MasTec, Inc. MTZ
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Full analysis: 31 Jul 2026
Latest news check: 6 Jun 2026
General analysis — not personal advice.
HOLD
7/10
Confidence
Existing position can be maintained pending confirmation of margin development and cash flow.
Strong structural growth and record backlog are balanced against higher leverage and execution risk after the acquisition, supporting a neutral stance.
Market sentiment
5/10
↓
Trend: Declining
Short-term sentiment is negative after the earnings disappointment, while long-term analyst views remain positive on growth and backlog.
Price context
The stock trades 25.8 % below its 52-week high after a sharp correction in recent months, creating a more attractive entry point for long-term investors focused on backlog conversion.
Risk assessment
6/10
Dilution:
Low
Stable share count and positive cash flow
Jurisdiction:
Low
Operations primarily in the US
Execution:
High
Large acquisition and complex projects to integrate
About the company
MasTec is a US engineering and construction company focused on communications, energy and utility infrastructure. The company performs construction, installation and maintenance of power grids, clean energy, pipelines and data center infrastructure.
Sector:
Infrastructure construction
Type:
Industrial
Next report
15 Oct 2026
Q3
Catalysts
Oct 2026
Q3 report
High
Q4 2026
Backlog conversion
Medium
Horizon:
Bull case
Strong order intake and record backlog support continued revenue growth despite temporary margin pressure.
Bear case
Higher leverage after the acquisition and weak free cash flow may limit flexibility if project delays occur.
Sensitivity analysis
| Factor | If it weakens | If it strengthens |
|---|---|---|
| Backlog conversion | If conversion is delayed → revenue growth falls short of guidance and margins come under pressure. | If conversion accelerates → higher revenues and improved profitability are realized faster. |
| Superior Group integration | If integration takes longer than expected → synergies are delayed and the debt burden feels heavier. | If integration proceeds smoothly → margin contribution from data centers and mission-critical work increases profitability. |
We monitor these factors. Follow the company to get email when any of them hit.
Signal rationale (informational)
Strong structural growth and record backlog are balanced against higher leverage and execution risk after the acquisition, supporting a neutral stance.
Recent news
- Q2 results showed strong revenue growth but the stock fell sharply as earnings missed elevated market expectations. The Superior Group acquisition closed in July 2026.
Key figures
Revenue
Q2 2026
USD 4.4B
EBITDA
Q2 2026
USD 384M
Cash
Q2 2026
USD 316M
Total debt
Q2 2026
USD 2.7B
Gross margin
Q3 2025
13.5%
Shares outstanding
Q2 2026
79.0M
Price & valuation
Last close
USD 273
Market Cap
USD 21.5B
1 week
+2.2 %
3 months
-35.7 %
12 months
+47.9 %
From 52w high
-37.7 %
From 52w low
+58.0 %
Exchange
NYSE
Type
Industrials
Sector
Infrastructure construction
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.