Sterling Infrastructure Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,885	2,490	2,116	1,972	1,769	1,414
Revenue Growth (YoY)	36.96%	17.69%	7.28%	11.46%	25.10%	15.29%
Cost of Revenue	2,213	1,918	1,690	1,635	1,495	1,211
Gross Profit	671.77	572.31	426.12	337.64	274.57	203.53
Selling, General & Admin	168.03	154.81	118.42	98.7	86.48	69.15
Depreciation & Amortization Expenses	24.78	22.19	17.04	15.23	14.1	11.46
Other Operating Expenses	-3.94	-9.87	21.28	18.58	14.12	15.9
Total Operating Expenses	188.88	167.13	156.75	132.51	114.7	96.52
Operating Income	487.65	405.92	264.62	205.8	159.87	107.01
Interest Income	19.16	22.35	27.62	14.14	0.89	0.05
Interest Expense	-18.57	-19.79	-25.26	-29.32	-20.59	-19.31
Other Non-Operating Income (Expense)	4.76	0.73	86.53	0.67	-	1.06
Total Non-Operating Income (Expense)	5.35	3.29	88.9	-14.51	-19.71	-18.2
Pretax Income	488.24	408.48	358.28	190.62	140.16	88.81
Provision for Income Taxes	117.35	98.75	87.36	47.77	41.71	24.87
Net Income	346.65	290.15	257.46	138.66	106.46	62.65
Minority Interest in Earnings	24.25	19.57	13.46	4.19	1.74	2.48
Earnings From Discontinued Operations	-	-	-	-	9.74	1.19
Net Income to Common	346.65	290.15	257.46	138.66	106.46	62.65
Net Income Growth	30.37%	12.70%	85.69%	30.24%	69.94%	48.08%
Shares Outstanding (Basic)	31	31	31	31	30	29
Shares Outstanding (Diluted)	31	31	31	31	31	29
Shares Change (YoY)	-0.24%	-0.64%	-0.20%	2.11%	5.03%	3.21%
EPS (Basic)	11.33	9.50	8.35	4.51	3.53	2.19
EPS (Diluted)	11.18	9.38	8.27	4.44	3.48	2.15
EPS Growth	30.61%	13.42%	86.26%	27.59%	61.86%	40.52%
Shares Outstanding	30.68	30.68	30.67	30.93	30.59	29.84
Free Cash Flow	441.66	362.68	416.15	414.21	158.21	112.28
Free Cash Flow Growth	21.78%	-12.85%	0.47%	161.81%	40.90%	24.71%
Free Cash Flow Per Share	14.26	11.72	13.36	13.27	5.18	3.86
Gross Margin	23.29%	22.98%	20.14%	17.12%	15.52%	14.39%
Operating Margin	16.90%	16.30%	12.51%	10.43%	9.04%	7.57%
Profit Margin	6.78%	12.44%	12.80%	7.24%	5.56%	4.52%
FCF Margin	15.31%	14.56%	19.67%	21.00%	8.94%	7.94%
EBITDA	570.81	483.03	333.03	263.2	211.94	141.21
EBITDA Margin	19.79%	19.40%	15.74%	13.35%	11.98%	9.98%
EBIT	487.65	405.92	264.62	205.8	159.87	107.01
EBIT Margin	16.90%	16.30%	12.51%	10.43%	9.04%	7.57%
Effective Tax Rate	24.03%	24.18%	24.38%	25.06%	29.76%	28.01%

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q