Sterling Infrastructure, Inc. (STRL) Financial Statements
Industry: Heavy Construction Other Than Bldg Const - Contractors
In fiscal 2025, Sterling Infrastructure reported revenue of $2.49B, up 17.7% from $2.12B the year before. Net income was $290.2M (a 11.7% net margin), or $9.38 per diluted share. Gross margin was 23.0% and operating margin was 16.3%. Operating activities generated $440.0M of cash, leaving $362.7M of free cash flow. At fiscal year end, Sterling Infrastructure held $2.63B in total assets against $1.53B in total liabilities, including $390.7M of cash and equivalents.
Open the full interactive Sterling Infrastructure financials → Quarterly statements, key ratios, valuation history and price charts.
Sterling Infrastructure Key Stats
| Share Price | $498.61 |
|---|---|
| Market Cap | $15.53B |
| P/E Ratio | 53.2 |
| Revenue YoY Growth | +17.7% |
| 52-Week Range | $283.57 – $993.74 |
| Shares Outstanding | 30.7 million (basic, 2026 Q2) |
Sterling Infrastructure Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.43B | $1.58B | $1.77B | $1.97B | $2.12B | $2.49B |
| Cost of Goods Sold | $1.24B | $1.37B | $1.49B | $1.63B | $1.69B | $1.92B |
| Gross Profit | $191.4M | $214.8M | $274.6M | $337.6M | $426.1M | $572.3M |
| Operating Income | $94.9M | $107.3M | $159.9M | $205.8M | $264.6M | $405.9M |
| Pre-Tax Income | $65.4M | $90.0M | $148.2M | $186.4M | $344.8M | $388.9M |
| Income Tax | $22.5M | $24.9M | $41.7M | $47.8M | $87.4M | $98.8M |
| Net Income | $42.9M | $65.1M | $106.5M | $138.7M | $257.5M | $290.2M |
| Diluted EPS | $1.50 | $2.15 | $3.48 | $4.44 | $8.27 | $9.38 |
Sterling Infrastructure Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $689.0M | $755.6M | $825.7M | $1.17B |
| Net Income | $92.1M | $87.6M | $96.0M | $155.8M |
| Diluted EPS | $2.97 | $2.83 | $3.09 | $5.00 |
Sterling Infrastructure Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $66.2M | $81.8M | $181.5M | $471.6M | $664.2M | $390.7M |
| Current Assets | $361.5M | $434.7M | $597.3M | $848.0M | $1.02B | $1.03B |
| Total Assets | $952.7M | $1.23B | $1.44B | $1.78B | $2.02B | $2.63B |
| Current Liabilities | $321.9M | $351.8M | $446.6M | $678.2M | $742.0M | $1.02B |
| Total Long-Term Debt | $368.7M | $456.8M | $431.3M | $341.5M | $316.3M | $291.0M |
| Total Liabilities | $684.0M | $870.8M | $963.8M | $1.15B | $1.19B | $1.53B |
| Shareholders' Equity | $267.3M | $358.8M | $474.6M | $618.9M | $808.1M | $1.11B |
Sterling Infrastructure Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $119.3M | $151.6M | $219.1M | $478.6M | $497.1M | $440.0M |
| Cash From Investing | -$30.5M | -$223.4M | -$89.8M | -$87.8M | -$185.8M | -$551.9M |
| Cash From Financing | -$68.3M | $87.9M | -$32.8M | -$104.5M | -$118.6M | -$161.5M |
| Free Cash Flow | $86.4M | $104.9M | $158.2M | $414.2M | $416.1M | $362.7M |
Figures from Sterling Infrastructure's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Sterling Infrastructure financials page for every line item.
Sterling Infrastructure Company Profile
| Ticker | STRL |
|---|---|
| Exchange | Nasdaq |
| Industry | Heavy Construction Other Than Bldg Const - Contractors |
| Headquarters | The Woodlands, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000874238 |
Frequently Asked Questions
What was Sterling Infrastructure's revenue in fiscal 2025?
Sterling Infrastructure (STRL) reported revenue of $2.49B for fiscal 2025.
What is Sterling Infrastructure's annual revenue history?
Sterling Infrastructure's annual revenue by fiscal year: 2020: $1.43B; 2021: $1.58B; 2022: $1.77B; 2023: $1.97B; 2024: $2.12B; 2025: $2.49B.
What was Sterling Infrastructure's net income in fiscal 2025?
Sterling Infrastructure reported net income of $290.2M for fiscal 2025.
What was Sterling Infrastructure's earnings per share (EPS) in fiscal 2025?
Sterling Infrastructure's diluted EPS was $9.38 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Sterling Infrastructure generate in fiscal 2025?
Sterling Infrastructure generated $362.7M of free cash flow in fiscal 2025.
What was Sterling Infrastructure's revenue last quarter?
In its most recent reported quarter (2026 Q2), Sterling Infrastructure reported revenue of $1.17B.
How much debt does Sterling Infrastructure have?
Sterling Infrastructure reported $291.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Sterling Infrastructure are outstanding?
Sterling Infrastructure reported a weighted average of 30.7 million basic shares outstanding in 2026 Q2.
What is Sterling Infrastructure's market cap?
Based on its latest closing price, Sterling Infrastructure (STRL) has a market capitalization of about $15.53B.
When does Sterling Infrastructure's fiscal year end?
Sterling Infrastructure's fiscal year end, as registered with the SEC, is December 31.
Where is Sterling Infrastructure headquartered?
Sterling Infrastructure lists its business address in The Woodlands, Texas in its SEC filings.
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