MasTec (MTZ) Financials

$118.13 -0.07 (-0.06%)

As of 03:04 PM Eastern

Annual Income Statements for MasTec

This table shows MasTec's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-79	131	347	260	392	323	329	33	-50	163
Consolidated Net Income / (Loss)	-80	134	349	259	394	323	331	34	-47	199
Net Income / (Loss) Continuing Operations	-80	134	349	259	394	323	331	34	-47	199
Total Pre-Tax Income	-68	226	372	365	511	425	430	43	-83	251
Total Operating Income	-27	266	399	422	588	449	416	125	80	436
Total Gross Profit	487	693	862	970	1,113	1,050	1,146	1,192	1,382	1,627
Total Revenue	4,208	5,135	6,607	6,909	7,183	6,321	7,952	9,778	11,996	12,303
Operating Revenue	4,208	5,135	6,607	6,909	7,183	6,321	7,952	9,778	11,996	12,303
Total Cost of Revenue	3,721	4,442	5,745	5,939	6,070	5,271	6,806	8,586	10,614	10,676
Operating Cost of Revenue	3,721	4,442	5,745	5,939	6,070	5,271	6,806	8,586	10,614	10,676
Total Operating Expenses	514	426	463	548	525	601	730	1,067	1,302	1,191
Selling, General & Admin Expense	266	261	275	287	286	303	307	559	699	685
Depreciation Expense	170	165	188	192	212	259	346	371	434	367
Amortization Expense	-	-	-	21	23	39	77	136	169	140
Total Other Income / (Expense), net	-41	-40	-27	-57	-77	-24	14	-82	-163	-185
Interest Expense	48	51	61	83	77	65	53	112	234	205
Interest & Investment Income	-7.98	3.53	21	24	27	30	34	29	31	30
Other Income / (Expense), net	15	6.80	13	1.78	-27	11	33	1.36	41	-11
Income Tax Expense	12	92	23	106	117	102	99	9.17	-35	52
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.59	2.77	1.67	-0.43	1.76	-0.15	1.90	0.53	2.65	37
Basic Earnings per Share	($0.98)	$1.63	$4.29	$3.30	$5.22	$4.43	$4.54	$0.45	($0.64)	$2.09
Weighted Average Basic Shares Outstanding	80.49M	80.37M	80.90M	78.70M	75.19M	72.80M	72.50M	74.92M	77.54M	78.05M
Diluted Earnings per Share	($0.98)	$1.61	$4.22	$3.26	$5.17	$4.38	$4.45	$0.42	($0.64)	$2.06
Weighted Average Diluted Shares Outstanding	80.49M	81.39M	82.33M	79.77M	75.85M	73.72M	73.94M	76.19M	77.54M	78.88M
Weighted Average Basic & Diluted Shares Outstanding	80.70M	80.50M	80.90M	78.70M	76.58M	74.21M	76.43M	78.79M	79.28M	79.29M

This table shows MasTec's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	49	3.22	-81	16	14	0.75	-41	34	95	75
Consolidated Net Income / (Loss)	49	3.37	-81	17	15	1.19	-34	44	105	85
Net Income / (Loss) Continuing Operations	49	3.37	-81	17	15	1.19	-34	44	105	85
Total Pre-Tax Income	60	13	-125	20	23	0.01	-46	63	137	96
Total Operating Income	81	54	-88	68	62	38	0.52	118	180	138
Total Gross Profit	326	371	225	389	400	368	307	421	463	437
Total Revenue	2,513	3,008	2,585	2,874	3,257	3,280	2,687	2,961	3,252	3,403
Operating Revenue	2,513	3,008	2,585	2,874	3,257	3,280	2,687	2,961	3,252	3,403
Total Cost of Revenue	2,188	2,637	2,359	2,485	2,857	2,912	2,380	2,540	2,789	2,967
Operating Cost of Revenue	2,188	2,637	2,359	2,485	2,857	2,912	2,380	2,540	2,789	2,967
Total Operating Expenses	244	318	313	321	338	330	307	303	283	298
Selling, General & Admin Expense	125	155	164	176	181	178	166	167	169	183
Depreciation Expense	91	108	107	103	115	109	107	102	80	77
Amortization Expense	28	55	42	42	42	43	34	34	34	38
Total Other Income / (Expense), net	-21	-41	-37	-48	-39	-38	-46	-55	-43	-42
Interest Expense	27	50	53	59	63	60	52	62	47	44
Interest & Investment Income	6.06	9.41	9.15	7.50	6.79	7.26	9.22	5.89	7.04	8.08
Other Income / (Expense), net	-0.17	-0.54	6.20	3.51	17	15	-3.21	1.33	-2.75	-6.37
Income Tax Expense	11	9.24	-45	2.93	7.57	-1.18	-11	19	32	12
Net Income / (Loss) Attributable to Noncontrolling Interest	0.33	0.15	-0.01	1.21	1.01	0.44	6.72	9.78	10	9.96
Basic Earnings per Share	$0.66	$0.04	($1.05)	$0.20	$0.18	$0.03	($0.53)	$0.44	$1.22	$0.96
Weighted Average Basic Shares Outstanding	73.94M	74.92M	76.98M	77.64M	77.64M	77.54M	77.94M	78.04M	78.04M	78.05M
Diluted Earnings per Share	$0.65	$0.04	($1.05)	$0.20	$0.18	$0.03	($0.53)	$0.43	$1.21	$0.95
Weighted Average Diluted Shares Outstanding	75.07M	76.19M	76.98M	78.37M	78.46M	77.54M	77.94M	78.86M	78.91M	78.88M
Weighted Average Basic & Diluted Shares Outstanding	78.23M	78.79M	78.86M	78.86M	78.82M	79.28M	79.46M	79.22M	79.23M	79.29M

