MasTec Income Statement Research

MTZ Stock

USD 85.18 1.35 1.56%

Most accounts from MasTec's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into MasTec Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out MasTec Valuation and MasTec Correlation analysis.

At this time, MasTec's Depreciation And Amortization is fairly stable compared to the past year. Interest Expense is likely to rise to about 246.1 M in 2024, whereas Operating Income is likely to drop slightly above 147.9 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	1.2B	786.8M	826.2M
Total Revenue	8.0B	9.8B	12.0B	12.6B

Gross Profit Total Revenue

MasTec income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Minority Interest	Net Income From Continuing Ops	Non Operating Income Net Other	Discontinued Operations	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Selling And Marketing Expenses
Depreciation And Amortization		0.89	0.96	0.62	0.97	0.0	-0.01	0.76	0.96	0.83	-0.34	-0.87	-0.25	-0.52	0.96	-0.49	-0.25	0.45	0.27	-0.84	-0.18	0.48	-0.85	0.91	-0.72
Interest Expense	0.89		0.9	0.37	0.91	-0.14	-0.15	0.59	0.93	0.56	-0.49	-0.91	-0.4	-0.65	0.94	-0.38	-0.4	0.22	0.06	-0.67	-0.33	0.59	-0.97	0.76	-0.88
Total Revenue	0.96	0.9		0.7	1.0	0.15	0.14	0.83	1.0	0.82	-0.22	-0.86	-0.12	-0.43	0.97	-0.35	-0.16	0.34	0.37	-0.82	-0.11	0.48	-0.84	0.81	-0.7
Gross Profit	0.62	0.37	0.7		0.68	0.7	0.69	0.92	0.65	0.88	0.46	-0.45	0.52	0.22	0.55	-0.05	0.41	0.42	0.74	-0.79	0.48	0.07	-0.24	0.49	-0.06
Other Operating Expenses	0.97	0.91	1.0	0.68		0.1	0.09	0.8	1.0	0.82	-0.26	-0.87	-0.16	-0.47	0.98	-0.37	-0.2	0.33	0.34	-0.81	-0.15	0.5	-0.86	0.82	-0.72
Operating Income	0.0	-0.14	0.15	0.7	0.1		1.0	0.65	0.09	0.27	0.92	0.02	0.93	0.71	-0.07	0.26	0.82	0.26	0.62	-0.37	0.83	-0.44	0.28	-0.13	0.32
Ebit	-0.01	-0.15	0.14	0.69	0.09	1.0		0.64	0.08	0.26	0.93	0.04	0.94	0.7	-0.08	0.27	0.83	0.26	0.62	-0.36	0.82	-0.44	0.29	-0.15	0.34
Ebitda	0.76	0.59	0.83	0.92	0.8	0.65	0.64		0.79	0.8	0.35	-0.64	0.43	0.06	0.68	-0.2	0.35	0.51	0.61	-0.87	0.4	0.07	-0.46	0.59	-0.34
Cost Of Revenue	0.96	0.93	1.0	0.65	1.0	0.09	0.08	0.79		0.79	-0.28	-0.87	-0.18	-0.48	0.98	-0.37	-0.21	0.32	0.32	-0.8	-0.17	0.51	-0.87	0.81	-0.74
Total Operating Expenses	0.83	0.56	0.82	0.88	0.82	0.27	0.26	0.8	0.79		0.02	-0.6	0.09	-0.16	0.76	-0.25	0.02	0.44	0.58	-0.82	0.12	0.35	-0.47	0.76	-0.27
Income Before Tax	-0.34	-0.49	-0.22	0.46	-0.26	0.92	0.93	0.35	-0.28	0.02		0.39	0.98	0.85	-0.43	0.37	0.88	0.17	0.49	-0.08	0.84	-0.64	0.62	-0.41	0.61
Total Other Income Expense Net	-0.87	-0.91	-0.86	-0.45	-0.87	0.02	0.04	-0.64	-0.87	-0.6	0.39		0.32	0.49	-0.88	0.45	0.27	-0.27	-0.09	0.73	0.13	-0.6	0.91	-0.79	0.76
Net Income	-0.25	-0.4	-0.12	0.52	-0.16	0.93	0.94	0.43	-0.18	0.09	0.98	0.32		0.73	-0.34	0.34	0.92	0.28	0.5	-0.18	0.8	-0.61	0.52	-0.32	0.53
Income Tax Expense	-0.52	-0.65	-0.43	0.22	-0.47	0.71	0.7	0.06	-0.48	-0.16	0.85	0.49	0.73		-0.58	0.41	0.6	-0.14	0.36	0.21	0.77	-0.59	0.74	-0.55	0.68
Selling General Administrative	0.96	0.94	0.97	0.55	0.98	-0.07	-0.08	0.68	0.98	0.76	-0.43	-0.88	-0.34	-0.58		-0.4	-0.36	0.25	0.26	-0.75	-0.29	0.59	-0.91	0.83	-0.78
Minority Interest	-0.49	-0.38	-0.35	-0.05	-0.37	0.26	0.27	-0.2	-0.37	-0.25	0.37	0.45	0.34	0.41	-0.4		0.36	-0.3	0.23	0.23	0.5	-0.21	0.45	-0.55	0.44
Net Income From Continuing Ops	-0.25	-0.4	-0.16	0.41	-0.2	0.82	0.83	0.35	-0.21	0.02	0.88	0.27	0.92	0.6	-0.36	0.36		0.35	0.32	-0.21	0.78	-0.57	0.48	-0.28	0.49
Non Operating Income Net Other	0.45	0.22	0.34	0.42	0.33	0.26	0.26	0.51	0.32	0.44	0.17	-0.27	0.28	-0.14	0.25	-0.3	0.35		0.15	-0.61	0.29	-0.16	-0.17	0.51	-0.08
Discontinued Operations	0.27	0.06	0.37	0.74	0.34	0.62	0.62	0.61	0.32	0.58	0.49	-0.09	0.5	0.36	0.26	0.23	0.32	0.15		-0.38	0.46	-0.06	0.05	0.13	0.17
Non Recurring	-0.84	-0.67	-0.82	-0.79	-0.81	-0.37	-0.36	-0.87	-0.8	-0.82	-0.08	0.73	-0.18	0.21	-0.75	0.23	-0.21	-0.61	-0.38		-0.29	-0.23	0.59	-0.77	0.43
Tax Provision	-0.18	-0.33	-0.11	0.48	-0.15	0.83	0.82	0.4	-0.17	0.12	0.84	0.13	0.8	0.77	-0.29	0.5	0.78	0.29	0.46	-0.29		-0.48	0.45	-0.22	0.48
Interest Income	0.48	0.59	0.48	0.07	0.5	-0.44	-0.44	0.07	0.51	0.35	-0.64	-0.6	-0.61	-0.59	0.59	-0.21	-0.57	-0.16	-0.06	-0.23	-0.48		-0.68	0.62	-0.34
Net Interest Income	-0.85	-0.97	-0.84	-0.24	-0.86	0.28	0.29	-0.46	-0.87	-0.47	0.62	0.91	0.52	0.74	-0.91	0.45	0.48	-0.17	0.05	0.59	0.45	-0.68		-0.77	0.89
Reconciled Depreciation	0.91	0.76	0.81	0.49	0.82	-0.13	-0.15	0.59	0.81	0.76	-0.41	-0.79	-0.32	-0.55	0.83	-0.55	-0.28	0.51	0.13	-0.77	-0.22	0.62	-0.77		-0.51
Selling And Marketing Expenses	-0.72	-0.88	-0.7	-0.06	-0.72	0.32	0.34	-0.34	-0.74	-0.27	0.61	0.76	0.53	0.68	-0.78	0.44	0.49	-0.08	0.17	0.43	0.48	-0.34	0.89	-0.51

