STERLING INFRASTRUCTURE, INC.
For the period ended Feb 25, 2026. Filed Feb 25, 2026.
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Feb 25, 2026 · Filed Feb 25, 2026
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STRL$252.82+3.5%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (In thousands, except per share data)
(In thousands, except per share data)
| Three Months Ended December 31, | Twelve Months Ended December 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | $755,613 | $498,833 | $2,490,049 | $2,115,756 |
| Cost of revenues | (591,495) | (392,156) | (1,917,735) | (1,689,633) |
| Gross profit | 164,118 | 106,677 | 572,314 | 426,123 |
| General and administrative expense | (48,611) | (32,598) | (154,814) | (118,424) |
| Intangible asset amortization | (7,114) | (4,180) | (22,188) | (17,037) |
| Acquisition related costs | (304) | (212) | (8,327) | (421) |
| Earn-out income (expense) | 4,760 | (1,756) | 731 | (4,756) |
| Other operating income (expense), net | 7,118 | (5,660) | 18,200 | (20,863) |
| Operating income | 119,967 | 62,271 | 405,916 | 264,622 |
| Interest income | 2,942 | 7,824 | 22,347 | 27,622 |
| Interest expense | (5,419) | (5,792) | (19,786) | (25,255) |
| Gain on deconsolidation of subsidiary, net | — | 91,289 | — | 91,289 |
| Income before income taxes | 117,490 | 155,592 | 408,477 | 358,278 |
| Income tax expense | (25,793) | (38,400) | (98,752) | (87,360) |
| Net income, including noncontrolling interests | 91,697 | 117,192 | 309,725 | 270,918 |
| Less: Net income attributable to noncontrolling interests | (4,100) | (3,979) | (19,572) | (13,457) |
| Net income attributable to Sterling common stockholders | $87,597 | $113,213 | $290,153 | $257,461 |
| Net income per share attributable to Sterling common stockholders: | ||||
| Basic | $2.85 | $3.69 | $9.50 | $8.35 |
| Diluted | $2.81 | $3.64 | $9.38 | $8.27 |
| Weighted average common shares outstanding: | ||||
| Basic | 30,696 | 30,696 | 30,542 | 30,830 |
| Diluted | 31,161 | 31,121 | 30,947 | 31,146 |
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