Sterling Infrastructure, Inc.

STRL Industrials Engineering & Construction

Sterling Infrastructure, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 17.7% from fiscal 2024.

Revenue
+127.0%
EPS
+148.5%
Free cash flow
−16.8%
Total debt
−67.7%

Quarter to September 2026, against a year earlier

245.91 37.75 −13.31%
Market cap
$7.5B
P/E
13.2×
Fwd P/E
19.7×
Dividend yield
—
F-score
6/9
Altman Z
5.60
Beneish M
−2.01
Dividend safety
n/a

Sterling Infrastructure, Inc. (STRL) Gross margin

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Sterling Infrastructure, Inc.'s gross margin over the twelve months to 30 September 2026 was 23.8%, up 0.8 percentage points from fiscal 2025 (23.0%). Over the past ten years it has ranged from 4.43% (fiscal 2015) to 23.0% (fiscal 2025) — the current reading is the highest in ten years. That is above the Engineering & Construction industry median of 18.8% and below the Industrials sector median of 30.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 23.0% 2.84
FY2024 20.1% 3.02
FY2023 17.1% 1.60
FY2022 15.5% 1.13
FY2021 14.4% (0.25)
FY2020 14.6% 5.07
FY2019 9.57% (1.06)
FY2018 10.6% 1.33
FY2017 9.30% 3.21
FY2016 6.09% 1.66

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 24.1% (0.70)
Jun 2026 24.8% 1.29
Mar 2026 23.5% 1.81
Dec 2025 21.7% (2.98)
43 more quarters

Against its own ten years

Low 4.43% High 23.0%
Ten-year median 14.4%
Current reading's percentile 98

Gross margin against peers

Company Gross margin
IESC IES Holdings, Inc. compare 26.3%
STRL Sterling Infrastructure, Inc. 23.8%
DY Dycom Industries, Inc. compare 20.5%
TTEK Tetra Tech, Inc. compare 18.8%
GVA Granite Construction Incorporated compare 16.1%
ROAD Construction Partners, Inc. compare 15.8%
MTZ MasTec, Inc. compare 12.7%
ACM AECOM compare 5.68%
FLR Fluor Corporation compare −0.80%
Engineering & Construction industry median 18.8%
Industrials sector median 30.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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