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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
$471.34+12.32(0.03%)Market open
Market Cap
$15.52B
P/E
36.0x
P/S
4.5x
P/B
11.4x

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: 93/100

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

Profitability24/25
Growth25/25
Balance Sheet & Red Flags21/25
Cash & Earnings Quality23/25
Strengths
Growing revenueStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

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

P/E · 36.0x5y range 7.4x – 36.0x
P/E 36.0x · above its 20-quarter median

Currently above its 20-quarter median.

P/S · 4.5x5y range 0.3x – 4.7x
P/S 4.5x · above its 20-quarter median

Currently above its 20-quarter median.

P/B · 11.4x5y range 1.5x – 11.4x

Watch items

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

Some Concerns

Margin Pressure

Watch

Operating margins declined 9.7% — watch for continued compression, which may signal competitive or cost pressure.

Price & Volume
Market Cap $15.52B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue
$3.44B
5Q
Q. Revenue
$1.17B
5Q
TTM EBITDA
$729.79M
2Q
TTM Op. Income
$601.74M
2Q
Q. Op. Income
$219.97M
2Q
TTM Net Income
$431.48M
2Q
Q. Net Income
$155.83M
2Q
EPS
$5.08
2Q
Shares Out.
$30.69M
1%
$3.44B in TTM revenue grew 60.8% YoY, reaching $1.17B last quarter. TTM EBITDA of $729.79M and TTM operating income of $601.74M show growth is flowing through to the bottom line. TTM net income of $431.48M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
24.8%
2Q
EBITDA Margin
21.0%
4%
Op. Margin
18.8%
2Q
Net Margin
13.3%
2Q
Op. margin of 18.8% is up 1.5% YoY — cost efficiency is improving. Net margin at 13.3% and gross margin of 24.8% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio
36.0x
2Q
P/S Ratio
4.5x
2Q
P/B Ratio
11.4x
2Q
At 36.0x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 4.5x and P/B of 11.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

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

Total Assets
$3.19B
6Q
Cash
$464.45M
34%
Long-Term Debt
$268.73M
7Q
Book Value
$1.36B
5Q
D/E Ratio
0.2
7Q
Debt/EBITDA
1.1
52%
With $3.19B in assets and $268.73M in long-term debt, D/E is 0.2and book value is $1.36B — 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
$162.45M
2Q
TTM Free Cash Flow
$482.00M
3Q
FCF Margin
14.0%
31%
FCF / Net Income
1.1
27%
TTM FCF of $482.00M on $162.45M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.

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· above its 20-quarter median

Currently above its 20-quarter median.