | $2.85B |
| Gross profit | $556.3M | $356.0M | $397.3M | $537.7M | $435.5M | $311.1M | $436.5M | $463.2M | $284.9M | $166.1M | $216.3M | $402.8M |
| Sales, general & admin | $206.5M | $214.2M | $189.1M | $181.0M | $176.7M | $166.2M | $183.0M | $168.9M | $167.1M | $165.5M | $178.2M | $162.3M |
| Total operating expenses | $330.1M | $214.2M | $189.1M | $181.0M | $279.3M | $275.0M | $298.2M | $283.4M | $167.1M | $165.5M | $167.4M | $162.3M |
| Operating income | $226.2M | $141.8M | $208.2M | $356.7M | $156.3M | $36.1M | $138.3M | $179.7M | $117.8M | $515,000 | $48.9M | $240.4M |
| Interest income | — | — | $36.6M | $38.9M | $36.8M | $28.7M | $35.5M | $40.0M | — | — | — | $55.8M |
| Interest expense | $47.2M | $43.5M | $44.6M | $45.4M | $43.9M | $39.0M | $43.6M | $47.0M | $50.6M | $52.1M | $59.7M | $62.6M |
| Income before taxes | $193.7M | $91.5M | $174.0M | $211.6M | $120.8M | $8.9M | $96.4M | $137.0M | $63.1M | −$45.5M | $14,000 | $22.9M |
| Income taxes | $48.0M | −$21.8M | $21.0M | $45.1M | $30.7M | −$3.4M | $11.7M | $31.5M | $19.3M | −$11.1M | −$1.2M | $7.6M |
| Net income | $130.1M | $69.7M | $142.7M | $160.7M | $85.8M | $9.9M | $74.7M | $95.2M | $34.0M | −$41.2M | $753,000 | $14.3M |
| EBITDA | $364.5M | $256.8M | $329.7M | $361.6M | $267.3M | $156.8M | $255.2M | $298.6M | $249.4M | $147.6M | $211.3M | $240.4M |
| EPS (diluted) | $2.10 | $1.39 | $2.00 | $2.48 | $1.49 | $0.51 | $1.44 | $1.63 | $0.96 | −$0.13 | $0.66 | $0.95 |
| Gross margin | 12.7% | 9.3% | 10.1% | 13.6% | 12.3% | 10.9% | 12.8% | 14.2% | 9.6% | 6.2% | 6.6% | 12.4% |
| Operating margin | 5.2% | 3.7% | 5.3% | 9.0% | 4.4% | 1.3% | 4.1% | 5.5% | 4.0% | 0.0% | 1.5% | 7.4% |
| Net margin | 3.0% | 1.8% | 3.6% | 4.0% | 2.4% | 0.3% | 2.2% | 2.9% | 1.1% | −1.5% | 0.0% | 0.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MTZ's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MTZ financial results
In fiscal year 2025 (ended December 31, 2025), MasTec reported revenue of $14.3 billion, up 16.2% from the year before. It had net income of $399.0 million (up 145.1%), a net profit margin of 2.8%. Diluted earnings per share came to $6.48. Over five years revenue grew at an average rate of 17.7% a year.
See the MTZ stock overview for the latest quote and news, or the MTZ chart for price history and technical indicators.
MTZ income statement FAQ
What is MasTec's annual revenue?
MasTec reported total revenue of $14.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 16.2% from $12.3 billion the previous year.
Is MasTec profitable?
Yes. MasTec reported net income of $399.0 million in fiscal 2025, a net profit margin of 2.8%; its operating margin was 4.6%.
What is MasTec's gross margin?
MasTec's gross margin was 9.6% in fiscal 2025: for every $100 of revenue, MasTec kept $10 after the direct cost of its products and services.
How fast is MasTec growing?
Revenue grew 17.7% a year on average over the last five fiscal years, from $6.3 billion to $14.3 billion.
What are MasTec's earnings per share?
MasTec earned $6.48 per diluted share in fiscal 2025, compared with $3.90 a year earlier.
When will MasTec report its next earnings?
MasTec is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does MasTec's fiscal year end?
MasTec's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.