MasTec Inc (MTZ)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 438,223 | 357,959 | 259,383 | 224,803 | 151,701 | 154,497 | 156,263 | 114,794 | 155,315 | 198,583 | 264,513 | 343,535 | 483,489 | 545,643 | 563,475 | 539,192 | 484,793 | 458,123 | 479,847 | 564,056 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | 14.67% | 12.74% | 9.56% | 8.41% | 5.61% | 5.69% | 5.83% | 4.34% | 5.67% | 7.81% | 10.66% | 13.70% | 19.01% | 24.00% | 26.07% | 25.86% | 24.17% | 24.41% | 27.47% | 33.47% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $438,223K ÷ ($—K + $2,987,340K)
= 14.67%
MasTec Inc's return on total capital has experienced a declining trend over the quarters provided in the data. The return on total capital was relatively high at 33.47% as of March 31, 2020, but gradually decreased to 14.67% by December 31, 2024. This downward trajectory indicates a decrease in the company's efficiency in generating profits from its total invested capital over time. Investors and analysts may view this trend as a potential concern, highlighting the need for MasTec Inc to effectively allocate its capital to improve its return on investment and overall financial performance.
Peer comparison
Dec 31, 2024