Sterling Infrastructure Inc. (STRL) Financial Statements (2026 and earlier)

Company Profile

Business Address 1800 HUGHES LANDING BLVD.
THE WOODLANDS, TX 77380
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 16 - Heavy Construction Other Than Building Construction Contractors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3916644721828266
Cash and cash equivalent3916644721828266
Receivables501279252263232177
Other current assets351718292016
Other undisclosed current assets10761106124100102
Total current assets:1,0341,022848597435362
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 011011
Operating lease, right-of-use asset585357592517
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization(221)(177)(190)(157)  
Long-term investments and receivables106107    
Long-term investments106107    
Intangible asset, including goodwill, after accumulated amortization1,140581610562563437
Goodwill585265281263260192
Intangible asset, excluding goodwill, after accumulated amortization555316328299303245
Deferred income tax assets      8
Other noncurrent assets171719843
Other undisclosed noncurrent assets 499413433372204126
Total noncurrent assets:1,599995929844796591
TOTAL ASSETS:2,6342,0171,7771,4421,231953
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities289167174146168113
Employee-related liabilities✕✕✕✕✕2318
Accounts payable22713014612214595
Accrued liabilities63372824  
Deferred revenue652509444239128114
Debt152727332878
Other liabilities47191491910
Other undisclosed current liabilities1920192097
Total current liabilities:1,022742678447352322
Noncurrent Liabilities
Long-term debt and lease obligation276290315399445301
Long-term debt, excluding current maturities276290315399429291
Finance lease, liability   0000
Liabilities, other than long-term debt229158131971911
Deferred income tax liabilities123109775215 
Other liabilities6617175511
Operating lease, liability40323840169
Other undisclosed noncurrent liabilities   29225551
Total noncurrent liabilities:505448475517519362
Total liabilities:1,5271,1901,153964871684
Equity
Equity, attributable to parent1,109808619475359267
Common stock000000
Treasury stock, value(131)(63)   (1)
Additional paid in capital366288294288280256
Accumulated other comprehensive loss     (2)(5)
Retained earnings8735823251868017
Equity, attributable to noncontrolling interest(2)185311
Total equity:1,106826624478360269
TOTAL LIABILITIES AND EQUITY:2,6342,0171,7771,4421,231953

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues2,4902,1161,9721,7691,5821,427
Cost of revenue
(Cost of Product and Service Sold)		(1,918)(1,690)(1,635)(1,495)(1,367)(1,236)
Gross profit:572426338275215191
Operating expenses(185)(136)(115)(101)(94)(84)
Other operating income (expense), net18(26)(17)(13)(14)(13)
Other undisclosed operating income (loss)1     
Operating income:40626520616010795
Nonoperating income
(Investment Income, Nonoperating)		  91    
Interest and debt expense(0)(0)(0)22(3)
Income from continuing operations before income taxes:40635620616210992
Income tax expense(99)(87)(48)(42)(25)(22)
Other undisclosed income (loss) from continuing operations  2(15)(22)  
Income from continuing operations:307271143988469
Income before gain (loss) on sale of properties:✕✕✕✕✕8469
Income from discontinued operations    10  
Other undisclosed net income (loss)3   (19)(26)
Net income:3102711431086543
Other undisclosed net loss attributable to parent(20)(13)(4)(2)  
Net income attributable to parent:2902571391066543
Other undisclosed net loss available to common stockholders, basic     (2)(1)
Net income available to common stockholders, diluted:2902571391066342

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:3102711431086543
Other comprehensive income (loss)    26(8)
Other undisclosed comprehensive income (loss)     (2)3
Comprehensive income:3102711431106938
Comprehensive loss, net of tax, attributable to noncontrolling interest(20)(13)(4)(2)(2)(1)
Comprehensive income, net of tax, attributable to parent:2902571391086637

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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