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Sterling Infrastructure (STRL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Sterling Infrastructure
NasdaqGS•Industrials•Engineering & Construction
$355.30-17.53(-0.05%)Pre-market
Market Cap
$11.44B
P/E
20.6x
P/S
2.7x
P/B
7.6x

Sterling Infrastructure, Inc. engages in the provision of e-infrastructure, transportation, and building solutions in the United States. It operates through three segments: E-Infrastructure, Transportation, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors. Its Transportation Solutions segment is involved in the development of infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, rail, and storm drainage systems for the departments of transportation, regional transit, airport, port, water, and railroads authorities. The Building Solutions segment offers residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs, and other concrete work for developers and general contractors, as well as plumbing and surveys services for residential builds. It operates in the United States, primarily across the Southern, Northeastern, Mid-Atlantic and Rocky Mountain regions, and the Pacific Islands. The company was formerly known as Sterling Construction Company, Inc. and changed its name to Sterling Infrastructure, Inc. in June 2022. Sterling Infrastructure, Inc. was founded in 1955 and is headquartered in The Woodlands, Texas.

A

How this company scores

ExcellentMetricSide Score: 95/100

Strongest: Growth (25/25); weakest: Balance Sheet & Red Flags (21/25).

Profitability24/25
Growth25/25
Balance Sheet & Red Flags21/25
Cash & Earnings Quality25/25
Strengths
Growing revenueRising free cash flowStrong marginsHigh ROE

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 20.6x5y range 7.4x – 57.9x
P/E 20.6x · near its 20-quarter median

Currently near its 20-quarter median.

P/S · 2.7x5y range 0.3x – 7.3x
P/S 2.7x · above its 20-quarter median

Currently above its 20-quarter median.

P/B · 7.6x5y range 1.5x – 18.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 12.1% — watch for continued compression, which may signal competitive or cost pressure.

Price & Volume
Market Cap $11.44B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$4.31B
6Q
Q. Revenue
$1.56B
6Q
TTM EBITDA
$916.59M
3Q
TTM Op. Income
$780.64M
3Q
Q. Op. Income
$305.74M
3Q
TTM Net Income
$554.33M
3Q
Q. Net Income
$214.93M
3Q
EPS
$7.02
3Q
Shares Out.
$30.61M
0%
$4.31B in TTM revenue grew 93.1% YoY, reaching $1.56B last quarter. TTM EBITDA of $916.59M and TTM operating income of $780.64M show growth is flowing through to the bottom line. TTM net income of $554.33M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
24.1%
2%
EBITDA Margin
21.3%
2Q
Op. Margin
19.5%
3Q
Net Margin
13.7%
3Q
Op. margin of 19.5% is up 1.1% YoY — cost efficiency is improving. Net margin at 13.7% and gross margin of 24.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
20.6x
37%
P/S Ratio
2.7x
43%
P/B Ratio
7.6x
23%
At 20.6x P/E, the stock trades within typical market levels. P/S of 2.7x and P/B of 7.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 37% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$3.48B
7Q
Cash
$216.94M
2Q
Long-Term Debt
$95.13M
7Q
Book Value
$1.51B
6Q
D/E Ratio
0.1
7Q
Debt/EBITDA
0.3
2Q
With $3.48B in assets and $95.13M in long-term debt, D/E is 0.1and book value is $1.51B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$99.07M
3Q
TTM Free Cash Flow
$471.30M
30%
FCF Margin
10.9%
2Q
FCF / Net Income
0.9
2Q
TTM FCF of $471.30M on $99.07M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 30% — a weakening trend.

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· above its 20-quarter median

Currently above its 20-quarter median.