MasTec, Inc. (MTZ) Stock Price & Analysis
MasTec, Inc. (MTZ) closed at USD 171.55 on Thursday, October 22, 2026, down 5.20% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 180.96; the Oct 22, 2026 session ranged USD 169.56–178.09 on volume of 1,952,449 shares. Market capitalization is $13.78B, with a 52-week range of USD 169.56–441.43 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:15 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MTZ.md
Key facts (MTZ)
- Last four reported quarters (through Jun 30, 2026): revenue $16.1B, net income $494M (3.1% margin), free cash flow $245M (SEC filings).
- Valuation: P/E 27.9x (avg 54.5x at the last 2 fiscal year-ends), net debt $2.42B.
- 2 of 80 tracked superinvestors hold MTZ (13F, Q2 2026): 0 new, 0 added, 2 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $3.7M; 2 not under a Rule 10b5-1 plan ($3.7M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.81 on a 1–5 scale) (21 analysts), mean target USD 364.9 (range 240–518).
- Total return with dividends: 1Y -16.3% vs S&P 500 +14.9%; 5Y +93.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 2.96, revenue estimate $4.95B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MTZ)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $7.95B | $9.78B | $12.0B | $12.3B | $14.3B | $16.1B |
| Net income | $329M | $33.4M | -$49.9M | $163M | $399M | $494M |
| EPS (diluted) | $4.45 | $0.42 | -$0.64 | $2.06 | $5.07 | — |
| Free cash flow | $623M | $88.9M | $494M | $973M | $286M | $245M |
| Net margin | 4.1% | 0.3% | -0.4% | 1.3% | 2.8% | 3.1% |
| Revenue growth | +25.8% | +23.0% | +22.7% | +2.6% | +16.2% | — |
| Cash + short-term investments | $361M | $371M | $530M | $400M | $396M | — |
| Total debt | $2.01B | $3.22B | $3.07B | $2.22B | $2.33B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MTZ)
P/E 27.9x · P/S 0.9x · EV/Sales 1.0x · P/FCF 56.3x · P/B 4.0x · FCF yield 1.78% · Earnings yield 3.59% · Buyback yield (TTM) 0.00% · Net debt $2.42B · EV $16.2B
P/E at fiscal year-ends: Dec 2025 42.9x, Dec 2024 66.0x.
Superinvestors (SEC 13F-HR, Q2 2026) (MTZ)
2 of 80 tracked investors hold MTZ. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Stephen Mandel | Lone Pine Capital | 3.42% | $560M | Reduced -12.1% |
| Daniel Loeb | Third Point | 2.60% | $121M | Reduced -9.4% |
Insider sales (SEC Form 4, open-market, last ~7 months) (MTZ)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-03 | Csiszar Ernst N | Director | 6,500 | $2.4M | 37.5% | No | Too little history (no open-market trades in 2023) |
| 2026-05-04 | Campbell C Robert | Director | 3,000 | $1.3M | 8.9% | No | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (MTZ)
Consensus Buy (mean 1.81 on a 1–5 scale), 21 analysts; mean target USD 364.9 (low 240, high 518).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | JP Morgan | Target lowered | Overweight | $369 → $303 |
| 2026-10-19 | Barclays | Target lowered | Overweight | $340 → $320 |
| 2026-10-15 | Keybanc | Target lowered | Overweight | $371 → $320 |
| 2026-10-08 | Stifel | Target lowered | Buy | $376 → $305 |
| 2026-10-05 | Truist Securities | Target lowered | Buy | $428 → $380 |
| 2026-10-05 | TD Cowen | Target lowered | Buy | $420 → $320 |
| 2026-09-28 | Piper Sandler | Target lowered | Overweight | $321 → $313 |
| 2026-09-09 | Piper Sandler | Initiated | Overweight | $321 |
| 2026-08-12 | Goldman Sachs | Target lowered | Buy | $508 → $409 |
| 2026-08-04 | UBS | Target lowered | Buy | $453 → $410 |
| 2026-08-04 | Mizuho | Target lowered | Outperform | $502 → $457 |
| 2026-08-03 | Citigroup | Target lowered | Buy | $483 → $408 |
Total return (dividends reinvested) (MTZ)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -16.3% | +93.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -16.3% | +14.1% |
| Volatility (annualized) | 53.3% | 44.5% |
| Max drawdown | -60.8% (May 2026→Oct 2026) | -58.9% (Apr 2026→Oct 2026) |
MTZ revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Clean Energy and Infrastructure | $1.62B | 37.1% | +43.4% |
| Power Delivery | $1.25B | 28.5% | +19.1% |
| Communications | $888.9M | 20.3% | +6.2% |
| Pipeline Infrastructure | $642.8M | 14.7% | +19.1% |
| Total revenue | $4.37B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MTZ suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | AT&T (T) | “One such example is the AT&T and BlackRock Alternatives private equity fiber partnership, Gigapower LLC” |
Quoted from the company's 10-K filed Feb 26, 2026.
