OverviewSuggest Edit

MasTec is a multinational complex infrastructure engineering and construction company. The company's core services are based on the engineering, building, installation, maintenance, and upgrading of communications, energy, utility, and other infrastructure. Operating primary through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, MasTec offers maintenance and upgrade support services comprising the maintenance of customers’ distribution facilities, networks, emergency services for accidents or storm damage, and routine replacements and upgrades to overhauls.

TypePublic
Founded1929
HQMiami, FL, US
Websitemastec.com
Employee Ratings3.5
Overall CultureD-

Latest Updates

Employees (est.) (Dec 2020)18,000(-14%)
Job Openings844
Revenue (FY, 2020)$6.3 B(-12%)
Share Price (Sept 2021)$90.4(-2%)
Cybersecurity ratingAMore

Key People/Management at MasTec

Jose R. Mas

Jose R. Mas

CEO
Robert Apple

Robert Apple

Chief Operating Officer
George L. Pita

George L. Pita

Executive Vice President and CFO
Alberto de Cardenas

Alberto de Cardenas

Executive Vice President, Corporate General Counsel
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MasTec Office Locations

MasTec has offices in Miami and Woodbury
Miami, FL, US (HQ)
800 Douglas Rd 10th Floor
Miami, FL, US
806 Douglas Rd #1100
Woodbury, MN, US
700 Commerce Dr #235
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MasTec Financials and Metrics

MasTec Revenue

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MasTec's revenue was reported to be $6.32 b in FY, 2020 which is a 12% decrease from the previous period.
USD

Revenue (Q1, 2021)

1.8b

Gross profit (Q1, 2021)

261.6m

Gross profit margin (Q1, 2021), %

14.7%

Net income (Q1, 2021)

66.1m

Market capitalization (9-Sept-2021)

6.7b

Closing stock price (9-Sept-2021)

90.4

Cash (31-Mar-2021)

512.4m

EV

7.7b
MasTec's current market capitalization is $6.7 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

6.9b7.2b6.3b

Revenue growth, %

5%4%(12%)

Cost of goods sold

5.9b6.1b5.3b

Gross profit

970.1m1.1b1.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

1.5b1.9b2.0b1.4b1.6b1.7b1.8b

Cost of goods sold

1.3b1.6b1.7b1.2b1.3b1.4b1.5b

Gross profit

206.3m305.6m326.1m190.3m227.5m317.8m261.6m

Gross profit Margin, %

14%16%16%13%14%19%15%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

27.4m71.4m423.1m

Accounts Receivable

1.9b850.3m784.5m

Prepaid Expenses

56.6m52.0m60.6m

Inventories

113.7m100.1m89.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

43.2m59.2m43.1m71.7m48.6m238.2m512.4m

Accounts Receivable

2.0b1.8b2.0b796.1m927.8m917.1m876.7m

Prepaid Expenses

52.6m44.1m40.5m46.2m44.1m44.4m59.8m

Inventories

121.6m127.0m106.7m106.6m104.9m85.5m92.7m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

259.2m394.1m322.7m

Depreciation and Amortization

212.9m235.5m297.8m

Inventories

(29.4m)24.1m17.9m

Accounts Payable

251.7m(228.1m)94.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

43.1m163.3m293.4m36.1m92.9m209.8m66.1m

Depreciation and Amortization

59.0m119.0m174.2m60.5m128.0m210.6m90.5m

Inventories

9.7m(265.0k)21.3m5.9m(4.6m)15.6m651.0k

Accounts Payable

(134.5m)(26.4m)(30.6m)34.1m164.3m109.7m153.4m
USDFY, 2018

EV/CFO

8.4 x

Revenue/Employee

357.1k

Debt/Equity

1 x

Debt/Assets

0.3 x

Financial Leverage

3.2 x

P/E Ratio

12.4
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MasTec Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Eighteen-Month Backlog

$7.69 b$8 b$7.77 b$7.52 b$7.96 b$8.33 b$8.17 b$7.7 b$7.87 b$7.86 b
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MasTec Acquisitions / Subsidiaries

Company NameDateDeal Size
IntrenMay 05, 2021$420 m
WestowerOctober 21, 2014$199 m
Pacer CorpJune 30, 2014
SPEED WireMay 05, 2014
DynisJanuary 22, 2014
Energy ErectorsAugust 02, 2013
Big Country Energy ServicesMay 30, 2013$103 m
Data Cell SystemsApril 26, 2013
Bottom Line Services LLCFebruary 28, 2013
Halsted CommunicationJune 16, 2011$4 m
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MasTec Revenue Breakdown

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MasTec revenue breakdown by business segment: 39.6% from Communications, 28.2% from Oil and Gas, 8.0% from Electrical Transmission, 24.1% from Power Generation and Industrial and 0.0% from Other

MasTec Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

MasTec Online and Social Media Presence

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MasTec Company Culture

  • Overall Culture

    D-

    54/100

  • CEO Rating

    D

    58/100

  • Compensation

    D

    52/100

  • Diversity

    D

    53/100

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MasTec News and Updates

MasTec Senior Management to Present at the Morgan Stanley and DADCO Virtual Investor Conferences

CORAL GABLES, Fla., Sept. 7, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be presenting at the Morgan Stanley Laguna Virtual Conference on Tuesday, September 14th at approximately 3:45 p.m. ET. Additionally, company management will present...

MasTec Schedules Second Quarter 2021 Earnings Release and Conference Call

CORAL GABLES, Fla., July 22, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the quarter ended June 30, 2021 after the market closes on Thursday, August 5, 2021. Senior Management will also hold a conference call to discuss...

MasTec Senior Management to Present at the KeyBanc, Stifel and Baird Virtual Investor Conferences in June

CORAL GABLES, Fla., May 26, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be presenting at the KeyBanc Industrials & Basic Materials Conference on June 3rd at approximately 11:20 a.m. ET. Additionally, management will be presenting at the...

MasTec, Allstate, & Lear: Stick With These 3 Long Ideas Post 1Q21 Earnings

After 1Q21 earnings, we still love these three Long Ideas that have excellent profit growth opportunities and attractive risk/reward.

MasTec Senior Management to Present at the Barclays Americas Select Franchise Investor Conference

CORAL GABLES, Fla., May 11, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be presenting at the Barclays Americas Select Franchise Virtual Investor Conference on Tuesday, May 18th at approximately 12:00 p.m. ET. Additionally, virtual...

MasTec Schedules First Quarter 2021 Earnings Release and Conference Call

CORAL GABLES, Fla., April 23, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the quarter ended March 31, 2021 after the market closes on Thursday, May 6, 2021. Senior Management will also hold a conference call to discuss these...
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MasTec Blogs

MasTec Announces Second Quarter 2021 Results with Record Backlog and Updates Annual Guidance

- Second Quarter 2021 Results Include GAAP Net Income of $75.8 Million, Adjusted EBITDA of $230 Million, Diluted Earnings Per Share of $1.02, and Adjusted Diluted Earnings Per Share of $1.30, $0.05 Above Expectations - Record Second Quarter Revenue of Approximately $2.0 Billion, a 25% Increase Over

MasTec Announces Record First Quarter 2021 Results and Increased Annual Guidance

- First Quarter 2021 Results Include GAAP Net Income of $66.1 Million, Adjusted EBITDA of $204 Million, Diluted Earnings Per Share of $0.89, and Adjusted Diluted Earnings Per Share of $1.10, with All Key Metrics Representing Record Levels - Record First Quarter Revenue of $1.8 Billion and Cash Flow

MasTec Expands Electrical Distribution Operations Footprint with Acquisition of INTREN, LLC, One of the Largest Private Energy Distribution Contractors in the Country

CORAL GABLES, Fla. , May 5, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it has acquired INTREN, LLC (" INTREN ").  INTREN is a premier utility specialty contractor primarily providing electrical distribution network services under various multi-year master service agreements

MasTec Announces Strong Fourth Quarter and Annual 2020 Financial Results

- Fourth Quarter 2020 Results Include GAAP Net Income of $112.9 Million, Adjusted EBITDA of $262 Million, Diluted Earnings Per Share of $1.54 and Adjusted Diluted Earnings Per Share of $1.75, Exceeding Guidance Expectations - Continued Strong Fourth Quarter Cash Flow from Operations, Record Annual

Casey Industrial Awarded Lowman Energy Center Units 1 & 2 Mechanical Construction Project

LOUISVILLE, Colo. , Jan. 28, 2021 /PRNewswire/ -- Casey Industrial, Inc. , a wholly owned subsidiary of MasTec, Inc. (NYSE: MTZ), is proud to announce the award of the PowerSouth Lowman Energy Center Units 1 & 2 Mechanical Construction project in Leroy, Alabama by PowerSouth Energy Cooperative .

MasTec Mourns Death of Longtime Board Member, José S. Sorzano

CORAL GABLES, Fla. , Dec. 31, 2020 /PRNewswire/ --  MasTec, Inc. (NYSE: MTZ) is saddened to announce the passing of longtime Board Member, José S. Sorzano . José Mas , MasTec's CEO, commented, "It's with great sadness that I announce the passing of our friend and fellow Board Member, José Sorzano .
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MasTec Frequently Asked Questions

  • When was MasTec founded?

    MasTec was founded in 1929.

  • Who are MasTec key executives?

    MasTec's key executives are Jose R. Mas, Robert Apple and George L. Pita.

  • How many employees does MasTec have?

    MasTec has 18,000 employees.

  • What is MasTec revenue?

    Latest MasTec annual revenue is $6.3 b.

  • What is MasTec revenue per employee?

    Latest MasTec revenue per employee is $351.2 k.

  • Who are MasTec competitors?

    Competitors of MasTec include Turner Industries, Michels and Mota-Engil.

  • Where is MasTec headquarters?

    MasTec headquarters is located at 800 Douglas Rd 10th Floor, Miami.

  • Where are MasTec offices?

    MasTec has offices in Miami and Woodbury.

  • How many offices does MasTec have?

    MasTec has 3 offices.