Clean Energy & Infrastructure was Mastec’s largest segment in fiscal 2025, bringing in $4.70B of $14.35B (33%).
| Segment | FY 2009 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2014 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Clean Energy & Infrastructure | $2.62B | $3.96B | $4.09B | $4.70B | ||||||||||||||
| Oil & Gas | — | — | — | — | ||||||||||||||
| Communications | $3.23B | $2.37B | $2.52B | $3.34B | ||||||||||||||
| Power Delivery | $2.73B | $3.63B | $3.61B | $4.18B | ||||||||||||||
| Pipeline Infrastructure | $1.22B | $2.07B | $2.13B | $2.14B | ||||||||||||||
| Specialty Trade Contractor | — | — | — | — | ||||||||||||||
| Electrical Transmission | — | — | — | — | ||||||||||||||
| Power Generation & Industrial | — | — | — | — | ||||||||||||||
| Other | — | — | — | — | ||||||||||||||
| Other Segments | — | — | — | — | ||||||||||||||
| Total | $9.80B | $12.03B | $12.36B | $14.35B |
Mastec brought in $14.35B from its four segments in fiscal 2025, the year ended December 31, 2025. That was up 16.1% from $12.36B in fiscal 2024. Clean Energy & Infrastructure was the largest at $4.70B (32.7%), ahead of Power Delivery at $4.18B (29.1%) and Communications at $3.34B (23.3%). The remaining segment, Pipeline Infrastructure, brought in $2.14B.
Compared with fiscal 2024, Communications grew fastest, up 32.3% to $3.34B. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew from $9.80B to $14.35B, a compound annual growth rate of 13.6%. Clean Energy & Infrastructure's share of the total rose from 26.7% to 32.7%.
Guarantor Subsidiaries was Mastec’s largest revenue line in fiscal 2014, bringing in $3.77B of $4.62B (82%).
| Legal Entity | FY 2011 | FY 2012 | FY 2013 | FY 2014 |
|---|---|---|---|---|
| Guarantor Subsidiaries | $2.74B | $3.56B | $3.90B | $3.77B |
| Non-Guarantor Subsidiaries | $91.60M | $166.60M | $425.60M | $847.70M |
| Total | $2.83B | $3.73B | $4.33B | $4.62B |
Mastec brought in $4.62B from its two revenue lines in fiscal 2014, the year ended December 31, 2014. That was up 6.6% from $4.33B in fiscal 2013. Guarantor Subsidiaries was the largest at $3.77B (81.6%), ahead of Non-Guarantor Subsidiaries at $847.70M (18.4%).
Compared with fiscal 2013, Non-Guarantor Subsidiaries grew 99.2% to $847.70M, while Guarantor Subsidiaries fell 3.5% to $3.77B. From fiscal 2011 to 2014, combined revenue from these revenue lines grew from $2.83B to $4.62B, a compound annual growth rate of 17.7%. Guarantor Subsidiaries' share of the total fell from 96.8% to 81.6%.
Communications was Mastec’s largest segment in fiscal 2009, bringing in $950.60M of $1.62B (59%).
| Statement, Business Segments | FY 2009 |
|---|---|
| Communications | $950.60M |
| Utilities | $596.00M |
| Government | $76.90M |
| Total | $1.62B |
Mastec brought in $1.62B from its three segments in fiscal 2009, the year ended December 31, 2009. Communications was the largest at $950.60M (58.6%), ahead of Utilities at $596.00M (36.7%) and Government at $76.90M (4.7%).
Mastec (MTZ) reports its revenue by segment, by legal entity and by statement, business segments. In fiscal 2025, Clean Energy & Infrastructure was its largest segment, bringing in $4.70B (32.7% of the total), followed by Power Delivery at $4.18B (29.1%).
Clean Energy & Infrastructure was Mastec's largest segment in fiscal 2025, bringing in $4.70B, or 32.7% of the $14.35B total across its four segments.
Guarantor Subsidiaries was Mastec's largest revenue line in fiscal 2014, bringing in $3.77B, or 81.6% of the $4.62B total across its two revenue lines.
Among Mastec's segments that make up at least 2% of revenue, Communications grew fastest in fiscal 2025, up 32.3% from $2.52B to $3.34B.
Every figure comes from Mastec's annual financial filings, as reported. Each line keeps the name Mastec gives it, and years follow its fiscal calendar.
Mastec's revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.