Financials Sterling Infrastructure, Inc.

Equities

STRL

US8592411016

Construction & Engineering

Market Closed - Nasdaq Other stock markets 01:30:00 16/05/2026 am IST			5-day change	1st Jan Change
848.84 ^USD	-4.52%		+0.48%	+177.19%

12/05	Sterling Infrastructure Inc files for mixed shelf size not disclosed - SEC filing	RE
06/05	Sterling Infrastructure, Inc., Q1 2026 Earnings Call, May 05, 2026

Projected Income Statement: Sterling Infrastructure, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	1,582	1,769	1,972	2,116	2,490	3,776	4,213	4,318
Change	-	11.86%	11.46%	7.28%	17.69%	51.63%	11.57%	2.5%
EBITDA ¹	142.9	209.5	259.9	320	503.8	853.2	997.8	893
Change	-	46.64%	24.03%	23.13%	57.45%	69.35%	16.94%	-10.5%
EBIT ¹	111.2	159.9	205.8	264.6	405.9	734.2	837.9	781
Change	-	43.81%	28.73%	28.59%	53.39%	80.88%	14.12%	-6.79%
Interest Paid ¹	-19.35	-20.59	-29.32	-25.26	-19.79	-19.33	-19	-17
Earnings before Tax (EBT) ¹	90.02	140.2	190.6	358.3	408.5	730.8	924.3	-
Change	-	55.7%	35.99%	87.96%	14.01%	78.92%	26.48%	-
Net income ¹	62.64	106.5	138.7	257.5	290.2	518.5	669.8	-
Change	-	69.94%	30.24%	85.68%	12.7%	78.71%	29.16%	-
Announcement Date	28/02/22	27/02/23	26/02/24	25/02/25	25/02/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	401.7	463.4	401.3	410.3	510.6	556.9	448.6	403.6	522.3	560.3	486	440.4	582.8	593.7	498.8	430.9	614.5	689	755.6	825.7	990.2	1,048	912.2	891.7	1,135	1,214	1,088
Change	-	15.38%	-13.4%	2.24%	24.43%	9.08%	-19.45%	-10.04%	29.42%	7.28%	-13.27%	-9.39%	32.35%	1.87%	-15.98%	-13.61%	42.58%	12.13%	9.67%	9.27%	19.92%	5.82%	-12.94%	-2.25%	27.26%	7.01%	-10.42%
EBITDA ¹	40.96	40.03	31.95	39.76	54.32	60.19	50.14	46.12	73.55	71.31	68.9	55.71	87.06	100.9	76.37	80.3	125.6	155.8	142.1	166.6	227.5	254.6	205	185.9	268	306.3	260.7
Change	-	-2.28%	-20.18%	24.46%	36.61%	10.8%	-16.7%	-8.02%	59.49%	-3.05%	-3.38%	-19.15%	56.29%	15.84%	-24.28%	5.15%	56.47%	23.98%	-8.79%	17.25%	36.56%	11.93%	-19.51%	-9.29%	44.15%	14.29%	-14.9%
EBIT ¹	32.72	32.03	23.66	28.27	41.09	47.69	37.04	32.63	60.26	57.14	55.77	42.12	72.73	87.49	62.27	56.08	104.6	125.3	120	137.8	195.5	226.1	174.9	155.4	237.9	275.7	229.6
Change	-	-2.11%	-26.14%	19.49%	45.35%	16.05%	-22.32%	-11.92%	84.7%	-5.19%	-2.4%	-24.46%	72.66%	20.29%	-28.83%	-9.95%	86.47%	19.84%	-4.26%	14.88%	41.83%	15.67%	-22.66%	-11.14%	53.09%	15.92%	-16.72%
Charge d'intérêts ¹	-5.737	-3.919	-3.688	-4.587	-4.48	-5.134	-6.39	-7.528	-7.731	-7.257	-6.804	-6.664	-6.513	-6.286	-5.792	-5.232	-4.995	-4.14	-5.419	-	-4.667	-5.667	-4.667	-6	-6	-6	-6
Earnings before Tax (EBT) ¹	28.4	29.09	16.11	26.12	36.64	42.72	31.4	27.07	54.74	54.03	54.78	41.4	72.53	88.8	155.6	57.67	106.5	126.8	117.5	137.4	198.6	226.6	168.1	154.8	237.3	275.4	229.7
Change	-	2.45%	-44.64%	62.18%	40.28%	16.59%	-26.5%	-13.77%	102.18%	-1.29%	1.38%	-24.42%	75.19%	22.43%	75.22%	-62.93%	84.62%	19.14%	-7.38%	16.98%	44.52%	14.08%	-25.83%	-7.91%	53.34%	16.05%	-16.61%
Net income ¹	20.06	21.13	10.91	19.25	25.96	29.52	31.72	19.65	39.48	39.35	40.17	31.05	51.88	61.32	113.2	39.48	70.99	92.09	87.6	95.97	141.6	162.6	118.4	110.9	172.5	201.2	166.6
Change	-	5.34%	-48.37%	76.49%	34.85%	13.72%	7.46%	-38.06%	100.93%	-0.32%	2.08%	-22.71%	67.09%	18.2%	84.62%	-65.13%	79.83%	29.72%	-4.88%	9.56%	47.52%	14.85%	-27.18%	-6.3%	55.5%	16.64%	-17.2%
Announcement Date	02/08/21	02/11/21	28/02/22	02/05/22	01/08/22	31/10/22	27/02/23	01/05/23	07/08/23	06/11/23	26/02/24	06/05/24	05/08/24	06/11/24	25/02/25	05/05/25	04/08/25	03/11/25	25/02/26	04/05/26	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Sterling Infrastructure, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-	250	-130	-348	-99.7	-551	-991	-1,442
Change	-	-	-152%	-167.69%	71.35%	-452.81%	-79.85%	-45.51%
Announcement Date	28/02/22	27/02/23	26/02/24	25/02/25	25/02/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Sterling Infrastructure, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	46.65	60.91	64.38	80.95	77.31	99.42	136.7	130
Change	-	30.56%	5.7%	25.75%	-4.5%	28.6%	37.46%	-4.88%
Free Cash Flow (FCF) ¹	104.9	158.2	414.2	416.2	362.7	578.9	673.2	594
Change	-	50.76%	161.81%	0.47%	-12.85%	59.61%	16.3%	-11.76%
Announcement Date	28/02/22	27/02/23	26/02/24	25/02/25	25/02/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Sterling Infrastructure, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	9.03%	11.84%	13.18%	15.12%	20.23%	22.6%	23.69%	20.68%
EBIT Margin (%)	7.03%	9.04%	10.43%	12.51%	16.3%	19.45%	19.89%	18.09%
EBT Margin (%)	5.69%	7.92%	9.66%	16.93%	16.4%	19.36%	21.94%	-
Net margin (%)	3.96%	6.02%	7.03%	12.17%	11.65%	13.73%	15.9%	-
FCF margin (%)	6.63%	8.94%	21%	19.67%	14.57%	15.33%	15.98%	13.76%
FCF / Net Income (%)	167.52%	148.61%	298.73%	161.64%	124.99%	111.64%	100.51%	-
Profitability
ROA	-	7.96%	8.76%	13.57%	12.48%	19.3%	23.1%	-
ROE	-	25.55%	26.29%	36.08%	30.28%	42.3%	35.9%	25.7%
Financial Health
Leverage (Debt/EBITDA)	-	1.19x	-	-	-	-	-	-
Debt / Free cash flow	-	1.58x	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.95%	3.44%	3.26%	3.83%	3.1%	2.63%	3.24%	3.01%
CAPEX / EBITDA (%)	32.65%	29.07%	24.77%	25.3%	15.35%	11.65%	13.7%	14.56%
CAPEX / FCF (%)	44.45%	38.5%	15.54%	19.45%	21.32%	17.18%	20.3%	21.89%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	-	26.38	-	48.85	68.49	-
Change	-	-	-	-	-	-	40.2%	-
EPS ¹	2.15	3.48	4.44	8.27	9.38	16.72	21.58	-
Change	-	61.86%	27.59%	86.26%	13.42%	78.25%	29.1%	-
Nbr of stocks (in thousands)	28,795	30,330	30,838	30,713	30,719	30,686	30,686	-
Announcement Date	28/02/22	27/02/23	26/02/24	25/02/25	25/02/26	-	-	-