MTZ
MasTec, Inc.
MTZ's fundamentals are strong: revenue grew 26% and earnings per share grew 45%. At 30x earnings, it's trading in line with its usual 33x. Analysts expect that strong growth to continue, though they disagree widely on how much.
MTZ Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Stable |
MTZ's revenue and profitability are currently healthy, and its cash flow and balance sheet are stable.
MTZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $91.45 | -51% |
| Forward | 16x | $185 | — |
| Current | 30x | $185 | — |
| Fair | 32x | $195 | +5.1% |
| Expensive | 68x | $416 | +125% |
Historical ranges are pointers, not guarantees.
MTZ's PE is in its fair range at 30x. If earnings grow as analysts expect, today's price would be 16x next year's earnings, in its cheap range.
MTZ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for MTZ, with profitability holding steady. However, they disagree widely on these estimates.
MTZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.54 | +89% |
| Q3 2026 | $6.12 | +45% |
| Q2 2026 | $6.27 | +86% |
| Q1 2026 | $5.71 | +110% |
| Q4 2025 | $5.07 | +146% |
| Q3 2025 | $4.21 | +269% |
| Q2 2025 | $3.38 | +2973% |
| Q1 2025 | $2.72 | +$2.84 |
| Q4 2024 | $2.06 | +$2.70 |
MTZ's earnings per share have climbed steadily: $6.12 over the past year, up 45% from the year before, and higher year over year for 11 quarters in a row.
MTZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.2B | +30% |
| Q2 2026 | $4.4B | +23% |
| Q1 2026 | $3.8B | +34% |
| Q4 2025 | $3.9B | +16% |
| Q3 2025 | $4B | +22% |
| Q2 2025 | $3.5B | +20% |
| Q1 2025 | $2.8B | +6% |
| Q4 2024 | $3.4B | +3.8% |
MTZ's revenue has grown year over year for eight quarters in a row: $5.2B last quarter, up 30% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.3% | 0 points |
| Q2 2026 | 5.2% | +1.8 points |
| Q1 2026 | 3.7% | +3.4 points |
| Q4 2025 | 4.4% | +1.6 points |
| Q3 2025 | 5.3% | +1.1 points |
| Q2 2025 | 3.4% | +1.3 points |
| Q1 2025 | 0.3% | +2 points |
| Q4 2024 | 2.8% | +2.8 points |
MTZ's operating margin was 5.3% last quarter, about level with the same quarter a year ago.
MTZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $180.1M | +789% |
| Q2 2026 | -$70.1M | -$11.9M |
| Q1 2026 | $2.1M | -93% |
| Q4 2025 | $292.5M | -31% |
| Q3 2025 | $20.3M | -91% |
| Q2 2025 | -$58.2M | -125% |
| Q1 2025 | $31.1M | -62% |
| Q4 2024 | $423.4M | -7% |
MTZ still generates free cash flow, though less than at its 2023 peak: $405M over the past year.
MTZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +950K shares |
| 1 year | +1.5% | +1.2M shares |
| 3 years | +1.7% | +1.4M shares |
| 5 years | +7.9% | +5.8M shares |
| Available history | +5.2% | +4M shares |
MTZ has 80M diluted shares, up 1.5% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $50.5M |
| Q1 2025 | $26.8M |
| Q4 2023 | — |
MTZ hasn't bought back shares in the past year.
MTZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.7x | Moderate |
| Q2 2026 | 2.0x | Moderate |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.5x | Moderate |
| Q2 2025 | 2.6x | Moderate |
| Q1 2025 | 2.4x | Moderate |
| Q4 2024 | 2.4x | Moderate |
MTZ's net debt is about 2.7 years of its operating earnings (EBITDA), up from 2.5 years a year ago.
MTZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.5 | Neutral |
| Stochastic | 17.1 | Oversold |
MTZ's weekly RSI is 33 (neutral) and its Stochastic is 17 (oversold).
MTZ PE vs Industrials Sector
| Metric | MTZ | Sector median | Relative |
|---|---|---|---|
| PE | 30x | 24x | 26% above |
| PE % | 49 | 58 | 9 pts below |
MTZ is trading at 30x earnings, a 26% premium to the Industrials sector's median of 24x.
MTZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $193.6 | 4.4% below |
| 20 week MA | $249.7 | 26% below |
| 50 week MA | $286.1 | 35% below |
| 100 week MA | $224.3 | 17% below |
| 200 week MA | $160.4 | 15% above |
MTZ has fallen below most of its moving averages, though it's still 15% above its 200-week average.
MTZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $63.8 | $69.9 | +9.6% |
| 2021 | $69.9 | $91.3 | +31% |
| 2022 | $91.3 | $85.0 | -6.9% |
| 2023 | $85.0 | $75.7 | -11% |
| 2024 | $75.7 | $135.7 | +79% |
| 2025 | $135.7 | $224.4 | +65% |
| 2026 YTD | $224.4 | $185.1 | -18% |
MTZ has finished higher in four of the last six years, two of them by more than 50%. It's down 18% so far in 2026.