MasTec vs Quanta Services
Quanta Services reported revenue of $28.5 billion in fiscal 2025, 2.0 times MasTec's $14.3 billion in fiscal 2025. MasTec's revenue grew 16.2% in its latest year, and Quanta Services' grew 20.3%. Free cash flow was $286 million at MasTec and $1.6 billion at Quanta Services.
Side by side
| MasTec | Quanta Services | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $14.3B | $28.5B |
| Revenue growth | 16.2% | 20.3% |
| Revenue growth a year, last 5 years | 17.7% | 20.5% |
| Gross margin | — | 15.0% |
| Operating margin | — | 5.7% |
| Net margin | 2.8% | 3.6% |
| Free cash flow | $286M | $1.6B |
| Free cash flow margin | 2.0% | 5.7% |
| Return on capital | 11.2% | 9.5% |
| Net debt to EBITDA | 1.7x | 2.2x |
| Dividends and buybacks | $77M | $195M |
| Change in diluted share count | −0.2% | 0.8% |
| Last close | $172.59 | $563.93 |
| P/E at the last close | 27.5× | 64.6× |
| Insider trades, last 12 months | sold $6.3 million | sold $137.5 million |
| Piotroski F-score | 7 of 8 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
MasTecQuanta Services
Operating margin
Percent of revenue
MasTecQuanta Services
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MasTecQuanta Services
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the MasTec and Quanta Services pages.