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Saturday 17 October 2026 Export STRL’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 90.1%, EPS grew 118.0%, free cash flow grew 55.3% and total debt fell 10.3%, each against the same quarter a year earlier. Revenue growth for ten consecutive years.

424.36 21.89 −4.91%
Market cap
$13.7B
P/E
30.1×
Fwd P/E
52.6×
Dividend yield
—
F-score
6/9
Altman Z
5.60
Beneish M
−2.01
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 96.33
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — 1 1 5 1 — 1 — — — —
Insider Ownership 2.73%

Capital & Financial Ratios $m

Market Cap 13,650.00
Revenue 3,438.49
Net Income 460.44
Free Cash Flow 488.21
Net Debt (180.58)
Current Ratio 1.11
Debt/Equity 0.20 (at or below 0.5: strong)
P/E ratio 30.14
Fwd P/E 52.60 (above 35: high)
P/S ratio 3.79
P/B ratio 9.37 (above 6: high)
Past 5Y EPS Growth 44.29% (at or above 15%: strong)
This Y EPS Growth 84.03% (at or above 15%: strong)
Next Y EPS Growth 28.75% (at or above 15%: strong)
Next Y revenue growth 65.50% (at or above 10%: strong)
Next 5Y EPS Growth 42.53% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.7×, against a ten-year median of 0.7×; over the ten years it ranged from 0.1× in 2016 to 9.1× in 2026.
P/E against its own 10 years 82.31%
10-year low 10-year high
P/S against its own 10 years 88.91%
10-year low 10-year high
P/B against its own 10 years 90.49%
10-year low 10-year high
EV/Sales against its own 10 years 89.05%
10-year low 10-year high
EV/FCF against its own 10 years 81.99%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 472 664 391 464
Receivables 270 285 507 778
Inventory — — — —
Other 106 73 136 187
848 1,022 1,034 1,429
2023 2024 2025 Q'26
Payables 146 130 227 316
ST’ Debt 27 26 15 15
Other 458 528 699 873
678 742 1,022 1,291

Compound Annual Growth %

10y 5y 3y
Sales 14.85% 15.21% 12.06%
Cash Flow 48.09% 29.06% 26.16%
Earnings 0.00% 46.98% 39.68%
Book Value 27.73% 32.72% 32.30%

Revenue $m

Mar Jun Sep Dec Year
’26 826 1,168 — — —
’25 431 614 689 756 2,490
’24 440 583 594 499 2,116
’23 404 522 560 486 1,972
’22 366 462 493 449 1,769
’21 315 402 463 234 1,414
’20 297 400 383 147 1,227
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 166 162 — — —
’25 85 85 84 186 440
’24 50 121 152 174 497
’23 49 132 150 147 479
’22 27 15 96 81 219
’21 38 53 44 23 159
’20 11 42 40 31 123
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 148 114 — — —
’25 69 73 65 161 368
’24 30 97 139 161 426
’23 42 109 141 136 428
’22 12 2 79 70 163
’21 27 43 28 18 116
’20 4 35 33 21 92
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 3.09 5.00 — — —
’25 1.28 2.31 2.97 2.81 9.38
’24 1.00 1.67 1.97 3.64 8.27
’23 0.64 1.27 1.26 1.28 4.44
’22 0.64 0.86 0.97 1.03 3.48
’21 0.37 0.69 0.72 0.37 2.15
’20 0.11 0.65 0.54 0.20 1.50
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 4.11 7.75 9.71 10.16 6.72 17.44 20.46 30.60 69.61 96.34

