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MARKETS / NASDAQ / STRL
NASDAQ · HEAVY CONSTRUCTION OTHER THAN BLDG CONST - CONTRACTORS · LARGE CAP

Sterling Infrastructure, Inc. STRL

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.5B
▲ 17.7% YoY
$290.2M
▲ 12.7% YoY
$362.7M
▼ 12.8% YoY
In brief

What this company does

Sterling Infrastructure 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. At December 31, 2025, the Company had approximately 4,400 employees, comprised of approximately 1,200 salaried employees and approximately 3,200 hourly employees. The Company's operations consist of three reportable segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions. E-Infrastructure Solutions provides large-scale site development services and electrical services for data centers, semiconductor fabrication, manufacturing, distribution centers, warehousing, and power generation. 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. The value of its Backlog was $3.01 billion at December 31, 2025.

Written from the business description in Sterling Infrastructure, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 2.5B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.5 · Net income 0.3
1B2B200920112013201520172019202120232025
Compound annual growth
+12.1%
+15.2%
+14.8%
+11.9%
+39.7%
+47.0%
+19.9%
+39.2%
+44.3%
+15.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +15.2% a year over five years — but profit grew faster: net income at +47.0%, earnings per share at +44.3%.

The share count rose from 0.03B to 0.03B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
12 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 16.3% · Net 12.4%
5%10%15%-5%-10%200920112013201520172019202120232025
ROE
FY2025 · ROE 30.3%
10%20%30%-20%-40%200920112013201520172019202120232025

Each USD of equity produced 30 cents of profit this year.

Cash & shareholders
USD 74.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 362.7
200M400M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 74.2
25.0M50.0M-20.0M-40.0M2009201120172019202120232025

USD 74.2M in buybacks — 26% of the year's profit went back to shareholders.

Total assetsUSD 2.6B
EquityUSD 1.1B
CashUSD 390.7M
Gross debtUSD 291.0M
Net debtUSD -99.7M
Current ratio1.01×

The company holds more cash than debt.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B2.52.12.01.81.41.21.11.01.00.70.60.70.60.60.50.50.4
Operating income $B0.40.30.20.20.10.10.00.00.0−0.0−0.0−0.0−0.10.0−0.10.00.0
EBITDA $B0.50.30.30.20.10.10.10.10.00.00.00.0−0.10.0−0.00.10.1
Income tax $B0.10.10.00.00.00.0−0.00.00.00.00.00.00.0−0.0−0.00.00.0
Net income $B0.30.30.10.10.10.00.00.00.0−0.0−0.0−0.0−0.1−0.0−0.00.00.0
Free cash flow $B0.40.40.40.20.10.10.00.00.00.00.0−0.0−0.0−0.0−0.00.00.0
EPS, diluted $9.388.274.443.482.151.501.470.930.43−0.40−2.02−0.54−4.91−0.26−2.241.131.71
Dividend / sh $·················
Payout %·················
ROE %30.336.125.425.520.017.4··9.3−9.1−17.8−7.4−43.6−0.1−15.57.6·
Shares out B0.030.030.030.030.030.030.030.03·········

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 1 failures · 2 divergences in 83 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 2 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures2 divergent
ActivityHeavy Construction Other Than Bldg Const - Contractors
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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