MasTec Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of MasTec Inc (MTZ). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Clean Energy and Infrastructure | $1.53B 24.1% | $1.87B 23.4% · +22.1% | $2.62B 26.7% · +40.4% | $3.96B 32.9% · +51.3% | $4.09B 33.1% · +3.3% | $4.70B 32.7% · +14.8% |
| Power Delivery | $506.5M 8.0% | $1.02B 12.8% · +100.8% | $2.73B 27.8% · +168.0% | $3.63B 30.1% · +33.0% | $3.61B 29.2% · -0.3% | $4.18B 29.1% · +15.6% |
| Communications | $2.51B 39.6% | $2.55B 32.0% · +1.5% | $3.23B 33.0% · +26.8% | $2.37B 19.7% · -26.8% | $2.52B 20.4% · +6.7% | $3.34B 23.3% · +32.3% |
| Pipeline Infrastructure | – | – | $1.22B 12.4% | $2.07B 17.2% · +70.0% | $2.13B 17.3% · +2.9% | $2.14B 14.9% · +0.2% |
| Other | $600.0K 0.0% | $0 0.0% · -100.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% |
| Oil and Gas | $1.79B 28.2% | $2.54B 31.9% · +41.9% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| United States | $6.20B 97.9% | $7.80B 97.9% · +25.8% | $9.60B 98.5% · +23.1% | $11.90B 99.2% · +24.0% |
| Foreign Operations | $133.1M 2.1% | $165.2M 2.1% · +24.1% | $149.9M 1.5% · -9.3% | $95.1M 0.8% · -36.6% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.