MasTec Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	14,299	12,303	11,996	9,778	7,952
Revenue Growth (YoY)	16.22%	2.56%	22.68%	22.97%	25.80%
Cost of Revenue	12,506	10,676	10,606	8,557	6,806
Gross Profit	1,793	1,627	1,390	1,221	1,146
Selling, General & Admin	713.01	684.51	634.8	507.44	299.97
Amortization of Goodwill & Intangibles	131.19	139.85	169.23	135.91	77.21
Operating Expenses	1,140	1,191	1,238	1,015	722.8
Operating Income	652.64	436.35	152.01	206.42	423.25
Interest Expense	-172.99	-193.27	-234.41	-112.26	-53.41
Earnings From Equity Investments	31.96	30.23	30.7	28.84	33.83
Other Non Operating Income (Expenses)	3.78	4.99	29.89	5.86	2.41
EBT Excluding Unusual Items	515.4	278.31	-21.8	128.86	406.08
Merger & Restructuring Charges	-	-	-71.9	-86	-7
Gain (Loss) on Sale of Investments	-	-	-3	-	-7
Asset Writedown	-	-6	-	-	-
Legal Settlements	-	-	-	-	7
Other Unusual Items	-	-21.34	14	0.2	31
Pretax Income	515.4	250.96	-82.7	43.06	430.08
Income Tax Expense	93.38	51.54	-35.41	9.17	99.35
Earnings From Continuing Operations	422.01	199.42	-47.3	33.89	330.73
Minority Interest in Earnings	-22.97	-36.63	-2.65	-0.53	-1.9
Net Income	399.04	162.79	-49.95	33.35	328.83
Net Income to Common	399.04	162.79	-49.95	33.35	328.83
Net Income Growth	145.13%	-	-	-89.86%	1.85%
Shares Outstanding (Basic)	78	78	78	75	72
Shares Outstanding (Diluted)	79	79	78	76	74
Shares Change (YoY)	-0.24%	1.74%	1.77%	3.03%	0.31%
EPS (Basic)	5.12	2.09	-0.64	0.45	4.54
EPS (Diluted)	5.07	2.06	-0.64	0.42	4.45
EPS Growth	146.12%	-	-	-90.65%	1.53%
Free Cash Flow	285.73	972.77	494.34	88.95	623.01
Free Cash Flow Per Share	3.63	12.33	6.38	1.17	8.43
Gross Margin	12.54%	13.23%	11.59%	12.49%	14.41%
Operating Margin	4.56%	3.55%	1.27%	2.11%	5.32%
Profit Margin	2.79%	1.32%	-0.42%	0.34%	4.13%
Free Cash Flow Margin	2.00%	7.91%	4.12%	0.91%	7.83%
EBITDA	1,080	942.97	755.17	713.57	846.08
EBITDA Margin	7.55%	7.66%	6.30%	7.30%	10.64%
D&A For EBITDA	427.08	506.62	603.16	507.15	422.83
EBIT	652.64	436.35	152.01	206.42	423.25
EBIT Margin	4.56%	3.55%	1.27%	2.11%	5.32%
Effective Tax Rate	18.12%	20.54%	-	21.30%	23.10%

Updated Feb 26, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q