
MasTec's Revenue Rises 3% to $12.3 Billion on Renewables and 5G Boom
MasTec IncDescription
What this story covers
MasTec Inc. reported 3% revenue growth to $12.3 billion in 2024, driven by organic gains in communications and clean energy segments amid infrastructure investments. Backlog reached $14.3 billion, signaling strong 2025 potential. Liquidity remains solid with $1.1 billion operating cash flow, despite acquisition integrations and risks from regulations and inflation. Focus on renewables and grid upgrades positions the company for energy transition opportunities.
Story snapshot
CompanyMasTec Inc
TickerMTZ
VariantStandard detailed
Duration15:08
Filing type10-K
PeriodAnnual 2024
IndustryReal Estate & Construction
Accession0000015615-25-000021
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