MasTec Inc (MTZ)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -49,949 | 33,354 | 328,831 | 322,848 | 392,334 |
| Revenue | US$ in thousands | 11,995,900 | 9,778,040 | 7,951,800 | 6,321,000 | 7,183,200 |
| Net profit margin | -0.42% | 0.34% | 4.14% | 5.11% | 5.46% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-49,949K ÷ $11,995,900K
= -0.42%
MasTec Inc's net profit margin has exhibited a declining trend over the past five years, with figures of -0.42% in 2023, 0.34% in 2022, and 4.14% in 2021, compared to higher levels of 5.11% in 2020 and 5.46% in 2019. The negative net profit margin in 2023 indicates that the company experienced a net loss relative to its revenue for that year. This diminishing trend may raise concerns about the company's profitability and operational efficiency. It is important for MasTec Inc to closely monitor and identify factors contributing to this declining net profit margin to implement appropriate strategies for improvement in the future.
Peer comparison
Dec 31, 2023