This table details how cash moves in and out of MasTec's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-19	34	1.56	-13	44	352	-62	9.86	159	-130
Net Cash From Operating Activities	367	206	144	530	550	937	793	352	687	1,122
Net Cash From Continuing Operating Activities	367	206	144	530	550	937	793	352	687	1,122
Net Income / (Loss) Continuing Operations	-80	134	349	259	394	323	331	34	-47	199
Consolidated Net Income / (Loss)	-80	134	349	259	394	323	331	34	-47	199
Depreciation Expense	170	165	188	192	212	259	346	371	434	367
Amortization Expense	2.63	2.99	3.10	23	26	42	80	140	175	145
Non-Cash Adjustments To Reconcile Net Income	92	18	-4.39	-297	214	61	-7.69	-341	-64	211
Changes in Operating Assets and Liabilities, net	183	-115	-392	352	-296	253	44	148	190	199
Net Cash From Investing Activities	-129	-141	-273	-182	-262	-217	-1,357	-821	-178	-157
Net Cash From Continuing Investing Activities	-129	-141	-273	-182	-262	-217	-1,357	-821	-178	-157
Purchase of Property, Plant & Equipment	-84	-117	-123	-180	-126	-214	-170	-263	-193	-149
Acquisitions	-0.15	-4.10	-116	-6.68	-179	-25	-1,245	-636	-69	-80
Purchase of Investments	-127	-32	-77	-39	-5.59	-17	-10.00	-3.98	-1.90	-0.80
Sale of Property, Plant & Equipment	14	11	20	39	35	37	65	81	84	66
Sale and/or Maturity of Investments	69	1.13	24	5.42	15	0.65	0.56	0.40	0.43	1.50
Other Investing Activities, net	-	-	-	0.00	0.00	1.84	1.65	0.04	1.63	4.56
Net Cash From Financing Activities	-259	-29	130	-361	-245	-370	502	481	-351	-1,090
Net Cash From Continuing Financing Activities	-259	-29	130	-361	-245	-370	502	481	-351	-1,090
Repayment of Debt	-1,815	-1,696	-2,467	-3,377	-3,147	-2,153	-806	-3,264	-4,515	-5,512
Repurchase of Common Equity	-100	0.00	-1.55	-314	-5.65	-120	0.00	-81	0.00	0.00
Payment of Dividends	0.00	0.00	-23	-0.56	0.58	-0.72	-8.97	-0.73	-14	-33
Issuance of Debt	1,702	1,682	2,699	3,418	3,026	2,035	1,503	4,065	4,378	4,649
Other Financing Activities, net	-48	-20	-81	-92	-123	-138	-187	-238	-200	-194
Other Net Changes in Cash	-	-	-	-	-	-	-	-2.16	0.75	-3.56
Cash Interest Paid	47	48	59	81	85	65	62	106	238	195
Cash Income Taxes Paid	2.54	59	79	-21	106	65	69	8.60	9.61	44

This table details how cash moves in and out of MasTec's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-43	275	-229	-22	94	315	-280	48	-116	219
Net Cash From Operating Activities	117	234	-86	-12	294	491	108	264	278	472
Net Cash From Continuing Operating Activities	117	234	-86	-12	294	491	108	264	278	472
Net Income / (Loss) Continuing Operations	49	3.37	-81	17	15	1.19	-34	44	105	85
Consolidated Net Income / (Loss)	49	3.37	-81	17	15	1.19	-34	44	105	85
Depreciation Expense	91	108	107	103	115	109	107	102	80	77
Amortization Expense	29	56	43	44	44	44	35	35	36	40
Non-Cash Adjustments To Reconcile Net Income	-106	63	-29	-82	-148	195	183	56	-121	93
Changes in Operating Assets and Liabilities, net	54	3.01	-128	-93	269	142	-183	27	177	177
Net Cash From Investing Activities	-22	-579	-89	-52	-30	-6.38	-13	-11	-56	-77
Net Cash From Continuing Investing Activities	-22	-579	-89	-52	-30	-6.38	-13	-11	-56	-77
Purchase of Property, Plant & Equipment	-23	-50	-63	-56	-38	-36	-25	-31	-44	-48
Acquisitions	-27	-564	-47	-17	-4.94	-0.57	-0.06	-	-34	-46
Purchase of Investments	-0.76	-0.26	-0.21	-1.42	-0.27	-	-0.06	-0.82	0.30	-0.22
Sale of Property, Plant & Equipment	29	34	20	23	13	28	11	20	18	17
Other Investing Activities, net	-	0.04	0.20	-0.08	-0.08	1.59	1.65	0.65	1.30	0.95
Net Cash From Financing Activities	-136	620	-53	41	-169	-169	-375	-204	-337	-174
Net Cash From Continuing Financing Activities	-136	620	-53	41	-169	-169	-375	-204	-337	-174
Repayment of Debt	-704	-816	-910	-674	-1,691	-1,241	-1,192	-1,956	-1,257	-1,107
Payment of Dividends	-	-0.73	-12	-	-	-2.82	-6.84	-5.80	-11	-9.44
Issuance of Debt	623	1,487	918	769	1,569	1,122	863	1,795	995	996
Other Financing Activities, net	-56	-50	-50	-54	-48	-47	-39	-37	-64	-53
Other Net Changes in Cash	-	-	0.27	-	-	-	-	-	-0.33	-2.61
Cash Interest Paid	35	37	59	53	75	50	62	43	46	44
Cash Income Taxes Paid	0.52	6.78	-0.94	15	1.08	-5.42	-3.79	49	0.44	-1.48

This table presents MasTec's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,927	3,183	4,067	4,440	4,997	5,228	7,121	9,293	9,374	8,975
Total Current Assets	1,130	1,402	40	2,169	2,174	2,359	2,874	3,859	3,974	3,653
Cash & Equivalents	4.98	39	40	27	71	423	361	371	530	400
Accounts Receivable	911	1,156	-	671	850	784	1,019	1,400	1,370	1,381
Inventories, net	91	111	-	114	100	90	93	118	108	107
Prepaid Expenses	55	42	-	57	52	61	91	122	106	119
Other Current Assets	68	55	-	1,300	1,100	1,001	1,310	1,849	1,861	1,645
Plant, Property, & Equipment, net	559	549	0.00	748	906	0.00	0.00	1,754	1,651	1,549
Total Noncurrent Assets	1,239	1,232	1,329	1,523	1,919	2,869	4,247	3,680	3,748	3,774
Goodwill	989	996	1,138	1,100	1,221	1,243	1,521	2,045	2,126	2,203
Intangible Assets	199	180	191	169	212	184	670	946	784	727
Other Noncurrent Operating Assets	51	56	-	253	486	1,442	2,057	689	837	843
Total Liabilities & Shareholders' Equity	2,927	3,183	1,370	4,440	4,997	5,228	7,121	9,293	9,374	8,975
Total Liabilities	1,984	2,079	1,433	3,048	3,205	3,222	4,578	6,552	6,652	5,988
Total Current Liabilities	753	840	0.00	1,284	1,219	1,415	1,785	2,496	2,837	3,000
Short-Term Debt	77	65	-	83	118	145	138	172	177	186
Accounts Payable	349	364	-	670	535	571	663	1,110	1,243	1,106
Accrued Expenses	69	112	-	133	116	188	230	366	415	455
Current Deferred Revenue	149	161	-	232	206	228	314	406	481	736
Current Employee Benefit Liabilities	47	67	-	90	88	135	203	182	199	205
Other Current Liabilities	61	71	-	76	156	147	237	260	322	312
Total Noncurrent Liabilities	1,231	1,240	1,433	1,764	1,986	1,807	2,793	4,056	3,815	2,988
Long-Term Debt	933	961	-	1,324	1,314	1,158	1,876	3,052	2,888	2,038
Noncurrent Deferred & Payable Income Tax Liabilities	189	178	-	264	296	303	450	571	390	363
Other Noncurrent Operating Liabilities	110	100	1,433	176	376	347	466	432	537	587
Commitments & Contingencies	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	943	1,104	-64	1,392	1,792	2,006	2,544	2,741	2,721	2,987
Total Preferred & Common Equity	940	1,097	-64	1,390	1,787	2,002	2,540	2,737	2,706	2,912
Preferred Stock	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	940	1,097	-64	1,390	1,787	2,002	2,540	2,737	2,706	2,912
Common Stock	779	798	-	798	819	847	1,043	1,256	1,273	1,301
Retained Earnings	379	510	-	1,118	1,511	1,834	2,162	2,196	2,146	2,309
Treasury Stock	-146	-146	-	-466	-467	-587	-587	-664	-660	-657
Accumulated Other Comprehensive Income / (Loss)	-72	-66	-64	-60	-76	-91	-79	-51	-53	-41
Noncontrolling Interest	3.82	7.10	-	2.13	4.47	3.60	4.05	3.86	15	75

