STERLING INFRASTRUCTURE, INC.

STRL

STERLING INFRASTRUCTURE, INC.

STRL

Insider Sentiment (TTM):

Last Purchase:2025-02-28Last Sale:2026-06-25Shares Purchased (TTM):0Shares Sold (TTM):161,912

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:26,451,075Shares Outstanding:30,652,000Institutional Ownership Pct.:86.29%

Earnings Market Reaction:

Filing Date:2026-05-05Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Companies in Heavy Construction Other Than Bldg Const - Contractors

J FLR ROAD GVA KBR MWH

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	512	391	306	699	639	664	648	540	480	472	409	278
Receivables Long Term Contracts Or Programs	514	501	496	348	286	247	330	375	274	252	326	296
Capitalized Contract Cost Gross	132	101	103	52	49	55	80	77	88	89	107	115
Nontrade Receivables Current	-	0	0	3	0	32	-	-	-	0	-	-
Other Assets Current	30	35	53	23	18	17	18	20	18	18	18	15
Assets Current	1,195	1,034	963	1,132	998	1,022	1,084	1,017	879	848	876	716
Property Plant And Equipment And Finance Lease Rig…	284	278	268	245	245	237	271	268	259	244	231	228
Equity Method Investments	100	106	109	109	109	107	-	-	-	0	-	-
Operating Lease Right Of Use Asset	54	58	64	44	48	53	55	59	55	57	58	61
Goodwill	585	585	581	284	284	265	281	281	281	281	263	263
Intangible Assets Net Excluding Goodwill	548	555	562	329	334	316	316	320	324	328	288	292
Other Assets Noncurrent	17	17	16	17	17	17	18	19	19	19	8	8
Assets	2,784	2,634	2,562	2,161	2,035	2,017	2,024	1,965	1,817	1,777	1,724	1,567
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	234	227	198	159	129	130	160	164	135	146	150	141
Contract With Customer Liability Current	696	652	616	553	534	509	564	556	485	444	432	336
Long Term Debt Current	15	15	15	15	26	26	26	26	26	27	35	35
Operating Lease Liability Current	16	19	21	18	19	20	20	20	19	20	18	18
Employee Related Liabilities Current	51	63	62	37	25	37	43	30	20	28	36	25
Other Liabilities Current	71	47	54	14	23	19	26	25	20	14	14	13
Liabilities Current	1,084	1,022	967	796	757	742	839	821	706	678	686	568
Long Term Debt Noncurrent	272	276	279	283	284	290	296	302	309	315	322	329
Operating Lease Liability Noncurrent	39	40	44	27	29	32	35	39	36	38	40	43
Deferred Income Tax Liabilities Net	125	123	119	115	110	109	83	80	78	77	62	58
Other Liabilities Noncurrent	69	66	69	29	28	17	16	17	17	17	6	6
Liabilities	1,588	1,527	1,477	1,250	1,208	1,190	1,293	1,284	1,165	1,153	1,138	1,025
Stockholders Equity
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	367	366	370	288	283	288	296	291	288	294	295	292
Treasury Stock Value	-147	-131	-104	-99	-100	-63	-49	-29	-	0	-	-
Retained Earnings Accumulated Deficit	969	873	785	693	622	582	469	408	356	325	285	246
Stockholders Equity	1,190	1,106	1,051	882	805	826	717	681	652	619	580	538
Minority Interest	6	-2	34	30	22	18	14	10	8	5	5	4
Liabilities And Stockholders Equity	2,784	2,634	2,562	2,161	2,035	2,017	2,024	1,965	1,817	1,777	1,724	1,567
Variable Interest Entity Primary Beneficiary	105	76	-8	47	100	98	13	12	45	24	-0	3
Treasury Stock Common	-	1	-	-	-	1	-	-	-	0	-	-
Treasury Stock Common Shares	1	-	1	1	1	-	0	0	-	-	-	-
Shares Outstanding	31	31	31	30	30	31	31	31	31	31	31	31
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	58	58	58	58	58	58	58	58	58	58	58	58
Common Stock Shares Issued	31	31	31	31	31	31	31	31	31	31	31	31

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	6.80%	-0.15%	-18.00%	-	-	-	-	-	-	-	-	-
2025	9.34%	34.64%	55.94%	-6.09%	15.35%	27.82%	-10.00%	-17.26%	-8.15%	-7.32%	6.99%	95.88%
2024	0.71%	-3.00%	-5.51%	12.60%	34.96%	41.93%	11.55%	-1.03%	7.45%	3.66%	14.82%	54.36%
2023	-	-	-	9.99%	-2.78%	-6.22%	3.49%	40.31%	19.88%	5.47%	-9.09%	21.31%
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Performance and Valuation Metrics

Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Liquidity Ratios
Current Ratio	1.10	1.01	1.00	1.42	1.32	1.38	1.29	1.24	1.25	1.25	1.28	1.26
Quick Ratio	1.10	1.01	1.00	1.42	1.32	1.38	1.29	1.24	1.25	1.25	1.28	1.26
Working Capital	110.94M	12.01M	-3.65M	336.07M	240.97M	279.92M	244.61M	195.91M	173.14M	169.81M	190.13M	148.04M
Leverage & Debt
Debt to Equity	1.34	1.38	1.41	1.42	1.50	1.44	1.80	1.88	1.79	1.85	1.96	1.91
Debt Ratio	0.57	0.58	0.58	0.58	0.59	0.59	0.64	0.65	0.64	0.65	0.66	0.65
Efficiency & Turnover
Asset Turnover TTM	1.20	1.07	0.97	1.04	1.09	1.12	1.12	1.17	1.24	1.23	1.20	1.28
Per Share Metrics
Diluted EPS TTM	11.17	9.38	10.38	9.44	8.61	8.27	6.12	5.27	4.80	4.44	4.17	3.91
Free Cash Flow Per Share TTM	14.41	11.87	11.85	14.34	14.93	13.50	12.68	12.65	13.12	13.47	11.36	9.34
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	23.29%	22.98%	23.05%	22.19%	21.08%	20.14%	19.55%	18.04%	17.56%	17.12%	16.27%	16.19%
Operating Profit Margin TTM	16.90%	16.30%	15.59%	14.52%	13.23%	12.51%	12.27%	11.01%	10.72%	10.43%	9.67%	9.61%
Net Profit Margin TTM	12.02%	11.65%	14.39%	13.58%	12.62%	12.17%	9.04%	7.92%	7.45%	7.03%	6.73%	6.48%
Growth Metrics
Net Revenue Growth (1Y)	36.96%	17.69%	6.20%	3.31%	4.84%	7.28%	8.69%	10.81%	11.18%	11.46%	12.35%	10.34%
Net Income Growth (1Y)	30.37%	12.70%	69.10%	77.08%	77.66%	85.68%	45.85%	35.42%	39.55%	30.24%	46.40%	51.43%
EPS Growth (1Y)	29.92%	13.76%	70.29%	80.03%	80.16%	85.23%	46.16%	34.84%	37.93%	27.89%	43.92%	48.70%
Valuation Metrics
P/E TTM	36.01	32.23	32.26	24.16	13.01	20.17	23.45	22.31	22.83	19.50	17.37	14.18
P/B TTM	10.49	8.45	9.86	7.96	4.29	6.28	6.22	5.37	5.24	4.33	3.90	3.19
P/S TTM	4.33	3.76	4.64	3.28	1.64	2.45	2.12	1.77	1.70	1.37	1.17	0.92
Market Cap	12.48B	9.35B	10.37B	7.02B	3.46B	5.19B	4.46B	3.66B	3.42B	2.70B	2.26B	1.72B
Enterprise Value	12.26B	9.25B	10.35B	6.61B	3.13B	4.85B	4.13B	3.45B	3.27B	2.57B	2.21B	1.80B
Calculated Values
Free Cash Flow TTM	441.66M	362.68M	361.64M	435.95M	455.95M	416.15M	389.76M	391.21M	406.53M	414.21M	349.84M	287.43M
Net Debt	-224.40M	-99.67M	-11.76M	-401.16M	-328.63M	-347.87M	-325.52M	-211.10M	-145.22M	-130.05M	-52.67M	86.23M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-25Sale

Owner: Wolf, Mark D.

Title: General Counsel, Corporate Sec

Shares: 2,500

Price/Share: $888.00

Value: $2,220,000.00

Shares Owned: 28,137

Relationship: Officer

Ownership: Direct

2026-04-23Sale

Owner: Cutillo, Joseph A

Title: Chief Executive Officer

Shares: 50,000

Price/Share: $497.57

Value: $24,878,500.00

Shares Owned: 290,593

Relationship: Officer

Ownership: Direct

2026-03-25Sale

Owner: Cutillo, Joseph A

Title: Chief Executive Officer

Shares: 50,000

Price/Share: $453.48

Value: $22,674,000.00

Shares Owned: 340,593

Relationship: Officer

Ownership: Direct

2026-03-12Sale

Owner: Wilson, Dwayne Andree

Title: -

Shares: 1,260

Price/Share: $405.95

Value: $511,497.00

Shares Owned: 12,289

Relationship: Director

Ownership: Direct

2026-03-10Sale

Owner: Cutillo, Joseph A

Title: Chief Executive Officer

Shares: 47,592

Price/Share: $416.21

Value: $19,808,266.32

Shares Owned: 390,593

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-25	Wolf, Mark D.	Officer	General Counsel, Corporate Sec	Direct	Sale	2,500	888.00	$2,220,000.00	28,137	4
2026-04-23	Cutillo, Joseph A	Officer	Chief Executive Officer	Direct	Sale	50,000	497.57	$24,878,500.00	290,593	4
2026-03-25	Cutillo, Joseph A	Officer	Chief Executive Officer	Direct	Sale	50,000	453.48	$22,674,000.00	340,593	4
2026-03-12	Wilson, Dwayne Andree	Director	-	Direct	Sale	1,260	405.95	$511,497.00	12,289	4
2026-03-10	Cutillo, Joseph A	Officer	Chief Executive Officer	Direct	Sale	47,592	416.21	$19,808,266.32	390,593	4
2026-03-09	Dill, Julie	Director	-	Direct	Sale	4,500	384.28	$1,729,260.00	17,853	4
2026-03-05	Wilson, Dwayne Andree	Director	-	Direct	Sale	1,200	412.36	$494,832.00	13,549	4
2026-02-09	O'Brien, Dana C.	Director	-	Direct	Sale	2,000	410.00	$820,000.00	11,498	4
2026-01-16	Wilson, Dwayne Andree	Director	-	Direct	Sale	2,860	350.00	$1,001,000.00	14,749	4
2025-06-24	Wolf, Mark D.	Officer	General Counsel, Corporate Sec	Direct	Sale	3,500	225.87	$790,545.00	29,315	4
2025-06-16	O'Brien, Dana C.	Director	-	Direct	Sale	10,154	206.58	$2,097,613.32	16,498	4
2025-02-28	Cutillo, Joseph A	Officer	Chief Executive Officer	Direct	Purchase	8,120	124.32	$1,009,478.40	473,147	4
2025-02-26	Wolf, Mark D.	Officer	General Counsel, Corporate Sec	Direct	Sale	2,563	122.16	$313,096.08	32,815	4
2024-12-18	O'Brien, Dana C.	Director	-	Direct	Sale	2,000	175.89	$351,780.00	25,901	4
2024-09-19	Ballschmiede, Ronald A	Officer	EVP	Direct	Sale	18,700	143.59	$2,685,133.00	248,471	4
2024-04-02	Cutillo, Joseph A	Officer	Chief Executive Officer	Direct	Sale	19,674	105.57	$2,076,984.18	428,459	4
2024-04-01	Cutillo, Joseph A	Officer	Chief Executive Officer	Direct	Sale	20,000	109.78	$2,195,600.00	448,133	4
2024-03-27	Cutillo, Joseph A	Officer	Chief Executive Officer	Direct	Sale	38,322	112.81	$4,323,104.82	488,133	4
2024-03-25	Ballschmiede, Ronald A	Officer	EVP & CFO	Direct	Sale	3,289	113.52	$373,367.28	267,171	4
2024-03-22	Cutillo, Joseph A	Officer	Chief Executive Officer	Direct	Sale	40,713	111.74	$4,549,270.62	606,455	4
2024-03-21	Wolf, Mark D.	Officer	General Counsel, Corporate Sec	Direct	Sale	1,500	110.90	$166,350.00	29,548	4
2024-03-20	Ballschmiede, Ronald A	Officer	EVP & CFO	Direct	Sale	13,000	109.66	$1,425,580.00	270,460	4
2024-03-15	Ballschmiede, Ronald A	Officer	EVP & CFO	Direct	Sale	6,000	109.50	$657,000.00	283,460	4
2024-03-11	Wolf, Mark D.	Officer	General Counsel, Corporate Sec	Direct	Sale	4,000	108.16	$432,640.00	31,048	4
2024-02-27	Wolf, Mark D.	Officer	General Counsel, Corporate Sec	Direct	Sale	4,134	106.22	$439,113.48	35,048	4
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Institutional Ownership

No data available for chart

2026-03-31

86.29%

Inst. Shares: 26,451,075

Shares Outstanding: 30,652,000

2025-12-31

87.73%

Inst. Shares: 26,795,480

Shares Outstanding: 30,542,000

2025-09-30

95.61%

Inst. Shares: 29,178,899

Shares Outstanding: 30,519,000

2025-06-30

96.00%

Inst. Shares: 29,192,946

Shares Outstanding: 30,408,000

2025-03-31

82.12%

Inst. Shares: 25,086,608

Shares Outstanding: 30,547,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	26,451,075	30,652,000	86.29%
2025-12-31	26,795,480	30,542,000	87.73%
2025-09-30	29,178,899	30,519,000	95.61%
2025-06-30	29,192,946	30,408,000	96.00%
2025-03-31	25,086,608	30,547,000	82.12%
2024-12-31	25,012,116	30,830,000	81.13%
2024-09-30	24,490,268	30,735,000	79.68%
2024-06-30	24,690,288	30,914,000	79.87%
2024-03-31	23,191,917	30,977,000	74.87%
2023-12-31	21,793,435	30,755,000	70.86%
2023-09-30	21,663,377	30,800,000	70.34%
2023-06-30	23,102,187	30,780,000	75.06%
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STERLING INFRASTRUCTURE, INC. (STRL) — SEC Financial Statements & Analysis

STERLING INFRASTRUCTURE, INC. (STRL) is a heavy construction other than bldg const - contractors company, incorporated in DE. STERLING INFRASTRUCTURE, INC. trades on STRL: Nasdaq as: STRL. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), STERLING INFRASTRUCTURE, INC. reported a 36.96% year-over-year revenue growth, a Gross Profit Margin of 23.29% (TTM), a Debt-to-Equity ratio of 1.34x, a Price-to-Sales (P/S) ratio of 4.33x (TTM), a Price-to-Book (P/B) ratio of 10.49 (TTM), at a market cap of $12.48B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 36.96%
Gross Profit Margin TTM: 23.29%
Debt To Equity: 1.34x
P/S TTM: 4.33x
P/B TTM: 10.49
Market Cap: $12.48B

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is STERLING INFRASTRUCTURE, INC. in?

STERLING INFRASTRUCTURE, INC. (STRL) operates in the Heavy Construction Other Than Bldg Const - Contractors industry.

What is STRL's market cap?

STERLING INFRASTRUCTURE, INC. (STRL) has a market capitalization of $12.48B as of 2026-03-31.

What is STRL's P/E ratio?

STERLING INFRASTRUCTURE, INC. (STRL)'s trailing twelve month P/E ratio is 36.01x as of 2026-03-31.

What exchange does STRL trade on?

STERLING INFRASTRUCTURE, INC. (STRL) trades on the STRL: Nasdaq.

Where is STERLING INFRASTRUCTURE, INC. incorporated?

STERLING INFRASTRUCTURE, INC. is incorporated in DE.

STERLING INFRASTRUCTURE, INC. (STRL) — SEC Financial Statements & Analysis

Frequently Asked Questions

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