MTZ financial statements

The full income statement, balance sheet, and cash-flow statement for MasTec Inc. (MTZ), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 79.2M2024-09 79.2M2024-12 79.3M2025-03 78.9M2025-06 78.9M2025-09 78.9M2025-12 78.9M2026-03 79.0M2026-06 80.3M+1.4% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	14.3B YoY+16.2%	12.3B YoY+2.6%	12.0B YoY+22.7%	9.78B YoY+23.0%	7.95B YoY+25.8%
Selling, general & administrative	713M YoY+4.2%	685M YoY-2.1%	699M YoY+24.9%	559M YoY+82.2%	307M YoY+1.3%
General & administrative	713M YoY+4.2%	685M YoY-2.1%	699M YoY+24.9%	559M YoY+82.2%	307M YoY+1.3%
Amortization of intangibles	131M YoY-6.2%	140M YoY-17.3%	169M YoY+24.5%	136M YoY+76.0%	77.2M YoY+98.5%
Provision for credit losses	-500K YoY-110.4%	4.80M YoY-49.5%	9.50M YoY+1257.1%	700K YoY+105.9%	-11.9M YoY-198.3%
Other non-operating income	3.78M YoY+134.3%	-11.0M YoY-126.9%	40.9M YoY+2911.3%	1.36M YoY-95.9%	33.4M YoY+196.7%
Equity-method income	32.0M YoY+5.7%	30.2M YoY-1.5%	30.7M YoY+6.5%	28.8M YoY-14.8%	33.8M YoY+13.8%
Pre-tax income	515M YoY+105.4%	251M YoY+403.4%	-82.7M YoY-292.1%	43.1M YoY-90.0%	430M YoY+1.2%
Income tax	93.4M YoY+81.2%	51.5M YoY+245.6%	-35.4M YoY-486.1%	9.17M YoY-90.8%	99.3M YoY-3.0%
	399M YoY+145.1%	163M YoY+425.9%	-49.9M YoY-249.8%	33.4M YoY-89.9%	329M YoY+1.9%
Net income to non-controlling interest	23.0M YoY-37.3%	36.6M YoY+1280.8%	2.65M YoY+396.8%	534K YoY-71.9%	1.90M YoY+1373.8%
Net income to common	399M YoY+145.1%	163M YoY+425.9%	-49.9M YoY-249.8%	33.4M YoY-89.9%	329M YoY+1.9%
	$5.07 YoY+146.1%	$2.06 YoY+421.9%	-$0.64 YoY-252.4%	$0.42 YoY-90.6%	$4.45 YoY+1.6%
EPS (basic)	$5.12 YoY+145.0%	$2.09 YoY+426.6%	-$0.64 YoY-242.2%	$0.45 YoY-90.1%	$4.54 YoY+2.5%
	77.9M YoY-0.2%	78.0M YoY+0.7%	77.5M YoY+3.5%	74.9M YoY+3.3%	72.5M YoY-0.4%
	78.7M YoY-0.2%	78.9M YoY+1.7%	77.5M YoY+1.8%	76.2M YoY+3.0%	73.9M YoY+0.3%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.33B YoY+18.5%	3.65B YoY-8.1%	3.97B YoY+3.0%	3.86B YoY+34.3%	2.87B YoY+21.8%
Cash & equivalents	396M YoY-1.0%	400M YoY-24.5%	530M YoY+42.9%	371M YoY+2.7%	361M YoY-14.7%
Accounts receivable	1.54B YoY+11.5%	1.38B YoY+0.8%	1.37B YoY-2.1%	1.40B YoY+37.3%	1.02B YoY+29.9%
Inventory	112M YoY+4.8%	107M YoY-0.7%	108M YoY-8.3%	118M YoY+27.4%	92.6M YoY+3.3%
Prepaid expenses	184M YoY+54.4%	119M YoY+12.3%	106M YoY-13.4%	122M YoY+33.7%	91.5M YoY+50.9%
Other current assets	94.8M YoY+6.4%	89.1M YoY-14.5%	104M YoY-12.2%	119M YoY+44.9%	81.9M YoY+160.9%
	9.92B YoY+10.6%	8.98B YoY-4.2%	9.37B YoY+0.9%	9.29B YoY+30.5%	7.12B YoY+36.2%
Operating lease right-of-use	457M YoY+15.4%	396M YoY-5.4%	419M YoY+49.8%	280M YoY+7.3%	260M YoY+47.5%
Goodwill	2.25B YoY+2.1%	2.20B YoY+3.6%	2.13B YoY+4.0%	2.04B YoY+34.5%	1.52B YoY+22.3%
Intangible assets	656M YoY-9.8%	727M YoY-7.3%	784M YoY-17.1%	946M YoY+41.2%	670M YoY+264.3%
