| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 38 | 38.2x | 17.8x | Bottom tier | |
Growth | 90 | 23.5% | 7.1% | Top tier | |
Quality | 45 | 11.2% | 4.5% | Around median | |
Safety | 68 | 0.2x | 2.6x | Top tier | |
Capital Return | 13 | — | 2.12% | Bottom tier | |
Momentum | 35 | 50.7% | 2.9% | Bottom tier | |
Sentiment | 84 | 13 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
MasTec is an integrated infrastructure contractor that generates revenue from executing power delivery, pipeline, clean energy and infrastructure, and communications projects. Its operations include transmission networks, substations and grid modernization, natural gas infrastructure, renewable energy and civil infrastructure, and data center and fiber network connections, with the ability to combine civil engineering, electrical, communications, and maintenance work in integrated projects. The acquisition of Superior Group in July 2026 added approximately 3 thousand specialized employees and expanded the company’s electrical capabilities in mission-critical facilities and data centers.
In Q2 fiscal year 2026, revenue reached $4.374 billion, up 23% year over year, and net income according to EDGAR data was approximately $130.1 million, equivalent to a net margin of about 3.0%, with earnings per share of $1.65. On an adjusted basis, the company recorded earnings before interest, taxes, depreciation, and amortization of $384 million, up 40%, and adjusted earnings per share of $2.22, up 49%, while the adjusted earnings before interest, taxes, depreciation, and amortization margin expanded by approximately 100 basis points year over year.
Q2 fiscal year 2026 revenue was distributed primarily among clean energy and infrastructure at more than $1.6 billion, power delivery at approximately $1.25 billion, communications at approximately $890 million, and pipelines at approximately $643 million. The pipeline segment achieved the highest reported margin among these segments at 18.4%, compared with more than 9% for power delivery and approximately 8.2% for communications, while clean energy and infrastructure generated earnings before interest, taxes, depreciation, and amortization of approximately $128 million. Backlog rose to a record $21.4 billion, up 30% year over year and approximately 5% sequentially, with a book-to-bill ratio of approximately 1.2 times.
The analyst consensus is “Buy,” with an average price target of $434.67, a high target of $550, and a low target of $326; the average is only approximately 1.5% below the top of the 52-week range of $441.43. The $224 target range, alongside the wide 52-week range of $171.05–$441.43, indicates significant differences in estimates of the value of backlog growth and Superior versus communications weakness and cash flow timing risks.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Revenue rose 23% year over year to $4.374 billion, and adjusted earnings before interest, taxes, depreciation, and amortization increased 40% to $384 million. The clean energy and infrastructure segment grew revenue by 43%, while power delivery revenue rose approximately 20% and pipeline revenue increased 19%. Net income according to EDGAR was approximately $130.1 million, with earnings per share of $1.65, while adjusted earnings per share reached $2.22.
MasTec closed the acquisition of Superior in July 2026 and described it as the largest acquisition in its history. Superior adds approximately 3 thousand specialized employees and expands electrical infrastructure capabilities in mission-critical facilities and data centers. Within its explanation of the updated guidance, management estimated its contribution in the second half of fiscal year 2026 at approximately $800 million in revenue and $100 million in earnings before interest, taxes, depreciation, and amortization.
The company attributed the reduction to lower wireless revenue in the second half of fiscal year 2026, the delay of new spectrum equipment until fiscal year 2027, and the postponed start of certain wireline network projects. Execution challenges on specific projects and higher fuel and indirect equipment costs also affected Q2 fiscal year 2026 profitability. Annual segment expectations are now approximately $3.25 billion in revenue, with an earnings before interest, taxes, depreciation, and amortization margin in the high single digits and approximately 100 basis points lower year over year.
Automated analysis for informational purposes only — not investment advice.
Backlog reached a record $21.4 billion at the end of Q2 fiscal year 2026, up 30% year over year and approximately 5% sequentially. The company added approximately $2.5 billion to backlog during the first half of fiscal year 2026, but management said only a limited portion of it would enter fiscal year 2026 revenue. Fiscal year 2027 is expected to benefit from most of this increase, and a major contract that increased pipeline backlog is scheduled for execution in fiscal year 2027.
Management identified power delivery, clean energy and infrastructure, and pipelines as the expected drivers of backlog growth through the end of fiscal year 2026. Backlog for these segments was approximately $6.3 billion, $7.8 billion, and $1.8 billion, respectively, at the end of Q2 fiscal year 2026. The company links growth to grid modernization, data centers, renewable energy, power generation, and demand for gas pipelines, while stating that its expansion in the mission-critical facilities market remains in its early stages.
