Filing Flows › Mastec (MTZ) › Q2 2025
Mastec (MTZ) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Mastec (MTZ) reported revenue of $3.5B for the second quarter 2025 (Q2 2025), +20% from a year earlier and +24% from the quarter before. Operating margin was 4.5%, net earnings $85.8M (2.4% of revenue).
Mastec, Q2 2025: revenue $3.5B (+20% year over year), operating margin 4.5%, net earnings $85.8M, operating cash flow $5.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | +24% | +20% |
| Operating profit | $158M | +337% | +151% |
| Net earnings | $85.8M | +766% | +152% |
| Operating cash flow | $5.6M | -93% | -98% |
What changed
Revenue was $3.5B in Q2 2025, up 20% year over year and up 24% from the previous quarter.
Operating profit was $0.16B, a 4.5% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 2% margin then. Total costs grew 17% against revenue growth of 20%. The fastest-growing cost line was Cost of revenue (+22%). Net earnings were $0.09B, up 152% year over year. The effective tax rate was 25.4%.
Operating cash flow was $0.01B (down 98% year over year), 6% of net income including minority interests. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.20B. Capital expenditures of $0.06B exceeded it, leaving free cash flow of −$0.06B.
Questions
What was Mastec's revenue in the second quarter 2025?
Mastec (MTZ) reported revenue of $3.5B for the second quarter 2025 (Q2 2025), +20% from a year earlier and +24% from the quarter before.
Was Mastec profitable in the second quarter 2025?
Operating profit was $158M (4.5% of revenue) and net earnings $85.8M.
Source: Mastec 10-Q on SEC EDGAR.