MasTec, Inc. Overview
Pro stress-test →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
Pro stress-test →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
Pro stress-test →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