Sterling Infrastructure Financial Statements
NASDAQ: STRLIndustrialsEngineering & ConstructionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Sterling Infrastructure revenue and earnings
In fiscal 2025, Sterling Infrastructure generated $2.49 billion in revenue, up 17.7% from fiscal 2024, its 10th consecutive year of revenue growth. Net income was $290.2 million (+12.7% year over year), for a net margin of 11.7% versus a median of 6.0% in the prior 5 years. Gross margin was 23.0% (up from 20.1%) and operating margin 16.3%.
Diluted earnings per share came in at $9.38, up from $8.27. Over the last 5 fiscal years, STRL's revenue has grown at a 15.2% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Sterling Infrastructure income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.49B | 2.12B | 1.97B | 1.77B | 1.41B | 1.23B | 1.13B | 1.04B | 957.96M | 690.12M |
| Revenue growth (YoY) | +17.69% | +7.28% | +11.46% | +25.10% | +15.30% | +8.92% | +8.54% | +8.32% | +38.81% | +10.67% |
| Cost of Revenue | 1.92B | 1.69B | 1.63B | 1.49B | 1.21B | 1.05B | 1.02B | 927.34M | 868.87M | 648.07M |
| Gross Profit | 572.31M | 426.12M | 337.64M | 274.57M | 203.53M | 179.63M | 107.79M | 110.33M | 89.09M | 42.06M |
| Operating Expenses | 166.40M | 161.50M | 131.84M | 114.70M | 96.52M | 87.02M | 70.04M | 67.72M | 62.92M | 46.79M |
| Operating Income | 405.92M | 264.62M | 205.79M | 159.87M | 107.01M | 92.61M | 37.75M | 42.61M | 26.18M | -4.73M |
| Pretax Income | — | — | — | — | — | — | — | — | 15.94M | -7.32M |
| Income Tax | 98.75M | 87.36M | 47.77M | 41.71M | 24.87M | 19.41M | -26.22M | 1.74M | 118.00K | 88.00K |
| Net Income | 290.15M | 257.46M | 138.66M | 106.46M | 62.65M | 42.31M | 40.70M | 29.54M | 11.62M | -9.24M |
| Net Income growth (YoY) | +12.70% | +85.68% | +30.24% | +69.94% | +48.08% | +3.96% | +37.76% | +154.28% | — | — |
| EPS (Basic) | 9.50 | 8.35 | 4.51 | 3.53 | 2.19 | 1.52 | 1.50 | 0.94 | 0.44 | -0.40 |
| EPS (Diluted) | 9.38 | 8.27 | 4.44 | 3.48 | 2.15 | 1.50 | 1.47 | 0.93 | 0.43 | -0.40 |
| Shares Outstanding (Basic) | 30.54M | 30.83M | 30.75M | 30.20M | 28.60M | 27.86M | 26.67M | 26.90M | 26.27M | 23.14M |
| Shares Outstanding (Diluted) | 30.95M | 31.15M | 31.21M | 30.56M | 29.10M | 28.20M | 27.12M | 27.19M | 26.71M | 23.14M |
| EBITDA | 483.03M | 333.03M | 263.20M | 211.94M | 141.21M | 125.40M | 58.49M | 59.38M | 43.17M | 10.97M |
| Gross Margin | 22.98% | 20.14% | 17.12% | 15.52% | 14.39% | 14.64% | 9.57% | 10.63% | 9.30% | 6.09% |
| Operating Margin | 16.30% | 12.51% | 10.43% | 9.04% | 7.57% | 7.55% | 3.35% | 4.11% | 2.73% | -69.00% |
| Net Margin | 11.65% | 12.17% | 7.03% | 6.02% | 4.43% | 3.45% | 3.61% | 2.85% | 121.00% | -134.00% |
This table shows 10 annual periods of Sterling Infrastructure's income statement, from FY 2025 back to FY 2016, across 17 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow STRL's reporting calendar. What is a income statement?