Q1 25 EPS
$0.51
BEAT +51.20%
Est. $0.34
Q1 25 Revenue
$2.85B
BEAT +4.99%
Est. $2.71B
vs S&P Since Q1 25
+173.1%
BEATING MARKET
MTZ +200.3% vs S&P +27.2%
Market Reaction
Did MTZ Beat Earnings? Q1 2025 Results
MasTec posted a notably strong first quarter for 2025, with adjusted diluted EPS of $0.51 clearing the $0.34 consensus estimate by 51.20% and revenue of $2.85 billion beating expectations by 4.99% while advancing 6.0% year over year. The headline num… Read more MasTec posted a notably strong first quarter for 2025, with adjusted diluted EPS of $0.51 clearing the $0.34 consensus estimate by 51.20% and revenue of $2.85 billion beating expectations by 4.99% while advancing 6.0% year over year. The headline numbers were underpinned by a record 18-month backlog of $15.88 billion, up 24% year over year, which underscored robust demand across the company's diversified infrastructure platform despite a 44% decline in Pipeline Infrastructure revenue following the completion of a large midstream project late last year. Non-pipeline segments collectively drove 21% combined growth, with Clean Energy and Infrastructure standing out through 350 basis points of EBITDA margin expansion to 6.2%. GAAP net income swung to $12.30 million from a loss of $34.50 million in the prior-year period, aided by lower depreciation, reduced interest costs, and a favorable tax rate. Management lifted full-year 2025 guidance to approximately $13.65 billion in revenue and adjusted diluted EPS of $5.90 to $6.25, roughly a 9% increase from the prior midpoint.
Key Takeaways
- • 21% combined revenue growth from non-pipeline segments (Communications, Clean Energy and Infrastructure, Power Delivery)
- • Record 18-month backlog of $15.9 billion, up 24% year-over-year and 11% sequentially
- • Pipeline Infrastructure backlog more than doubled since year-end to $1.534 billion
- • Clean Energy and Infrastructure EBITDA margin expanded 350 bps driven by project mix benefits, improved productivity and higher volume
- • Communications EBITDA margin expanded 180 bps on improved wireless and wireline efficiencies
- • Lower depreciation expense, lower interest expense and lower tax rate contributed to improved EPS
- • Volume gains and increased project productivity within Clean Energy and Infrastructure drove Adjusted EBITDA growth
MTZ YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
MTZ Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are pleased to report another strong quarter of financial performance, with key metrics showing strong year-over-year growth and also exceeding guidance. While mid-single digit growth in revenue and Adjusted EBITDA were both solid and EPS easily exceeded guidance, we are particularly encouraged by ongoing backlog development to record consolidated levels, including a more than doubling of backlog for the Pipeline Infrastructure segment since year-end.”
— Jose Mas, Q1 2025 Earnings Press Release
MTZ Earnings Trends
MTZ vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MTZ EPS Trend
Earnings per share: estimate vs actual
MTZ Revenue Trend
Quarterly revenue: estimate vs actual
MTZ Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.39 | — | $3.83B | +10.21% |
| Q4 25 BEAT FY | $1.95 | $2.07 | +6.15% | $3.94B | +5.98% |
| FY Full Year | $6.42 | $6.55 | +1.99% | $14.30B | +1.58% |
| Q3 25 BEAT | $2.30 | $2.48 | +7.74% | $3.97B | +1.46% |
| Q2 25 BEAT | $1.40 | $1.49 | +6.41% | $3.54B | +4.18% |
| Q1 25 BEAT | $0.34 | $0.51 | +51.20% | $2.85B | +4.99% |