MasTec (MTZ) delivered record Q3 2025 results, with 21% revenue growth, strong EPS, and a robust 18-month backlog reaching $16.8 billion. MTZ achieved double-digit revenue growth across all segments, with notable strength in Communications, Clean Energy & Infrastructure, and Power Delivery backlogs. Despite a technical pullback, MTZ's long-term growth outlook remains strong, supported by a growing backlog, strong top and bottom-line growth, margin expansion, and a reasonable valuation level.
MasTec, Inc. MTZ trended downward 7.9% since reporting its third-quarter 2025 financial results on Oct. 30, underperforming the Zacks Building Products - Heavy Construction industry and the S&P 500 index, but outperforming the broader Zacks Construction sector. This Florida-based infrastructure construction company's third-quarter 2025 adjusted earnings of $2.48 per share and revenues of $3.97 billion topped the Zacks Consensus Estimate by 7.4% and 1.6%, respectively.
MasTec, Inc. MTZ has been witnessing growth in its Pipeline Infrastructure segment since the beginning of 2025, with the third quarter showing incremental growth. This segment's estimated 18-month backlog has been increasing in the first, second and third quarters by 45.1%, 82.5% and 123.8%, respectively, on a year-over-year basis.
MasTec, Inc. MTZ offers services to the renewables market through its Clean Energy and Infrastructure segment, which is one of its non-pipeline businesses. From the start of 2025, the company has witnessed robust growth in renewables projects, given the market's inclination toward the clean energy transition.
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MTZ posts strong Q3 earnings and revenue beats, fueled by clean energy, power delivery and record backlog growth.
MasTec, Inc. ( MTZ ) Q3 2025 Earnings Call October 31, 2025 9:00 AM EDT Company Participants Chris Mecray Jose Mas - CEO & Director Paul Dimarco - Executive VP & CFO Conference Call Participants Ati Modak - Goldman Sachs Group, Inc., Research Division Jamie Cook - Truist Securities, Inc., Research Division Philip Shen - ROTH Capital Partners, LLC, Research Division Steven Fisher - UBS Investment Bank, Research Division Andrew Kaplowitz - Citigroup Inc., Research Division Justin Hauke - Robert W. Baird & Co. Incorporated, Research Division Julien Dumoulin-Smith - Jefferies LLC, Research Division Marc Bianchi - TD Cowen, Research Division Brian Brophy - Stifel, Nicolaus & Company, Incorporated, Research Division Brent Thielman - D.A.
While the top- and bottom-line numbers for MasTec (MTZ) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
MasTec (MTZ) came out with quarterly earnings of $2.48 per share, beating the Zacks Consensus Estimate of $2.31 per share. This compares to earnings of $1.63 per share a year ago.
MasTec, Inc.'s MTZ diversified service offerings, which span beyond oil and gas projects, are driving its growth momentum. Its focus across solar, wind and transmission projects substantiates this positive trajectory.
MTZ's third quarter is poised for solid growth backed by strong demand and a record backlog, though its steep valuation could test investor optimism.
MasTec (MTZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.