Mastec Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Mastec Inc reported revenue of $14.3B (+16.2% year on year) and net income of $422.0M (+111.6% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $14.3B | $12.3B | $12.0B | $9.8B |
| Costs of revenue, excluding depreciation and amortization | $12.5B | $10.7B | $10.6B | $8.6B |
| Depreciation | $295.9M | $366.8M | $433.9M | $371.2M |
| Amortization of intangible assets | $131.2M | $139.9M | $169.2M | $135.9M |
| General and administrative expenses | $713.0M | $684.5M | $698.9M | $559.4M |
| Interest expense, net | $173.0M | $193.3M | $234.4M | $112.3M |
| Equity in earnings of unconsolidated affiliates, net | ($32.0M) | ($30.2M) | ($30.7M) | ($28.8M) |
| Loss on extinguishment of debt | $0 | $11.3M | — | $0 |
| Other (income) expense, net | ($3.8M) | $11.0M | ($40.9M) | ($1.4M) |
| Income (loss) before income taxes | $515.4M | $251.0M | ($82.7M) | $43.1M |
| (Provision for) benefit from income taxes | ($93.4M) | ($51.5M) | $35.4M | ($9.2M) |
| Net income (loss) | $422.0M | $199.4M | ($47.3M) | $33.9M |
| Net income attributable to non-controlling interests | $23.0M | $36.6M | $2.7M | $534.0K |
| Net income (loss) attributable to MasTec, Inc. | $399.0M | $162.8M | ($49.9M) | $33.4M |
| Basic earnings (loss) per share (in dollars per share) | $5.12 | $2.09 | -$0.64 | $0.45 |
| Basic weighted average common shares outstanding (in shares) | 77.9M | 78.0M | 77.5M | 74.9M |
| Diluted earnings (loss) per share (in dollars per share) | $5.07 | $2.06 | -$0.64 | $0.42 |
| Diluted weighted average common shares outstanding (in shares) | 78.7M | 78.9M | 77.5M | 76.2M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $4.4B | $3.8B | $4.0B | $3.5B |
| Costs of revenue, excluding depreciation and amortization | $3.8B | $3.4B | $3.4B | $3.1B |
| Depreciation | $86.1M | $83.3M | $71.8M | $69.9M |
| Amortization of intangible assets | $37.5M | $38.6M | $32.7M | $32.7M |
| General and administrative expenses | $206.5M | $214.2M | $181.0M | $176.7M |
| Operating income | $226.2M | $141.8M | — | — |
| Interest expense, net | $47.2M | $43.5M | $45.4M | $43.9M |
| Equity in earnings of unconsolidated affiliates, net | ($10.3M) | $3.6M | ($6.6M) | ($7.0M) |
| Other (income) expense, net | ($4.4M) | $3.3M | $1.6M | ($1.3M) |
| Income before income taxes | $193.7M | $91.5M | $211.6M | $120.8M |
| Provision for income taxes | ($48.0M) | ($21.8M) | ($45.1M) | ($30.7M) |
| Net income | $145.7M | $69.7M | $166.5M | $90.1M |
| Net income attributable to non-controlling interests | $15.6M | $8.8M | $5.8M | $4.4M |
| Net income attributable to MasTec, Inc. | $130.1M | $60.8M | $160.7M | $85.8M |
| Basic earnings per share (in dollars per share) | $1.67 | $0.78 | $2.07 | $1.10 |
| Basic weighted average common shares outstanding (in shares) | 78.1M | 78.0M | 77.7M | 77.7M |
| Diluted earnings per share (in dollars per share) | $1.65 | $0.77 | $2.04 | $1.09 |
| Diluted weighted average common shares outstanding (in shares) | 78.9M | 78.8M | 78.6M | 78.5M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $396.0M | $399.9M | $529.6M | $370.6M |
| Accounts receivable, net of allowance | $1.5B | $1.4B | $1.4B | $1.4B |
| Contract assets | $2.0B | $1.6B | $1.8B | $1.7B |
| Inventories, net | $112.5M | $107.3M | $108.1M | $118.0M |
| Prepaid expenses | $183.6M | $118.9M | $105.9M | $122.3M |
| Other current assets | $94.8M | $89.1M | $104.2M | $118.6M |
| Total current assets | $4.3B | $3.7B | $4.0B | $3.9B |
| Property and equipment, net | $1.7B | $1.5B | $1.7B | $1.8B |
| Operating lease right-of-use assets | $457.3M | $396.2M | $418.7M | $279.5M |
| Goodwill, net | $2.2B | $2.2B | $2.1B | $2.0B |
| Other intangible assets, net | $656.2M | $727.4M | $784.3M | $946.3M |
| Other long-term assets | $503.5M | $447.2M | $418.5M | $409.2M |
| Total assets | $9.9B | $9.0B | $9.4B | $9.3B |
| Current portion of long-term debt, including finance leases | $154.3M | $186.1M | $177.2M | $171.9M |
| Current portion of operating lease liabilities | $175.6M | $146.2M | $137.8M | $96.5M |
| Accounts payable | $1.3B | $1.1B | $1.2B | $1.1B |
| Accrued salaries and wages | $248.3M | $205.2M | $198.9M | $181.9M |
| Other accrued expenses | $540.8M | $455.0M | $415.1M | $366.0M |
| Contract liabilities | $747.7M | $735.6M | $481.0M | $406.2M |
| Other current liabilities | $123.4M | $165.9M | $184.6M | $163.6M |
| Total current liabilities | $3.3B | $3.0B | $2.8B | $2.5B |
| Long-term debt, including finance leases | $2.2B | $2.0B | $2.9B | $3.1B |
| Long-term operating lease liabilities | $292.8M | $261.3M | $292.9M | $194.1M |
| Deferred income taxes | $478.2M | $362.8M | $390.4M | $571.4M |
| Other long-term liabilities | $370.6M | $326.1M | $243.7M | $238.4M |
| Total liabilities | $6.6B | $6.0B | $6.7B | $6.6B |
| Preferred stock, $1.00 par value: authorized shares - 5,000,000; issued and outstanding shares – none | 0 | 0 | 0 | 0 |
| Common stock, $0.10 par value: authorized shares - 145,000,000; issued shares - 99,319,916 and 99,029,011 (including 1,038,778 and 1,130,020 of unvested stock awards) as of December 31, 2025 and 2024, respectively | 9.9M | 9.9M | 9.9M | 9.9M |
| Capital surplus | $1.3B | $1.3B | $1.3B | $1.2B |
| Retained earnings | $2.7B | $2.3B | $2.1B | $2.2B |
| Accumulated other comprehensive loss | ($44.0M) | ($40.8M) | ($53.0M) | ($51.0M) |
| Treasury stock, at cost: 20,422,329 and 19,719,796 shares as of December 31, 2025 and 2024, respectively | -734.1M | -656.8M | -659.9M | -663.9M |
| Total MasTec, Inc. shareholders’ equity | $3.3B | $2.9B | $2.7B | $2.7B |
| Non-controlling interests | $75.2M | $75.5M | $15.1M | $3.9M |
| Total equity | $3.3B | $3.0B | $2.7B | $2.7B |
| Total liabilities and equity | $9.9B | $9.0B | $9.4B | $9.3B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $315.6M | $273.7M | $231.4M | $191.1M |
| Accounts receivable, net of allowance | $1.7B | $1.6B | $1.7B | $1.4B |
| Contract assets | $2.5B | $2.3B | $2.0B | $1.8B |
| Inventories, net | $113.6M | $117.2M | $111.9M | $108.5M |
| Prepaid expenses | $151.1M | $160.4M | $160.1M | $131.6M |
| Other current assets | $130.0M | $95.4M | $102.9M | $93.7M |
| Total current assets | $4.9B | $4.5B | $4.3B | $3.7B |
