STRL
$533.42+5.60%
as of close, Oct 2, 2026
☾ AH $533.42 +5.60%
Sterling Infrastructure Inc.Stock · IndustrialsNasdaq Composite 0.06%Russell 1000 0.04%Russell 3000 0.03%US Stock Market 0.03%
STRL financial statements
The full income statement, balance sheet, and cash-flow statement for Sterling Infrastructure Inc. (STRL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 30.7M2024-09 30.7M2024-12 30.6M2025-03 30.4M2025-06 30.4M2025-09 30.7M2025-12 30.6M2026-03 30.7M2026-06 30.6M-0.5% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 2.49B+17.7% | 2.12B+7.3% | 1.97B+11.5% | 1.77B+25.1% | 1.41B+15.3% | |
| 572M+34.3% | 426M+26.2% | 338M+23.0% | 275M+34.9% | 204M+13.3% | ||
| Cost of revenue | 1.92B+13.5% | 1.69B+3.4% | 1.63B+9.3% | 1.49B+23.5% | 1.21B+15.6% | |
| Selling, general & administrative | 155M+30.7% | 118M+20.0% | 98.7M+14.1% | 86.5M+25.1% | 69.2M+7.5% | |
| General & administrative | 155M+30.7% | 118M+20.0% | 98.7M+14.1% | 86.5M+25.1% | 69.2M+7.5% | |
| Amortization of intangibles | 22.2M+30.2% | 17.0M+11.9% | 15.2M+8.0% | 14.1M+23.0% | 11.5M+0.2% | |
| Operating income | 406M+53.4% | 265M+28.6% | 206M+28.7% | 160M+49.4% | 107M+15.5% | |
| Income tax | 98.8M+13.0% | 87.4M+82.9% | 47.8M+14.5% | 41.7M+67.7% | 24.9M+28.2% | |
| 290M+12.7% | 257M+85.7% | 139M+30.2% | 106M+69.9% | 62.6M+48.1% | ||
| Income from continuing operations | — | 257M+85.7% | 139M+43.4% | 96.7M+57.4% | 61.5M+42.5% | |
| Discontinued operations | — | 0.00 | 0.00-100.0% | 9.74M+720.2% | 1.19M+245.4% | |
| Net income to common | — | — | — | — | 62.6M+48.1% | |
| $9.38+13.4% | $8.27+86.3% | $4.44+27.6% | $3.48+61.9% | $2.15+43.3% | ||
| EPS (basic) | $9.50+13.8% | $8.35+85.1% | $4.51+27.8% | $3.53+61.2% | $2.19+44.1% | |
| Weighted-avg shares (basic) | 30.5M-0.9% | 30.8M+0.2% | 30.8M+1.8% | 30.2M+5.6% | 28.6M+2.7% | |
| Weighted-avg shares (diluted) | 30.9M-0.6% | 31.1M-0.2% | 31.2M+2.1% | 30.6M+5.0% | 29.1M+3.2% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.03B+1.2% | 1.02B+20.5% | 848M+42.0% | 597M+37.4% | 435M+20.2% | ||
| Cash & equivalents | 391M-41.2% | 664M+40.8% | 472M+159.8% | 182M+197.9% | 60.9M+27.9% | |
| Other current assets | 35.2M+102.8% | 17.4M-2.8% | 17.9M-38.7% | 29.1M+81.7% | 16.0M-1.6% | |
| 2.63B+30.6% | 2.02B+13.5% | 1.78B+23.3% | 1.44B+16.8% | 1.23B+29.6% | ||
| Operating lease right-of-use | 58.2M+10.4% | 52.7M-8.0% | 57.2M-3.7% | 59.4M+205.1% | 19.5M+17.9% | |
| Goodwill | 585M+121.2% | 265M-5.9% | 281M+7.0% | 263M+1.7% | 258M+34.5% | |
| Intangible assets | 555M+75.3% | 316M-3.7% | 328M+9.8% | 299M-1.4% | 303M+23.8% | |
| Other non-current assets | 17.2M+0.9% | 17.0M-9.4% | 18.8M+145.7% | 7.65M+71.8% | 4.46M-59.7% | |
| 1.02B+37.8% | 742M+9.4% | 678M+51.8% | 447M+27.0% | 352M+9.3% | ||
| Accounts payable | 227M+73.9% | 130M-10.7% | 146M+19.8% | 122M+8.1% | 113M+18.4% | |
| Deferred revenue | 652M+28.2% | 509M+14.6% | 444M+85.6% | 239M+101.6% | 119M+4.1% | |
| Short-term & current debt | 15.1M-42.7% | 26.4M-0.4% | 26.5M-18.7% | 32.6M+39.5% | 23.4M-69.8% | |
| Current lease liability | 18.7M-8.9% | 20.5M+4.4% | 19.6M-0.4% | 19.7M+200.7% | 6.56M-13.6% | |
| Other current liabilities | 46.8M+146.4% | 19.0M+34.5% | 14.1M+57.5% | 8.97M-50.4% | 18.1M+87.8% | |
| Finance lease liability (current) | 136K+7.1% | 127K-34.9% | 195K+31.8% | 148K+0.0% | 148K-21.3% | |
| 1.53B+28.3% | 1.19B+3.2% | 1.15B+19.7% | 964M+10.2% | 875M+27.9% | ||
| Long-term debt | 276M-4.8% | 290M-8.0% | 315M-21.0% | 399M-6.9% | 429M+47.1% | |
| Non-current lease liability | 40.2M+23.8% | 32.5M-14.0% | 37.7M-5.9% | 40.1M+206.9% | 13.1M+45.9% | |
| Operating lease liability (total) | 58.9M+11.2% | 53.0M-7.7% | 57.4M-4.1% | 59.8M+204.8% | 19.6M+18.6% | |
| Finance lease liability (total) | 372K-25.5% | 499K-28.0% | 693K+209.4% | 224K-39.8% | 372K-33.6% | |
| Finance lease liability | 236K-36.6% | 372K-25.3% | 498K+555.3% | 76.0K-66.1% | 224K-39.8% | |
| Deferred tax liabilities | 123M+12.6% | 109M+42.5% | 76.8M+48.6% | 51.7M+180.2% | 18.4M | |
| Other non-current liabilities | 65.7M+295.2% | 16.6M+0.3% | 16.6M+223.9% | 5.12M+6.2% | 4.82M-54.5% | |
| 1.11B+37.2% | 808M+30.6% | 619M+30.4% | 475M+32.3% | 359M+34.2% | ||
| Common stock | 315K+1.0% | 312K+1.0% | 309K+1.0% | 306K+2.7% | 298K+5.3% | |
| Additional paid-in capital | 366M+26.9% | 288M-1.8% | 294M+2.0% | 288M+2.7% | 280M+9.3% | |
| Retained earnings | 873M+49.8% | 582M+79.2% | 325M+74.4% | 186M+133.2% | 79.9M+362.7% | |
| Treasury stock | 131M+106.8% | 63.1M | 0.00 | — | 0.00-100.0% | |
| Accumulated other comprehensive income | — | — | — | 0.00+100.0% | -1.72M+67.3% | |
| Non-controlling interest | -2.08M-111.3% | 18.4M+272.4% | 4.94M+54.4% | 3.20M+119.2% | 1.46M+0.1% | |
| Total equity incl. non-controlling | 1.11B+33.9% | 826M+32.5% | 624M+30.6% | 478M+32.6% | 360M+34.0% | |
| Total liabilities & equity | 2.63B+30.6% | 2.02B+13.5% | 1.78B+23.3% | 1.44B+16.8% | 1.23B+29.6% | |
| Common shares issued | 31.5M+0.9% | 31.2M+0.8% | 30.9M+1.1% | 30.6M+2.5% | 29.8M+5.5% | |
| Common shares outstanding | 30.7M+0.0% | 30.7M-0.8% | 30.9M+1.1% | 30.6M+2.5% | 29.8M+5.9% | |
| Shares outstanding (cover) | 30.6M+0.1% | 30.6M-1.0% | 30.9M+1.1% | 30.6M+2.5% | 29.8M+5.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 440M-11.5% | 497M+3.9% | 479M+118.4% | 219M+37.9% | 159M+29.3% | ||
| Depreciation & amortization | 77.1M+12.7% | 68.4M+19.2% | 57.4M+10.3% | 52.1M+52.2% | 34.2M+4.3% | |
| Intangible amortization | 22.2M+30.2% | 17.0M+11.9% | 15.2M+8.0% | 14.1M+23.0% | 11.5M+0.2% | |
| Share-based compensation | 24.2M+27.2% | 19.0M+30.0% | 14.6M+14.9% | 12.7M+8.1% | 11.8M+1.1% | |
| Deferred income taxes | 13.6M-52.5% | 28.7M+126.0% | 12.7M-60.9% | 32.5M+52.1% | 21.4M+30.4% | |
| Change in receivables | — | — | — | — | 54.7M+540.0% | |
| Change in payables | 33.1M+454.7% | -9.34M-190.6% | 10.3M-13.3% | 11.9M-55.3% | 26.6M+162.8% | |
| -552M-197.0% | -186M-111.8% | -87.8M+2.2% | -89.8M+59.8% | -223M-632.8% | ||
| Capital expenditure | 77.3M-4.5% | 81.0M+25.7% | 64.4M+5.7% | 60.9M+30.6% | 46.7M+42.0% | |
| Free cash flow | 363M-12.8% | 416M+0.5% | 414M+161.8% | 158M+40.9% | 112M+24.7% | |
| Acquisitions | 482M+4197.7% | 11.2M-78.1% | 51.2M+184.3% | 18.0M-90.0% | 181M | |
| Proceeds from sale of PP&E | 5.72M-43.7% | 10.2M-26.4% | 13.8M+179.0% | 4.95M+20.3% | 4.11M+73.3% | |
| -162M-36.2% | -119M-13.5% | -105M-218.8% | -32.8M-140.7% | 80.6M+214.6% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 24.9M-6.3% | 26.5M-71.6% | 93.5M+300.0% | 23.4M-51.6% | 48.3M-37.9% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 74.2M+5.1% | 70.6M | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | 0.00+100.0% | -36.0K-125.0% | -16.0K | 0.00+100.0% | -4.00K-100.0% | |
| Net change in cash | -273M-242.0% | 193M-32.7% | 286M+196.5% | 96.6M+501.7% | 16.1M-27.3% | |
| Interest paid | 17.8M-23.7% | 23.4M-13.4% | 27.0M+39.8% | 19.3M+12.1% | 17.2M-36.0% | |
| Income taxes paid | 81.1M+52.8% | 53.1M+43.8% | 36.9M+558.8% | 5.60M+83.0% | 3.06M-35.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 9.38B+82.0% | 5.16B+90.1% | 2.71B+172.6% | 995M+26.8% | 785M+49.5% | |
| P/E | 32.3×+61.5% | 20.0×-3.9% | 20.8×+31.1% | 15.9×+26.8% | 12.5×+1.0% | |
| P/S | 3.8×+54.7% | 2.4×+73.9% | 1.4×+119.0% | 0.6×+15.3% | 0.6×+29.7% | |
| P/B | 8.5×+32.7% | 6.4×+36.5% | 4.7×+105.3% | 2.3×+4.0% | 2.2×+11.4% | |
| P/FCF | 25.9×+108.9% | 12.4×+59.8% | 7.8×-17.3% | 9.4×+34.0% | 7.0×+19.9% | |
| Earnings yield | 3.1%-38.1% | 5.0%+4.0% | 4.8%-23.7% | 6.3%-21.1% | 8.0%-0.9% | |
| FCF yield | 3.9%-52.1% | 8.1%-37.4% | 12.9%+20.9% | 10.7%-25.4% | 14.3%-16.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K/A |
About this data
Source: STRL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all STRL filings on SEC EDGAR → Not investment advice.