Sterling Infrastructure (STRL) Financials

$182.86 -4.33 (-2.31%)

As of 03:50 PM Eastern

Annual Income Statements for Sterling Infrastructure

This table shows Sterling Infrastructure's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	257	139	106	63	42	40	25	12	-9.24	-39
Consolidated Net Income / (Loss)	271	143	106	63	44	41	30	16	-7.41	-36
Net Income / (Loss) Continuing Operations	257	139	98	64	44	41	30	16	-7.41	-17
Total Pre-Tax Income	358	191	140	89	63	14	31	16	-7.32	-17
Total Operating Income	265	206	160	107	93	38	43	26	-4.73	-14
Total Gross Profit	426	338	275	204	180	108	110	89	42	28
Total Revenue	2,116	1,972	1,769	1,414	1,227	1,126	1,038	958	690	624
Operating Revenue	2,116	1,972	1,769	1,414	1,227	1,126	1,038	958	690	624
Total Cost of Revenue	1,690	1,635	1,495	1,211	1,047	1,018	927	869	648	596
Operating Cost of Revenue	1,690	1,635	1,495	1,211	1,047	1,018	927	869	648	596
Total Operating Expenses	162	132	115	97	87	70	68	63	47	42
Selling, General & Admin Expense	118	99	86	69	64	49	48	47	37	40
Amortization Expense	17	15	14	11	11	4.70	2.40	1.80	-	-
Other Operating Expenses / (Income)	26	17	13	12	10	12	17	15	9.94	1.57
Restructuring Charge	0.42	0.87	0.83	3.88	1.03	4.31	0.00	0.00	-	-
Total Other Income / (Expense), net	94	-15	-20	-18	-29	-23	-11	-10	-2.57	-2.79
Interest Expense	25	29	21	18	29	24	12	11	2.60	3.25
Interest & Investment Income	119	14	0.89	0.05	0.15	1.14	1.02	0.31	0.03	0.46
Income Tax Expense	87	48	42	25	19	-26	1.74	0.12	0.09	0.01
Net Income / (Loss) Discontinued Operations	0.00	0.00	9.74	1.19	-	-	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	13	4.19	-	-	-	0.79	4.35	4.20	1.83	3.22
Basic Earnings per Share	$8.35	$4.51	$3.53	$2.19	$1.52	$1.50	$0.94	$0.44	($0.40)	($2.02)
Weighted Average Basic Shares Outstanding	30.83M	30.76M	30.20M	28.60M	27.86M	26.67M	26.90M	26.27M	23.14M	19.38M
Diluted Earnings per Share	$8.27	$4.44	$3.48	$2.15	$1.50	$1.47	$0.93	$0.43	($0.40)	($2.02)
Weighted Average Diluted Shares Outstanding	31.15M	31.21M	30.56M	29.10M	28.20M	27.12M	27.19M	26.71M	23.14M	19.38M
Weighted Average Basic & Diluted Shares Outstanding	30.60M	30.93M	30.59M	29.84M	28.21M	27.79M	26.80M	26.40M	23.10M	19.38M

This table shows Sterling Infrastructure's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	39	113	61	52	31	40	39	39	20	32	30
Consolidated Net Income / (Loss)	43	117	65	55	34	42	40	40	20	32	30
Net Income / (Loss) Continuing Operations	43	104	65	55	34	38	40	40	20	-38	62
Total Pre-Tax Income	58	156	89	73	41	55	54	55	27	31	45
Total Operating Income	56	62	87	73	42	56	57	60	33	37	49
Total Gross Profit	95	107	130	113	77	92	92	92	62	69	79
Total Revenue	431	499	594	583	440	486	560	522	404	449	493
Operating Revenue	431	499	594	583	440	486	560	522	404	449	493
Total Cost of Revenue	336	392	464	470	363	394	468	430	342	380	414
Operating Cost of Revenue	336	392	464	470	363	394	468	430	342	380	414
Total Operating Expenses	39	44	42	40	35	36	35	32	29	32	30
Selling, General & Admin Expense	35	33	31	28	27	26	25	24	23	23	22
Amortization Expense	4.50	4.18	4.28	4.28	4.30	4.02	3.74	3.74	3.74	3.51	3.51
Other Operating Expenses / (Income)	-0.55	7.42	7.28	7.77	3.15	5.34	5.65	4.18	1.87	5.05	4.15
Restructuring Charge	0.18	0.21	0.07	0.10	0.04	0.52	0.10	0.06	0.19	0.27	0.08
Total Other Income / (Expense), net	1.60	93	1.31	-0.21	-0.76	-0.99	-3.11	-5.53	-5.55	-5.65	-4.97
Interest Expense	5.23	5.79	6.29	6.51	6.66	6.80	7.26	7.73	7.53	6.33	5.14
Interest & Investment Income	6.83	99	7.59	6.31	5.90	5.81	4.15	2.20	1.97	0.68	0.17
Income Tax Expense	15	38	23	18	7.60	12	14	15	7.03	11	13
Net Income / (Loss) Attributable to Noncontrolling Interest	3.11	3.98	4.07	2.70	2.71	2.26	0.79	0.75	0.39	-	0.63
Basic Earnings per Share	$1.29	$3.67	$2.00	$1.68	$1.00	$1.31	$1.28	$1.28	$0.64	$1.05	$0.98
Weighted Average Basic Shares Outstanding	30.55M	30.83M	30.74M	30.91M	30.98M	30.76M	30.80M	30.78M	30.62M	30.20M	30.28M
Diluted Earnings per Share	$1.28	$3.63	$1.97	$1.67	$1.00	$1.27	$1.26	$1.27	$0.64	$1.01	$0.97
Weighted Average Diluted Shares Outstanding	30.88M	31.15M	31.07M	31.15M	31.19M	31.21M	31.22M	31M	30.79M	30.56M	30.54M
Weighted Average Basic & Diluted Shares Outstanding	30.41M	30.60M	30.71M	30.73M	30.86M	30.93M	30.84M	30.82M	30.79M	30.59M	30.33M

