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Sterling Infra Financials

STRL
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Sterling Infra (STRL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 61 / 100
Financial Profile 61/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
58

Sterling Infra has an operating margin of 16.3%, meaning the company retains $16 of operating profit per $100 of revenue. This results in a moderate score of 58/100, indicating healthy but not exceptional operating efficiency. This is up from 12.5% the prior year.

Growth
63

Sterling Infra's revenue surged 17.7% year-over-year to $2.5B, reflecting rapid business expansion. This strong growth earns a score of 63/100.

Leverage
97

Sterling Infra carries a low D/E ratio of 0.25, meaning only $0.25 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
15

Sterling Infra's current ratio of 1.01 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 15/100, which could limit financial flexibility.

Cash Flow
61

Sterling Infra has a free cash flow margin of 14.6%, earning a moderate score of 61/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
69

Sterling Infra earns a strong 26.2% return on equity (ROE), meaning it generates $26 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 69/100. This is down from 31.9% the prior year.

Altman Z-Score Safe
6.94

Sterling Infra scores 6.94, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($12.8B) relative to total liabilities ($1.5B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
5/9

Sterling Infra passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.52x

For every $1 of reported earnings, Sterling Infra generates $1.52 in operating cash flow ($440.0M OCF vs $290.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.5B
YoY+17.7%
5Y CAGR+15.2%
10Y CAGR+14.8%

Sterling Infra generated $2.5B in revenue in fiscal year 2025. This represents an increase of 17.7% from the prior year.

EBITDA
$483.0M
YoY+45.0%
5Y CAGR+31.0%
10Y CAGR+74.5%

Sterling Infra's EBITDA was $483.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 45.0% from the prior year.

Net Income
$290.2M
YoY+12.7%
5Y CAGR+47.0%

Sterling Infra reported $290.2M in net income in fiscal year 2025. This represents an increase of 12.7% from the prior year.

EPS (Diluted)
$9.38
YoY+13.4%
5Y CAGR+44.3%

Sterling Infra earned $9.38 per diluted share (EPS) in fiscal year 2025. This represents an increase of 13.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$362.7M
YoY-12.8%
5Y CAGR+32.1%
10Y CAGR+90.0%

Sterling Infra generated $362.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 12.8% from the prior year.

Cash & Debt
$390.7M
YoY-41.2%
5Y CAGR+52.3%
10Y CAGR+56.5%

Sterling Infra held $390.7M in cash against $275.9M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
31M
YoY+0.0%
5Y CAGR+1.7%

Sterling Infra had 31M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin
23.0%
YoY+2.8pp
5Y CAGR+8.3pp
10Y CAGR+18.6pp

Sterling Infra's gross margin was 23.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.8 percentage points from the prior year.

Operating Margin
16.3%
YoY+3.8pp
5Y CAGR+8.8pp
10Y CAGR+18.6pp

Sterling Infra's operating margin was 16.3% in fiscal year 2025, reflecting core business profitability. This is up 3.8 percentage points from the prior year.

Net Margin
11.7%
YoY-0.5pp
5Y CAGR+8.2pp
10Y CAGR+14.9pp

Sterling Infra's net profit margin was 11.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.5 percentage points from the prior year.

Return on Equity
26.2%
YoY-5.7pp
5Y CAGR+10.3pp
10Y CAGR+47.5pp

Sterling Infra's ROE was 26.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.7 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$74.2M
YoY+5.1%

Sterling Infra spent $74.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 5.1% from the prior year.

Capital Expenditures
$77.3M
YoY-4.5%
5Y CAGR+18.7%
10Y CAGR+25.3%

Sterling Infra invested $77.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 4.5% from the prior year.

STRL Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $755.6M+9.7% $689.0M+12.1% $614.5M+42.6% $430.9M-13.6% $498.8M-16.0% $593.7M+1.9% $582.8M+32.4% $440.4M
Cost of Revenue $591.5M+14.0% $518.8M+10.1% $471.3M+40.2% $336.1M-14.3% $392.2M-15.5% $463.9M-1.3% $470.1M+29.3% $363.5M
Gross Profit $164.1M-3.6% $170.2M+18.9% $143.1M+50.9% $94.8M-11.1% $106.7M-17.8% $129.8M+15.1% $112.7M+46.6% $76.9M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $48.6M+29.3% $37.6M+10.6% $34.0M-1.9% $34.6M+6.2% $32.6M+6.3% $30.7M+10.1% $27.9M+2.0% $27.3M
Operating Income $120.0M-4.3% $125.3M+19.8% $104.6M+86.5% $56.1M-9.9% $62.3M-28.8% $87.5M+20.3% $72.7M+72.7% $42.1M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $25.8M-15.5% $30.5M+11.5% $27.4M+81.4% $15.1M-60.7% $38.4M+64.1% $23.4M+30.4% $18.0M+136.1% $7.6M
Net Income $87.6M-4.9% $92.1M+29.7% $71.0M+79.8% $39.5M-65.1% $113.2M+84.6% $61.3M+18.2% $51.9M+67.1% $31.0M
EPS (Diluted) N/A $2.97+28.6% $2.31+80.5% $1.28 N/A $1.97+18.0% $1.67+67.0% $1.00

STRL Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $2.6B+2.8% $2.6B+18.6% $2.2B+6.2% $2.0B+0.9% $2.0B-0.3% $2.0B+3.0% $2.0B+8.1% $1.8B
Current Assets $1.0B+7.4% $963.1M-14.9% $1.1B+13.5% $997.7M-2.4% $1.0B-5.7% $1.1B+6.6% $1.0B+15.7% $878.9M
Cash & Equivalents $390.7M+27.5% $306.4M-56.2% $699.4M+9.5% $638.6M-3.8% $664.2M+2.5% $648.1M+20.0% $540.0M+12.4% $480.4M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $585.2M+0.8% $580.6M+104.7% $283.7M0.0% $283.7M+7.2% $264.6M-6.0% $281.4M0.0% $281.4M0.0% $281.4M
Total Liabilities $1.5B+3.4% $1.5B+18.2% $1.2B+3.5% $1.2B+1.5% $1.2B-7.9% $1.3B+0.7% $1.3B+10.1% $1.2B
Current Liabilities $1.0B+5.8% $966.8M+21.4% $796.2M+5.2% $756.8M+2.0% $742.0M-11.6% $839.0M+2.2% $820.9M+16.3% $705.7M
Long-Term Debt $275.9M-1.3% $279.5M-1.3% $283.1M-0.2% $283.6M-2.2% $289.9M-2.1% $296.2M-2.1% $302.5M-2.0% $308.7M
Total Equity $1.1B+5.5% $1.1B+19.2% $881.7M+9.5% $805.4M-0.3% $808.1M+12.8% $716.5M+6.8% $670.7M+4.0% $644.6M
Retained Earnings $872.6M+11.2% $785.1M+13.3% $693.0M+11.4% $622.0M+6.8% $582.5M+24.1% $469.3M+15.0% $408.0M+14.6% $356.1M

STRL Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $186.1M+122.5% $83.6M-2.1% $85.4M+0.6% $84.9M-51.3% $174.3M+14.4% $152.3M+25.9% $121.0M+143.9% $49.6M
Capital Expenditures $26.4M+34.2% $19.7M+47.4% $13.3M-25.6% $17.9M+14.6% $15.6M+11.8% $14.0M-51.5% $28.9M+28.7% $22.4M
Free Cash Flow $159.7M+149.6% $64.0M-11.3% $72.1M+7.7% $67.0M-57.8% $158.6M+14.7% $138.3M+50.1% $92.1M+239.1% $27.2M
Investing Cash Flow -$20.9M+95.5% -$464.6M-3687.6% -$12.3M+77.4% -$54.2M+56.1% -$123.5M-630.1% -$16.9M+30.5% -$24.3M-15.6% -$21.0M
Financing Cash Flow -$80.9M-573.0% -$12.0M+3.4% -$12.4M+77.9% -$56.2M-62.2% -$34.7M-27.4% -$27.2M+26.6% -$37.1M-88.2% -$19.7M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $25.7M+445.8% $4.7M $0-100.0% $43.8M+119.2% $20.0M-2.2% $20.5M-32.1% $30.1M $0

STRL Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 21.7%-3.0pp 24.7%+1.4pp 23.3%+1.3pp 22.0%+0.6pp 21.4%-0.5pp 21.9%+2.5pp 19.3%+1.9pp 17.5%
Operating Margin 15.9%-2.3pp 18.2%+1.2pp 17.0%+4.0pp 13.0%+0.5pp 12.5%-2.3pp 14.7%+2.3pp 12.5%+2.9pp 9.6%
Net Margin 11.6%-1.8pp 13.4%+1.8pp 11.6%+2.4pp 9.2%-13.5pp 22.7%+12.4pp 10.3%+1.4pp 8.9%+1.9pp 7.0%
Return on Equity 7.9%-0.9pp 8.8%+0.7pp 8.1%+3.1pp 4.9%-9.1pp 14.0%+5.5pp 8.6%+0.8pp 7.7%+2.9pp 4.8%
Return on Assets 3.3%-0.3pp 3.6%+0.3pp 3.3%+1.3pp 1.9%-3.7pp 5.6%+2.6pp 3.0%+0.4pp 2.6%+0.9pp 1.7%
Current Ratio 1.01+0.0 1.00-0.4 1.42+0.1 1.32-0.1 1.38+0.1 1.29+0.1 1.240.0 1.25
Debt-to-Equity 0.25-0.0 0.27-0.1 0.32-0.0 0.350.0 0.36-0.1 0.41-0.0 0.45-0.0 0.48
FCF Margin 21.1%+11.8pp 9.3%-2.5pp 11.7%-3.8pp 15.5%-16.3pp 31.8%+8.5pp 23.3%+7.5pp 15.8%+9.6pp 6.2%

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Frequently Asked Questions

Sterling Infra (STRL) reported $2.5B in total revenue for fiscal year 2025. This represents a 17.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Sterling Infra (STRL) revenue grew by 17.7% year-over-year, from $2.1B to $2.5B in fiscal year 2025.

Yes, Sterling Infra (STRL) reported a net income of $290.2M in fiscal year 2025, with a net profit margin of 11.7%.

Sterling Infra (STRL) reported diluted earnings per share of $9.38 for fiscal year 2025. This represents a 13.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Sterling Infra (STRL) had EBITDA of $483.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Sterling Infra (STRL) had $390.7M in cash and equivalents against $275.9M in long-term debt.

Sterling Infra (STRL) had a gross margin of 23.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Sterling Infra (STRL) had an operating margin of 16.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Sterling Infra (STRL) had a net profit margin of 11.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Sterling Infra (STRL) has a return on equity of 26.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Sterling Infra (STRL) generated $362.7M in free cash flow during fiscal year 2025. This represents a -12.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Sterling Infra (STRL) generated $440.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Sterling Infra (STRL) had $2.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Sterling Infra (STRL) invested $77.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Sterling Infra (STRL) spent $74.2M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Sterling Infra (STRL) had 31M shares outstanding as of fiscal year 2025.

Sterling Infra (STRL) had a current ratio of 1.01 as of fiscal year 2025, which is considered adequate.

Sterling Infra (STRL) had a debt-to-equity ratio of 0.25 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Sterling Infra (STRL) had a return on assets of 11.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Sterling Infra (STRL) has an Altman Z-Score of 6.94, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Sterling Infra (STRL) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Sterling Infra (STRL) has an earnings quality ratio of 1.52x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Sterling Infra (STRL) scores 61 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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