Click cells to compare fundamentals

MasTec Account Relationship Matchups

MasTec income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	77.0M	59.6M	53.4M	112.3M	234.4M	246.1M
Total Revenue	7.2B	6.3B	8.0B	9.8B	12.0B	12.6B
Gross Profit	1.1B	1.1B	1.1B	1.2B	786.8M	826.2M
Operating Income	591.3M	490.4M	483.5M	155.3M	152.0M	147.9M
Ebit	591.3M	490.4M	483.5M	155.3M	152.0M	139.0M
Ebitda	826.8M	788.1M	906.3M	662.5M	755.2M	792.9M
Cost Of Revenue	6.1B	5.3B	6.8B	8.6B	11.2B	11.8B
Income Before Tax	510.9M	425.2M	430.1M	43.1M	(82.7M)	(78.6M)
Net Income	392.3M	322.8M	328.8M	33.4M	(49.9M)	(47.5M)
Income Tax Expense	116.8M	102.5M	99.3M	9.2M	(35.4M)	(33.6M)
Minority Interest	1.8M	(149K)	(1.9M)	(534K)	(2.4M)	(2.2M)
Tax Provision	116.8M	102.5M	99.3M	9.2M	(25.0M)	(23.7M)
Interest Income	49.7M	29.9M	26.6M	83.4M	95.9M	52.7M
Net Interest Income	(77.0M)	(59.6M)	(53.4M)	(112.3M)	(224.6M)	(213.4M)

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When determining whether MasTec Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MasTec's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mastec Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mastec Inc Stock:

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When running MasTec's price analysis, check to measure MasTec's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MasTec is operating at the current time. Most of MasTec's value examination focuses on studying past and present price action to predict the probability of MasTec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MasTec's price. Additionally, you may evaluate how the addition of MasTec to your portfolios can decrease your overall portfolio volatility.

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Is MasTec's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MasTec. If investors know MasTec will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MasTec listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.88)

Earnings Share

(0.64)

Revenue Per Share

154.716

Quarterly Revenue Growth

0.09

Return On Assets

0.0102

The market value of MasTec Inc is measured differently than its book value, which is the value of MasTec that is recorded on the company's balance sheet. Investors also form their own opinion of MasTec's value that differs from its market value or its book value, called intrinsic value, which is MasTec's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MasTec's market value can be influenced by many factors that don't directly affect MasTec's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between MasTec's value and its price as these two are different measures arrived at by different means. Investors typically determine if MasTec is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MasTec's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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MasTec Income Statement Research

MasTec income statement Correlations

MasTec Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MasTec income statement Accounts

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COMMON DESTINATIONS

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COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income
Selling General Administrative	+ 0.98	Other Operating Expenses
Selling General Administrative	+ 0.98	Cost Of Revenue

Net Interest Income	- 0.97	Interest Expense
Net Interest Income	- 0.91	Selling General Administrative
Total Other Income Expense Net	- 0.91	Interest Expense
Selling General Administrative	- 0.88	Total Other Income Expense Net
Selling And Marketing Expenses	- 0.88	Interest Expense
Net Interest Income	- 0.87	Cost Of Revenue