MasTec, Inc. (MTZ)财务
NYSE · Industrials · Engineering & Construction · 员工37,000人 · CEO Jose Ramon Mas
- 股价
- $193.77 +4.14%
- 市值
- $156亿
- 企业价值
- $198亿
- 最近财报
- Q3 '26 2026-10-29提交
- 下次财报
- 2027-02-25 EPS预期 $2.69
营收(TTM)$173亿+25.7% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)4.9%-0.1 百分点 对比去年同期营业利润 $8.52亿
净利润(TTM)$4.93亿+48.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$4.05亿-2.9% 对比去年同期资本支出 $3.56亿
稀释EPS(TTM)$6.12+45.4% 对比去年同期最近4个季度之和
净现金-$42.2亿-66.4% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $156亿 EV $198亿
- 营收
- $173亿 过去12个月
- 营收增速
- +27% FY2026年一致预期
- 净利润率
- 2.9% 净利润 / 营收,TTM
- P/E
- 31.4× 预期 21.0×(FY2026)
- P/S
- 0.9× 股价 / 营收,TTM
- EV / EBITDA
- 14.1× TTM
- 自由现金流
- $4.05亿 过去12个月
- 净利润
- $4.93亿 过去12个月
- 营收预期
- $182亿 FY2026年一致预期
- 盈利
- 2027-02-25 营收预期 $49.8亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-29):营收超预期4.3%,EPS 符合预期营收$51.5亿,预期$49.4亿(+4.3%);EPS $2.96,预期$2.95(+0.3%)。
- 营收增长加速:同比29.9%Q3 '26营收$51.5亿,此前四个季度的平均值为23.9%。
- 营业利润率4.9%(TTM),较去年同期-0.1 百分点营收增长25.7%,营业利润增长23.9%。
- 税前利润的25.4%被营业外亏损吞噬税前利润$6.79亿,营业利润$8.52亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的2.1%(去年为1.7%)最近4个季度投入$3.56亿(同比+56.0%)。自由现金流$4.05亿,相当于净利润的82.1%。
- 稀释股数一年内增加1.5%Q3 '26稀释股数7980万,一年前为7860万。
- 净债务 $42.2亿现金 + 短期投资 $4.82亿,含租赁债务 $47亿;一年前净债务 $25.4亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $51.5亿 | $39.7亿 | +29.9% |
| 毛利率 | 12.8% | 13.6% | -0.7 百分点 |
| 营业利润 | $2.75亿 | $3.57亿 | -22.8% |
| 营业利润率 | 5.3% | 9.0% | -3.6 百分点 |
| 净利润 | $1.51亿 | $1.61亿 | -6.3% |
| 稀释EPS | $1.89 | $2.04 | -7.4% |
| 经营现金流 | $2.67亿 | $8900万 | +200.6% |
| 资本支出 | $8730万 | $6870万 | +27.2% |
| 自由现金流 | $1.8亿 | $2030万 | +788.2% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $1130万 | $931万 | +21.3% |
实际 vs 一致预期
2026-10-29| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $51.5亿 | $49.4亿 | +4.3% |
| EPS(一致预期口径) | $2.96 | $2.95 | +0.3% |
来自2026-10-29发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Clean Energy and Infrastructure | $18.3亿 | +33.9% | 54.4% | $60.7亿 | +29.9% | |
| Power Delivery | – | – | – | – | – | |
| Communications | $8.07亿 | -11.8% | 24.0% | $34亿 | -0.1% | |
| Pipeline Infrastructure | $7.24亿 | +21.1% | 21.6% | $26.9亿 | – | |
| Eliminations | – | – | – | – | – | |
| Other | – | – | – | – | – |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Non-US | $8960万 | +129.7% | 100.0% | $3.47亿 | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $7.61亿
- 资本支出
- -$3.56亿
- 股票回购
- $0
- 股息
- $0
- 收购
- -$16.8亿
- 债务净发行
- $15.8亿
- 股权激励费用
- $5430万
- 自由现金流
- $4.05亿
- 股东回报 / FCF
- -0.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 31.4× | 79.4× 5年中的4年 | 20.3× – 189.6× |
| EV / EBITDA | 14.1× | 13.3× | 9.5× – 17.3× |
| EV / 营收 | 1.1× | 1.0× | 0.7× – 1.4× |
| 股价 / FCF | 38.5× | 32.9× | 10.7× – 71.9× |
| 股价 / 净资产 | 3.8× | 3.2× | 2.2× – 5.2× |
| FCF收益率 | 2.6% | 6.0% | 1.4% – 9.3% |
| 投入资本回报率 | 7.2% | 4.3% | 1.3% – 7.4% |
| 净资产收益率 | 14.0% | 6.0% | -1.8% – 12.9% |
分析师
一致目标价 $379.07 (+95.6%)
区间 $270.00 – $550.00 · 评级 Buy
强烈买入0
买入32
持有4
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $182亿 | +27.4% | $9.22 | +81.9% | 21.0× | 10 |
