Sterling Infrastructure (STRL) Financials

$142.27 +7.04 (+5.21%)

As of 10:30 AM Eastern

Annual Income Statements for Sterling Infrastructure

This table shows Sterling Infrastructure's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-39	-9.24	12	25	40	42	63	106	139	257
Consolidated Net Income / (Loss)	-36	-7.41	16	30	41	44	63	106	143	271
Net Income / (Loss) Continuing Operations	-17	-7.41	16	30	41	44	64	98	139	257
Total Pre-Tax Income	-17	-7.32	16	31	14	63	89	140	191	358
Total Operating Income	-14	-4.73	26	43	38	93	107	160	206	265
Total Gross Profit	28	42	89	110	108	180	204	275	338	426
Total Revenue	624	690	958	1,038	1,126	1,227	1,414	1,769	1,972	2,116
Operating Revenue	624	690	958	1,038	1,126	1,227	1,414	1,769	1,972	2,116
Total Cost of Revenue	596	648	869	927	1,018	1,047	1,211	1,495	1,635	1,690
Operating Cost of Revenue	596	648	869	927	1,018	1,047	1,211	1,495	1,635	1,690
Total Operating Expenses	42	47	63	68	70	87	97	115	132	162
Selling, General & Admin Expense	40	37	47	48	49	64	69	86	99	118
Amortization Expense	-	-	1.80	2.40	4.70	11	11	14	15	17
Other Operating Expenses / (Income)	1.57	9.94	15	17	12	10	12	13	17	26
Restructuring Charge	-	-	0.00	0.00	4.31	1.03	3.88	0.83	0.87	0.42
Total Other Income / (Expense), net	-2.79	-2.57	-10	-11	-23	-29	-18	-20	-15	94
Interest Expense	3.25	2.60	11	12	24	29	18	21	29	25
Interest & Investment Income	0.46	0.03	0.31	1.02	1.14	0.15	0.05	0.89	14	119
Income Tax Expense	0.01	0.09	0.12	1.74	-26	19	25	42	48	87
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	1.19	9.74	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	3.22	1.83	4.20	4.35	0.79	-	-	-	4.19	13
Basic Earnings per Share	($2.02)	($0.40)	$0.44	$0.94	$1.50	$1.52	$2.19	$3.53	$4.51	$8.35
Weighted Average Basic Shares Outstanding	19.38M	23.14M	26.27M	26.90M	26.67M	27.86M	28.60M	30.20M	30.76M	30.83M
Diluted Earnings per Share	($2.02)	($0.40)	$0.43	$0.93	$1.47	$1.50	$2.15	$3.48	$4.44	$8.27
Weighted Average Diluted Shares Outstanding	19.38M	23.14M	26.71M	27.19M	27.12M	28.20M	29.10M	30.56M	31.21M	31.15M
Weighted Average Basic & Diluted Shares Outstanding	19.38M	23.10M	26.40M	26.80M	27.79M	28.21M	29.84M	30.59M	30.93M	30.60M

This table shows Sterling Infrastructure's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	30	32	20	39	39	40	31	52	61	113
Consolidated Net Income / (Loss)	30	32	20	40	40	42	34	55	65	117
Net Income / (Loss) Continuing Operations	62	-38	20	40	40	38	34	55	65	104
Total Pre-Tax Income	45	31	27	55	54	55	41	73	89	156
Total Operating Income	49	37	33	60	57	56	42	73	87	62
Total Gross Profit	79	69	62	92	92	92	77	113	130	107
Total Revenue	493	449	404	522	560	486	440	583	594	499
Operating Revenue	493	449	404	522	560	486	440	583	594	499
Total Cost of Revenue	414	380	342	430	468	394	363	470	464	392
Operating Cost of Revenue	414	380	342	430	468	394	363	470	464	392
Total Operating Expenses	30	32	29	32	35	36	35	40	42	44
Selling, General & Admin Expense	22	23	23	24	25	26	27	28	31	33
Amortization Expense	3.51	3.51	3.74	3.74	3.74	4.02	4.30	4.28	4.28	4.18
Other Operating Expenses / (Income)	4.15	5.05	1.87	4.18	5.65	5.34	3.15	7.77	7.28	7.42
Restructuring Charge	0.08	0.27	0.19	0.06	0.10	0.52	0.04	0.10	0.07	0.21
Total Other Income / (Expense), net	-4.97	-5.65	-5.55	-5.53	-3.11	-0.99	-0.76	-0.21	1.31	93
Interest Expense	5.14	6.33	7.53	7.73	7.26	6.80	6.66	6.51	6.29	5.79
Interest & Investment Income	0.17	0.68	1.97	2.20	4.15	5.81	5.90	6.31	7.59	99
Income Tax Expense	13	11	7.03	15	14	12	7.60	18	23	38
Net Income / (Loss) Attributable to Noncontrolling Interest	0.63	-	0.39	0.75	0.79	2.26	2.71	2.70	4.07	3.98
Basic Earnings per Share	$0.98	$1.05	$0.64	$1.28	$1.28	$1.31	$1.00	$1.68	$2.00	$3.67
Weighted Average Basic Shares Outstanding	30.28M	30.20M	30.62M	30.78M	30.80M	30.76M	30.98M	30.91M	30.74M	30.83M
Diluted Earnings per Share	$0.97	$1.01	$0.64	$1.27	$1.26	$1.27	$1.00	$1.67	$1.97	$3.63
Weighted Average Diluted Shares Outstanding	30.54M	30.56M	30.79M	31M	31.22M	31.21M	31.19M	31.15M	31.07M	31.15M
Weighted Average Basic & Diluted Shares Outstanding	30.33M	30.59M	30.79M	30.82M	30.84M	30.93M	30.86M	30.73M	30.71M	30.60M