Analyst estimates 2026–2028

Powerpack
High 9.38 18.90 16.68 17.49 20.82 29.67 33.62 89.80 203.49 419.14
People
People Employees 1,684 1,740 1,935 2,800 2,600 2,900 3,200 3,000 3,000 4,400
Revenue/emp, $m 0.41 0.55 0.54 0.40 0.47 0.49 0.55 0.66 0.71 0.57
Income, $m
Income, $m Revenue 690 958 1,038 1,126 1,227 1,414 1,769 1,972 2,116 2,490
Gross margin, % 6.09 9.30 10.63 9.57 14.64 14.39 15.52 17.12 20.14 22.98
EBT (7) 16 31 14 63 89 140 191 358 408
EBT margin, % (1.06) 1.66 3.01 1.29 5.15 6.28 7.92 9.66 16.93 16.40
Net income (7) 16 30 41 43 65 108 143 271 310
Depreciation 16 20 20 24 36 36 54 59 70 78
Per share, $
Per share, $ Revenue 29.82 36.46 38.57 42.23 44.03 49.45 58.59 64.13 68.63 81.53
Earnings (0.40) 0.44 0.94 1.50 1.52 2.19 3.53 4.51 8.35 9.50
Cash flow 1.91 0.94 1.47 1.58 4.41 5.56 7.26 15.56 16.12 14.41
Capex (0.35) (0.04) (0.42) (0.53) (1.09) (1.49) (1.85) (1.64) (2.30) (2.34)
Free cash flow 1.56 0.90 1.04 1.05 3.32 4.07 5.40 13.92 13.83 12.06
Book value 4.67 5.56 6.40 8.29 9.65 12.60 15.82 20.28 26.81 36.23
Shares, m 23 26 27 27 28 29 30 31 31 31
Valuation, ×
Valuation, × P/E 0.00 37.56 11.59 9.51 12.32 12.01 9.48 18.87 20.13 32.27
P/S 0.28 0.44 0.28 0.33 0.42 0.53 0.57 1.32 2.45 3.76
P/B 1.79 2.90 1.70 1.70 1.93 2.09 2.11 4.19 6.28 8.45
EV/Sales 0.23 0.45 0.27 0.68 0.68 0.81 0.71 1.26 2.29 3.72
EV/FCF 4.33 18.14 10.00 27.24 8.97 9.82 7.72 5.80 11.37 25.12
Cash, $m
Cash, $m Operating cash flow 44 25 39 42 123 159 219 479 497 440
Capex (8) (1) (11) (14) (30) (43) (56) (51) (71) (72)
Free cash flow 36 24 28 28 92 116 163 428 426 368
Balance, $m
Balance, $m Working capital 29 96 123 64 40 83 151 170 280 12
Total debt 5 90 82 433 376 452 431 342 316 291
Net debt (37) 6 (12) 387 310 391 250 (130) (348) (100)
Shareholders’ equity 108 146 172 221 269 360 478 624 826 1,106
Returns, %
Returns, % ROA (3.25) 3.04 5.33 5.63 4.48 5.73 7.96 8.62 13.57 12.48
ROIC (4.18) 10.74 16.63 3.88 10.00 8.90 13.73 26.05 34.56 25.20
ROE (9.06) 9.14 15.82 20.28 17.27 19.92 25.41 25.17 35.50 30.02
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Sterling Infrastructure, Inc. vs peers in Engineering & Construction (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
APG APi Group Corporation $17.6B — (loss-making) 36.8× +13.27% (above 0%: growing) +23.53% (above 0%: growing) −12.90% (below 0%: shrinking) 31.19% 7.76% Compare
J Jacobs Solutions Inc. $16.6B 49.7× 28.3× +34.46% (above 0%: growing) −25.16% (below 0%: shrinking) +59.31% (above 0%: growing) 19.89% 7.03% Compare
MTZ MasTec, Inc. $15.4B 30.1× 53.1× +23.38% (above 0%: growing) +51.82% (above 0%: growing) −31.15% (below 0%: shrinking) 12.72% 5.17% Compare
STRL Sterling Infrastructure, Inc. $13.7B 30.1× 52.6× +90.11% (above 0%: growing) +118.03% (above 0%: growing) +55.30% (above 0%: growing) 24.82% 18.77%
IESC IES Holdings, Inc. $10.6B 22.1× 36.6× +39.60% (above 0%: growing) +98.70% (above 0%: growing) −14.63% (below 0%: shrinking) 27.41% 14.37% Compare
TTEK Tetra Tech, Inc. $8.9B 20.8× 17.9× −4.47% (below 0%: shrinking) −2.33% (below 0%: shrinking) −34.95% (below 0%: shrinking) 18.59% 12.07% Compare
DY Dycom Industries, Inc. $7.8B 22.8× 41.3× +45.57% (above 0%: growing) +13.95% (above 0%: growing) +106.51% (above 0%: growing) 21.96% 9.57% Compare
ACM AECOM $7.6B 26.7× 15.5× −14.18% (below 0%: shrinking) n/m −78.95% (below 0%: shrinking) (0.95%) (2.12%) Compare
ACA Arcosa, Inc. $7.2B 14.7× 28.6× +1.73% (above 0%: growing) +447.54% (above 0%: growing) −193.75% (below 0%: shrinking) 23.64% 12.80% Compare
Median of peers $9.7B 22.8× 32.6× +18.33% +23.53% −22.89% 20.93% 8.67%

All 51 Engineering & Construction stocks →

Sterling Infrastructure, Inc. (STRL) key facts

  • Strength: Sterling Infrastructure, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 17.7% from fiscal 2024.
  • Strength: Net income was $309.7 million, or $9.50 per share (basic), a net margin of 11.7%.
  • Sterling Infrastructure, Inc. (STRL) is an Engineering & Construction company in the Industrials sector, listed on Nasdaq.
  • As of October 16, 2026, STRL traded at $424.36, a market capitalization of $13.7 billion.
  • At that price the stock trades at 30.1× trailing-twelve-month earnings and 3.8× sales; its P/E is higher than 82% of its own readings over the past ten years.
  • Return on equity was 30.0% and debt-to-equity 0.20.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 5.60 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Sterling Infrastructure, Inc. (STRL) Latest News

10 May

Impact 5 ·

7 May

Impact 5 ·

4 May

Impact 5 ·
Impact 5 ·
stockrow.com/STRL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com