Tearsheet

Sterling Infrastructure (STRL)

Market Price (4/22/2026): $478.0 | Market Cap: $14.7 Bil
Sector: Industrials | Industry: Construction & Engineering

Sterling Infrastructure (STRL)

Market Price (4/22/2026): $478.0
Market Cap: $14.7 Bil
Sector: Industrials
Industry: Construction & Engineering

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 18%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%

Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Datacenter Power, and Sustainable Infrastructure. Themes include Data Centers & Infrastructure, Show more.

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 34x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 33x, P/EPrice/Earnings or Price/(Net Income) is 50x

Stock price has recently run up significantly
12M Rtn12 month market price return is 259%

Key risks
STRL key risks include [1] significant customer concentration, Show more.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 18%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%
2	Megatrend and thematic drivers Megatrends include Artificial Intelligence, Datacenter Power, and Sustainable Infrastructure. Themes include Data Centers & Infrastructure, Show more.
3	Trading close to highs Dist 52W High is 0.0%, Dist 3Y High is 0.0%
4	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 34x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 33x, P/EPrice/Earnings or Price/(Net Income) is 50x
5	Stock price has recently run up significantly 12M Rtn12 month market price return is 259%
6	Key risks STRL key risks include [1] significant customer concentration, Show more.

Valuation, Metrics & Events

	4/22/26	2025	2024	2023	2022
Share Price CYE	$478.00	$306.23	$168.45	$87.93	$32.80
Market Cap CYE ($ Bil)	14.7	9.4	5.2	2.7	1.0
Total Debt ($ Bil)	0.3	0.3	0.4	0.4	0.5
Total Cash ($ Bil)	0.4	0.4	0.7	0.5	0.2
Enterprise Value ($ Bil)	14.6	9.7	5.6	3.1	1.5
Valuation Ratios
P/S TTM	5.9	3.8	2.4	1.4	0.6
P/EBIT TTM	34.3	21.9	13.5	12.3	6.2
P/E TTM	50.6	32.4	20.1	19.5	9.5
P/FCF TTM	40.5	25.9	12.4	6.5	6.3
Sector Ratios
P/S TTM (Sector)	1.8	1.7	1.5	1.4	1.2
P/EBIT TTM (Sector)	11.5	11.5	11.4	10.9	8.8
P/E TTM (Sector)	15.8	15.4	14.7	14.9	11.8
P/FCF TTM (Sector)	12.2	11.6	12.7	10.9	7.9

	4/22/26	2025	2024
Share Price CYE	$478.00	$306.23	$168.45
Market Cap CYE ($ Bil)	14.7	9.4	5.2
Total Debt ($ Bil)	0.3	0.3	0.4
Total Cash ($ Bil)	0.4	0.4	0.7
Enterprise Value ($ Bil)	14.6	9.7	5.6
Valuation Ratios
P/S TTM	5.9	3.8	2.4
P/EBIT TTM	34.3	21.9	13.5
P/E TTM	50.6	32.4	20.1
P/FCF TTM	40.5	25.9	12.4
Sector Ratios
P/S TTM (Sector)	1.8	1.7	1.5
P/EBIT TTM (Sector)	11.5	11.5	11.4
P/E TTM (Sector)	15.8	15.4	14.7
P/FCF TTM (Sector)	12.2	11.6	12.7

	STRL	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	2.5
Rev Chg Q	51.5%	7.5%
Rev Chg LTM	17.7%	6.9%
Rev Chg 3Y Avg	12.1%	5.7%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.4
CFO LTM ($ Bil)	0.4
Net Inc LTM ($ Bil)	0.3
Op Mgn LTM	16.6%	18.6%
CFO/Rev LTM	17.7%	20.6%
Net Inc Mgn	11.7%	12.8%
VALUATION	VERY HIGH
P/S	5.9	3.3
P/CFO	33.3	15.7
P/FCF	40.5	20.4
P/E	50.6	24.4
STABILITY	VERY GOOD
Debt/Equity	0.02	0.20
Cash/Assets	0.15	0.07

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Metric	Value	Date	Source
Backlog	$2.58 billion	9302025	Link
Combined Backlog	$3.44 billion	9302025	Link
Book-to-Bill Ratio	1.23x	11062025	Link
Number of Employees	approximately 4,900	11042025	Link

Upcoming
5/04/2026	Earnings Release	Rev: $604 Mil (E) EPS: $2.26 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Sterling Infrastructure (STRL) stock has gained about 55% since 12/31/2025 because of the following key factors:

1. Exceptional Q4 2025 Financial Performance and Robust 2026 Guidance.

Sterling Infrastructure reported strong fourth-quarter 2025 results on February 25, 2026, with an adjusted EPS of $3.08, surpassing consensus estimates by $0.81. The company's revenue of $755.6 million also significantly beat expectations by over $102 million. This strong performance was complemented by an optimistic full-year 2026 guidance, projecting adjusted diluted EPS between $13.45 and $14.05, and adjusted EBITDA ranging from $626 million to $659 million, indicating over 25% year-over-year growth across key metrics.

2. Explosive Growth in E-Infrastructure Solutions Driven by Data Center Demand.

The E-Infrastructure Solutions segment was a primary catalyst for growth, achieving a remarkable 123% revenue increase in the fourth quarter of 2025, with 67% organic growth. This surge was largely fueled by robust demand in the data center market, which now accounts for over 65% of the E-Infrastructure backlog. Management anticipates this segment to continue its strong trajectory, forecasting 40% or higher revenue growth in 2026, alongside adjusted operating margins of 23-24%.

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Stock Movement Drivers

Fundamental Drivers

The 54.4% change in STRL stock from 12/31/2025 to 4/21/2026 was primarily driven by a 69.0% change in the company's P/E Multiple.

(LTM values as of)	12312025	4212026	Change
Stock Price ($)	306.23	472.84	54.4%
Change Contribution By:
Total Revenues ($ Mil)	2,233	2,490	11.5%
Net Income Margin (%)	14.1%	11.7%	-17.6%
P/E Multiple	29.6	50.0	69.0%
Shares Outstanding (Mil)	31	31	-0.6%
Cumulative Contribution			54.4%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/21/2026

	Return	Correlation
STRL	54.4%
Market (SPY)	-5.4%	57.5%
Sector (XLI)	10.5%	68.2%

Fundamental Drivers

The 39.2% change in STRL stock from 9/30/2025 to 4/21/2026 was primarily driven by a 38.0% change in the company's P/E Multiple.

(LTM values as of)	9302025	4212026	Change
Stock Price ($)	339.68	472.84	39.2%
Change Contribution By:
Total Revenues ($ Mil)	2,138	2,490	16.5%
Net Income Margin (%)	13.3%	11.7%	-12.6%
P/E Multiple	36.2	50.0	38.0%
Shares Outstanding (Mil)	30	31	-0.9%
Cumulative Contribution			39.2%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/21/2026

	Return	Correlation
STRL	39.2%
Market (SPY)	-2.9%	62.5%
Sector (XLI)	11.5%	65.1%

Fundamental Drivers

The 317.7% change in STRL stock from 3/31/2025 to 4/21/2026 was primarily driven by a 270.6% change in the company's P/E Multiple.

(LTM values as of)	3312025	4212026	Change
Stock Price ($)	113.21	472.84	317.7%
Change Contribution By:
Total Revenues ($ Mil)	2,116	2,490	17.7%
Net Income Margin (%)	12.2%	11.7%	-4.2%
P/E Multiple	13.5	50.0	270.6%
Shares Outstanding (Mil)	31	31	0.0%
Cumulative Contribution			317.7%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/21/2026

	Return	Correlation
STRL	317.7%
Market (SPY)	16.3%	57.1%
Sector (XLI)	32.2%	62.9%

Fundamental Drivers

The 1148.3% change in STRL stock from 3/31/2023 to 4/21/2026 was primarily driven by a 356.7% change in the company's P/E Multiple.

(LTM values as of)	3312023	4212026	Change
Stock Price ($)	37.88	472.84	1148.3%
Change Contribution By:
Total Revenues ($ Mil)	1,769	2,490	40.7%
Net Income Margin (%)	5.9%	11.7%	96.6%
P/E Multiple	11.0	50.0	356.7%
Shares Outstanding (Mil)	30	31	-1.2%
Cumulative Contribution			1148.3%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/21/2026

	Return	Correlation
STRL	1148.3%
Market (SPY)	63.3%	49.8%
Sector (XLI)	76.7%	55.6%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
STRL Return	41%	25%	168%	92%	82%	54%	2441%
Peers Return	37%	3%	30%	70%	36%	29%	443%
S&P 500 Return	27%	-19%	24%	23%	16%	4%	89%
Monthly Win Rates [3]
STRL Win Rate	75%	50%	58%	58%	58%	75%
Peers Win Rate	60%	55%	63%	65%	65%	80%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
STRL Max Drawdown	-4%	-21%	-4%	-18%	-38%	-3%
Peers Max Drawdown	-6%	-27%	-12%	-11%	-23%	-3%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: PWR, MTZ, PRIM, GVA, ACM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/21/2026 (YTD)

How Low Can It Go

Unique Key	Event	STRL	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-34.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	53.0%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	38 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-51.6%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	106.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	90 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-44.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	81.5%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	725 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-64.7%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	183.0%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	4,731 days	1,480 days

Compare to PWR, MTZ, PRIM, GVA, ACM

In The Past

Sterling Infrastructure's stock fell -34.6% during the 2022 Inflation Shock from a high on 2/16/2022. A -34.6% loss requires a 53.0% gain to breakeven.

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About Sterling Infrastructure (STRL)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Sterling Construction Company, Inc. engages in the transportation, e-infrastructure, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads. The company also provides specialty site infrastructure improvement contracting services for blue-chip end users in the e-commerce, data center, distribution center and warehousing, and energy sectors. In addition, it undertakes residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs, and other concrete work for national home builders, regional and custom home builders, and developers and general contractors in commercial markets. The company was formerly known as Oakhurst Company, Inc. and changed its name to Sterling Construction Company, Inc. in November 2001. Sterling Construction Company, Inc. was founded in 1955 and is headquartered in The Woodlands, Texas.

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They are a diversified construction company akin to Granite Construction (a major builder of highways and public infrastructure), but also specializing in site preparation for data centers and e-commerce warehouses, and concrete foundations for residential and commercial buildings.

