Clean Energy & Infrastructure was Mastec’s largest segment in fiscal 2025, bringing in $4.70B of $14.30B (33%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | 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 | — | — | — | — | |||||||||||||
| All Other Segments | — | — | — | — | |||||||||||||
| Consolidation Eliminations | — | — | — | — | |||||||||||||
| Consolidation, Eliminations | — | — | — | — | |||||||||||||
| Eliminations | -$19.10M | -$30.40M | -$59.10M | -$53.40M | |||||||||||||
| Intersegment Elimination | — | — | — | — | |||||||||||||
| Intersegment Eliminations | — | — | — | — | |||||||||||||
| Total | $9.78B | $12.00B | $12.30B | $14.30B |
Mastec brought in $14.30B from its five segments in fiscal 2025, the year ended December 31, 2025. That was up 16.2% from $12.30B in fiscal 2024. Clean Energy & Infrastructure was the largest at $4.70B (32.9%), ahead of Power Delivery at $4.18B (29.2%) and Communications at $3.34B (23.4%). 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 $9.78B to $14.30B, a compound annual growth rate of 13.5%. Clean Energy & Infrastructure's share of the total rose from 26.8% to 32.9%.
The total is net of Eliminations, which took $53.40M off revenue in fiscal 2025.
Guarantor Subsidiaries was Mastec’s largest revenue line in fiscal 2017, bringing in $6.22B of $6.68B (93%).
| Consolidated Entities | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|
| Guarantor Subsidiaries | $3.53B | $4.79B | $6.22B |
| Non-Guarantor Subsidiaries | $689.70M | $353.80M | $457.00M |
| Total | $4.22B | $5.14B | $6.68B |
Mastec brought in $6.68B from its two revenue lines in fiscal 2017, the year ended December 31, 2017. That was up 29.8% from $5.14B in fiscal 2016. Guarantor Subsidiaries was the largest at $6.22B (93.2%), ahead of Non-Guarantor Subsidiaries at $457.00M (6.8%).
Compared with fiscal 2016, Guarantor Subsidiaries grew 29.9% to $6.22B and Non-Guarantor Subsidiaries grew 29.2% to $457.00M. From fiscal 2015 to 2017, combined revenue from these revenue lines grew from $4.22B to $6.68B, a compound annual growth rate of 25.9%. Guarantor Subsidiaries' share of the total rose from 83.6% to 93.2%.
Communications was Mastec’s largest revenue line in fiscal 2009, bringing in $950.60M of $1.62B (59%).
| Industry Type | FY 2009 |
|---|---|
| Communications | $950.60M |
| Utilities | $596.00M |
| Government | $76.90M |
| Total | $1.62B |
Mastec brought in $1.62B from its three revenue lines 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 consolidated entities and by industry type. In fiscal 2025, Clean Energy & Infrastructure was its largest segment, bringing in $4.70B (32.9% of the total), followed by Power Delivery at $4.18B (29.2%).
Clean Energy & Infrastructure was Mastec's largest segment in fiscal 2025, bringing in $4.70B, or 32.9% of the $14.30B total across its five segments.
Guarantor Subsidiaries was Mastec's largest revenue line in fiscal 2017, bringing in $6.22B, or 93.2% of the $6.68B 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.