MasTec Inc (MTZ)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -49,949 | -47,478 | -12,878 | -12,208 | 33,354 | 106,774 | 168,965 | 228,204 | 328,831 | 365,287 | 370,691 | 352,245 | 322,826 | 310,626 | 322,735 | 385,430 | 392,300 | 323,300 | 315,400 | 276,200 |
| Total stockholders’ equity | US$ in thousands | 2,706,150 | 2,703,340 | 2,679,050 | 2,646,300 | 2,737,330 | 2,542,070 | 2,480,830 | 2,508,010 | 2,539,810 | 2,273,180 | 2,158,360 | 2,084,910 | 2,001,920 | 1,873,340 | 1,746,710 | 1,685,510 | 1,787,220 | 1,674,600 | 1,548,120 | 1,431,610 |
| 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% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-49,949K ÷ $2,706,150K
= -1.85%
MasTec Inc's return on equity (ROE) shows a fluctuating trend over the past several quarters. The ROE has been negative for the most recent quarters, which indicates that the company's net income is not sufficient to generate a positive return for shareholders' equity. This could be a concern as it suggests the company is not efficiently utilizing its shareholders' investments to generate profits.
Looking back further, MasTec Inc's ROE was relatively stable and positive, indicating strong performance in utilizing shareholders' equity to generate profits. The significant drop in ROE in recent quarters could be due to various factors such as decreased profitability, increased expenses, or lower asset turnover.
Overall, the negative trend in MasTec Inc's ROE raises questions about the company's financial performance and efficiency in utilizing shareholders' equity. Further analysis of the company's financial statements and operational performance is necessary to understand the underlying reasons for the declining ROE and to determine potential areas for improvement.
Peer comparison
Dec 31, 2023