STRLSTERLING INFRASTRUCTURE, INC.
Heavy Construction Other Than Bldg Const - Contractors
- Revenue
- $2.5B
- 18% YoY
- Operating margin
- 16.3%
- 30% YoY
- EBITDA
- $483M
- 45% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.3×
- −$137M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear152% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear17% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear18% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.8B | $2.0B | $2.1B | $2.5B | 18% |
| Operating income | $107M | $160M | $206M | $265M | $406M | 53% |
| Net income | $63M | $106M | $139M | $257M | $290M | 13% |
| Operating cash flow | $159M | $219M | $479M | $497M | $440M | 11% |
| Capex | $47M | $61M | $64M | $81M | $77M | 4.5% |
| Stock-based comp | $12M | $13M | $15M | $19M | $24M | 27% |
| Buybacks | $0 | $0 | $0 | $71M | $74M | 5.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.