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Sterling Infrastructure, Inc.

STRL NASDAQ Categories PDF
Industrials · Engineering & Construction · United States · Updated May 11, 1:51pm
$851.36
Price
$26.1B
Market Cap
3,200
Employees
1.64
Beta
Joseph A. Cutillo
CEO
Business Description

Sterling Infrastructure, Inc. engages in the transportation, e-infrastructure, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads. The company also provides specialty site infrastructure improvement contracting services for blue-chip end users in the e-commerce, data center, distribution center and warehousing, and energy sectors. In addition, it undertakes residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs, and other concrete work for national home builders, regional and custom home builders, and developers and general contractors in commercial markets. The company was formerly known as Sterling Construction Company, Inc. and changed its name to Sterling Infrastructure, Inc. in June 2022. Sterling Infrastructure, Inc. was founded in 1955 and is headquartered in The Woodlands, Texas.

Business History
Price Overview
Last updated: May 11, 2026 1:51pm (just now)
$850.82
+6.02 (+0.71%)
Day Range
$842.25 – $875.00
52-Week Range
$176.15 – $888.95
50-Day MA
$471.71
200-Day MA
$371.23
Volume
281,574.09
Analyst Price Targets
Low $413.00
Consensus $574.50
High $889.00
(7 analysts)
Share Structure
Outstanding 30,685,953.00
Float 29,983,014.00
Free Float 97.7%
High free float — 97.7% of shares trade freely, ~2.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
75.23
Stock Price: $851.36
EPS (Diluted): 9.50
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
8.44
Stock Price: $851.36
Total Equity: $1.11B
Shares: 30,947,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
43.97
Market Cap: $26.12B
Total Debt: $349.91M
Cash: $390.72M
EBITDA: $505.38M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$25.9B
Market Cap: $26.12B
Total Debt: $349.91M
Cash: $390.72M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
22.1%
Gross Profit: $550.13M
Revenue: $2.49B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
16.6%
Operating Income: $414.24M
Revenue: $2.49B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
11.7%
Net Income: $290.15M
Revenue: $2.49B
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
32.8%
Net Income: $290.15M
Total Equity: $1.11B
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
21.5%
Operating Income: $414.24M
Tax Rate: 24.2%
Equity: $1.11B
Total Debt: $349.91M
Cash: $390.72M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.10
Current Assets: $1.03B
Current Liabilities: $1.02B
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.32
Short-Term Debt: $33.83M
Long-Term Debt: $316.09M
Total Debt: $349.91M
Total Equity: $1.11B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$80.46
Revenue: $2.49B
Shares: 30,947,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$35.82
Total Equity: $1.11B
Shares: 30,947,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$11.72
Operating CF: $439.99M
CapEx: -$77.31M
Shares: 30,947,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $851.36
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $290.15M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares STRL against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $1.4B $1.8B $2.0B $2.1B $2.5B
Cost of Revenue $1.2B $1.5B $1.6B $1.7B $1.9B
Gross Profit $203.5M $274.6M $337.6M $426.1M $550.1M
Operating Expenses $96.5M $114.7M $131.8M $161.5M $135.9M
Operating Income $107.0M $159.9M $205.8M $264.6M $414.2M
Net Income $62.6M $106.5M $138.7M $257.5M $290.2M
EBITDA $142.3M $212.8M $277.3M $451.9M $505.4M
EPS $2.19 $3.53 $4.51 $8.35 $9.50
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $64.8M $185.3M $471.6M $664.2M $390.7M
Total Current Assets $434.7M $597.3M $848.0M $1.0B $1.0B
Total Assets $1.3B $1.5B $1.8B $2.0B $2.6B
Current Liabilities $351.8M $446.6M $678.2M $742.0M $1.0B
Long-Term Debt $428.3M $398.7M $314.5M $289.5M $316.1M
Total Liabilities $901.4M $991.1M $1.2B $1.2B $1.5B
Total Equity $358.8M $474.6M $618.9M $808.1M $1.1B
Retained Earnings $79.9M $186.4M $325.0M $582.5M $872.6M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $158.9M $219.1M $478.6M $497.1M $440.0M
Capital Expenditure -$46.7M -$60.9M -$64.4M -$81.0M -$77.3M
Free Cash Flow $112.3M $158.2M $414.2M $416.2M $362.7M
Acquisitions (net) -$180.9M -$33.8M -$37.2M -$11.2M -$482.3M
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 -$70.6M -$74.2M
Net Change in Cash $16.1M $96.6M $286.3M $192.6M -$273.5M
Analyst Estimates (Annual)
Metric 2027 2028 2029 2030
Revenue $4.4B
$3.4B – $5.2B
 $4.3B
$3.8B – $4.8B
 $5.0B
$4.4B – $5.6B
 $5.8B
$5.1B – $6.5B
EBITDA $1.4B
$1.1B – $1.7B
 $1.4B
$1.3B – $1.6B
 $1.7B
$1.5B – $1.9B
 $1.9B
$1.7B – $2.2B
Net Income $627.8M
$479.2M – $862.0M
 $640.3M
$541.9M – $738.7M
 $783.6M
$660.9M – $900.9M
 $953.8M
$804.5M – $1.1B
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +25.1% +11.5% +7.3% +17.7%
Gross Profit Growth +34.9% +23.0% +26.2% +29.1%
Operating Income Growth +49.4% +28.7% +28.6% +56.5%
Net Income Growth +69.9% +30.2% +85.7% +12.7%
EBITDA Growth +49.5% +30.3% +63.0% +11.8%
Dividend History (Last 20)
Date Dividend Declaration Record Payment
1998-12-23 $0.00
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27