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STERLING INFRASTRUCTURE, INC.

CIK: 874238 SIC: 1600
$2.49B
Revenue
$290.15M
Net Income
22.98%
Gross Margin
16.30%
Op. Margin
$568.68M
Free Cash Flow
Financial Statements Quarterly (10-Q)
Showing 14 of 43 quarterly reports available
Breakdown 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)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
+ Total Revenue $755.61M $689.02M $614.47M $430.95M $498.83M $593.74M $582.82M $440.36M $485.98M $560.35M $522.33M $403.58M $291.61M $556.94M
Revenue Growth % (YoY) 51.5% 16.0% 5.4% -2.1% 2.6% 6.0% 11.6% 9.1% 66.7% 0.6% nan% nan% nan% nan%
Cost of Revenue $591.50M $518.80M $471.33M $336.11M $392.16M $463.94M $470.08M $363.46M $394.22M $468.48M $430.05M $341.84M $223.59M $474.92M
+ Gross Profit $164.12M $170.22M $143.14M $94.84M $106.68M $129.80M $112.74M $76.90M $91.75M $91.87M $92.27M $61.74M $68.02M $82.02M
Gross Margin % 21.7% 24.7% 23.3% 22.0% 21.4% 21.9% 19.3% 17.5% 18.9% 16.4% 17.7% 15.3% 23.3% 14.7%
+ Operating Income $119.97M $125.31M $104.56M $56.08M $62.27M $87.49M $72.73M $42.12M $55.77M $57.14M $60.26M $32.63M $42.83M $47.69M
Operating Margin % 15.9% 18.2% 17.0% 13.0% 12.5% 14.7% 12.5% 9.6% 11.5% 10.2% 11.5% 8.1% 14.7% 8.6%
Income Tax Expense $25.79M $30.52M $27.36M $15.08M $38.40M $23.40M $17.95M $7.60M $12.34M $13.89M $14.51M $7.03M $12.28M $12.56M
+ Net Income $87.60M $92.09M $70.99M $39.48M $113.21M $61.32M $51.88M $31.05M $40.17M $39.35M $39.48M $19.65M $31.73M $30.16M
Net Margin % 11.6% 13.4% 11.6% 9.2% 22.7% 10.3% 8.9% 7.1% 8.3% 7.0% 7.6% 4.9% 10.9% 5.4%
Basic EPS 2.86 3.02 2.33 1.29 3.68 2.00 1.68 1.00 1.31 1.28 1.28 0.64 1.05 0.98
Diluted EPS 2.82 2.97 2.31 1.28 3.64 1.97 1.67 1.00 1.27 1.26 1.27 0.64 1.02 0.97
Basic Shares Outstanding - 30.5M 30.4M 30.5M -45K 30.7M 30.9M 31.0M 22K 30.8M 30.8M 30.6M 43K 30.3M
Diluted Shares Outstanding - 31.0M 30.8M 30.9M -38K 31.1M 31.1M 31.2M 160K 31.2M 31.0M 30.8M 200K 30.5M
Breakdown 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)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Cash & Cash Equivalents $390.72M $306.39M $699.37M $638.65M $664.20M $648.13M $539.99M $480.41M $471.56M $409.40M $278.12M $202.58M $181.54M $146.48M
Accounts Receivable - - - - - - - - $252.44M - - - - -
Other Current Assets $35.24M $52.76M $22.98M $17.72M $17.38M $18.09M $19.51M $17.88M $17.88M $18.32M $14.77M $16.09M $29.14M $23.55M
Total Current Assets $1.03B $963.15M $1.13B $997.73M $1.02B $1.08B $1.02B $878.86M $847.98M $875.96M $715.80M $587.96M $597.25M $669.56M
Goodwill $585.22M $580.56M $283.66M $283.66M $264.60M $281.36M $281.36M $281.36M $281.12M $262.69M $262.69M $262.67M $262.69M $252.89M
Intangible Assets $554.70M $561.72M $329.16M $333.69M $316.39M $315.54M $319.82M $324.10M $328.40M $287.91M $291.65M $295.39M $299.12M $293.53M
Other Non-current Assets $17.20M $16.06M $17.45M $17.23M $17.04M $17.76M $19.44M $19.20M $18.81M $7.68M $7.65M $7.62M $7.65M $4.33M
Total Assets $2.63B $2.56B $2.16B $2.03B $2.02B $2.02B $1.96B $1.82B $1.78B $1.72B $1.57B $1.43B $1.44B $1.50B
Accounts Payable $226.81M $198.32M $159.26M $128.88M $130.42M $160.20M $163.84M $135.43M $145.97M $150.22M $140.62M $119.45M $121.89M $192.90M
Deferred Revenue $652.36M $616.27M $553.17M $534.39M $508.85M $563.53M $556.13M $485.05M $444.16M $432.21M $335.88M $242.33M $239.30M $224.74M
Other Current Liabilities $46.80M $54.03M $13.84M $22.83M $19.00M $26.15M $24.85M $19.80M $14.12M $14.36M $12.74M $13.57M $8.97M $10.10M
Total Current Liabilities $1.02B $966.79M $796.23M $756.77M $741.96M $839.04M $820.86M $705.72M $678.17M $685.84M $567.76M $444.69M $446.61M $512.31M
Long-term Debt $275.90M $279.48M $283.05M $283.60M $289.90M $296.19M $302.46M $308.72M $315.00M $321.59M $329.28M $365.55M $398.74M $407.09M
Deferred Tax Liabilities $123.14M $118.62M $114.77M $110.01M $109.36M $82.89M $80.30M $78.30M $76.76M $61.85M $58.45M $54.39M $51.66M $40.31M
Other Non-current Liabilities $65.71M $68.80M $28.73M $27.90M $16.62M $15.67M $16.93M $17.26M $16.57M $6.24M $5.56M $4.67M $5.12M $4.75M
Total Liabilities $1.53B $1.48B $1.25B $1.21B $1.19B $1.29B $1.28B $1.17B $1.15B $1.14B $1.03B $932.87M $963.82M $1.06B
Common Stock $315.00K $315.00K $312.00K $312.00K $312.00K $312.00K $312.00K $311.00K $309.00K $308.00K $308.00K $308.00K $306.00K $303.00K
Retained Earnings $872.65M $785.05M $692.96M $621.97M $582.50M $469.28M $407.96M $356.08M $325.03M $284.86M $245.51M $206.03M $186.38M $154.65M
Treasury Stock $130.55M $103.75M $99.13M $99.92M $63.12M $48.90M $29.01M - - - - - - -
Total Stockholders Equity $1.11B $1.05B $881.75M $805.42M $808.08M $716.52M $670.67M $644.57M $618.91M $580.35M $537.57M $494.66M $474.60M $437.11M
Total Liabilities & Equity $2.63B $2.56B $2.16B $2.03B $2.02B $2.02B $1.96B $1.82B $1.78B $1.72B $1.57B $1.43B $1.44B $1.50B
Breakdown 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)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Net Income $87.60M $92.09M $110.47M $39.48M $113.21M $144.25M $51.88M $31.05M $40.17M $98.48M $39.48M $19.65M $31.73M $30.16M
Depreciation & Amortization $22.59M $54.53M $34.61M $16.99M $17.86M $50.55M $33.18M $16.26M $14.87M $42.53M $27.67M $13.69M $13.52M $38.55M
Stock-based Compensation $5.94M $18.24M $12.28M $6.68M $5.25M $13.75M $9.38M $4.59M $3.65M $10.97M $7.00M $3.24M $3.53M $9.20M
Deferred Income Tax - - - - - - - - - - - - - $10.47M
Change in Working Capital $-58.78M $49.42M $7.47M $-20.39M $-98.71M $-101.11M $-38.51M $6.25M $-82.64M $-169.88M $-81.13M $-10.61M $-44.54M $15.09M
Operating Cash Flow $186.05M $253.94M $170.31M $84.88M $174.27M $322.83M $170.56M $49.59M $147.37M $331.21M $181.11M $49.06M $88.47M $130.65M
Capital Expenditure $26.39M $50.92M $31.26M $17.92M $15.64M $65.31M $51.31M $22.43M $15.13M $49.24M $38.86M $14.22M $13.08M $47.83M
Acquisitions $-1.82M $484.16M $37.86M $37.86M $6.40M $4.83M $1.02M $1.02M $51.18M - - - $14.97M $3.03M
Investing Cash Flow $-20.86M $-531.07M $-66.48M $-54.21M $-123.55M $-62.30M $-45.38M $-21.05M $-62.12M $-25.64M $-16.33M $6.50M $-41.93M $-47.82M
Debt Repayment $3.79M $21.07M $17.27M $6.61M $6.61M $19.93M $13.32M $6.68M $16.64M $76.85M $67.59M $30.84M $5.76M $17.61M
Stock Repurchased $25.65M $48.55M $43.85M $43.85M $20.00M $50.60M $30.14M - - - - - - -
Financing Cash Flow $-80.87M $-80.67M $-68.66M $-56.22M $-34.65M $-83.97M $-56.76M $-19.69M $-23.09M $-81.44M $-71.92M $-35.13M $-15.18M $-17.61M
Net Change in Cash $84.33M $-357.80M $35.18M $-25.55M $16.07M $176.56M $68.42M $8.85M $62.16M $224.13M $92.86M $20.43M $31.36M $65.21M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $689.02M - $1.73B -
Cost of Revenue $518.80M - $1.33B -
Gross Profit $170.22M - $408.20M -
Operating Income $125.31M - $285.95M -
Income Tax Expense $30.52M - $72.96M -
Net Income $92.09M $54.57M $202.56M -
Basic EPS 3.02 - 6.64 -
Diluted EPS 2.97 - 6.56 -
Basic Shares Outstanding $30.52M - $30.49M -
Diluted Shares Outstanding $30.96M - $30.88M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $306.39M $664.20M
Other Current Assets $52.76M $17.38M
Total Current Assets $963.15M $1.02B
Goodwill $580.56M $264.60M
Intangible Assets $561.72M $316.39M
Other Non-current Assets $16.06M $17.04M
Total Assets $2.56B $2.02B
Accounts Payable $198.32M $130.42M
Deferred Revenue $616.27M $508.85M
Other Current Liabilities $54.03M $19.00M
Total Current Liabilities $966.79M $741.96M
Long-term Debt $279.48M $289.90M
Deferred Tax Liabilities $118.62M $109.36M
Other Non-current Liabilities $68.80M $16.62M
Total Liabilities $1.48B $1.19B
Common Stock $315.00K $312.00K
Retained Earnings $785.05M $582.50M
Treasury Stock $103.75M $63.12M
Total Stockholders Equity $1.05B $808.08M
Total Liabilities & Equity $2.56B $2.02B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $92.09M $54.57M $202.56M -
Depreciation & Amortization - - $54.53M -
Stock-based Compensation - - $18.24M -
Change in Working Capital - - $49.42M -
Operating Cash Flow - - $253.94M -
Capital Expenditure - - $50.92M -
Acquisitions - - $484.16M -
Investing Cash Flow - - $-531.07M -
Debt Repayment - - $21.07M -
Stock Repurchased - - $48.55M -
Financing Cash Flow - - $-80.67M -
Net Change in Cash - - $-357.80M -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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