MasTec, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.30B | $12.30B | $12.00B | $9.78B | $7.95B | $6.32B | $7.18B | $6.91B |
| Cost of Revenue | $12.51B | $10.68B | $10.61B | $8.59B | $6.81B | $5.27B | $6.07B | $5.94B |
| Gross Profit | $1.79B | $1.63B | $1.38B | $1.19B | $1.15B | $1.05B | $1.11B | $970.1M |
| Gross Margin | 12.5% | 13.2% | 11.5% | 12.2% | 14.4% | 16.6% | 15.5% | 14.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $713.0M | $684.5M | $698.9M | $559.4M | $307.0M | $303.0M | $286.4M | $287.3M |
| Operating Income | $515.4M | $251.0M | $-82.7M | $43.1M | $430.1M | $425.2M | $510.9M | $365.3M |
| Operating Margin | 3.6% | 2.0% | -0.7% | 0.4% | 5.4% | 6.7% | 7.1% | 5.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $515.4M | $251.0M | $-82.7M | $43.1M | $430.1M | $425.2M | $510.9M | $365.3M |
| Income Tax Expense | $93.4M | $51.5M | $-35.4M | $9.2M | $99.3M | $102.5M | $116.8M | $106.1M |
| Net Income | $399.0M | $162.8M | $-49.9M | $33.4M | $328.8M | $322.8M | $392.3M | $259.7M |
| Net Margin | 2.8% | 1.3% | -0.4% | 0.3% | 4.1% | 5.1% | 5.5% | 3.8% |
| EPS (Basic) | $5.12 | $2.09 | $-0.64 | $0.45 | $4.54 | $4.43 | $5.22 | $3.30 |
| EPS (Diluted) | $5.07 | $2.06 | $-0.64 | $0.42 | $4.45 | $4.38 | $5.17 | $3.26 |
| Shares Outstanding (Basic) | 77.9M | 78.0M | 77.5M | 74.9M | 72.5M | 72.8M | 75.2M | 78.7M |
| Shares Outstanding (Diluted) | 78.7M | 78.9M | 77.5M | 76.2M | 73.9M | 73.7M | 75.8M | 79.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |