Filing Flows › Mastec (MTZ) › Q3 2025
Mastec (MTZ) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Mastec (MTZ) reported revenue of $4.0B for the third quarter 2025 (Q3 2025), +22% from a year earlier and +12% from the quarter before. Operating margin was 6.3%, net earnings $161M (4.0% of revenue).
Mastec, Q3 2025: revenue $4.0B (+22% year over year), operating margin 6.3%, net earnings $161M, operating cash flow $89.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | +12% | +22% |
| Operating profit | $250M | +58% | +82% |
| Net earnings | $161M | +87% | +69% |
| Operating cash flow | $89.0M | 16× | -68% |
| Free cash flow | $20.3M | — | -91% |
What changed
Revenue was $4.0B in Q3 2025, up 22% year over year and up 12% from the previous quarter.
Operating profit was $0.25B, a 6.3% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 4% margin then. Total costs grew 19% against revenue growth of 22%. The fastest-growing cost line was Cost of revenue (+23%). Net earnings were $0.16B, up 69% year over year. The effective tax rate was 21.3%.
Operating cash flow was $0.09B (down 68% year over year), 53% 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 $0.19B. Capital expenditures of $0.07B left free cash flow of $0.02B.
Questions
What was Mastec's revenue in the third quarter 2025?
Mastec (MTZ) reported revenue of $4.0B for the third quarter 2025 (Q3 2025), +22% from a year earlier and +12% from the quarter before.
Was Mastec profitable in the third quarter 2025?
Operating profit was $250M (6.3% of revenue) and net earnings $161M.
Source: Mastec 10-Q on SEC EDGAR.