Description
Why MasTec’s $4.5 Billion Backlog Matters More Than The Quarter
MasTec, Inc. reported strong financial results for the fourth quarter and full year 2025, posting a 16% year-over-year revenue increase to nearly $4 billion for the quarter and $14.3 billion for the year. This growth was aligned with the company’s guidance, reflecting robust execution across all segments. Adjusted EBITDA for the quarter rose 25% to $338 million, and full-year EBITDA increased by 14% to $1.15 billion. The adjusted earnings per share surged 44% to $2.07. A significant backlog growth of over $4.5 billion for the year, a 33% increase, underscores the company’s strong future prospects, though the Pipeline segment experienced a slight sequential backlog drop. Expectations are set for double-digit growth in the Pipeline segment by 2026, with a continued backlog expansion in non-pipeline segments, indicating long-term growth potential.