| FY2027 | $215亿 | +18.1% | $12.30 | +33.3% | 15.8× | 14 |
| FY2028 | $247亿 | +14.8% | $16.24 | +32.1% | 11.9× | 6 |
| FY2029 | $279亿 | +13.1% | $20.64 | +27.1% | 9.4× | 3 |
| FY2030 | $304亿 | +8.8% | $23.55 | +14.1% | 8.2× | 2 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
MasTec, Inc.在近期10-Q / 10-K文件中标记的全部295项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $6180万 | $4540万 | +36.0% | – | – | – | |
| $8740万 | $6870万 | +27.2% | – | – | – | |
| Accounts Payable, Current | $19.5亿 | $12.9亿 | +51.4% | $12.8亿 | $11.1亿 | +15.8% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $25.4亿 | $16.9亿 | +50.1% | $15.4亿 | $13.8亿 | +11.5% |
| Accounts Receivable, Allowance for Credit Loss, Current | $1360万 | $1790万 | -24.0% | $1790万 | $1910万 | -6.3% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | – | – | – | $70万 | $80万 | -12.5% |
| Accounts Receivable, before Allowance for Credit Loss, Current | $25.5亿 | $17.1亿 | +49.4% | $15.6亿 | $14亿 | +11.3% |
| Accounts Receivable, Credit Loss Expense (Reversal) | -$350万 | $40万 | -975.0% | -$50万 | $480万 | -110.4% |
| Accrued Liabilities, Current | $5.56亿 | $4.99亿 | +11.5% | $5.41亿 | $4.55亿 | +18.8% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$4210万 | -$4060万 | -3.6% | -$4400万 | -$4080万 | -7.8% |
| Additional Paid in Capital, Common Stock | $17.2亿 | $13.1亿 | +31.3% | $13.2亿 | $12.9亿 | +2.2% |
| Amortization of Debt Issuance Costs | – | – | – | $470万 | $460万 | +2.2% |
| Amortization of Debt Issuance Costs and Discounts | $112万 | $118万 | -5.0% | $477万 | $553万 | -13.9% |
| Amortization of Intangible Assets | $7530万 | $3270万 | +130.3% | $1.31亿 | $1.4亿 | -6.2% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2,000 | 1,000 | +100.0% | 1.1万 | 1.6万 | -31.3% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1130万 | $931万 | +21.3% | $3400万 | $3270万 | +4.1% |
| Assets | $141亿 | $96.9亿 | +45.8% | $99.2亿 | $89.8亿 | +10.6% |
| Assets, Current | $62亿 | $43.1亿 | +44.0% | $43.3亿 | $36.5亿 | +18.5% |
| Business Acquisition, Pro Forma Net Income (Loss) | $1.74亿 | $1.75亿 | -0.2% | $4.3亿 | $1.96亿 | +119.6% |
| Business Acquisition, Pro Forma Revenue | $52.5亿 | $43.5亿 | +20.8% | $145亿 | $126亿 | +15.3% |
| Business Combination, Acquisition Related Costs | $02026-03-31 | – | – | $400万 | $300万 | +33.3% |
| Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | $02026-06-30 | – | – | $0 | $0 | – |
| Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | $1.95亿2026-06-30 | – | – | $1.66亿 | $4280万 | +288.8% |
| Capital Expenditures Incurred but Not yet Paid | $1030万 | -$1620万 | +163.6% | $1510万 | $700万 | +115.7% |
| Capitalized Computer Software, Gross | $2.47亿2026-03-31 | – | – | $2.47亿 | $2.28亿 | +8.3% |
| Capitalized Computer Software, Net | $4950万2026-03-31 | – | – | $5400万 | $5110万 | +5.7% |
| Cash and Cash Equivalents, at Carrying Value | $4.82亿 | $2.31亿 | +108.2% | $3.96亿 | $4亿 | -1.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $4.82亿 | $2.31亿 | +108.2% | $3.96亿 | $4亿 | -1.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $1.66亿 | $4040万 | +311.7% | -$387万 | -$1.3亿 | +97.0% |
