Financials MasTec, Inc.

Equities

MTZ

US5763231090

Construction & Engineering

Market Closed - Nyse Other stock markets 02:30:02 07/03/2026 am IST			5-day change	1st Jan Change
285.61 ^USD	-3.28%		-4.16%	+31.39%

05/03	UBS Adjusts Price Target on MasTec to $354 From $252, Maintains Buy Rating	MT
03/03	Analyst recommendations: Block, MongoDB, Palo Alto Networks, Blackstone, Doordash….

Projected Income Statement: MasTec, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	7,952	9,778	11,996	12,303	14,299	17,038	18,557	20,143
Change	-	22.97%	22.68%	2.56%	16.22%	19.16%	8.91%	8.55%
EBITDA ¹	931.3	780.6	860.3	1,006	1,150	1,462	1,697	1,944
Change	-	-16.18%	10.21%	16.89%	14.37%	27.12%	16.06%	14.6%
EBIT ¹	449.7	125.1	80.11	436.4	652.6	918.7	1,129	1,314
Change	-	-72.17%	-35.97%	444.68%	49.57%	40.76%	22.89%	16.43%
Interest Paid ¹	-53.41	-112.3	-234.4	-193.3	-	-171.4	-164.4	-157.2
Earnings before Tax (EBT) ¹	430.1	43.06	-82.7	251	515.4	747.7	958.3	1,111
Change	-	-89.99%	-292.07%	403.45%	105.37%	45.07%	28.18%	15.92%
Net income ¹	328.8	33.35	-49.95	162.8	399	540.9	709.6	881.4
Change	-	-89.86%	-249.75%	425.91%	145.13%	35.56%	31.19%	24.2%
Announcement Date	24/02/22	23/02/23	29/02/24	27/02/25	26/02/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	1,775	1,963	2,404	1,809	1,954	2,302	2,513	3,008	2,585	2,874	3,257	3,280	2,687	2,961	3,252	3,403	2,848	3,545	3,967	3,940	3,474	4,203	4,706	4,640	3,925	4,648	5,142	5,009
Change	-	10.55%	22.5%	-24.75%	8.02%	17.77%	9.2%	19.69%	-14.08%	11.2%	13.32%	0.71%	-18.09%	10.21%	9.84%	4.63%	-16.32%	24.48%	11.91%	-0.68%	-11.84%	21.01%	11.96%	-1.39%	-15.42%	18.42%	10.63%	-2.59%
EBITDA ¹	203.9	230.2	277.9	219.3	98.7	178.5	245.6	257.9	102.5	255.4	271.1	231.4	157.3	267.8	305.9	270.9	163.7	274.8	373.5	338.2	245.4	364.8	445.8	406.7	277.7	435.7	535.9	488.6
Change	-	12.9%	20.72%	-21.09%	-54.99%	80.85%	37.59%	5.01%	-60.26%	149.17%	6.15%	-14.64%	-32.02%	70.25%	14.23%	-11.44%	-39.57%	67.87%	35.92%	-9.45%	-27.45%	48.67%	22.22%	-8.78%	-31.72%	56.9%	23.01%	-8.83%
EBIT ¹	97.95	95.04	136.6	95.57	-35.09	25.22	81.31	53.68	-87.94	68.1	62.02	37.93	0.515	117.8	179.7	138.3	36.07	156.3	252.1	208.2	116.8	227.8	305.1	260.2	112.6	263.1	369.9	325.7
Change	-	-2.96%	43.77%	-30.05%	-136.71%	171.88%	222.38%	-33.99%	-263.83%	177.44%	-8.93%	-38.84%	-98.64%	22,774.95%	52.55%	-23.04%	-73.92%	333.26%	61.35%	-17.44%	-43.89%	95.05%	33.93%	-14.72%	-56.75%	133.78%	40.6%	-11.97%
Charge d'intérêts ¹	-12.46	-13.83	-13.09	-14.04	-16.04	-19.39	-26.88	-49.94	-52.69	-59.42	-62.56	-59.74	-52.06	-50.57	-47.05	-43.59	-39.04	-43.85	-45.44	-	-44.04	-42.82	-42.54	-41.6	-40.7	-40.37	-40.03	-39.7
Earnings before Tax (EBT) ¹	95.43	102.8	140	91.78	-48.11	18.25	60.31	12.61	-125.3	19.69	22.87	0.015	-45.54	63.11	137	96.43	8.944	120.8	211.6	174	65.98	181.8	269.1	222.6	80.36	215.3	318.4	275.6
Change	-	7.75%	36.19%	-34.46%	-152.41%	137.93%	230.53%	-79.09%	-1,093.58%	115.72%	16.18%	-99.93%	-3,03,686.67%	238.59%	117.01%	-29.59%	-90.72%	1,250.55%	75.19%	-17.76%	-62.09%	175.59%	48.03%	-17.3%	-63.9%	167.86%	47.92%	-13.45%
Net income ¹	66.1	75.45	111.1	76.64	-34.98	16.21	48.9	3.224	-80.54	15.54	14.3	0.753	-41.18	33.99	95.24	74.74	9.903	85.77	160.7	142.7	46.41	132.5	195.1	159.8	51.13	165.5	245.8	212.3
Change	-	14.15%	47.23%	-31.01%	-145.64%	146.35%	201.6%	-93.41%	-2,598.14%	119.3%	-8.02%	-94.73%	-5,568.79%	182.54%	180.22%	-21.52%	-86.75%	766.06%	87.32%	-11.17%	-67.48%	185.62%	47.16%	-18.06%	-68.01%	223.74%	48.48%	-13.6%
Announcement Date	06/05/21	05/08/21	04/11/21	24/02/22	05/05/22	04/08/22	03/11/22	23/02/23	04/05/23	03/08/23	31/10/23	29/02/24	02/05/24	01/08/24	31/10/24	27/02/25	01/05/25	31/07/25	30/10/25	26/02/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: MasTec, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	1,653	2,854	2,536	1,824	-	1,342	584	-665
Change	-	72.66%	-11.14%	-28.08%	-	-	-56.48%	-213.87%
Announcement Date	24/02/22	23/02/23	29/02/24	27/02/25	26/02/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: MasTec, Inc.

