Sterling Infrastructure
STRL Nasdaq· Construction & Engineering
Last close · Oct 26, 2026
$360.72
KIRA · Stoqly’s AI analyst, in plain words
- Sterling Infrastructure had $2.5B of revenue in fiscal 2025, up 17.7% on the year before. Over five years, revenue changed +15.2% a year on average.
- Its operating margin was 16.3%, up 3.8 pts: of every 100 in sales, about 16 is left after running the business.
- Sterling Infrastructure made $290M of net profit in fiscal 2025.
- Free cash flow was $363M in fiscal 2025, 14.6% of revenue.
- Sterling Infrastructure returned $74.2M to shareholders in fiscal 2025, 20% of free cash flow. The diluted share count fell 0.6%.
- Sterling Infrastructure has $99.3M more cash than debt.
Market cap
$11.2B
P/E
26.0x
Revenue
$2.5B
Net income
$290M
Free cash flow
$363M
Operating margin
16.3%
Sterling Infrastructure in 30 seconds · fiscal 2025
Are sales growing?
+17.7%
Yes. Sales grew 17.7% last year.
Does it make a profit?
11.7%
Yes. It keeps 11.7% of every sale as profit.
Does profit turn into cash?
14.6%
Yes. 14.6% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
26.0x
One share costs 26.0 times its yearly profit per share. Typical for its sector: 26.0x.
What Sterling Infrastructure does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 26, 2026
- Legal name
- STERLING INFRASTRUCTURE, INC.
- CIK
- 0000874238
Sterling Infrastructure · STRL
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $1.4B | $1.8B | $2.0B | $2.1B | $2.5B |
| Revenue growth | 15.3% | 25.1% | 11.5% | 7.3% | 17.7% |
| Gross margin | 14.4% | 15.5% | 17.1% | 20.1% | 23.0% |
| Operating margin | 7.6% | 9.0% | 10.4% | 12.5% | 16.3% |
| Net income | $62.6M | $107M | $139M | $258M | $290M |
| Net margin | 4.4% | 6.0% | 7.0% | 12.2% | 11.7% |
| Diluted EPS | $2.15 | $3.48 | $4.44 | $8.27 | $9.38 |
| Cash | |||||
| Cash from operations | $159M | $219M | $479M | $497M | $440M |
| Capital expenditure | $46.7M | $60.9M | $64.4M | $81.0M | $77.3M |
| Free cash flow | $112M | $158M | $414M | $416M | $363M |
| FCF margin | 7.9% | 8.9% | 21.0% | 19.7% | 14.6% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $70.6M | $74.2M |
| Share count change | 3.2% | 5.0% | 2.1% | −0.2% | −0.6% |
| Debt and strength | |||||
| Cash and short-term investments | $60.9M | $182M | $472M | $664M | $391M |
| Debt incl. finance leases | $452M | $432M | $342M | $317M | $291M |
| Shareholders' equity | $359M | $475M | $619M | $808M | $1.1B |
| Net debt / EBITDA | 2.8x | 1.2x | −0.5x | −1.0x | −0.2x |
| Current ratio | 1.2x | 1.3x | 1.3x | 1.4x | 1.0x |
| Interest coverage | 6.2x | 8.3x | 7.6x | 11.3x | 22.8x |
| Returns and quality | |||||
| Return on capital | 11.4% | 15.5% | 25.0% | 40.6% | 40.8% |
| Return on equity | 20.0% | 25.6% | 25.4% | 36.1% | 30.3% |
| Piotroski F-score | 6 | 7 | 6 | 8 | 7 |
| Altman Z'' | 1.7 | 2.4 | 2.6 | 3.5 | 2.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$96.3M
5 insiders
Of sales under plans
98%
$94.1M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Sterling Infrastructure · STRL
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Sterling Infrastructure STRL | $11.2B | 17.7% | 16.3% | 14.6% | 40.8% | 26.0x | 7 |
| IES IESC | $4.4B | 16.9% | 11.4% | 6.5% | 50.5% | 9.6x | 6 |
| Tetra Tech TTEK | $9.6B | 4.7% | 7.5% | 8.1% | 11.2% | 22.4x | 6 |
| Dycom Industries DY | $6.9B | 18.0% | — | 7.2% | 10.9% | 20.9x | 6 |
| APi Group APG | $17.6B | 12.7% | 7.0% | 8.4% | 7.7% | — | 8 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $360.72 a share, the company is worth $11.2B: 26.0 times its earnings of the last four quarters.
Sterling Infrastructure grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 3 of 3.
Source: SEC EDGAR XBRL filings (CIK 0000874238). Data updated October 18, 2026. For information only — not investment advice. Check the original filings before relying on any figure.