Mastec Inc.

Mastec Inc.

MTZ

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Market Cap$29.9B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Mastec Inc.Mastec Inc.64.3-14%1.90.2

Earnings Call Q1 2026

May 1, 2026 - AI Summary

Q1/Performance highlights (record quarter) - Revenue $3.829B, up 34% YoY. - Adjusted EBITDA $284M, up 73% YoY (about +170 bps EBITDA margin vs. prior-year Q1). - Adjusted EPS $1.39, up 174% YoY. - Backlog $20.3B: +28% YoY, +$1.4B sequentially, and reported as a new record; book-to-bill 1.4x.
2026 guidance raised (key forecast numbers) - Full-year revenue raised to $17.5B (+22% YoY; also ~3% above prior guidance). - Adjusted EBITDA raised to $1.5B (+30% YoY; ~8.6% margin). - Adjusted EPS raised to $8.79 (+34% YoY; ~5% ahead of prior guidance). - Cash flow from operations outlook unchanged: expected >$1B. - Net cash capex increased to about $220M to support incremental growth.
Segment momentum & outlook (where growth is coming from) - Communications: solid demand; margins impacted by one-time costs to exit DIRECTV fulfillment markets (~100 bps headwind). Q2 outlook: $875M revenue, low double-digit margin profile; expects ~70 bps margin expansion vs 2025 later in 2026. - Power Delivery: strong execution; revenue +16% YoY, EBITDA +40% YoY; book-to-bill 1.6x; backlog up >$600M sequentially to $6.2B. Q2 guidance: revenue ~$4.8B full-year implied; expects ~+60–70 bps EBITDA margin expansion in Q2; Greenlink permitting resolved earlier than expected. - Clean Energy & Infrastructure (CE&I): revenue +$45% YoY (to >$1.3B), EBITDA +56%; backlog $7.3B, book-to-bill 1.6x (1.3x organic). Renewables revenue +60%+ YoY; investors should note CE&I full-year revenue guidance raised to about $6.7B; expects high-single-digit EBITDA margins with some mix headwinds from General Buildings. - Pipeline: revenue +92% YoY in Q1 (to $682M), EBITDA margin 21% (strong sequential improvement). Q2 outlook: revenue $600M with EBITDA margins in the high teens. Company repeatedly frames longer-term opportunity as 2027-biased.

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$432.43

Target Price by Analysts

17% upsideMastec Target Price DetailsTarget Price
$81.54

Current Fair Value

77.9% downside

Overvalued by 77.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$29.90 Billion
Enterprise Value$30.27 Billion
Dividend Yield$- (-)
Earnings per Share$5.12
Beta1.82
Outstanding Shares77,950,000

Return

Return on Equity13.86%ROE
Return on Assets4.39%
Return on Invested Capital13.82%

Valuation & Multiples

P/E Ratio64.28P/E Ratio
PEG10.65PEG
Price to Sales1.89Price to Sales
Price to Book Ratio8.4Price to Book Ratio
Enterprise Value to Revenue1.98
Enterprise Value to EBIT31.23
Enterprise Value to Net Income65
Total Debt to Enterprise0.02
Debt to Equity0.19Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 7, 2026
EPS Estimate
$0.98
Average shareholder expectation
Revenue Estimate
$3.48 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 30, 2026
EPS Estimate
$2.18
Average shareholder expectation
Revenue Estimate
$4.31 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.9180 41.33%
Total Calls551,000 21.05%
Total Puts505,800 16.53%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %74.44% 1.14%
Total Invested$18.62B 45.83%
Investors Holding822 104.00%

ESG Score

No data

About Mastec Inc.

CEO: Jose Mas

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for tax legislation, directly influencing corporate tax structures and capital investment credits that are highly relevant to Mastec.

Finance

This powerful committee controls taxation, including corporate tax policy and potential infrastructure-related tax credits, which directly impact Mastec's profitability and investment decisions.

Appropriations

This committee directly allocates discretionary federal spending, determining the precise funding for infrastructure projects (e.g., water, energy, communications) that constitute Mastec's order books and revenue.

Commerce, Science, and Transportation

With jurisdiction over interstate commerce and the FCC, this committee directly regulates the telecommunications sector, a major area for Mastec's communications infrastructure construction business.

Energy and Natural Resources

This committee oversees national energy policy and the Department of Energy, directly impacting Mastec's significant involvement in energy infrastructure (pipelines, power lines, renewable energy projects).

Environment and Public Works

This committee regulates the EPA and federal highway programs, directly driving infrastructure spending and environmental projects (like water and sewer lines) that are core to Mastec's business.

Homeland Security and Governmental Affairs

This committee regulates government procurement and federal contracting, directly impacting Mastec's potential for federal infrastructure projects and revenue streams.