Filing Flows › Mastec (MTZ) › Q4 2025
Mastec (MTZ) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Mastec (MTZ) reported revenue of $3.9B for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and -0.7% from the quarter before. Operating margin was 4.4%, net earnings $143M (3.6% of revenue).
Mastec, Q4 2025: revenue $3.9B (+16% year over year), operating margin 4.4%, net earnings $143M, operating cash flow $373M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9B | -0.7% | +16% |
| Operating profit | $174M | -30% | +80% |
| Net earnings | $143M | -11% | +91% |
| Operating cash flow | $373M | +319% | -21% |
| Free cash flow | $293M | 14× | -31% |
What changed
Revenue was $3.9B in Q4 2025, up 16% year over year and down 1% from the previous quarter.
Operating profit was $0.17B, a 4.4% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 14% reached operating profit, above the 3% margin then. Total costs grew 14% against revenue growth of 16%. The fastest-growing cost line was Cost of revenue (+16%). Net earnings were $0.14B, up 91% year over year. The effective tax rate was 12.1%.
Operating cash flow was $0.37B (down 21% year over year), 244% 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 added $0.10B. Capital expenditures of $0.08B left free cash flow of $0.29B.
Questions
What was Mastec's revenue in the fourth quarter 2025?
Mastec (MTZ) reported revenue of $3.9B for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and -0.7% from the quarter before.
Was Mastec profitable in the fourth quarter 2025?
Operating profit was $174M (4.4% of revenue) and net earnings $143M.
Source: Mastec 10-K on SEC EDGAR.