MasTec (MY8) AI Stock Analysis

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MasTec

(XETRA:MY8)

Rating:―N/A

Action:N/A

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Positive Factors

Record backlog and demand visibilityThe record backlog and strong book-to-bill indicate that customer commitments are expanding faster than current execution, providing meaningful revenue visibility. This supports utilization, planning and sustained growth over the next several quarters while reducing dependence on winning only short-term individual projects.

Negative Factors

Moderate operating marginsThe relatively thin operating margin leaves limited room for labor, utilization or project-execution problems before earnings are affected. Even with revenue growth and improved profitability, sustaining returns will depend on better mix, productivity and cost control across a complex contracting portfolio.

MasTec (MY8) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 15.19B
Dividend Yield: ―
Average Volume (3M): 39
Price to Earnings (P/E): 30.6
Beta (1Y): 0.10
Revenue Growth: 19.97%
EPS Growth: 41.75%
Country: Germany
Employees: 37,000
Sector: Industrials
Sector Strength: 63
Industry: Engineering & Construction

MasTec Business Overview & Revenue Model

Company Description

MasTec, Inc. is a leading infrastructure construction firm that delivers a comprehensive suite of services, encompassing engineering, construction, installation, maintenance, and enhancement. The company primarily serves the communications, energy, u...

MasTec Earnings Call Summary

Earnings Call Date:Oct 29, 2026(Q3-2026)|% Change Since:0.92%|Next Earnings Date:Feb 25, 2027

Earnings Call SentimentPositive

The call was strongly positive overall. MasTec reported record companywide revenue, EBITDA, earnings per share and backlog, with particularly strong performance in Power Delivery, Clean Energy and Infrastructure, Superior and General Buildings. Management also highlighted substantial opportunities in power infrastructure, gas generation, data centers and pipelines, along with strong cash flow and a favorable 2027 outlook. These positives outweighed the explicitly acknowledged near-term challenges from Pipeline permitting delays and Communications revenue, margin and customer-spending pressure.

Positive Updates

Record Third-Quarter Financial Results

Third-quarter revenue was $5,152 million, up 30% year-over-year; adjusted EBITDA was $486 million, up 30%; and adjusted earnings per share were $2.96, up 19%. Revenue, EBITDA and earnings per share each reached record quarterly levels.

Negative Updates

Pipeline Project Delays Affected Near-Term Results

Several awarded Pipeline projects experienced delays in their anticipated start dates, primarily due to permitting issues. A number of projects were delayed by an average of approximately 60 days, which pushed planned third-quarter starts into the fourth quarter and negatively affected second-half 2026 revenue and earnings.

Company Guidance

Management expects Clean Energy and Infrastructure fourth-quarter growth to continue, bringing full year segment revenue and EBITDA growth north of 40%; Jose said Clean Energy and Infrastructure revenue is expected to be up 42% in 2026 and EBITDA up north of that, with Q4 revenue just under $1.9 billion. Pipeline guidance uses a base case and an upside case for fourth-quarter production, with the initial 2026 expectation of approximately $2.5 billion in revenue at mid-teen EBITDA margins, about $3 billion in 2027, and record levels by '28; work not completed in '26 is expected to be completed in 2027. Communications could drive a couple of hundred basis points of margin improvement in 2027 and, if guiding today, Jose said he would expect a flattish year in '27 but with better margins, while management remains very comfortable with current consensus expectations for 2027. MasTec continues to expect over $1 billion of cash flow from operations for 2026 and net leverage to be below 2x by year-end.

MasTec Risk Analysis

MasTec disclosed 35 risk factors in its most recent earnings report. MasTec reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

MasTec Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

DE:MY8 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STRL	73Outperform	$8.83B	16.80	42.94%	―	93.14%	75.02%
DY	69Neutral	$6.60B	20.56	18.05%	―	37.79%	23.60%
PWR	69Neutral	$87.87B	54.38	17.75%	0.07%	37.13%	63.37%
APG	67Neutral	$18.34B	-69.90	10.56%	―	16.36%	-266.65%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
PRIM	53Neutral	$3.67B	40.35	5.90%	0.44%	-5.37%	-65.14%

* Industrials Sector Average

Performance Comparison

DE:MY8 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:MY8	MasTec Inc	170.80	-0.20	-0.12%
DY	Dycom Industries	228.02	-54.67	-19.34%
PRIM	Primoris Services	72.22	-43.84	-37.78%
PWR	Quanta Services	607.94	181.34	42.51%
STRL	Sterling Infrastructure, Inc.	303.85	-22.75	-6.97%
APG	Api Group Corporation	44.04	6.51	17.35%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

MasTec AI Stock Analysis