This table details how cash moves in and out of Sterling Infrastructure's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-18	38	41	10	-47	22	16	97	286	193
Net Cash From Operating Activities	8.68	44	25	39	42	123	159	219	479	497
Net Cash From Continuing Operating Activities	8.68	44	25	39	42	123	159	219	479	497
Net Income / (Loss) Continuing Operations	-36	-7.41	16	30	41	43	65	108	143	271
Consolidated Net Income / (Loss)	-36	-7.41	16	30	41	43	65	108	143	271
Depreciation Expense	16	16	17	17	21	33	34	52	57	68
Amortization Expense	-	0.35	2.56	3.25	3.39	3.19	2.24	2.14	1.73	1.15
Non-Cash Adjustments To Reconcile Net Income	17	30	3.77	2.48	7.57	11	8.34	-9.03	9.34	-76
Changes in Operating Assets and Liabilities, net	12	5.86	-14	-13	-30	33	49	66	267	232
Net Cash From Investing Activities	-4.49	-8.17	-56	-11	-410	-30	-223	-90	-88	-186
Net Cash From Continuing Investing Activities	-4.49	-8.17	-56	-11	-410	-30	-223	-90	-88	-186
Purchase of Property, Plant & Equipment	-8.09	-11	-9.42	-13	-15	-33	-47	-61	-64	-81
Acquisitions	0.00	0.00	-55	0.00	-396	0.00	-181	-18	-51	-11
Sale of Property, Plant & Equipment	8.54	2.71	8.38	1.79	1.33	2.37	4.11	4.95	14	10
Divestitures	-	-	-	-	-	0.00	0.00	-16	14	0.00
Other Investing Activities, net	-4.95	-	-	-	-	-	-	0.00	0.00	-104
Net Cash From Financing Activities	-23	2.26	72	-18	321	-70	81	-33	-105	-119
Net Cash From Continuing Financing Activities	-23	2.26	72	-18	321	-70	81	-33	-105	-119
Repayment of Debt	-181	-16	-13	-12	-99	-68	-50	-23	-95	-27
Repurchase of Common Equity	-	0.00	0.00	-4.73	-3.20	-	-	0.00	0.00	-71
Payment of Dividends	-3.40	-1.08	0.00	-1.35	-7.36	-0.43	-2.48	0.00	-2.45	0.00
Issuance of Debt	162	0.00	85	0.00	430	0.00	140	0.00	2.56	0.00
Other Financing Activities, net	-	-	-	-	-	-1.99	-7.34	-9.42	-9.57	-21
Cash Interest Paid	2.89	2.63	9.80	11	12	27	17	19	27	23
Cash Income Taxes Paid	0.55	0.07	0.28	0.28	0.09	4.75	3.06	5.60	37	53

This table details how cash moves in and out of Sterling Infrastructure's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	73	31	20	72	131	62	8.85	60	108	16
Net Cash From Operating Activities	96	81	49	132	150	147	50	121	152	174
Net Cash From Continuing Operating Activities	96	81	49	132	150	147	50	121	152	174
Net Income / (Loss) Continuing Operations	30	32	20	40	40	42	34	55	65	117
Consolidated Net Income / (Loss)	30	32	20	40	40	42	34	55	65	117
Depreciation Expense	13	14	14	14	15	15	16	17	17	18
Amortization Expense	0.53	0.50	0.42	0.46	0.46	0.39	0.31	0.29	0.28	0.27
Non-Cash Adjustments To Reconcile Net Income	1.70	-13	1.57	2.80	2.50	2.46	4.00	2.42	4.06	-86
Changes in Operating Assets and Liabilities, net	51	47	13	75	92	87	-4.73	47	65	125
Net Cash From Investing Activities	-17	-42	6.51	-23	-9.30	-62	-21	-24	-17	-124
Net Cash From Continuing Investing Activities	-17	-42	6.51	-23	-9.30	-62	-21	-24	-17	-124
Purchase of Property, Plant & Equipment	-19	-13	-14	-25	-10	-15	-22	-29	-14	-16
Acquisitions	-	-15	0.00	-	-	-51	-1.02	-	-3.81	-6.40
Sale of Property, Plant & Equipment	2.09	1.90	6.73	1.80	1.08	4.20	2.40	4.54	0.89	2.32
Net Cash From Financing Activities	-5.98	-7.66	-35	-37	-9.53	-23	-20	-37	-27	-35
Net Cash From Continuing Financing Activities	-5.98	-7.66	-35	-37	-9.53	-23	-20	-37	-27	-35
Repayment of Debt	-5.84	-5.76	-31	-37	-9.28	-18	-6.68	-6.67	-6.61	-6.61
Repurchase of Common Equity	-	-	-	-	-	-	-	-	-20	-20
Other Financing Activities, net	-0.14	-1.90	-4.29	-0.04	-0.25	-4.99	-13	-0.25	-0.14	-8.04

This table presents Sterling Infrastructure's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	266	302	463	483	935	953	1,235	1,442	1,777	2,017
Total Current Assets	135	176	279	303	330	362	435	597	848	1,022
Cash & Equivalents	4.43	43	84	94	46	66	61	182	472	664
Note & Lease Receivable	82	84	134	145	169	177	200	263	252	279
Other Current Assets	19	13	56	63	116	118	102	153	124	79
Plant, Property, & Equipment, net	73	68	54	52	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	58	58	130	128	604	591	800	844	929	995
Long-Term Investments	-	-	-	-	-	-	-	-	0.00	107
Goodwill	55	55	85	85	192	192	258	263	281	265
Intangible Assets	-	0.00	45	42	256	245	303	299	328	316
Other Noncurrent Operating Assets	2.95	2.97	0.32	0.31	130	154	218	283	320	307
Total Liabilities & Shareholders' Equity	266	302	463	483	935	953	1,235	1,442	1,777	2,017
Total Liabilities	170	194	317	310	713	684	875	964	1,153	1,190
Total Current Liabilities	104	147	182	179	266	322	352	447	678	742
Short-Term Debt	4.86	3.85	3.98	2.90	42	77	23	33	27	26
Accounts Payable	59	67	97	99	138	95	113	122	146	130
Current Deferred Revenue	31	64	62	62	58	114	119	239	444	509
Current Employee Benefit Liabilities	5.98	5.32	9.05	9.45	14	18	20	24	28	37
Other Current Liabilities	-	-	-	4.68	13	17	25	29	34	39
Total Noncurrent Liabilities	66	47	135	131	447	362	523	517	475	448
Long-Term Debt	16	1.91	87	79	391	291	429	399	315	290
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	0.00	1.45	-	0.00	18	52	77	109
Other Noncurrent Operating Liabilities	50	45	47	51	57	71	37	67	83	49
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	96	108	146	172	221	269	360	478	624	826
Total Preferred & Common Equity	96	107	141	164	220	267	359	475	619	808
Total Common Equity	96	107	141	164	220	267	359	475	619	808
Common Stock	188	209	231	234	251	257	281	288	294	289
Retained Earnings	-93	-102	-90	-65	-25	17	80	186	325	582
Treasury Stock	-	-	0.00	-4.73	-6.14	-1.45	-	-	0.00	-63
Noncontrolling Interest	-0.09	0.66	4.86	7.86	1.29	1.46	1.46	3.20	4.94	18