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Transportation & Public Infrastructure: Construction and rehabilitation services for major public works such as highways, bridges, airports, ports, and water systems.
E-infrastructure & Commercial Site Development: Specialty site infrastructure improvement services catering to sectors like e-commerce, data centers, and large-scale commercial facilities.
Building Solutions (Concrete Foundations): Provides concrete foundations and related structural concrete work for residential homes, multi-family units, and commercial buildings.

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Major Customers of Sterling Infrastructure (STRL)

Sterling Infrastructure (STRL) primarily serves other companies and governmental entities across its three main business segments. The company's major customers fall into the following categories:

Governmental and Public Authorities: This includes departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities, and railroads for infrastructure and rehabilitation projects. These are not publicly traded companies but public sector organizations.
Blue-Chip Corporations: For its specialty site infrastructure improvement services, STRL serves "blue-chip end users" in the e-commerce, data center, distribution center and warehousing, and energy sectors. Specific company names are not disclosed in the description, but these are large corporate clients.
Home Builders, Developers, and General Contractors: In its residential and commercial concrete foundation segment, STRL works for national home builders, regional and custom home builders, developers, and general contractors in commercial markets. Specific company names for these clients are not provided.

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Joseph A. Cutillo – Chief Executive Officer

Joe Cutillo has served as the Chief Executive Officer of Sterling Infrastructure, Inc. since 2017. He joined Sterling in 2015. Prior to his role at Sterling, Mr. Cutillo was the President and Chief Executive Officer of Inland Pipe Rehabilitation LLC, a private equity-backed trenchless pipe rehabilitation company, from 2008 to 2015. He also held leadership positions at Contech Construction Products, Ingersoll-Rand Corp, and General Electric. He is credited with leading a strategic transformation at Sterling, focusing on high-complexity, private-sector projects.

Nicholas Grindstaff – Chief Financial Officer

Nicholas Grindstaff was appointed Chief Financial Officer of Sterling Infrastructure, Inc., effective July 10, 2025. He brings over 30 years of finance and leadership experience, with a strong background in the infrastructure and energy industries. Most recently, he served as CFO of Cinterra, a turnkey solar and renewable energy contractor, from late 2024 to June 2025. From 2021 to 2024, he was the CFO of Orbital Infrastructure Group, Inc., a diversified infrastructure services company. Earlier in his career, Mr. Grindstaff spent more than two decades at Quanta Services, Inc., where his roles included Treasurer and Vice President – Finance.

Daniel Govin – Chief Operating Officer

Daniel Govin serves as Sterling's Chief Operating Officer, having joined the company in August 2024. He has 30 years of experience in operations and leadership, with previous roles including Regional President at Quanta Services and President of Par Electrical Contractors within the energy infrastructure industry.

Mark Wolf – General Counsel, Chief Compliance Officer & Corporate Secretary

Mark Wolf has been the General Counsel, Chief Compliance Officer & Corporate Secretary of Sterling since August 2020. Before joining Sterling, he served as Vice President, General Counsel & Corporate Secretary of US Well Services, Inc., and held legal roles at TechnipFMC and FMC Technologies, Inc.

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Key Risks for Sterling Infrastructure (STRL)

Dependence on Government Infrastructure Spending and Economic Conditions: A significant portion of Sterling Infrastructure's business relies on contracts from government agencies for transportation and water infrastructure projects. Funding for these projects is subject to political decisions, budgetary allocations, and economic conditions. Similarly, the company's residential and commercial concrete foundation work is directly tied to the health of the broader economy, interest rates, and demand in the housing and commercial construction markets. A decline in government infrastructure spending or a downturn in the construction sector could significantly impact the company's revenues and profitability.
Volatility in Material and Labor Costs: As a heavy civil and concrete contractor, Sterling Infrastructure is highly exposed to fluctuations in the cost of key construction materials such as asphalt, concrete, and steel. The availability and cost of skilled labor also present a significant risk. Unexpected increases in material or labor costs, particularly on fixed-price contracts, can erode profit margins and negatively affect project profitability.
Intense Competition and Project Bidding Risks: The construction industry is highly competitive, and Sterling Infrastructure operates in a fragmented market. The company faces risks associated with intense competition for new projects, which can lead to aggressive bidding, reduced profit margins, or the loss of desirable contracts. Accurate estimation of project costs, schedules, and potential risks is crucial for successful bidding and project execution.

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Sterling Infrastructure (STRL) operates in several addressable markets primarily within the United States.

For its main products and services, the addressable markets are sized as follows:

Transportation Infrastructure (U.S.)

The U.S. transportation infrastructure market was valued at approximately USD 380.4 billion in 2024 and is projected to grow to USD 550.5 billion by 2032, with a compound annual growth rate (CAGR) of 4.9% from 2025 to 2032.
Another estimate for the U.S. transportation infrastructure construction market indicates a value of USD 233.03 billion in 2025, with a forecast to reach USD 298.12 billion by 2031 at a 4.19% CAGR.

E-Infrastructure (U.S.)

This segment includes specialty site infrastructure for e-commerce, data centers, distribution centers, warehousing, and energy sectors.

Data Center Construction: The U.S. data center construction market was valued between approximately USD 14.35 billion and USD 94.14 billion in 2025. Projections suggest growth to a range of USD 21.43 billion by 2030 to USD 211.66 billion by 2033, with various sources indicating CAGRs between 5.15% and 11% over different forecast periods.
Warehousing & Distribution Center Construction: The broader U.S. industrial building construction market, which encompasses warehouses, data centers, and specialized manufacturing facilities, was valued at USD 43.8 billion in 2024 and is expected to reach USD 61.6 billion by 2032, growing at a CAGR of 4.5% during 2025–2032. As of December 2024, approximately USD 9 billion worth of warehousing and distribution projects were under construction in the U.S.
Energy Infrastructure Construction: The U.S. power infrastructure market was valued at USD 264.2 billion in 2024 and is projected to increase to USD 455.6 billion by 2032, advancing at a CAGR of 7.2% during 2025–2032. The energy and utilities construction market was valued at $139.64 billion in 2025 and is projected to grow to $208.73 billion in 2030.

Building Solutions (U.S.)

This covers residential and commercial concrete foundations and other concrete work.

Overall Concrete Market: The U.S. concrete market was estimated at USD 351,372.5 million in 2024 and is expected to reach USD 541,383.5 million by 2035, growing at a CAGR of around 4.01% from 2025 to 2035.
Concrete Contractors: The market size for Concrete Contractors in the U.S. was approximately USD 110.4 billion in 2025 and USD 110.5 billion in 2026.
Precast Concrete: The U.S. precast concrete market, which includes components used in residential and commercial construction, was valued at USD 20.85 billion in 2024 and is expected to reach USD 36.45 billion by 2033. Residential applications constitute 63.2% of this market.

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Sterling Infrastructure (STRL) is expected to drive future revenue growth over the next 2-3 years through several key factors:

Booming E-Infrastructure Demand: The E-Infrastructure Solutions segment is projected to be the primary driver of revenue growth, fueled by the accelerating demand for data centers (including AI data centers), semiconductor fabrication facilities, advanced manufacturing plants, and e-commerce distribution and warehousing centers. This segment saw a 123% year-over-year revenue surge in Q4 2025 and is targeting 40% or higher growth in 2026.
Strategic Acquisitions: Recent acquisitions, such as CEC Facilities Group, have significantly expanded Sterling Infrastructure's E-Infrastructure capabilities, particularly in specialty electrical and mechanical contracting, and have notably boosted the company's backlog and revenue. The acquisition of Drake Concrete also strengthened the Building Solutions segment.
Robust Backlog and Project Pipeline: The company's record-high signed backlog, which reached $3 billion at the end of 2025, along with unsigned awards and future phase opportunities totaling approximately $4.5 billion, provides substantial revenue visibility for the coming years.
Geographic Expansion and Market Penetration: Sterling Infrastructure is strategically expanding its presence into new high-growth regions, such as Texas and the Pacific Northwest, to capitalize on large-scale infrastructure projects. The company is actively deploying teams into selected markets ahead of upcoming "megaprojects" to secure long-term opportunities.
Stable Contribution from Transportation Solutions: The Transportation Solutions segment is expected to continue providing stable revenue growth, supported by the ongoing federal infrastructure funding cycle through initiatives like the Infrastructure Investment and Jobs Act (IIJA). Management anticipates low to mid-single-digit revenue growth and continued margin expansion in this segment.

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Share Repurchases

    Sterling Infrastructure authorized a new $400 million stock repurchase program on November 12, 2025, effective for the next 24 months, replacing a prior program with $81 million of remaining capacity.
    In 2025, total share repurchases amounted to $74 million at an average price of $168.72 per share, leaving a remaining authorization of $374 million under the programs.
    A $200 million stock repurchase program was authorized on December 5, 2023, to be executed over 24 months.

Share Issuance

    Sterling Infrastructure's shares outstanding increased by 5.03% in 2022 and 2.11% in 2023.
    Shares outstanding experienced a decline of 0.2% in 2024 and 1.23% in the second quarter of 2025.
    As part of the CEC Facilities Group acquisition in 2025, $79 million of the purchase price was paid in common stock.

Inbound Investments
No information available for large inbound investments by third parties.
Outbound Investments

    On September 1, 2025, Sterling acquired CEC Facilities Group, LLC for $562 million, with the purchase price primarily consisting of $443 million in cash and $79 million in common stock, plus an earn-out opportunity of up to $80 million.
    In the first nine months of 2025, the company utilized $484.2 million for acquisitions, with a total of $482 million deployed for acquisitions in the full year 2025.
    In the first quarter of 2025, Sterling acquired Drake Concrete, LLC for $25 million in cash, alongside a four-year earn-out opportunity.

Capital Expenditures

    Capital expenditures for 2024 were $71 million, and for 2025, they were $77 million.
    Sterling expected capital expenditures for 2025 to be between $70 million and $80 million.
    The primary focus of capital expenditures is on supporting multi-year growth, particularly within the E-Infrastructure Solutions segment, including expanding modular fabrication capacity for data centers and other mission-critical projects.



