MasTec (FRA:MY8) Gross Profit

: €1,149 Mil (TTM As of Mar. 2023)

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MasTec's gross profit for the three months ended in Mar. 2023 was €210 Mil. MasTec's gross profit for the trailing twelve months (TTM) ended in Mar. 2023 was €1,149 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. MasTec's gross profit for the three months ended in Mar. 2023 was €210 Mil. MasTec's Revenue for the three months ended in Mar. 2023 was €2,414 Mil. Therefore, MasTec's Gross Margin % for the quarter that ended in Mar. 2023 was 8.71%.

MasTec had a gross margin of 8.71% for the quarter that ended in Mar. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of MasTec was 16.61%. The lowest was 11.57%. And the median was 13.89%.

MasTec Gross Profit Historical Data

The historical data trend for MasTec's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MasTec Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Profit

852.73

1,001.65

863.18

1,014.25

1,124.97

MasTec Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Gross Profit																200.74	258.90	328.91	350.50	210.30

Competitive Comparison

For the Engineering & Construction subindustry, MasTec's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

MasTec Gross Profit Distribution

For the Construction industry and Industrials sector, MasTec's Gross Profit distribution charts can be found below:

* The bar in red indicates where MasTec's Gross Profit falls in comparison to its industry or sector. The grey bar indicates the Gross Profit's extreme value range as defined by GuruFocus.

MasTec Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

MasTec's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	9230.468	-	8105.498
	=	1,125

MasTec's Gross Profit for the quarter that ended in Mar. 2023 is calculated as

Gross Profit (Q: Mar. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	2414.072	-	2203.767
	=	210

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,149 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

MasTec's Gross Margin % for the quarter that ended in Mar. 2023 is calculated as

Gross Margin % (Q: Mar. 2023 )	=	Gross Profit (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	210	/	2414.072
	=	8.71 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

MasTec (FRA:MY8) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

MasTec had a gross margin of 8.71% for the quarter that ended in Mar. 2023 => No sustainable competitive advantage

MasTec Gross Profit Related Terms

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MasTec (FRA:MY8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MasTec Inc (FRA:MY8) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

MTZ:USA

Address

800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134

Website

https://www.mastec.com

MasTec Inc is a leading infrastructure construction company operating primarily throughout North America. Its principal activities include engineering, building, installation, maintenance, and upgrades of communications, energy, and utility infrastructure. The company installs wireless, wireline, and satellite communications; oil and gas pipeline infrastructure; conventional and renewable power generation; and other industrial systems. MasTec has five operating segments: Communications, Oil and Gas, Power Delivery, Clean Energy and Infrastructure, and Others. The majority of its revenue is derived from the Communications segments. The company markets services individually and in combination with other companies to provide a wide range of solutions for customers.

MasTec (FRA:MY8) Headlines

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