Sterling Infrastructure, Inc. (STRL)
NASDAQ: STRL · Real-Time Price · USD
576.48
+23.32 (4.22%)
At close: Aug 14, 2026, 4:00 PM EDT
588.00
+11.52 (2.00%)
Pre-market: Aug 17, 2026, 6:14 AM EDT
Sterling Infrastructure Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Net Income | 431.48 | 290.15 | 257.46 | 138.66 | 106.46 | 62.65 |
Depreciation & Amortization | 90.51 | 77.11 | 68.41 | 57.4 | 52.07 | 34.2 |
Other Amortization | 0.66 | 0.79 | 1.15 | 1.73 | 2.14 | 2.24 |
Loss (Gain) From Sale of Assets | -2.74 | -2.84 | -94.76 | -5.29 | -2.64 | -1.4 |
Loss (Gain) From Sale of Investments | - | - | - | - | -0.2 | -0.03 |
Loss (Gain) on Equity Investments | 7.47 | 7.87 | - | - | - | - |
Stock-Based Compensation | 27.54 | 24.18 | 19 | 14.62 | 12.73 | 11.77 |
Other Operating Activities | 45.88 | 33.36 | 46.03 | 18.94 | 35.8 | 21.87 |
Change in Accounts Receivable | -187.19 | -86.97 | 187.42 | 238.87 | 14.41 | 4.61 |
Change in Accounts Payable | 88.5 | 33.11 | -9.34 | 10.31 | 11.89 | 26.61 |
Change in Other Net Operating Assets | 95.58 | 63.22 | 21.73 | 3.35 | 3.16 | -3.58 |
Operating Cash Flow | 597.7 | 439.99 | 497.1 | 478.58 | 219.12 | 158.93 |
Operating Cash Flow Growth | 20.30% | -11.49% | 3.87% | 118.42% | 37.87% | 29.32% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -115.7 | -77.31 | -80.95 | -64.38 | -60.91 | -46.65 |
Sale of Property, Plant & Equipment | 8.21 | 7.72 | 10.16 | 27.8 | 4.95 | 4.11 |
Cash Acquisitions | -584.46 | -482.33 | -11.22 | -51.18 | -18 | -180.91 |
Divestitures | - | - | -103.83 | - | -15.79 | - |
Investing Cash Flow | -691.95 | -551.92 | -185.85 | -87.75 | -89.76 | -223.45 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Long-Term Debt Issued | - | - | - | 2.56 | - | 140 |
Total Debt Issued | - | - | - | 2.56 | - | 140 |
Long-Term Debt Repaid | - | -24.86 | -26.54 | -93.49 | -23.37 | -48.27 |
Total Debt Repaid | -15.16 | -24.86 | -26.54 | -93.49 | -23.37 | -48.27 |
Net Debt Issued (Repaid) | -15.16 | -24.86 | -26.54 | -90.93 | -23.37 | 91.73 |
Repurchase of Common Stock | -92.4 | -95.22 | -92.05 | -9.57 | -9.42 | -7.34 |
Other Financing Activities | -33.12 | -41.46 | -0.04 | -4.04 | - | -3.82 |
Financing Cash Flow | -140.68 | -161.54 | -118.62 | -104.53 | -32.79 | 80.57 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Net Cash Flow | -234.92 | -273.47 | 192.63 | 286.3 | 96.57 | 16.05 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | 482 | 362.68 | 416.15 | 414.21 | 158.21 | 112.28 |
Free Cash Flow Growth | 10.56% | -12.85% | 0.47% | 161.81% | 40.90% | 24.71% |
Free Cash Flow Margin | 14.02% | 14.56% | 19.67% | 21.00% | 8.94% | 7.94% |
Free Cash Flow Per Share | 15.50 | 11.72 | 13.36 | 13.27 | 5.18 | 3.86 |
Levered Free Cash Flow | 349.38 | 278.38 | 242.21 | 396.81 | 126.52 | 67.37 |
Unlevered Free Cash Flow | 359.14 | 289.96 | 256.84 | 413.41 | 137.25 | 77.2 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash Interest Paid | 17.84 | 17.84 | 23.38 | 27.01 | 19.32 | 17.24 |
Cash Income Tax Paid | 116.28 | 81.07 | 53.07 | 36.91 | 5.6 | 3.06 |
Change in Working Capital | -3.1 | 9.36 | 199.82 | 252.53 | 29.45 | 27.63 |