MTZ customer concentration
In the period ended Jun 30, 2026, a single direct customer accounted for 15% of revenue, per the company's 10-Q filed Jul 30, 2026. The company does not name it.
MTZ company outlook (results filed Jul 30, 2026)
- “Increased Full Year Adjusted Diluted EPS guidance to $9.30, a 42% year-over-year increase Coral Gables, FL, July 30, 2026 — MasTec, Inc.”
- “(NYSE: MTZ) today announced second quarter 2026 financial results and updated full year 2026 financial guidance.”
Quoted word-for-word from the SEC 8-K results press release.
MTZ analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.96 | $3.09 | -4.1% | $4.95B | 17 |
| Next quarter (ends Dec 2026) | $2.69 | $2.81 | -4.1% | $5.04B | 16 |
| Current fiscal year (ends Dec 2026) | $9.28 | $9.52 | -2.5% | $18.20B | 20 |
| Next fiscal year (ends Dec 2027) | $12.38 | $13.81 | -10.3% | $21.49B | 19 |
MTZ options: expected move
Options price a move of about ±18.0% (±$31.05) by Nov 20, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±7.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 79.6% | ±18.0% |
| Dec 18, 2026 | 56 | 68.4% | ±21.5% |
| Jan 15, 2027 | 84 | 66.2% | ±25.4% |
| Apr 16, 2027 | 175 | 62.5% | ±34.2% |
| Sep 17, 2027 | 329 | 60.8% | ±45.1% |
30-day implied volatility 79.4% vs 48.9% realized over the last 30 trading days. Put/call ratio (volume) 3.71. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:15 UTC)
| Price | USD 171.55 |
|---|---|
| Change | ▼ 5.20% (down) |
| Previous Close | USD 180.96 |
| Open | USD 175.85 |
| Day Range | USD 169.56 – 178.09 |
| 52-Week Range | USD 169.56 – 441.43 |
| Volume | 1,952,449 shares |
| Market Cap | $13.78B |
| Exchange | NYQ |
Technical Analysis (MTZ)
Nexqual's technical model rates MTZ "SELL" based on 3 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:15 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 23.55 (oversold) |
| vs SMA50 | Below (USD 228.5) |
| MACD | -13.82 (negative) |
Analyst Ratings (MTZ)
Wall Street analysts rate MTZ "Buy" based on 21 analysts, with a mean price target of USD 364.9 (range USD 240–518), per Nexqual as of October 23, 2026 at 09:15 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 21 |
| Mean Target | USD 364.9 |
| High Target | USD 518 |
| Low Target | USD 240 |
| Buy / Hold / Sell | 21 / 0 / 0 |
Earnings (MTZ)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 2.96 |
| Revenue Estimate | $4.95B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.22 vs est 2.23 ▼ miss |
| 2026-03-31 | USD 1.39 vs est 0.99 ▲ beat |
| 2025-12-31 | USD 2.07 vs est 1.95 ▲ beat |
| 2025-09-30 | USD 2.48 vs est 2.3 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Financials & Fundamentals (MTZ)
| Total Revenue | $16.11B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +23.40% |
| Gross Margin | +12.91% |
| Operating Margin | +5.42% |
| Profit Margin | +3.07% |
| ROE | +16.18% |
| Debt / Equity | 0.9 |
| Current Ratio | 1.4 |
| Total Cash | $315.64M |
| Total Debt | $3.24B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $244.79M (1.5% of revenue) |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Financial Health Score (MTZ)
Nexqual rates MasTec, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:15 UTC.
