What is STRL revenue?

Sterling Infrastructure Inc. (STRL) reported $4.31B of revenue for the twelve months ended Sep 30, 2026. That is up 93.1% from the year before. Revenue for fiscal 2025 was $2.49B.

Yes. Sterling Infrastructure Inc. earned $574.94M in net income for the twelve months ended Sep 30, 2026, a net margin of 13.3%.

How much cash and debt does STRL have?

Sterling Infrastructure Inc. reported $216.94M in cash and cash equivalents and $95.27M of debt on its most recent balance sheet in SEC filings.

How fast is STRL revenue growing?

Sterling Infrastructure Inc.'s revenue changed +17.7% in fiscal 2025, to $2.49B. Its compound annual growth rate was +15.2% over 5 years and +14.8% over 10 years.

What is STRL gross margin?

Sterling Infrastructure Inc.'s gross profit was $1.03B on $4.31B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 23.8%.

What is STRL free cash flow?

Sterling Infrastructure Inc. generated $471.30M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $613.15M less capital expenditures.

What is STRL earnings per share?

Diluted earnings per share were $17.83 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did STRL last report financial results?

The latest statements here come from Sterling Infrastructure Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.

Financials · STRL

Sterling Infrastructure Inc. (STRL) financials

For the twelve months ended Sep 30, 2026, Sterling Infrastructure Inc. reported $4.31B of revenue and $574.94M of net income.

Revenue, TTM: $4.31B
Revenue growth, YoY: +93.1%
Net income, TTM: $574.94M
Net income growth, YoY: +75.8%
Net margin: 13.3%
Free cash flow, TTM: $471.30M
EPS, diluted, TTM: $17.83
EPS growth, YoY: +75.0%
Cash: $216.94M
Total debt: $95.27M
P/E: 15.36
P/S: 2.05
Market cap: $8.83B

Annual revenue$2.49B

FY2016FY2025

Annual net income$290.15M

FY2016FY2025

Annual free cash flow$362.68M

FY2016FY2025

STRL revenue and earnings growth

STRL revenueQ3 2026$1.56B

Quarter YoY: +127.0%
QoQ: +33.9%
FY YoY: +17.7%
5Y CAGR: +15.2%
10Y CAGR: +14.8%

STRL revenue was $1.56B in fiscal Q3 2026 (ended Sep 30, 2026), up 127.0% from a year earlier and up 33.9% from the prior quarter. For the full fiscal 2025 it was $2.49B, up 17.7% from fiscal 2024. Compound annual growth was +15.2% over 5 years and +14.8% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

STRL net incomeQ3 2026$214.93M

Quarter YoY: +133.4%
QoQ: +27.4%
FY YoY: +12.7%
5Y CAGR: +47.0%

STRL net income was $214.93M in fiscal Q3 2026 (ended Sep 30, 2026), up 133.4% from a year earlier and up 27.4% from the prior quarter. For the full fiscal 2025 it was $290.15M, up 12.7% from fiscal 2024. Compound annual growth was +47.0% over 5 years. It rose in each of the last 8 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

STRL EPSQ3 2026$6.92

Quarter YoY: +133.0%
QoQ: +38.4%
FY YoY: +13.4%
5Y CAGR: +44.3%

STRL diluted EPS was $6.92 in fiscal Q3 2026 (ended Sep 30, 2026), up 133.0% from a year earlier and up 38.4% from the prior quarter. For the full fiscal 2025 it was $9.38, up 13.4% from fiscal 2024. Compound annual growth was +44.3% over 5 years.

