MasTec

MTZ

Market cap $16.7B

MasTec delivered a strong Q3 FY25 with double-digit topline growth, robust demand across all segments, and a record $16.8 billion backlog. MTZ's Communication, Power Delivery, Clean Energy, and Pipeline segments all showed healthy growth, supporting continued double-digit revenue expansion into FY25 and beyond. Despite a slightly premium valuation, the company's earnings momentum and strategic positioning justify a bullish outlook, with valuation improving as FY26 approaches.

The robust public infrastructure spending environment is benefiting firms operating in the infrastructure and specialty-construction markets focused on utilities, energy, pipeline and heavy civil projects. Companies like Primoris Services Corporation PRIM and MasTec, Inc. MTZ are a few names that are leveraging the incremental market trends.

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MTZ gains momentum as soaring wireless, wireline and fiber demand boosts revenues, backlog and telecom infrastructure visibility.

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.