MasTec Inc (MTZ)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 162,788 | -49,949 | 33,354 | 328,831 | 322,848 |
| Total assets | US$ in thousands | 8,975,280 | 9,373,510 | 9,293,260 | 7,121,390 | 5,227,850 |
| ROA | 1.81% | -0.53% | 0.36% | 4.62% | 6.18% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $162,788K ÷ $8,975,280K
= 1.81%
MasTec Inc's return on assets (ROA) has exhibited some fluctuations over the past five years. In 2020, the ROA stood at 6.18%, indicating that the company generated a healthy return on its assets at that time. However, by the end of 2021, the ROA decreased to 4.62%, suggesting a slight decline in the company's efficiency in utilizing its assets to generate profits.
The performance worsened significantly by the end of 2022, with the ROA plummeting to 0.36%, signaling a notable decrease in profitability relative to its asset base. This downward trend continued in 2023, as the ROA turned negative at -0.53%, indicating that MasTec Inc experienced losses in relation to its assets during that period.
Nevertheless, there was a slight recovery by the end of 2024, with the ROA improving to 1.81%. While this indicates a better utilization of assets compared to the previous year, the ROA level still remains lower than the initial figures seen in 2020.
Overall, MasTec Inc's ROA has displayed volatility and a general downward trend over the past five years, suggesting fluctuations in the company's profitability and efficiency in asset utilization. Further analysis of the company's financial performance and operational strategies may be necessary to understand the underlying reasons for these fluctuations and to improve the ROA in the future.
Peer comparison
Dec 31, 2024