STRL free cash flowQ3 2026$53.26M

Quarter YoY: -16.7%
QoQ: -52.6%
FY YoY: -12.8%
5Y CAGR: +32.1%
10Y CAGR: +90.0%

STRL free cash flow was $53.26M in fiscal Q3 2026 (ended Sep 30, 2026), down 16.7% from a year earlier and down 52.6% from the prior quarter. For the full fiscal 2025 it was $362.68M, down 12.8% from fiscal 2024. Compound annual growth was +32.1% over 5 years and +90.0% over 10 years. It rose in 8 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$2.49B	$2.12B	$1.97B	$1.77B	$1.41B	$1.23B	$1.13B	$1.04B	$957.96M	$690.12M
Cost of revenue	$1.92B	$1.69B	$1.63B	$1.49B	$1.21B	$1.05B	$1.02B	$927.34M	$868.87M	$648.07M
Gross profit	$572.31M	$426.12M	$337.64M	$274.57M	$203.53M	$179.63M	$107.79M	$110.33M	$89.09M	$42.06M
Selling, general and admin	$154.81M	$118.42M	$98.70M	$86.48M	$69.15M	$64.31M	$49.20M	$48.22M	$46.55M	$36.84M
Operating income	$405.92M	$264.62M	$205.79M	$159.87M	$107.01M	$92.61M	$37.75M	$42.61M	$26.18M	-$4.73M
Pre-tax income	-	-	-	-	-	-	-	-	$15.94M	-$7.32M
Income tax	$98.75M	$87.36M	$47.77M	$41.71M	$24.87M	$19.41M	-$26.22M	$1.74M	$118.0K	$88.0K
Net income	$290.15M	$257.46M	$138.66M	$106.46M	$62.65M	$42.31M	$39.90M	$25.19M	$11.62M	-$9.24M
EPS, basic	$9.50	$8.35	$4.51	$3.53	$2.19	$1.52	$1.50	$0.94	$0.44	-$0.40
EPS, diluted	$9.38	$8.27	$4.44	$3.48	$2.15	$1.50	$1.47	$0.93	$0.43	-$0.40
Diluted shares	30.9M	31.1M	31.2M	30.6M	29.1M	28.2M	27.1M	27.2M	26.7M	23.1M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$390.72M	$664.20M	$471.56M	$185.26M	$88.69M	$72.64M	$50.56M	$97.95M	$83.95M	$42.78M
Inventory	-	-	-	-	-	-	-	$3.16M	$4.62M	$3.71M
Current assets	$1.03B	$1.02B	$847.98M	$597.25M	$434.69M	$361.54M	$330.27M	$302.62M	$278.53M	$175.91M
Goodwill	$585.22M	$264.60M	$281.12M	$262.69M	$258.29M	$192.01M	$191.89M	$85.23M	$85.23M	$54.82M
Total assets	$2.63B	$2.02B	$1.78B	$1.44B	$1.23B	$952.69M	$934.69M	$482.57M	$463.30M	$301.82M
Current liabilities	$1.02B	$741.96M	$678.17M	$446.61M	$351.76M	$321.88M	$266.25M	$179.17M	$182.29M	$146.59M
Short-term debt	$15.15M	$26.42M	$26.52M	$32.61M	$23.37M	$77.43M	$42.47M	$2.90M	$3.98M	$3.85M
Long-term debt	$275.90M	$289.90M	$315.00M	$398.74M	$428.51M	$291.25M	$390.63M	$79.12M	$86.16M	$1.55M
Total debt	$291.05M	$316.32M	$341.52M	$431.35M	$451.88M	$368.68M	$433.10M	$82.02M	$90.14M	$5.39M
Total liabilities	$1.53B	$1.19B	$1.15B	$963.82M	$874.55M	$683.97M	$713.48M	$310.31M	$317.11M	$193.73M
Shareholders' equity	$1.11B	$826.48M	$623.85M	$477.80M	$360.23M	$268.73M	$221.21M	$172.26M	$146.19M	$108.09M

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$439.99M	$497.10M	$478.58M	$219.12M	$158.93M	$122.90M	$42.07M	$39.47M	$24.77M	$44.27M
Capital expenditures	$77.31M	$80.95M	$64.38M	$60.91M	$46.65M	$32.86M	$15.40M	$13.17M	$9.42M	$10.89M
Free cash flow	$362.68M	$416.15M	$414.20M	$158.21M	$112.28M	$90.03M	$26.67M	$26.30M	$15.35M	$33.39M
Investing cash flow	-$551.92M	-$185.85M	-$87.75M	-$89.75M	-$223.45M	-$30.49M	-$410.39M	-$11.38M	-$55.90M	-$8.17M
Financing cash flow	-$161.54M	-$118.62M	-$104.53M	-$32.79M	$80.57M	-$70.33M	$320.93M	-$17.95M	$72.30M	$2.26M
Share repurchases	$74.20M	$70.60M	$0	$0	$0	$0	$3.20M	$4.73M	$0	$0
Stock-based compensation	$24.18M	$19.00M	$14.62M	$12.73M	$11.77M	$11.64M	$3.79M	$3.06M	$2.84M	$1.81M
Depreciation and amortization	$77.11M	$68.41M	$57.40M	$52.07M	$34.20M	$32.78M	$20.74M	$16.77M	$16.99M	$15.70M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	17.7%	7.3%	11.5%	25.1%	15.3%	8.9%	8.5%	8.3%	38.8%	10.7%
Net income growth, YoY	12.7%	85.7%	30.2%	69.9%	48.1%	6.0%	58.4%	116.8%	-	-
EPS growth, YoY	13.4%	86.3%	27.6%	61.9%	43.3%	2.0%	58.1%	116.3%	-	-
Gross margin	23.0%	20.1%	17.1%	15.5%	14.4%	14.6%	9.6%	10.6%	9.3%	6.1%
Operating margin	16.3%	12.5%	10.4%	9.0%	7.6%	7.5%	3.4%	4.1%	2.7%	-0.7%
Net margin	11.7%	12.2%	7.0%	6.0%	4.4%	3.4%	3.5%	2.4%	1.2%	-1.3%
Free cash flow margin	14.6%	19.7%	21.0%	8.9%	7.9%	7.3%	2.4%	2.5%	1.6%	4.8%
Return on equity	26.2%	31.2%	22.2%	22.3%	17.4%	15.7%	18.0%	14.6%	7.9%	-8.5%
Return on assets	11.0%	12.8%	7.8%	7.4%	5.1%	4.4%	4.3%	5.2%	2.5%	-3.1%
Current ratio	1.01	1.38	1.25	1.34	1.24	1.12	1.24	1.69	1.53	1.20
Debt to equity	0.26	0.38	0.55	0.90	1.25	1.37	1.96	0.48	0.62	0.05

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$1.56B	$1.17B	$825.67M	$755.61M	$689.02M	$614.47M	$430.95M	$498.83M	$593.74M	$582.82M	$440.36M	$485.98M
Cost of revenue	$1.19B	$878.22M	$631.38M	$591.50M	$518.80M	$471.33M	$336.11M	$392.16M	$463.94M	$470.08M	$363.46M	$394.22M
Gross profit	$377.28M	$289.96M	$194.30M	$164.12M	$170.22M	$143.14M	$94.84M	$106.68M	$129.80M	$112.74M	$76.90M	$91.75M
Selling, general and admin	$61.36M	$53.13M	$47.85M	$48.61M	$37.59M	$33.99M	$34.63M	$32.60M	$30.67M	$27.86M	$27.30M	$26.11M
Operating income	$306.84M	$219.26M	$137.81M	$119.97M	$125.31M	$104.56M	$56.08M	$62.27M	$87.49M	$72.73M	$42.13M	$55.77M
Income tax	$76.06M	$51.32M	$33.67M	$25.79M	$30.52M	$27.36M	$15.08M	$38.40M	$23.40M	$17.95M	$7.60M	$12.34M
Net income	$214.93M	$168.65M	$103.77M	$87.60M	$92.09M	$79.11M	$42.59M	$113.21M	$61.32M	$54.57M	$33.76M	$40.17M
EPS, basic	$7.02	$5.08	$3.13	$2.86	$3.02	$2.33	$1.29	$3.67	$2.00	$1.68	$1.00	$1.31
EPS, diluted	$6.92	$5.00	$3.09	$2.82	$2.97	$2.31	$1.28	$3.63	$1.97	$1.67	$1.00	$1.27
Diluted shares	31.1M	31.1M	31.0M	-	31.0M	30.8M	30.9M	-	31.1M	31.1M	31.2M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$216.94M	$464.45M	$511.86M	$390.72M	$306.39M	$699.37M	$638.65M	$664.20M	$648.13M	$539.99M	$480.41M	$471.56M
Current assets	$1.65B	$1.43B	$1.19B	$1.03B	$963.15M	$1.13B	$997.73M	$1.02B	$1.08B	$1.02B	$878.86M	$847.98M
Goodwill	$628.05M	$616.23M	$584.82M	$585.22M	$580.56M	$283.66M	$283.66M	$264.60M	$281.36M	$281.36M	$281.36M	$281.12M
Total assets	$3.48B	$3.19B	$2.78B	$2.63B	$2.56B	$2.16B	$2.03B	$2.02B	$2.02B	$1.96B	$1.82B	$1.78B
Current liabilities	$1.59B	$1.29B	$1.08B	$1.02B	$966.79M	$796.23M	$756.77M	$741.96M	$839.04M	$820.86M	$705.72M	$678.17M
Short-term debt	$143.0K	$15.14M	$15.14M	$15.15M	$15.15M	$15.16M	$26.42M	$26.42M	$26.43M	$26.43M	$26.47M	$26.52M
Long-term debt	$95.13M	$268.73M	$272.32M	$275.90M	$279.48M	$283.05M	$283.60M	$289.90M	$296.19M	$302.46M	$308.72M	$315.00M
Total debt	$95.27M	$283.88M	$287.46M	$291.05M	$294.63M	$298.21M	$310.02M	$316.32M	$322.61M	$328.89M	$335.19M	$341.52M
Total liabilities	$1.93B	$1.80B	$1.59B	$1.53B	$1.48B	$1.25B	$1.21B	$1.19B	$1.29B	$1.28B	$1.17B	$1.15B
Shareholders' equity	$1.51B	$1.39B	$1.20B	$1.11B	$1.08B	$911.37M	$826.93M	$826.48M	$730.94M	$681.01M	$652.22M	$623.85M

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$99.07M	$162.45M	$165.57M	$186.05M	$83.63M	$85.43M	$84.88M	$174.27M	$152.27M	$120.97M	$49.59M	$147.37M
Capital expenditures	$45.81M	$50.02M	$19.63M	$26.39M	$19.66M	$13.34M	$17.92M	$15.64M	$14.00M	$28.88M	$22.43M	$15.13M
Free cash flow	$53.26M	$112.44M	$145.94M	$159.66M	$63.97M	$72.09M	$66.96M	$158.62M	$138.27M	$92.09M	$27.16M	$132.23M
Investing cash flow	-$69.75M	-$188.81M	-$17.68M	-$20.86M	-$464.59M	-$12.27M	-$54.21M	-$123.55M	-$16.92M	-$24.33M	-$21.05M	-$62.12M
Financing cash flow	-$276.84M	-$21.05M	-$26.75M	-$80.87M	-$12.02M	-$12.44M	-$56.22M	-$34.65M	-$27.21M	-$37.06M	-$19.69M	-$23.09M
Share repurchases	$72.01M	$22.98M	$12.28M	$25.65M	$4.70M	$0	$43.85M	$20.00M	$20.45M	$30.14M	$0	$0
Stock-based compensation	$11.16M	$8.14M	$7.50M	$5.94M	$5.96M	$5.59M	$6.68M	$5.25M	$4.37M	$4.80M	$4.59M	$3.65M
Depreciation and amortization	$27.82M	$24.98M	$23.03M	$22.59M	$19.91M	$17.62M	$16.99M	$17.86M	$17.36M	$16.93M	$16.26M	$14.87M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	127.0%	90.1%	91.6%	51.5%	16.0%	5.4%	-2.1%	2.6%	6.0%	11.6%	9.1%	8.3%
Net income growth, YoY	133.4%	113.2%	143.6%	-22.6%	50.2%	45.0%	26.2%	181.8%	55.8%	35.7%	68.5%	26.6%
EPS growth, YoY	133.0%	116.5%	141.4%	-22.3%	50.8%	38.3%	28.0%	185.8%	56.3%	31.5%	56.3%	25.7%
Gross margin	24.1%	24.8%	23.5%	21.7%	24.7%	23.3%	22.0%	21.4%	21.9%	19.3%	17.5%	18.9%
Operating margin	19.6%	18.8%	16.7%	15.9%	18.2%	17.0%	13.0%	12.5%	14.7%	12.5%	9.6%	11.5%
Net margin	13.7%	14.4%	12.6%	11.6%	13.4%	12.9%	9.9%	22.7%	10.3%	9.4%	7.7%	8.3%
Free cash flow margin	3.4%	9.6%	17.7%	21.1%	9.3%	11.7%	15.5%	31.8%	23.3%	15.8%	6.2%	27.2%
Current ratio	1.04	1.11	1.10	1.01	1.00	1.42	1.32	1.38	1.29	1.24	1.25	1.25
Debt to equity	0.06	0.20	0.24	0.26	0.27	0.33	0.37	0.38	0.44	0.48	0.51	0.55

Source: XBRL data Sterling Infrastructure Inc. files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

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FERFerrovial N.V.	€9.63B	+5.2%	€888.00M	9.2%	$43.88B
RKLBRocket Lab Corporation	$881.90M	+59.0%	-$226.88M	-25.7%	$39.37B
ESLTElbit Systems Ltd.	$7.94B	+16.3%	$534.34M	6.7%	$34.42B
JJacobs Solutions Inc.	$14.22B	+20.1%	$338.43M	2.4%	$18.39B
TTEKTetra Tech Inc.	$5.07B	-7.6%	$435.98M	8.6%	$10.41B

STRL FAQ

9 questions

What is STRL revenue?
Sterling Infrastructure Inc. (STRL) reported $4.31B of revenue for the twelve months ended Sep 30, 2026. That is up 93.1% from the year before. Revenue for fiscal 2025 was $2.49B.
Is STRL profitable?
Yes. Sterling Infrastructure Inc. earned $574.94M in net income for the twelve months ended Sep 30, 2026, a net margin of 13.3%.
How much cash and debt does STRL have?
Sterling Infrastructure Inc. reported $216.94M in cash and cash equivalents and $95.27M of debt on its most recent balance sheet in SEC filings.
How fast is STRL revenue growing?
Sterling Infrastructure Inc.'s revenue changed +17.7% in fiscal 2025, to $2.49B. Its compound annual growth rate was +15.2% over 5 years and +14.8% over 10 years.
What is STRL gross margin?
Sterling Infrastructure Inc.'s gross profit was $1.03B on $4.31B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 23.8%.
What is STRL free cash flow?
Sterling Infrastructure Inc. generated $471.30M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $613.15M less capital expenditures.
What is STRL earnings per share?
Diluted earnings per share were $17.83 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did STRL last report financial results?
The latest statements here come from Sterling Infrastructure Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
Where does this STRL financial data come from?
Quantisnow builds these statements from the structured XBRL data Sterling Infrastructure Inc. files with the SEC. It is provided for information only and is not investment advice.