Sterling Infrastructure, Inc. (STRL)

Sterling Infrastructure Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,138	2,116	1,972	1,769	1,414	1,227
Revenue Growth (YoY)	3.31%	7.28%	11.46%	25.10%	15.30%	8.92%
Cost of Revenue	1,664	1,690	1,635	1,495	1,211	1,047
Gross Profit	474.46	426.12	337.64	274.57	203.53	179.63
Selling, General & Admin	131.89	118.42	98.7	86.48	69.15	64.31
Other Operating Expenses	11.02	25.62	17.04	13.29	12.03	10.25
Operating Expenses	160.41	161.08	130.97	113.87	92.64	85.99
Operating Income	314.05	265.04	206.67	160.7	110.89	93.64
Interest Expense	-22.31	-25.26	-29.32	-20.59	-19.31	-29.33
Interest & Investment Income	29.14	27.62	14.14	0.89	0.05	0.15
EBT Excluding Unusual Items	320.89	267.41	191.49	140.99	91.62	64.46
Merger & Restructuring Charges	-2.96	-0.42	-0.87	-0.83	-3.88	-1.03
Gain (Loss) on Sale of Assets	91.29	91.29	-	-	-	-
Other Unusual Items	-0.69	-	-	-	1.06	-0.3
Pretax Income	408.53	358.28	190.62	140.16	88.81	63.13
Income Tax Expense	104.25	87.36	47.77	41.71	24.87	19.41
Earnings From Continuing Operations	304.28	270.92	142.85	98.46	63.94	43.72
Earnings From Discontinued Operations	-	-	-	9.74	1.19	-0.82
Net Income to Company	304.28	270.92	142.85	108.2	65.12	42.9
Minority Interest in Earnings	-19.28	-13.46	-4.19	-1.74	-2.48	-0.6
Net Income	285	257.46	138.66	106.46	62.65	42.31
Net Income to Common	285	257.46	138.66	106.46	62.65	42.31
Net Income Growth	75.44%	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)	-1.20%	-0.20%	2.11%	5.03%	3.21%	3.97%
EPS (Basic)	9.32	8.35	4.51	3.53	2.19	1.52
EPS (Diluted)	9.21	8.27	4.44	3.48	2.15	1.50
EPS Growth	77.74%	86.26%	27.63%	61.74%	43.29%	2.11%
Free Cash Flow	435.95	416.15	414.21	158.21	112.28	90.03
Free Cash Flow Per Share	14.08	13.36	13.27	5.18	3.86	3.19
Gross Margin	22.19%	20.14%	17.12%	15.52%	14.39%	14.64%
Operating Margin	14.69%	12.53%	10.48%	9.08%	7.84%	7.63%
Profit Margin	13.33%	12.17%	7.03%	6.02%	4.43%	3.45%
Free Cash Flow Margin	20.39%	19.67%	21.00%	8.94%	7.94%	7.34%
EBITDA	383.89	333.45	264.07	212.76	145.09	126.43
EBITDA Margin	17.96%	15.76%	13.39%	12.02%	10.26%	10.31%
D&A For EBITDA	69.84	68.41	57.4	52.07	34.2	32.79
EBIT	314.05	265.04	206.67	160.7	110.89	93.64
EBIT Margin	14.69%	12.53%	10.48%	9.08%	7.84%	7.63%
Effective Tax Rate	25.52%	24.38%	25.06%	29.76%	28.01%	30.75%

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

SEC Filings: 10-K · 10-Q