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

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Contents

Consolidated Statements of Operations

(in thousands, except per share amounts)

	Year Ended December 31,
	2025	2024	2023
Revenue	$14,299,171	$12,303,464	$11,995,934
Costs of revenue, excluding depreciation and amortization	12,506,437	10,675,987	10,613,762
Depreciation	295,892	366,765	433,929
Amortization of intangible assets	131,190	139,853	169,233
General and administrative expenses	713,009	684,508	698,899
Interest expense, net	172,985	193,266	234,405
Equity in earnings of unconsolidated affiliates, net	(31,964)	(30,228)	(30,697)
Loss on extinguishment of debt	—	11,344	—
Other (income) expense, net	(3,776)	11,006	(40,893)
Income (loss) before income taxes	$515,398	$250,963	$(82,704)
(Provision for) benefit from income taxes	(93,384)	(51,542)	35,408
Net income (loss)	$422,014	$199,421	$(47,296)
Net income attributable to non-controlling interests	22,972	36,633	2,653
Net income (loss) attributable to MasTec, Inc.	$399,042	$162,788	$(49,949)
Earnings (loss) per share (Note 2):
Basic earnings (loss) per share	$5.12	$2.09	$(0.64)
Basic weighted average common shares outstanding	77,866	78,049	77,535
Diluted earnings (loss) per share	$5.07	$2.06	$(0.64)
Diluted weighted average common shares outstanding	78,694	78,880	77,535

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.