This table details how cash moves in and out of Sterling Infrastructure's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	193	286	97	16	22	-47	10	41	38	-18
Net Cash From Operating Activities	497	479	219	159	123	42	39	25	44	8.68
Net Cash From Continuing Operating Activities	497	479	219	159	123	42	39	25	44	8.68
Net Income / (Loss) Continuing Operations	271	143	108	65	43	41	30	16	-7.41	-36
Consolidated Net Income / (Loss)	271	143	108	65	43	41	30	16	-7.41	-36
Depreciation Expense	68	57	52	34	33	21	17	17	16	16
Amortization Expense	1.15	1.73	2.14	2.24	3.19	3.39	3.25	2.56	0.35	-
Non-Cash Adjustments To Reconcile Net Income	-76	9.34	-9.03	8.34	11	7.57	2.48	3.77	30	17
Changes in Operating Assets and Liabilities, net	232	267	66	49	33	-30	-13	-14	5.86	12
Net Cash From Investing Activities	-186	-88	-90	-223	-30	-410	-11	-56	-8.17	-4.49
Net Cash From Continuing Investing Activities	-186	-88	-90	-223	-30	-410	-11	-56	-8.17	-4.49
Purchase of Property, Plant & Equipment	-81	-64	-61	-47	-33	-15	-13	-9.42	-11	-8.09
Acquisitions	-11	-51	-18	-181	0.00	-396	0.00	-55	0.00	0.00
Sale of Property, Plant & Equipment	10	14	4.95	4.11	2.37	1.33	1.79	8.38	2.71	8.54
Divestitures	0.00	14	-16	0.00	0.00	-	-	-	-	-
Other Investing Activities, net	-104	0.00	0.00	-	-	-	-	-	-	-4.95
Net Cash From Financing Activities	-119	-105	-33	81	-70	321	-18	72	2.26	-23
Net Cash From Continuing Financing Activities	-119	-105	-33	81	-70	321	-18	72	2.26	-23
Repayment of Debt	-27	-95	-23	-50	-68	-99	-12	-13	-16	-181
Repurchase of Common Equity	-71	0.00	0.00	-	-	-3.20	-4.73	0.00	0.00	-
Payment of Dividends	0.00	-2.45	0.00	-2.48	-0.43	-7.36	-1.35	0.00	-1.08	-3.40
Issuance of Debt	0.00	2.56	0.00	140	0.00	430	0.00	85	0.00	162
Other Financing Activities, net	-21	-9.57	-9.42	-7.34	-1.99	-	-	-	-	-
Cash Interest Paid	23	27	19	17	27	12	11	9.80	2.63	2.89
Cash Income Taxes Paid	53	37	5.60	3.06	4.75	0.09	0.28	0.28	0.07	0.55

This table details how cash moves in and out of Sterling Infrastructure's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-26	16	108	60	8.85	62	131	72	20	31	73
Net Cash From Operating Activities	85	174	152	121	50	147	150	132	49	81	96
Net Cash From Continuing Operating Activities	85	174	152	121	50	147	150	132	49	81	96
Net Income / (Loss) Continuing Operations	43	117	65	55	34	42	40	40	20	32	30
Consolidated Net Income / (Loss)	43	117	65	55	34	42	40	40	20	32	30
Depreciation Expense	17	18	17	17	16	15	15	14	14	14	13
Amortization Expense	0.26	0.27	0.28	0.29	0.31	0.39	0.46	0.46	0.42	0.50	0.53
Non-Cash Adjustments To Reconcile Net Income	4.01	-86	4.06	2.42	4.00	2.46	2.50	2.80	1.57	-13	1.70
Changes in Operating Assets and Liabilities, net	21	125	65	47	-4.73	87	92	75	13	47	51
Net Cash From Investing Activities	-54	-124	-17	-24	-21	-62	-9.30	-23	6.51	-42	-17
Net Cash From Continuing Investing Activities	-54	-124	-17	-24	-21	-62	-9.30	-23	6.51	-42	-17
Purchase of Property, Plant & Equipment	-18	-16	-14	-29	-22	-15	-10	-25	-14	-13	-19
Acquisitions	-38	-6.40	-3.81	-	-1.02	-51	-	-	0.00	-15	-
Sale of Property, Plant & Equipment	1.57	2.32	0.89	4.54	2.40	4.20	1.08	1.80	6.73	1.90	2.09
Net Cash From Financing Activities	-56	-35	-27	-37	-20	-23	-9.53	-37	-35	-7.66	-5.98
Net Cash From Continuing Financing Activities	-56	-35	-27	-37	-20	-23	-9.53	-37	-35	-7.66	-5.98
Repayment of Debt	-6.61	-6.61	-6.61	-6.67	-6.68	-18	-9.28	-37	-31	-5.76	-5.84
Repurchase of Common Equity	-44	-20	-20	-	-	-	-	-	-	-	-
Other Financing Activities, net	-5.77	-8.04	-0.14	-0.25	-13	-4.99	-0.25	-0.04	-4.29	-1.90	-0.14

This table presents Sterling Infrastructure's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	2,017	1,777	1,442	1,235	953	935	483	463	302	266
Total Current Assets	1,022	848	597	435	362	330	303	279	176	135
Cash & Equivalents	664	472	182	61	66	46	94	84	43	4.43
Note & Lease Receivable	279	252	263	200	177	169	145	134	84	82
Other Current Assets	79	124	153	102	118	116	63	56	13	19
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	52	54	68	73
Total Noncurrent Assets	995	929	844	800	591	604	128	130	58	58
Long-Term Investments	107	0.00	-	-	-	-	-	-	-	-
Goodwill	265	281	263	258	192	192	85	85	55	55
Intangible Assets	316	328	299	303	245	256	42	45	0.00	-
Other Noncurrent Operating Assets	307	320	283	218	154	130	0.31	0.32	2.97	2.95
Total Liabilities & Shareholders' Equity	2,017	1,777	1,442	1,235	953	935	483	463	302	266
Total Liabilities	1,190	1,153	964	875	684	713	310	317	194	170
Total Current Liabilities	742	678	447	352	322	266	179	182	147	104
Short-Term Debt	26	27	33	23	77	42	2.90	3.98	3.85	4.86
Accounts Payable	130	146	122	113	95	138	99	97	67	59
Current Deferred Revenue	509	444	239	119	114	58	62	62	64	31
Current Employee Benefit Liabilities	37	28	24	20	18	14	9.45	9.05	5.32	5.98
Other Current Liabilities	39	34	29	25	17	13	4.68	-	-	-
Total Noncurrent Liabilities	448	475	517	523	362	447	131	135	47	66
Long-Term Debt	290	315	399	429	291	391	79	87	1.91	16
Noncurrent Deferred & Payable Income Tax Liabilities	109	77	52	18	0.00	-	1.45	0.00	-	-
Other Noncurrent Operating Liabilities	49	83	67	37	71	57	51	47	45	50
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Total Equity & Noncontrolling Interests	826	624	478	360	269	221	172	146	108	96
Total Preferred & Common Equity	808	619	475	359	267	220	164	141	107	96
Total Common Equity	808	619	475	359	267	220	164	141	107	96
Common Stock	289	294	288	281	257	251	234	231	209	188
Retained Earnings	582	325	186	80	17	-25	-65	-90	-102	-93
Treasury Stock	-63	0.00	-	-	-1.45	-6.14	-4.73	0.00	-	-
Noncontrolling Interest	18	4.94	3.20	1.46	1.46	1.29	7.86	4.86	0.66	-0.09

This table presents Sterling Infrastructure's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,035	2,024	1,965	1,817	1,724	1,567	1,431	1,503
Total Current Assets	998	1,084	1,017	879	876	716	588	670
Cash & Equivalents	639	648	540	480	409	278	203	146
Note & Lease Receivable	286	330	375	274	326	296	230	330
Other Current Assets	73	106	102	124	140	141	155	194
Plant, Property, & Equipment, net	245	271	0.00	259	231	0.00	215	0.00
Total Noncurrent Assets	792	669	948	680	617	852	628	834
Long-Term Investments	109	-	-	-	-	-	-	-
Goodwill	284	281	281	281	263	263	263	253
Intangible Assets	334	316	320	324	288	292	295	294
Other Noncurrent Operating Assets	65	73	347	74	66	297	70	287
Total Liabilities & Shareholders' Equity	2,035	2,024	1,965	1,817	1,724	1,567	1,431	1,503
Total Liabilities	1,208	1,293	1,284	1,165	1,138	1,025	933	1,063
Total Current Liabilities	757	839	821	706	686	568	445	512
Short-Term Debt	26	26	26	26	35	35	35	30
Accounts Payable	129	160	164	135	150	141	119	193
Current Employee Benefit Liabilities	25	43	30	20	36	25	17	37
Other Current Liabilities	577	609	45	524	465	31	273	28
Total Noncurrent Liabilities	451	454	463	460	452	458	488	551
Long-Term Debt	284	296	302	309	322	329	366	407
Noncurrent Deferred & Payable Income Tax Liabilities	110	83	80	78	62	58	54	40
Other Noncurrent Operating Liabilities	57	75	80	73	69	70	68	104
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	827	731	681	652	585	542	498	440
Total Preferred & Common Equity	805	717	671	645	580	538	495	437
Total Common Equity	805	717	671	645	580	538	495	437
Common Stock	283	296	292	288	295	292	289	282
Retained Earnings	622	469	408	356	285	246	206	155
Treasury Stock	-100	-49	-29	-	-	-	-	-
Noncontrolling Interest	22	14	10	7.65	5.13	4.34	3.59	2.78