Fiscal Period: December	2021	2022	2023	2024	2026	2027	2028
CAPEX ¹	170.1	263.4	192.9	148.9	254	280.2	311
Change	-	54.85%	-26.74%	-22.85%	-	10.34%	10.99%
Free Cash Flow (FCF) ¹	623	88.94	494.3	972.8	740.2	839.2	1,014
Change	-	-85.72%	455.78%	96.78%	-	13.38%	20.79%
Announcement Date	24/02/22	23/02/23	29/02/24	27/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: MasTec, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	11.71%	7.98%	7.17%	8.17%	8.04%	8.58%	9.14%	9.65%
EBIT Margin (%)	5.65%	1.28%	0.67%	3.55%	4.56%	5.39%	6.08%	6.53%
EBT Margin (%)	5.41%	0.44%	-0.69%	2.04%	3.6%	4.39%	5.16%	5.51%
Net margin (%)	4.14%	0.34%	-0.42%	1.32%	2.79%	3.17%	3.82%	4.38%
FCF margin (%)	7.83%	0.91%	4.12%	7.91%	-	4.34%	4.52%	5.03%
FCF / Net Income (%)	189.46%	266.67%	-989.68%	597.57%	-	136.84%	118.26%	115.01%
Profitability
ROA	-	-	-0.54%	3.4%	-	6.26%	7.84%	7.5%
ROE	18.24%	8.89%	5.76%	11.1%	-	17.14%	19.46%	18.95%
Financial Health
Leverage (Debt/EBITDA)	1.78x	3.66x	2.95x	1.81x	-	0.92x	0.34x	-
Debt / Free cash flow	2.65x	32.08x	5.13x	1.88x	-	1.81x	0.7x	-
Capital Intensity
CAPEX / Current Assets (%)	2.14%	2.69%	1.61%	1.21%	-	1.49%	1.51%	1.54%
CAPEX / EBITDA (%)	18.26%	33.74%	22.43%	14.8%	-	17.37%	16.51%	15.99%
CAPEX / FCF (%)	27.3%	296.08%	39.03%	15.3%	-	34.31%	33.39%	30.68%
Items per share
Cash flow per share ¹	10.73	4.624	-	-	-	-	-	-
Change	-	-56.89%	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	33.23	34.79	34.13	36.72	-	44.9	50.2	42.63
Change	-	4.69%	-1.88%	7.56%	-	-	11.8%	-15.08%
EPS ¹	4.45	0.42	-0.64	2.06	5.07	6.743	8.916	11.01
Change	-	-90.56%	-252.38%	421.88%	146.12%	32.99%	32.23%	23.49%
Nbr of stocks (in thousands)	72,445	76,949	77,494	77,930	77,642	77,856	77,856	77,856
Announcement Date	24/02/22	23/02/23	29/02/24	27/02/25	26/02/26	-	-	-