MASTEC INC

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 26, 2026

MTZ$180.84-4.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Equity

(in thousands, except shares)

Common Stock · Treasury Stock · Capital Surplus · Retained Earnings · Accumulated Other Comprehensive Loss · Total MasTec, Inc. Shareholders’ Equity · Non-Controlling Interests · Total Equity
Shares · Amount · Shares · Amount
Balance as of December 31, 2022	98,615,105		$9,862	(19,933,055)			$(663,910)				$1,246,590				$2,195,742				$(50,955)	$2,737,329	$3,858	$2,741,187
Net (loss) income						(49,949)					(49,949)			2,653			(47,296)
Other comprehensive loss								(2,042)			(2,042)					(2,042)
Non-cash stock-based compensation					33,335						33,335					33,335
Issuance of restricted shares, net	592,553	59				(59)							—					—
Shares withheld for taxes, net of other stock issuances	(118,636)	(12)				(5,436)							(5,448)					(5,448)
Issuance of shares in connection with acquisition	4,112	—				403							403					403
Distributions to non-controlling interests										—			(2,818)			(2,818)
Purchase of non-controlling interests			120,000	3,997		(11,473)							(7,476)			(2,524)			(10,000)
Sale of minority interest in subsidiary										—			7,112			7,112
Non-controlling interests assumed related to acquisitions										—			6,828			6,828
Balance as of December 31, 2023	99,093,134		$9,909	(19,813,055)			$(659,913)				$1,263,360				$2,145,793				$(52,997)	$2,706,152	$15,109	$2,721,261
Net income						162,788					162,788			36,633			199,421
Other comprehensive loss								(2,600)			(2,600)					(2,600)
Non-cash stock-based compensation					32,672						32,672					32,672
Forfeiture of restricted shares, net	(30,672)	(3)				3							—					—
Shares withheld for taxes, net of other stock issuances	(33,451)	(3)				(2,943)							(2,946)					(2,946)
Issuance of shares in connection with acquisition			93,259	3,106		10,093							13,199					13,199
Distributions to non-controlling interests										—			(32,943)			(32,943)
Consideration transferred in a foreign subsidiary					(12,158)				14,750			2,592			17,500			20,092
Non-controlling interests assumed related to acquisitions										—			39,187			39,187
Balance as of December 31, 2024	99,029,011		$9,903	(19,719,796)			$(656,807)				$1,291,027				$2,308,581				$(40,847)	$2,911,857	$75,486	$2,987,343
Net income						399,042					399,042			22,972			422,014
Other comprehensive (loss) income								(3,186)			(3,186)			1,283			(1,903)
Non-cash stock-based compensation					34,002						34,002					34,002
Issuance of restricted shares, net	333,408	33				(33)							—					—
Shares withheld for taxes, net of other stock issuances	(42,503)	(4)				(5,076)							(5,080)					(5,080)
Acquisition of treasury stock, at cost			(702,533)	(77,326)								(77,326)					(77,326)
Distributions to non-controlling interests, net										—			(24,529)			(24,529)
Balance as of December 31, 2025	99,319,916		$9,932	(20,422,329)			$(734,133)				$1,319,920				$2,707,623				$(44,033)	$3,259,309	$75,212	$3,334,521

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.