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

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments396400530371361423
Cash and cash equivalent396400530371361423
Receivables1,5401,3811,3701,4001,019784
Inventory, net of allowances, customer advances and progress billings1121071081189390
Inventory1121071081189390
Prepaid expense1841191061229161
Contract with customer, asset, after allowance for credit loss2,0021,5561,7561,7301,228970
Other current assets95891041198231
Total current assets:4,3293,6533,9743,8592,8742,359
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization560473473535469 
Operating lease, right-of-use asset457396419280260177
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization247228213187176982
Long-term investments and receivables377330319306267 
Long-term investments377330319306267 
Intangible asset, including goodwill, after accumulated amortization2,9052,9302,9112,9912,1911,427
Goodwill2,2492,2032,1262,0451,5211,243
Intangible asset, excluding goodwill, after accumulated amortization656727784946670184
Deferred costs 3429262118 
Other noncurrent assets503447418409360283
Other undisclosed noncurrent assets510489620705507 
Total noncurrent assets:5,5945,3235,3995,4344,2472,869
TOTAL ASSETS:9,9248,9759,3749,2937,1215,228
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8221,5611,6581,4761,108907
Interest and dividends payable✕✕✕✕✕1212
Employee-related liabilities✕✕✕✕✕203135
Accounts payable1,2811,1061,2431,110663571
Accrued liabilities541455415366230188
Deferred revenue748736481406314228
Debt154186177172138145
Other liabilities12316618516414175
Other undisclosed current liabilities4243513372788460
Total current liabilities:3,2713,0002,8372,4961,7851,415
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,1762,0382,8883,0521,8761,158
Finance lease, liability212160198231157156
Other undisclosed long-term debt and lease obligation1,9641,8782,6902,8211,543885
Liabilities, other than long-term debt1,1429509271,004759548
Deferred compensation liability, classified     1915
Deferred income tax liabilities478363390571450303
Other liabilities371326244238290230
Operating lease, liability293261293194176117
Other undisclosed noncurrent liabilities     158102
Total noncurrent liabilities:3,3182,9883,8154,0562,7931,807
Total liabilities:6,5895,9886,6526,5524,5783,222
Equity
Equity, attributable to parent3,2592,9122,7062,7372,5402,002
Common stock10101010109
Treasury stock, value(734)(657)(660)(664)(587)(587)
Additional paid in capital1,3201,2911,2631,2471,034837
Accumulated other comprehensive loss(44)(41)(53)(51)(79)(91)
Retained earnings2,7082,3092,1462,1962,1621,834
Equity, attributable to noncontrolling interest757515444
Total equity:3,3352,9872,7212,7412,5442,006
TOTAL LIABILITIES AND EQUITY:9,9248,9759,3749,2937,1215,228

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

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues14,29912,30311,9969,7787,9526,321
Cost of revenue
(Cost of Product and Service Sold)		(12,934)(11,183)(11,217)(9,093)(7,229)(5,569)
Gross profit:1,3661,121779685723752
Operating expenses(713)(685)(699)(559)(307)(319)
Operating income:65343680125416433
Nonoperating income (expense)4(11)4113327
Interest and debt expense (11)   (6)
Income from continuing operations before equity method investments, income taxes:656414121126450455
Income from equity method investments323031293430
Other undisclosed loss from continuing operations before income taxes(173)(193)(234)(112)(53)(60)
Income (loss) from continuing operations before income taxes:515251(83)43430425
Income tax expense (benefit)(93)(52)35(9)(99)(102)
Income (loss) from continuing operations:422199(47)34331323
Income before gain (loss) on sale of properties:✕✕✕✕✕331323
Net income (loss):422199(47)34331323
Net income (loss) attributable to noncontrolling interest(23)(37)(3)(1)(2)0
Net income (loss) available to common stockholders, basic:399163(50)33329323
Other undisclosed net loss available to common stockholders, diluted    (2)  
Net income (loss) available to common stockholders, diluted:399163(50)32329323

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):422199(47)34331323
Other comprehensive income (loss)(2)(3)(2)2813(16)
Comprehensive income (loss):420197(49)62343307
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(24)(37)(3)(1)(2)0
Comprehensive income (loss), net of tax, attributable to parent:396160(52)61341307

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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