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MasTec, Inc.: Business Overview, Financials & Competitive Analysis

MasTec is an infrastructure construction company providing engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United S...

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AskCyborg analysts argue the bull and bear cases for MasTec, Inc. across 11 stress-tested dimensions. Listen on your commute -- faster than reading the 30-page report.

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8/ 10Strong

Cyborg Score thesis

MasTec's $16.8B backlog securing nearly 1.2x annual revenue ensures robust multi-year growth visibility and supports double-digit...

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Industry Infrastructure Construction & Engineering Services
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: November 2, 2026
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MasTec, Inc. Overview

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MasTec is an infrastructure construction company providing engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. The company delivered strong Q3 2025 results with revenue nearing $4 billion (22% YoY growth) and adjusted EBITDA growing 20% to $374 million, with adjusted EPS reaching $2.48.

Strategic Profile

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MasTec reported a record 18-month backlog of $16.8 billion at the end of Q3 2025, representing 21% year-over-year growth. The company is well-positioned for growth driven by modernization of the electrical grid and substantial new booking opportunities related to projected energy load growth in the U.S., with major new transmission and substation projects anticipated to commence in mid-2026.

Competitive Landscape

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MasTec competes in the infrastructure construction and engineering services sector with companies like Quanta Services, Dycom Industries, and EMCOR Group. The company differentiates through its position as one of the nation's top power plant and renewable energy construction companies, specializing in building and engineering of natural gas power plants, alternative fuel power plants, wind farms and solar energy facilities. Its diversified end-market exposure and large backlog provide competitive advantages.

Industry Context

MasTec, Inc. operates in Infrastructure Construction & Engineering Services.

Key facts

Founded: 1929 · Headquarters: Coral Gables, Florida · Employees: 22,000 · Revenue: $14.0B · Market cap: $21.3B

What the AI analysts debated

AI-generated and not independently verified: selected findings from the multi-agent debate on MasTec, Inc..

  • MasTec's Power Delivery segment was awarded its second-largest project ever, scheduled to commence in mid-2026.
  • After some project timing impacts, the Pipeline Infrastructure segment is showing improving demand with new contracts anticipated to contribute to future revenue gains.
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Recent developments

Material events tracked by the AskCyborg corpus.

  • February 2026Trading near 52-week highs with strong analyst coverage and consensus Strong Buy rating
  • January 2026Stock reached new 52-week high of $236+ on strong Q3 performance and raised 2026 guidance
  • +1 moreTrack every material event for MasTec, Inc. as it happens. Explore monitoring →
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Quanta ServicesInfrastructure construction and engineering services→Dycom IndustriesSpecialty contracting services in telecommunications and utilities→EMCOR GroupMechanical and electrical construction and facilities services→

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Industry context

MasTec, Inc. operates in Infrastructure Construction & Engineering Services. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does MasTec, Inc. do?+
MasTec is an infrastructure construction company providing engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United S...
What is MasTec, Inc.'s Cyborg Score?+
MasTec, Inc. has a Cyborg Score of 8/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are MasTec, Inc.'s main competitors?+
Named competitors include Quanta Services, Dycom Industries, EMCOR Group. The full competitive landscape is in the AskCyborg report.
How can I get the full MasTec, Inc. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the MasTec, Inc. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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