	
		
			
				
					
					 Interactive Breakdown
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							Higher CFO/Rev LTM 
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							Higher FCF/Rev LTM 
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							Higher Total Yield 
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						SECTOR: Industrials
					
			
					
						
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							(Values for STRL: 12.1% | 5.8x)
						
						
				
						
							BA (12.3% | 1.9x)
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							PWR (18.7% | 3.2x)
							Quanta Services
						
					
						
							CP (20.7% | 4.9x)
							Canadian Pacific Kansas City
						
					
						
							EME (15.3% | 2.2x)
							EMCOR
						
					
					
						
							Higher Rev Chg 3Y Avg | Lower P/Op Inc 
							(Values for STRL: 12.1% | 35.1x)
						
						
				
						
							GE (16.1% | 33.3x)
							GE Aerospace
						
					
						
							UBER (17.7% | 28.8x)
							Uber Technologies
						
					
						
							CP (20.7% | 13.2x)
							Canadian Pacific Kansas City
						
					
						
							TDG (17.5% | 16.5x)
							TransDigm
						
					
						
							EME (15.3% | 23.9x)
							EMCOR
						
					
					
						
							Higher Rev Chg LTM 
							(Value for STRL: 17.7%)
						
						
				
						
							BA (34.5%)
							Boeing
						
					
						
							VRT (27.7%)
							Vertiv
						
					
						
							GE (21.8%)
							GE Aerospace
						
					
						
							PWR (20.3%)
							Quanta Services
						
					
						
							UBER (18.3%)
							Uber Technologies
						
					
					
						
							Higher Rev Chg 3Y Avg 
							(Value for STRL: 12.1%)
						
						
				
						
							VRT (21.7%)
							Vertiv
						
					
						
							UBER (17.7%)
							Uber Technologies
						
					
						
							GE (16.1%)
							GE Aerospace
						
					
						
							HWM (13.4%)
							Howmet Aerospace
						
					
						
							BA (12.3%)
							Boeing
						
					
					
						
							Higher Op Mgn LTM 
							(Value for STRL: 16.6%)
						
						
				
						
							UNP (40.2%)
							Union Pacific
						
					
						
							ETN (19.0%)
							Eaton
						
					
						
							GE (18.6%)
							GE Aerospace
						
					
						
							DE (18.0%)
							Deere
						
					
						
							HON (17.5%)
							Honeywell International
						
					
					
						
							Higher CFO/Rev LTM 
							(Value for STRL: 17.7%)
						
						
				
						
							UNP (37.9%)
							Union Pacific
						
					
						
							VRT (20.7%)
							Vertiv
						
					
						
							UBER (19.4%)
							Uber Technologies
						
					
						
							GE (18.3%)
							GE Aerospace
						
					
						
							PH (18.3%)
							Parker Hannifin
						
					
					
						
							Higher FCF/Rev LTM 
							(Value for STRL: 14.6%)
						
						
				
						
							UNP (22.4%)
							Union Pacific
						
					
						
							UBER (18.8%)
							Uber Technologies
						
					
						
							VRT (18.4%)
							Vertiv
						
					
						
							PH (16.3%)
							Parker Hannifin
						
					
						
							GE (15.4%)
							GE Aerospace
						
					
					
						
							Higher Total Yield 
							(Value for STRL: 2.0%)
						
						
				
						
							UBER (6.3%)
							Uber Technologies
						
					
						
							RTX (4.3%)
							RTX
						
					
						
							CAT (3.1%)
							Caterpillar
						
					
						
							GE (2.9%)
							GE Aerospace
						
					
						
							ETN (2.8%)
							Eaton
						
					
					
				
					
						All Other Sectors
					
			
					
						
							Higher Rev Chg 3Y Avg | Lower P/S 
							(Values for STRL: 12.1% | 5.8x)
						
						
				
						
							BRK-B (27.0% | 2.5x)
							Berkshire Hathaway
						
					
						
							JPM (12.8% | 4.7x)
							JPMorgan Chase
						
					
						
							BKNG (16.5% | 5.7x)
							Booking
						
					
						
							COF (16.8% | 2.4x)
							Capital One Financial
						
					
						
							PGR (21.0% | 1.4x)
							Progressive
						
					
					
						
							Higher Rev Chg 3Y Avg | Lower P/Op Inc 
							(Values for STRL: 12.1% | 35.1x)
						
						
				
						
							GOOGL (12.5% | 31.1x)
							Alphabet
						
					
						
							MSFT (14.4% | 22.1x)
							Microsoft
						
					
						
							META (19.9% | 20.3x)
							Meta Platforms
						
					
						
							LLY (32.1% | 27.2x)
							Eli Lilly
						
					
						
							MU (45.3% | 18.0x)
							Micron Technology
						
					
					
						
							Higher Rev Chg LTM 
							(Value for STRL: 17.7%)
						
						
				
						
							MU (85.5%)
							Micron Technology
						
					
						
							NVDA (65.5%)
							NVIDIA
						
					
						
							LLY (44.7%)
							Eli Lilly
						
					
						
							AVGO (25.2%)
							Broadcom
						
					
						
							META (22.2%)
							Meta Platforms
						
					
					
						
							Higher Rev Chg 3Y Avg 
							(Value for STRL: 12.1%)
						
						
				
						
							NVDA (101.8%)
							NVIDIA
						
					
						
							AVGO (26.2%)
							Broadcom
						
					
						
							META (19.9%)
							Meta Platforms
						
					
						
							MSFT (14.4%)
							Microsoft
						
					
						
							GOOGL (12.5%)
							Alphabet
						
					
					
						
							Higher Op Mgn LTM 
							(Value for STRL: 16.6%)
						
						
				
						
							NVDA (60.4%)
							NVIDIA
						
					
						
							MSFT (46.7%)
							Microsoft
						
					
						
							AVGO (41.5%)
							Broadcom
						
					
						
							AAPL (32.4%)
							Apple
						
					
						
							GOOGL (32.0%)
							Alphabet
						
					
					
						
							Higher CFO/Rev LTM 
							(Value for STRL: 17.7%)
						
						
				
						
							MSFT (52.5%)
							Microsoft
						
					
						
							NVDA (47.6%)
							NVIDIA
						
					
						
							GOOGL (40.9%)
							Alphabet
						
					
						
							AAPL (31.1%)
							Apple
						
					
						
							AMZN (19.5%)
							Amazon.com
						
					
					
						
							Higher FCF/Rev LTM 
							(Value for STRL: 14.6%)
						
						
				
						
							NVDA (44.8%)
							NVIDIA
						
					
						
							AVGO (42.3%)
							Broadcom
						
					
						
							AAPL (28.3%)
							Apple
						
					
						
							MSFT (25.3%)
							Microsoft
						
					
						
							GOOGL (18.2%)
							Alphabet
						
					
					
						
							Higher Total Yield 
							(Value for STRL: 2.0%)
						
						
				
						
							MSFT (4.6%)
							Microsoft
						
					
						
							GOOGL (3.5%)
							Alphabet
						
					
						
							AAPL (3.4%)
							Apple
						
					
						
							AMZN (2.9%)
							Amazon.com
						
					
						
							NVDA (2.5%)
							NVIDIA
						
					
					
				
					
						Best Bets in Industrials
					
			What You Pay
					
						
							P/EBIT 
							(Value for STRL: 33.9x)
						
						
				
						
							GATX (10.6x)
							GATX
						
					
						
							PAYX (13.9x)
							Paychex
						
					
						
							AGX (63.5x)
							Argan
						
					
						
							TDG (16.5x)
							TransDigm
						
					
						
							PCTY (16.6x)
							Paylocity
						
					
						
							SNA (14.3x)
							Snap-on
						
					
						
							ADP (13.8x)
							Automatic Data Processing
						
					
						
							STRL (33.9x)
							Sterling Infrastructure
						
					
						
							PAYC (11.5x)
							Paycom Software
						
					
						
							WOR (17.5x)
							Worthington Enterprises
						
					
					
						
							P/E 
							(Value for STRL: 50.0x)
						
						
				
						
							GATX (21.3x)
							GATX
						
					
						
							PAYX (20.5x)
							Paychex
						
					
						
							AGX (62.1x)
							Argan
						
					
						
							TDG (34.6x)
							TransDigm
						
					
						
							PCTY (23.5x)
							Paylocity
						
					
						
							SNA (19.5x)
							Snap-on
						
					
						
							ADP (19.3x)
							Automatic Data Processing
						
					
						
							STRL (50.0x)
							Sterling Infrastructure
						
					
						
							PAYC (15.8x)
							Paycom Software
						
					
						
							WOR (24.0x)
							Worthington Enterprises
						
					
What You Get
					
						
							Rev Chg 3Y Avg 
							(Value for STRL: 12.1%)
						
						
				
						
							GATX (11.0%)
							GATX
						
					
						
							PAYX (8.9%)
							Paychex
						
					
						
							AGX (28.8%)
							Argan
						
					
						
							TDG (17.5%)
							TransDigm
						
					
						
							PCTY (19.0%)
							Paylocity
						
					
						
							SNA (2.1%)
							Snap-on
						
					
						
							ADP (7.1%)
							Automatic Data Processing
						
					
						
							STRL (12.1%)
							Sterling Infrastructure
						
					
						
							PAYC (14.4%)
							Paycom Software
						
					
						
							WOR (51.4%)
							Worthington Enterprises
						
					
					
						
							Rev Chg LTM 
							(Value for STRL: 17.7%)
						
						
				
						
							GATX (9.8%)
							GATX
						
					
						
							PAYX (16.4%)
							Paychex
						
					
						
							AGX (8.1%)
							Argan
						
					
						
							TDG (11.7%)
							TransDigm
						
					
						
							PCTY (12.1%)
							Paylocity
						
					
						
							SNA (0.9%)
							Snap-on
						
					
						
							ADP (6.6%)
							Automatic Data Processing
						
					
						
							STRL (17.7%)
							Sterling Infrastructure
						
					
						
							PAYC (8.9%)
							Paycom Software
						
					
						
							WOR (15.0%)
							Worthington Enterprises
						
					
					
						
							Rev Chg Q 
							(Value for STRL: 51.5%)
						
						
				
						
							GATX (8.6%)
							GATX
						
					
						
							PAYX (19.9%)
							Paychex
						
					
						
							AGX (12.7%)
							Argan
						
					
						
							TDG (13.9%)
							TransDigm
						
					
						
							PCTY (10.4%)
							Paylocity
						
					
						
							SNA (3.1%)
							Snap-on
						
					
						
							ADP (6.2%)
							Automatic Data Processing
						
					
						
							STRL (51.5%)
							Sterling Infrastructure
						
					
						
							PAYC (10.2%)
							Paycom Software
						
					
						
							WOR (24.4%)
							Worthington Enterprises
						
					
					
						
							FCF/Rev 3Y Avg 
							(Value for STRL: 18.4%)
						
						
				
						
							GATX (37.4%)
							GATX
						
					
						
							PAYX (33.2%)
							Paychex
						
					
						
							AGX (27.3%)
							Argan
						
					
						
							TDG (22.1%)
							TransDigm
						
					
						
							PCTY (21.7%)
							Paylocity
						
					
						
							SNA (20.8%)
							Snap-on
						
					
						
							ADP (19.7%)
							Automatic Data Processing
						
					
						
							STRL (18.4%)
							Sterling Infrastructure
						
					
						
							PAYC (18.2%)
							Paycom Software
						
					
						
							WOR (18.2%)
							Worthington Enterprises
						
					
			
				[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76
			
		
				
			
		
	

	
		
			
				
				 Latest Trefis Analyses
				 Title Date
0 DASHBOARDS  
1 Is 12.6% Fall In Sterling Infrastructure (STRL) Stock A Buying Opportunity? 03/21/2026
2 Sterling Infrastructure Earnings Notes 12/25/2025
3 Sterling Infrastructure Stock May Still Have Room to Run 12/24/2025
4 Is 20.3% Fall In Sterling Infrastructure (STRL) Stock A Buying Opportunity? 12/03/2025
5 Sterling Infrastructure Stock May Have More Upside 11/26/2025
6 Is 20.5% Fall In Sterling Infrastructure (STRL) Stock A Buying Opportunity? 11/14/2025
7 ARTICLES  
8 Sterling Infrastructure Stock To $285? 03/21/2026
9 Mid Cap Stocks Trading At 52-Week High 02/14/2026
10 Momentum Meets Value: Sterling Infrastructure Stock Could Be A Good Buy 12/24/2025
11 Sterling Infrastructure Stock Down 20%,Time to Buy? 12/03/2025
12 Down 20%, Is Sterling Infrastructure Stock a Buy Now? 12/03/2025
 Title
0 DASHBOARDS
1 Is 12.6% Fall In Sterling Infrastructure (STRL) Stock A Buying Opportunity?
2 Sterling Infrastructure Earnings Notes
3 Sterling Infrastructure Stock May Still Have Room to Run
4 Is 20.3% Fall In Sterling Infrastructure (STRL) Stock A Buying Opportunity?
5 Sterling Infrastructure Stock May Have More Upside
6 Is 20.5% Fall In Sterling Infrastructure (STRL) Stock A Buying Opportunity?
7 ARTICLES
8 Sterling Infrastructure Stock To $285?
9 Mid Cap Stocks Trading At 52-Week High
10 Momentum Meets Value: Sterling Infrastructure Stock Could Be A Good Buy
11 Sterling Infrastructure Stock Down 20%,Time to Buy?
12 Down 20%, Is Sterling Infrastructure Stock a Buy Now?
			
		
	

	
		
			
				
				 Trade Ideas
Select ideas related to STRL.
Unique Key Date Ticker Company Category Trade Strategy 6M Fwd Rtn 12M Fwd Rtn 12M Max DD
NSP_3312026_Insider_Buying_45D_2Buy_200K 03312026 NSP Insperity Insider Insider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days 0.0% 0.0% 0.0%
TNC_3312026_Insider_Buying_45D_2Buy_200K 03312026 TNC Tennant Insider Insider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days 0.0% 0.0% 0.0%
ADP_3272026_Dip_Buyer_FCFYield 03272026 ADP Automatic Data Processing Dip Buy DB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin 1.0% 1.0% 0.0%
HURN_3272026_Dip_Buyer_FCFYield 03272026 HURN Huron Consulting Dip Buy DB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin 4.0% 4.0% 0.0%
TRU_3272026_Dip_Buyer_FCFYield 03272026 TRU TransUnion Dip Buy DB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin 5.2% 5.2% 0.0%
STRL_11142025_Quality_Momentum_RoomToRun_10% 11142025 STRL Sterling Infrastructure Quality Q | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run 20.3% 20.3% -16.3%
STRL_3312025_Insider_Buying_GTE_1Mil_EBITp+DE_V2 03312025 STRL Sterling Infrastructure Insider Insider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap 201.3% 259.7% -7.3%
			
		
	

	
		
			
				
				 Recent Active Movers
				
					1D
					1W
					1M
				
				
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Ticker Company Mkt Cap (B) 1D Rtn YTD Rtn
POET POET Technologies 0.9 19.3% 61.9%
CAR Avis Budget 25.1 17.3% 456.4%
NVTS Navitas Semiconductor 3.4 16.1% 114.7%
CBIO Crescent Biopharma 0.7 13.3% 107.2%
VMI Valmont Industries 9.0 11.9% 14.3%
MLI Mueller Industries 14.7 11.4% 17.7%
EGY VAALCO Energy 0.6 11.0% 65.2%
PBI Pitney Bowes 2.3 10.9% 39.6%
CRVS Corvus Pharmaceuticals 1.4 10.3% 122.6%
VICR Vicor 11.1 9.5% 124.7%
Top Losers
Ticker Company Mkt Cap (B) 1D Rtn YTD Rtn
WASH Washington Trust Bancorp 0.6 -16.9% 5.2%
TPB Turning Point Brands 1.3 -16.5% -34.8%
VSEC VSE 4.4 -13.7% 12.6%
NG Novagold Resources 3.8 -12.7% 0.8%
ULCC Frontier 1.0 -12.1% -10.2%
TSCO Tractor Supply 20.9 -11.7% -20.5%
ELE Elemental Royalty 1.2 -10.4% 7.8%
HYMC Hycroft Mining 3.3 -10.4% 65.8%
PEGA Pegasystems 6.7 -10.3% -34.1%
REPL Replimune 0.2 -10.1% -80.9%
					Top Gainers
Ticker Company Mkt Cap (B) 1W Rtn YTD Rtn
CAR Avis Budget 25.1 73.5% 456.4%
MXL MaxLinear 2.9 56.3% 93.3%
NVTS Navitas Semiconductor 3.4 55.3% 114.7%
POET POET Technologies 0.9 52.8% 61.9%
BB BlackBerry 3.3 41.3% 48.0%
NN NextNav 3.1 40.0% 35.6%
HIMS Hims & Hers Health 6.8 39.3% -8.3%
USAR USA Rare Earth 2.3 34.5% 92.0%
BETR Better Home & Finance 0.7 34.0% 42.9%
BAND Bandwidth 0.7 32.3% 53.7%
Top Losers
Ticker Company Mkt Cap (B) 1W Rtn YTD Rtn
IIIN Insteel Industries 0.5 -34.3% -21.9%
QDEL QuidelOrtho 0.8 -30.5% -57.8%
ANAB AnaptysBio 1.4 -26.2% 6.9%
BMI Badger Meter 3.6 -25.1% -30.5%
AGIO Agios Pharmaceuticals 1.5 -21.1% -3.4%
LCID Lucid 2.3 -19.2% -32.7%
IAG Iamgold 9.7 -18.4% 2.1%
MDXG MiMedx 0.5 -18.4% -52.7%
ORLA Orla Mining 4.8 -18.3% 8.1%
WASH Washington Trust Bancorp 0.6 -17.7% 5.2%
					Top Gainers
Ticker Company Mkt Cap (B) 1M Rtn YTD Rtn
BCPC Balchem 5.6 647.6% 14.6%
CAR Avis Budget 25.1 614.7% 456.4%
AEHR Aehr Test Systems 2.8 171.5% 364.2%
APLS Apellis Pharmaceuticals 5.2 137.9% 63.0%
SGML Sigma Lithium 2.4 135.4% 61.4%
CBIO Crescent Biopharma 0.7 125.4% 107.2%
CODI Compass Diversified 0.9 111.6% 146.0%
KOD Kodiak Sciences 2.4 107.4% 65.0%
MXL MaxLinear 2.9 103.5% 93.3%
SATL Satellogic 0.9 100.8% 285.6%
Top Losers
Ticker Company Mkt Cap (B) 1M Rtn YTD Rtn
REPL Replimune 0.2 -73.4% -80.9%
PIPR Piper Sandler Cos 6.1 -69.0% 9.5%
VRDN Viridian Therapeutics 1.3 -47.1% -54.1%
MAZE Maze Therapeutics 1.2 -46.5% -38.0%
BUR Burford Capital 1.0 -41.2% -49.2%
WVE WAVE Life Sciences 1.3 -37.6% -56.8%
TASK TaskUs 0.7 -30.5% -6.2%
FRMI Fermi 3.0 -29.7% -36.8%
LCID Lucid 2.3 -29.3% -32.7%
BTU Peabody Energy 3.3 -27.5% -8.8%
				
			
		
	

	
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				 Peer Comparisons
Peers to compare with: 
				
				Financials
 STRL PWR MTZ PRIM GVA ACM Median
Name Sterling. Quanta S. MasTec   Primoris. Granite . AECOM     
Mkt Price 472.84 605.89 371.41 164.67 123.92 84.96 268.04
Mkt Cap 14.5 90.5 28.9 8.9 5.4 11.1 12.8
Rev LTM 2,490 28,480 14,299 7,575 4,424 15,956 10,937
Op Inc LTM 414 1,587 653 414 262 1,071 533
FCF LTM 363 1,621 286 340 331 616 352
FCF 3Y Avg 398 1,413 584 273 231 647 491
CFO LTM 440 2,230 546 470 469 741 508
CFO 3Y Avg 472 1,962 785 392 370 765 618
				Growth & Margins
 STRL PWR MTZ PRIM GVA ACM Median
Name Sterling. Quanta S. MasTec   Primoris. Granite . AECOM     
Rev Chg LTM 17.7% 20.3% 16.2% 19.0% 10.4% -1.6% 17.0%
Rev Chg 3Y Avg 12.1% 18.7% 13.8% 19.9% 10.3% 6.5% 13.0%
Rev Chg Q 51.5% 19.7% 15.8% 6.7% 19.2% -4.6% 17.5%
QoQ Delta Rev Chg LTM 11.5% 4.7% 3.9% 1.6% 4.4% -1.1% 4.2%
Op Inc Chg LTM 53.3% 21.8% 49.6% 29.4% 32.0% 13.5% 30.7%
Op Inc Chg 3Y Avg 37.5% 23.8% 152.8% 33.5% 95.7% 14.4% 35.5%
Op Mgn LTM 16.6% 5.6% 4.6% 5.5% 5.9% 6.7% 5.7%
Op Mgn 3Y Avg 13.3% 5.4% 2.9% 5.0% 4.1% 6.0% 5.2%
QoQ Delta Op Mgn LTM 0.4% -0.1% 0.3% -0.2% -0.2% 0.2% 0.0%
CFO/Rev LTM 17.7% 7.8% 3.8% 6.2% 10.6% 4.6% 7.0%
CFO/Rev 3Y Avg 21.8% 8.1% 6.2% 5.9% 9.1% 4.9% 7.1%
FCF/Rev LTM 14.6% 5.7% 2.0% 4.5% 7.5% 3.9% 5.1%
FCF/Rev 3Y Avg 18.4% 5.8% 4.7% 4.1% 5.6% 4.1% 5.1%
				Valuation
 STRL PWR MTZ PRIM GVA ACM Median
Name Sterling. Quanta S. MasTec   Primoris. Granite . AECOM     
Mkt Cap 14.5 90.5 28.9 8.9 5.4 11.1 12.8
P/S 5.8 3.2 2.0 1.2 1.2 0.7 1.6
P/Op Inc 35.1 57.0 44.3 21.5 20.6 10.4 28.3
P/EBIT 33.9 54.8 42.0 21.6 16.1 10.3 27.8
P/E 50.0 88.0 72.5 32.4 28.0 23.7 41.2
P/CFO 33.0 40.6 53.0 19.0 11.5 15.0 26.0
Total Yield 2.0% 1.2% 1.4% 3.3% 3.8% 5.5% 2.6%
Dividend Yield 0.0% 0.1% 0.0% 0.2% 0.2% 1.3% 0.1%
FCF Yield 3Y Avg 9.1% 3.1% 6.4% 6.6% 5.6% 4.9% 6.0%
D/E 0.0 0.1 0.1 0.1 0.3 0.3 0.1
Net D/E -0.0 0.1 0.1 0.0 0.1 0.2 0.1
				Returns
 STRL PWR MTZ PRIM GVA ACM Median
Name Sterling. Quanta S. MasTec   Primoris. Granite . AECOM     
1M Rtn 17.7% 9.1% 23.6% 18.7% 6.8% -3.7% 13.4%
3M Rtn 35.3% 30.7% 54.5% 12.1% 3.2% -11.2% 21.4%
6M Rtn 29.8% 38.6% 79.3% 20.2% 17.7% -36.3% 25.0%
12M Rtn 259.4% 139.0% 234.2% 206.2% 65.6% -6.9% 172.6%
3Y Rtn 1,174.5% 266.9% 331.0% 588.2% 235.8% 6.3% 298.9%
1M Excs Rtn 9.2% 0.5% 15.0% 10.1% -1.8% -12.3% 4.9%
3M Excs Rtn 31.3% 26.8% 50.6% 8.2% -0.7% -15.1% 17.5%
6M Excs Rtn 27.0% 33.7% 78.0% 14.5% 12.2% -40.6% 20.8%
12M Excs Rtn 203.4% 93.2% 185.5% 158.8% 27.5% -42.7% 126.0%
3Y Excs Rtn 1,117.0% 195.7% 249.5% 490.5% 157.9% -64.9% 222.6%
				Comparison Analyses
 Title
0 How Does Sterling Infrastructure Stock Stack Up Against Its Peers?
			
		
	

	
		
			
				
				 FDIC Bank Data
				Capital & Deposits
Assets
Loans
				
					Bank Capital
nullBank Deposits
null
					Bank Assets
null
					Bank Loans
null
				
			
		
	

	
		
			
				
				 FDA Approved Drugs Data
				Expand for Morenull
				Collapse to Previewnull
			
		
	

	
		
			
				
				 Financials
				Annual
Quarterly
				$ Mil | FY: 12/31 LTM 2025 2024 2023 2022 2021 2020
Period End 12/31/2025 12/31/2025 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Filing Date 2/26/2026 2/26/2026 2/26/2025 2/27/2024 2/28/2023 3/1/2022 3/3/2021

Key Financials              
Total Revenue 2,490 2,490 2,116 1,972 1,769 1,414 1,227
EBITDA 505 505 452 277 213 142 125
Operating Income 414 414 270 206 161 111 94
Net Income 290 290 257 139 106 63 42
EPS 9.49 9.50 8.35 4.51 3.20 2.19 1.52

Growth Rates              
Total Revenue Growth 17.7% 17.7% 7.3% 11.5% 25.1% 15.3% 8.9%
EBITDA Growth 11.8% 11.8% 63.0% 30.3% 49.5% 13.6% 141.3%
Operating Income Growth 53.3% 53.3% 31.0% 28.2% 44.9% 18.4% 122.6%
Net Income Growth 12.7% 12.7% 85.7% 30.2% 69.9% 48.1% 6.0%

Margins              
EBITDA Margin 20.3% 20.3% 21.4% 14.1% 12.0% 10.1% 10.2%
Operating Income Margin 16.6% 16.6% 12.8% 10.4% 9.1% 7.8% 7.6%
Net Income Margin 11.7% 11.7% 12.2% 7.0% 6.0% 4.4% 3.4%

Cash & Debt              
Total Cash 391 391 664 472 182 61 66
Total Debt 350 350 369 399 491 472 385
Net Debt / (Cash) -41 -41 -295 -73 310 411 319

Cash Flows              
Net Cash from Operations 440 440 497 479 219 159 123
Free Cash from Operations 363 363 416 414 158 112 90

Returns to Shareholders              
Dividends 0 -0 -0 -0 -0 -0 -0
Share Repurchases 74 74 71 -0 -0 -0 -0
$ Mil | FY: 12/31 2025Q4 2025Q3 2025Q2 2025Q1 2024Q4 2024Q3 2024Q2 2024Q1 2023Q4 2023Q3 2023Q2 2023Q1
Period End 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Filing Date 2/26/2026 11/4/2025 8/5/2025 5/6/2025 2/26/2025 11/7/2024 8/6/2024 5/7/2024 2/27/2024 11/7/2023 8/8/2023 5/2/2023

Key Financials Quarterly                        
Total Revenue 756 689 614 431 499 594 583 440 486 560 522 404
Ebitda 145 151 129 80 179 112 96 64 76 76 76 48
Operating Income 116 132 108 58 64 89 74 43 56 57 60 33
Net Income 88 92 71 39 113 61 52 31 40 39 39 20
EPS 2.85 3.02 2.33 1.29 3.69 2.00 1.68 1.00 1.30 1.28 1.28 0.64

Key Financials TTM                        
Total Revenue TTM 2,490 2,233 2,138 2,106 2,116 2,103 2,070 2,009 1,972 1,935 1,868 1,807
Ebitda TTM 505 539 501 468 452 349 313 293 277 252 239 220
Operating Income TTM 414 362 319 284 270 261 230 216 206 188 180 164
Net Income TTM 290 316 285 266 257 184 162 150 139 130 120 107

Growth Rates Quarterly                        
Total Revenue Growth 51.5% 16.0% 5.4% -2.1% 2.6% 6.0% 11.6% 9.1% 8.3% 13.7% 13.1% 10.3%
EBITDA Growth -18.8% 34.2% 34.5% 24.3% 134.4% 47.7% 25.5% 33.1% 49.2% 21.3% 32.6% 17.4%
Operating Income Growth 79.8% 49.0% 46.8% 33.4% 15.5% 54.7% 22.4% 31.5% 49.1% 15.5% 36.4% 10.8%
Net Income Growth -22.6% 50.2% 36.8% 27.1% 181.8% 55.8% 31.4% 58.0% 26.6% 33.3% 52.1% 11.2%

Margins Quarterly                        
EBITDA Margin 19.3% 21.9% 21.0% 18.5% 35.9% 18.9% 16.5% 14.6% 15.7% 13.6% 14.6% 12.0%
Operating Income Margin 15.3% 19.2% 17.6% 13.4% 12.9% 14.9% 12.7% 9.8% 11.4% 10.2% 11.5% 8.1%
Net Income Margin 11.6% 13.4% 11.6% 9.2% 22.7% 10.3% 8.9% 7.1% 8.3% 7.0% 7.6% 4.9%

Cash & Debt                        
Total Cash 391 306 699 639 664 648 540 480 472 409 278 203
Total Debt 350 359 343 359 369 378 388 391 399 415 426 463
Net Debt / (Cash) -41 53 -356 -280 -295 -271 -152 -90 -73 6 147 261

Cash Flows Quarterly                        
FCF from Operations 186 84 85 85 174 152 121 50 147 150 132 49

Cash Flows TTM                        
FCF from Operations TTM 440 428 497 532 497 470 468 479 479 412 358 242

Returns to Shareholders Quarterly                        
Dividends 0 0 0 0 0 0 0 0 0 0 0 0
Share Repurchases 26 5 -0 44 20 20 30 -0 -0 -0 -0 -0

Return on Invested Capital (ROIC) Quarterly                        
ROIC 559.0% 186.4% - - - - 272.3% 71.0% 77.9% 56.4% 40.4% 17.7%

Return on Invested Capital (ROIC) TTM                        
ROIC TTM 486.0% 126.4% - - - - 216.1% 83.2% 69.8% 45.1% 29.2% 21.1%
			
		
	

	
		
			
				
				 Segment Financials
Assets by Segment
$ Mil 2025 2024 2023 2022 2021
E-Infrastructure Solutions 958 924 880 773 471
Corporate 642 386 137 23 54
Building Solutions 239 246 178 143 143
Transportation Solutions 178 222 247 203 285
Discontinued Operations       93  
Total 2,017 1,777 1,442 1,235 953



			
		
	

	
		
			
				
				 Price Behavior
				Behavior Stats
Betas Matrix
Behavior vs Other Asset Classes
				
					Price Behavior
Market Price $472.84  
Market Cap ($ Bil) 14.5  
First Trading Date 08/18/1995  
Distance from 52W High -0.0%  
    50 Days 200 Days
DMA Price $426.68 $347.67
DMA Trend up up
Distance from DMA 10.8% 36.0%
  3M 1YR
Volatility 65.0% 57.4%
Downside Capture 0.39 0.92
Upside Capture 361.91 297.90
Correlation (SPY) 49.7% 51.8%
					
