Sterling Infrastructure Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,233	2,116	1,972	1,769	1,414	1,227
Revenue Growth (YoY)	6.20%	7.28%	11.46%	25.10%	15.30%	8.92%
Cost of Revenue	1,718	1,690	1,635	1,495	1,211	1,047
Gross Profit	514.87	426.12	337.64	274.57	203.53	179.63
Selling, General & Admin	138.8	118.42	98.7	86.48	69.15	64.31
Amortization of Goodwill & Intangibles	19.25	17.04	15.23	14.1	11.46	11.44
Other Operating Expenses	-0.67	25.62	17.04	13.29	12.03	10.25
Operating Expenses	157.39	161.08	130.97	113.87	92.64	85.99
Operating Income	357.48	265.04	206.67	160.7	110.89	93.64
Interest Expense	-20.16	-25.26	-29.32	-20.59	-19.31	-29.33
Interest & Investment Income	27.23	27.62	14.14	0.89	0.05	0.15
EBT Excluding Unusual Items	364.55	267.41	191.49	140.99	91.62	64.46
Merger & Restructuring Charges	-8.24	-0.42	-0.87	-0.83	-3.88	-1.03
Gain (Loss) on Sale of Assets	91.29	91.29	-	-	-	-
Other Unusual Items	-1.03	-	-	-	1.06	-0.3
Pretax Income	446.58	358.28	190.62	140.16	88.81	63.13
Income Tax Expense	111.36	87.36	47.77	41.71	24.87	19.41
Earnings From Continuing Operations	335.22	270.92	142.85	98.46	63.94	43.72
Earnings From Discontinued Operations	-	-	-	9.74	1.19	-0.82
Net Income to Company	335.22	270.92	142.85	108.2	65.12	42.9
Minority Interest in Earnings	-19.45	-13.46	-4.19	-1.74	-2.48	-0.6
Net Income	315.77	257.46	138.66	106.46	62.65	42.31
Net Income to Common	315.77	257.46	138.66	106.46	62.65	42.31
Net Income Growth	71.22%	85.69%	30.24%	69.94%	48.08%	6.03%
Shares Outstanding (Basic)	31	31	31	30	29	28
Shares Outstanding (Diluted)	31	31	31	31	29	28
Shares Change (YoY)	-1.26%	-0.20%	2.11%	5.03%	3.21%	3.97%
EPS (Basic)	10.34	8.35	4.51	3.53	2.19	1.52
EPS (Diluted)	10.21	8.27	4.44	3.48	2.15	1.50
EPS Growth	73.30%	86.26%	27.63%	61.74%	43.29%	2.11%
Free Cash Flow	361.64	416.15	414.21	158.21	112.28	90.03
Free Cash Flow Per Share	11.70	13.36	13.27	5.18	3.86	3.19
Gross Margin	23.05%	20.14%	17.12%	15.52%	14.39%	14.64%
Operating Margin	16.01%	12.53%	10.48%	9.08%	7.84%	7.63%
Profit Margin	14.14%	12.17%	7.03%	6.02%	4.43%	3.45%
Free Cash Flow Margin	16.19%	19.67%	21.00%	8.94%	7.94%	7.34%
EBITDA	429.87	333.45	264.07	212.76	145.09	126.43
EBITDA Margin	19.25%	15.76%	13.39%	12.02%	10.26%	10.31%
D&A For EBITDA	72.39	68.41	57.4	52.07	34.2	32.79
EBIT	357.48	265.04	206.67	160.7	110.89	93.64
EBIT Margin	16.01%	12.53%	10.48%	9.08%	7.84%	7.63%
Effective Tax Rate	24.94%	24.38%	25.06%	29.76%	28.01%	30.75%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.