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MasTec, Inc.
NYSE: MTZ Industrials Infra 🔎 Screen
$18.1B
Market Cap
42.9
P/E
0.58
PEG
9.8%
ROCE
13.4%
ROE
0.84
D/E
4.6%
OPM
-48.0%
% from 52W High
40
α RS
🔍 MTZ is showing an earnings-catalyst setup because an ECS of 77 last quarter, it matches 2 of 39 tracked screener presets, and Sector RRG has Industrials in the Improving quadrant with the trail still strengthening. Net: Broad signal stack, not a recommendation. ? ECS Conviction RRG
Sources
ECS 77 · Conviction 2/39 · Industrials in Improving quadrant
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Currency-adjusted total returns for MTZ including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

MasTec, Inc., an infrastructure engineering and construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Power Delivery, Pipeline Infrastructure, and Other. The company builds infrastructure for wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy power generation; pipeline infrastructure, including natural gas, water, carbon capture sequestration, and other product transport; power delivery services, such as electrical and gas transmission, and distribution systems; industrial and heavy civil infrastructure, including roads, bridges, and rail; and water infrastructure. It also installs electrical and other gas distribution and transmission systems, power generation, civil and industrial facilities, pipelines, and fiber optic and other cables, as well as install-to-the-home services. In addition, the company offers maintenance and upgrade support services comprising maintenance of customers’ distribution facilities, networks, and infrastructure, including communications, power generation, pipeline, electrical distribution and transmission, and civil and industrial infrastructure; emergency restoration services for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, public and private energy providers, including renewable and other energy providers, pipeline operators, civil, transportation, and water and wastewater pipeline installation services, industrial infrastructure providers, as well as government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.

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📈 Growth Pattern
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⭐ Superinvestors Holding MTZ
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Manager Shares Value % of Fund Period
Daniel Loeb Third Point LLC 320.0K $103.0B 4.94% Mar 2026
Steve Cohen Point72 Asset Management 433.1K $139.3M 0.18% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$4.374B
+23.4% YoY
Operating Income
$226M
+43.1% YoY
Operating Margin
5.2%
+0.7pp YoY
Net Income
$146M
+61.7% YoY
What Went Right
  • Record Q2: revenue $4.374B, up 23% YoY, and adjusted EBITDA $384M, up 40%; both beat guidance.
  • Backlog hit a record $21.4B, up ~$5B YoY and ~$1B sequentially, with 1.2x book-to-bill.
  • Clean Energy & Infrastructure revenue +43% YoY to $1.62B; Pipeline EBITDA nearly doubled to $118.5M on an 18.4% margin.
What to Watch
  • Communications full-year revenue was cut to ~$3.25B with high single-digit margins, down ~100bps YoY, on wireless timing, RDOF roll-offs and wireline deferrals.
  • Q2 cash flow from operations was only $21M and free cash flow was -$59M due to working capital investment.
  • Management flagged execution/indirect fuel and equipment cost pressure in communications, plus possible data-center state pauses and inverter regulatory issues, though near-term impact was downplayed.
Management Guidance
  • Q3 2026: revenue ~$4.93B, adjusted EBITDA ~$482M, adjusted EPS ~$2.98.
  • FY 2026 raised: revenue ~$18.2B, adjusted EBITDA ~$1.6B, adjusted EPS ~$9.30.
  • Power Delivery FY revenue ~$5.725B with low-double-digit EBITDA margin; Clean Energy & Infrastructure FY revenue ~$6.8B; Communications FY revenue ~$3.25B.
Investor Lens
The thesis is stronger after this call: record backlog, raised FY guidance and the Superior acquisition expand mission-critical exposure, with power delivery and pipeline momentum offsetting comms weakness. The comms softness is the main offset — management frames it as timing (spectrum equipment, RDOF transition) rather than demand loss. If large mission-critical and pipeline pursuits convert, 2027 revenue and backlog growth could accelerate. Watch whether comms margins recover and working capital pressure normalizes in Q4.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Record quarter beats; revenue up 23%, EBITDA up 40%
Revenue
Q2 revenue was $4.374B, up 23.4% YoY and above guidance. Segment revenue: Clean Energy & Infrastructure $1.622B (+43.4%), Power Delivery $1.246B (+19.2%), Pipeline $643M (+19.1%), Communications $889M (+6.2%).
Profitability
Adj. EPS was $2.22, up 48.8% YoY, and GAAP diluted EPS was $1.65, up 51% YoY. Adjusted EBITDA rose 40% to $384M; GAAP net income was $146M, up 61.7%.
Margins
Adjusted EBITDA margin expanded 100bps YoY to 8.8%. Operating income was $226M, up 43.1%; Pipeline EBITDA margin reached 18.4%, Power Delivery 9.1%, Clean Energy 7.9% and Communications 8.2%.
Balance Sheet
Q2 cash flow from operations was essentially flat at $21M; free cash flow was -$59M. Net leverage was 1.8x (2.2x pro forma for Superior), with $1B+ operating cash flow expected for 2026 and leverage below 2x by year-end.
Key Risks
Comms revenue and margin guidance were cut for 2H on wireless spectrum timing, RDOF roll-offs and wireline delays; execution and indirect fuel/equipment costs pressured Q2 comms margins. Data-center regulatory bans/pauses and the FCC inverter ban were flagged in Q&A, but management sees limited near-term impact.
Outlook
Q3 guidance: revenue ~$4.93B, adjusted EBITDA ~$482M, adjusted EPS ~$2.98. Full-year guidance was raised to revenue $18.2B, adjusted EBITDA $1.6B and adjusted EPS $9.30.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-31
Q2 saw record revenue, profitability, and backlog, with all major metrics exceeding guidance. Power delivery, pipeline, and clean energy segments drove growth, offsetting short-term communications headwinds. Full-year guidance was raised, and the Superior acquisition is expected to enhance long-term growth.
Q1 2026 Q1 2026 2026-05-01
Record Q1 results with revenue up 34% and adjusted EBITDA up 73% year-over-year, driven by strong performance across all segments and robust backlog growth. Full-year guidance was raised, reflecting confidence in continued demand for infrastructure, energy, and telecom projects.
Q4 2025 Q4 2025 2026-02-27
Q4 and full-year 2025 saw record revenue and strong EBITDA growth, with backlog up 33% year-over-year. 2026 guidance calls for 19% revenue growth, 26% higher EBITDA, and nearly 30% higher EPS, supported by robust demand, new acquisitions, and expanding data center and infrastructure opportunities.
Q3 2025 Q3 2025 2025-10-31
Q3 delivered record revenue and backlog, with all segments showing strong organic growth and margin improvement. 2025 guidance was raised, and double-digit growth is expected across key segments into 2026, supported by robust demand, major project wins, and a healthy balance sheet.
Q2 2025 Q2 2025 2025-08-01
Q2 2025 results exceeded revenue and EPS guidance, with strong growth in non-pipeline segments and record backlog. Raised full-year guidance for revenue, EBITDA, and EPS, citing robust demand across communications, power delivery, and clean energy, and significant investments to support future growth.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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