Infrastructure Construction & Engineering Services
Strategic Profile
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.
Cyborg Score Rationale
MasTec is projected to achieve over $15 billion in revenue and over $8 EPS by 2026. The company's diversified segments—communications, clean energy, power delivery, and pipeline—each posted double-digit growth, with pipeline backlog surging 124% YoY. According to 19 analysts, MasTec has a Strong Buy consensus rating as of February 14, 2026.
Top Insights
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.
The company is projected to achieve corporate adjusted EBITDA margin improvements year-over-year in 2026 and aims for at least 100 basis points of annual margin enhancement within its Clean Energy and Infrastructure segment.
Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating.
Named Competitors
Quanta Services — Infrastructure construction and engineering services
Dycom Industries — Specialty contracting services in telecommunications and utilities
EMCOR Group — Mechanical and electrical construction and facilities services
Recent Developments
(February 2026) Trading near 52-week highs with strong analyst coverage and consensus Strong Buy rating
(January 2026) Stock reached new 52-week high of $236+ on strong Q3 performance and raised 2026 guidance
(October 2025) Record $16.8B backlog achieved with 21% YoY growth; awarded major transmission project
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