Sterling Infrastructure, Inc. (STRL) Income Statement
STRL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSTRL revenue and net income
Where STRL's revenue goes
2025Each bar shows an amount and its share of revenue. STRL kept 11.7% of revenue as net income.
STRL profit margins
STRL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +17.7% | +12.1% | +15.2% | +14.8% |
| Gross profit | +34.3% | +27.7% | +26.1% | +34.8% |
| Operating income | +53.3% | +37.0% | +34.9% | — |
| Net income | +12.7% | +39.7% | +47.0% | — |
| EPS (diluted) | +75.1% | +44.2% | +47.7% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
STRL quarterly EPS vs estimates
Sterling Infrastructure beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 28, 2026 (estimate $5.80).
STRL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.49B | $2.12B | $1.97B | $1.77B | $1.41B | $1.23B | $1.13B | $1.04B | $958.0M | $690.1M |
| Cost of revenue | $1.92B | $1.69B | $1.63B | $1.49B | $1.21B | $1.05B | $1.02B | $927.3M | $868.9M | $646.3M |
| Gross profit | $572.3M | $426.1M | $337.6M | $274.6M | $203.5M | $179.6M | $107.8M | $110.3M | $89.1M | $43.9M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $154.8M | $118.4M | $98.7M | $86.5M | $69.2M | $64.3M | $49.2M | $50.6M | $48.4M | $38.6M |
| Total operating expenses | $158.8M | $156.3M | $131.6M | $113.9M | $96.5M | $87.0M | $70.0M | $67.7M | $62.9M | $48.6M |
| Operating income | $413.5M | $269.8M | $206.0M | $160.7M | $107.0M | $92.6M | $37.8M | $42.6M | $26.2M | −$4.7M |
| Interest income | $22.3M | $27.6M | $14.1M | $885,000 | $52,000 | $161,000 | $1.1M | $1.0M | $314,000 | $33,000 |
| Interest expense | $19.8M | $25.3M | $29.3M | $20.6M | $19.3M | $29.3M | $16.7M | $12.3M | $9.8M | $2.6M |
| Income before taxes | $408.5M | $358.3M | $190.6M | $140.2M | $88.8M | $63.1M | $14.5M | $31.3M | $15.9M | −$7.3M |
| Income taxes | $98.8M | $87.4M | $47.8M | $41.7M | $24.9M | $19.4M | −$26.2M | $1.7M | $118,000 | $88,000 |
| Net income | $290.2M | $257.5M | $138.7M | $106.5M | $62.6M | $42.3M | $39.9M | $25.2M | $11.6M | −$9.2M |
| EBITDA | $505.4M | $451.9M | $277.3M | $212.8M | $142.3M | $125.2M | $51.9M | $60.4M | $44.9M | $11.4M |
| EPS (diluted) | $10.70 | $6.11 | $4.45 | $3.57 | $2.20 | $1.52 | $0.95 | $0.93 | $0.55 | −$0.43 |
| Gross margin | 23.0% | 20.1% | 17.1% | 15.5% | 14.4% | 14.6% | 9.6% | 10.6% | 9.3% | 6.4% |
| Operating margin | 16.6% | 12.8% | 10.4% | 9.1% | 7.6% | 7.5% | 3.4% | 4.1% | 2.7% | −0.7% |
| Net margin | 11.7% | 12.2% | 7.0% | 6.0% | 4.4% | 3.4% | 3.5% | 2.4% | 1.2% | −1.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.17B | $825.7M | $755.6M | $689.0M | $614.5M | $430.9M | $498.8M | $593.7M | $582.8M | $440.4M | $486.0M | $560.3M |
| Cost of revenue | $878.2M | $631.4M | $591.5M | $518.8M | $471.3M | $336.1M | $392.2M | $463.9M | $470.1M | $363.5M | $394.2M | $468.5M |
| Gross profit | $290.0M | $194.3M | $164.1M | $170.2M | $143.1M | $94.8M | $106.7M | $129.8M | $112.7M | $76.9M | $91.8M | $91.9M |
| Sales, general & admin | $53.1M | $47.9M | $48.6M | $37.6M | $34.0M | $34.6M | $32.6M | $30.7M | $27.9M | $27.3M | $26.1M | $25.2M |
| Total operating expenses | $70.7M | $52.6M | $48.6M | $38.2M | $34.7M | $37.2M | $44.2M | $42.3M | $40.0M | $34.8M | $36.0M | $34.7M |
| Operating income | $219.3M | $141.7M | $115.5M | $132.0M | $108.4M | $57.6M | $62.5M | $87.5M | $72.7M | $42.1M | $55.8M | $57.1M |
| Interest income | $3.8M | $3.6M | $2.9M | $5.7M | $6.9M | $6.8M | $7.8M | $7.6M | $6.3M | $5.9M | $5.8M | $4.2M |
| Interest expense | $3.1M | $4.0M | $5.4M | $4.1M | $5.0M | $5.2M | $5.8M | $6.3M | $6.5M | $6.7M | $6.8M | $7.3M |
| Income before taxes | $220.0M | $137.4M | $117.5M | $126.8M | $106.5M | $57.7M | $155.6M | $88.8M | $72.5M | $41.4M | $54.8M | $54.0M |
| Income taxes | $51.3M | $33.7M | $25.8M | $30.5M | $27.4M | $15.1M | $38.4M | $23.4M | $18.0M | $7.6M | $12.3M | $13.9M |
| Net income | $155.8M | $96.0M | $87.6M | $92.1M | $71.0M | $39.5M | $113.2M | $61.3M | $51.9M | $31.0M | $40.2M | $39.4M |
| EBITDA | $248.0M | $164.5M | $145.5M | $150.9M | $129.1M | $79.9M | $179.2M | $112.4M | $96.0M | $64.3M | $76.5M | $76.1M |
| EPS (diluted) | $5.60 | $3.59 | $3.08 | $3.48 | $2.51 | $1.63 | $1.46 | $1.98 | $1.67 | $1.00 | $1.28 | $1.26 |
| Gross margin | 24.8% | 23.5% | 21.7% | 24.7% | 23.3% | 22.0% | 21.4% | 21.9% | 19.3% | 17.5% | 18.9% | 16.4% |
| Operating margin | 18.8% | 17.2% | 15.3% | 19.2% | 17.6% | 13.4% | 12.5% | 14.7% | 12.5% | 9.6% | 11.5% | 10.2% |
| Net margin | 13.3% | 11.6% | 11.6% | 13.4% | 11.6% | 9.2% | 22.7% | 10.3% | 8.9% | 7.1% | 8.3% | 7.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in STRL's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
STRL financial results
In fiscal year 2025 (ended December 31, 2025), Sterling Infrastructure reported revenue of $2.5 billion, up 17.7% from the year before. It had net income of $290.2 million (up 12.7%), a net profit margin of 11.7%. Diluted earnings per share came to $10.70. Over five years revenue grew at an average rate of 15.2% a year.
See the STRL stock overview for the latest quote and news, or the STRL chart for price history and technical indicators.
STRL income statement FAQ
What is Sterling Infrastructure's annual revenue?
Sterling Infrastructure reported total revenue of $2.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 17.7% from $2.1 billion the previous year.
Is Sterling Infrastructure profitable?
Yes. Sterling Infrastructure reported net income of $290.2 million in fiscal 2025, a net profit margin of 11.7%; its operating margin was 16.6%.
What is Sterling Infrastructure's gross margin?
Sterling Infrastructure's gross margin was 23.0% in fiscal 2025: for every $100 of revenue, Sterling Infrastructure kept $23 after the direct cost of its products and services.
How fast is Sterling Infrastructure growing?
Revenue grew 15.2% a year on average over the last five fiscal years, from $1.2 billion to $2.5 billion.
What are Sterling Infrastructure's earnings per share?
Sterling Infrastructure earned $10.70 per diluted share in fiscal 2025, compared with $6.11 a year earlier.
When will Sterling Infrastructure report its next earnings?
Sterling Infrastructure is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does Sterling Infrastructure's fiscal year end?
Sterling Infrastructure's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.