This table displays calculated financial ratios and metrics derived from Sterling Infrastructure's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.28%	11.46%	25.10%	15.30%	8.92%	8.54%	8.32%	38.81%	10.67%	-7.23%
EBITDA Growth	26.14%	23.76%	49.23%	11.56%	107.80%	-1.19%	36.95%	304.04%	512.17%	-86.91%
EBIT Growth	28.59%	28.73%	49.40%	15.54%	145.33%	-11.41%	62.79%	653.52%	67.13%	-240.60%
NOPAT Growth	29.75%	37.33%	45.77%	20.11%	-39.55%	163.66%	54.89%	884.89%	67.13%	-240.60%
Net Income Growth	89.66%	34.18%	69.94%	43.28%	7.44%	37.76%	86.76%	313.40%	79.39%	-588.23%
EPS Growth	86.26%	27.59%	61.86%	43.33%	2.04%	58.06%	116.28%	207.50%	80.20%	-274.07%
Operating Cash Flow Growth	3.87%	118.42%	37.87%	29.32%	192.14%	6.57%	59.38%	-44.06%	410.30%	13,871.43%
Free Cash Flow Firm Growth	-16.83%	190.04%	232.70%	-199.33%	129.65%	-1,116.42%	159.53%	-250.96%	6.68%	289.79%
Invested Capital Growth	-24.83%	-32.13%	-2.87%	31.14%	-6.14%	279.93%	4.28%	116.17%	-36.47%	-28.78%
Revenue Q/Q Growth	0.61%	1.93%	13.81%	6.59%	-14.02%	8.83%	0.12%	9.81%	2.35%	-0.18%
EBITDA Q/Q Growth	2.88%	8.16%	11.57%	0.96%	6.88%	8.24%	10.78%	49.29%	-72.71%	106.60%
EBIT Q/Q Growth	2.52%	10.01%	12.32%	0.82%	10.64%	0.86%	6.08%	88.44%	-817.60%	28.37%
NOPAT Q/Q Growth	1.75%	13.88%	10.75%	2.55%	-40.54%	206.00%	4.59%	103.01%	-817.60%	28.37%
Net Income Q/Q Growth	38.11%	7.89%	27.54%	3.57%	-26.32%	64.19%	8.19%	176.09%	65.15%	-61.52%
EPS Q/Q Growth	39.93%	6.22%	22.54%	8.59%	-28.91%	68.97%	9.41%	437.50%	66.10%	-41.26%
Operating Cash Flow Q/Q Growth	5.72%	16.12%	35.79%	-4.48%	-2.34%	93.81%	-12.72%	72.57%	242.41%	-82.18%
Free Cash Flow Firm Q/Q Growth	-0.41%	16.58%	230.83%	-178.76%	134.98%	-2,379.15%	-21.46%	18.54%	-40.98%	374.13%
Invested Capital Q/Q Growth	-8.44%	-7.32%	-0.36%	42.26%	-1.42%	235.39%	-1.00%	-7.57%	-15.35%	-23.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.14%	17.12%	15.52%	14.39%	14.64%	9.57%	10.63%	9.30%	6.09%	4.43%
EBITDA Margin	15.79%	13.43%	12.10%	10.14%	10.48%	5.49%	6.04%	4.77%	1.64%	0.30%
Operating Margin	12.51%	10.43%	9.04%	7.57%	7.55%	3.35%	4.11%	2.73%	-0.69%	-2.31%
EBIT Margin	12.51%	10.43%	9.04%	7.57%	7.55%	3.35%	4.11%	2.73%	-0.69%	-2.31%
Profit (Net Income) Margin	12.80%	7.24%	6.02%	4.43%	3.56%	3.61%	2.85%	1.65%	-1.07%	-5.77%
Tax Burden Percent	75.62%	74.94%	75.95%	70.54%	69.25%	281.06%	94.44%	99.26%	101.20%	209.33%
Interest Burden Percent	135.39%	92.62%	87.67%	82.99%	68.17%	38.35%	73.40%	60.88%	154.87%	119.41%
Effective Tax Rate	24.38%	25.06%	29.76%	28.01%	30.75%	-181.06%	5.56%	0.74%	0.00%	0.00%
Return on Invested Capital (ROIC)	46.27%	25.25%	15.21%	11.67%	10.87%	27.60%	25.65%	23.13%	-3.62%	-7.49%
ROIC Less NNEP Spread (ROIC-NNEP)	22.07%	6.25%	13.38%	7.51%	4.95%	-7.25%	485.61%	91.80%	35.56%	-169.36%
Return on Net Nonoperating Assets (RNNOA)	-8.91%	0.68%	10.20%	8.25%	6.97%	-6.92%	-7.10%	-10.69%	-3.65%	-22.87%
Return on Equity (ROE)	37.36%	25.93%	25.41%	19.92%	17.85%	20.69%	18.55%	12.44%	-7.27%	-30.36%
Cash Return on Invested Capital (CROIC)	74.61%	63.54%	18.12%	-15.27%	17.20%	-89.05%	21.46%	-50.36%	40.98%	26.13%
Operating Return on Assets (OROA)	13.95%	12.79%	11.95%	9.78%	9.81%	5.33%	9.01%	6.84%	-1.67%	-5.03%
Return on Assets (ROA)	14.28%	8.88%	7.96%	5.73%	4.63%	5.74%	6.25%	4.13%	-2.61%	-12.56%
Return on Common Equity (ROCE)	36.76%	25.74%	25.27%	19.83%	17.75%	20.20%	17.81%	12.17%	-7.25%	-29.41%
Return on Equity Simple (ROE_SIMPLE)	33.53%	23.08%	22.43%	17.46%	16.36%	18.50%	17.97%	11.19%	-6.90%	-37.52%
Net Operating Profit after Tax (NOPAT)	200	154	112	77	64	106	40	26	-3.31	-10
NOPAT Margin	9.46%	7.82%	6.35%	5.45%	5.23%	9.42%	3.88%	2.71%	-0.48%	-1.62%
Net Nonoperating Expense Percent (NNEP)	24.20%	19.00%	1.83%	4.16%	5.92%	34.86%	-459.96%	-68.67%	-39.18%	161.87%
Return On Investment Capital (ROIC_SIMPLE)	17.51%	15.98%	12.35%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	79.86%	82.88%	84.48%	85.61%	85.36%	90.43%	89.37%	90.70%	93.91%	95.57%
SG&A Expenses to Revenue	5.60%	5.00%	4.89%	4.89%	5.24%	4.37%	4.65%	4.86%	5.34%	6.49%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.63%	6.69%	6.48%	6.82%	7.09%	6.22%	6.53%	6.57%	6.78%	6.74%
Earnings before Interest and Taxes (EBIT)	265	206	160	107	93	38	43	26	-4.73	-14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	334	265	214	143	129	62	63	46	11	1.85
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.40	4.38	2.10	2.11	1.96	1.77	1.79	3.12	1.97	1.24
Price to Tangible Book Value (P/TBV)	22.78	288.50	0.00	0.00	0.00	0.00	8.02	38.92	4.02	2.90
Price to Revenue (P/Rev)	2.45	1.37	0.56	0.54	0.43	0.35	0.28	0.46	0.31	0.19
Price to Earnings (P/E)	20.09	19.56	9.34	12.09	12.36	9.78	11.70	37.91	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.98%	5.11%	10.70%	8.27%	8.09%	10.22%	8.54%	2.64%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	12.76	5.24	1.72	1.53	1.45	1.28	1.81	2.95	2.46	1.21
Enterprise Value to Revenue (EV/Rev)	2.24	1.31	0.71	0.81	0.67	0.69	0.28	0.47	0.25	0.22
Enterprise Value to EBITDA (EV/EBITDA)	14.17	9.76	5.83	8.01	6.43	12.59	4.64	9.90	15.47	73.06
Enterprise Value to EBIT (EV/EBIT)	17.90	12.57	7.81	10.74	8.93	20.63	6.82	17.29	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	23.67	16.77	11.11	14.92	12.89	7.34	7.22	17.42	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.53	5.40	5.69	7.23	6.73	18.52	7.36	18.28	3.96	15.57
Enterprise Value to Free Cash Flow (EV/FCFF)	14.68	6.67	9.33	0.00	8.15	0.00	8.63	0.00	4.67	3.85
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.38	0.55	0.90	1.25	1.37	1.96	0.48	0.63	0.05	0.21
Long-Term Debt to Equity	0.35	0.50	0.83	1.19	1.08	1.77	0.46	0.60	0.02	0.16
Financial Leverage	-0.40	0.11	0.76	1.10	1.41	0.95	-0.01	-0.12	-0.10	0.14
Leverage Ratio	2.62	2.92	3.19	3.48	3.85	3.60	2.97	3.01	2.79	2.42
Compound Leverage Factor	3.54	2.71	2.80	2.89	2.63	1.38	2.18	1.83	4.32	2.89
Debt to Total Capital	27.68%	35.38%	47.45%	55.64%	57.84%	66.19%	32.25%	38.47%	5.06%	17.65%
Short-Term Debt to Total Capital	2.31%	2.75%	3.59%	2.88%	12.15%	6.49%	1.14%	1.67%	3.38%	4.18%
Long-Term Debt to Total Capital	25.37%	32.63%	43.86%	52.76%	45.69%	59.70%	31.11%	36.80%	1.68%	13.47%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.61%	0.51%	0.35%	0.18%	0.23%	0.20%	3.09%	2.04%	0.58%	-0.08%
Common Equity to Total Capital	70.71%	64.11%	52.20%	44.18%	41.93%	33.61%	64.65%	59.48%	94.37%	82.43%
Debt to EBITDA	0.95	1.29	2.02	3.15	2.87	7.00	1.31	2.00	0.51	11.10
Net Debt to EBITDA	-1.36	-0.49	1.17	2.73	2.35	6.26	-0.19	0.16	-3.27	8.70
Long-Term Debt to EBITDA	0.87	1.19	1.86	2.99	2.26	6.31	1.26	1.91	0.17	8.47
Debt to NOPAT	1.58	2.21	3.84	5.87	5.75	4.08	2.04	3.52	-1.74	-2.04
Net Debt to NOPAT	-2.28	-0.84	2.22	5.07	4.72	3.65	-0.30	0.29	11.19	-1.60
Long-Term Debt to NOPAT	1.45	2.04	3.55	5.56	4.54	3.68	1.97	3.37	-0.58	-1.56
Altman Z-Score	4.66	3.27	2.52	2.12	2.14	1.71	3.13	3.06	2.53	2.24
Noncontrolling Interest Sharing Ratio	1.61%	0.74%	0.56%	0.46%	0.56%	2.33%	3.99%	2.17%	0.28%	3.11%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.38	1.25	1.34	1.24	1.12	1.24	1.69	1.53	1.20	1.29
Quick Ratio	1.27	1.07	0.99	0.74	0.76	0.81	1.33	1.20	1.09	1.09
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	323	388	134	-101	101	-342	34	-57	37	35
Operating Cash Flow to CapEx	702.15%	946.29%	391.54%	373.62%	403.06%	299.13%	346.81%	2,390.64%	541.64%	0.00%
Free Cash Flow to Firm to Interest Expense	12.78	13.23	6.50	-5.53	3.46	-14.02	2.73	-5.36	14.41	10.80
Operating Cash Flow to Interest Expense	19.68	16.32	10.64	8.71	4.19	1.72	3.20	2.35	17.03	2.67
Operating Cash Flow Less CapEx to Interest Expense	16.88	14.60	7.92	6.38	3.15	1.15	2.27	2.25	13.88	2.81
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.12	1.23	1.32	1.29	1.30	1.59	2.19	2.50	2.43	2.18
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	23.15	20.68
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	208.64	207.61	119.96
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	19.50	15.64	9.75	7.77
Accounts Payable Turnover	12.23	12.21	12.74	11.65	9.00	8.59	9.42	10.56	10.28	9.48
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	15.76	17.65
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.75	1.76	3.04
Days Payable Outstanding (DPO)	29.85	29.91	28.65	31.34	40.57	42.47	38.75	34.56	35.50	38.51
Cash Conversion Cycle (CCC)	-29.85	-29.91	-28.65	-31.34	-40.57	-42.47	-38.75	-32.81	-17.98	-17.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	371	494	728	749	571	609	160	154	71	112
Invested Capital Turnover	4.89	3.23	2.40	2.14	2.08	2.93	6.61	8.53	7.55	4.64
Increase / (Decrease) in Invested Capital	-123	-234	-21	178	-37	448	6.57	83	-41	-45
Enterprise Value (EV)	4,737	2,586	1,248	1,150	827	779	291	453	175	135
Market Capitalization	5,174	2,712	995	757	523	390	295	440	212	119
Book Value per Share	$26.31	$20.07	$15.65	$12.46	$9.51	$7.93	$6.07	$5.22	$4.30	$4.89
Tangible Book Value per Share	$7.39	$0.30	($2.88)	($7.04)	($6.04)	($8.24)	$1.36	$0.42	$2.10	$2.09
Total Capital	1,143	965	909	812	637	654	254	238	114	116
Total Debt	316	342	431	452	369	433	82	91	5.76	21
Total Long-Term Debt	290	315	399	429	291	391	79	87	1.91	16
Net Debt	-455	-130	250	391	302	387	-12	7.46	-37	16
Capital Expenditures (CapEx)	71	51	56	43	30	14	11	1.04	8.17	-0.46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-358	-275	1.71	45	51	61	32	16	-9.62	31
Debt-free Net Working Capital (DFNWC)	306	196	183	106	117	106	126	100	33	35
Net Working Capital (NWC)	280	170	151	83	40	64	123	96	29	31
Net Nonoperating Expense (NNE)	-71	11	5.84	14	20	65	11	10	4.10	26
Net Nonoperating Obligations (NNO)	-455	-130	250	389	302	387	-12	7.43	-37	16
Total Depreciation and Amortization (D&A)	70	59	54	36	36	24	20	20	16	16
Debt-free, Cash-free Net Working Capital to Revenue	-16.91%	-13.96%	0.10%	3.21%	4.15%	5.39%	3.11%	1.70%	-1.39%	4.98%
Debt-free Net Working Capital to Revenue	14.48%	9.95%	10.36%	7.52%	9.55%	9.46%	12.18%	10.46%	4.81%	5.69%
Net Working Capital to Revenue	13.23%	8.61%	8.51%	5.86%	3.23%	5.68%	11.90%	10.05%	4.25%	4.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$8.35	$4.51	$3.53	$0.00	$1.52	$1.50	$0.94	$0.44	($0.40)	($2.02)
Adjusted Weighted Average Basic Shares Outstanding	30.83M	30.76M	30.20M	0.00	27.86M	26.67M	26.90M	26.27M	25.05M	19.77M
Adjusted Diluted Earnings per Share	$8.27	$4.44	$3.48	$0.00	$1.50	$1.47	$0.93	$0.43	($0.40)	($2.02)
Adjusted Weighted Average Diluted Shares Outstanding	31.15M	31.21M	30.56M	0.00	28.20M	27.12M	27.19M	26.71M	25.05M	19.77M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($0.40)	($2.02)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	30.60M	30.93M	30.59M	0.00	28.21M	27.79M	26.64M	27.03M	23.14M	19.38M
Normalized Net Operating Profit after Tax (NOPAT)	200	155	113	80	65	29	40	26	-3.31	-10
Normalized NOPAT Margin	9.47%	7.85%	6.38%	5.64%	5.29%	2.61%	3.88%	2.71%	-0.48%	-1.62%
Pre Tax Income Margin	16.93%	9.67%	7.92%	6.28%	5.15%	1.29%	3.01%	1.66%	-1.06%	-2.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.48	7.02	7.76	5.86	3.16	1.55	3.45	2.48	-1.82	-4.42
NOPAT to Interest Expense	7.92	5.26	5.45	4.22	2.19	4.35	3.26	2.46	-1.27	-3.10
EBIT Less CapEx to Interest Expense	7.67	5.29	5.05	3.53	2.12	0.97	2.53	2.38	-4.96	-4.28
NOPAT Less CapEx to Interest Expense	5.12	3.54	2.74	1.89	1.15	3.77	2.34	2.36	-4.42	-2.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	1.72%	0.00%	3.95%	0.99%	18.09%	4.57%	0.00%	-14.56%	-9.46%
Augmented Payout Ratio	26.06%	1.72%	0.00%	3.95%	0.99%	25.95%	20.59%	0.00%	-14.56%	-9.46%

This table displays calculated financial ratios and metrics derived from Sterling Infrastructure's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.14%	2.65%	5.96%	11.58%	9.11%	8.33%	13.65%	13.10%	10.28%	91.76%	6.39%
EBITDA Growth	24.94%	13.19%	45.11%	20.42%	25.56%	39.12%	14.73%	28.39%	12.13%	76.94%	53.45%
EBIT Growth	33.12%	11.66%	53.13%	20.69%	29.11%	50.55%	15.49%	37.00%	11.12%	89.92%	54.46%
NOPAT Growth	20.45%	8.56%	51.79%	23.56%	42.36%	77.28%	21.87%	39.57%	13.32%	80.77%	45.41%
Net Income Growth	26.16%	176.16%	62.92%	35.66%	68.46%	32.66%	33.10%	52.55%	11.69%	255.31%	38.61%
EPS Growth	28.00%	185.83%	56.35%	31.50%	56.25%	25.74%	29.90%	47.67%	0.00%	172.97%	34.72%
Operating Cash Flow Growth	71.17%	18.25%	1.44%	-8.39%	1.09%	82.05%	56.05%	757.13%	84.65%	249.06%	117.39%
Free Cash Flow Firm Growth	-28.74%	-38.81%	-20.03%	10.40%	207.21%	504.11%	242.07%	190.50%	142.78%	127.90%	-319.71%
Invested Capital Growth	-23.27%	-24.83%	-23.91%	-25.19%	-27.19%	-32.13%	-27.03%	-19.13%	-6.53%	-2.87%	38.68%
Revenue Q/Q Growth	-13.61%	-15.98%	1.87%	32.35%	-9.39%	-13.27%	7.28%	29.42%	-10.04%	-9.01%	6.76%
EBITDA Q/Q Growth	-8.81%	-23.52%	16.88%	53.27%	-17.38%	-1.95%	-3.01%	59.81%	-8.46%	-19.14%	8.54%
EBIT Q/Q Growth	-9.95%	-28.83%	20.29%	72.66%	-24.46%	-2.40%	-5.19%	84.70%	-11.92%	-25.13%	12.47%
NOPAT Q/Q Growth	-11.70%	-27.21%	17.73%	59.19%	-20.42%	1.78%	-4.17%	83.40%	-0.90%	-30.03%	9.76%
Net Income Q/Q Growth	-63.66%	79.21%	19.82%	61.66%	-20.45%	5.72%	-0.23%	100.75%	-37.35%	6.07%	14.35%
EPS Q/Q Growth	-64.74%	84.26%	17.96%	67.00%	-21.26%	0.79%	-0.79%	98.44%	-36.63%	4.12%	12.79%
Operating Cash Flow Q/Q Growth	-51.29%	14.44%	25.88%	143.94%	-66.35%	-1.82%	13.68%	169.17%	-39.40%	-15.85%	524.39%
Free Cash Flow Firm Q/Q Growth	-5.96%	-11.63%	-9.93%	-4.79%	-19.25%	15.49%	24.34%	164.93%	58.79%	127.16%	20.80%
Invested Capital Q/Q Growth	4.80%	-8.44%	-13.72%	-7.31%	2.67%	-7.32%	-15.18%	-9.79%	-4.30%	-0.36%	-5.99%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.01%	21.39%	21.86%	19.34%	17.46%	18.88%	16.39%	17.67%	15.30%	15.37%	16.11%
EBITDA Margin	17.01%	16.12%	17.71%	15.43%	13.33%	14.62%	12.93%	14.30%	11.58%	11.38%	12.81%
Operating Margin	13.01%	12.48%	14.74%	12.48%	9.57%	11.48%	10.20%	11.54%	8.08%	8.26%	10.03%
EBIT Margin	13.01%	12.48%	14.74%	12.48%	9.57%	11.48%	10.20%	11.54%	8.08%	8.26%	10.03%
Profit (Net Income) Margin	9.88%	23.49%	11.01%	9.36%	7.67%	8.73%	7.16%	7.70%	4.97%	7.13%	6.12%
Tax Burden Percent	73.85%	75.32%	73.64%	75.25%	81.62%	77.47%	74.29%	73.50%	74.02%	101.88%	67.76%
Interest Burden Percent	102.84%	249.86%	101.49%	99.71%	98.19%	98.22%	94.56%	90.83%	82.98%	84.76%	89.95%
Effective Tax Rate	26.15%	24.68%	26.36%	24.75%	18.38%	22.53%	25.71%	26.50%	25.98%	34.21%	29.60%
Return on Invested Capital (ROIC)	45.18%	46.00%	48.65%	35.40%	26.07%	28.71%	23.21%	22.55%	15.01%	13.02%	17.48%
ROIC Less NNEP Spread (ROIC-NNEP)	44.78%	21.98%	48.14%	35.65%	23.72%	27.43%	21.27%	20.76%	13.55%	15.40%	15.59%
Return on Net Nonoperating Assets (RNNOA)	-17.65%	-8.87%	-13.83%	-3.64%	1.09%	2.98%	4.93%	9.96%	8.75%	11.74%	10.09%
Return on Equity (ROE)	27.53%	37.13%	34.82%	31.76%	27.16%	31.69%	28.14%	32.51%	23.75%	24.76%	27.57%
Cash Return on Invested Capital (CROIC)	72.77%	74.61%	69.08%	60.66%	58.81%	63.54%	52.70%	39.34%	22.72%	18.12%	-16.27%
Operating Return on Assets (OROA)	14.23%	13.92%	16.54%	14.62%	11.83%	14.06%	12.23%	14.75%	10.93%	10.92%	12.15%
Return on Assets (ROA)	10.81%	26.20%	12.36%	10.97%	9.48%	10.70%	8.59%	9.85%	6.71%	9.43%	7.41%
Return on Common Equity (ROCE)	26.99%	36.53%	34.30%	31.38%	26.89%	31.46%	27.92%	32.29%	23.61%	24.62%	27.42%
Return on Equity Simple (ROE_SIMPLE)	34.73%	0.00%	27.38%	25.48%	24.29%	0.00%	22.81%	22.77%	21.95%	0.00%	19.10%
Net Operating Profit after Tax (NOPAT)	41	47	64	55	34	43	42	44	24	24	35
NOPAT Margin	9.61%	9.40%	10.85%	9.39%	7.81%	8.89%	7.58%	8.48%	5.98%	5.43%	7.06%
Net Nonoperating Expense Percent (NNEP)	0.40%	24.02%	0.51%	-0.25%	2.36%	1.28%	1.94%	1.78%	1.45%	-2.39%	1.89%
Return On Investment Capital (ROIC_SIMPLE)	3.64%	4.10%	-	-	-	4.48%	-	-	-	2.68%	-
Cost of Revenue to Revenue	77.99%	78.61%	78.14%	80.66%	82.54%	81.12%	83.61%	82.33%	84.70%	84.63%	83.89%
SG&A Expenses to Revenue	8.04%	6.53%	5.17%	4.78%	6.20%	5.37%	4.50%	4.60%	5.78%	5.15%	4.51%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.00%	8.90%	7.13%	6.86%	7.90%	7.41%	6.20%	6.13%	7.21%	7.12%	6.08%
Earnings before Interest and Taxes (EBIT)	56	62	87	73	42	56	57	60	33	37	49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	73	80	105	90	59	71	72	75	47	51	63
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.30	6.40	6.22	5.45	5.28	4.38	3.90	3.20	2.34	2.10	1.49
Price to Tangible Book Value (P/TBV)	18.42	22.78	37.26	52.56	86.99	288.50	76.14	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.64	2.45	2.12	1.76	1.69	1.37	1.17	0.92	0.64	0.56	0.42
Price to Earnings (P/E)	13.03	20.09	24.17	22.48	22.67	19.56	17.39	14.27	10.84	9.34	7.60
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.67%	4.98%	4.14%	4.45%	4.41%	5.11%	5.75%	7.01%	9.22%	10.70%	13.16%
Enterprise Value to Invested Capital (EV/IC)	7.84	12.76	10.23	7.35	6.44	5.24	4.16	2.88	1.95	1.72	1.29
Enterprise Value to Revenue (EV/Rev)	1.45	2.24	1.97	1.67	1.62	1.31	1.15	0.97	0.75	0.71	0.61
Enterprise Value to EBITDA (EV/EBITDA)	8.74	14.17	12.76	11.82	11.79	9.76	9.05	7.68	6.21	5.83	4.92
Enterprise Value to EBIT (EV/EBIT)	10.94	17.90	16.06	15.15	15.16	12.57	11.85	10.08	8.34	7.81	6.63
Enterprise Value to NOPAT (EV/NOPAT)	14.65	23.67	21.08	19.75	19.84	16.77	16.37	14.16	11.82	11.11	9.31
Enterprise Value to Operating Cash Flow (EV/OCF)	5.73	9.53	8.82	7.37	6.81	5.40	5.38	5.05	5.63	5.69	5.85
Enterprise Value to Free Cash Flow (EV/FCFF)	9.35	14.68	12.79	10.36	9.23	6.67	6.66	6.55	8.31	9.33	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.37	0.38	0.44	0.48	0.51	0.55	0.61	0.67	0.80	0.90	0.99
Long-Term Debt to Equity	0.34	0.35	0.41	0.44	0.47	0.50	0.55	0.61	0.73	0.83	0.93
