MasTec (MTZ) Revenue & Revenue Breakdown

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MasTec Revenue Highlights

Latest Revenue (Y)

$12.00B

Latest Revenue (Q)

$3.25B

Main Segment (Y)

Clean Energy and Infrastructure

Main Geography (Y)

UNITED STATES

MasTec Revenue by Period

MasTec Revenue by Year

Date	Revenue	Change
2023-12-31	$12.00B	22.68%
2022-12-31	$9.78B	22.97%
2021-12-31	$7.95B	25.80%
2020-12-31	$6.32B	-12.00%
2019-12-31	$7.18B	3.96%
2018-12-31	$6.91B	4.58%
2017-12-31	$6.61B	28.67%
2016-12-31	$5.13B	22.01%
2015-12-31	$4.21B	-8.81%
2014-12-31	$4.61B	6.71%
2013-12-31	$4.32B	16.05%
2012-12-31	$3.73B	23.86%
2011-12-31	$3.01B	30.37%
2010-12-31	$2.31B	42.16%
2009-12-31	$1.62B	17.76%
2008-12-31	$1.38B	32.85%
2007-12-31	$1.04B	9.72%
2006-12-31	$945.81M	11.53%
2005-12-31	$848.05M	-7.20%
2004-12-31	$913.79M	5.00%
2003-12-31	$870.25M	3.84%
2002-12-31	$838.05M	-31.45%
2001-12-31	$1.22B	-8.10%
2000-12-31	$1.33B	25.62%
1999-12-31	$1.06B	0.96%
1998-12-31	$1.05B	49.12%
1997-12-31	$703.40M	48.77%
1996-12-31	$472.80M	170.79%
1995-12-31	$174.60M	23.65%
1994-12-31	$141.20M	215.88%
1993-12-31	$44.70M	-

MasTec generated $12.00B in revenue during NA 2023, up 22.68% compared to the previous quarter, and up 173.62% compared to the same period a year ago.

MasTec Revenue by Quarter

Date	Revenue	Change
2024-09-30	$3.25B	9.84%
2024-06-30	$2.96B	10.21%
2024-03-31	$2.69B	-18.09%
2023-12-31	$3.28B	0.71%
2023-09-30	$3.26B	13.32%
2023-06-30	$2.87B	11.20%
2023-03-31	$2.58B	-14.08%
2022-12-31	$3.01B	19.69%
2022-09-30	$2.51B	9.20%
2022-06-30	$2.30B	17.77%
2022-03-31	$1.95B	8.02%
2021-12-31	$1.81B	-24.75%
2021-09-30	$2.40B	22.50%
2021-06-30	$1.96B	10.55%
2021-03-31	$1.78B	8.47%
2020-12-31	$1.64B	-3.62%
2020-09-30	$1.70B	8.22%
2020-06-30	$1.57B	10.78%
2020-03-31	$1.42B	-17.12%
2019-12-31	$1.71B	-15.24%
2019-09-30	$2.02B	4.00%
2019-06-30	$1.94B	27.71%
2019-03-31	$1.52B	-20.82%
2018-12-31	$1.92B	-3.02%
2018-09-30	$1.98B	22.22%
2018-06-30	$1.62B	15.82%
2018-03-31	$1.40B	-12.85%
2017-12-31	$1.60B	-18.04%
2017-09-30	$1.96B	3.47%
2017-06-30	$1.89B	63.20%
2017-03-31	$1.16B	-13.69%
2016-12-31	$1.34B	-15.40%
2016-09-30	$1.59B	28.71%
2016-06-30	$1.23B	26.50%
2016-03-31	$974.23M	-5.18%
2015-12-31	$1.03B	-7.52%
2015-09-30	$1.11B	4.16%
2015-06-30	$1.07B	6.32%
2015-03-31	$1.00B	-18.67%
2014-12-31	$1.23B	-5.80%
2014-09-30	$1.31B	18.56%
2014-06-30	$1.10B	14.58%
2014-03-31	$964.03M	-16.83%
2013-12-31	$1.16B	-8.69%
2013-09-30	$1.27B	29.84%
2013-06-30	$977.62M	6.42%
2013-03-31	$918.65M	-1.47%
2012-12-31	$932.36M	-12.64%
2012-09-30	$1.07B	7.56%
2012-06-30	$992.24M	27.46%
2012-03-31	$778.48M	0.55%
2011-12-31	$774.23M	-10.53%
2011-09-30	$865.31M	15.23%
2011-06-30	$750.94M	21.41%
2011-03-31	$618.49M	-15.36%
2010-12-31	$730.74M	15.63%
2010-09-30	$631.95M	27.64%
2010-06-30	$495.11M	9.97%
2010-03-31	$450.23M	-9.28%
2009-12-31	$496.28M	24.93%
2009-09-30	$397.25M	2.42%
2009-06-30	$387.85M	13.37%
2009-03-31	$342.12M	-17.34%
2008-12-31	$413.88M	4.06%
2008-09-30	$397.75M	30.40%
2008-06-30	$305.03M	16.43%
2008-03-31	$261.99M	-4.25%
2007-12-31	$273.63M	-