This table presents MasTec's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	7,476	9,055	9,288	9,530	8,745	8,679	8,763
Total Current Assets	3,114	3,657	3,829	4,039	3,445	3,477	3,573
Cash & Equivalents	96	142	120	214	249	298	181
Accounts Receivable	1,057	1,372	1,485	1,543	1,310	1,342	1,454
Inventories, net	128	165	153	129	112	108	101
Prepaid Expenses	87	123	101	82	102	101	90
Other Current Assets	1,747	1,855	1,970	2,070	1,671	1,628	1,747
Plant, Property, & Equipment, net	1,588	1,731	0.00	1,730	1,573	1,515	1,519
Total Noncurrent Assets	2,773	3,668	5,459	3,761	3,727	3,687	3,671
Goodwill	1,494	2,066	2,080	2,119	2,126	2,126	2,136
Intangible Assets	638	904	863	821	751	717	718
Other Noncurrent Operating Assets	641	698	2,517	821	850	844	817
Total Liabilities & Shareholders' Equity	7,476	9,055	9,288	9,530	8,745	8,679	8,763
Total Liabilities	4,929	6,408	6,599	6,816	6,055	5,945	5,934
Total Current Liabilities	1,986	2,379	2,441	2,811	2,633	2,748	2,888
Short-Term Debt	157	167	169	175	181	201	185
Accounts Payable	935	926	930	1,214	965	994	1,041
Accrued Expenses	227	331	351	331	398	403	427
Current Deferred Revenue	-	-	487	-	549	621	708
Current Employee Benefit Liabilities	225	198	180	248	216	192	234
Other Current Liabilities	443	757	323	842	325	336	292
Total Noncurrent Liabilities	2,943	4,029	4,159	4,005	3,422	3,197	3,047
Long-Term Debt	2,068	3,046	3,155	3,030	2,537	2,360	2,139
Noncurrent Deferred & Payable Income Tax Liabilities	471	536	521	455	347	326	381
Other Noncurrent Operating Liabilities	404	448	483	520	537	511	527
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,547	2,648	2,688	2,714	2,690	2,734	2,829
Total Preferred & Common Equity	2,542	2,646	2,679	2,703	2,674	2,714	2,810
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,542	2,646	2,679	2,703	2,674	2,714	2,810
Common Stock	1,065	1,245	1,257	1,264	1,280	1,287	1,295
Retained Earnings	2,193	2,115	2,131	2,145	2,105	2,139	2,234
Treasury Stock	-664	-660	-660	-660	-660	-660	-660
Accumulated Other Comprehensive Income / (Loss)	-51	-54	-49	-46	-51	-52	-59
Noncontrolling Interest	4.44	1.33	9.37	10	16	20	19

