MasTec Q4 revenue beats, boosted by pipeline infrastructure growth

MasTec

26/02/2026 21:25

Overview

North American infrastructure firm's Q4 revenue rose 16%, beating analyst expectations

Adjusted EPS for Q4 increased 44% yr/yr

Company's backlog grew 13% sequentially, reaching $19 bln

Outlook

MasTec projects 2026 revenue growth of 19% to $17 bln

Company expects 2026 adjusted EBITDA to grow 26% to $1.45 bln

MasTec sees robust growth opportunities in the coming infrastructure cycle

Result Drivers

PIPELINE INFRASTRUCTURE - Revenue in this segment surged nearly 50% year-over-year, significantly contributing to overall growth

COMMUNICATIONS GROWTH - Communications segment revenue increased 23% year-over-year, contributing to overall revenue growth

BACKLOG INCREASE - Backlog grew 13% sequentially, driven by strong demand across energy, communications, power, and infrastructure markets

Company press release: ID:nBw4V5yypa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$3.94 bln
$3.71 bln (20 Analysts)
Q4 EPS
$1.81
Q4 Net Income
$153 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for MasTec Inc is $262.00, about 8.2% below its February 25 closing price of $285.26

The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 26 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)