Financial Leverage	-0.39	-0.40	-0.29	-0.10	0.05	0.11	0.23	0.48	0.65	0.76	0.65
Leverage Ratio	2.60	2.62	2.85	2.89	2.82	2.92	3.15	3.08	3.05	3.19	3.37
Compound Leverage Factor	2.68	6.54	2.89	2.88	2.77	2.87	2.98	2.79	2.53	2.71	3.03
Debt to Total Capital	27.27%	27.68%	30.62%	32.57%	33.95%	35.38%	37.86%	40.20%	44.57%	47.45%	49.82%
Short-Term Debt to Total Capital	2.32%	2.31%	2.51%	2.62%	2.68%	2.75%	3.73%	3.87%	3.90%	3.59%	3.39%
Long-Term Debt to Total Capital	24.94%	25.37%	28.11%	29.95%	31.27%	32.63%	34.13%	36.33%	40.67%	43.86%	46.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.89%	1.61%	1.37%	1.02%	0.77%	0.51%	0.54%	0.48%	0.40%	0.35%	0.32%
Common Equity to Total Capital	70.84%	70.71%	68.01%	66.41%	65.28%	64.11%	61.59%	59.32%	55.03%	52.20%	49.86%
Debt to EBITDA	0.89	0.95	0.99	1.13	1.21	1.29	1.46	1.55	1.83	2.02	2.28
Net Debt to EBITDA	-1.26	-1.36	-1.00	-0.72	-0.52	-0.49	-0.22	0.37	0.90	1.17	1.51
Long-Term Debt to EBITDA	0.81	0.87	0.91	1.04	1.12	1.19	1.31	1.40	1.67	1.86	2.12
Debt to NOPAT	1.49	1.58	1.64	1.88	2.04	2.21	2.63	2.85	3.48	3.84	4.31
Net Debt to NOPAT	-2.10	-2.28	-1.66	-1.21	-0.88	-0.84	-0.39	0.68	1.72	2.22	2.86
Long-Term Debt to NOPAT	1.36	1.45	1.51	1.73	1.88	2.04	2.37	2.58	3.18	3.55	4.01
Altman Z-Score	3.42	4.33	3.72	3.29	3.32	2.99	2.79	2.66	2.40	2.24	1.78
Noncontrolling Interest Sharing Ratio	1.97%	1.61%	1.48%	1.20%	0.98%	0.74%	0.77%	0.68%	0.61%	0.56%	0.55%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.32	1.38	1.29	1.24	1.25	1.25	1.28	1.26	1.32	1.34	1.31
Quick Ratio	1.22	1.27	1.17	1.11	1.07	1.07	1.07	1.01	0.97	0.99	0.93
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	159	170	192	213	224	277	240	193	73	46	-169
Operating Cash Flow to CapEx	519.13%	1,308.13%	1,161.51%	497.12%	247.57%	1,347.31%	1,613.54%	578.17%	654.54%	724.50%	572.75%
Free Cash Flow to Firm to Interest Expense	30.47	29.27	30.51	32.70	33.56	40.71	33.05	24.95	9.67	7.24	-32.88
Operating Cash Flow to Interest Expense	16.22	30.09	24.22	18.57	7.44	21.66	20.68	17.08	6.52	12.79	18.73
Operating Cash Flow Less CapEx to Interest Expense	13.10	27.79	22.14	14.84	4.44	20.05	19.40	14.13	5.52	11.02	15.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.09	1.12	1.12	1.17	1.24	1.23	1.20	1.28	1.35	1.32	1.21
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	8.37	0.00	8.38	0.00	8.48	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	12.58	12.23	10.90	11.14	13.00	12.21	9.44	10.26	11.61	12.74	7.77
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	29.02	29.85	33.49	32.76	28.09	29.91	38.65	35.58	31.44	28.65	46.95
Cash Conversion Cycle (CCC)	-29.02	-29.85	-33.49	-32.76	-28.09	-29.91	-38.65	-35.58	-31.44	-28.65	-46.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	389	371	405	470	507	494	533	628	696	728	730
Invested Capital Turnover	4.70	4.89	4.48	3.77	3.34	3.23	3.06	2.66	2.51	2.40	2.47
Increase / (Decrease) in Invested Capital	-118	-123	-127	-158	-189	-234	-197	-149	-49	-21	204
Enterprise Value (EV)	3,048	4,737	4,146	3,452	3,264	2,586	2,217	1,809	1,360	1,248	944
Market Capitalization	3,465	5,174	4,457	3,652	3,402	2,712	2,265	1,718	1,159	995	651
Book Value per Share	$26.32	$26.31	$23.31	$21.73	$20.81	$20.07	$18.83	$17.46	$16.17	$15.65	$14.43
Tangible Book Value per Share	$6.15	$7.39	$3.89	$2.25	$1.26	$0.30	$0.97	($0.54)	($2.07)	($2.88)	($3.61)
Total Capital	1,137	1,143	1,054	1,010	987	965	942	906	899	909	877
Total Debt	310	316	323	329	335	342	357	364	401	431	437
Total Long-Term Debt	284	290	296	302	309	315	322	329	366	399	407
Net Debt	-438	-455	-326	-211	-145	-130	-53	86	198	250	290
Capital Expenditures (CapEx)	16	13	13	24	20	11	9.30	23	7.50	11	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-371	-358	-377	-318	-281	-275	-184	-95	-24	1.71	40
Debt-free Net Working Capital (DFNWC)	267	306	271	222	200	196	225	183	178	183	187
Net Working Capital (NWC)	241	280	245	196	173	170	190	148	143	151	157
Net Nonoperating Expense (NNE)	-1.18	-70	-0.96	0.16	0.62	0.77	2.31	4.06	4.11	-7.62	4.67
Net Nonoperating Obligations (NNO)	-438	-455	-326	-211	-145	-130	-53	86	198	250	290
Total Depreciation and Amortization (D&A)	17	18	18	17	17	15	15	14	14	14	14
Debt-free, Cash-free Net Working Capital to Revenue	-17.63%	-16.91%	-17.93%	-15.35%	-13.98%	-13.96%	-9.52%	-5.09%	-1.34%	0.10%	2.60%
Debt-free Net Working Capital to Revenue	12.69%	14.48%	12.89%	10.74%	9.94%	9.95%	11.64%	9.80%	9.87%	10.36%	12.02%
Net Working Capital to Revenue	11.44%	13.23%	11.63%	9.47%	8.62%	8.61%	9.83%	7.93%	7.93%	8.51%	10.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.29	$3.67	$2.00	$1.68	$1.00	$1.31	$1.28	$1.28	$0.64	$1.05	$0.98
Adjusted Weighted Average Basic Shares Outstanding	30.55M	30.83M	30.74M	30.91M	30.98M	30.76M	30.80M	30.78M	30.62M	30.20M	30.28M
Adjusted Diluted Earnings per Share	$1.28	$3.63	$1.97	$1.67	$1.00	$1.27	$1.26	$1.27	$0.64	$1.01	$0.97
Adjusted Weighted Average Diluted Shares Outstanding	30.88M	31.15M	31.07M	31.15M	31.19M	31.21M	31.22M	31M	30.79M	30.56M	30.54M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	30.41M	30.60M	30.71M	30.73M	30.86M	30.93M	30.84M	30.82M	30.79M	30.59M	30.33M
Normalized Net Operating Profit after Tax (NOPAT)	42	47	64	55	34	44	43	44	24	25	35
Normalized NOPAT Margin	9.64%	9.43%	10.86%	9.40%	7.81%	8.97%	7.59%	8.49%	6.02%	5.47%	7.08%
Pre Tax Income Margin	13.38%	31.19%	14.96%	12.44%	9.39%	11.27%	9.64%	10.48%	6.71%	7.00%	9.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.72	10.75	13.92	11.17	6.32	8.20	7.87	7.80	4.33	5.85	9.63
NOPAT to Interest Expense	7.92	8.10	10.25	8.40	5.16	6.35	5.85	5.73	3.21	3.85	6.78
EBIT Less CapEx to Interest Expense	7.59	8.45	11.83	7.43	3.32	6.59	6.59	4.84	3.34	4.09	6.36
NOPAT Less CapEx to Interest Expense	4.79	5.80	8.16	4.67	2.15	4.74	4.57	2.78	2.21	2.09	3.51
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	1.72%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	40.91%	26.06%	0.00%	0.00%	0.00%	1.72%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Sterling Infrastructure's Financials

