STERLING INFRASTRUCTURE, INC. STRL

Industrials SIC 1600 - Heavy Construction Other Than Bldg Const - Contractors NAICS Construction › Heavy and Civil Engineering Construction derived Nasdaq

Sterling Infrastructure, Inc. ("Sterling" or "the Company") operates through a variety of subsidiaries within three segments specializing in E-Infrastructure, Transportation and Building Solutions in the United States, primarily across the Southern, Northeastern, Mid-Atlantic and Rocky Mountain regions and the Pacific Islands. E-Infrastructure Solutions provides advanced, large-scale site development services and mission-critical electrical services for data centers, semiconductor fabrication, manufacturing, distribution centers, warehousing, power generation and more. Transportation Solutions includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, rail and storm drainage systems. Building Solutions includes residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs, other concrete work, plumbing services, and surveys for new single-family residential builds. From strategy to operations, we are committed to sustainability by operating responsibly to safeguard and improve society's quality of life. Caring for our people and our communities, our customers and our investors – that is The Sterling Way.

Last close 355.30 2026-10-23
Market cap $10.87B 2026-06-30 share count
52-week range 281.57 - 1,005.68

Valuation FY2025 figures against the last close

P/S4.4x
P/E37.9x
P/FCF30.0x
EV/EBITDA22.3x
Dividend yield—
Diluted EPS9.38

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.49B$2.12B$1.97B$1.77B$1.41B$1.23B$1.13B$1.04B$958.0M$690.1M
Cost of revenue $1.92B$1.69B$1.63B$1.49B$1.21B$1.05B$1.02B$927.3M$868.9M$648.1M
Gross profit $572.3M$426.1M$337.6M$274.6M$203.5M$179.6M$107.8M$110.3M$89.1M$42.1M
SG&A $154.8M$118.4M$98.7M$86.5M$69.2M$64.3M$49.2M$48.2M$46.6M$36.8M
Operating income $405.9M$264.6M$205.8M$159.9M$107.0M$92.6M$37.8M$42.6M$26.2M-$4.7M
Pre-tax income $388.9M$344.8M$186.4M$148.2M$87.5M$61.7M$66.9M$31.3M$15.9M-$7.3M
Income tax $98.8M$87.4M$47.8M$41.7M$24.9M$19.4M$26.2M$1.7M$118.0K$88.0K
Net income $290.2M$257.5M$138.7M$106.5M$62.6M$42.3M$40.7M$29.5M$15.8M-$7.4M
EPS, basic 9.508.354.513.532.191.521.500.940.44-0.40
EPS, diluted 9.388.274.443.482.151.501.470.930.43-0.40
Shares, diluted (wtd. avg.) 30.9M31.1M31.2M30.6M29.1M28.2M27.1M27.2M26.7M23.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $390.7M$664.2M$471.6M$185.3M$88.7M$72.6M$50.6M$98.0M$84.0M$42.8M
Inventory ———————$3.2M$4.6M$3.7M
Total current assets $1.03B$1.02B$848.0M$597.3M$434.7M$361.5M$330.3M$302.6M$278.5M$175.9M
Property, plant and equipment ——————$116.0M$52.0M$54.4M$68.1M
Goodwill $585.2M$264.6M$281.1M$262.7M$258.3M$192.0M$191.9M$85.2M$85.2M$54.8M
Other intangibles $554.7M$316.4M$328.4M$299.1M$303.2M$244.9M$256.3M$42.4M$44.8M$0
Total assets $2.63B$2.02B$1.78B$1.44B$1.23B$952.7M$934.7M$482.6M$463.3M$301.8M
Accounts payable $226.8M$130.4M$146.0M$121.9M$112.7M$95.2M$137.6M$99.4M$97.5M$67.1M
Short-term debt $15.1M$26.4M$26.5M$32.6M$23.4M$77.4M$42.5M$2.9M$4.0M$3.8M
Total current liabilities $1.02B$742.0M$678.2M$446.6M$351.8M$321.9M$266.3M$179.2M$182.3M$146.6M
Long-term debt $275.9M$289.9M$315.0M$398.7M$428.5M$291.2M$390.6M$79.1M$86.2M$1.5M
Total liabilities $1.53B$1.19B$1.15B$963.8M$874.5M$684.0M$713.5M$310.3M——
Retained earnings $872.6M$582.5M$325.0M$186.4M$79.9M$17.3M-$25.0M-$64.9M-$90.1M-$101.7M
Total equity $1.11B$808.1M$623.9M$477.8M$360.2M$268.7M$221.2M$172.3M$146.2M$108.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $440.0M$497.1M$478.6M$219.1M$158.9M$122.9M$42.1M$39.5M$24.8M$44.3M
Depreciation and amortisation $77.1M$68.4M$57.4M$52.1M$34.2M$32.8M$20.7M$16.8M$17.0M$15.7M
Stock-based compensation $24.2M$19.0M$14.6M$12.7M$11.8M$11.6M$3.8M$3.1M$2.8M$1.8M
Capital expenditure $77.3M$81.0M$64.4M$60.9M$46.7M$32.9M$15.4M$13.2M$9.4M$10.9M
Investing cash flow -$551.9M-$185.8M-$87.8M-$89.8M-$223.4M-$30.5M-$410.4M-$11.4M-$55.9M-$8.2M
Financing cash flow -$161.5M-$118.6M-$104.5M-$32.8M$80.6M-$70.3M$320.9M-$17.9M$72.3M$2.3M
Buybacks $74.2M$70.6M$0$0$0$0$3.2M$4.7M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000874238-26-000024.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 690.1M Gross profit, FY2016: 42.1M Net income, FY2016: -7.4M Revenue, FY2017: 958M Gross profit, FY2017: 89.1M Net income, FY2017: 15.8M Revenue, FY2018: 1B Gross profit, FY2018: 110.3M Net income, FY2018: 29.5M Revenue, FY2019: 1.1B Gross profit, FY2019: 107.8M Net income, FY2019: 40.7M Revenue, FY2020: 1.2B Gross profit, FY2020: 179.6M Net income, FY2020: 42.3M Revenue, FY2021: 1.4B Gross profit, FY2021: 203.5M Net income, FY2021: 62.6M Revenue, FY2022: 1.8B Gross profit, FY2022: 274.6M Net income, FY2022: 106.5M Revenue, FY2023: 2B Gross profit, FY2023: 337.6M Net income, FY2023: 138.7M Revenue, FY2024: 2.1B Gross profit, FY2024: 426.1M Net income, FY2024: 257.5M Revenue, FY2025: 2.5B Gross profit, FY2025: 572.3M Net income, FY2025: 290.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $690.1M $958.0M $1.04B $1.13B $1.23B $1.41B $1.77B $1.97B $2.12B $2.49B
Gross profit $42.1M $89.1M $110.3M $107.8M $179.6M $203.5M $274.6M $337.6M $426.1M $572.3M
Net income -$7.4M $15.8M $29.5M $40.7M $42.3M $62.6M $106.5M $138.7M $257.5M $290.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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