MasTec (MTZ) Revenue & Revenue Breakdown
MasTec Revenue Highlights
Latest Revenue (Y)
$12.00B
Latest Revenue (Q)
$2.96B
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 |
|---|---|---|
| 2024-06-30 | $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 $2.96B in revenue during Q2 2024, up 10.21% compared to the previous quarter, and up 114.56% 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 | 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 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other Operating Segment | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Clean Energy and Infrastructure | $942.30M | $753.50M | $514.70M | $518.40M | $481.50M | $350.40M | $345.50M | $468.90M | - | - | - | - | - | - | - | - | - | - | - | - |
| Power Delivery | $636.60M | $571.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Communications | $824.60M | $732.90M | $681.80M | $670.30M | $630.40M | $568.60M | $568.40M | $645.40M | $654.30M | $644.10M | $673.90M | $679.50M | - | - | - | - | - | - | - | - |
| Oil And Gas Segment | $572.40M | $633.80M | $802.20M | $672.30M | $341.80M | $256.50M | $291.70M | $375.80M | $341.20M | $211.00M | $335.20M | $858.40M | - | - | - | - | - | - | - | - |
| Other Segments | - | - | - | - | - | - | - | - | - | - | - | $400.00K | $100.00K | $100.00K | - | $100.00K | $100.00K | - | - | - |
| Power Delivery Segment | - | - | - | $665.00M | $702.60M | $709.40M | $688.40M | $646.50M | $650.50M | - | - | - | - | - | - | - | - | - | - | - |
| 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 | - | - | - | - | - | - | - | - | - | - | - |
| Electrical Transmission | - | - | - | - | - | - | - | - | - | - | - | $365.30M | $232.50M | $133.50M | $125.80M | $128.50M | $124.10M | $128.10M | $115.60M | $103.00M |
| Oil And Gas 1 | - | - | - | - | - | - | - | - | - | - | - | - | $621.40M | $725.50M | $599.70M | $462.50M | $368.50M | $359.10M | $586.70M | $972.50M |
| Clean Energy and Industrial | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $426.10M | - | - | - |
| Power Generation and Industrial | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $286.30M | $333.00M | $261.70M |
MasTec's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Clean Energy and Infrastructure (31.66%), Communications (27.71%), Power Delivery (21.39%), and Oil And Gas Segment (19.23%).
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 | 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 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-US | $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 | $64.10M |
| 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 | $2.00B |
MasTec's latest quarterly revenue breakdown by geography, as of Jun 24: Non-US (100.00%).
MasTec Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| PWR | Quanta Services | $20.88B | $5.59B |
| J | Jacobs Engineering Group | $16.35B | $4.27B |
| EME | EMCOR Group | $12.58B | $3.67B |
| MTZ | MasTec | $12.00B | $2.96B |
| APG | APi Group | $6.93B | $1.73B |
| PRIM | Primoris Services | $5.72B | $1.56B |
| FIX | Comfort Systems USA | $5.21B | $1.81B |
| BLD | TopBuild | $5.19B | $1.28B |
| DY | Dycom Industries | $4.18B | $1.20B |
| MYRG | MYR Group | $3.64B | $828.89M |
| GVA | Granite Construction | $3.51B | $1.08B |
| ROAD | Construction Partners | $1.56B | $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 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). The company'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). MTZ's quarterly revenue for Q4 2023 was $3.28B, a 0.71% increase from the previous quarter (Q3 2023), and a 9.03% increase year-over-year (Q4 2022).
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.