Sterling Infrastructure
Prepares mission-critical sites and builds transportation and concrete infrastructure.
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Profile
Builds large-scale sites and electrical systems for data centers, semiconductor plants, and industrial facilities, while also handling transportation infrastructure and residential and commercial concrete work. E-Infrastructure now supplies most revenue, tying results to mission-critical capital programs alongside public construction and regional housing demand.
Builds and services infrastructure through E-Infrastructure Solutions, Transportation Solutions, and Building Solutions across the United States and Pacific islands. E-Infrastructure now accounts for most activity, combining large-scale site development—earthwork, grading, and underground utilities—with mission-critical electrical contracting for data centers, semiconductor plants, manufacturing sites, distribution facilities, and power projects.
Transportation Solutions constructs and rehabilitates highways, bridges, airports, ports, rail systems, and drainage infrastructure, while Building Solutions supplies residential and commercial concrete foundations, plumbing, and surveying. Pairing site preparation with electrical services broadens its scope on mission-critical campuses; the transportation portfolio has also shifted away from low-bid Texas highway work. Demand depends on customer capital programs, public infrastructure funding, and regional housing construction.
Company facts
Key statistics
Year to date +47.4% · Average volume (30d) 736.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 20, 2026 | D.A. Davidson | Target | $460 | $700 | |
| Aug 5, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $413 | $742 |
| Aug 5, 2026 | Keybanc | Reiterate | Overweight | $922 | $754 |
| Jun 2, 2026 | Keybanc | Reiterate | Overweight | $889 | $922 |
| May 28, 2026 | Oppenheimer | Target | $950 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $5.01 | $5.80 | +15.8% | $969.2M | $1.17B | +20.5% | −11.42% |
| May 4, 2026Q1 FY26 | $2.28 | $3.59 | +57.5% | $603.6M | $825.7M | +36.8% | +52.22% |
| Feb 25, 2026Q4 FY25 | $2.62 | $3.08 | +17.6% | $640.3M | $755.6M | +18.0% | −4.81% |
| Nov 3, 2025Q3 FY25 | $2.79 | $3.48 | +24.7% | $638.0M | $689.0M | +8.0% | −2.60% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $430.9M | $614.5M | $689.0M | $755.6M | $825.7M | $1.17B | |
| Gross profit | $94.8M | $143.1M | $170.2M | $164.1M | $194.3M | $282.5M | |
| Operating income | $57.6M | $108.4M | $132.0M | $115.5M | $141.7M | $231.8M | |
| Net income | $39.5M | $71.0M | $92.1M | $87.6M | $96.0M | $155.8M | |
| Diluted EPS | $1.28 | $2.31 | $2.97 | $2.81 | $3.09 | $5.00 | |
| Gross margin | 22.0% | 23.3% | 24.7% | 21.7% | 23.5% | 24.2% | |
| Operating margin | 13.4% | 17.6% | 19.2% | 15.3% | 17.2% | 19.8% |
Fiscal years (4-quarter sums)FY21 $1.58B · FY22 $1.61B · FY23 $1.97B · FY24 $2.12B · FY25 $2.49B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $464.5M · Total debt $336.8M · Total assets $3.19B · Shareholders' equity $1.36B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 30.69M · Float 29.94M · 97.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.23M | 10.54% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 1.33M | 4.34% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 1.31M | 4.26% | 13F | Aug 13, 2026 |
| FMR LLC | 1.18M | 3.83% | 13F | Aug 13, 2026 |
| State Street Corp | 956.5K | 3.12% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 25, 2026 | Mark D. Wolf | officer: General Counsel, Corporate Sec | −2,500 | $888.00 |
| Apr 23, 2026 | Joseph A. Cutillo | officer: Chief Executive Officer | −50,000 | $497.57 |
| Mar 25, 2026 | Joseph A. Cutillo | officer: Chief Executive Officer | −50,000 | $453.48 |
| Mar 12, 2026 | Dwayne Andree Wilson | director | −1,260 | $405.95 |
| Mar 9, 2026 | Julie Dill | director | −4,500 | $384.28 |
Peers
- EMCOR Group
Dominant U.S. specialty E&M contractor for data centers and semiconductor fabs.
- Comfort Systems USA
Houston MEP roll-up serving AI data-center and semiconductor build demand.
- IES
National electrical contractor; Communications segment built for data centers.
- Granite Construction
Western heavy-civil leader and closest public peer in DOT highway work.
- MYR Group
Top-5 U.S. electrical contractor; C&I segment driven by data center demand.
- Construction Partners
Vertically integrated Sunbelt paving contractor with Texas DOT overlap.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sterling Infrastructure | $472.30 | +0.40% | $14.44B | 33.9 | 21.2 | 4.2 | +90.1% |
| EMCOR Group | $736.60 | −0.41% | $32.65B | 23.1 | 21.2 | 1.8 | +19.8% |
| Comfort Systems USA | $1,521.00 | +0.17% | $53.45B | 37.4 | 28.7 | 4.8 | +50.3% |
| IES | $311.36 | +0.49% | $12.34B | 17.7 | 24.7 | 3.1 | +39.6% |
| Granite Construction | $122.52 | −0.02% | $5.36B | — | 17.5 | 1.1 | +29.3% |
| MYR Group | $295.84 | +0.52% | $4.58B | 28.0 | 22.9 | 1.1 | +20.2% |
| Construction Partners | $110.10 | +0.10% | $6.22B | 43.3 | 30.3 | 1.8 | +28.3% |
| Median | 28.0 | 23.8 | 1.8 | +28.8% |