This table presents Sterling Infrastructure's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,503	1,431	1,567	1,724	1,817	1,965	2,024
Total Current Assets	670	588	716	876	879	1,017	1,084
Cash & Equivalents	146	203	278	409	480	540	648
Note & Lease Receivable	330	230	296	326	274	375	330
Other Current Assets	194	155	141	140	124	102	106
Plant, Property, & Equipment, net	0.00	215	0.00	231	259	0.00	271
Total Noncurrent Assets	834	628	852	617	680	948	669
Goodwill	253	263	263	263	281	281	281
Intangible Assets	294	295	292	288	324	320	316
Other Noncurrent Operating Assets	287	70	297	66	74	347	73
Total Liabilities & Shareholders' Equity	1,503	1,431	1,567	1,724	1,817	1,965	2,024
Total Liabilities	1,063	933	1,025	1,138	1,165	1,284	1,293
Total Current Liabilities	512	445	568	686	706	821	839
Short-Term Debt	30	35	35	35	26	26	26
Accounts Payable	193	119	141	150	135	164	160
Current Employee Benefit Liabilities	37	17	25	36	20	30	43
Other Current Liabilities	28	273	31	465	524	45	609
Total Noncurrent Liabilities	551	488	458	452	460	463	454
Long-Term Debt	407	366	329	322	309	302	296
Noncurrent Deferred & Payable Income Tax Liabilities	40	54	58	62	78	80	83
Other Noncurrent Operating Liabilities	104	68	70	69	73	80	75
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	440	498	542	585	652	681	731
Total Preferred & Common Equity	437	495	538	580	645	671	717
Total Common Equity	437	495	538	580	645	671	717
Common Stock	282	289	292	295	288	292	296
Retained Earnings	155	206	246	285	356	408	469
Treasury Stock	-	-	-	-	-	-29	-49
Noncontrolling Interest	2.78	3.59	4.34	5.13	7.65	10	14

