MasTec Inc (MTZ)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,987,340 | 2,809,670 | 2,714,360 | 2,674,260 | 2,706,150 | 2,713,720 | 2,679,050 | 2,646,300 | 2,737,330 | 2,542,070 | 2,480,830 | 2,508,010 | 2,543,860 | 2,273,180 | 2,161,370 | 2,084,910 | 2,005,520 | 1,877,140 | 1,746,710 | 1,685,510 |
| ROE | 5.45% | 3.16% | 0.29% | -0.40% | -1.85% | -1.75% | -0.48% | -0.46% | 1.22% | 4.20% | 6.81% | 9.10% | 12.93% | 16.07% | 17.15% | 16.90% | 16.10% | 16.55% | 18.48% | 22.87% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $162,788K ÷ $2,987,340K
= 5.45%
MasTec Inc's return on equity (ROE) has experienced a declining trend over the analyzed period. Starting from a robust level of 22.87% in March 2020, the ROE gradually decreased to 5.45% by December 2024.
The decreasing trend in ROE suggests that MasTec Inc's ability to generate profits from shareholders' equity has weakened over time. It is important to investigate the reasons behind this decline, as factors such as increasing debt levels, declining profitability, or inefficient utilization of assets could be contributing to the lower ROE.
Investors and stakeholders should closely monitor MasTec Inc's financial performance and consider the implications of the decreasing ROE on the company's overall financial health and future growth prospects. Management may need to implement strategic measures to improve ROE and ensure sustainable long-term profitability.
Peer comparison
Dec 31, 2024