STRL Betas & Captures as of 3/31/2026


  1M 2M 3M 6M 1Y 3Y
Beta 3.48 3.03 2.66 3.15 1.77 1.86
Up Beta 4.01 5.26 4.66 3.10 1.78 1.83
Down Beta 4.75 2.92 2.26 3.17 1.34 1.67
Up Capture 467% 455% 476% 611% 732% 3318%
Bmk +ve Days 7 16 27 65 139 424
Stock +ve Days 13 23 35 67 139 409
Down Capture 199% 165% 130% 207% 131% 110%
Bmk -ve Days 12 23 33 58 110 323
Stock -ve Days 9 19 28 59 112 339


[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
					
						
							1Y
							5Y
							10Y
						
						
							Based On 1-Year Data
 Annualized
Return Annualized
Volatility Sharpe
Ratio Correlation
with STRL
STRL 226.8% 57.7% 2.28 -
Sector ETF (XLI) 38.5% 15.4% 1.91 61.1%
Equity (SPY) 23.7% 12.7% 1.52 55.3%
Gold (GLD) 41.4% 27.5% 1.25 15.5%
Commodities (DBC) 22.4% 16.2% 1.25 8.9%
Real Estate (VNQ) 14.2% 13.8% 0.72 18.5%
Bitcoin (BTCUSD) -10.4% 42.7% -0.14 22.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
							Based On 5-Year Data
 Annualized
Return Annualized
Volatility Sharpe
Ratio Correlation
with STRL
STRL 85.4% 50.7% 1.40 -
Sector ETF (XLI) 12.9% 17.3% 0.59 55.7%
Equity (SPY) 10.8% 17.1% 0.49 48.0%
Gold (GLD) 21.6% 17.8% 0.99 9.8%
Commodities (DBC) 10.9% 18.8% 0.47 13.7%
Real Estate (VNQ) 4.1% 18.8% 0.12 29.1%
Bitcoin (BTCUSD) 3.8% 56.4% 0.29 21.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
							Based On 10-Year Data
 Annualized
Return Annualized
Volatility Sharpe
Ratio Correlation
with STRL
STRL 56.7% 50.6% 1.09 -
Sector ETF (XLI) 14.0% 19.9% 0.62 51.7%
Equity (SPY) 13.9% 17.9% 0.67 45.8%
Gold (GLD) 13.7% 15.9% 0.71 4.6%
Commodities (DBC) 8.2% 17.6% 0.39 18.1%
Real Estate (VNQ) 5.4% 20.7% 0.23 33.3%
Bitcoin (BTCUSD) 68.0% 66.9% 1.07 13.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
						
					
				
			
		
		
			
				
				 Short Interest
Short Interest: As Of Date 3312026
Short Interest: Shares Quantity 2.1 Mil
Short Interest: % Change Since 3152026 6.3%
Average Daily Volume 0.5 Mil
Days-to-Cover Short Interest 4.5 days
Basic Shares Quantity 30.7 Mil
Short % of Basic Shares 6.7%
			
		
	

	
		
			
				 Returns Analyses
 Title
0 Sterling Infrastructure Stock Drop Looks Sharp, But How Deep Can It Go?
			
		
	

	
		
			
				
				 Earnings Returns History
				Expand for More  Forward Returns
Earnings Date 1D Returns 5D Returns 21D Returns
2/25/2026 -4.8% -7.7% -8.6%
11/3/2025 -2.6% -2.1% -15.4%
8/4/2025 9.1% 6.7% 0.8%
2/25/2025 5.4% 5.5% 8.3%
11/6/2024 -0.6% 6.4% 11.6%
8/5/2024 3.5% 3.0% 6.7%
5/6/2024 15.8% 21.6% 10.6%
2/26/2024 18.1% 23.8% 25.4%
... 
SUMMARY STATS      
# Positive 11 13 13
# Negative 8 6 6
Median Positive 5.0% 8.7% 8.6%
Median Negative -4.6% -5.0% -5.4%
Max Positive 22.3% 29.7% 29.6%
Max Negative -15.9% -11.0% -15.4%
				Collapse to Preview  Forward Returns
Earnings Date 1D Returns 5D Returns 21D Returns
2/25/2026 -4.8% -7.7% -8.6%
11/3/2025 -2.6% -2.1% -15.4%
8/4/2025 9.1% 6.7% 0.8%
2/25/2025 5.4% 5.5% 8.3%
11/6/2024 -0.6% 6.4% 11.6%
8/5/2024 3.5% 3.0% 6.7%
5/6/2024 15.8% 21.6% 10.6%
2/26/2024 18.1% 23.8% 25.4%
11/6/2023 -15.9% -11.0% -10.3%
8/7/2023 22.3% 29.7% 29.6%
2/28/2023 3.7% 8.7% -1.2%
11/1/2022 -0.3% 12.3% 8.6%
8/1/2022 -4.4% -2.2% -2.2%
3/1/2022 5.0% -1.4% -1.0%
11/2/2021 4.7% 17.5% 5.8%
8/2/2021 3.6% 1.7% 6.7%
3/2/2021 -15.6% -7.8% 0.1%
11/3/2020 -6.6% 7.8% 10.0%
8/4/2020 4.9% 18.1% 13.4%
SUMMARY STATS      
# Positive 11 13 13
# Negative 8 6 6
Median Positive 5.0% 8.7% 8.6%
Median Negative -4.6% -5.0% -5.4%
Max Positive 22.3% 29.7% 29.6%
Max Negative -15.9% -11.0% -15.4%
			
		
		
			
				
				 SEC Filings
				Expand for MoreReport Date Filing Date Filing
12/31/2025 02/26/2026 10-K
09/30/2025 11/04/2025 10-Q
06/30/2025 08/05/2025 10-Q
03/31/2025 05/06/2025 10-Q
12/31/2024 02/26/2025 10-K
09/30/2024 11/07/2024 10-Q
06/30/2024 08/06/2024 10-Q
03/31/2024 05/07/2024 10-Q
12/31/2023 02/27/2024 10-K
09/30/2023 11/07/2023 10-Q
06/30/2023 08/08/2023 10-Q
03/31/2023 05/02/2023 10-Q
12/31/2022 02/28/2023 10-K
09/30/2022 11/01/2022 10-Q
06/30/2022 08/02/2022 10-Q
03/31/2022 05/03/2022 10-Q
				Collapse to PreviewReport Date Filing Date Filing
12/31/2025 02/26/2026 10-K
09/30/2025 11/04/2025 10-Q
06/30/2025 08/05/2025 10-Q
03/31/2025 05/06/2025 10-Q
12/31/2024 02/26/2025 10-K
09/30/2024 11/07/2024 10-Q
06/30/2024 08/06/2024 10-Q
03/31/2024 05/07/2024 10-Q
12/31/2023 02/27/2024 10-K
09/30/2023 11/07/2023 10-Q
06/30/2023 08/08/2023 10-Q
03/31/2023 05/02/2023 10-Q
12/31/2022 02/28/2023 10-K
09/30/2022 11/01/2022 10-Q
06/30/2022 08/02/2022 10-Q
03/31/2022 05/03/2022 10-Q
12/31/2021 03/01/2022 10-K
09/30/2021 11/03/2021 10-Q
06/30/2021 08/03/2021 10-Q
03/31/2021 05/04/2021 10-Q
12/31/2020 03/03/2021 10-K
09/30/2020 11/03/2020 10-Q
06/30/2020 08/04/2020 10-Q
03/31/2020 05/05/2020 10-Q
12/31/2019 03/03/2020 10-K
09/30/2019 11/05/2019 10-Q
06/30/2019 08/06/2019 10-Q
03/31/2019 05/07/2019 10-Q
			
		
	

	
		
			
				
				 Recent Forward Guidance [BETA]
				Latest: Q4 2025 Earnings Reported 2/25/2026
				Forward Guidance Guidance Change
Metric Low Mid High % Chg % Delta Change Prior
2026 Revenue 3.05 Bil 3.12 Bil 3.20 Bil 31.2%   Higher New Actual: 2.38 Bil for 2025
2026 Net Income 365.00 Mil 374.50 Mil 384.00 Mil 37.4%   Higher New Actual: 272.50 Mil for 2025
2026 EPS 11.7 11.9 12.2 35.8%   Higher New Actual: 8.8 for 2025
2026 EBITDA 587.00 Mil 603.50 Mil 620.00 Mil 34.0%   Higher New Actual: 450.50 Mil for 2025
2026 Adjusted Net Income 422.00 Mil 431.50 Mil 441.00 Mil 33.4%   Higher New Actual: 323.50 Mil for 2025
2026 Adjusted Diluted EPS 13.4 13.8 14.1 31.8%   Higher New Actual: 10.4 for 2025
2026 Adjusted EBITDA 626.00 Mil 642.50 Mil 659.00 Mil 31.5%   Higher New Actual: 488.50 Mil for 2025
				Prior: Q3 2025 Earnings Reported 11/3/2025
				Forward Guidance Guidance Change
Metric Low Mid High % Chg % Delta Change Prior
2025 Revenue 2.38 Bil 2.38 Bil 2.39 Bil 12.1%   Raised Guidance: 2.12 Bil for 2025
2025 Net Income 270.00 Mil 272.50 Mil 275.00 Mil 10.1%   Raised Guidance: 247.50 Mil for 2025
2025 Diluted EPS 8.73 8.8 8.87 10.0%   Raised Guidance: 8 for 2025
2025 EBITDA 448.00 Mil 450.50 Mil 453.00 Mil 8.9%   Raised Guidance: 413.50 Mil for 2025
2025 Adjusted Net Income 321.00 Mil 323.50 Mil 326.00 Mil 11.7%   Raised Guidance: 289.50 Mil for 2025
2025 Adjusted Diluted EPS 10.3 10.4 10.5 11.7%   Raised Guidance: 9.34 for 2025
2025 Adjusted EBITDA 486.00 Mil 488.50 Mil 491.00 Mil 9.7%   Raised Guidance: 445.50 Mil for 2025
			
		
	

	
		
			
				
				 Insider Activity
				Expand for More# Owner Title Holding Action Filing Date Price Shares Transacted
Value Value of
Held Shares Form
1 Wolf, Mark D General Counsel, Corporate Sec Direct Sell 6252025 225.87 3,500 790,545 6,621,379 Form
2 O'Brien, Dana C   Direct Sell 6182025 206.58 10,154 2,097,613 3,408,157 Form
3 Cutillo, Joseph A Chief Executive Officer Direct Buy 3042025 124.32 8,120 1,009,511 58,823,528 Form
4 Wolf, Mark D General Counsel, Corporate Sec Direct Sell 2282025 122.16 2,563 313,096 4,008,680 Form
5 Wilson, Dwayne Andree   Direct Sell 1202026 350.00 2,860 1,001,000 5,162,150 Form
				Collapse to Preview# Owner Title Holding Action Filing Date Price Shares Transacted
Value Value of
Held Shares Form
1 Wolf, Mark D General Counsel, Corporate Sec Direct Sell 6252025 225.87 3,500 790,545 6,621,379 Form
2 O'Brien, Dana C   Direct Sell 6182025 206.58 10,154 2,097,613 3,408,157 Form
3 Cutillo, Joseph A Chief Executive Officer Direct Buy 3042025 124.32 8,120 1,009,511 58,823,528 Form
4 Wolf, Mark D General Counsel, Corporate Sec Direct Sell 2282025 122.16 2,563 313,096 4,008,680 Form
5 Wilson, Dwayne Andree   Direct Sell 1202026 350.00 2,860 1,001,000 5,162,150 Form
6 O'Brien, Dana C   Direct Sell 2102026 395.00 2,000 790,000 5,331,710 Form
7 O'Brien, Dana C   Direct Sell 2102026 410.00 2,000 820,000 4,714,180 Form
8 Wilson, Dwayne Andree   Direct Sell 3062026 412.36 1,200 494,832 5,587,062 Form
9 Dill, Julie   Direct Sell 3092026 384.28 4,500 1,729,246 6,860,494 Form
10 Cutillo, Joseph A Chief Executive Officer Direct Sell 3112026 408.42 52,408 21,404,365 178,962,598 Form
11 Cutillo, Joseph A Chief Executive Officer Direct Sell 3112026 416.21 47,592 19,808,281 162,568,830 Form
12 Cutillo, Joseph A Chief Executive Officer Direct Sell 3272026 453.48 50,000 22,674,175 154,453,306 Form
13 Wilson, Dwayne Andree   Direct Sell 3162026 405.95 1,260 511,496 4,988,715 Form
			
		
	
	
	
		
			
				
				 STRL Trade Sentinel
				
				
					
						
					
					
						
					
					
						
					
					
						
					
				
				
				
				
				
					
						
							
								
									
										Stock Conviction									
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									 	CONVICTION RATIONALE
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								Looking for high-conviction positions with a better risk/reward profile? See what's currently in the 
								Trefis High Quality Portfolio.
							

							
								
									
										INVESTMENT THESIS
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											Mechanism:
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											Supporting Evidence:
											
												
											
										
									
								
								
								
									
										PRIMARY RISK
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											Mechanism:
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											Supporting Evidence:
											
												 
											
										
									
								
							

							
								 Key KPI Watchlist
								 
									
										
											
												
													KPI
													Threshold
													Rationale
												
											
											
												
											
										
									
								 
							

						
					

					
						
							
								Core Investment Debate
								
							

							
								
									
										BULL VIEW
										
									
								
								
									
										CORE TENSION
										
										
										PREVAILING SENTIMENT
										
										
									
								
								
									
										BEAR VIEW
										
									
								
							

							
								Next 6 months: Risks and Catalysts
								
									
										
											
												
													Timeline
													Event & Metric To Watch
												
											
											
												
											
										
									
								
							

							
								Key Events in Last 6 Months
								
									
										
											
												
													Date
													Event
													Stock Impact
												
											
											
												
											
										
									
								
							

							
								Risk Management
								
									
										
											 Position Sizing
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											 Diversification Alternatives
											
												
											
										
									
								
							
						
					

					
						
							How Is The Market Pricing STRL?

							
								
									
								
							

							
								
									
								
							

							
								
									
										 What will confirm the thesis
										
									
								

								
									
										 What will damage the thesis
										
									
								

								
									
										 Noise: Real but irrelevant to thesis
										
									
								
							

							
								Repricing Catalyst
								
							

							
								What STRL Makes & Who Pays

								
									
										TTM figures based on 
									
								
								
								
									
								
							

							
								STRL Evolution: Price Return by Era
								
								
								

								
									
										
									
								
							

						
					

					
						
						
							
							
								
								

								
									
										① Structure
										
											0
											
										
										
									
									
										② Volume / Momentum
										
											0
											
										
										
									
									
										③ Catalyst
										
											0
											
										
										
									
								

								
									Combined Score
									
										
									
									0 / 12
								
							

							
								
									1
									Price Structure & Trend
									 · 
									▾
								
								
									
										▲
										
									

									
										
											Current
											$
											
											
										
										
											20D SMA
											$
											
											Below
										
										
											50D SMA
											$
											Slope: %
											Below
										
										
											200D SMA
											$
											Slope: %
											Below
										
									

									
										✕
										 —  trading days ago
									

									
										
											52W High
											$
										
										
											From 52W High
											%
										
										
											All-Time High
											$
										
										
											From ATH
											%
										
									
									
										
											52W Low
											$
										
										
											From 52W Low
											%
										
									
								
							

							
								
									2
									Momentum
									
									▾
								
								
									
										↑
										
									

									
										
											5D
											%
											
										
										
											20D
											%
											
										
										
											63D
											%
											
										
										
											126D
											%
											
										
										
											252D
											%
											
										
									
								
							

							
								
									3
									Relative Strength vs. SPY
									
									▾
								
								
									
										↑
										
									

									
										
											20D
											
											%
										
										
											63D
											
											%
										
										
											126D
											
											%
										
										
											252D
											
											%
										
									

									
										
											RS Trend
											%
										
										
											RS Character
											
										
									
								
							

							
								
									4
									Institutional Footprint & Volume
									
									▾
								
								
									
										↓
										
									
									
										◈
										
									

									
										
											Score
											
										
										
											Up/Down Vol 20D
											
										
										
											Up/Down Vol 60D
											
										
									
									
										
											OBV Slope 20D
											
										
										
											OBV Slope 60D
											
										
										
											Hi-Conv Up Days
											
											Past 60D
										
										
											Hi-Conv Down Days
											
											Past 60D
										
									
									
										
											Volume Trend
											
											20D avg vs 60D avg
										
										
									
								
							

							
								
									5
									Volatility
									
									▾
								
								
									
										≈
										
									
									
										
											HV 20D
											%
										
										
											HV 60D
											%
										
										
											HV 252D
											%
										
									
									
										
											Compression Ratio
											
										
										
											ATR 14D
											%
										
									
								
							

							
								
									6
									Key Price Levels
									Range · Vol 
									▾
								
								
									
										◈
										
									
									
										
											Nearest Resistance
											$
											% away ·  touches
										
										
											Nearest Support
											$
											% away ·  touches
										
										
											2nd Support
											$
											 touches
										
										
											Risk / Reward
											×
										
									
									
										
											Approach Volume
											
										
										
											Current Price
											$
										
									
								
							

							
								
									7
									Earnings Reaction History
									
									▾
								
								
									
										★
										
									
									
										
											
												
												
											
											
												%
												Earnings Day Return · Vol Spike ×
												
													
														5D
														%
													
													
														10D
														%
													
													
														20D
														%
													
													
														Post Vol
														×
													
												
												
												
											
										
										
											
												
												
											
											
												%
												Earnings Day Return · Vol Spike ×
												
													
														5D
														%
													
													
														10D
														%
													
													
														20D
														%
													
													
														Post Vol
														×
													
												
												
												
											
										
									
								
							

							
								
									8
									How the Verdict Is Derived
									Three Pillars
									▾
								
								
									
										
											
												Pillar
												Score
											
										
										
											
												① Structure
												0
											
											
												② Vol / Mom
												0
											
											
												③ Catalyst
												0
											
										
									
									
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Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

	Title	Date
0	DASHBOARDS
1	Is 12.6% Fall In Sterling Infrastructure (STRL) Stock A Buying Opportunity?	03/21/2026
2	Sterling Infrastructure Earnings Notes	12/25/2025
3	Sterling Infrastructure Stock May Still Have Room to Run	12/24/2025
4	Is 20.3% Fall In Sterling Infrastructure (STRL) Stock A Buying Opportunity?	12/03/2025
5	Sterling Infrastructure Stock May Have More Upside	11/26/2025
6	Is 20.5% Fall In Sterling Infrastructure (STRL) Stock A Buying Opportunity?	11/14/2025
7	ARTICLES
8	Sterling Infrastructure Stock To $285?	03/21/2026
9	Mid Cap Stocks Trading At 52-Week High	02/14/2026
10	Momentum Meets Value: Sterling Infrastructure Stock Could Be A Good Buy	12/24/2025
11	Sterling Infrastructure Stock Down 20%,Time to Buy?	12/03/2025
12	Down 20%, Is Sterling Infrastructure Stock a Buy Now?	12/03/2025

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
NSP_3312026_Insider_Buying_45D_2Buy_200K	03312026	NSP	Insperity	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
TNC_3312026_Insider_Buying_45D_2Buy_200K	03312026	TNC	Tennant	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
ADP_3272026_Dip_Buyer_FCFYield	03272026	ADP	Automatic Data Processing	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.0%	1.0%	0.0%
HURN_3272026_Dip_Buyer_FCFYield	03272026	HURN	Huron Consulting	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	4.0%	4.0%	0.0%
TRU_3272026_Dip_Buyer_FCFYield	03272026	TRU	TransUnion	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.2%	5.2%	0.0%
STRL_11142025_Quality_Momentum_RoomToRun_10%	11142025	STRL	Sterling Infrastructure	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	20.3%	20.3%	-16.3%
STRL_3312025_Insider_Buying_GTE_1Mil_EBITp+DE_V2	03312025	STRL	Sterling Infrastructure	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	201.3%	259.7%	-7.3%

	STRL	PWR	MTZ	PRIM	GVA	ACM	Median
Name	Sterling.	Quanta S.	MasTec	Primoris.	Granite .	AECOM
Mkt Price	472.84	605.89	371.41	164.67	123.92	84.96	268.04
Mkt Cap	14.5	90.5	28.9	8.9	5.4	11.1	12.8
Rev LTM	2,490	28,480	14,299	7,575	4,424	15,956	10,937
Op Inc LTM	414	1,587	653	414	262	1,071	533
FCF LTM	363	1,621	286	340	331	616	352
FCF 3Y Avg	398	1,413	584	273	231	647	491
CFO LTM	440	2,230	546	470	469	741	508
CFO 3Y Avg	472	1,962	785	392	370	765	618

$ Mil	2025	2024	2023	2022	2021
E-Infrastructure Solutions	958	924	880	773	471
Corporate	642	386	137	23	54
Building Solutions	239	246	178	143	143
Transportation Solutions	178	222	247	203	285
Discontinued Operations				93
Total	2,017	1,777	1,442	1,235	953

Market Price	$472.84
Market Cap ($ Bil)	14.5
First Trading Date	08/18/1995
Distance from 52W High	-0.0%
	50 Days	200 Days
DMA Price	$426.68	$347.67
DMA Trend	up	up
Distance from DMA	10.8%	36.0%
	3M	1YR
Volatility	65.0%	57.4%
Downside Capture	0.39	0.92
Upside Capture	361.91	297.90
Correlation (SPY)	49.7%	51.8%

	1M	2M	3M	6M	1Y	3Y
Beta	3.48	3.03	2.66	3.15	1.77	1.86
Up Beta	4.01	5.26	4.66	3.10	1.78	1.83
Down Beta	4.75	2.92	2.26	3.17	1.34	1.67
Up Capture	467%	455%	476%	611%	732%	3318%
Bmk +ve Days	7	16	27	65	139	424
Stock +ve Days	13	23	35	67	139	409
Down Capture	199%	165%	130%	207%	131%	110%
Bmk -ve Days	12	23	33	58	110	323
Stock -ve Days	9	19	28	59	112	339

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with STRL
STRL	226.8%	57.7%	2.28	-
Sector ETF (XLI)	38.5%	15.4%	1.91	61.1%
Equity (SPY)	23.7%	12.7%	1.52	55.3%
Gold (GLD)	41.4%	27.5%	1.25	15.5%
Commodities (DBC)	22.4%	16.2%	1.25	8.9%
Real Estate (VNQ)	14.2%	13.8%	0.72	18.5%
Bitcoin (BTCUSD)	-10.4%	42.7%	-0.14	22.8%

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with STRL
STRL	85.4%	50.7%	1.40	-
Sector ETF (XLI)	12.9%	17.3%	0.59	55.7%
Equity (SPY)	10.8%	17.1%	0.49	48.0%
Gold (GLD)	21.6%	17.8%	0.99	9.8%
Commodities (DBC)	10.9%	18.8%	0.47	13.7%
Real Estate (VNQ)	4.1%	18.8%	0.12	29.1%
Bitcoin (BTCUSD)	3.8%	56.4%	0.29	21.2%

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with STRL
STRL	56.7%	50.6%	1.09	-
Sector ETF (XLI)	14.0%	19.9%	0.62	51.7%
Equity (SPY)	13.9%	17.9%	0.67	45.8%
Gold (GLD)	13.7%	15.9%	0.71	4.6%
Commodities (DBC)	8.2%	17.6%	0.39	18.1%
Real Estate (VNQ)	5.4%	20.7%	0.23	33.3%
Bitcoin (BTCUSD)	68.0%	66.9%	1.07	13.4%

Short Interest: As Of Date	3312026
Short Interest: Shares Quantity	2.1 Mil
Short Interest: % Change Since 3152026	6.3%
Average Daily Volume	0.5 Mil
Days-to-Cover Short Interest	4.5 days
Basic Shares Quantity	30.7 Mil
Short % of Basic Shares	6.7%

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
2/25/2026	-4.8%	-7.7%	-8.6%
11/3/2025	-2.6%	-2.1%	-15.4%
8/4/2025	9.1%	6.7%	0.8%
2/25/2025	5.4%	5.5%	8.3%
11/6/2024	-0.6%	6.4%	11.6%
8/5/2024	3.5%	3.0%	6.7%
5/6/2024	15.8%	21.6%	10.6%
2/26/2024	18.1%	23.8%	25.4%
...
SUMMARY STATS
# Positive	11	13	13
# Negative	8	6	6
Median Positive	5.0%	8.7%	8.6%
Median Negative	-4.6%	-5.0%	-5.4%
Max Positive	22.3%	29.7%	29.6%
Max Negative	-15.9%	-11.0%	-15.4%

Report Date	Filing Date	Filing
12/31/2025	02/26/2026	10-K
09/30/2025	11/04/2025	10-Q
06/30/2025	08/05/2025	10-Q
03/31/2025	05/06/2025	10-Q
12/31/2024	02/26/2025	10-K
09/30/2024	11/07/2024	10-Q
06/30/2024	08/06/2024	10-Q
03/31/2024	05/07/2024	10-Q
12/31/2023	02/27/2024	10-K
09/30/2023	11/07/2023	10-Q
06/30/2023	08/08/2023	10-Q
03/31/2023	05/02/2023	10-Q
12/31/2022	02/28/2023	10-K
09/30/2022	11/01/2022	10-Q
06/30/2022	08/02/2022	10-Q
03/31/2022	05/03/2022	10-Q

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Revenue	3.05 Bil	3.12 Bil	3.20 Bil	31.2%		Higher New	Actual: 2.38 Bil for 2025
2026 Net Income	365.00 Mil	374.50 Mil	384.00 Mil	37.4%		Higher New	Actual: 272.50 Mil for 2025
2026 EPS	11.7	11.9	12.2	35.8%		Higher New	Actual: 8.8 for 2025
2026 EBITDA	587.00 Mil	603.50 Mil	620.00 Mil	34.0%		Higher New	Actual: 450.50 Mil for 2025
2026 Adjusted Net Income	422.00 Mil	431.50 Mil	441.00 Mil	33.4%		Higher New	Actual: 323.50 Mil for 2025
2026 Adjusted Diluted EPS	13.4	13.8	14.1	31.8%		Higher New	Actual: 10.4 for 2025
2026 Adjusted EBITDA	626.00 Mil	642.50 Mil	659.00 Mil	31.5%		Higher New	Actual: 488.50 Mil for 2025

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Wolf, Mark D	General Counsel, Corporate Sec	Direct	Sell	6252025	225.87	3,500	790,545	6,621,379	Form
2	O'Brien, Dana C		Direct	Sell	6182025	206.58	10,154	2,097,613	3,408,157	Form
3	Cutillo, Joseph A	Chief Executive Officer	Direct	Buy	3042025	124.32	8,120	1,009,511	58,823,528	Form
4	Wolf, Mark D	General Counsel, Corporate Sec	Direct	Sell	2282025	122.16	2,563	313,096	4,008,680	Form
5	Wilson, Dwayne Andree		Direct	Sell	1202026	350.00	2,860	1,001,000	5,162,150	Form

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2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
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6	YCharts	Perplexity Finance
7	FinViz

Sterling Infrastructure (STRL)

Market Price (4/22/2026): $478.0 | Market Cap: $14.7 BilSector: Industrials | Industry: Construction & Engineering

Sterling Infrastructure (STRL)

Market Price (4/22/2026): $478.0Market Cap: $14.7 BilSector: IndustrialsIndustry: Construction & Engineering

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Sterling Infrastructure (STRL)

Major Customers of Sterling Infrastructure (STRL)

Joseph A. Cutillo – Chief Executive Officer

Nicholas Grindstaff – Chief Financial Officer

Daniel Govin – Chief Operating Officer

Mark Wolf – General Counsel, Chief Compliance Officer & Corporate Secretary

Key Risks for Sterling Infrastructure (STRL)

Transportation Infrastructure (U.S.)

E-Infrastructure (U.S.)

Building Solutions (U.S.)

Interactive Breakdown

Better Bets vs. Sterling Infrastructure (STRL)

INDUSTRY: Construction & Engineering

Higher Rev Chg 3Y Avg | Lower P/S (Values for STRL: 12.1% | 5.8x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for STRL: 12.1% | 35.1x)

Higher Rev Chg LTM (Value for STRL: 17.7%)

Higher Rev Chg 3Y Avg (Value for STRL: 12.1%)

Higher CFO/Rev LTM (Value for STRL: 17.7%)

Higher FCF/Rev LTM (Value for STRL: 14.6%)

Higher Total Yield (Value for STRL: 2.0%)

SECTOR: Industrials

Higher Rev Chg 3Y Avg | Lower P/S (Values for STRL: 12.1% | 5.8x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for STRL: 12.1% | 35.1x)

Higher Rev Chg LTM (Value for STRL: 17.7%)

Higher Rev Chg 3Y Avg (Value for STRL: 12.1%)

Higher Op Mgn LTM (Value for STRL: 16.6%)

Higher CFO/Rev LTM (Value for STRL: 17.7%)

Higher FCF/Rev LTM (Value for STRL: 14.6%)

Higher Total Yield (Value for STRL: 2.0%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for STRL: 12.1% | 5.8x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for STRL: 12.1% | 35.1x)

Higher Rev Chg LTM (Value for STRL: 17.7%)

Higher Rev Chg 3Y Avg (Value for STRL: 12.1%)

Higher Op Mgn LTM (Value for STRL: 16.6%)

Higher CFO/Rev LTM (Value for STRL: 17.7%)

Higher FCF/Rev LTM (Value for STRL: 14.6%)

Higher Total Yield (Value for STRL: 2.0%)

Best Bets in Industrials

P/EBIT (Value for STRL: 33.9x)

P/E (Value for STRL: 50.0x)

Rev Chg 3Y Avg (Value for STRL: 12.1%)

Rev Chg LTM (Value for STRL: 17.7%)

Rev Chg Q (Value for STRL: 51.5%)

FCF/Rev 3Y Avg (Value for STRL: 18.4%)

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Market Price (4/22/2026): $478.0 | Market Cap: $14.7 Bil
Sector: Industrials | Industry: Construction & Engineering

Market Price (4/22/2026): $478.0
Market Cap: $14.7 Bil
Sector: Industrials
Industry: Construction & Engineering