MasTec Inc (MTZ)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,627,480 | 786,810 | 1,191,700 | 1,146,050 | 1,050,100 |
| Revenue | US$ in thousands | 12,303,500 | 11,995,900 | 9,778,040 | 7,951,780 | 6,320,980 |
| Gross profit margin | 13.23% | 6.56% | 12.19% | 14.41% | 16.61% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,627,480K ÷ $12,303,500K
= 13.23%
MasTec Inc's gross profit margin has fluctuated over the years. In 2020, the gross profit margin was 16.61%, indicating that the company retained approximately 16.61% of its revenue after accounting for the cost of goods sold. However, in subsequent years, the margin decreased significantly, reaching its lowest point at 6.56% in 2023. This decline suggests that MasTec Inc may have experienced challenges in managing its production costs or pricing strategies during that period. The increase to 13.23% in 2024 indicates a partial recovery in profitability. Overall, the trend in MasTec Inc's gross profit margin highlights the importance of closely monitoring cost efficiencies and pricing strategies to sustain and enhance profitability.
Peer comparison
Dec 31, 2024