Sterling Infrastructure, Inc. (STRL) quarterly cash flow statement — complete operating, investing & financing history
Sterling Infrastructure, Inc. (STRL) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 99.07M | 162.45M | 165.57M | 184.64M | 83.63M | 85.43M | 84.88M | 174.27M | 152.27M | 120.97M | 49.59M | 147.37M | 150.11M | 132.05M | 49.06M | 88.47M | 96.19M | 15.41M | 26.57M | 15.85M |
| Operating CF Margin % | 6.33% | 13.91% | 20.05% | 24.44% | 12.14% | 13.9% | 19.7% | 34.94% | 25.65% | 20.76% | 11.26% | 30.32% | 26.79% | 25.28% | 12.16% | 30.34% | 19.51% | 3.34% | 7.26% | 3.95% |
| Operating CF Growth % | 18.47% | 90.16% | 95.05% | 5.95% | -45.08% | -29.38% | 71.17% | 18.25% | 1.44% | -8.39% | 1.09% | 66.58% | 56.05% | 757.13% | 84.65% | 458.09% | 117.39% | -70.81% | -31.38% | -44.05% |
| Net Income | 229.68M | 168.65M | 103.77M | 83.58M | 92.09M | 79.11M | 42.59M | 117.19M | 65.39M | 54.57M | 33.76M | 40.17M | 40.14M | 39.48M | 19.65M | 20.23M | 30.16M | 26.37M | 19.52M | 11.48M |
| Depreciation & Amortization | 27.82M | 24.98M | 23.03M | 22.59M | 19.91M | 17.62M | 16.99M | 17.86M | 17.36M | 16.93M | 16.26M | 15.27M | 14.86M | 14.44M | 13.69M | 13.25M | 13.14M | 13.64M | 11.77M | 8.87M |
| Stock-Based Compensation | 11.16M | 8.14M | 7.5M | 5.94M | 0 | 5.59M | 6.68M | 5.25M | 4.37M | 4.8M | 4.59M | 3.65M | 3.97M | 3.27M | 0 | 0 | 2.73M | 2.63M | 2.61M | 6.08M |
| Deferred Taxes | 5.5M | 4.36M | 1.91M | 4.53M | 3.84M | 4.76M | 650K | 26.47M | 2.59M | 2M | 1.52M | 0 | 3.4M | 0 | 2.73M | 11.52M | 10.47M | 8.87M | 5.64M | 4.01M |
| Other Non-Cash Items | 6.03M | -19.07M | 4.76M | 55.09M | 9.73M | 6.19M | -2.42M | -91.21M | -36K | -2.09M | -280K | -8.24M | -1.01M | 25.79M | 2.38M | -1.07M | -823K | -25K | -2.19M | 275K |
| Working Capital Changes | -181.11M | -24.6M | 24.6M | 12.92M | -41.95M | -27.85M | 20.39M | 98.71M | 62.59M | 44.76M | -6.25M | 96.52M | 88.76M | 49.08M | 10.61M | 44.54M | 40.52M | -36.08M | -10.78M | -14.87M |
| Change in Receivables | 0 | 1.1M | -1.1M | 4.22M | -67.22M | -56.08M | 30.15M | 131.63M | 49.98M | -5.63M | 18.86M | 107.16M | 71M | 37.69M | 20.31M | 79.79M | 4.67M | -76.45M | -13M | 32.96M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6.93M |
| Change in Payables | 0 | -4.12M | 4.12M | 19.09M | -19.21M | 29.96M | -5.44M | -22.39M | -3.5M | 33.59M | -17.04M | 0 | 6.15M | 0 | -3.42M | -35.52M | 28.93M | 21.36M | -2.88M | -20.82M |
| Cash from Investing | -69.75M | -188.81M | -17.68M | -20.86M | -464.59M | -12.27M | -54.21M | -123.55M | -16.92M | -24.33M | -21.05M | -62.12M | -9.3M | -22.84M | 6.5M | -41.93M | -16.8M | -16.46M | -14.56M | -186.23M |
| Capital Expenditures | -45.81M | -50.02M | -19.63M | -26.39M | -19.66M | -13.34M | -17.92M | -15.64M | -14M | -28.88M | -22.43M | -15.13M | -10.38M | -24.64M | -14.22M | -13.08M | -18.89M | -13.98M | -14.97M | -7.34M |