| Common Stock, Par or Stated Value Per Share | $0.10 | $0.10 | 0.0% | $0.10 | $0.10 | 0.0% |
| Common Stock, Shares Authorized | 1.45亿 | 1.45亿 | 0.0% | 1.45亿 | 1.45亿 | 0.0% |
| Common Stock, Shares, Issued | 9940万 | 9930万 | +0.1% | 9930万 | 9900万 | +0.3% |
| Common Stock, Value, Issued | $994万 | $993万 | +0.1% | $993万 | $990万 | +0.3% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $1710万 | $795万 | +115.0% | $2430万 | $3660万 | -33.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1.53亿 | $1.56亿 | -1.6% | $3.96亿 | $1.6亿 | +147.1% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $1.71亿 | $1.64亿 | +4.0% | $4.2亿 | $1.97亿 | +113.4% |
| Construction Payable, Current | $2亿 | – | – | $2.71亿 | $2.19亿 | +23.8% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $27.8亿 | $20.1亿 | +38.3% | $20亿 | $15.6亿 | +28.7% |
| Contract with Customer, Liability, Current | $11亿 | $7.3亿 | +50.8% | $7.48亿 | $7.36亿 | +1.6% |
| Contract with Customer, Liability, Revenue Recognized | $2590万 | $2650万 | -2.3% | $7.06亿 | $4.17亿 | +69.3% |
| Contracts Receivable, Claims and Uncertain Amounts, Expected to be Collected in Next Twelve Months | $3.34亿 | $2.11亿 | +58.3% | $2.29亿 | $1.39亿 | +64.7% |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization | $44.9亿 | $34.3亿 | +31.0% | $125亿 | $107亿 | +17.1% |
| Cost, Amortization | $7530万 | $3270万 | +130.1% | $1.31亿 | $1.4亿 | -6.2% |
| Cost, Depreciation | $9380万 | $7180万 | +30.5% | $2.96亿 | $3.67亿 | -19.3% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$5120万 | $6890万 | -174.3% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $190万 | $780万 | -75.6% |
| Current Income Tax Expense (Benefit) | – | – | – | -$2180万 | $8600万 | -125.3% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $2750万 | $930万 | +195.7% |
| Debt Issuance Costs, Net | $2260万 | $1590万 | +42.1% | $1490万 | $1460万 | +2.1% |
| Deferred Compensation Liability, Classified, Noncurrent | $3680万2025-12-31 | $3540万 | +4.0% | $3680万 | $3540万 | +4.0% |
| Deferred Compensation Plan Assets | $3370万2025-12-31 | $2900万 | +16.2% | $3370万 | $2900万 | +16.2% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $1.43亿 | -$2620万 | +646.9% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$970万 | $0 | – |
| Deferred Income Tax Expense (Benefit) | – | – | – | $1.15亿 | -$3450万 | +433.9% |
| Deferred Income Tax Liabilities, Net | $5.19亿 | $4.49亿 | +15.5% | $4.78亿 | $3.63亿 | +31.8% |
| Deferred Income Taxes and Tax Credits | $492万 | $1.1亿 | -95.5% | $1.15亿 | -$3440万 | +434.4% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$1840万 | -$830万 | -121.7% |
| Deferred Tax Assets, Net of Valuation Allowance | $2.02亿2025-12-31 | $4.85亿 | -58.3% | $2.02亿 | $4.85亿 | -58.3% |
| Deferred Tax Assets, Operating Loss Carryforwards | $8830万2025-12-31 | $9330万 | -5.4% | $8830万 | $9330万 | -5.4% |
| Deferred Tax Assets, Other | $1340万2025-12-31 | $2050万 | -34.6% | $1340万 | $2050万 | -34.6% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 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
数据截至 2026-11-03