MasTec Q4 Sales Rise 15.8% to $3.94B; Q1 Revenue Guidance $3.48B
MasTec reported Q4 CY2025 revenue of $3.94 billion, marking a 15.8% year-on-year increase and a 5.9% beat on analyst consensus. Adjusted EPS reached $2.07, 6.4% above estimates, while Q1 CY2026 revenue guidance of $3.48 billion exceeds forecasts by 8.7%.
1. Q4 CY2025 Results
MasTec reported $3.94 billion in fourth-quarter 2025 revenue, up 15.8% year-on-year and 5.9% above consensus, with adjusted EPS of $2.07, a 6.4% beat. Adjusted EBITDA of $338.2 million reflected an 8.6% margin, exceeding estimates by 3.9%.
2. Q1 CY2026 Guidance
For first-quarter 2026, management guided revenue at a $3.48 billion midpoint, 8.7% above analysts expectations, and full-year adjusted EPS of $8.40, 3% ahead of consensus, with EBITDA set at $1.45 billion versus projected $1.39 billion.
3. Backlog Expansion
Order backlog reached $18.96 billion at quarter-end, up 32.6% year-on-year, indicating elevated demand and a robust project pipeline awaiting execution.
4. Profitability Analysis
Operating margin held steady at 4.4%, matching last year’s level, while free cash flow margin declined to 9.5% from 12.4%, reflecting higher working capital requirements.