MasTec (MTZ) Stock Overview
An infrastructure engineering and construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 4/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
MTZ Community Fair Values
Create NarrativeSee what 31 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
MasTec, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$379.66 |
| 52 Week High | US$441.43 |
| 52 Week Low | US$160.08 |
| Beta | 1.79 |
| 1 Month Change | -0.64% |
| 3 Month Change | 17.67% |
| 1 Year Change | 128.24% |
| 3 Year Change | 235.71% |
| 5 Year Change | 257.02% |
| Change since IPO | 9,732.92% |
Recent News & Updates
Narrative Update • Jun 11
MTZ: Data Center And Infrastructure Backlog Will Support Future Margin Expansion
MasTec's analyst price targets have moved up by a few dollars to align more closely with a $480 to $500 range, as analysts factor in the company's detailed 2028 revenue, EBITDA and EPS goals, along with increased free cash flow and borrowing capacity highlighted at recent investor events. Analyst Commentary Recent Street research points to a cluster of higher price targets and supportive ratings for MasTec, centered in the upper end of the current US$480 to US$500 range.Narrative Update • May 28
MTZ: Backlog And Data Center Projects Will Support Future Margin Expansion
Analysts have lifted the fair value estimate for MasTec from $400 to $545, citing higher long term growth assumptions, supported by rising Street price targets, upbeat 2028 revenue and earnings goals shared at recent analyst and investor days, and increased backlog that they say provides visibility through at least 2027. Analyst Commentary Recent research updates show a cluster of bullish analysts lifting price targets on MasTec, often after meetings with management or detailed analyst and investor day presentations.Seeking Alpha • May 20
MasTec: Growth Momentum Looks Set To Continue Through 2026
Summary MasTec delivered strong Q1 FY26 results, with revenue up 35.4% to $3.83B and adjusted EPS of $1.39, beating consensus. Sustained demand momentum across segments and a record backlog support continued double-digit topline growth in FY26. Continued focus on margin optimization along with a healthy topline growth outlook to drive earnings growth over the coming quarters. MTZ's valuation appears slightly stretched, but strong secular tailwinds and strategic diversification justify a continued buy rating. Read the full article on Seeking AlphaRecent updates
Narrative Update • Jun 11
MTZ: Data Center And Infrastructure Backlog Will Support Future Margin Expansion
MasTec's analyst price targets have moved up by a few dollars to align more closely with a $480 to $500 range, as analysts factor in the company's detailed 2028 revenue, EBITDA and EPS goals, along with increased free cash flow and borrowing capacity highlighted at recent investor events. Analyst Commentary Recent Street research points to a cluster of higher price targets and supportive ratings for MasTec, centered in the upper end of the current US$480 to US$500 range.Narrative Update • May 28
MTZ: Backlog And Data Center Projects Will Support Future Margin Expansion
Analysts have lifted the fair value estimate for MasTec from $400 to $545, citing higher long term growth assumptions, supported by rising Street price targets, upbeat 2028 revenue and earnings goals shared at recent analyst and investor days, and increased backlog that they say provides visibility through at least 2027. Analyst Commentary Recent research updates show a cluster of bullish analysts lifting price targets on MasTec, often after meetings with management or detailed analyst and investor day presentations.Seeking Alpha • May 20
MasTec: Growth Momentum Looks Set To Continue Through 2026
Summary MasTec delivered strong Q1 FY26 results, with revenue up 35.4% to $3.83B and adjusted EPS of $1.39, beating consensus. Sustained demand momentum across segments and a record backlog support continued double-digit topline growth in FY26. Continued focus on margin optimization along with a healthy topline growth outlook to drive earnings growth over the coming quarters. MTZ's valuation appears slightly stretched, but strong secular tailwinds and strategic diversification justify a continued buy rating. Read the full article on Seeking Alpha
Narrative Update • May 13
MTZ: Elevated P/E Multiples And Backlog Dependence Will Pressure Future Returns
MasTec's analyst price target has been lifted to $325.05 from $265.67, as analysts broadly updated their models to reflect higher assumed P/E multiples, a revised fair value estimate, and recent research pointing to stronger backlog support, cross segment growth, and margin progress. Analyst Commentary The recent round of price target revisions on MasTec has come in clusters, with many firms updating their models around the same time.Narrative Update • Apr 28
MTZ: Elevated Multiples And Backlog Execution Will Drive Future Downside Risk
MasTec's analyst price target has been raised from about $178 to roughly $266. Analysts are factoring in higher modeled revenue growth, a lower discount rate, and a richer future P/E multiple supported by recent research highlighting cross segment growth, margin progress, and a growing backlog tied to data centers, renewables, power delivery, and pipeline projects.
