# Sterling Infrastructure, Inc.: overview

STRL · Nasdaq · CIK 874238 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/strl.md) · [Financials](/companies/strl/financials.md) · [Filings](/companies/strl/filings.md) · [Insiders](/companies/strl/insiders.md)

Latest reported revenue: [$1.17bn](/filings/0000874238-26-000103.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 4, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000874238-26-000103).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [594](/filings/0000874238-25-000136.md) | [499 d](/filings/0000874238-26-000024.md) | [431](/filings/0000874238-26-000055.md) | [614](/filings/0000874238-26-000103.md) | [689](/filings/0000874238-25-000136.md) | [756 d](/filings/0000874238-26-000024.md) | [826](/filings/0000874238-26-000055.md) | [1,168](/filings/0000874238-26-000103.md) |
| Gross margin | % | [21.9%](/filings/0000874238-25-000136.md) | [21.4% d](/filings/0000874238-26-000024.md) | [22.0%](/filings/0000874238-26-000055.md) | [23.3%](/filings/0000874238-26-000103.md) | [24.7%](/filings/0000874238-25-000136.md) | [21.7% d](/filings/0000874238-26-000024.md) | [23.5%](/filings/0000874238-26-000055.md) | [24.8%](/filings/0000874238-26-000103.md) |
| Operating margin | % | [14.7%](/filings/0000874238-25-000136.md) | [12.5% d](/filings/0000874238-26-000024.md) | [13.0%](/filings/0000874238-26-000055.md) | [17.0%](/filings/0000874238-26-000103.md) | [18.2%](/filings/0000874238-25-000136.md) | [15.9% d](/filings/0000874238-26-000024.md) | [16.7%](/filings/0000874238-26-000055.md) | [18.8%](/filings/0000874238-26-000103.md) |
| Net margin | % | [10.3%](/filings/0000874238-25-000136.md) | [22.7% d](/filings/0000874238-26-000024.md) | [9.2%](/filings/0000874238-26-000055.md) | [11.6%](/filings/0000874238-26-000103.md) | [13.4%](/filings/0000874238-25-000136.md) | [11.6% d](/filings/0000874238-26-000024.md) | [11.6%](/filings/0000874238-26-000055.md) | [13.3%](/filings/0000874238-26-000103.md) |
| Diluted EPS | $ per share | [1.97](/filings/0000874238-25-000136.md) | not reported | [1.28](/filings/0000874238-26-000055.md) | [2.31](/filings/0000874238-26-000103.md) | [2.97](/filings/0000874238-25-000136.md) | not reported | [3.09](/filings/0000874238-26-000055.md) | [5.00](/filings/0000874238-26-000103.md) |
| Free cash flow | $m | [138 d](/filings/0000874238-25-000136.md) | [159 d](/filings/0000874238-26-000024.md) | [67.0](/filings/0000874238-26-000055.md) | [72.1 d](/filings/0000874238-26-000103.md) | [64.0 d](/filings/0000874238-25-000136.md) | [160 d](/filings/0000874238-26-000024.md) | [146](/filings/0000874238-26-000055.md) | [112 d](/filings/0000874238-26-000103.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,414](/filings/0000874238-24-000032.md) | [1,769](/filings/0000874238-25-000025.md) | [1,972](/filings/0000874238-26-000024.md) | [2,116](/filings/0000874238-26-000024.md) | [2,490](/filings/0000874238-26-000024.md) |
| Gross margin | % | [14.4%](/filings/0000874238-24-000032.md) | [15.5%](/filings/0000874238-25-000025.md) | [17.1%](/filings/0000874238-26-000024.md) | [20.1%](/filings/0000874238-26-000024.md) | [23.0%](/filings/0000874238-26-000024.md) |
| Operating margin | % | [7.6%](/filings/0000874238-24-000032.md) | [9.0%](/filings/0000874238-25-000025.md) | [10.4%](/filings/0000874238-26-000024.md) | [12.5%](/filings/0000874238-26-000024.md) | [16.3%](/filings/0000874238-26-000024.md) |
| Net margin | % | [4.4%](/filings/0000874238-24-000032.md) | [6.0%](/filings/0000874238-25-000025.md) | [7.0%](/filings/0000874238-26-000024.md) | [12.2%](/filings/0000874238-26-000024.md) | [11.7%](/filings/0000874238-26-000024.md) |
| Diluted EPS | $ per share | [2.15](/filings/0000874238-24-000032.md) | [3.48](/filings/0000874238-25-000025.md) | [4.44](/filings/0000874238-26-000024.md) | [8.27](/filings/0000874238-26-000024.md) | [9.38](/filings/0000874238-26-000024.md) |
| Free cash flow | $m | [112](/filings/0000874238-24-000032.md) | [158](/filings/0000874238-25-000025.md) | [414](/filings/0000874238-26-000024.md) | [416](/filings/0000874238-26-000024.md) | [363](/filings/0000874238-26-000024.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/strl/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $2.71bn | 3,233,353 |  | Reduced −750,930 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.12bn | 1,332,730 |  | Added +12,978 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $1.10bn | 1,308,407 |  | Reduced −101,141 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $987.1m | 1,175,991 |  | Reduced −298,570 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $802.8m | 956,489 |  | Reduced −132,033 |
| [FIRST TRUST ADVISORS LP](/funds/1125816.md) | 2026-06-30 | $752.0m | 895,943 |  | Added +17,953 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $659.5m | 766,964 |  | Reduced −172,318 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $654.4m | 779,679 |  | Reduced −409,233 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $639.2m | 761,591 |  | Added +754,146 |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $564.2m | 672,194 |  | Reduced −94,720 |

## Recent filings

[All 972 filings](/companies/strl/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-28 | 16:16 ET | [8-K](/filings/0000874238-26-000122.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000874238-26-000122 |
| 2026-10-05 | 09:35 ET | [8-K](/filings/0000874238-26-000110.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000874238-26-000110 |
| 2026-08-04 | 09:14 ET | [10-Q](/filings/0000874238-26-000103.md) | Quarterly report, period 2026-06-30 | 0000874238-26-000103 |
| 2026-08-03 | 16:05 ET | [8-K](/filings/0000874238-26-000100.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000874238-26-000100 |
| 2026-07-10 | 16:02 ET | [8-K](/filings/0000874238-26-000095.md) | 5.02 Departure or appointment of officers or directors | 0000874238-26-000095 |
| 2026-07-08 | 09:07 ET | [8-K](/filings/0000874238-26-000093.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000874238-26-000093 |
| 2026-06-09 | 09:06 ET | [8-K](/filings/0000874238-26-000087.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000874238-26-000087 |
| 2026-05-21 | 16:07 ET | [8-K](/filings/0000874238-26-000083.md) | 5.02 Departure or appointment of officers or directors | 0000874238-26-000083 |
| 2026-05-12 | 09:12 ET | [8-K](/filings/0000874238-26-000078.md) | 7.01 Regulation FD disclosure | 0000874238-26-000078 |
| 2026-05-07 | 17:25 ET | [8-K](/filings/0000874238-26-000058.md) | 5.07 Shareholder vote results | 0000874238-26-000058 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000874238-26-000024.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, locked when the 8-K was accepted. It is scored when the 10-Q or 10-K is ingested. [See the target](/leagues/2026q3/targets/2617d9e9-416d-4047-a46e-051b532ae69c)

## About the filer

- CIK: 874238
- Tickers: STRL
- Exchange: Nasdaq
- SIC code: 1600 Heavy Construction Other Than Bldg Const - Contractors
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 09:15 ET. No prices; not investment advice.