MasTec Operating Income vs Income Before Tax Analysis
MTZ Stock | USD 107.33 0.88 0.83% |
MasTec financial indicator trend analysis is infinitely more than just investigating MasTec Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MasTec Inc is a good investment. Please check the relationship between MasTec Operating Income and its Income Before Tax accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasTec Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Operating Income vs Income Before Tax
Operating Income vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MasTec Inc Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between MasTec's Operating Income and Income Before Tax is 0.92. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of MasTec Inc, assuming nothing else is changed. The correlation between historical values of MasTec's Operating Income and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of MasTec Inc are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., MasTec's Operating Income and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from MasTec Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of MasTec Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on MasTec income statement and is an important metric when analyzing MasTec Inc profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most indicators from MasTec's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MasTec Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasTec Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, MasTec's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.09 in 2024, whereas Discontinued Operations is likely to drop (7.8 M) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.1B | 1.2B | 786.8M | 826.2M | Total Revenue | 8.0B | 9.8B | 12.0B | 12.6B |
MasTec fundamental ratios Correlations
Click cells to compare fundamentals
MasTec Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MasTec fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.0B | 5.2B | 7.1B | 9.3B | 9.8B | 10.2B | |
Short Long Term Debt Total | 1.5B | 1.3B | 2.1B | 3.5B | 3.5B | 3.7B | |
Other Current Liab | 277.9M | 398.0M | 574.2M | 711.5M | 798.6M | 838.6M | |
Total Current Liabilities | 1.2B | 1.4B | 1.8B | 2.5B | 2.8B | 3.0B | |
Total Stockholder Equity | 1.8B | 2.0B | 2.5B | 2.7B | 2.7B | 2.8B | |
Property Plant And Equipment Net | 1.1B | 1.2B | 1.7B | 2.0B | 2.1B | 2.2B | |
Net Debt | 1.4B | 851.0M | 1.7B | 3.1B | 3.0B | 3.1B | |
Retained Earnings | 1.5B | 1.8B | 2.2B | 2.2B | 2.1B | 2.3B | |
Cash | 71.4M | 423.1M | 360.7M | 370.6M | 529.6M | 556.0M | |
Non Current Assets Total | 2.8B | 2.9B | 4.2B | 5.4B | 5.8B | 6.1B | |
Non Currrent Assets Other | 254.7M | 282.9M | 360.1M | (571.0B) | 395.4M | 415.2M | |
Cash And Short Term Investments | 71.4M | 423.1M | 360.7M | 370.6M | 529.6M | 556.0M | |
Net Receivables | 1.9B | 1.8B | 2.2B | 3.1B | 3.1B | 3.3B | |
Common Stock Shares Outstanding | 75.8M | 73.7M | 73.9M | 76.2M | 77.5M | 60.9M | |
Liabilities And Stockholders Equity | 5.0B | 5.2B | 7.1B | 9.3B | 9.8B | 10.2B | |
Non Current Liabilities Total | 2.0B | 1.8B | 2.8B | 4.1B | 4.2B | 4.4B | |
Inventory | 100.1M | 89.6M | 92.6M | 118.0M | 108.1M | 113.6M | |
Other Current Assets | 75.2M | 31.4M | 81.9M | 118.7M | 210.1M | 220.6M | |
Other Stockholder Equity | 347.5M | 254.1M | 450.7M | 582.7M | 603.4M | 375.5M | |
Total Liab | 3.2B | 3.2B | 4.6B | 6.6B | 7.0B | 7.4B | |
Property Plant And Equipment Gross | 1.1B | 1.2B | 1.7B | 2.0B | 4.0B | 4.2B | |
Total Current Assets | 2.2B | 2.4B | 2.9B | 3.9B | 4.0B | 4.2B | |
Accumulated Other Comprehensive Income | (75.7M) | (91.4M) | (78.8M) | (51.0M) | (53.0M) | (55.6M) | |
Short Term Debt | 200.0M | 217.6M | 233.3M | 268.4M | 315.0M | 330.8M | |
Intangible Assets | 211.5M | 184.0M | 670.3M | 946.3M | 784.3M | 823.5M | |
Accounts Payable | 535.0M | 571.3M | 663.1M | 1.1B | 1.2B | 1.3B | |
Common Stock Total Equity | 9.2M | 9.3M | 9.5M | 9.9M | 11.3M | 8.1M | |
Common Stock | 9.2M | 9.3M | 9.5M | 9.9M | 9.9M | 8.2M | |
Other Liab | 517.6M | 533.0M | 740.3M | 809.8M | 931.3M | 977.8M | |
Other Assets | 103K | 105K | (33K) | 41K | 36.9K | 35.1K | |
Long Term Debt | 1.3B | 1.2B | 1.9B | 3.1B | 2.9B | 3.0B | |
Property Plant Equipment | 905.8M | 982.3M | 1.7B | 2.0B | 2.3B | 2.5B | |
Current Deferred Revenue | 206.2M | 228.4M | 314.0M | 406.2M | 481.0M | 505.0M | |
Good Will | 1.2B | 1.2B | 1.5B | 2.0B | 2.1B | 2.2B | |
Net Tangible Assets | 354.3M | 574.8M | 353.0M | (254.0M) | (292.1M) | (277.5M) | |
Noncontrolling Interest In Consolidated Entity | 4.5M | 3.6M | 4.1M | 3.9M | 4.4M | 4.2M | |
Retained Earnings Total Equity | 1.5B | 1.8B | 2.2B | 2.2B | 2.5B | 2.7B | |
Long Term Debt Total | 1.3B | 1.2B | 1.9B | 3.1B | 3.5B | 3.7B |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.C | Citigroup | |
CRM | Salesforce | |
MSFT | Microsoft |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasTec Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for MasTec Stock analysis
When running MasTec's price analysis, check to measure MasTec's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MasTec is operating at the current time. Most of MasTec's value examination focuses on studying past and present price action to predict the probability of MasTec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MasTec's price. Additionally, you may evaluate how the addition of MasTec to your portfolios can decrease your overall portfolio volatility.
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital |
Is MasTec's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MasTec. If investors know MasTec will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MasTec listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.88) | Earnings Share (0.12) | Revenue Per Share 155.554 | Quarterly Revenue Growth 0.04 | Return On Assets 0.0157 |
The market value of MasTec Inc is measured differently than its book value, which is the value of MasTec that is recorded on the company's balance sheet. Investors also form their own opinion of MasTec's value that differs from its market value or its book value, called intrinsic value, which is MasTec's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MasTec's market value can be influenced by many factors that don't directly affect MasTec's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MasTec's value and its price as these two are different measures arrived at by different means. Investors typically determine if MasTec is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MasTec's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.