MasTec Inc (MTZ)
Profitability ratios
Return on sales
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | -0.92% | -0.93% | -0.78% | -1.31% | -0.75% | -0.01% | 0.66% | 1.72% | 3.80% | 7.38% | 8.54% | 8.77% | 8.53% | 7.81% | 8.72% | 33.76% | 53.05% | 73.13% | 96.11% | 95.97% |
| Operating profit margin | -8.42% | -8.44% | -8.26% | -8.87% | -8.49% | -7.23% | -6.23% | -4.70% | -1.38% | 3.37% | 4.42% | 4.43% | 3.71% | 3.05% | 4.15% | 29.80% | 49.60% | 69.13% | 92.19% | 91.90% |
| Pretax margin | -0.71% | -0.62% | -0.31% | -0.33% | 0.43% | 1.42% | 2.37% | 3.51% | 5.38% | 6.30% | 7.19% | 7.24% | 6.73% | 6.16% | 6.09% | 6.93% | 7.09% | 6.12% | 5.80% | 5.45% |
| Net profit margin | -0.42% | -0.40% | -0.12% | -0.12% | 0.34% | 1.24% | 1.99% | 2.81% | 4.14% | 4.70% | 5.24% | 5.27% | 5.11% | 4.86% | 4.81% | 5.44% | 5.46% | 4.37% | 4.29% | 3.93% |
MasTec Inc's profitability ratios, as indicated by the gross profit margin, operating profit margin, pretax margin, and net profit margin, have exhibited fluctuations over the past few quarters. The gross profit margin has experienced a significant decline from historically high levels in the most recent quarters to negative figures, indicating challenges in generating profits from sales after accounting for the cost of goods sold. Similarly, the operating profit margin has also trended downward, reflecting a decrease in profitability from core business operations.
The pretax margin has shown volatility, with periods of positive and negative values. While the company managed to achieve positive pretax margins in some quarters, there were instances where performance was hampered, leading to negative pretax margins. This suggests variability in the company's ability to generate profits before accounting for taxes and other expenses.
The net profit margin, representing the bottom line profitability after all expenses, has followed a similar pattern of fluctuation. Although MasTec Inc has maintained positive net profit margins in most quarters, there has been a recent trend of declining profitability, with several quarters showing negative net profit margins, indicating challenges in translating revenues into bottom-line profits.
Overall, the analysis of MasTec Inc's profitability ratios highlights the company's struggle to maintain consistent and robust profitability levels, facing challenges in cost management, operational efficiency, and revenue generation. Continued monitoring and strategic initiatives may be necessary to address these profitability concerns and improve the company's financial performance.
Return on investment
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | -10.78% | -10.38% | -9.76% | -10.19% | -8.93% | -8.30% | -7.13% | -5.39% | -1.55% | 4.36% | 5.29% | 5.35% | 4.49% | 3.75% | 5.58% | 43.12% | 71.30% | 105.17% | 141.28% | 132.93% |
| Return on assets (ROA) | -0.53% | -0.50% | -0.14% | -0.13% | 0.36% | 1.43% | 2.28% | 3.22% | 4.62% | 6.07% | 6.28% | 6.36% | 6.18% | 5.97% | 6.47% | 7.88% | 7.85% | 6.65% | 6.57% | 5.68% |
| Return on total capital | -37.34% | -36.60% | -33.84% | -34.88% | -30.33% | -24.40% | -21.28% | -15.22% | -4.34% | 11.54% | 14.47% | 14.20% | 11.73% | 10.42% | 15.95% | 125.19% | 199.35% | 305.14% | 437.81% | 451.32% |
| Return on equity (ROE) | -1.85% | -1.76% | -0.48% | -0.46% | 1.22% | 4.20% | 6.81% | 9.10% | 12.95% | 16.07% | 17.17% | 16.89% | 16.13% | 16.58% | 18.48% | 22.87% | 21.95% | 19.31% | 20.37% | 19.29% |
MasTec Inc's profitability ratios show varying trends over the historical periods.
- Operating return on assets (Operating ROA) has been negative in recent quarters, indicating that the company is not efficiently generating profits from its assets to cover operating expenses.
- Return on assets (ROA) has also been negative in recent quarters, reflecting a decline in overall profitability of the company relative to its total assets.
- Return on total capital has shown a downward trend, with negative values indicating that the company is not generating satisfactory returns based on its total capital employed.
- Return on equity (ROE) has fluctuated over the periods but has generally decreased lately, although it remains positive. This suggests that the company's profitability in relation to shareholder investment has declined.
Overall, MasTec Inc's profitability has weakened recently, with negative trends in key profitability ratios indicating challenges in efficiently utilizing assets, generating profits, and providing returns to shareholders. Addressing these issues will be crucial for the company's financial performance and long-term sustainability.