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Nasdaq · Industrials

STERLING INFRASTRUCTURE, INC. (STRL)

As-reported financials and SEC filings for STERLING INFRASTRUCTURE, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About STERLING INFRASTRUCTURE, INC.

Sterling Infrastructure, Inc. operates through subsidiaries in three main segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The company provides large-scale site development and electrical services for data centers and manufacturing, infrastructure and rehabilitation projects for highways and airports, and residential and commercial concrete and plumbing services. It serves customers primarily in the United States across regions including the Southern, Northeastern, Mid-Atlantic, Rocky Mountain areas, and the Pacific Islands.

Snapshot

Revenue
$2.49B
Revenue growth (YoY)
17.7%
Net income
$290.2M
Diluted EPS
$9.38
Gross margin
23.0%
Operating margin
16.3%
Net margin
11.7%
FCF margin
14.6%
ROE
26.2%
net income / fiscal-year-end equity
P/E
33.9×
trailing when available, otherwise FY EPS
Market cap
$13.95B
Long-term debt / equity
0.25×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Sterling Infrastructure

  • Revenue grew 17.7% to $2.5B in FY2025, faster than the 7.3% the year before.
  • Operating margin is 16.3% in FY2025, +8.7 pp against 7.6% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $1.2B, up 90.1% from Q2 FY2025.
  • Free cash flow was $363M in FY2025, 14.6% of revenue.
  • Net income rose 12.7% to $290M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Sterling Infrastructure’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin23.0%
37th percentile of 466
Operating margin16.3%
81st percentile of 605
Net margin11.7%
79th percentile of 645
FCF margin14.6%
85th percentile of 562
Revenue growth (YoY)+17.7%
80th percentile of 668
ROE26.2%
89th percentile of 600
P/E33.9×
71st percentile of 434
Long-term debt / equity0.25×
31st percentile of 409
Short interest1.38d
21st percentile of 676

Sterling Infrastructure’s return on equity of 26.2% ranks in the 89th percentile of the 600 Industrials companies reporting it. Sterling Infrastructure’s FCF margin of 14.6% ranks in the 85th percentile of the 562 Industrials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $2.2M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+7 quant / multi-strat
Initiated / added
6
3 new, 3 added
Reduced / exited
5
4 trimmed, 1 exited
Combined position
$1.86B
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$564.2M672.2KReduced
Lone Pine CapitalQ2 2026$511.7M609.6KNew
Millennium ManagementquantQ2 2026$247.5M294.8KAdded
Two Sigma InvestmentsquantQ2 2026$158.6M189.0KAdded
D. E. ShawquantQ2 2026$131.1M156.2KNew
AQR Capital ManagementquantQ2 2026$87.9M105.7KReduced
Point72 Asset ManagementquantQ2 2026$58.6M69.8KNew
Citadel AdvisorsquantQ2 2026$58.0M69.2KAdded
Gotham Asset ManagementQ2 2026$25.0M29.8KReduced
Bridgewater AssociatesQ2 2026$16.9M20.2KReduced

No longer held by: Polen Capital Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$2.2M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-25
filed 2026-06-29
Wolf Mark D.General Counsel, Corporate SecSell2.5K$888.00$2.2M
2026-04-23
filed 2026-04-24
CUTILLO JOSEPH AChief Executive OfficerSell50.0K$497.57$24.9M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.1M
settled 2026-08-14
Change vs prior
-7.4%
vs previous settlement
Days to cover
1.38
at avg daily volume
Avg daily volume
782.7K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-141.1M-7.4%1.38
2026-07-311.2M-9.0%1.36
2026-07-151.3M+7.2%1.94
2026-06-301.2M-29.6%1.04
2026-06-151.7M-2.7%2.54
2026-05-291.7M+0.1%2.56
2026-05-151.7M-27.1%2.01
2026-04-302.4M+7.5%6.02

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$2.49B$2.12B$1.97B$1.77B$1.41B
Gross profit$572.3M$426.1M$337.6M$274.6M$203.5M
Operating income$405.9M$264.6M$205.8M$159.9M$107.0M
Net income$290.2M$257.5M$138.7M$106.5M$62.6M
Diluted EPS$9.38$8.27$4.44$3.48$2.15

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$440.0M$497.1M$478.6M$219.1M$158.9M
Capital expenditure$77.3M$81.0M$64.4M$60.9M$46.7M
Free cash flow$362.7M$416.1M$414.2M$158.2M$112.3M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$1.17B90.1%$155.8M$5.00
Q1 FY2026$825.7M91.6%$96.0M$3.09
Q4 FY2025$755.6M51.5%$87.6M$2.81
Q3 FY2025$689.0M16.0%$92.1M$2.97
Q2 FY2025$614.5M5.4%$71.0M$2.31
Q1 FY2025$430.9M-2.1%$39.5M$1.28
Q4 FY2024$498.8M2.6%$113.2M$3.65
Q3 FY2024$593.7M6.0%$61.3M$1.97

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryHeavy Construction Other Than Bldg Const - Contractors
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2008
SEC CIK874238

Selected SEC filings

10-K2026-02-26
View on EDGAR →
10-K2025-02-26
View on EDGAR →
10-Q2026-08-04
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
10-Q2025-11-04
View on EDGAR →
10-Q2025-08-05
View on EDGAR →
8-K2026-08-03
View on EDGAR →
8-K2026-07-10
View on EDGAR →

Largest Industrials peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.