This table displays calculated financial ratios and metrics derived from Sterling Infrastructure's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.23%	10.67%	38.81%	8.32%	8.54%	8.92%	15.30%	25.10%	11.46%	7.28%
EBITDA Growth	-86.91%	512.17%	304.04%	36.95%	-1.19%	107.80%	11.56%	49.23%	23.76%	26.14%
EBIT Growth	-240.60%	67.13%	653.52%	62.79%	-11.41%	145.33%	15.54%	49.40%	28.73%	28.59%
NOPAT Growth	-240.60%	67.13%	884.89%	54.89%	163.66%	-39.55%	20.11%	45.77%	37.33%	29.75%
Net Income Growth	-588.23%	79.39%	313.40%	86.76%	37.76%	7.44%	43.28%	69.94%	34.18%	89.66%
EPS Growth	-274.07%	80.20%	207.50%	116.28%	58.06%	2.04%	43.33%	61.86%	27.59%	86.26%
Operating Cash Flow Growth	13,871.43%	410.30%	-44.06%	59.38%	6.57%	192.14%	29.32%	37.87%	118.42%	3.87%
Free Cash Flow Firm Growth	289.79%	6.68%	-250.96%	159.53%	-1,116.42%	129.65%	-199.33%	232.70%	190.04%	-16.83%
Invested Capital Growth	-28.78%	-36.47%	116.17%	4.28%	279.93%	-6.14%	31.14%	-2.87%	-32.13%	-24.83%
Revenue Q/Q Growth	-0.18%	2.35%	9.81%	0.12%	8.83%	-14.02%	6.59%	13.81%	1.93%	0.61%
EBITDA Q/Q Growth	106.60%	-72.71%	49.29%	10.78%	8.24%	6.88%	0.96%	11.57%	8.16%	2.88%
EBIT Q/Q Growth	28.37%	-817.60%	88.44%	6.08%	0.86%	10.64%	0.82%	12.32%	10.01%	2.52%
NOPAT Q/Q Growth	28.37%	-817.60%	103.01%	4.59%	206.00%	-40.54%	2.55%	10.75%	13.88%	1.75%
Net Income Q/Q Growth	-61.52%	65.15%	176.09%	8.19%	64.19%	-26.32%	3.57%	27.54%	7.89%	38.11%
EPS Q/Q Growth	-41.26%	66.10%	437.50%	9.41%	68.97%	-28.91%	8.59%	22.54%	6.22%	39.93%
Operating Cash Flow Q/Q Growth	-82.18%	242.41%	72.57%	-12.72%	93.81%	-2.34%	-4.48%	35.79%	16.12%	5.72%
Free Cash Flow Firm Q/Q Growth	374.13%	-40.98%	18.54%	-21.46%	-2,379.15%	134.98%	-178.76%	230.83%	16.58%	-0.41%
Invested Capital Q/Q Growth	-23.91%	-15.35%	-7.57%	-1.00%	235.39%	-1.42%	42.26%	-0.36%	-7.32%	-8.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	4.43%	6.09%	9.30%	10.63%	9.57%	14.64%	14.39%	15.52%	17.12%	20.14%
EBITDA Margin	0.30%	1.64%	4.77%	6.04%	5.49%	10.48%	10.14%	12.10%	13.43%	15.79%
Operating Margin	-2.31%	-0.69%	2.73%	4.11%	3.35%	7.55%	7.57%	9.04%	10.43%	12.51%
EBIT Margin	-2.31%	-0.69%	2.73%	4.11%	3.35%	7.55%	7.57%	9.04%	10.43%	12.51%
Profit (Net Income) Margin	-5.77%	-1.07%	1.65%	2.85%	3.61%	3.56%	4.43%	6.02%	7.24%	12.80%
Tax Burden Percent	209.33%	101.20%	99.26%	94.44%	281.06%	69.25%	70.54%	75.95%	74.94%	75.62%
Interest Burden Percent	119.41%	154.87%	60.88%	73.40%	38.35%	68.17%	82.99%	87.67%	92.62%	135.39%
Effective Tax Rate	0.00%	0.00%	0.74%	5.56%	-181.06%	30.75%	28.01%	29.76%	25.06%	24.38%
Return on Invested Capital (ROIC)	-7.49%	-3.62%	23.13%	25.65%	27.60%	10.87%	11.67%	15.21%	25.25%	46.27%
ROIC Less NNEP Spread (ROIC-NNEP)	-169.36%	35.56%	91.80%	485.61%	-7.25%	4.95%	7.51%	13.38%	6.25%	22.07%
Return on Net Nonoperating Assets (RNNOA)	-22.87%	-3.65%	-10.69%	-7.10%	-6.92%	6.97%	8.25%	10.20%	0.68%	-8.91%
Return on Equity (ROE)	-30.36%	-7.27%	12.44%	18.55%	20.69%	17.85%	19.92%	25.41%	25.93%	37.36%
Cash Return on Invested Capital (CROIC)	26.13%	40.98%	-50.36%	21.46%	-89.05%	17.20%	-15.27%	18.12%	63.54%	74.61%
Operating Return on Assets (OROA)	-5.03%	-1.67%	6.84%	9.01%	5.33%	9.81%	9.78%	11.95%	12.79%	13.95%
Return on Assets (ROA)	-12.56%	-2.61%	4.13%	6.25%	5.74%	4.63%	5.73%	7.96%	8.88%	14.28%
Return on Common Equity (ROCE)	-29.41%	-7.25%	12.17%	17.81%	20.20%	17.75%	19.83%	25.27%	25.74%	36.76%
Return on Equity Simple (ROE_SIMPLE)	-37.52%	-6.90%	11.19%	17.97%	18.50%	16.36%	17.46%	22.43%	23.08%	33.53%
Net Operating Profit after Tax (NOPAT)	-10	-3.31	26	40	106	64	77	112	154	200
NOPAT Margin	-1.62%	-0.48%	2.71%	3.88%	9.42%	5.23%	5.45%	6.35%	7.82%	9.46%
Net Nonoperating Expense Percent (NNEP)	161.87%	-39.18%	-68.67%	-459.96%	34.86%	5.92%	4.16%	1.83%	19.00%	24.20%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	12.35%	15.98%	17.51%
Cost of Revenue to Revenue	95.57%	93.91%	90.70%	89.37%	90.43%	85.36%	85.61%	84.48%	82.88%	79.86%
SG&A Expenses to Revenue	6.49%	5.34%	4.86%	4.65%	4.37%	5.24%	4.89%	4.89%	5.00%	5.60%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.74%	6.78%	6.57%	6.53%	6.22%	7.09%	6.82%	6.48%	6.69%	7.63%
Earnings before Interest and Taxes (EBIT)	-14	-4.73	26	43	38	93	107	160	206	265
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.85	11	46	63	62	129	143	214	265	334
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.24	1.97	3.12	1.79	1.77	1.96	2.11	2.10	4.38	6.40
Price to Tangible Book Value (P/TBV)	2.90	4.02	38.92	8.02	0.00	0.00	0.00	0.00	288.50	22.78
Price to Revenue (P/Rev)	0.19	0.31	0.46	0.28	0.35	0.43	0.54	0.56	1.37	2.45
Price to Earnings (P/E)	0.00	0.00	37.91	11.70	9.78	12.36	12.09	9.34	19.56	20.09
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	2.64%	8.54%	10.22%	8.09%	8.27%	10.70%	5.11%	4.98%
Enterprise Value to Invested Capital (EV/IC)	1.21	2.46	2.95	1.81	1.28	1.45	1.53	1.72	5.24	12.76
Enterprise Value to Revenue (EV/Rev)	0.22	0.25	0.47	0.28	0.69	0.67	0.81	0.71	1.31	2.24
Enterprise Value to EBITDA (EV/EBITDA)	73.06	15.47	9.90	4.64	12.59	6.43	8.01	5.83	9.76	14.17
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	17.29	6.82	20.63	8.93	10.74	7.81	12.57	17.90
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	17.42	7.22	7.34	12.89	14.92	11.11	16.77	23.67
Enterprise Value to Operating Cash Flow (EV/OCF)	15.57	3.96	18.28	7.36	18.52	6.73	7.23	5.69	5.40	9.53
Enterprise Value to Free Cash Flow (EV/FCFF)	3.85	4.67	0.00	8.63	0.00	8.15	0.00	9.33	6.67	14.68
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.21	0.05	0.63	0.48	1.96	1.37	1.25	0.90	0.55	0.38
Long-Term Debt to Equity	0.16	0.02	0.60	0.46	1.77	1.08	1.19	0.83	0.50	0.35
Financial Leverage	0.14	-0.10	-0.12	-0.01	0.95	1.41	1.10	0.76	0.11	-0.40