This table displays calculated financial ratios and metrics derived from MasTec's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.75%	22.01%	28.67%	4.58%	3.96%	-12.00%	25.80%	22.97%	22.68%	2.56%
EBITDA Growth	-60.96%	174.58%	36.68%	6.11%	24.98%	-4.75%	15.01%	-27.16%	14.46%	28.42%
EBIT Growth	-104.70%	2,430.96%	50.73%	3.03%	32.21%	-17.83%	-2.38%	-71.87%	-4.33%	251.51%
NOPAT Growth	-112.83%	930.86%	136.65%	-19.87%	51.31%	-24.77%	-6.15%	-69.24%	-43.05%	518.31%
Net Income Growth	-168.98%	268.17%	160.29%	-25.70%	52.03%	-18.12%	2.49%	-89.75%	-239.57%	521.64%
EPS Growth	-172.59%	264.29%	162.11%	-22.75%	58.59%	-15.28%	1.60%	-90.56%	-252.38%	421.88%
Operating Cash Flow Growth	13.75%	-44.04%	-29.91%	267.78%	3.83%	70.32%	-15.38%	-55.58%	95.08%	63.20%
Free Cash Flow Firm Growth	222.53%	-95.35%	16,110.44%	-200.27%	102.75%	760.15%	-262.66%	-30.94%	130.31%	101.18%
Invested Capital Growth	-15.59%	7.30%	-105.00%	2,750.79%	13.80%	-8.52%	45.48%	33.29%	-6.04%	-8.47%
Revenue Q/Q Growth	-4.62%	6.52%	4.11%	4.77%	-2.82%	-1.13%	2.22%	13.98%	2.32%	1.01%
EBITDA Q/Q Growth	-40.42%	74.51%	-5.04%	3.73%	5.17%	8.45%	-4.96%	2.34%	-1.56%	4.81%
EBIT Q/Q Growth	-112.24%	217.45%	-8.64%	3.98%	6.39%	8.02%	-12.59%	-25.12%	-0.53%	22.97%
NOPAT Q/Q Growth	-137.52%	10,511.46%	38.08%	-30.58%	20.19%	1.48%	-15.57%	-23.60%	-16.42%	37.60%
Net Income Q/Q Growth	-544.60%	11,555.22%	42.92%	-33.20%	21.16%	3.94%	-9.95%	-68.30%	-4.83%	72.05%
EPS Q/Q Growth	-566.67%	7,950.00%	45.02%	-32.22%	21.65%	4.78%	-9.92%	-70.42%	-1.59%	80.70%
Operating Cash Flow Q/Q Growth	-26.90%	-12.12%	-41.16%	11,841.32%	-41.74%	18.33%	5.30%	-14.63%	59.76%	-1.67%
Free Cash Flow Firm Q/Q Growth	104.15%	-89.75%	1,299.78%	-1,050.47%	-88.46%	74.03%	-342.39%	-29.83%	140.91%	-19.62%
Invested Capital Q/Q Growth	-11.67%	1.84%	-104.12%	-13.22%	6.67%	-1.94%	18.38%	19.67%	-7.85%	-3.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.57%	13.49%	13.04%	14.04%	15.49%	16.61%	14.41%	12.19%	11.52%	13.23%
EBITDA Margin	3.82%	8.59%	9.12%	9.26%	11.13%	12.05%	11.01%	6.52%	6.09%	7.62%
Operating Margin	-0.65%	5.18%	6.03%	6.11%	8.18%	7.11%	5.23%	1.28%	0.67%	3.55%
EBIT Margin	-0.28%	5.32%	6.23%	6.14%	7.80%	7.29%	5.65%	1.29%	1.01%	3.46%
Profit (Net Income) Margin	-1.89%	2.61%	5.28%	3.75%	5.49%	5.11%	4.16%	0.35%	-0.39%	1.62%
Tax Burden Percent	117.65%	59.36%	93.83%	70.96%	77.13%	75.90%	76.90%	78.70%	57.19%	79.46%
Interest Burden Percent	578.38%	82.71%	90.35%	86.15%	91.14%	92.30%	95.64%	34.04%	-68.35%	59.00%
Effective Tax Rate	0.00%	40.64%	6.17%	29.04%	22.87%	24.10%	23.10%	21.30%	0.00%	20.54%
Return on Invested Capital (ROIC)	-0.89%	7.82%	37.65%	22.47%	15.30%	11.30%	9.04%	2.01%	1.03%	6.89%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.50%	5.42%	32.36%	16.43%	10.98%	9.66%	9.88%	-0.85%	-2.80%	0.13%
Return on Net Nonoperating Assets (RNNOA)	-6.73%	5.27%	29.45%	16.56%	9.45%	5.70%	5.50%	-0.73%	-2.77%	0.10%
Return on Equity (ROE)	-7.62%	13.10%	67.10%	39.03%	24.76%	17.00%	14.54%	1.28%	-1.73%	6.99%
Cash Return on Invested Capital (CROIC)	16.02%	0.78%	0.00%	-92.96%	2.39%	20.20%	-28.01%	-26.53%	7.26%	15.74%
Operating Return on Assets (OROA)	-0.36%	8.94%	11.35%	9.97%	11.88%	9.01%	7.28%	1.54%	1.30%	4.64%
Return on Assets (ROA)	-2.46%	4.39%	9.62%	6.09%	8.35%	6.31%	5.36%	0.41%	-0.51%	2.17%
Return on Common Equity (ROCE)	-7.59%	13.03%	66.64%	38.97%	24.71%	16.96%	14.52%	1.28%	-1.73%	6.88%
Return on Equity Simple (ROE_SIMPLE)	-8.48%	12.22%	-547.60%	18.65%	22.05%	16.12%	13.02%	1.24%	-1.75%	6.85%
Net Operating Profit after Tax (NOPAT)	-19	158	374	300	453	341	320	98	56	347
NOPAT Margin	-0.45%	3.08%	5.66%	4.34%	6.31%	5.40%	4.03%	1.01%	0.47%	2.82%
Net Nonoperating Expense Percent (NNEP)	5.60%	2.41%	5.30%	6.04%	4.32%	1.64%	-0.84%	2.87%	3.84%	6.76%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	1.65%	0.97%	6.65%
Cost of Revenue to Revenue	88.43%	86.51%	86.96%	85.96%	84.51%	83.39%	85.59%	87.81%	88.48%	86.77%
SG&A Expenses to Revenue	6.32%	5.09%	4.16%	4.16%	3.99%	4.79%	3.86%	5.72%	5.83%	5.56%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.22%	8.30%	7.01%	7.93%	7.31%	9.50%	9.18%	10.91%	10.85%	9.68%
Earnings before Interest and Taxes (EBIT)	-12	273	412	424	561	461	450	126	121	425
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	161	441	603	640	799	761	876	638	730	937
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.48	2.87	0.00	2.30	2.74	2.52	2.70	2.44	2.21	3.70
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	26.55	13.82	8.76	19.65	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.33	0.61	0.61	0.46	0.68	0.80	0.86	0.68	0.50	0.88
Price to Earnings (P/E)	0.00	24.01	11.67	12.29	12.48	15.60	20.85	200.15	0.00	66.26
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	4.17%	8.57%	8.14%	8.01%	6.41%	4.80%	0.50%	0.00%	1.51%
Enterprise Value to Invested Capital (EV/IC)	1.23	1.98	0.00	1.65	1.99	2.05	2.03	1.70	1.62	2.64
Enterprise Value to Revenue (EV/Rev)	0.57	0.81	0.61	0.66	0.87	0.94	1.07	0.98	0.71	1.03
Enterprise Value to EBITDA (EV/EBITDA)	14.93	9.40	6.66	7.15	7.84	7.77	9.72	14.95	11.67	13.53
Enterprise Value to EBIT (EV/EBIT)	0.00	15.18	9.75	10.78	11.17	12.85	18.93	75.37	70.41	29.83
Enterprise Value to NOPAT (EV/NOPAT)	0.00	26.24	10.73	15.26	13.81	17.36	26.60	96.81	151.92	36.59
Enterprise Value to Operating Cash Flow (EV/OCF)	6.53	20.16	27.83	8.63	11.38	6.32	10.74	27.06	12.40	11.31
Enterprise Value to Free Cash Flow (EV/FCFF)	7.03	261.56	1.56	0.00	88.33	9.71	0.00	0.00	21.63	16.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.07	0.93	0.00	1.01	0.80	0.65	0.79	1.18	1.13	0.74
Long-Term Debt to Equity	0.99	0.87	0.00	0.95	0.73	0.58	0.74	1.11	1.06	0.68
Financial Leverage	1.04	0.97	0.91	1.01	0.86	0.59	0.56	0.85	0.99	0.76
Leverage Ratio	3.10	2.99	6.97	6.40	2.96	2.69	2.71	3.11	3.42	3.21
Compound Leverage Factor	17.95	2.47	6.30	5.52	2.70	2.49	2.60	1.06	-2.34	1.90
Debt to Total Capital	51.71%	48.18%	0.00%	50.27%	44.43%	39.38%	44.19%	54.05%	52.97%	42.68%
Short-Term Debt to Total Capital	3.96%	3.03%	0.00%	2.95%	3.67%	4.39%	3.03%	2.88%	3.06%	3.57%
Long-Term Debt to Total Capital	47.75%	45.14%	0.00%	47.31%	40.76%	34.99%	41.16%	51.17%	49.91%	39.11%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.20%	0.33%	0.00%	0.08%	0.14%	0.11%	0.09%	0.06%	0.26%	1.45%
Common Equity to Total Capital	48.09%	51.49%	100.00%	49.66%	55.43%	60.51%	55.72%	45.89%	46.77%	55.87%
Debt to EBITDA	6.29	2.33	0.00	2.20	1.79	1.71	2.30	5.06	4.20	2.37
Net Debt to EBITDA	6.26	2.24	0.00	2.16	1.70	1.16	1.89	4.47	3.47	1.95
Long-Term Debt to EBITDA	5.81	2.18	0.00	2.07	1.64	1.52	2.14	4.79	3.96	2.17
Debt to NOPAT	-53.12	6.49	0.00	4.70	3.16	3.82	6.29	32.74	54.66	6.41
Net Debt to NOPAT	-52.86	6.25	0.00	4.60	3.00	2.58	5.17	28.98	45.22	5.26
Long-Term Debt to NOPAT	-49.05	6.08	0.00	4.42	2.90	3.39	5.86	31.00	51.50	5.88
Altman Z-Score	2.18	3.24	3.67	3.09	3.38	3.15	2.83	2.22	2.33	3.06
Noncontrolling Interest Sharing Ratio	0.39%	0.53%	0.68%	0.16%	0.21%	0.21%	0.17%	0.15%	0.35%	1.59%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.50	1.67	0.00	1.69	1.78	1.67	1.61	1.55	1.40	1.22
Quick Ratio	1.22	1.42	0.00	0.54	0.76	0.85	0.77	0.71	0.67	0.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	341	16	2,569	-2,576	71	610	-992	-1,299	394	792
Operating Cash Flow to CapEx	521.32%	194.18%	139.29%	375.69%	601.67%	530.51%	756.90%	193.70%	631.51%	1,354.34%
Free Cash Flow to Firm to Interest Expense	7.09	0.31	42.11	-31.20	0.92	9.35	-18.57	-11.57	1.68	3.87
Operating Cash Flow to Interest Expense	7.65	4.05	2.36	6.42	7.14	14.38	14.85	3.14	2.93	5.48
Operating Cash Flow Less CapEx to Interest Expense	6.18	1.97	0.67	4.71	5.96	11.67	12.89	1.52	2.47	5.08
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.30	1.68	1.82	1.62	1.52	1.24	1.29	1.19	1.29	1.34
Accounts Receivable Turnover	3.80	4.97	0.00	0.00	9.44	7.73	8.82	8.08	8.66	8.94
Inventory Turnover	36.59	44.06	0.00	0.00	56.79	55.57	74.69	81.56	93.88	99.09
Fixed Asset Turnover	7.12	9.27	0.00	0.00	8.69	0.00	0.00	0.00	7.04	7.69
Accounts Payable Turnover	8.93	12.47	0.00	0.00	10.08	9.53	11.03	9.69	9.02	9.09
Days Sales Outstanding (DSO)	96.04	73.47	0.00	0.00	38.66	47.20	41.40	45.15	42.14	40.81
Days Inventory Outstanding (DIO)	9.98	8.28	0.00	0.00	6.43	6.57	4.89	4.48	3.89	3.68
Days Payable Outstanding (DPO)	40.90	29.26	0.00	0.00	36.22	38.30	33.10	37.68	40.45	40.14
Cash Conversion Cycle (CCC)	65.12	52.49	0.00	0.00	8.87	15.46	13.19	11.94	5.58	4.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,949	2,091	-105	2,771	3,154	2,885	4,197	5,595	5,257	4,812
Invested Capital Turnover	1.98	2.54	6.65	5.18	2.42	2.09	2.25	2.00	2.21	2.44
Increase / (Decrease) in Invested Capital	-360	142	-2,195	2,876	382	-269	1,312	1,397	-338	-445
Enterprise Value (EV)	2,398	4,146	4,011	4,573	6,263	5,919	8,514	9,533	8,519	12,687
Market Capitalization	1,388	3,151	4,051	3,191	4,897	5,036	6,857	6,676	5,968	10,787
Book Value per Share	$11.76	$13.31	($0.77)	$17.67	$23.41	$27.10	$35.03	$34.99	$34.33	$36.75
Tangible Book Value per Share	($3.11)	($0.96)	($16.83)	$1.53	$4.64	$7.78	$4.81	($3.25)	($2.59)	($0.23)
Total Capital	1,954	2,130	-64	2,799	3,224	3,308	4,558	5,965	5,787	5,211
Total Debt	1,010	1,026	0.00	1,407	1,432	1,303	2,014	3,224	3,065	2,224
Total Long-Term Debt	933	961	0.00	1,324	1,314	1,158	1,876	3,052	2,888	2,038
Net Debt	1,005	987	-40	1,379	1,361	880	1,653	2,854	2,536	1,824
Capital Expenditures (CapEx)	70	106	103	141	91	177	105	182	109	83
Debt-free, Cash-free Net Working Capital (DFCFNWC)	450	588	0.00	941	1,001	666	867	1,164	785	439
Debt-free Net Working Capital (DFNWC)	455	627	40	968	1,073	1,089	1,227	1,535	1,314	839
Net Working Capital (NWC)	377	562	40	885	954	944	1,089	1,363	1,137	653
Net Nonoperating Expense (NNE)	61	24	25	40	59	18	-11	65	103	147
Net Nonoperating Obligations (NNO)	1,005	987	-41	1,379	1,362	880	1,653	2,854	2,536	1,824
Total Depreciation and Amortization (D&A)	172	168	191	216	239	301	426	511	609	512
Debt-free, Cash-free Net Working Capital to Revenue	10.68%	11.46%	0.00%	13.61%	13.94%	10.53%	10.90%	11.91%	6.54%	3.57%
Debt-free Net Working Capital to Revenue	10.80%	12.21%	0.61%	14.01%	14.94%	17.23%	15.43%	15.70%	10.96%	6.82%
Net Working Capital to Revenue	8.96%	10.95%	0.61%	12.81%	13.29%	14.93%	13.70%	13.94%	9.48%	5.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.98)	$1.63	$4.29	$3.30	$5.22	$4.43	$4.54	$0.45	($0.64)	$2.09
Adjusted Weighted Average Basic Shares Outstanding	80.49M	80.37M	80.90M	78.70M	75.19M	72.80M	72.50M	74.92M	77.54M	78.05M
Adjusted Diluted Earnings per Share	($0.98)	$1.61	$4.22	$3.26	$5.17	$4.38	$4.45	$0.42	($0.64)	$2.06
Adjusted Weighted Average Diluted Shares Outstanding	80.49M	81.39M	82.33M	79.77M	75.85M	73.72M	73.94M	76.19M	77.54M	78.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	80.16M	82.57M	82.82M	76.03M	76.58M	74.21M	76.43M	78.79M	79.28M	79.29M
Normalized Net Operating Profit after Tax (NOPAT)	36	158	374	333	456	341	320	98	56	347
Normalized NOPAT Margin	0.86%	3.08%	5.66%	4.83%	6.35%	5.40%	4.03%	1.01%	0.47%	2.82%
Pre Tax Income Margin	-1.61%	4.40%	5.63%	5.29%	7.11%	6.73%	5.41%	0.44%	-0.69%	2.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.24	5.38	6.75	5.14	7.28	7.07	8.42	1.13	0.52	2.08
NOPAT to Interest Expense	-0.40	3.11	6.13	3.63	5.89	5.23	5.99	0.88	0.24	1.69
EBIT Less CapEx to Interest Expense	-1.71	3.29	5.05	3.43	6.09	4.36	6.46	-0.49	0.05	1.67
NOPAT Less CapEx to Interest Expense	-1.86	1.03	4.43	1.92	4.70	2.52	4.03	-0.74	-0.23	1.29
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	6.51%	0.22%	-0.15%	0.22%	2.71%	2.15%	-30.61%	16.52%
Augmented Payout Ratio	-125.47%	0.00%	6.96%	121.32%	1.29%	37.48%	2.71%	242.03%	-30.61%	16.52%