| CapEx % of Revenue | 2.93% | 4.28% | 2.38% | 3.49% | 2.85% | 2.17% | 4.16% | 3.14% | 2.36% | 4.95% | 5.09% | 3.11% | 1.85% | 4.72% | 3.52% | 4.48% | 3.83% | 3.03% | 4.09% | 1.83% |
| Acquisitions | -25.01M | -139.99M | 0 | 2.9M | -446.3M | 0 | -37.86M | -110.22M | -10.76M | 0 | -1.02M | -51.18M | 0 | 0 | 20.73M | -28.86M | 0 | -3.03M | 0 | -180.91M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 1.07M | 1.19M | 1.95M | 2.64M | 1.37M | 1.07M | 1.57M | 2.32M | 7.83M | 4.54M | 2.4M | 4.2M | 1.08M | 1.8M | 0 | 0 | 2.09M | 545K | 406K | 2.02M |
| Cash from Financing | -276.84M | -21.05M | -26.75M | -79.46M | -12.02M | -12.44M | -56.22M | -34.65M | -27.21M | -37.06M | -19.69M | -23.09M | -9.53M | -36.79M | -35.13M | -15.18M | -5.98M | -5.84M | -13.31M | 134.65M |
| Debt Issued (Net) | -193.87M | -3.78M | -3.79M | -3.79M | -3.79M | -10.67M | -6.61M | -6.61M | -6.61M | -6.65M | -6.68M | -16.64M | -9.26M | -36.75M | -30.84M | -5.76M | -5.84M | -5.84M | -5.93M | -4.09M |
| Equity Issued (Net) | -72.01M | -22.98M | -12.28M | -25.65M | -4.7M | 0 | -43.85M | -20M | -20.45M | -30.14M | 0 | -4.99M | -251K | -40K | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -72.01M | -22.98M | -12.28M | -25.65M | -4.7M | 0 | -43.85M | -20M | -20.45M | -30.14M | 0 | -4.99M | -251K | -40K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -10.96M | 5.72M | -10.68M | -50.01M | -3.52M | -1.77M | -5.77M | -8.05M | -150K | -277K | -13.02M | -1.46M | -16K | 0 | -4.29M | -9.42M | -136K | 0 | -7.38M | 138.74M |
| Net Change in Cash | -247.51M | -47.41M | 121.14M | 84.33M | -392.98M | 60.73M | -25.55M | 16.07M | 108.14M | 59.57M | 8.85M | 62.16M | 131.28M | 72.42M | 20.43M | 31.36M | 73.42M | -7.49M | -1.31M | -35.86M |
| Free Cash Flow | 53.26M | 112.44M | 145.94M | 158.25M | 63.97M | 72.09M | 66.96M | 158.62M | 138.27M | 92.09M | 27.16M | 132.23M | 139.72M | 107.41M | 34.84M | 75.39M | 77.31M | 1.43M | 11.6M | 8.52M |
| FCF Margin % | 3.41% | 9.62% | 17.68% | 20.94% | 9.28% | 11.73% | 15.54% | 31.8% | 23.29% | 15.8% | 6.17% | 27.21% | 24.94% | 20.56% | 8.63% | 25.85% | 15.68% | 0.31% | 3.17% | 2.12% |
| FCF Growth % | -16.73% | 55.97% | 117.95% | -0.23% | -53.74% | -21.72% | 146.54% | 19.96% | -1.04% | -14.26% | -22.04% | 75.4% | 80.74% | 7411.26% | 200.34% | 785.3% | 185.42% | -96.58% | -57.84% | -51.5% |
| FCF per Share | 1.71 | 3.61 | 4.70 | 5.08 | 2.07 | 2.34 | 2.17 | 5.10 | 4.45 | 2.96 | 0.87 | 4.22 | 4.48 | 3.46 | 1.13 | 2.45 | 2.53 | 0.05 | 0.39 | 0.29 |
| FCF Conversion (FCF/Net Income) | 0.46x | 1.04x | 1.73x | 2.11x | 0.91x | 1.20x | 2.15x | 1.54x | 2.48x | 2.33x | 1.60x | 3.67x | 3.81x | 3.34x | 2.50x | 2.79x | 3.26x | 0.59x | 1.50x | 1.45x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |