MasTec Reports Record 2025 Results, Issues Strong 2026 Guidance Amidst Surging Backlog
summarizeSummary
MasTec announced record fourth quarter and full year 2025 financial results, exceeding guidance, and provided robust 2026 guidance, driven by unprecedented demand and a record $19 billion backlog.
check_boxKey Events
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Record 2025 Financial Performance
MasTec reported record full year 2025 revenue of $14.3 billion (up 16% year-over-year) and Adjusted Diluted EPS of $6.55 (up 66% year-over-year), both exceeding guidance expectations.
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Strong 2026 Financial Guidance
The company issued initial full year 2026 guidance projecting revenue of $17.0 billion (approximately 19% growth) and Adjusted Diluted EPS of $8.40 (approximately 28% growth), indicating continued robust expansion.
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Record Backlog Signals Future Growth
MasTec achieved a record 18-month backlog of $19.0 billion at year-end 2025, representing a 33% increase year-over-year and a 13% sequential increase from Q3 2025, driven by strong demand across all segments.
auto_awesomeAnalysis
MasTec delivered exceptional financial performance in 2025, surpassing its own guidance, and provided a very strong outlook for 2026. This indicates robust demand in its core infrastructure markets, including energy, communications, and power. The record backlog further supports sustained growth, reinforcing a bullish investment thesis. This positive news, especially the forward-looking guidance, is highly material for investors.
At the time of this filing, MTZ was trading at $295.96 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $22.9B. The 52-week trading range was $99.70 to $291.70. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.