MasTec Inc (MTZ)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,350,598 | 1,130,412 | 1,067,218 | 1,171,666 | 1,230,780 | 1,385,749 | 1,311,439 | 1,195,785 | 1,191,704 | 1,070,472 | 1,091,819 | 1,105,564 | 1,146,045 | 1,210,548 | 1,181,309 | 1,121,355 | 1,050,097 | 1,010,522 | 1,018,825 | 1,096,959 |
| Revenue (ttm) | US$ in thousands | 12,303,470 | 12,180,450 | 12,185,100 | 12,098,130 | 11,995,940 | 11,724,220 | 10,980,620 | 10,408,290 | 9,778,030 | 8,579,040 | 8,469,890 | 8,130,760 | 7,951,780 | 7,779,210 | 7,073,160 | 6,679,800 | 6,320,980 | 6,393,400 | 6,711,740 | 7,081,450 |
| Gross profit margin | 10.98% | 9.28% | 8.76% | 9.68% | 10.26% | 11.82% | 11.94% | 11.49% | 12.19% | 12.48% | 12.89% | 13.60% | 14.41% | 15.56% | 16.70% | 16.79% | 16.61% | 15.81% | 15.18% | 15.49% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,350,598K ÷ $12,303,470K
= 10.98%
MasTec Inc's gross profit margin has experienced fluctuations over the given time period. The gross profit margin started at 15.49% as of March 31, 2020 and saw a slight decrease to 15.18% by June 30, 2020. However, there was an improvement in the margin to 16.61% by the end of December 31, 2020.
From March 31, 2021 to June 30, 2021, the gross profit margin remained relatively stable between 16.79% and 16.70%. However, there was a noticeable decline to 14.41% by December 31, 2021. Subsequently, the margin continued to decrease gradually, reaching 9.68% as of March 31, 2024.
The most recent data available, December 31, 2024, shows a slight recovery in the gross profit margin to 10.98%. Overall, the downward trend in the gross profit margin from 15.49% in March 31, 2020 to 10.98% in December 31, 2024 may indicate potential challenges in maintaining profitability, which warrants further investigation and strategic decision-making by the management of MasTec Inc.
Peer comparison
Dec 31, 2024