| Property and equipment, net | $1.9B | $1.9B | $1.7B | $1.7B |
| Operating lease right-of-use assets | $483.2M | $475.9M | $401.1M | $402.3M |
| Goodwill, net | $2.4B | $2.4B | $2.2B | $2.2B |
| Other intangible assets, net | $730.0M | $761.2M | $632.5M | $664.3M |
| Other long-term assets | $498.0M | $473.3M | $451.3M | $448.6M |
| Total assets | $10.9B | $10.4B | $9.7B | $9.1B |
| Current portion of long-term debt, including finance leases | $166.4M | $156.0M | $157.4M | $160.7M |
| Current portion of operating lease liabilities | $181.2M | $178.1M | $157.0M | $157.0M |
| Accounts payable | $1.5B | $1.3B | $1.3B | $1.2B |
| Accrued salaries and wages | $302.1M | $340.3M | $283.6M | $244.6M |
| Other accrued expenses | $528.0M | $507.0M | $498.9M | $464.1M |
| Contract liabilities | $760.9M | $800.3M | $730.3M | $698.1M |
| Other current liabilities | $117.7M | $129.1M | $123.0M | $125.3M |
| Total current liabilities | $3.5B | $3.4B | $3.2B | $3.1B |
| Long-term debt, including finance leases | $2.6B | $2.4B | $2.2B | $2.1B |
| Long-term operating lease liabilities | $314.0M | $309.5M | $255.2M | $256.3M |
| Deferred income taxes | $515.0M | $520.0M | $449.1M | $338.6M |
| Other long-term liabilities | $393.7M | $378.4M | $373.9M | $358.5M |
| Total liabilities | $7.3B | $7.0B | $6.5B | $6.1B |
| Preferred stock, $1.00 par value: authorized shares - 5,000,000; issued and outstanding shares – none | 0 | 0 | 0 | 0 |
| Common stock, $0.10 par value: authorized shares - 145,000,000; issued shares - 99,442,020 and 99,319,916 (including 1,025,810 and 1,038,778 of unvested stock awards) as of June 30, 2026 and December 31, 2025, respectively | 9.9M | 9.9M | 9.9M | 9.9M |
| Capital surplus | $1.3B | $1.3B | $1.3B | $1.3B |
| Retained earnings | $2.9B | $2.8B | $2.6B | $2.4B |
| Accumulated other comprehensive loss | ($45.0M) | ($44.8M) | ($40.6M) | ($35.9M) |
| Treasury stock, at cost: 20,354,737 and 20,422,329 shares as of June 30, 2026 and December 31, 2025, respectively | -731.7M | -734.1M | -734.1M | -734.1M |
| Total MasTec, Inc. shareholders’ equity | $3.5B | $3.3B | $3.1B | $2.9B |
| Non-controlling interests | $123.0M | $120.6M | $66.9M | $67.2M |
| Total equity | $3.6B | $3.4B | $3.2B | $3.0B |
| Total liabilities and equity | $10.9B | $10.4B | $9.7B | $9.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $422.0M | $199.4M | ($47.3M) | $33.9M |
| Depreciation | $295.9M | $366.8M | $433.9M | $371.2M |
| Amortization of intangible assets | $131.2M | $139.9M | $169.2M | $135.9M |
| Non-cash stock-based compensation expense | $34.0M | $32.7M | $33.3M | $27.4M |
| Provision for (benefit from) deferred income taxes | $115.2M | ($34.4M) | ($140.9M) | $9.5M |
| Equity in earnings of unconsolidated affiliates, net | ($32.0M) | ($30.2M) | ($30.7M) | ($28.8M) |
| Gains on sales and impairments of assets, net | ($18.5M) | ($24.1M) | ($21.4M) | ($39.7M) |
| Loss on extinguishment of debt | $0 | $11.3M | — | — |
| Non-cash interest expense, net | $4.8M | $5.5M | $5.8M | $4.2M |
| Other non-cash items, net | $2.7M | $13.7M | $8.9M | $4.7M |
| Accounts receivable | ($140.8M) | $29.6M | $45.0M | $6.3M |
