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STERLING INFRASTRUCTURE, INC. STRL

Nasdaq · stock · Heavy Construction Other Than Bldg Const - Contractors · website · IPO 1991-07-12

STERLING INFRASTRUCTURE, INC. statistics & valuation

Market cap$24.7B
P / E85.1×
P / S9.9×
P / B22.3×
P / FCF68.1×
Net margin11.7%
Return on equity26.2%
FCF margin14.6%
Net cash$114.8M
Net debt / EBITDA-0.2×
Enterprise value USD$24.6B
EV / EBITDA50.9×
Earnings yield EBIT/EV1.7%
Return on capital25.2%
Graham number -84.2%$86.95

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($86.95); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-1.30% 1.20% 3.40% 4.40% 6.00% 7.00% 12.20% 11.70% 2016201720182019202020212022202320242025
Gross margin (%)
6.10% 9.30% 10.60% 9.60% 14.60% 14.40% 15.50% 17.10% 20.10% 23.00% 2016201720182019202020212022202320242025
Operating margin (%)
-0.70% 2.70% 4.10% 3.40% 7.50% 7.60% 9.00% 10.40% 12.50% 16.30% 2016201720182019202020212022202320242025
Return on equity (%)
-8.50% 7.90% 15.70% 17.40% 22.30% 22.20% 31.20% 26.20% 2016201720182019202020212022202320242025
Shares outstanding
23.1M 27.1M 27.2M 27.8M 28.2M 29.8M 30.6M 31.2M 31.1M 30.9M 2016201720182019202020212022202320242025
Net debt ($)
-$37.4M $15.0M -$5.3M $344.9M $243.6M $367.6M $217.2M -$156.6M -$374.3M -$114.8M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-3.10% 2.50% 4.40% 5.10% 7.40% 7.80% 12.80% 11.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
4.90% 1.60% 2.50% 2.40% 7.30% 7.90% 8.90% 21.00% 19.70% 14.60% 2016201720182019202020212022202320242025
Debt / equity (×)
0.05× 0.68× 0.52× 1.77× 1.08× 1.19× 0.83× 0.50× 0.35× 0.25× 2016201720182019202020212022202320242025
EPS ($)
-$0.40 $0.43 $0.93 $1.47 $1.50 $2.15 $3.48 $4.44 $8.27 $9.38 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

STERLING INFRASTRUCTURE, INC. trades at about 58.5× earnings — above its 10-year norm (10-year range 9×–38.2×, median 14.2×).

9× 58.5×

Shaded band = 10-year range (9×–38.2×); dot = today's 58.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin23.0%20.1%17.1%15.5%14.4%14.6%9.6%10.6%9.3%6.1%
Operating margin16.3%12.5%10.4%9.0%7.6%7.5%3.4%4.1%2.7%-0.7%
Net margin11.7%12.2%7.0%6.0%4.4%3.4%——1.2%-1.3%
FCF margin14.6%19.7%21.0%8.9%7.9%7.3%2.4%2.5%1.6%4.9%
Return on assets11.0%12.8%7.8%7.4%5.1%4.4%——2.5%-3.1%
Return on equity26.2%31.2%22.2%22.3%17.4%15.7%——7.9%-8.5%
Debt / equity0.25×0.35×0.50×0.83×1.19×1.08×1.77×0.52×0.68×0.05×
Current ratio1.011.381.251.341.241.121.241.691.531.20

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.