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Spotting Winners: MasTec (NYSE:MTZ) And Engineering and Design Services Stocks In Q2

By: StockStory

October 20, 2025 at 23:31 PM EDT

MTZ Cover Image

As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the engineering and design services industry, including MasTec (NYSE: MTZ) and its peers.

Companies providing engineering and design services boast ever-evolving technical expertise. Compared to their counterparts who manufacture and sell physical products, these companies can also pivot faster to more trending areas due to their smaller physical asset bases. Green energy and water conservation, for example, are current themes driving incremental demand in this space. On the other hand, those providing engineering and design services are at the whim of construction and infrastructure project volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates.

The 5 engineering and design services stocks we track reported a very strong Q2. As a group, revenues beat analysts’ consensus estimates by 2.8% while next quarter’s revenue guidance was in line.

Luckily, engineering and design services stocks have performed well with share prices up 16.8% on average since the latest earnings results.

MasTec (NYSE: MTZ)

Involved in the 1996 Olympic Games MasTec (NYSE: MTZ) is an infrastructure construction company that specializes in the telecommunications, energy, and utility industries.

MasTec reported revenues of $3.54 billion, up 19.7% year on year. This print exceeded analysts’ expectations by 4.2%. Overall, it was a strong quarter for the company with a solid beat of analysts’ revenue estimates and an impressive beat of analysts’ adjusted operating income estimates.

"We are pleased that second quarter financial performance exceeded guidance with respect to both revenue and earnings growth as MasTec continues to take advantage of an exceptionally strong demand climate and execute cleanly against this opportunity," said Jose Mas, MasTec's Chief Executive Officer.

MasTec pulled off the fastest revenue growth and highest full-year guidance raise of the whole group. Unsurprisingly, the stock is up 9% since reporting and currently trades at $206.24.

Is now the time to buy MasTec? Access our full analysis of the earnings results here, it’s free for active Edge members.

Best Q2: EMCOR (NYSE: EME)

Through its network of over 70 subsidiaries, EMCOR (NYSE: EME) provides electrical, mechanical, and building construction and services

EMCOR reported revenues of $4.30 billion, up 17.4% year on year, outperforming analysts’ expectations by 4.9%. The business had a stunning quarter with an impressive beat of analysts’ EBITDA estimates.

The market seems happy with the results as the stock is up 9.9% since reporting. It currently trades at $703.

Is now the time to buy EMCOR? Access our full analysis of the earnings results here, it’s free for active Edge members.

Slowest Q2: AECOM (NYSE: ACM)

Founded in 1990 when a group of engineers from five companies decided to merge, AECOM (NYSE: ACM) provides various infrastructure consulting services.

AECOM reported revenues of $4.18 billion, flat year on year, falling short of analysts’ expectations by 3.3%. It was a mixed quarter as it posted a solid beat of analysts’ adjusted operating income estimates but a significant miss of analysts’ revenue estimates.

AECOM delivered the weakest performance against analyst estimates and slowest revenue growth in the group. Interestingly, the stock is up 19.2% since the results and currently trades at $133.65.

Read our full analysis of AECOM’s results here.

Dycom (NYSE: DY)

Working alongside some of the most popular mobile carriers in the world, Dycom (NYSE: DY) builds and maintains telecommunications infrastructure.

Dycom reported revenues of $1.38 billion, up 14.5% year on year. This number lagged analysts' expectations by 2.5%. Taking a step back, it was a satisfactory quarter as it also produced an impressive beat of analysts’ adjusted operating income estimates but a significant miss of analysts’ revenue estimates.

The stock is up 10% since reporting and currently trades at $296.31.

Read our full, actionable report on Dycom here, it’s free for active Edge members.

Sterling (NASDAQ: STRL)

Involved in the construction of a major highway, the Grand Parkway in Houston, TX, Sterling Infrastructure (NASDAQ: STRL) provides civil infrastructure construction.

Sterling reported revenues of $614.5 million, up 5.4% year on year. This result beat analysts’ expectations by 10.8%. Overall, it was an exceptional quarter as it also logged a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ revenue estimates.

Sterling achieved the biggest analyst estimates beat but had the weakest full-year guidance update among its peers. The stock is up 35.8% since reporting and currently trades at $370.

Read our full, actionable report on Sterling here, it’s free for active Edge members.

Market Update

Thanks to the Fed’s rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn’t send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump’s November win lit a fire under major indices and sent them to all-time highs. However, there’s still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

Symbol	Price	Change (%)
AMZN	222.54	+6.06 (2.80%)
AAPL	263.42	+1.18 (0.45%)
AMD	238.97	-1.59 (-0.66%)
BAC	51.67	-0.37 (-0.70%)
GOOG	252.64	-4.38 (-1.70%)
META	732.59	+0.42 (0.06%)
MSFT	516.25	-0.54 (-0.10%)
NVDA	181.25	-1.39 (-0.76%)
ORCL	275.77	-1.41 (-0.51%)
TSLA	446.04	-1.39 (-0.31%)

Symbol

Price

Change (%)

AMZN

222.54

+6.06 (2.80%)

AAPL

263.42

+1.18 (0.45%)

AMD

238.97

-1.59 (-0.66%)

BAC

51.67

-0.37 (-0.70%)

GOOG

252.64

-4.38 (-1.70%)

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