This table displays calculated financial ratios and metrics derived from MasTec's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.54%	66.27%	32.25%	24.86%	29.58%	9.03%	3.95%	3.03%	-0.14%	3.75%
EBITDA Growth	-23.73%	7.20%	-5.46%	48.85%	17.96%	-5.34%	102.98%	17.57%	23.30%	20.91%
EBIT Growth	-43.82%	-44.40%	-110.43%	130.64%	-3.07%	-1.21%	96.70%	66.37%	125.02%	151.36%
NOPAT Growth	-41.55%	-77.29%	-150.62%	157.92%	-37.47%	22,391.87%	100.59%	40.98%	233.32%	-96.24%
Net Income Growth	-56.23%	-95.59%	-130.40%	3.07%	-68.91%	-64.66%	57.22%	161.24%	588.73%	7,011.84%
EPS Growth	-56.67%	-96.15%	-123.40%	0.00%	-72.31%	-25.00%	49.52%	115.00%	572.22%	3,066.67%
Operating Cash Flow Growth	-21.79%	-20.53%	-165.67%	91.12%	151.41%	110.04%	224.75%	2,391.78%	-5.69%	-3.87%
Free Cash Flow Firm Growth	-117.03%	-10.74%	-19.38%	-12.19%	7.04%	357.73%	135.50%	180.15%	188.23%	-84.10%
Invested Capital Growth	31.85%	33.29%	36.10%	27.65%	22.02%	-6.04%	-9.79%	-15.18%	-12.86%	-8.47%
Revenue Q/Q Growth	9.20%	19.69%	-14.08%	11.20%	13.32%	0.71%	-18.09%	10.21%	9.84%	4.63%
EBITDA Q/Q Growth	37.32%	7.89%	-68.31%	217.04%	8.82%	-13.42%	-32.05%	83.63%	14.13%	-15.10%
EBIT Q/Q Growth	161.34%	-34.51%	-253.83%	187.60%	9.83%	-33.25%	-105.14%	4,515.68%	48.54%	-25.44%
NOPAT Q/Q Growth	195.35%	-78.38%	-529.06%	194.14%	-28.39%	7,676.18%	-99.99%	22,562.45%	69.31%	-12.17%
Net Income Q/Q Growth	202.81%	-93.15%	-2,490.09%	120.80%	-8.65%	-92.22%	-2,993.28%	227.01%	140.84%	-19.65%
EPS Q/Q Growth	225.00%	-93.85%	-2,725.00%	119.05%	-10.00%	-83.33%	-1,866.67%	181.13%	181.40%	-21.49%
Operating Cash Flow Q/Q Growth	190.12%	99.46%	-136.97%	86.64%	2,652.06%	66.63%	-78.04%	145.43%	5.02%	69.84%
Free Cash Flow Firm Q/Q Growth	2.11%	-30.10%	-14.11%	22.80%	18.89%	460.72%	-84.28%	74.30%	-10.71%	-34.97%
Invested Capital Q/Q Growth	1.28%	19.67%	2.21%	3.04%	-3.18%	-7.85%	-1.88%	-3.12%	-0.53%	-3.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.96%	12.34%	8.71%	13.55%	12.28%	11.21%	11.43%	14.21%	14.24%	12.83%
EBITDA Margin	8.01%	7.22%	2.66%	7.59%	7.29%	6.27%	5.20%	8.66%	9.00%	7.30%
Operating Margin	3.24%	1.78%	-3.40%	2.37%	1.90%	1.16%	0.02%	3.98%	5.53%	4.06%
EBIT Margin	3.23%	1.77%	-3.16%	2.49%	2.41%	1.60%	-0.10%	4.02%	5.44%	3.88%
Profit (Net Income) Margin	1.96%	0.11%	-3.12%	0.58%	0.47%	0.04%	-1.28%	1.48%	3.24%	2.49%
Tax Burden Percent	81.61%	26.73%	64.29%	85.10%	66.91%	8,507.14%	75.67%	69.35%	76.97%	87.84%
Interest Burden Percent	74.33%	23.73%	153.27%	27.49%	29.09%	0.03%	1,687.84%	52.98%	77.39%	73.08%
Effective Tax Rate	18.39%	73.27%	0.00%	14.90%	33.09%	-8,407.14%	0.00%	30.65%	23.03%	12.16%
Return on Invested Capital (ROIC)	5.51%	0.95%	-5.00%	4.21%	2.88%	217.51%	0.03%	6.17%	9.70%	8.72%
ROIC Less NNEP Spread (ROIC-NNEP)	4.50%	0.47%	-5.80%	2.67%	1.85%	97.80%	-1.23%	4.79%	8.42%	7.04%
Return on Net Nonoperating Assets (RNNOA)	3.17%	0.40%	-5.35%	2.75%	1.81%	96.49%	-1.27%	4.83%	7.80%	5.37%
Return on Equity (ROE)	8.68%	1.35%	-10.34%	6.97%	4.68%	313.99%	-1.24%	11.00%	17.51%	14.10%
Cash Return on Invested Capital (CROIC)	-24.34%	-26.53%	-29.56%	-22.76%	-18.55%	7.26%	12.46%	18.99%	18.46%	15.74%
Operating Return on Assets (OROA)	4.11%	2.10%	-4.08%	3.28%	3.33%	2.06%	-0.14%	5.46%	7.25%	5.20%
Return on Assets (ROA)	2.49%	0.13%	-4.02%	0.77%	0.65%	0.05%	-1.74%	2.00%	4.32%	3.34%
Return on Common Equity (ROCE)	8.66%	1.35%	-10.33%	6.95%	4.67%	312.90%	-1.24%	10.94%	17.41%	13.88%
Return on Equity Simple (ROE_SIMPLE)	4.21%	0.00%	-0.44%	-0.42%	-1.67%	0.00%	-0.05%	0.95%	4.13%	0.00%
Net Operating Profit after Tax (NOPAT)	66	14	-62	58	41	3,227	0.36	82	138	121
NOPAT Margin	2.64%	0.48%	-2.38%	2.02%	1.27%	98.38%	0.01%	2.76%	4.25%	3.57%
Net Nonoperating Expense Percent (NNEP)	1.01%	0.49%	0.80%	1.54%	1.02%	119.71%	1.26%	1.39%	1.28%	1.69%
Return On Investment Capital (ROIC_SIMPLE)	-	0.24%	-	-	-	55.77%	-	-	-	2.33%
Cost of Revenue to Revenue	87.04%	87.66%	91.29%	86.45%	87.72%	88.79%	88.57%	85.79%	85.76%	87.17%
SG&A Expenses to Revenue	4.98%	5.16%	6.34%	6.13%	5.55%	5.43%	6.16%	5.64%	5.19%	5.38%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.72%	10.56%	12.11%	11.18%	10.38%	10.05%	11.41%	10.23%	8.71%	8.76%
Earnings before Interest and Taxes (EBIT)	81	53	-82	72	79	52	-2.70	119	177	132
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	201	217	69	218	237	206	140	257	293	249
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.89	2.44	2.81	3.47	2.10	2.21	2.76	3.13	3.47	3.70
Price to Tangible Book Value (P/TBV)	11.70	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.56	0.68	0.71	0.85	0.48	0.50	0.61	0.70	0.80	0.88
Price to Earnings (P/E)	44.92	200.15	0.00	0.00	0.00	0.00	0.00	1,082.00	109.82	66.26
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.23%	0.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%	0.91%	1.51%
Enterprise Value to Invested Capital (EV/IC)	1.48	1.70	1.84	2.12	1.52	1.62	1.91	2.16	2.40	2.64
Enterprise Value to Revenue (EV/Rev)	0.81	0.98	1.01	1.14	0.74	0.71	0.82	0.89	0.98	1.03
Enterprise Value to EBITDA (EV/EBITDA)	11.12	14.95	16.59	17.74	11.70	11.67	12.33	12.85	13.32	13.53
Enterprise Value to EBIT (EV/EBIT)	41.03	75.37	125.78	100.82	71.33	70.41	49.37	43.56	34.44	29.83
Enterprise Value to NOPAT (EV/NOPAT)	53.77	96.81	207.81	155.29	129.32	151.92	83.71	77.47	47.28	36.59
Enterprise Value to Operating Cash Flow (EV/OCF)	16.79	27.06	78.22	49.50	20.17	12.40	11.21	9.32	10.44	11.31
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	21.63	14.57	10.43	12.09	16.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.87	1.18	1.21	1.24	1.18	1.13	1.01	0.94	0.82	0.74
Long-Term Debt to Equity	0.81	1.11	1.15	1.17	1.12	1.06	0.94	0.86	0.76	0.68
Financial Leverage	0.70	0.85	0.92	1.03	0.97	0.99	1.04	1.01	0.93	0.76
Leverage Ratio	2.80	3.11	3.13	3.23	3.23	3.42	3.33	3.31	3.30	3.21
Compound Leverage Factor	2.08	0.74	4.80	0.89	0.94	0.00	56.29	1.76	2.55	2.35
