v3.26.3
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 268,958 256,329       256,329   12,629
Other comprehensive income (loss) (2,776) 210         210 (2,986)
Non-cash stock-based compensation 25,628 25,628     25,628      
Issuance of restricted shares, net (in shares)     336,872          
Issuance of restricted shares, net 0 0 $ 33   (33)      
Shares withheld for taxes, net of other stock issuances (in shares)     (38,778)          
Shares withheld for taxes, net of other stock issuances $ (4,301) (4,301) $ (4)   (4,297)      
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, net (18,193) 0           (18,193)
Ending balance, common shares outstanding (in shares) at Sep. 30, 2025     99,327,105          
Ending balance at Sep. 30, 2025 3,179,333 3,112,397 $ 9,932 $ (734,133) 1,312,325 2,564,910 (40,637) 66,936
Ending balance, treasury shares (in shares) at Sep. 30, 2025       (20,422,329)        
Beginning balance, common shares outstanding (in shares) at Jun. 30, 2025     99,335,857          
Beginning 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
Beginning balance, treasury shares (in shares) at Jun. 30, 2025       (20,422,329)        
Condensed Unaudited Consolidated Statements of Equity                
Net income 166,497 160,660       160,660   5,837
Other comprehensive income (loss) (2,581) (4,689)         (4,689) 2,108
Non-cash stock-based compensation 9,314 9,314     9,314      
Forfeiture of restricted shares, net (in shares)     (8,559)          
Forfeiture of restricted shares, net 0 0 $ (1)   1      
Shares withheld for taxes, net of other stock issuances (in shares)     (193)          
Shares withheld for taxes, net of other stock issuances (35) (35)     (35)      
Distributions to non-controlling interests, net (8,227) 0           (8,227)
Ending balance, common shares outstanding (in shares) at Sep. 30, 2025     99,327,105          
Ending balance at Sep. 30, 2025 $ 3,179,333 3,112,397 $ 9,932 $ (734,133) 1,312,325 2,564,910 (40,637) 66,936
Ending balance, treasury shares (in shares) at Sep. 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 $ 383,121 341,523       341,523   41,598
Other comprehensive income (loss) 916 1,953         1,953 (1,037)
Non-cash stock-based compensation 31,046 31,046     31,046      
Issuance of restricted shares, net (in shares)     178,091          
Issuance of restricted shares, net 0 0 $ 18   (18)      
Shares withheld for taxes, net of other stock issuances (in shares)     (61,508)          
Shares withheld for taxes, net of other stock issuances (18,326) (18,326) $ (6)   (18,320)      
Issuance of shares in connection with acquisition (in shares)       (1,287,090)        
Issuance of shares in connection with acquisitions $ 436,689 436,689   $ 46,268 390,421      
Acquisition of treasury stock, at cost (in shares) 0              
Distributions to non-controlling interests, net $ (31,103) 0           (31,103)
Non-controlling interests assumed related to acquisitions $ 62,501 0           62,501
Ending balance, common shares outstanding (in shares) at Sep. 30, 2026 99,436,499   99,436,499          
Ending balance at Sep. 30, 2026 $ 4,199,365 4,052,194 $ 9,944 $ (687,865) 1,723,049 3,049,146 (42,080) 147,171
Ending balance, treasury shares (in shares) at Sep. 30, 2026 (19,135,239)     (19,135,239)        
Beginning balance, common shares outstanding (in shares) at Jun. 30, 2026     99,442,020          
Beginning 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
Beginning balance, treasury shares (in shares) at Jun. 30, 2026       (20,354,737)        
Condensed Unaudited Consolidated Statements of Equity                
Net income 167,719 150,566       150,566   17,153
Other comprehensive income (loss) 2,835 2,905         2,905 (70)
Non-cash stock-based compensation 11,297 11,297     11,297      
Forfeiture of restricted shares, net (in shares)     (5,405)          
Forfeiture of restricted shares, net 0 0 $ (1)   1      
Shares withheld for taxes, net of other stock issuances (in shares)     (116)          
Shares withheld for taxes, net of other stock issuances (37) (37)     (37)      
Issuance of shares in connection with acquisition (in shares)       (1,219,498)        
Issuance of shares in connection with acquisitions $ 410,495 410,495   $ 43,838 366,657      
Acquisition of treasury stock, at cost (in shares) 0              
Distributions to non-controlling interests, net $ (13,625) 0           (13,625)
Non-controlling interests assumed related to acquisitions $ 20,698 0           20,698
Ending balance, common shares outstanding (in shares) at Sep. 30, 2026 99,436,499   99,436,499          
Ending balance at Sep. 30, 2026 $ 4,199,365 $ 4,052,194 $ 9,944 $ (687,865) $ 1,723,049 $ 3,049,146 $ (42,080) $ 147,171
Ending balance, treasury shares (in shares) at Sep. 30, 2026 (19,135,239)     (19,135,239)