MasTec generated $3.25B in revenue during Q3 2024, up 9.84% compared to the previous quarter, and up 113.16% compared to the same period a year ago.

MasTec Revenue Breakdown

MasTec Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Other Segments	-	-	-	$600.00K	$200.00K
Clean Energy and Infrastructure	$3.96B	$2.62B	$1.86B	$1.53B	-
Communications	$3.26B	$3.23B	$2.55B	$2.51B	$2.62B
Oil And Gas Segment	$2.07B	$1.22B	$2.54B	-	-
Power Delivery	$2.74B	$2.73B	$1.02B	-	-
Electrical Transmission	-	-	-	$506.50M	$413.90M
Oil And Gas 1	-	-	-	$1.79B	$3.12B
Power Generation and Industrial	-	-	-	-	$1.03B

MasTec's latest annual revenue breakdown by segment (product or service), as of Dec 23: Clean Energy and Infrastructure (32.94%), Communications (27.10%), Power Delivery (22.74%), and Oil And Gas Segment (17.23%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Oil And Gas Segment	$497.80M	$572.40M	$633.80M	$802.20M	$672.30M	$341.80M	$256.50M	$291.70M	$375.80M	$341.20M	$211.00M	$335.20M	$858.40M	-	-	-	-	-	-	-
Power Delivery	$712.50M	$636.60M	$571.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Communications	$927.20M	$824.60M	$732.90M	$681.80M	$670.30M	$630.40M	$568.60M	$568.40M	$645.40M	$654.30M	$644.10M	$673.90M	-	-	-	-	-	-	-	-
Clean Energy and Infrastructure	$1.14B	$942.30M	$753.50M	$514.70M	$518.40M	$481.50M	$350.40M	$345.50M	$468.90M	-	-	-	-	-	-	-	-	-	-	-
Other Operating Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Segments	-	-	-	-	-	-	-	-	-	-	-	-	$400.00K	$100.00K	$100.00K	-	$100.00K	-	-	-
Communications Segment	-	-	-	-	$824.40M	$868.70M	$806.60M	$888.90M	$822.00M	$664.20M	-	-	-	-	-	-	-	-	-	-
Clean Energy and Infrastructure Segment	-	-	-	-	$1.10B	$969.70M	$824.90M	$563.20M	$494.50M	$435.90M	-	-	-	-	-	-	-	-	-	-
Power Delivery Segment	-	-	-	-	$665.00M	$702.60M	$709.40M	$688.40M	$646.50M	$650.50M	-	-	-	-	-	-	-	-	-	-
Electrical Transmission	-	-	-	-	-	-	-	-	-	-	-	-	$365.30M	$232.50M	$133.50M	$125.80M	$128.50M	$124.10M	$128.10M	$115.60M
Oil And Gas 1	-	-	-	-	-	-	-	-	-	-	-	-	-	$621.40M	$725.50M	$599.70M	$462.50M	$368.50M	$359.10M	$586.70M
Clean Energy and Industrial	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$426.10M	-	-
Power Generation and Industrial	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$286.30M	$333.00M

MasTec's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Clean Energy and Infrastructure (34.75%), Communications (28.30%), Power Delivery (21.75%), and Oil And Gas Segment (15.20%).

MasTec Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Non-US	$95.10M	$149.90M	$165.20M	$133.10M	$233.50M
UNITED STATES	$11.90B	$9.60B	$7.80B	$6.20B	$6.90B

MasTec's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (99.21%), and Non-US (0.79%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Non-US	$20.00M	$24.20M	$26.70M	$26.70M	$18.80M	$22.10M	$27.50M	$24.70M	$49.40M	$51.30M	$24.50M	$44.50M	$40.80M	$33.40M	$46.40M	$55.30M	$18.20M	$14.00M	$45.70M	$42.50M
UNITED STATES	-	-	$2.70B	$3.20B	$3.20B	$2.90B	$2.60B	$3.00B	$2.50B	$2.30B	$1.90B	$1.80B	$2.40B	$1.90B	$1.70B	$1.60B	$1.70B	$1.60B	$1.40B	$1.60B

MasTec's latest quarterly revenue breakdown by geography, as of Sep 24: Non-US (100.00%).

MasTec Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
PWR	Quanta Services	$20.88B	$6.49B
EME	EMCOR Group	$12.58B	$3.70B
MTZ	MasTec	$12.00B	$3.25B
J	Jacobs Engineering Group	$11.50B	$4.27B
APG	APi Group	$6.93B	$1.83B
PRIM	Primoris Services	$5.72B	$1.65B
FIX	Comfort Systems USA	$5.21B	$1.81B
BLD	TopBuild	$5.19B	$1.28B
DY	Dycom Industries	$4.18B	$1.01B
MYRG	MYR Group	$3.64B	$888.04M
GVA	Granite Construction	$3.51B	$1.28B
ROAD	Construction Partners	$1.82B	$517.79M

MTZ Revenue FAQ

What is MasTec’s yearly revenue?

MasTec's yearly revenue for 2023 was $12B, representing an increase of 22.68% compared to 2022. The company's yearly revenue for 2022 was $9.78B, representing an increase of 22.97% compared to 2021. MTZ's yearly revenue for 2021 was $7.95B, representing an increase of 25.80% compared to 2020.

What is MasTec’s quarterly revenue?

MasTec's quarterly revenue for Q3 2024 was $3.25B, a 9.84% increase from the previous quarter (Q2 2024), and a -0.14% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $2.96B, a 10.21% increase from the previous quarter (Q1 2024), and a 3.03% increase year-over-year (Q2 2023). MTZ's quarterly revenue for Q1 2024 was $2.69B, a -18.09% decrease from the previous quarter (Q4 2023), and a 3.95% increase year-over-year (Q1 2023).

What is MasTec’s revenue growth rate?

MasTec's revenue growth rate for the last 3 years (2021-2023) was 50.86%, and for the last 5 years (2019-2023) was 67.00%.

What are MasTec’s revenue streams?

MasTec's revenue streams in c 23 are Clean Energy and Infrastructure, Communications, Oil And Gas Segment, and Power Delivery. Clean Energy and Infrastructure generated $3.96B in revenue, accounting 32.94% of the company's total revenue, up 51.30% year-over-year. Communications generated $3.26B in revenue, accounting 27.10% of the company's total revenue, up 0.80% year-over-year. Oil And Gas Segment generated $2.07B in revenue, accounting 17.23% of the company's total revenue, up 69.96% year-over-year. Power Delivery generated $2.74B in revenue, accounting 22.74% of the company's total revenue, up 0.36% year-over-year.

What is MasTec’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of MasTec was Clean Energy and Infrastructure. This segment made a revenue of $3.96B, representing 32.94% of the company's total revenue.