Filing Flows › Mastec (MTZ) › Q1 2026
Mastec (MTZ) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Mastec (MTZ) reported revenue of $3.8B for the first quarter 2026 (Q1 2026), +34% from a year earlier and -3% from the quarter before. Operating margin was 3.7%, net earnings $60.8M (1.6% of revenue).
Mastec, Q1 2026: revenue $3.8B (+34% year over year), operating margin 3.7%, net earnings $60.8M, operating cash flow $98.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8B | -3% | +34% |
| Operating profit | $142M | -19% | +292% |
| Net earnings | $60.8M | -57% | +514% |
| Operating cash flow | $98.9M | -73% | +26% |
| Free cash flow | $11.9M | — | -74% |
What changed
Revenue was $3.8B in Q1 2026, up 34% year over year and down 3% from the previous quarter.
Operating profit was $0.14B, a 3.7% margin (up 2.4 points year over year). Of the extra revenue versus Q1 2025, 11% reached operating profit, above the 1% margin then. Total costs grew 31% against revenue growth of 34%. The fastest-growing cost line was Cost of revenue (+32%). Net earnings were $0.06B, up 514% year over year. The effective tax rate was 23.8%.
Operating cash flow was $0.10B (up 26% year over year), 142% of net income including minority interests. Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.10B. After capital expenditures, net ($0.09B), free cash flow as the company reports it was $0.01B.
Questions
What was Mastec's revenue in the first quarter 2026?
Mastec (MTZ) reported revenue of $3.8B for the first quarter 2026 (Q1 2026), +34% from a year earlier and -3% from the quarter before.
Was Mastec profitable in the first quarter 2026?
Operating profit was $142M (3.7% of revenue) and net earnings $60.8M.
Source: Mastec 10-Q on SEC EDGAR.