v3.26.1
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Total MasTec, Inc. Shareholders’ Equity
Common Stock
Treasury Stock
Capital Surplus
Retained Earnings
Accumulated Other Comprehensive Loss
Non-Controlling Interests
Beginning balance, common shares outstanding (in shares) at Dec. 31, 2024     99,029,011          
Beginning balance at Dec. 31, 2024 $ 2,987,343 $ 2,911,857 $ 9,903 $ (656,807) $ 1,291,027 $ 2,308,581 $ (40,847) $ 75,486
Beginning balance, treasury shares (in shares) at Dec. 31, 2024       (19,719,796)        
Condensed Unaudited Consolidated Statements of Equity                
Net income 102,461 95,669       95,669   6,792
Other comprehensive loss (195) 4,899         4,899 (5,094)
Non-cash stock-based compensation 16,314 16,314     16,314      
Issuance of restricted shares, net (in shares)     345,431          
Issuance of restricted shares, net 0 0 $ 34   (34)      
Shares withheld for taxes, net of other stock issuances (in shares)     (38,585)          
Shares withheld for taxes, net of other stock issuances $ (4,266) (4,266) $ (4)   (4,262)      
Acquisition of treasury stock, at cost (in shares) (702,533)     (702,533)        
Acquisition of treasury stock, at cost $ (77,326) (77,326)   $ (77,326)        
Distributions to non-controlling interests (9,966)             (9,966)
Ending balance, common shares outstanding (in shares) at Jun. 30, 2025     99,335,857          
Ending balance at Jun. 30, 2025 3,014,365 2,947,147 $ 9,933 $ (734,133) 1,303,045 2,404,250 (35,948) 67,218
Ending balance, treasury shares (in shares) at Jun. 30, 2025       (20,422,329)        
Beginning balance, common shares outstanding (in shares) at Mar. 31, 2025     99,325,262          
Beginning balance at Mar. 31, 2025 2,955,259 2,884,341 $ 9,932 $ (693,880) 1,293,708 2,318,484 (43,903) 70,918
Beginning balance, treasury shares (in shares) at Mar. 31, 2025       (20,052,361)        
Condensed Unaudited Consolidated Statements of Equity                
Net income 90,133 85,766       85,766   4,367
Other comprehensive loss 2,861 7,955         7,955 (5,094)
Non-cash stock-based compensation 9,371 9,371     9,371      
Issuance of restricted shares, net (in shares)     10,812          
Issuance of restricted shares, net 0 0 $ 1   (1)      
Shares withheld for taxes, net of other stock issuances (in shares)     (217)          
Shares withheld for taxes, net of other stock issuances $ (33) (33)     (33)      
Acquisition of treasury stock, at cost (in shares) (369,968)     (369,968)        
Acquisition of treasury stock, at cost $ (40,253) (40,253)   $ (40,253)        
Distributions to non-controlling interests (2,973)             (2,973)
Ending balance, common shares outstanding (in shares) at Jun. 30, 2025     99,335,857          
Ending balance at Jun. 30, 2025 $ 3,014,365 2,947,147 $ 9,933 $ (734,133) 1,303,045 2,404,250 (35,948) 67,218
Ending balance, treasury shares (in shares) at Jun. 30, 2025       (20,422,329)        
Beginning balance, common shares outstanding (in shares) at Dec. 31, 2025 99,319,916   99,319,916          
Beginning balance at Dec. 31, 2025 $ 3,334,521 3,259,309 $ 9,932 $ (734,133) 1,319,920 2,707,623 (44,033) 75,212
Beginning balance, treasury shares (in shares) at Dec. 31, 2025 (20,422,329)     (20,422,329)        
Condensed Unaudited Consolidated Statements of Equity                
Net income $ 215,401 190,957       190,957   24,444
Other comprehensive loss (1,920) (952)         (952) (968)
Non-cash stock-based compensation 19,750 19,750     19,750      
Issuance of restricted shares, net (in shares)     183,496          
Issuance of restricted shares, net 0 0 $ 19   (19)      
Shares withheld for taxes, net of other stock issuances (in shares)     (61,392)          
Shares withheld for taxes, net of other stock issuances (18,289) (18,289) $ (6)   (18,283)      
Issuance of shares in connection with acquisition (in shares)       (67,592)        
Issuance of shares in connection with acquisitions $ 26,193 26,193   $ 2,430 23,763      
Acquisition of treasury stock, at cost (in shares) 0              
Distributions to non-controlling interests $ (17,479)             (17,479)
Non-controlling interests assumed related to acquisitions $ 41,806             41,806
Ending balance, common shares outstanding (in shares) at Jun. 30, 2026 99,442,020   99,442,020          
Ending balance at Jun. 30, 2026 $ 3,599,983 3,476,968 $ 9,945 $ (731,703) 1,345,131 2,898,580 (44,985) 123,015
Ending balance, treasury shares (in shares) at Jun. 30, 2026 (20,354,737)     (20,354,737)        
Beginning balance, common shares outstanding (in shares) at Mar. 31, 2026     99,435,573          
Beginning balance at Mar. 31, 2026 $ 3,429,934 3,309,363 $ 9,944 $ (734,133) 1,309,904 2,768,463 (44,815) 120,571
Beginning balance, treasury shares (in shares) at Mar. 31, 2026       (20,422,329)        
Condensed Unaudited Consolidated Statements of Equity                
Net income 145,738 130,117       130,117   15,621
Other comprehensive loss (733) (170)         (170) (563)
Non-cash stock-based compensation 11,498 11,498     11,498      
Issuance of restricted shares, net (in shares)     6,526          
Issuance of restricted shares, net 0 0 $ 1   (1)      
Shares withheld for taxes, net of other stock issuances (in shares)     (79)          
Shares withheld for taxes, net of other stock issuances $ (33) (33)     (33)      
Issuance of shares in connection with acquisition (in shares) 67,592     (67,592)        
Issuance of shares in connection with acquisitions $ 26,193 26,193   $ 2,430 23,763      
Acquisition of treasury stock, at cost (in shares) 0              
Distributions to non-controlling interests $ (12,614)             (12,614)
Ending balance, common shares outstanding (in shares) at Jun. 30, 2026 99,442,020   99,442,020          
Ending balance at Jun. 30, 2026 $ 3,599,983 $ 3,476,968 $ 9,945 $ (731,703) $ 1,345,131 $ 2,898,580 $ (44,985) $ 123,015
Ending balance, treasury shares (in shares) at Jun. 30, 2026 (20,354,737)     (20,354,737)