| Growth | Strong — Revenue +16% YoY (annual) |
|---|---|
| Profitability | Weak — Gross margin 13%, operating 5% (last 12 months) |
| Balance Sheet | Mixed — $316M cash and investments vs $2.74B debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $245M (last 4 quarters to Jun 2026, SEC), slim 1.5% margin |
| Efficiency | Solid — ROE 16%, ROA 5.3% |
Ownership (MTZ)
| Insider Ownership | +21.16% |
|---|---|
| Institutional Ownership | +76.83% |
| Shares Outstanding | 80.30M |
| Float | 62.36M |
| Short % of Float | +7.24% |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Leadership (MTZ)
MasTec, Inc. is led by Jose Ramon Mas, CEO & Director, per Nexqual as of October 23, 2026 at 09:15 UTC.
| CEO & Director | Jose Ramon Mas |
|---|---|
| Executive VP & CFO | Paul Dimarco |
| Chief Operating Officer | Robert E. Apple |
| Group President of MasTec Brazil | Pablo A. Alvarez |
| President of Power Delivery | Zach McGuire |
Major Backers & Investors (MTZ)
Notable institutional backers of MasTec, Inc. include Peconic Partners, LLC, Hill City Capital, Lp, Lone Pine Capital, according to Nexqual as of October 23, 2026 at 09:15 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Peconic Partners, LLC | 4.58% |
| Hill City Capital, Lp | 2.68% |
| Lone Pine Capital | 1.68% |
| Bank of America Corporation | 1.66% |
| First Trust Advisors LP | 1.65% |
| JPMorgan | 1.64% |
| GLOBAL X FUNDS-Global X US Infrastructure Development ETF | 0.81% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.51% |
| Vanguard Group | 7.03% |
| State Street | 2.8% |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
From MasTec, Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- The IIJA provides approximately $65 billion of funding to improve and expand U.S. broadband infrastructure and affordability, including $42 billion allocated through the Broadband Equity, Access and Deployment ("BEAD") Program to support planning, deployment, and adoption initiatives in unserved and underserved areas.
- The IIJA includes approximately $65 billion for upgrades to power infrastructure and energy programs, research and development of transmission and electricity distribution technologies and smart grid technologies.
- Our current carbon footprint reduction efforts include the implementation of fleet efficiency initiatives within our operations, including a focus on fleet utilization, rationalization and the use of Global Positioning System ("GPS") technology in both routing and behavioral modifications.
- We offer comprehensive end-to-end infrastructure services to our customers and believe that our experience, technical expertise, geographic reach, financial resources and size are important to our customers.
Partnerships
- Our inability or failure to adjust to such changes or factors could adversely affect our results of operations, cash flows and liquidity." These trends, along with climate change initiatives, as well as the IIJA and IRA programs, which are designed to incentivize investment in clean energy technologies for power generation, are expected to drive significant future investment in electric infrastructure.
- We place a significant priority on respectful collaboration with our local communities, including indigenous communities, and we utilize indigenous community subcontractors and suppliers within our operations.
Legal & Regulatory Risks (Item 1A, quoted)
- Our operations could affect the environment or cause exposure to hazardous substances. In addition, our properties could have environmental contamination, which could result in material liabilities.
- Our failure to comply with federal, state and local agencies that oversee compliance with safety and transportation regulations could reduce our revenue, profitability and liquidity.
- We could also be exposed to increased risk of liability in locations potentially affected by climate-related risks, for example, in areas where the risk of wildfires is increased.
- Climate impacts could negatively affect our or our customers' operations from damage to properties, assets or locations associated with projects in backlog, causing projects to be delayed or canceled.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| STRL | Sterling Infrastructure, Inc. | USD 372.83 | ▼ 9.72% |
| J | Jacobs Solutions Inc. | USD 146.26 | ▲ 2.65% |
| APG | APi Group Corporation | USD 38.8 | ▼ 3.51% |
| IESC | IES Holdings, Inc. | USD 220.75 | ▼ 6.7% |
| TTEK | Tetra Tech, Inc. | USD 36.81 | ▲ 5.02% |
| STN | Stantec Inc | USD 72.77 | ▲ 3.63% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:15 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt