Filing Flows › Mastec (MTZ) › Q1 2025
Mastec (MTZ) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Mastec (MTZ) reported revenue of $2.8B for the first quarter 2025 (Q1 2025), +6% from a year earlier and -16% from the quarter before. Operating margin was 1.3%, net earnings $9.9M (0.3% of revenue).
Mastec, Q1 2025: revenue $2.8B (+6% year over year), operating margin 1.3%, net earnings $9.9M, operating cash flow $78.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | -16% | +6% |
| Operating profit | $36.2M | -62% | — |
| Net earnings | $9.9M | -87% | — |
| Operating cash flow | $78.4M | -83% | -27% |
| Free cash flow | $31.1M | -93% | -62% |
What changed
Revenue was $2.8B in Q1 2025, up 6% year over year and down 16% from the previous quarter.
Operating profit was $0.04B, a 1.3% margin (up 3.0 points year over year). Total costs grew 3% against revenue growth of 6%. Net earnings were $0.01B. The effective tax rate was -37.8%.
Operating cash flow was $0.08B (down 27% year over year), 636% of net income including minority interests. Non-cash charges added back $0.11B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.05B left free cash flow of $0.03B.
Questions
What was Mastec's revenue in the first quarter 2025?
Mastec (MTZ) reported revenue of $2.8B for the first quarter 2025 (Q1 2025), +6% from a year earlier and -16% from the quarter before.
Was Mastec profitable in the first quarter 2025?
Operating profit was $36.2M (1.3% of revenue) and net earnings $9.9M.
Source: Mastec 10-Q on SEC EDGAR.