MasTec’s Clean Energy Playbook: How Solar & Storage Are Powering Robust Backlogs!

MasTec, Inc. delivered a robust financial performance in the third quarter of 2025, with substantial year-over-year revenue growth across several segments. Total revenue was slightly under $4 billion, marking a 22% increase compared to the prior year, while adjusted EBITDA improved by 20% to reach $374 million. This strong financial execution exceeded analyst expectations and was supported by a balance of scale and diversification across the company’s service offerings. The company not only exceeded its P&L guidance on revenue, EBITDA, and EPS metrics but also achieved record backlog levels of $16.8 billion, a $325 million increase from the second quarter, with notable growth in every segment. The Communications segment was a standout performer, demonstrating a 33% increase in revenue, along with a 38% rise in EBITDA. The segment benefitted from customers’ significant capital investments, particularly in broadband and advanced telecommunications infrastructures.