Narrative Update • Apr 13
MTZ: Backlog And Data Center Pipeline Will Shape Balanced Future Outlook
MasTec's updated analyst price target has increased from $336.32 to $348.72. Analysts attribute the change to higher Street targets supported by stronger cross segment execution, improved backlog visibility, and expectations for continued revenue and margin progress across pipeline, data center, and power delivery projects.Narrative Update • Mar 30
MTZ: Data Center And Pipeline Backlog Will Support Future Margin Expansion
Analysts have raised the MasTec fair value estimate to $400 from $300, citing stronger modeled revenue growth, slightly higher profit margins, and a higher future P/E multiple supported by rising price targets across the Street. Analyst Commentary Recent Street research around MasTec points to a cluster of higher price targets and upbeat commentary on execution across all business segments.Narrative Update • Mar 16
MTZ: Backlog And Long Haul Infrastructure Pipeline Will Drive Future Momentum
Analysts lifted the fair value estimate for MasTec to $336.32 from $246.67, citing higher modeled revenue growth, a slightly lower discount rate, and a higher future P/E assumption, which they note is supported by recent price target increases across Wall Street tied to growth across segments, margin progress, and a larger backlog. Analyst Commentary Recent Street research on MasTec reflects a generally constructive view, with multiple firms lifting price targets and updating models following Q4 results, higher guidance, and management meetings.Narrative Update • Mar 02
MTZ: Backlog Execution And Margin Assumptions Will Drive Future Downside Risk
Our new MasTec price target moves down from $205.49 to $178.22 per share, even as analysts point to higher 2026 revenue and EBITDA guidance and a larger backlog that they say improves visibility through 2027. Analyst Commentary Recent Street research has generally framed MasTec as a company with higher 2026 revenue and EBITDA guidance and a growing backlog, but opinions differ on how much of that is already reflected in the share price and how dependable the multiyear outlook is.Narrative Update • Feb 16
MTZ: Future Margin Expansion In Communications And Pipeline Will Drive Downside Risk
Narrative Update on MasTec The analyst price target for MasTec has moved higher by about $5 to $205, with analysts pointing to revised assumptions around revenue growth, profitability, and future P/E multiples informed by recent research updates from several major brokerages. Analyst Commentary Recent Street research around MasTec points to an overall constructive stance, but with pockets of caution that matter if you are thinking about risk and reward from here.Narrative Update • Feb 02
MTZ: Clean Energy And Grid Projects Will Support Higher Margin Potential
Analysts have raised their MasTec fair value estimate to $300.00, reflecting updated assumptions around revenue growth, profit margins, and a slightly lower future P/E multiple after a series of recent price target increases and constructive research views on the company. Analyst Commentary Recent research has featured a series of higher price targets and fresh positive views on MasTec, with bullish analysts pointing to a combination of stronger order pipelines, margin potential, and exposure to long-term infrastructure themes.Narrative Update • Jan 18
MTZ: Backlog And Margin Hopes Will Increase Risk Of Future Disappointment
Narrative Update The analyst price target for MasTec in our framework has moved from about US$139 to about US$200, reflecting analysts' higher assumed margins, slightly stronger revenue growth expectations, and an outlook that is supported by recent Street research citing potential margin expansion across communications, pipeline, and clean energy work as well as a healthier multi year project backlog. Analyst Commentary Recent Street research has pushed MasTec price targets into a higher range, with firms citing a mix of margin potential, communications and pipeline work, and a solid multi year project backlog as key supports for their updated views.Narrative Update • Jan 04
MTZ: Clean Energy And Grid Projects Will Drive Stronger Backlog Visibility
Analysts have modestly raised their MasTec price target to approximately $245 per share. This reflects expectations for sustained double digit revenue growth, improving clean energy margins, and strong multi year backlog visibility across transmission, distribution, pipeline, and data center related projects.Analysis Article • Jan 01
Does MasTec (NYSE:MTZ) Deserve A Spot On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Narrative Update • Dec 16
MTZ: Clean Energy And Grid Projects Will Drive Stronger Backlog And Earnings Visibility
MasTec's fair value estimate has been raised from $214.00 to approximately $294.11 as analysts factor in a wave of higher price targets, driven by accelerating transmission and distribution activity, a strengthening clean energy and data center pipeline, and increased backlog visibility across diversified end markets. Analyst Commentary Recent research updates highlight a clear shift in sentiment toward a more constructive outlook on MasTec, with bullish analysts steadily lifting price targets and emphasizing improving fundamentals across the business.Narrative Update • Dec 01
MTZ: Electric Transmission Wins And Backlog Expansion Will Drive Future Momentum
MasTec's analyst price target has been raised by analysts, increasing from $227 to a range as high as $290. Stronger order pipelines, margin opportunities in clean energy, and a growing backlog across multiple segments support a more constructive outlook.Narrative Update • Nov 17
MTZ: Order Pipeline Strength And Margin Expansion Will Drive Outperformance
MasTec’s analyst consensus price target increased from $238 to $246.67 per share, as analysts cite stronger order pipelines, margin improvement prospects, and growing opportunities across energy and utility segments in support of the raised valuations. Analyst Commentary Recent analyst activity reflects a notable increase in optimism around MasTec, as reflected in multiple upward price target revisions and positive outlooks for the company's growth prospects, operational execution, and end market momentum.Narrative Update • Nov 01
MTZ: Record Backlog And Utility Projects Will Drive Robust Revenue Visibility
MasTec's analyst fair value estimate has been raised from $227.50 to $238.00 per share, as analysts cite improving inventories, notable growth opportunities in utility and energy infrastructure, and a favorable near-term setup across several business segments. Analyst Commentary Recent Street research on MasTec has been overwhelmingly positive, with a series of price target increases and new Buy ratings reflecting rising confidence in the company's near- and long-term growth prospects.Narrative Update • Oct 18
Grid Modernization And Fiber Build-Out Will Empower Infrastructure Evolution
The analyst price target for MasTec has increased from $221.58 to $227.50. Analysts cited stronger momentum in utility and clean energy sectors, improving margins, and favorable outlooks across key end markets as drivers for the upward revision.Narrative Update • Oct 04
Grid Modernization And Fiber Build-Out Will Empower Infrastructure Evolution
The analyst price target for MasTec has been raised by approximately $10 to reflect growing confidence in the company's improving business momentum and margin upside potential, according to analysts. Analyst Commentary Recent analyst activity around MasTec highlights a growing sense of optimism regarding the company’s business outlook, execution, and valuation potential.Narrative Update • Sep 19
Grid Modernization And Fiber Build-Out Will Empower Infrastructure Evolution
Analysts have raised MasTec’s price target to $211.79, citing accelerating growth in core end markets, robust backlog momentum, and improved operational execution, while shares continue to trade at a relative discount. Analyst Commentary Bullish analysts cite accelerating activity and favorable trends in key end markets, such as gas infrastructure, electric utilities, data centers, renewables, and fiber, supporting long-term growth.Analysis Article • Aug 26
Market Participants Recognise MasTec, Inc.'s (NYSE:MTZ) Revenues
There wouldn't be many who think MasTec, Inc.'s ( NYSE:MTZ ) price-to-sales (or "P/S") ratio of 1.1x is worth a mention...Analysis Article • Aug 03
MasTec, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
MasTec, Inc. ( NYSE:MTZ ) defied analyst predictions to release its second-quarter results, which were ahead of market...Analysis Article • Jul 26
A Look At The Intrinsic Value Of MasTec, Inc. (NYSE:MTZ)
Key Insights The projected fair value for MasTec is US$186 based on 2 Stage Free Cash Flow to Equity With US$186 share...Analysis Article • Jul 08
Does MasTec (NYSE:MTZ) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Seeking Alpha • Jan 20
MasTec: Solid Growth And Cash Flows With Upside Potential
Summary The MTZ stock is trading at its all-time historical highs within a strong upward trend. Over the past 12 months, it has gained 124%, while the past decade has delivered +700%. The minimal and brief pullbacks confirm the strong shareholder base and positive expectations. Fourth-quarter EPS are expected to be nearly triple those of 2023. The valuation is attractive both compared to the average of the sector and to its peers. Read the full article on Seeking AlphaSeeking Alpha • Jan 09
MasTec: Scale And Growth At A Discounted Valuation
Summary MasTec stands out for its lower valuation and higher growth estimates compared to peers in the energy and telecom construction sectors. With over 80 years of experience, MTZ has evolved into a top-three engineering and construction company with a $14 billion backlog. The business model is asset-light, working capital-positive, and offers high returns on capital, though it faces challenges like macro slowdowns and low barriers to entry. The shares appear undervalued at a 13x P/CE and a 0.8x PEG. My US$185 price target has a 27% upside potential. Read the full article on Seeking AlphaSeeking Alpha • Nov 09
MasTec: Margin Growth And Promising Long Term Suggest A Good Buy (Rating Upgrade)
Summary MasTec's topline growth is under pressure in 2024 due to weak Oil and Gas segment performance, but strong backlog and project pipeline promise long-term growth. Despite moderate topline growth, margin improvements and strategic investments are expected to benefit the company's bottom line. Promising long-term growth prospects driven by industrial tailwinds and a robust project pipeline make the stock a compelling investment for the long term. Read the full article on Seeking AlphaSeeking Alpha • Sep 28
MasTec: Getting Expensive In Spite Of Long-Term Tailwinds
Summary MasTec has shown strong share price performance, with shares up 62% year to date. Q2'24 results were mixed, with revenue growth below expectations but strong margins, particularly in Oil and Gas, and a growing backlog in clean energy. Despite optimism for future growth in communications and clean energy, current valuation at 7.3x EV/EBITDA suggests limited upside, especially when adjusting the multiple for capex and interest expense. Given economic risks and high valuation, I recommend waiting for a better entry point around $80 for a more attractive margin of safety. Read the full article on Seeking Alpha
New Narrative • Aug 27
Renewable Energy And Infrastructure Investments Poised To Power Robust Revenue Growth
Projected U.S. energy load growth and federal funding indicate a significant increase in demand for MasTec's services, potentially boosting revenue and net margins.Seeking Alpha • Aug 12
MasTec Is A Late Bloomer That's Finally Coming Into Its Own
Summary Early excellence often captures our collective attention and imagination. But let’s not forget that late bloomers, too, often achieve excellence… in personal life, in business and in the stock market. MasTec is a business late bloomer. The company finally put itself together and is starting to benefit from its collection of strong secular industrial growth businesses. The stock isn’t cheap, but Wall Street is seeing the shares are worth the price. Read the full article on Seeking AlphaShareholder Returns
| MTZ | US Construction | US Market | |
|---|---|---|---|
| 7D | 2.1% | 2.1% | 1.4% |
| 1Y | 128.2% | 96.9% | 25.7% |
Return vs Industry: MTZ exceeded the US Construction industry which returned 96.9% over the past year.
Return vs Market: MTZ exceeded the US Market which returned 25.7% over the past year.
Price Volatility
| MTZ volatility | |
|---|---|
| MTZ Average Weekly Movement | 6.3% |
| Construction Industry Average Movement | 8.6% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: MTZ has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MTZ's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1929 | 37,000 | Jose Mas | www.mastec.com |
MasTec, Inc., an infrastructure engineering and construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Power Delivery, Pipeline Infrastructure, and Other. The company builds infrastructure for wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy power generation; pipeline infrastructure, including natural gas, water, carbon capture sequestration, and other product transport; power delivery services, such as electrical and gas transmission, and distribution systems; industrial and heavy civil infrastructure, including roads, bridges, and rail; and water infrastructure.
MasTec, Inc. Fundamentals Summary
| MTZ fundamental statistics | |
|---|---|
| Market cap | US$29.61b |
| Earnings (TTM) | US$449.98m |
| Revenue (TTM) | US$15.28b |
65.8x
P/E Ratio1.9x
P/S RatioIs MTZ overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MTZ income statement (TTM) | |
|---|---|
| Revenue | US$15.28b |
| Cost of Revenue | US$13.32b |
| Gross Profit | US$1.96b |
| Other Expenses | US$1.51b |
| Earnings | US$449.98m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.77 |
| Gross Margin | 12.82% |
| Net Profit Margin | 2.94% |
| Debt/Equity Ratio | 63.2% |
How did MTZ perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/22 09:24 |
| End of Day Share Price | 2026/06/18 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
MasTec, Inc. is covered by 33 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Justin Hauke | Baird |
| Adam Seiden | Barclays |
| Andrew Kaplowitz | Barclays |