MasTec Inc. (MTZ) Financial Statements (2026 and earlier)

Company Profile

Business Address 800 S. DOUGLAS ROAD
CORAL GABLES, FL 33134
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 1623 - Water, Sewer, Pipeline, and Communications and Power Line Construction (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40053037136142371
Cash and cash equivalent40053037136142371
Receivables1,3811,3701,4001,019784850
Inventory, net of allowances, customer advances and progress billings1071081189390100
Inventory1071081189390100
Prepaid expense119106122916152
Contract with customer, asset, after allowance for credit loss1,5561,7561,7301,2289701,025
Other current assets89104119823175
Total current assets:3,6533,9743,8592,8742,3592,174
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization473473535469  
Operating lease, right-of-use asset396419280260177230
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization228213187176982906
Long-term investments and receivables330319306267  
Long-term investments330319306267  
Intangible asset, including goodwill, after accumulated amortization, including:2,9302,9112,9912,1911,4271,433
Goodwill2,2032,1262,0451,5211,2431,221
Intangible asset, excluding goodwill, after accumulated amortization727784946670184212
Other undisclosed intangible asset, including goodwill, after accumulated amortization      0
Deferred costs29262118  
Other noncurrent assets447418409360283255
Other undisclosed noncurrent assets489620705507 (0)
Total noncurrent assets:5,3235,3995,4344,2472,8692,823
TOTAL ASSETS:8,9759,3749,2937,1215,2284,997
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5611,6581,4761,108907746
Interest and dividends payable✕✕✕✕12128
Employee-related liabilities✕✕✕✕20313588
Accounts payable1,1061,2431,110663571535
Accrued liabilities455415366230188116
Deferred revenue736481406314228206
Debt186177172138145118
Other liabilities1661851641417575
Other undisclosed current liabilities351337278846074
Total current liabilities:3,0002,8372,4961,7851,4151,219
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,0382,8883,0521,8761,1581,314
Finance lease, liability160198231157156190
Other undisclosed long-term debt and lease obligation1,8782,6902,8211,543885970
Liabilities, other than long-term debt, including:9509271,004759548518
Deferred compensation liability, classified    191512
Deferred income tax liabilities363390571450303296
Other liabilities326244238290230221
Operating lease, liability261293194176117155
Other undisclosed liabilities, other than long-term debt      (12)
Other undisclosed noncurrent liabilities    158102155
Total noncurrent liabilities:2,9883,8154,0562,7931,8071,986
Total liabilities:5,9886,6526,5524,5783,2223,205
Equity
Equity, attributable to parent2,9122,7062,7372,5402,0021,787
Common stock1010101099
Treasury stock, value(657)(660)(664)(587)(587)(467)
Additional paid in capital1,2911,2631,2471,034837810
Accumulated other comprehensive loss(41)(53)(51)(79)(91)(76)
Retained earnings2,3092,1462,1962,1621,8341,511
Equity, attributable to noncontrolling interest75154444
Total equity:2,9872,7212,7412,5442,0061,792
TOTAL LIABILITIES AND EQUITY:8,9759,3749,2937,1215,2284,997

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues12,30311,9969,7787,9526,3217,183
Cost of revenue
(Cost of Product and Service Sold)		(11,183)(11,217)(9,093)(7,229)(5,569)(6,070)
Gross profit:1,1217796857237521,113
Operating expenses(685)(699)(559)(307)(319)(303)
Operating income:43680125416433810
Nonoperating income (expense)(11)4113327(14)
Interest and debt expense (11)   (6)(3)
Income from continuing operations before equity method investments, income taxes:414121126450455793
Income from equity method investments303129343027
Other undisclosed loss from continuing operations before income taxes(193)(234)(112)(53)(60)(310)
Income (loss) from continuing operations before income taxes:251(83)43430425511
Income tax expense (benefit)(52)35(9)(99)(102)(117)
Other undisclosed income from continuing operations      0
Income (loss) from continuing operations:199(47)34331323394
Income before gain (loss) on sale of properties:✕✕✕✕331323394
Other undisclosed net loss      (0)
Net income (loss):199(47)34331323394
Net income (loss) attributable to noncontrolling interest(37)(3)(1)(2)0(2)
Net income (loss) available to common stockholders, basic:163(50)33329323392
Other undisclosed net loss available to common stockholders, diluted   (2)   
Net income (loss) available to common stockholders, diluted:163(50)32329323392

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):199(47)34331323394
Other comprehensive income (loss)(3)(2)2813(16)(15)
Comprehensive income (loss):197(49)62343307379
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(37)(3)(1)(2)0(2)
Comprehensive income (loss), net of tax, attributable to parent:160(52)61341307377

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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