MTZ
MasTec, Inc.

MasTec, Inc.MTZ

Industrials · Engineering & Construction
174.10USD
+9.54%
Nov 08, 2026
MTZ overview ready
Self-performing contractor for grid interconnection and utility infrastructure
MasTec is a self-performing infrastructure engineering and construction contractor.
Primary theme is lagging
Power / Grid is lagging (-16.9pp vs SPY over 21 sessions; 8 of 32 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Solid fundamentals
Ev / sales is strong.
Primary risk
Dependence on utility and energy sector capital spending.
Market Nov 6Filing Sep 30Price action Nov 7Research Jul 30

Conviction Level

PriceAction5.4BusinessPerformance5.0BusinessQuality7.1Valuation4.5ThemeMomentum1.0Mixed — Revenue growth has accelerated, rising from +23% to +30% year over year. Diluted EPS fell 7% year over year to $1.89. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Power / GridLagging
vs SPY
−16.9pp
Theme return
−21.9%
Beating SPY
8 of 32
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$14.0B
Avg Volume (60D)
1.7M
60 sessions
Revenue Growth YoY
+16.2%
FY2025 vs FY2024
Gross Margin
+12.7%
Operating Margin
+5.1%
Trailing twelve months
Free Cash Flow Yield
+2.9%
Distance from 200DMA
-42.1%
P/E
28.9x
EV / Sales
1.0x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Mixed

Revenue growth has accelerated, rising from +23% to +30% year over year. Diluted EPS fell 7% year over year to $1.89.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+30%
$5.15B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +16%
  2. +35%
  3. +23%
  4. +30%
Earnings growthDeclining
-7.4%
Diluted EPS $1.89 vs $2.04 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +91%
  2. +492%
  3. +51%
  4. -7.4%
Operating marginStable
5.3%
-0.9 pp YoY

Business Quality

7.1 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads fair.
MasTec, Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

What changed

Company Research

Thesis
MasTec is a self-performing infrastructure engineering and construction contractor.
Opportunity
High opportunity
Interconnection and utility capital programs required to energize generation, storage and large new loads.
Key risk
Dependence on utility and energy sector capital spending.

Economic classification

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Business & Markets

Industrials · Engineering & Construction
What they do

MasTec, Inc. provides engineering, construction, installation, maintenance, and upgrade services for infrastructure projects primarily in the U.S. Canada, operating through five segments including communications, clean energy, power delivery, and pipeline infrastructure.

How it earns

Project-based revenue from contracts to build and maintain infrastructure assets.

Products & services
Wireless and wireline/fiber communications infrastructure
Renewable energy power generation infrastructure
Utility transmission and distribution construction
Natural gas pipeline infrastructure
Customers & end markets
Utility companies
Energy producers
Telecommunications providers
Government and municipal infrastructure entities
Market position

A leading self-performing infrastructure engineering and construction contractor in North America.

Demand drivers
Medium cyclicality

Business depends on capital spending cycles in utilities, energy, and communications sectors which can fluctuate with economic and regulatory conditions.

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