Leverage Ratio	2.42	2.79	3.01	2.97	3.60	3.85	3.48	3.19	2.92	2.62
Compound Leverage Factor	2.89	4.32	1.83	2.18	1.38	2.63	2.89	2.80	2.71	3.54
Debt to Total Capital	17.65%	5.06%	38.47%	32.25%	66.19%	57.84%	55.64%	47.45%	35.38%	27.68%
Short-Term Debt to Total Capital	4.18%	3.38%	1.67%	1.14%	6.49%	12.15%	2.88%	3.59%	2.75%	2.31%
Long-Term Debt to Total Capital	13.47%	1.68%	36.80%	31.11%	59.70%	45.69%	52.76%	43.86%	32.63%	25.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.08%	0.58%	2.04%	3.09%	0.20%	0.23%	0.18%	0.35%	0.51%	1.61%
Common Equity to Total Capital	82.43%	94.37%	59.48%	64.65%	33.61%	41.93%	44.18%	52.20%	64.11%	70.71%
Debt to EBITDA	11.10	0.51	2.00	1.31	7.00	2.87	3.15	2.02	1.29	0.95
Net Debt to EBITDA	8.70	-3.27	0.16	-0.19	6.26	2.35	2.73	1.17	-0.49	-1.36
Long-Term Debt to EBITDA	8.47	0.17	1.91	1.26	6.31	2.26	2.99	1.86	1.19	0.87
Debt to NOPAT	-2.04	-1.74	3.52	2.04	4.08	5.75	5.87	3.84	2.21	1.58
Net Debt to NOPAT	-1.60	11.19	0.29	-0.30	3.65	4.72	5.07	2.22	-0.84	-2.28
Long-Term Debt to NOPAT	-1.56	-0.58	3.37	1.97	3.68	4.54	5.56	3.55	2.04	1.45
Altman Z-Score	2.24	2.53	3.06	3.13	1.71	2.14	2.12	2.52	3.27	4.66
Noncontrolling Interest Sharing Ratio	3.11%	0.28%	2.17%	3.99%	2.33%	0.56%	0.46%	0.56%	0.74%	1.61%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.29	1.20	1.53	1.69	1.24	1.12	1.24	1.34	1.25	1.38
Quick Ratio	1.09	1.09	1.20	1.33	0.81	0.76	0.74	0.99	1.07	1.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	35	37	-57	34	-342	101	-101	134	388	323
Operating Cash Flow to CapEx	0.00%	541.64%	2,390.64%	346.81%	299.13%	403.06%	373.62%	391.54%	946.29%	702.15%
Free Cash Flow to Firm to Interest Expense	10.80	14.41	-5.36	2.73	-14.02	3.46	-5.53	6.50	13.23	12.78
Operating Cash Flow to Interest Expense	2.67	17.03	2.35	3.20	1.72	4.19	8.71	10.64	16.32	19.68
Operating Cash Flow Less CapEx to Interest Expense	2.81	13.88	2.25	2.27	1.15	3.15	6.38	7.92	14.60	16.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.18	2.43	2.50	2.19	1.59	1.30	1.29	1.32	1.23	1.12
Accounts Receivable Turnover	20.68	23.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	119.96	207.61	208.64	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	7.77	9.75	15.64	19.50	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	9.48	10.28	10.56	9.42	8.59	9.00	11.65	12.74	12.21	12.23
Days Sales Outstanding (DSO)	17.65	15.76	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	3.04	1.76	1.75	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	38.51	35.50	34.56	38.75	42.47	40.57	31.34	28.65	29.91	29.85
Cash Conversion Cycle (CCC)	-17.82	-17.98	-32.81	-38.75	-42.47	-40.57	-31.34	-28.65	-29.91	-29.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	112	71	154	160	609	571	749	728	494	371
Invested Capital Turnover	4.64	7.55	8.53	6.61	2.93	2.08	2.14	2.40	3.23	4.89
Increase / (Decrease) in Invested Capital	-45	-41	83	6.57	448	-37	178	-21	-234	-123
Enterprise Value (EV)	135	175	453	291	779	827	1,150	1,248	2,586	4,737
Market Capitalization	119	212	440	295	390	523	757	995	2,712	5,174
Book Value per Share	$4.89	$4.30	$5.22	$6.07	$7.93	$9.51	$12.46	$15.65	$20.07	$26.31
Tangible Book Value per Share	$2.09	$2.10	$0.42	$1.36	($8.24)	($6.04)	($7.04)	($2.88)	$0.30	$7.39
Total Capital	116	114	238	254	654	637	812	909	965	1,143
Total Debt	21	5.76	91	82	433	369	452	431	342	316
Total Long-Term Debt	16	1.91	87	79	391	291	429	399	315	290
Net Debt	16	-37	7.46	-12	387	302	391	250	-130	-455
Capital Expenditures (CapEx)	-0.46	8.17	1.04	11	14	30	43	56	51	71
Debt-free, Cash-free Net Working Capital (DFCFNWC)	31	-9.62	16	32	61	51	45	1.71	-275	-358
Debt-free Net Working Capital (DFNWC)	35	33	100	126	106	117	106	183	196	306
Net Working Capital (NWC)	31	29	96	123	64	40	83	151	170	280
Net Nonoperating Expense (NNE)	26	4.10	10	11	65	20	14	5.84	11	-71
Net Nonoperating Obligations (NNO)	16	-37	7.43	-12	387	302	389	250	-130	-455
Total Depreciation and Amortization (D&A)	16	16	20	20	24	36	36	54	59	70
Debt-free, Cash-free Net Working Capital to Revenue	4.98%	-1.39%	1.70%	3.11%	5.39%	4.15%	3.21%	0.10%	-13.96%	-16.91%
Debt-free Net Working Capital to Revenue	5.69%	4.81%	10.46%	12.18%	9.46%	9.55%	7.52%	10.36%	9.95%	14.48%
Net Working Capital to Revenue	4.91%	4.25%	10.05%	11.90%	5.68%	3.23%	5.86%	8.51%	8.61%	13.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.02)	($0.40)	$0.44	$0.94	$1.50	$1.52	$0.00	$3.53	$4.51	$8.35
Adjusted Weighted Average Basic Shares Outstanding	19.77M	25.05M	26.27M	26.90M	26.67M	27.86M	0.00	30.20M	30.76M	30.83M
Adjusted Diluted Earnings per Share	($2.02)	($0.40)	$0.43	$0.93	$1.47	$1.50	$0.00	$3.48	$4.44	$8.27
Adjusted Weighted Average Diluted Shares Outstanding	19.77M	25.05M	26.71M	27.19M	27.12M	28.20M	0.00	30.56M	31.21M	31.15M
Adjusted Basic & Diluted Earnings per Share	($2.02)	($0.40)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.38M	23.14M	27.03M	26.64M	27.79M	28.21M	0.00	30.59M	30.93M	30.60M
Normalized Net Operating Profit after Tax (NOPAT)	-10	-3.31	26	40	29	65	80	113	155	200
Normalized NOPAT Margin	-1.62%	-0.48%	2.71%	3.88%	2.61%	5.29%	5.64%	6.38%	7.85%	9.47%
Pre Tax Income Margin	-2.75%	-1.06%	1.66%	3.01%	1.29%	5.15%	6.28%	7.92%	9.67%	16.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-4.42	-1.82	2.48	3.45	1.55	3.16	5.86	7.76	7.02	10.48
NOPAT to Interest Expense	-3.10	-1.27	2.46	3.26	4.35	2.19	4.22	5.45	5.26	7.92
EBIT Less CapEx to Interest Expense	-4.28	-4.96	2.38	2.53	0.97	2.12	3.53	5.05	5.29	7.67
NOPAT Less CapEx to Interest Expense	-2.96	-4.42	2.36	2.34	3.77	1.15	1.89	2.74	3.54	5.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-9.46%	-14.56%	0.00%	4.57%	18.09%	0.99%	3.95%	0.00%	1.72%	0.00%
Augmented Payout Ratio	-9.46%	-14.56%	0.00%	20.59%	25.95%	0.99%	3.95%	0.00%	1.72%	26.06%

