MasTec Inc (MTZ)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 250,963 | -82,704 | 43,059 | 430,075 | 425,164 |
| Revenue | US$ in thousands | 12,303,500 | 11,995,900 | 9,778,040 | 7,951,780 | 6,320,980 |
| Pretax margin | 2.04% | -0.69% | 0.44% | 5.41% | 6.73% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $250,963K ÷ $12,303,500K
= 2.04%
The pretax margin of MasTec Inc has shown a fluctuating trend over the past five years. Starting at 6.73% on December 31, 2020, the margin decreased to 5.41% by December 31, 2021. However, it experienced a significant decline to 0.44% on December 31, 2022, indicating a decrease in profitability before tax. The trend continued with a negative pretax margin of -0.69% on December 31, 2023, implying that the company was operating at a loss before tax during that period.
Subsequently, there was an improvement as the pretax margin increased to 2.04% by December 31, 2024, suggesting a recovery in profitability before tax. Overall, MasTec Inc's pretax margin has been volatile, reflecting changes in the company's ability to generate profits relative to its revenue before accounting for taxes.
Peer comparison
Dec 31, 2024