Sterling Infrastructure, Inc.

STRL

$457.60

+0.33%

2026-09-02 16:00:00 EDT+$1.50

Industrials

Engineering & Construction

NASDAQ

Active Trading

Sterling Infrastructure, Inc. operates across three distinct business segments: transportation, e-infrastructure, and building solutions. The company's operations span a significant portion of ...

Price Action of STRL

$457.60

+0.33%+$1.50

High—

Low—

52W High-54.5%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Sterling Infrastructure, Inc. (STRL) is a leading infrastructure services provider headquartered in The Woodlands, Texas. Originating as Sterling Construction Company, Inc. in 1955, the company rebranded to Sterling Infrastructure in June 2022 to reflect its broader focus. Under the leadership of CEO Joseph A. Cutillo since 2017, who brings 30 ...Sterling Infrastructure, Inc. (STRL) is a leading infrastructure services provider headquartered in The Woodlands, Texas. Originating as Sterling Construction Company, Inc. in 1955, the company rebranded to Sterling Infrastructure in June 2022 to reflect its broader focus. Under the leadership of CEO Joseph A. Cutillo since 2017, who brings 30 years of industry experience, Sterling has positioned itself as a key player in the heavy civil construction sector. The company operates in three main segments: Transportation Solutions, which handles highways, bridges, airports, ports, and light rail; E-Infrastructure Solutions, which provides site development for major e-commerce, data center, and energy clients; and Building Solutions, which focuses on concrete works for residential and commercial projects. As of the latest data, STRL employs approximately 4,400 people, placing it in the 1001-2000 range, and has a market capitalization of about $16.45 billion. Financially, the company shows strong margins: gross profit margin of 23.6%, EBITDA margin of 20.9%, and net profit margin of 12.5%. Its return on equity is 36.7%, and it maintains a debt-to-equity ratio of 0.248, indicating a balanced capital structure. The company has a beta of 1.829, suggesting higher volatility than the market. With a price-to-earnings ratio of 38.07 and price-to-sales of 4.78, the stock trades at a premium, reflecting investor confidence in its growth prospects. Sterling emphasizes innovation and environmental responsibility in its projects, aiming to deliver smart infrastructure solutions that answer modern challenges. Its clientele includes state departments of transportation, transit authorities, and blue-chip corporations, showcasing its reliability and scale. The company's commitment to excellence is underscored by its focus on employee development, community engagement, and shareholder value, with ambitions to continue expanding its reach across the United States.ExpandCollapse

Founded

1955

Employees

4400

CEO

Joseph A. Cutillo

Full Name

Sterling Infrastructure, Inc.

Sector

Industrials

Industry

Engineering & Construction

ROE

36.67%

Market Cap

$14.04B

Current Ratio

1.11

WACC

13.21%

ROIC

26.83%

Contact Information

https://www.strlco.com

281 214 0800

1800 Hughes Landing Boulevard, The Woodlands, TX 77380

Key Metrics of STRL

Snapshot

Latest / TTM · 6 periods

Market Cap

$14.04B

ROCE

32.6%

EV / EBITDA

19.43x

+7.0% YoY

FCF Yield

3.4%

-0.5% YoY

Cash Conversion Cycle

55.2d

Current Ratio

1.11

Quick take

TTM —

Positive CCC

Financial Highlights of STRL

Profitability trend

Latest / TTM · 6 periods

Gross Margin

23.6%

Net Margin

12.5%

P/E Ratio

32.79x

n/a

Debt / Equity

0.25

n/a

Current Ratio

1.11

Dividend Yield

0.0%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of STRL

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $6.10 · Revenue $1.17B · 7 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $4.43 · Revenue $939.26M · 6 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $19.80 · Revenue $4.07B · 7 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $4.52 · Revenue $970.51M · 2 analysts

Recent history

Aug 4, 2026
Q2 FY2026 · Results reported
EPS $5.00 · Revenue $1.17B
View filing
May 5, 2026
Q1 FY2026 · Results reported
EPS $3.09 · Revenue $825.67M
View filing
Feb 26, 2026
FY2025 · Annual results
EPS $9.38 · Revenue $2.49B
View filing
Nov 4, 2025
Q3 FY2025 · Results reported
EPS $2.97 · Revenue $689.02M
View filing
Aug 5, 2025
Q2 FY2025 · Results reported
EPS $2.31 · Revenue $614.47M
View filing
Mar 31, 2025
Q1 FY2025 · Results reported
EPS $1.28 · Revenue $430.95M

Financial Statements of STRL

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$2.5B	+17.7%	+41.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$290.2M	+12.7%	+62.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+23.0%	+14.1%	+2.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+16.6%	+30.2%	+15.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+11.7%	-4.2%	+14.8%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$362.7M	-12.8%	-23.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+14.6%	-25.9%	-45.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	31.6%	-30.9%	-13.7%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.01x	-26.5%	+0.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$2.6B	+29.4%	+14.7%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	9.38 vs 10.36	-9.4%	5.00 vs 6.10	-18.0%
Revenue Surprise	$2.5B vs $2.4B	+4.9%	$1.2B vs $1.2B	-0.2%

Insider Transactions of STRL

Acquisitions (A)

Since May 7, 2026

Disposals (D)

Since May 7, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 6, 2026	Govin Daniel P.	officer: Chief Operating Officer (COO)	Common Stock	D	6,559	$536.08
Jul 10, 2026	GRINDSTAFF NICHOLAS M	officer: Chief Financial Officer (CFO)	Common Stock	D	556	$682.29
Jun 25, 2026	Wolf Mark D.	officer: General Counsel, Corporate Sec	Common Stock	D	2,500	$888.00
Jun 18, 2026	Dill Julie	director	Common Stock	D	325	—
May 20, 2026	CUTILLO JOSEPH A	director, officer: Chief Executive Officer	Common Stock	A	40,000	—

Earnings Call Transcript of STRL

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good morning, ladies and gentlemen, and welcome to the Sterling Infrastructure Second Quarter Webcast and Conference Call. [Operator Instructions] As a reminder, this call is being recorded on Tuesday, August 4, 2026. I would now like to turn the conference call over to Noelle Dilts, Vice President of Investor Relations and Corporate Strategy. Please go ahead. Noelle Dilts: Good morning to everyone joining us, and welcome to Sterling Infrastructure's Second Quarter 2026 Earnings Conference Call and Webcast. I'm pleased to be here today to discuss our results with Joe Cutillo, Sterling's Chief Executive Officer; Nick Grindstaff, Sterling's Chief Financial Officer; and Dan Govin, Sterling's Chief Operating Officer. As a reminder, there are accompanying slides on the Investor Relations section of our website. These slides include details on our full year 2026 financial guidance. Before turning the call over to Joe, I will read the safe harbor statement. The discussion today may include forward-looking statements. Actual results could differ materially from the statements made today. Please refer to Sterling's most recent 10-K and 10-Q filings for a more complete description of risk factors that could affect these projections and assumptions. The company assumes no obligation to update forward-looking statements as a result of new information, future events or otherwise. Please also note that management may reference EBITDA, adjusted EBITDA, adjusted operating income, adjusted net income or adjusted earnings per share on this call, which are all financial measures not recognized under U.S. GAAP. As required by SEC rules and regulations, these non-GAAP financial measures are reconciled to their most comparable GAAP financial measures on our earnings release issued yesterday afternoon. I'll now turn the call over to our CEO, Joe Cutillo. Joseph Cutillo: Thanks, Noelle. Good morning, everyone, and thank you for joining Sterling's Second Quarter 2026 Earnings Call. Sterling delivered another outstanding quarter with revenue growth of 90% and adjusted diluted EPS growth of 116% from $2.69 to $5.80. These results reflect the strength of our strategy, accelerating demand across our markets and the exceptional execution by our teams. Adjusted EBITDA more than doubled in the quarter with margins expanding 150 basis points year-over-year to reach 22%. The current market demand allows us to be selective. Rather than chasing every opportunity, we are concentrating on the projects that strengthen our customer relationships, position us for future growth and enhance our margins. Signed backlog at quarter end totaled $4.3 billion, up 116% year-over-year and combined backlog increased 150% to reach $5.6 billion. In addition, we have visibility into high probability future phase opportunities that exceed $1.4 billion. Together, our signed backlog, unsigned awards and future phase opportunities provide visibility into a total addressable pool of work of …

Leadership Team of STRL

5 executives

Name	Title	Compensation	Gender	Year Born	Status
Joseph A. Cutillo	Chief Executive Officer, President & Director	USD 3,739,685	Male	1966	Active
Daniel Govin	Chief Operating Officer	USD 2,275,500	Male	1972	Active
Mark D. Wolf	General Counsel, Corporate Secretary & Chief Compliance Officer	USD 1,038,325	Male	1961	Active
Nicholas Grindstaff	Chief Financial Officer	USD 1,032,467	Male	1963	Active
Noelle Christine Dilts	Vice President of Investor Relations & Corporate Strategy	—	Female	—	Active

Recent News of STRL

Seeking Alpha8/4/2026Neutral

Sterling Infrastructure, Inc. (STRL) Q2 2026 Earnings Call Transcript

MarketBeat8/4/2026Neutral

Sterling Infrastructure Q2 Earnings Call Highlights

Sterling Infrastructure NASDAQ: STRL reported sharply higher second-quarter results as demand for mission-critical infrastructure work, including data centers and semiconductor campuses, drove growth in its E-Infrastructure Solutions segment. Management also raised its full-year outlook to reflect improved expectations for its core operations and contributions from the StoneRidge acquisition.

Zacks Investment Research8/4/2026Neutral

Sterling Q2 Earnings & Revenues Beat Estimates, Increase Y/Y

STRL tops Q2 earnings and revenue estimates as E-Infrastructure growth, acquisitions and a record backlog drive results and higher 2026 guidance.

Zacks Investment Research8/3/2026Neutral

Compared to Estimates, Sterling Infrastructure (STRL) Q2 Earnings: A Look at Key Metrics

Although the revenue and EPS for Sterling Infrastructure (STRL) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Zacks Investment Research8/3/2026Neutral

Sterling Infrastructure (STRL) Beats Q2 Earnings and Revenue Estimates

Sterling Infrastructure (STRL) came out with quarterly earnings of $5.8 per share, beating the Zacks Consensus Estimate of $5.2 per share. This compares to earnings of $2.69 per share a year ago.

Historical Employee Count of STRL

Current

4,400

Change

+46.67%

Minimum

2,900

Maximum

4,400

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	4,400	10-K	Feb 26, 2026	View
Dec 31, 2024	3,000	10-K	Feb 26, 2025	View
Dec 31, 2023	3,000	10-K	Feb 27, 2024	View
Dec 31, 2022	3,200	10-K	Feb 28, 2023	View
Dec 31, 2021	2,900	10-K	Mar 1, 2022	View

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Sterling Infrastructure, Inc.