# MasTec, Inc. (MTZ) — Stock CV

MasTec, Inc. is a $17.2B industrial company. Revenue grew 23.5% over the last year, it keeps 3¢ of every dollar of sales as profit, and its net debt equals ~7.9 years of free cash flow. It trades at 34.5× earnings — around the middle of its own history.

> MasTec is a leading infrastructure construction company operating mainly in North America across a range of industries. Its primary activities include engineering, building, installing, maintaining, and upgrading communications, oil and gas, utility, renewable energy, and other infrastructure.

## Identity

- **Ticker**: MTZ
- **Sector**: Industrials
- **Industry**: Water, Sewer, Pipeline, Comm & Power Line Construction
- **Headquarters**: CORAL GABLES, FL
- **Employees**: 37 000
- **Website**: https://www.mastec.com
- **Market cap**: $17.2B
- **Last price**: $214.03
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $16.1B
- **Net income**: $494M
- **Free cash flow**: $245M
- **Net debt**: $1.93B
- **P/E**: 34.5
- **Revenue growth (YoY)**: 23.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 62 |
| Growth | 57 |
| Profitability | 36 |
| Health | 52 |
| Quality | 78 |
| Moat | 30 |

## Qualifications (beginner checklist) — 9 of 10 passed

- [x] Revenue growing — +23.5% YoY
- [x] Profitable — $494M TTM
- [x] Profit growing — +126.2% YoY
- [x] Generates cash — $245M TTM
- [ ] Debt under control — ~7.9y of cash flow to repay
- [x] Established company — $17.2B market cap
- [x] Not printing shares — +6.8% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [x] Financially stable — Altman Z 2.8 — grey
- [x] Valuation not extreme — P/E 34.5

## Experience (career milestones)

- **FY2025** — Best year on record: $399M net income
- **FY2023** — Revenue crossed $10B: $12.0B for the year
- **FY2016** — First recorded profitable year: $131M net income
- **FY2016** — Revenue already above $1B: $5.13B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **1998** — The company was listed on the New York Stock Exchange in 1998
- **Mar 11, 1994** — Church & Tower Group acquired 65 percent of the outstanding common stock of publicly traded…
- **1971** — Mas Canosa had turned the failing company around; he then borrowed $50,000 and bought the remaining shares…
- **1929** — Burnup & Sims was the oldest of the two founding companies and was founded in 1929 by two unemployed carpenters,…

## Strengths

- Revenue growing 23.5% year over year
- Piotroski F-Score 8/9 — fundamentally strong checklist

## Watch-outs

- Net debt would take ~11.9 years of free cash flow to repay
- Loss-making in 1 of the recent years
- Net debt equals ~7.9 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $7.95B | $329M | $623M |
| FY2022 | $9.78B | $33.4M | $88.9M |
| FY2023 | $12.0B | -$49.9M | $494M |
| FY2024 | $12.3B | $163M | $973M |
| FY2025 | $14.3B | $399M | $286M |

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Source: https://stockcv.com/MTZ — derived from company filings; may be delayed or incomplete. Information, not investment advice.