This table displays calculated financial ratios and metrics derived from Sterling Infrastructure's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.39%	91.76%	10.28%	13.10%	13.65%	8.33%	9.11%	11.58%	5.96%	2.65%
EBITDA Growth	53.45%	76.94%	12.13%	28.39%	14.73%	39.12%	25.56%	20.42%	45.11%	13.19%
EBIT Growth	54.46%	89.92%	11.12%	37.00%	15.49%	50.55%	29.11%	20.69%	53.13%	11.66%
NOPAT Growth	45.41%	80.77%	13.32%	39.57%	21.87%	77.28%	42.36%	23.56%	51.79%	8.56%
Net Income Growth	38.61%	255.31%	11.69%	52.55%	33.10%	32.66%	68.46%	35.66%	62.92%	176.16%
EPS Growth	34.72%	172.97%	0.00%	47.67%	29.90%	25.74%	56.25%	31.50%	56.35%	185.83%
Operating Cash Flow Growth	117.39%	249.06%	84.65%	757.13%	56.05%	82.05%	1.09%	-8.39%	1.44%	18.25%
Free Cash Flow Firm Growth	-319.71%	127.90%	142.78%	190.50%	242.07%	504.11%	207.21%	10.40%	-20.03%	-38.81%
Invested Capital Growth	38.68%	-2.87%	-6.53%	-19.13%	-27.03%	-32.13%	-27.19%	-25.19%	-23.91%	-24.83%
Revenue Q/Q Growth	6.76%	-9.01%	-10.04%	29.42%	7.28%	-13.27%	-9.39%	32.35%	1.87%	-15.98%
EBITDA Q/Q Growth	8.54%	-19.14%	-8.46%	59.81%	-3.01%	-1.95%	-17.38%	53.27%	16.88%	-23.52%
EBIT Q/Q Growth	12.47%	-25.13%	-11.92%	84.70%	-5.19%	-2.40%	-24.46%	72.66%	20.29%	-28.83%
NOPAT Q/Q Growth	9.76%	-30.03%	-0.90%	83.40%	-4.17%	1.78%	-20.42%	59.19%	17.73%	-27.21%
Net Income Q/Q Growth	14.35%	6.07%	-37.35%	100.75%	-0.23%	5.72%	-20.45%	61.66%	19.82%	79.21%
EPS Q/Q Growth	12.79%	4.12%	-36.63%	98.44%	-0.79%	0.79%	-21.26%	67.00%	17.96%	84.26%
Operating Cash Flow Q/Q Growth	524.39%	-15.85%	-39.40%	169.17%	13.68%	-1.82%	-66.35%	143.94%	25.88%	14.44%
Free Cash Flow Firm Q/Q Growth	20.80%	127.16%	58.79%	164.93%	24.34%	15.49%	-19.25%	-4.79%	-9.93%	-11.63%
Invested Capital Q/Q Growth	-5.99%	-0.36%	-4.30%	-9.79%	-15.18%	-7.32%	2.67%	-7.31%	-13.72%	-8.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.11%	15.37%	15.30%	17.67%	16.39%	18.88%	17.46%	19.34%	21.86%	21.39%
EBITDA Margin	12.81%	11.38%	11.58%	14.30%	12.93%	14.62%	13.33%	15.43%	17.71%	16.12%
Operating Margin	10.03%	8.26%	8.08%	11.54%	10.20%	11.48%	9.57%	12.48%	14.74%	12.48%
EBIT Margin	10.03%	8.26%	8.08%	11.54%	10.20%	11.48%	9.57%	12.48%	14.74%	12.48%
Profit (Net Income) Margin	6.12%	7.13%	4.97%	7.70%	7.16%	8.73%	7.67%	9.36%	11.01%	23.49%
Tax Burden Percent	67.76%	101.88%	74.02%	73.50%	74.29%	77.47%	81.62%	75.25%	73.64%	75.32%
Interest Burden Percent	89.95%	84.76%	82.98%	90.83%	94.56%	98.22%	98.19%	99.71%	101.49%	249.86%
Effective Tax Rate	29.60%	34.21%	25.98%	26.50%	25.71%	22.53%	18.38%	24.75%	26.36%	24.68%
Return on Invested Capital (ROIC)	17.48%	13.02%	15.01%	22.55%	23.21%	28.71%	26.07%	35.40%	48.65%	46.00%
ROIC Less NNEP Spread (ROIC-NNEP)	15.59%	15.40%	13.55%	20.76%	21.27%	27.43%	23.72%	35.65%	48.14%	21.98%
Return on Net Nonoperating Assets (RNNOA)	10.09%	11.74%	8.75%	9.96%	4.93%	2.98%	1.09%	-3.64%	-13.83%	-8.87%
Return on Equity (ROE)	27.57%	24.76%	23.75%	32.51%	28.14%	31.69%	27.16%	31.76%	34.82%	37.13%
Cash Return on Invested Capital (CROIC)	-16.27%	18.12%	22.72%	39.34%	52.70%	63.54%	58.81%	60.66%	69.08%	74.61%
Operating Return on Assets (OROA)	12.15%	10.92%	10.93%	14.75%	12.23%	14.06%	11.83%	14.62%	16.54%	13.92%
Return on Assets (ROA)	7.41%	9.43%	6.71%	9.85%	8.59%	10.70%	9.48%	10.97%	12.36%	26.20%
Return on Common Equity (ROCE)	27.42%	24.62%	23.61%	32.29%	27.92%	31.46%	26.89%	31.38%	34.30%	36.53%
Return on Equity Simple (ROE_SIMPLE)	19.10%	0.00%	21.95%	22.77%	22.81%	0.00%	24.29%	25.48%	27.38%	0.00%
Net Operating Profit after Tax (NOPAT)	35	24	24	44	42	43	34	55	64	47
NOPAT Margin	7.06%	5.43%	5.98%	8.48%	7.58%	8.89%	7.81%	9.39%	10.85%	9.40%
Net Nonoperating Expense Percent (NNEP)	1.89%	-2.39%	1.45%	1.78%	1.94%	1.28%	2.36%	-0.25%	0.51%	24.02%
Return On Investment Capital (ROIC_SIMPLE)	-	2.68%	-	-	-	4.48%	-	-	-	4.10%
Cost of Revenue to Revenue	83.89%	84.63%	84.70%	82.33%	83.61%	81.12%	82.54%	80.66%	78.14%	78.61%
SG&A Expenses to Revenue	4.51%	5.15%	5.78%	4.60%	4.50%	5.37%	6.20%	4.78%	5.17%	6.53%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.08%	7.12%	7.21%	6.13%	6.20%	7.41%	7.90%	6.86%	7.13%	8.90%
Earnings before Interest and Taxes (EBIT)	49	37	33	60	57	56	42	73	87	62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	63	51	47	75	72	71	59	90	105	80
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.49	2.10	2.34	3.20	3.90	4.38	5.28	5.45	6.22	6.40
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	76.14	288.50	86.99	52.56	37.26	22.78
Price to Revenue (P/Rev)	0.42	0.56	0.64	0.92	1.17	1.37	1.69	1.76	2.12	2.45
Price to Earnings (P/E)	7.60	9.34	10.84	14.27	17.39	19.56	22.67	22.48	24.17	20.09
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	13.16%	10.70%	9.22%	7.01%	5.75%	5.11%	4.41%	4.45%	4.14%	4.98%
Enterprise Value to Invested Capital (EV/IC)	1.29	1.72	1.95	2.88	4.16	5.24	6.44	7.35	10.23	12.76
Enterprise Value to Revenue (EV/Rev)	0.61	0.71	0.75	0.97	1.15	1.31	1.62	1.67	1.97	2.24
Enterprise Value to EBITDA (EV/EBITDA)	4.92	5.83	6.21	7.68	9.05	9.76	11.79	11.82	12.76	14.17
Enterprise Value to EBIT (EV/EBIT)	6.63	7.81	8.34	10.08	11.85	12.57	15.16	15.15	16.06	17.90
Enterprise Value to NOPAT (EV/NOPAT)	9.31	11.11	11.82	14.16	16.37	16.77	19.84	19.75	21.08	23.67
Enterprise Value to Operating Cash Flow (EV/OCF)	5.85	5.69	5.63	5.05	5.38	5.40	6.81	7.37	8.82	9.53
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	9.33	8.31	6.55	6.66	6.67	9.23	10.36	12.79	14.68
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.99	0.90	0.80	0.67	0.61	0.55	0.51	0.48	0.44	0.38
Long-Term Debt to Equity	0.93	0.83	0.73	0.61	0.55	0.50	0.47	0.44	0.41	0.35