| Contract assets | ($446.6M) | $207.7M | ($54.2M) | ($304.4M) |
| Inventories | ($2.7M) | $26.3M | $33.0M | ($20.5M) |
| Other assets, current and long-term portion | ($65.3M) | $20.5M | $75.0M | $68.6M |
| Accounts payable and accrued expenses | $250.5M | ($161.7M) | $165.9M | $192.1M |
| Contract liabilities | ($7.3M) | $247.5M | $49.4M | ($39.4M) |
| Other liabilities, current and long-term portion | $2.7M | $71.1M | ($37.8M) | ($68.9M) |
| Net cash provided by operating activities | $545.7M | $1.1B | $687.3M | $352.3M |
| Cash paid for acquisitions, net of cash acquired | ($71.0M) | ($79.9M) | ($69.4M) | ($635.8M) |
| Capital expenditures | ($260.0M) | ($148.9M) | ($192.9M) | ($263.4M) |
| Proceeds from sales of property and equipment | $56.3M | $66.0M | $84.1M | $81.5M |
| Payments for other investments | ($1.0M) | ($801.0K) | ($1.9M) | ($4.0M) |
| Proceeds from other investments | $3.8M | $1.5M | $425.0K | $400.0K |
| Other investing activities, net | $4.7M | $4.6M | $1.6M | $43.0K |
| Net cash used in investing activities | ($267.2M) | ($157.5M) | ($178.1M) | ($821.2M) |
| Proceeds from credit facilities and term loans | $5.6B | $4.1B | $4.4B | $4.1B |
| Repayments of credit facilities and term loans | ($5.5B) | ($5.3B) | ($4.5B) | ($3.2B) |
| Proceeds from issuance of 5.900% senior notes | $0 | $549.8M | — | $0 |
| Repayments of 6.625% senior notes | $0 | ($224.0M) | — | $0 |
| Payments of finance lease obligations | ($161.0M) | ($154.0M) | ($167.6M) | ($181.5M) |
| Repurchases of common stock | ($77.3M) | $0 | $0 | ($81.3M) |
| Payments of acquisition-related contingent consideration | ($42.1M) | ($24.6M) | ($21.6M) | ($35.1M) |
| Payments for acquisition-related contingent assets | $0 | ($12.4M) | $0 | ($17.6M) |
| Payments to non-controlling interests, including acquisition of interests and distributions | ($24.5M) | ($32.9M) | ($14.5M) | ($728.0K) |
| Payments for stock-based awards | ($5.6M) | ($2.9M) | ($10.3M) | ($4.1M) |
| Other financing activities, net | ($28.4M) | ($35.5M) | ($5.2M) | ($22.6M) |
| Net cash used in financing activities | ($283.4M) | ($1.1B) | ($351.0M) | $480.9M |
| Effect of currency translation on cash | $1.1M | ($3.6M) | $751.0K | ($2.2M) |
| Net (decrease) increase in cash and cash equivalents | ($3.9M) | ($129.7M) | $159.0M | $9.9M |
| Cash and cash equivalents - beginning of period | $399.9M | $529.6M | $370.6M | $360.7M |
| Cash and cash equivalents - end of period | $396.0M | $399.9M | $529.6M | $370.6M |
| Interest paid | $176.5M | $195.3M | $237.6M | $106.5M |
| Income taxes paid, net of refunds | $44.4M | $44.0M | $9.6M | $8.6M |
| Additions to property and equipment from finance leases and other financing arrangements | $229.5M | $151.0M | $147.7M | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $215.4M | $69.7M | $269.0M | $102.5M |
| Depreciation | $169.4M | $83.3M | $218.0M | $146.2M |
| Amortization of intangible assets | $76.1M | $38.6M | $98.0M | $65.3M |
| Non-cash stock-based compensation expense | $19.8M | $8.3M | $25.6M | $16.3M |
| Benefit from deferred income taxes | ($5.8M) | ($1.5M) | $84.0M | ($26.2M) |
| Equity in earnings of unconsolidated affiliates, net | ($14.6M) | ($4.3M) | ($23.9M) | ($17.4M) |
| Impairments of equity method investments | $7.9M | $7.9M | — | — |
| Gains on sales and impairments of assets, net | ($16.6M) | ($3.8M) | ($13.4M) | ($8.8M) |
| Non-cash interest expense, net | $1.6M | $384.0K | $3.7M | $2.5M |
| Other non-cash items, net | ($60.0K) | ($1.1M) | $1.1M | ($129.0K) |
| Accounts receivable | ($143.6M) | $4.8M | ($304.8M) | ($41.1M) |
| Contract assets | ($463.1M) | ($255.2M) | ($453.5M) | ($240.6M) |
| Inventories | $182.0K | ($4.8M) | ($7.5M) | ($4.0M) |
| Other assets, current and long-term portion | $29.3M | $51.2M | ($55.6M) | ($17.6M) |
| Accounts payable and accrued expenses | $198.5M | $55.3M | $316.0M | $140.5M |
| Contract liabilities | ($11.3M) | $28.1M | ($5.3M) | ($37.5M) |
| Other liabilities, current and long-term portion | $57.1M | $22.1M | $21.5M | $4.2M |
| Net cash provided by operating activities | $120.3M | $98.9M | $173.0M | $84.0M |
| Cash paid for acquisitions, net of cash acquired | ($266.9M) | ($266.9M) | ($24.5M) | ($7.2M) |
| Capital expenditures | ($188.3M) | ($96.8M) | ($179.8M) | ($111.1M) |
| Proceeds from sales of property and equipment | $20.4M | $9.8M | $42.3M | $26.7M |
| Payments for other investments | ($4.0M) | — | $0 | $0 |
| Proceeds from other investments | $16.4M | $16.4M | $2.6M | $2.6M |
| Other investing activities, net | ($3.5M) | $1.5M | $3.9M | $2.4M |
| Net cash used in investing activities | ($425.9M) | ($336.0M) | ($155.3M) | ($86.7M) |
| Proceeds from credit facilities and term loans | $3.2B | $1.4B | $4.4B | $2.9B |
| Repayments of credit facilities and term loans | ($2.8B) | ($1.2B) | ($4.3B) | ($2.9B) |
| Payments of finance lease obligations | ($79.7M) | ($43.8M) | ($126.6M) | ($77.7M) |
| Repurchases of common stock | $0 | $0 | ($77.3M) | ($77.3M) |
| Payments of acquisition-related contingent consideration | ($11.4M) | $0 | ($17.5M) | ($11.9M) |
| Payments for acquisition-related contingent assets | ($9.0M) | — | — | — |
| Payments to non-controlling interests, including acquisition of interests and distributions | ($17.5M) | ($4.9M) | ($18.2M) | ($10.0M) |
| Payments for stock-based awards | ($18.3M) | ($18.3M) | ($4.8M) | ($4.8M) |
| Other financing activities, net | $1.6M | ($4.8M) | ($23.2M) | ($9.7M) |
| Net cash provided by (used in) financing activities | $225.3M | $114.8M | ($187.0M) | ($207.3M) |
| Effect of currency translation on cash | ($121.0K) | ($61.0K) | $907.0K | $1.1M |
| Net decrease in cash and cash equivalents | ($80.4M) | ($122.4M) | ($168.5M) | ($208.9M) |
| Cash and cash equivalents - beginning of period | $396.0M | $396.0M | $399.9M | $399.9M |
| Cash and cash equivalents - end of period | $315.6M | $273.7M | $231.4M | $191.1M |
| Interest paid | $90.7M | $44.2M | $131.1M | $87.8M |
| Income tax (refunds) payments, net | ($12.3M) | ($16.5M) | $36.6M | $33.9M |
| Additions to property and equipment from finance leases and other financing arrangements | $125.6M | $58.7M | $187.6M | $132.2M |
Mastec Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.