Debt to Total Capital	46.62%	54.05%	54.82%	55.28%	54.15%	52.97%	50.26%	48.37%	45.10%	42.68%
Short-Term Debt to Total Capital	3.29%	2.88%	2.84%	2.82%	2.96%	3.06%	3.34%	3.80%	3.59%	3.57%
Long-Term Debt to Total Capital	43.34%	51.17%	51.97%	52.47%	51.19%	49.91%	46.92%	44.56%	41.51%	39.11%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.09%	0.06%	0.02%	0.16%	0.18%	0.26%	0.29%	0.37%	0.37%	1.45%
Common Equity to Total Capital	53.28%	45.89%	45.16%	44.56%	45.67%	46.77%	49.45%	51.26%	54.53%	55.87%
Debt to EBITDA	3.57	5.06	5.07	4.71	4.32	4.20	3.39	3.05	2.60	2.37
Net Debt to EBITDA	3.42	4.47	4.84	4.54	4.03	3.47	3.08	2.70	2.40	1.95
Long-Term Debt to EBITDA	3.32	4.79	4.81	4.47	4.09	3.96	3.17	2.81	2.39	2.17
Debt to NOPAT	17.26	32.74	63.50	41.24	47.77	54.66	23.03	18.40	9.22	6.41
Net Debt to NOPAT	16.52	28.98	60.70	39.75	44.58	45.22	20.92	16.26	8.50	5.26
Long-Term Debt to NOPAT	16.04	31.00	60.20	39.14	45.16	51.50	21.50	16.95	8.49	5.88
Altman Z-Score	2.36	2.19	2.31	2.55	2.23	2.30	2.56	2.75	2.89	2.95
Noncontrolling Interest Sharing Ratio	0.18%	0.15%	0.10%	0.26%	0.28%	0.35%	0.32%	0.54%	0.53%	1.59%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.57	1.55	1.54	1.57	1.44	1.40	1.31	1.27	1.24	1.22
Quick Ratio	0.58	0.71	0.64	0.66	0.63	0.67	0.59	0.60	0.57	0.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,063	-1,383	-1,578	-1,218	-988	3,565	560	976	872	567
Operating Cash Flow to CapEx	0.00%	1,483.15%	-199.01%	-34.86%	1,180.95%	6,632.94%	740.09%	2,346.69%	1,081.41%	1,506.69%
Free Cash Flow to Firm to Interest Expense	-39.54	-27.69	-29.95	-20.51	-15.80	59.67	10.76	15.77	18.53	13.01
Operating Cash Flow to Interest Expense	4.36	4.68	-1.64	-0.19	4.71	8.21	2.07	4.27	5.90	10.82
Operating Cash Flow Less CapEx to Interest Expense	4.58	4.36	-2.46	-0.75	4.31	8.09	1.79	4.09	5.36	10.10
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.27	1.19	1.29	1.32	1.38	1.29	1.36	1.36	1.33	1.34
Accounts Receivable Turnover	8.52	8.08	9.15	8.79	9.02	8.66	9.02	8.62	8.13	8.94
Inventory Turnover	68.47	81.56	69.18	69.91	80.55	93.88	76.71	82.00	92.24	99.09
Fixed Asset Turnover	0.00	0.00	0.00	0.00	7.07	7.04	7.32	0.00	7.50	7.69
Accounts Payable Turnover	9.25	9.69	11.30	11.18	9.62	9.02	11.25	11.11	9.42	9.09
Days Sales Outstanding (DSO)	42.85	45.15	39.88	41.55	40.48	42.14	40.47	42.34	44.90	40.81
Days Inventory Outstanding (DIO)	5.33	4.48	5.28	5.22	4.53	3.89	4.76	4.45	3.96	3.68
Days Payable Outstanding (DPO)	39.45	37.68	32.29	32.66	37.92	40.45	32.45	32.85	38.74	40.14
Cash Conversion Cycle (CCC)	8.73	11.94	12.87	14.11	7.08	5.58	12.77	13.94	10.11	4.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,675	5,595	5,718	5,892	5,705	5,257	5,158	4,998	4,971	4,812
Invested Capital Turnover	2.09	2.00	2.10	2.09	2.26	2.21	2.22	2.24	2.28	2.44
Increase / (Decrease) in Invested Capital	1,129	1,397	1,517	1,276	1,030	-338	-560	-895	-734	-445
Enterprise Value (EV)	6,930	9,533	10,513	12,516	8,677	8,519	9,877	10,785	11,914	12,687
Market Capitalization	4,797	6,676	7,441	9,303	5,676	5,968	7,393	8,501	9,752	10,787
Book Value per Share	$33.65	$34.99	$33.59	$33.97	$34.28	$34.33	$33.73	$34.16	$35.47	$36.75
Tangible Book Value per Share	$5.43	($3.25)	($4.11)	($3.34)	($3.00)	($2.59)	($2.56)	($1.62)	($0.56)	($0.23)
Total Capital	4,771	5,965	5,860	6,012	5,919	5,787	5,408	5,295	5,152	5,211
Total Debt	2,224	3,224	3,212	3,324	3,205	3,065	2,718	2,561	2,324	2,224
Total Long-Term Debt	2,068	3,052	3,046	3,155	3,030	2,888	2,537	2,360	2,139	2,038
Net Debt	2,129	2,854	3,071	3,204	2,991	2,536	2,468	2,264	2,143	1,824
Capital Expenditures (CapEx)	-6.02	16	43	33	25	7.40	15	11	26	31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,189	1,164	1,303	1,438	1,188	785	743	633	689	439
Debt-free Net Working Capital (DFNWC)	1,285	1,535	1,445	1,557	1,403	1,314	993	931	870	839
Net Working Capital (NWC)	1,128	1,363	1,278	1,388	1,227	1,137	812	729	685	653
Net Nonoperating Expense (NNE)	17	11	19	41	26	3,226	35	38	33	37
Net Nonoperating Obligations (NNO)	2,129	2,854	3,071	3,204	2,991	2,536	2,468	2,264	2,143	1,824
Total Depreciation and Amortization (D&A)	120	164	151	147	159	153	142	137	116	117
Debt-free, Cash-free Net Working Capital to Revenue	13.86%	11.91%	12.52%	13.09%	10.14%	6.54%	6.14%	5.20%	5.66%	3.57%
Debt-free Net Working Capital to Revenue	14.97%	15.70%	13.88%	14.18%	11.96%	10.96%	8.21%	7.64%	7.14%	6.82%
Net Working Capital to Revenue	13.15%	13.94%	12.28%	12.64%	10.47%	9.48%	6.71%	5.98%	5.63%	5.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.66	$0.04	($1.05)	$0.20	$0.18	$0.03	($0.53)	$0.44	$1.22	$0.96
Adjusted Weighted Average Basic Shares Outstanding	73.94M	74.92M	76.98M	77.64M	77.64M	77.54M	77.94M	78.04M	78.04M	78.05M
Adjusted Diluted Earnings per Share	$0.65	$0.04	($1.05)	$0.20	$0.18	$0.03	($0.53)	$0.43	$1.21	$0.95
Adjusted Weighted Average Diluted Shares Outstanding	75.07M	76.19M	76.98M	78.37M	78.46M	77.54M	77.94M	78.86M	78.91M	78.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	78.23M	78.79M	78.86M	78.86M	78.82M	79.28M	79.46M	79.22M	79.23M	79.29M
Normalized Net Operating Profit after Tax (NOPAT)	66	38	-62	58	41	27	0.36	82	138	121
Normalized NOPAT Margin	2.64%	1.25%	-2.38%	2.02%	1.27%	0.81%	0.01%	2.76%	4.25%	3.57%
Pre Tax Income Margin	2.40%	0.42%	-4.85%	0.69%	0.70%	0.00%	-1.69%	2.13%	4.21%	2.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.02	1.06	-1.55	1.21	1.26	0.88	-0.05	1.92	3.76	3.03
NOPAT to Interest Expense	2.47	0.29	-1.17	0.98	0.66	54.02	0.01	1.32	2.94	2.79
EBIT Less CapEx to Interest Expense	3.24	0.75	-2.37	0.65	0.86	0.75	-0.33	1.74	3.22	2.31
NOPAT Less CapEx to Interest Expense	2.69	-0.03	-1.99	0.42	0.26	53.89	-0.27	1.14	2.39	2.07
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	2.15%	-105.89%	-110.61%	-27.46%	-30.61%	-798.43%	59.87%	22.70%	16.52%
Augmented Payout Ratio	76.03%	242.03%	-105.89%	-110.61%	-27.46%	-30.61%	-798.43%	59.87%	22.70%	16.52%

