CluenexMasTec MTZ
MasTec scores average on business quality (4.9 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What MasTec does
MasTec builds critical infrastructure, specializing in power transmission, clean energy, and communications. Utility providers and telecom operators pay for nationwide project execution. The company is leaning heavily into expanding renewable energy construction.
- What it does best
MasTec scales complex utility-scale projects with a revenue growth rate of 16.2%, ranking in the top quartile of its sector. This top-line expansion outpaces peer EME at 16.6% but lags FIX at 29.5%, driven by deep multi-decade utility relationships.
- The main risk
Cash collection timing threatens cash generation as free cash flow dropped to $245 million from $973 million previously. Working capital strains could force reliance on its $2.3 billion total debt load if collections continue to lag billings.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin rests at 5.1%, placing it in the 10th sector percentile with a net margin of 3.0%. Low profitability shows that heavy revenue scale does not translate into high margins.
The company holds a bottom-quartile gross margin of 12.9%, ranking in the 4th percentile of its sector. Low margins reflect intense contracting competition, limiting any wide economic moat.
Revenue climbed to $16.1 billion, growing at 16.2% and landing in the 86th sector percentile. This top-line momentum accelerates compared to past annual periods.
Total debt sits at $2.3 billion against $396 million in cash, leaving net debt at $1.9 billion. Free cash flow fell sharply to $245 million, showing softer cash conversion.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on MTZ
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
MasTec scores average on the Cluenex quality check (4.9 of 10), measured against its own industry. Profitability is weak, moat weak, growth fast and financial health fair.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 29, 2026, after the close.
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Cite this page: Cluenex, “MasTec (MTZ)”, https://cluenex.com/stocks/mtz/, data as of Oct 10, 2026.