v3.26.3
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Revenue $ 5,152,336 $ 3,966,948 $ 13,354,691 $ 10,359,371
Costs of revenue, excluding depreciation and amortization 4,491,474 3,429,199 11,659,641 9,074,981
Depreciation 93,773 71,837 263,150 217,996
Amortization of intangible assets 75,282 32,719 151,411 98,042
General and administrative expenses 228,545 183,580 649,222 524,448
Equity in earnings of integral unconsolidated affiliates, net (12,186) 0 (12,186) 0
Operating income 275,448 249,613 643,453 443,904
Interest expense, net 61,798 45,444 152,425 128,337
Equity in earnings of unconsolidated affiliates, net (8,040) (6,555) (14,740) (23,911)
Loss on extinguishment of debt (3,219) 0 (3,219) 0
Other income, net (1,687) (898) (2,794) (1,881)
Income before income taxes 220,158 211,622 505,343 341,359
Provision for income taxes (52,439) (45,125) (122,222) (72,401)
Net income 167,719 166,497 383,121 268,958
Net income attributable to non-controlling interests 17,153 5,837 41,598 12,629
Net income attributable to MasTec, Inc. $ 150,566 $ 160,660 $ 341,523 $ 256,329
Earnings per share (Note 2):        
Basic earnings per share (in dollars per share) $ 1.90 $ 2.07 $ 4.36 $ 3.29
Basic weighted average common shares outstanding (in shares) 79,077 77,702 78,372 77,857
Diluted earnings per share (in dollars per share) $ 1.89 $ 2.04 $ 4.32 $ 3.26
Diluted weighted average common shares outstanding (in shares) 79,820 78,648 79,143 78,672