Frequently Asked Questions About MasTec's Financials

When does MasTec's financial year end?

According to the most recent income statement we have on file, MasTec's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has MasTec's net income changed over the last 9 years?

Over the last 9 years, MasTec's net income changed from -$79.70 million in 2015 to $199.42 million in 2024, a change of -350.2%.

What is MasTec's operating income?

MasTec's total operating income in 2024 was $436.35 million, based on the following breakdown:

Total Gross Profit: $1.63 billion
Total Operating Expenses: $1.19 billion

How has MasTec revenue changed over the last 9 years?

Over the last 9 years, MasTec's total revenue changed from $4.21 billion in 2015 to $12.30 billion in 2024, a change of 192.4%.

How much debt does MasTec have?

MasTec's total liabilities were at $5.99 billion at the end of 2024, a 10.0% decrease from 2023, and a 201.8% increase since 2015.

How much cash does MasTec have?

In the past 9 years, MasTec's cash and equivalents has ranged from $4.98 million in 2015 to $529.56 million in 2023, and is currently $399.90 million as of their latest financial filing in 2024.

How has MasTec's book value per share changed over the last 9 years?

Over the last 9 years, MasTec's book value per share changed from 11.76 in 2015 to 36.75 in 2024, a change of 212.5%.

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This page (NYSE:MTZ) was last updated on 4/15/2025 by MarketBeat.com Staff

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MasTec (MTZ) Financials

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