Financial Leverage	0.65	0.76	0.65	0.48	0.23	0.11	0.05	-0.10	-0.29	-0.40
Leverage Ratio	3.37	3.19	3.05	3.08	3.15	2.92	2.82	2.89	2.85	2.62
Compound Leverage Factor	3.03	2.71	2.53	2.79	2.98	2.87	2.77	2.88	2.89	6.54
Debt to Total Capital	49.82%	47.45%	44.57%	40.20%	37.86%	35.38%	33.95%	32.57%	30.62%	27.68%
Short-Term Debt to Total Capital	3.39%	3.59%	3.90%	3.87%	3.73%	2.75%	2.68%	2.62%	2.51%	2.31%
Long-Term Debt to Total Capital	46.44%	43.86%	40.67%	36.33%	34.13%	32.63%	31.27%	29.95%	28.11%	25.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.32%	0.35%	0.40%	0.48%	0.54%	0.51%	0.77%	1.02%	1.37%	1.61%
Common Equity to Total Capital	49.86%	52.20%	55.03%	59.32%	61.59%	64.11%	65.28%	66.41%	68.01%	70.71%
Debt to EBITDA	2.28	2.02	1.83	1.55	1.46	1.29	1.21	1.13	0.99	0.95
Net Debt to EBITDA	1.51	1.17	0.90	0.37	-0.22	-0.49	-0.52	-0.72	-1.00	-1.36
Long-Term Debt to EBITDA	2.12	1.86	1.67	1.40	1.31	1.19	1.12	1.04	0.91	0.87
Debt to NOPAT	4.31	3.84	3.48	2.85	2.63	2.21	2.04	1.88	1.64	1.58
Net Debt to NOPAT	2.86	2.22	1.72	0.68	-0.39	-0.84	-0.88	-1.21	-1.66	-2.28
Long-Term Debt to NOPAT	4.01	3.55	3.18	2.58	2.37	2.04	1.88	1.73	1.51	1.45
Altman Z-Score	1.78	2.24	2.40	2.66	2.79	2.99	3.32	3.29	3.72	4.33
Noncontrolling Interest Sharing Ratio	0.55%	0.56%	0.61%	0.68%	0.77%	0.74%	0.98%	1.20%	1.48%	1.61%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.31	1.34	1.32	1.26	1.28	1.25	1.25	1.24	1.29	1.38
Quick Ratio	0.93	0.99	0.97	1.01	1.07	1.07	1.07	1.11	1.17	1.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-169	46	73	193	240	277	224	213	192	170
Operating Cash Flow to CapEx	572.75%	724.50%	654.54%	578.17%	1,613.54%	1,347.31%	247.57%	497.12%	1,161.51%	1,308.13%
Free Cash Flow to Firm to Interest Expense	-32.88	7.24	9.67	24.95	33.05	40.71	33.56	32.70	30.51	29.27
Operating Cash Flow to Interest Expense	18.73	12.79	6.52	17.08	20.68	21.66	7.44	18.57	24.22	30.09
Operating Cash Flow Less CapEx to Interest Expense	15.46	11.02	5.52	14.13	19.40	20.05	4.44	14.84	22.14	27.79
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.21	1.32	1.35	1.28	1.20	1.23	1.24	1.17	1.12	1.12
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	8.48	0.00	8.38	0.00
Accounts Payable Turnover	7.77	12.74	11.61	10.26	9.44	12.21	13.00	11.14	10.90	12.23
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	46.95	28.65	31.44	35.58	38.65	29.91	28.09	32.76	33.49	29.85
Cash Conversion Cycle (CCC)	-46.95	-28.65	-31.44	-35.58	-38.65	-29.91	-28.09	-32.76	-33.49	-29.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	730	728	696	628	533	494	507	470	405	371
Invested Capital Turnover	2.47	2.40	2.51	2.66	3.06	3.23	3.34	3.77	4.48	4.89
Increase / (Decrease) in Invested Capital	204	-21	-49	-149	-197	-234	-189	-158	-127	-123
Enterprise Value (EV)	944	1,248	1,360	1,809	2,217	2,586	3,264	3,452	4,146	4,737
Market Capitalization	651	995	1,159	1,718	2,265	2,712	3,402	3,652	4,457	5,174
Book Value per Share	$14.43	$15.65	$16.17	$17.46	$18.83	$20.07	$20.81	$21.73	$23.31	$26.31
Tangible Book Value per Share	($3.61)	($2.88)	($2.07)	($0.54)	$0.97	$0.30	$1.26	$2.25	$3.89	$7.39
Total Capital	877	909	899	906	942	965	987	1,010	1,054	1,143
Total Debt	437	431	401	364	357	342	335	329	323	316
Total Long-Term Debt	407	399	366	329	322	315	309	302	296	290
Net Debt	290	250	198	86	-53	-130	-145	-211	-326	-455
Capital Expenditures (CapEx)	17	11	7.50	23	9.30	11	20	24	13	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	40	1.71	-24	-95	-184	-275	-281	-318	-377	-358
Debt-free Net Working Capital (DFNWC)	187	183	178	183	225	196	200	222	271	306
Net Working Capital (NWC)	157	151	143	148	190	170	173	196	245	280
Net Nonoperating Expense (NNE)	4.67	-7.62	4.11	4.06	2.31	0.77	0.62	0.16	-0.96	-70
Net Nonoperating Obligations (NNO)	290	250	198	86	-53	-130	-145	-211	-326	-455
Total Depreciation and Amortization (D&A)	14	14	14	14	15	15	17	17	18	18
Debt-free, Cash-free Net Working Capital to Revenue	2.60%	0.10%	-1.34%	-5.09%	-9.52%	-13.96%	-13.98%	-15.35%	-17.93%	-16.91%
Debt-free Net Working Capital to Revenue	12.02%	10.36%	9.87%	9.80%	11.64%	9.95%	9.94%	10.74%	12.89%	14.48%
Net Working Capital to Revenue	10.11%	8.51%	7.93%	7.93%	9.83%	8.61%	8.62%	9.47%	11.63%	13.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.98	$1.05	$0.64	$1.28	$1.28	$1.31	$1.00	$1.68	$2.00	$3.67
Adjusted Weighted Average Basic Shares Outstanding	30.28M	30.20M	30.62M	30.78M	30.80M	30.76M	30.98M	30.91M	30.74M	30.83M
Adjusted Diluted Earnings per Share	$0.97	$1.01	$0.64	$1.27	$1.26	$1.27	$1.00	$1.67	$1.97	$3.63
Adjusted Weighted Average Diluted Shares Outstanding	30.54M	30.56M	30.79M	31M	31.22M	31.21M	31.19M	31.15M	31.07M	31.15M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	30.33M	30.59M	30.79M	30.82M	30.84M	30.93M	30.86M	30.73M	30.71M	30.60M
Normalized Net Operating Profit after Tax (NOPAT)	35	25	24	44	43	44	34	55	64	47
Normalized NOPAT Margin	7.08%	5.47%	6.02%	8.49%	7.59%	8.97%	7.81%	9.40%	10.86%	9.43%
Pre Tax Income Margin	9.03%	7.00%	6.71%	10.48%	9.64%	11.27%	9.39%	12.44%	14.96%	31.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.63	5.85	4.33	7.80	7.87	8.20	6.32	11.17	13.92	10.75
NOPAT to Interest Expense	6.78	3.85	3.21	5.73	5.85	6.35	5.16	8.40	10.25	8.10
EBIT Less CapEx to Interest Expense	6.36	4.09	3.34	4.84	6.59	6.59	3.32	7.43	11.83	8.45
NOPAT Less CapEx to Interest Expense	3.51	2.09	2.21	2.78	4.57	4.74	2.15	4.67	8.16	5.80
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	1.72%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	1.72%	0.00%	0.00%	0.00%	26.06%

Frequently Asked Questions About Sterling Infrastructure's Financials

When does Sterling Infrastructure's financial year end?

According to the most recent income statement we have on file, Sterling Infrastructure's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Sterling Infrastructure's net income changed over the last 9 years?

Sterling Infrastructure's net income appears to be on an upward trend, with a most recent value of $270.92 million in 2024, falling from -$35.96 million in 2015. The previous period was $142.85 million in 2023.

What is Sterling Infrastructure's operating income?

Sterling Infrastructure's total operating income in 2024 was $264.62 million, based on the following breakdown:

Total Gross Profit: $426.12 million
Total Operating Expenses: $161.50 million

How has Sterling Infrastructure revenue changed over the last 9 years?

Over the last 9 years, Sterling Infrastructure's total revenue changed from $623.60 million in 2015 to $2.12 billion in 2024, a change of 239.3%.

How much debt does Sterling Infrastructure have?

Sterling Infrastructure's total liabilities were at $1.19 billion at the end of 2024, a 3.2% increase from 2023, and a 598.5% increase since 2015.

How much cash does Sterling Infrastructure have?

In the past 9 years, Sterling Infrastructure's cash and equivalents has ranged from $4.43 million in 2015 to $664.20 million in 2024, and is currently $664.20 million as of their latest financial filing in 2024.

How has Sterling Infrastructure's book value per share changed over the last 9 years?

Over the last 9 years, Sterling Infrastructure's book value per share changed from 4.89 in 2015 to 26.31 in 2024, a change of 437.7%.

Remove Ads

Related Companies

This page (NASDAQ:STRL) was last updated on 4/15/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Sterling Infrastructure (STRL) Financials

Frequently Asked Questions About Sterling Infrastructure's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Sterling Infrastructure (STRL) Financials

Annual Income Statements for Sterling Infrastructure

Quarterly Income Statements for Sterling Infrastructure

Annual Cash Flow Statements for Sterling Infrastructure

Quarterly Cash Flow Statements for Sterling Infrastructure

Annual Balance Sheets for Sterling Infrastructure

Quarterly Balance Sheets for Sterling Infrastructure

Annual Metrics and Ratios for Sterling Infrastructure

Quarterly Metrics and Ratios for Sterling Infrastructure

Frequently Asked Questions About Sterling Infrastructure's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools