MasTec, Inc. (MTZ) balance sheet

NYSE · Industrials · Engineering & Construction · 37,000 employees · CEO Jose Ramon Mas

Price: $193.77 +4.14%
Market cap: $15.6B
Enterprise value: $19.8B
Last report: Q3 '26 filed 2026-10-29
Next report: 2027-02-25 EPS est. $2.69

At the end of Q3 '26 MasTec, Inc. (MTZ) held $482M in cash and short-term investments against $4.7B of debt incl. leases. Total assets $14.1B, total liabilities $9.94B, shareholders' equity $4.05B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	$530M	$249M	$298M	$181M	$400M	$346M	$191M	$231M	$396M	$274M	$316M	$482M
Receivables	$3.13B	$2.9B	$2.88B	$3.1B	$2.94B	$2.86B	$3.22B	$3.7B	$3.54B	$3.87B	$4.23B	$5.32B
Inventory	$108M	$112M	$108M	$101M	$107M	$115M	$109M	$112M	$112M	$117M	$114M	$111M
Other current assets	$104M	$86.2M	$94.9M	$101M	$89.1M	$103M	$93.8M	$103M	$92M	$92.4M	$130M	$154M
Current assets	$3.97B	$3.45B	$3.48B	$3.57B	$3.65B	$3.55B	$3.75B	$4.31B	$4.33B	$4.52B	$4.94B	$6.2B
Property, plant & equipment (net)	$2.07B	$2B	$1.93B	$1.92B	$1.95B	$1.97B	$2.06B	$2.09B	$2.19B	$2.34B	$2.4B	$2.58B
Long-term investments	$23M	$24M	$24M	$23M	$23M	$22M	$22M	$21M	$399M	$33.3M	$367M	$0
Goodwill	$2.13B	$2.13B	$2.13B	$2.14B	$2.2B	$2.2B	$2.21B	$2.21B	$2.25B	$2.35B	$2.36B	$3.04B
Intangible assets	$784M	$751M	$717M	$718M	$727M	$695M	$664M	$632M	$656M	$761M	$730M	$1.73B
Deferred tax assets	$0	$0	$0	$0	$0	$0	$0	$0	$202M	$0	$0	$0
Other non-current assets	$395M	$401M	$401M	$395M	$424M	$425M	$427M	$430M	$104M	$440M	$131M	$584M
Non-current assets	$5.4B	$5.3B	$5.2B	$5.19B	$5.32B	$5.32B	$5.39B	$5.39B	$5.8B	$5.92B	$5.99B	$7.94B
Total assets	$9.37B	$8.75B	$8.68B	$8.76B	$8.98B	$8.86B	$9.13B	$9.69B	$10.1B	$10.4B	$10.9B	$14.1B
Liabilities
Accounts payable	$1.24B	$965M	$994M	$1.04B	$1.11B	$986M	$1.22B	$1.29B	$1.28B	$1.32B	$1.47B	$1.95B
Accrued expenses	$614M	$614M	$596M	$661M	$660M	$681M	$709M	$782M	$789M	$671M	$830M	$929M
Short-term debt	$177M	$181M	$201M	$185M	$186M	$192M	$161M	$157M	$154M	$156M	$166M	$181M
Deferred revenue	$481M	$549M	$621M	$708M	$736M	$766M	$698M	$730M	$748M	$800M	$752M	$1.1B
Other current liabilities	$185M	$180M	$189M	$147M	$166M	$136M	$125M	$123M	$123M	$226M	$110M	$115M
Current liabilities	$2.84B	$2.63B	$2.75B	$2.89B	$3B	$2.91B	$3.07B	$3.24B	$3.27B	$3.43B	$3.53B	$4.47B
Long-term debt	$2.89B	$2.54B	$2.36B	$2.14B	$2.04B	$2.04B	$2.1B	$1.99B	$1.96B	$2.15B	$2.57B	$3.99B
Lease obligations (non-current)	$293M	$292M	$283M	$265M	$261M	$249M	$256M	$463M	$505M	$540M	$314M	$336M
Deferred tax liabilities	$390M	$347M	$326M	$381M	$363M	$349M	$339M	$449M	$681M	$520M	$515M	$519M
Other non-current liabilities	$244M	$246M	$228M	$262M	$326M	$357M	$359M	$374M	$371M	$378M	$394M	$622M
Non-current liabilities	$3.82B	$3.42B	$3.2B	$3.05B	$2.99B	$3B	$3.05B	$3.28B	$3.52B	$3.58B	$3.8B	$5.46B
Total liabilities	$6.65B	$6.06B	$5.94B	$5.93B	$5.99B	$5.91B	$6.12B	$6.51B	$6.79B	$7.01B	$7.33B	$9.94B
Equity
Common stock & paid-in capital	$9.91M	$9.93M	$9.9M	$9.9M	$9.9M	$9.93M	$9.93M	$9.93M	$9.93M	$9.94M	$9.95M	$9.94M
Retained earnings	$2.15B	$2.1B	$2.14B	$2.23B	$2.31B	$2.32B	$2.4B	$2.56B	$2.71B	$2.77B	$2.9B	$3.05B
Accumulated other comprehensive income	-$53M	-$50.7M	-$51.5M	-$58.8M	-$40.8M	-$43.9M	-$35.9M	-$40.6M	-$44M	-$44.8M	-$45M	-$42.1M
Shareholders' equity	$2.71B	$2.67B	$2.71B	$2.81B	$2.91B	$2.88B	$2.95B	$3.11B	$3.26B	$3.31B	$3.48B	$4.05B
Debt
Total debt (incl. leases)	$3.5B	$3.15B	$2.99B	$2.73B	$2.63B	$2.63B	$2.67B	$2.77B	$2.8B	$3.02B	$3.24B	$4.7B
Net debt (debt - cash)	$2.97B	$2.9B	$2.69B	$2.55B	$2.23B	$2.29B	$2.48B	$2.54B	$2.4B	$2.75B	$2.92B	$4.22B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	$38.8M	$40.3M	$27.4M	$71.4M	$423M	$361M	$371M	$530M	$400M	$396M
Receivables	$1.16B	$1.6B	$1.92B	$1.87B	$1.75B	$2.25B	$3.13B	$3.13B	$2.94B	$3.54B
Inventory	$111M	$77M	$114M	$100M	$89.6M	$92.6M	$118M	$108M	$107M	$112M
Other current assets	$55.1M	$35.8M	$47.4M	$75.2M	$31.4M	$81.9M	$119M	$104M	$89.1M	$92M
Current assets	$1.4B	$1.85B	$2.17B	$2.17B	$2.36B	$2.87B	$3.86B	$3.97B	$3.65B	$4.33B
Property, plant & equipment (net)	$549M	$707M	$748M	$1.14B	$1.16B	$1.7B	$2.03B	$2.07B	$1.95B	$2.19B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$23M	$399M
Goodwill	$996M	$1.14B	$1.1B	$1.22B	$1.24B	$1.52B	$2.05B	$2.13B	$2.2B	$2.25B
Intangible assets	$180M	$191M	$169M	$212M	$184M	$670M	$946M	$784M	$727M	$656M
Deferred tax assets	$0	$0	$0	$0	$0	$0	$0	$0	$0	$202M
Other non-current assets	$56M	$179M	$253M	$255M	$283M	$360M	$409M	$418M	$424M	$104M
Non-current assets	$1.78B	$2.21B	$2.27B	$2.82B	$2.87B	$4.25B	$5.43B	$5.4B	$5.32B	$5.8B
Total assets	$3.18B	$4.07B	$4.44B	$5B	$5.23B	$7.12B	$9.29B	$9.37B	$8.98B	$10.1B
Liabilities
Accounts payable	$364M	$378M	$670M	$535M	$571M	$663M	$1.11B	$1.24B	$1.11B	$1.28B
Accrued expenses	$179M	$238M	$223M	$203M	$323M	$433M	$548M	$614M	$660M	$789M
Short-term debt	$64.6M	$87.9M	$82.7M	$118M	$145M	$138M	$172M	$177M	$186M	$154M
Deferred revenue	$161M	$194M	$232M	$206M	$228M	$314M	$406M	$481M	$736M	$748M
Other current liabilities	$70.8M	$65.5M	$76.3M	$74.8M	$75M	$141M	$164M	$185M	$166M	$123M
Current liabilities	$840M	$964M	$1.28B	$1.22B	$1.42B	$1.78B	$2.5B	$2.84B	$3B	$3.27B
Long-term debt	$961M	$1.28B	$1.32B	$1.31B	$1.16B	$1.88B	$3.05B	$2.89B	$2.04B	$1.96B
Lease obligations (non-current)	$0	$0	$0	$155M	$117M	$176M	$194M	$293M	$261M	$505M
Deferred tax liabilities	$178M	$205M	$264M	$296M	$303M	$450M	$571M	$390M	$363M	$681M
Other non-current liabilities	$99.8M	$184M	$176M	$221M	$230M	$290M	$238M	$244M	$326M	$371M
Non-current liabilities	$1.24B	$1.67B	$1.76B	$1.99B	$1.81B	$2.79B	$4.06B	$3.82B	$2.99B	$3.52B
Total liabilities	$2.08B	$2.63B	$3.05B	$3.21B	$3.22B	$4.58B	$6.55B	$6.65B	$5.99B	$6.79B
Equity
Common stock & paid-in capital	$9.06M	$9.09M	$9.13M	$9.19M	$9.31M	$9.54M	$9.86M	$9.91M	$9.9M	$9.93M
Retained earnings	$510M	$857M	$1.12B	$1.51B	$1.83B	$2.16B	$2.2B	$2.15B	$2.31B	$2.71B
Accumulated other comprehensive income	-$65.8M	-$63.7M	-$60.5M	-$75.7M	-$91.4M	-$78.8M	-$51M	-$53M	-$40.8M	-$44M
Shareholders' equity	$1.1B	$1.43B	$1.39B	$1.79B	$2.01B	$2.54B	$2.74B	$2.71B	$2.91B	$3.26B
Debt
Total debt (incl. leases)	$1.03B	$1.37B	$1.41B	$1.67B	$1.49B	$2.29B	$3.51B	$3.5B	$2.63B	$2.8B
Net debt (debt - cash)	$987M	$1.33B	$1.38B	$1.6B	$1.07B	$1.93B	$3.14B	$2.97B	$2.23B	$2.4B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30

Data as of 2026-11-03