Other non-current assets	503M YoY+12.6%	447M YoY+6.9%	418M YoY+2.3%	409M YoY+13.6%	360M YoY+27.3%
	3.27B YoY+9.0%	3.00B YoY+5.7%	2.84B YoY+13.7%	2.50B YoY+39.9%	1.78B YoY+26.1%
Accounts payable	1.28B YoY+15.8%	1.11B YoY-11.0%	1.24B YoY+12.0%	1.11B YoY+67.4%	663M YoY+16.1%
Accrued liabilities	541M YoY+18.8%	455M YoY+9.6%	415M YoY+13.4%	366M YoY+59.2%	230M YoY+22.5%
Deferred revenue	748M YoY+1.6%	736M YoY+52.9%	481M YoY+18.4%	406M YoY+29.4%	314M YoY+37.5%
Short-term & current debt	154M YoY-17.1%	186M YoY+5.0%	177M YoY+3.1%	172M YoY+24.7%	138M YoY-5.0%
Current lease liability	176M YoY+20.2%	146M YoY+6.1%	138M YoY+42.7%	96.5M YoY+1.1%	95.4M YoY+31.7%
Other current liabilities	123M YoY-25.6%	166M YoY-10.2%	185M YoY+12.8%	164M YoY+15.9%	141M YoY+88.2%
Finance lease liability (current)	132M YoY-4.3%	138M YoY-4.6%	144M YoY-8.8%	158M YoY+16.5%	136M YoY+2.4%
	6.59B YoY+10.0%	5.99B YoY-10.0%	6.65B YoY+1.5%	6.55B YoY+43.1%	4.58B YoY+42.1%
Long-term debt	2.18B YoY+6.8%	2.04B YoY-29.4%	2.89B YoY-5.4%	3.05B YoY+62.7%	1.88B YoY+62.1%
Non-current lease liability	293M YoY+12.1%	261M YoY-10.8%	293M YoY+50.9%	194M YoY+10.0%	176M YoY+51.4%
Operating lease liability (total)	468M YoY+14.9%	408M YoY-5.4%	431M YoY+48.2%	291M YoY+6.9%	272M YoY+43.8%
Finance lease liability (total)	344M YoY+15.3%	298M YoY-12.8%	342M YoY-12.2%	389M YoY+32.8%	293M YoY+1.6%
Finance lease liability	212M YoY+32.2%	160M YoY-18.9%	198M YoY-14.4%	231M YoY+46.9%	157M YoY+0.8%
Deferred tax liabilities	478M YoY+31.8%	363M YoY-7.1%	390M YoY-31.7%	571M YoY+26.9%	450M YoY+48.7%
Other non-current liabilities	371M YoY+13.6%	326M YoY+33.8%	244M YoY+2.2%	238M YoY-17.8%	290M YoY+26.0%
	3.26B YoY+11.9%	2.91B YoY+7.6%	2.71B YoY-1.1%	2.74B YoY+7.8%	2.54B YoY+26.9%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	9.93M YoY+0.3%	9.90M YoY-0.1%	9.91M YoY+0.5%	9.86M YoY+3.4%	9.54M YoY+2.4%
Additional paid-in capital	1.32B YoY+2.2%	1.29B YoY+2.2%	1.26B YoY+1.3%	1.25B YoY+20.6%	1.03B YoY+23.4%
Retained earnings	2.71B YoY+17.3%	2.31B YoY+7.6%	2.15B YoY-2.3%	2.20B YoY+1.5%	2.16B YoY+17.9%
Treasury stock	734M YoY+11.8%	657M YoY-0.5%	660M YoY-0.6%	664M YoY+13.1%	587M YoY+0.0%
Accumulated other comprehensive income	-44.0M YoY-7.8%	-40.8M YoY+22.9%	-53.0M YoY-4.0%	-51.0M YoY+35.3%	-78.8M YoY+13.9%
Non-controlling interest	75.2M YoY-0.4%	75.5M YoY+399.6%	15.1M YoY+291.6%	3.86M YoY-4.8%	4.05M YoY+12.5%
Total equity incl. non-controlling	3.33B YoY+11.6%	2.99B YoY+9.8%	2.72B YoY-0.7%	2.74B YoY+7.8%	2.54B YoY+26.8%
Total liabilities & equity	9.92B YoY+10.6%	8.98B YoY-4.2%	9.37B YoY+0.9%	9.29B YoY+30.5%	7.12B YoY+36.2%
	99.3M YoY+0.3%	99.0M YoY-0.1%	99.1M YoY+0.5%	98.6M YoY+3.4%	95.4M YoY+2.4%
	78.9M YoY-0.5%	79.3M YoY+0.0%	79.3M YoY+0.6%	78.8M YoY+3.1%	76.4M YoY+3.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	546M YoY-51.3%	1.12B YoY+63.2%	687M YoY+95.1%	352M YoY-55.6%	793M YoY-15.4%
Depreciation & amortization	427M YoY-15.7%	507M YoY-16.0%	603M YoY+19.0%	507M YoY+19.9%	423M YoY+42.0%
Intangible amortization	131M YoY-6.2%	140M YoY-17.3%	169M YoY+24.5%	136M YoY+76.0%	77.2M YoY+98.5%
Share-based compensation	34.0M YoY+4.1%	32.7M YoY-2.0%	33.3M YoY+21.5%	27.4M YoY+10.6%	24.8M YoY+13.4%
Deferred income taxes	115M YoY+433.9%	-34.5M YoY+75.5%	-141M YoY-1567.7%	9.60M YoY-81.5%	51.9M YoY+620.8%
Change in receivables	141M YoY+575.2%	-29.6M YoY+34.2%	-45.0M YoY-614.6%	-6.30M YoY+95.8%	-149M YoY-70.7%
Change in inventory	2.71M YoY+110.3%	-26.3M YoY+20.2%	-33.0M YoY-260.9%	20.5M YoY+302.3%	-10.1M YoY+43.3%
	-267M YoY-69.7%	-157M YoY+11.6%	-178M YoY+78.3%	-821M YoY+39.5%	-1.36B YoY-526.6%
Capital expenditure	260M YoY+74.7%	149M YoY-22.8%	193M YoY-26.7%	263M YoY+54.9%	170M YoY-20.4%
Free cash flow	286M YoY-70.6%	973M YoY+96.8%	494M YoY+455.8%	88.9M YoY-85.7%	623M YoY-13.9%
Acquisitions	71.0M YoY-11.1%	79.9M YoY+15.2%	69.4M YoY-89.1%	636M YoY-48.9%	1.24B YoY+4884.2%
Proceeds from sale of PP&E	56.3M YoY-14.7%	66.0M YoY-21.5%	84.1M YoY+3.2%	81.5M YoY+24.8%	65.3M YoY+76.1%
Other investing activities	-4.73M YoY-3.8%	-4.56M YoY-179.3%	-1.63M YoY-3695.3%	-43.0K YoY+97.4%	-1.65M YoY+10.5%
	-283M YoY+74.0%	-1.09B YoY-210.6%	-351M YoY-173.0%	481M YoY-4.2%	502M YoY+235.7%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	77.3M	0.00	0.00 YoY-100.0%	81.3M	0.00 YoY-100.0%
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	-28.4M YoY+20.1%	-35.5M YoY-584.6%	-5.19M YoY+77.0%	-22.6M YoY-462.7%	6.23M YoY+152.6%
FX effect on cash	1.10M YoY+130.8%	-3.56M YoY-573.9%	751K YoY+134.8%	-2.15M YoY-849.3%	-227K YoY-124.4%
Net change in cash	-3.87M YoY+97.0%	-130M YoY-181.6%	159M YoY+1512.9%	9.86M YoY+115.8%	-62.4M YoY-117.7%
Interest paid	176M YoY-9.7%	195M YoY-17.8%	238M YoY+123.2%	106M YoY+72.3%	61.8M YoY-4.9%
Income taxes paid	44.4M YoY+1.0%	44.0M YoY+357.5%	9.61M YoY+11.7%	8.60M YoY-87.6%	69.1M YoY+6.9%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	17.1B YoY+58.9%	10.8B YoY+80.9%	5.97B YoY-6.8%	6.41B YoY-9.2%	7.05B YoY+39.4%
P/E	43.0× YoY-35.2%	66.3×	—	60.0× YoY+179.7%	21.4× YoY+36.9%
P/S	1.2× YoY+36.7%	0.9× YoY+72.3%	0.5× YoY-31.8%	0.7× YoY-15.8%	0.9× YoY+10.8%
P/B	5.3× YoY+41.9%	3.7× YoY+67.9%	2.2× YoY-12.4%	2.5× YoY-9.3%	2.8× YoY+9.9%
P/FCF	60.0× YoY+440.9%	11.1× YoY-58.6%	26.8× YoY-32.4%	39.6× YoY+250.2%	11.3× YoY+61.9%
	2.3% YoY+54.3%	1.5%	—	1.7% YoY-64.3%	4.7% YoY-26.9%
	1.7% YoY-81.5%	9.0% YoY+141.4%	3.7% YoY+48.0%	2.5% YoY-71.4%	8.8% YoY-38.2%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: MTZ's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MTZ filings on SEC EDGAR → Not investment advice.