When does Sterling Infrastructure's fiscal year end?

According to the most recent income statement we have on file, Sterling Infrastructure's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Sterling Infrastructure's net income changed over the last 9 years?

Sterling Infrastructure's net income appears to be on an upward trend, with a most recent value of $270.92 million in 2024, falling from -$35.96 million in 2015. The previous period was $142.85 million in 2023. Find out what analysts predict for Sterling Infrastructure in the coming months.

What is Sterling Infrastructure's operating income?

Sterling Infrastructure's total operating income in 2024 was $264.62 million, based on the following breakdown:

Total Gross Profit: $426.12 million
Total Operating Expenses: $161.50 million

How has Sterling Infrastructure revenue changed over the last 9 years?

Over the last 9 years, Sterling Infrastructure's total revenue changed from $623.60 million in 2015 to $2.12 billion in 2024, a change of 239.3%.

How much debt does Sterling Infrastructure have?

Sterling Infrastructure's total liabilities were at $1.19 billion at the end of 2024, a 3.2% increase from 2023, and a 598.5% increase since 2015.

How much cash does Sterling Infrastructure have?

In the past 9 years, Sterling Infrastructure's cash and equivalents has ranged from $4.43 million in 2015 to $664.20 million in 2024, and is currently $664.20 million as of their latest financial filing in 2024.

How has Sterling Infrastructure's book value per share changed over the last 9 years?

Over the last 9 years, Sterling Infrastructure's book value per share changed from 4.89 in 2015 to 26.31 in 2024, a change of 437.7%.

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This page (NASDAQ:STRL) was last updated on 5/21/2025 by MarketBeat.com Staff

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Sterling Infrastructure (STRL) Financials

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Sterling Infrastructure (STRL) Financials

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