MasTec Inc (MTZ)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 162,788 | 88,801 | 7,857 | -10,589 | -49,955 | -47,484 | -12,884 | -12,214 | 33,373 | 106,793 | 168,984 | 228,223 | 328,831 | 365,309 | 370,713 | 352,267 | 322,848 | 310,642 | 322,747 | 385,452 |
| Total assets | US$ in thousands | 8,975,280 | 8,762,970 | 8,678,990 | 8,745,350 | 9,758,610 | 9,529,730 | 9,287,820 | 9,055,340 | 9,293,260 | 7,475,660 | 7,404,690 | 7,088,000 | 7,121,390 | 6,013,250 | 5,901,630 | 5,538,300 | 5,227,850 | 5,201,750 | 4,989,980 | 4,893,550 |
| ROA | 1.81% | 1.01% | 0.09% | -0.12% | -0.51% | -0.50% | -0.14% | -0.13% | 0.36% | 1.43% | 2.28% | 3.22% | 4.62% | 6.08% | 6.28% | 6.36% | 6.18% | 5.97% | 6.47% | 7.88% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $162,788K ÷ $8,975,280K
= 1.81%
MasTec Inc's return on assets (ROA) has shown a declining trend over the past several quarters, starting at 7.88% as of March 31, 2020, and dropping to 1.81% by December 31, 2024. This decreasing ROA indicates that the company's ability to generate profits from its assets has been weakening over time. It is crucial for MasTec Inc to closely monitor and address the factors contributing to this decline to improve operational efficiency and profitability. The declining ROA may suggest inefficiencies in asset utilization or declining profitability relative to the size of its asset base, which could impact the company's overall financial performance and competitiveness in the market.
Peer comparison
Dec 31, 2024