MasTec Inc (NYSE: MTZ) is a infrastructure construction and engineering services company that builds, installs, and maintains systems across energy, utility, and communications networks. It earns revenue by contracting with utilities, pipeline operators, wireless carriers, and government agencies to perform project-based construction work, typically under fixed-price, unit-price, or time-and-material contracts. MasTec operates through multiple segments covering electrical transmission and distribution, oil and gas pipelines, clean energy and infrastructure, and communications, with the clean energy and infrastructure segment representing a growing share of the business as of the FY2025 10-K filed February 26, 2026. The company is headquartered in Coral Gables, Florida and serves customers across North America. Work is transactional and project-driven rather than recurring subscription revenue, making backlog a primary indicator of near-term revenue visibility. Capital intensity is high given the equipment and labor required for large-scale field construction. Jorge Mas serves as Executive Chairman and José Mas serves as Chief Executive Officer.

Revenue model

Project-based construction contracts: fixed-price, unit-price, and time-and-material arrangements with utilities, pipeline operators, wireless carriers, and government agencies. Revenue is recognized as work is performed on individual projects.

Products and services

Electrical transmission and distribution construction; oil and gas pipeline construction and maintenance; clean energy infrastructure (wind, solar, hydrogen); communications network construction including wireless tower installation and fiber deployment.

Customers and end markets

Electric utilities, natural gas pipeline operators, wireless carriers, renewable energy developers, and government agencies. End markets include power grid infrastructure, oil and gas midstream, clean energy generation, and broadband/wireless communications.

Value-chain role

Engineering, procurement, and construction (EPC) contractor and specialty subcontractor for infrastructure owners. MasTec is a field-execution and project-delivery provider, not an asset owner or equipment manufacturer.

Geographic exposure

Primarily North America, with operations concentrated in the United States.

Source: SEC 10-K, filed 2026-02-26

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