Sterling Infrastructure, Inc. (STRL) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Engineering & Construction
EV/EBITDA
↑
50.24
↑+328% vs avg
5yr avg: 11.74
30Y Low2.9·High65.7
P/FCF
↑
68.18
↑+483% vs avg
5yr avg: 11.70
30Y Low2.2·High133.4
P/B Ratio
↑
22.54
↑+379% vs avg
5yr avg: 4.71
30Y Low0.3·High8.6
ROE
↑
30.0%
↓+10% vs avg
5yr avg: 27.2%
30Y Low-271%·High40%
Debt/EBITDA
↓
0.71
↓-60% vs avg
5yr avg: 1.80
30Y Low0.0·High9.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
STRL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Sterling Infrastructure, Inc. trades at 85.9x earnings, 355% above its 5-year average of 18.9x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.7x, the stock trades at a premium of 235%. On a free-cash-flow basis, the stock trades at 68.2x P/FCF, 483% above the 5-year average of 11.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $24.7B | $9.5B | $5.2B | $2.7B | $1.0B | $765M | $525M | $382M | $296M | $435M | $196M |
| Enterprise Value | $24.7B | $9.4B | $5.0B | $2.7B | $1.3B | $1.2B | $837M | $778M | $280M | $438M | $156M |
| P/E Ratio → | 85.93 | 32.65 | 20.37 | 19.80 | 9.43 | 12.23 | 12.41 | 9.58 | 11.71 | 37.86 | — |
| P/S Ratio | 9.93 | 3.81 | 2.48 | 1.39 | 0.57 | 0.54 | 0.43 | 0.34 | 0.29 | 0.45 | 0.28 |
| P/B Ratio | 22.54 | 8.57 | 6.35 | 4.40 | 2.10 | 2.12 | 1.95 | 1.73 | 1.72 | 2.97 | 1.81 |
| P/FCF | 68.18 | 26.13 | 12.61 | 6.63 | 6.34 | 6.82 | 5.83 | 14.86 | 11.26 | 32.00 | 5.82 |
| P/OCF | 56.20 | 21.54 | 10.55 | 5.73 | 4.58 | 4.82 | 4.27 | 9.29 | 7.50 | 18.90 | 4.40 |
P/E links to full P/E history page with 30-year chart
STRL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Sterling Infrastructure, Inc.'s enterprise value stands at 50.2x EBITDA, 328% above its 5-year average of 11.7x. The Industrials sector median is 13.7x, placing the stock at a 268% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.79 | 2.34 | 1.35 | 0.74 | 0.83 | 0.68 | 0.69 | 0.27 | 0.46 | 0.23 |
| EV / EBITDA | 50.24 | 19.20 | 14.87 | 10.15 | 6.17 | 8.30 | 6.68 | 13.31 | 4.73 | 10.16 | 13.82 |
| EV / EBIT | 59.60 | 22.03 | 12.91 | 12.15 | 8.14 | 10.84 | 9.06 | 24.98 | 6.42 | 15.73 | — |
| EV / FCF | — | 26.02 | 11.90 | 6.45 | 8.27 | 10.44 | 9.30 | 30.30 | 10.65 | 32.27 | 4.65 |
STRL Profitability
Margins and return-on-capital ratios measuring operating efficiency
Sterling Infrastructure, Inc. earns an operating margin of 16.6%, above the Industrials sector average of 4.7%. Operating margins have expanded from 10.4% to 16.6% over the past 3 years, signaling improving operational efficiency. Return on equity of 30.0% is exceptionally high — well above the sector median of 8.2%. ROIC of 38.9% represents excellent returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.1% | 22.1% | 20.1% | 17.1% | 15.5% | 14.4% | 14.6% | 9.6% | 10.6% | 9.3% | 6.4% |
| Operating Margin | 16.6% | 16.6% | 12.5% | 10.4% | 9.0% | 7.6% | 7.5% | 3.4% | 4.1% | 2.7% | -0.7% |
| Net Profit Margin | 11.7% | 11.7% | 12.2% | 7.0% | 6.0% | 4.4% | 3.4% | 3.5% | 2.4% | 1.2% | -1.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 30.0% | 30.0% | 35.5% | 25.2% | 25.4% | 19.9% | 17.3% | 20.3% | 15.8% | 9.1% | -9.1% |
| ROA | 12.4% | 12.4% | 13.4% | 8.5% | 7.8% | 5.6% | 4.4% | 5.6% | 5.3% | 3.0% | -3.3% |
| ROIC | 38.9% | 38.9% | 36.7% | 23.1% | 15.5% | 11.9% | 11.6% | 7.3% | 20.9% | 18.0% | -4.0% |
| ROCE | 28.5% | 28.5% | 21.9% | 19.2% | 16.5% | 13.6% | 14.1% | 7.9% | 14.6% | 12.0% | -3.0% |
STRL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Sterling Infrastructure, Inc. carries a Debt/EBITDA ratio of 0.7x, which is very conservative (77% below the sector average of 3.1x). The company holds a net cash position — cash of $391M exceeds total debt of $350M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 21.6x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.32 | 0.32 | 0.45 | 0.64 | 1.03 | 1.31 | 1.43 | 2.02 | 0.48 | 0.62 | 0.05 |
| Debt / EBITDA | 0.71 | 0.71 | 1.11 | 1.52 | 2.32 | 3.34 | 3.07 | 7.65 | 1.39 | 2.09 | 0.48 |
| Net Debt / Equity | — | -0.04 | -0.36 | -0.12 | 0.64 | 1.13 | 1.16 | 1.79 | -0.09 | 0.02 | -0.36 |
| Net Debt / EBITDA | -0.08 | -0.08 | -0.89 | -0.28 | 1.44 | 2.88 | 2.49 | 6.78 | -0.27 | 0.08 | -3.48 |
| Debt / FCF | — | -0.11 | -0.71 | -0.18 | 1.93 | 3.62 | 3.47 | 15.44 | -0.61 | 0.26 | -1.17 |
| Interest Coverage | 21.64 | 21.64 | 15.19 | 7.50 | 7.81 | 5.60 | 3.15 | 1.87 | 3.53 | 2.84 | -1.79 |
Net cash position: cash ($391M) exceeds total debt ($350M)
STRL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.01x means Sterling Infrastructure, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.25x to 1.01x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.01 | 1.01 | 1.38 | 1.25 | 1.34 | 1.24 | 1.12 | 1.22 | 1.69 | 1.53 | 1.20 |
| Quick Ratio | 1.01 | 1.01 | 1.38 | 1.25 | 1.34 | 1.24 | 1.12 | 1.22 | 1.67 | 1.50 | 1.17 |
| Cash Ratio | 0.38 | 0.38 | 0.90 | 0.70 | 0.41 | 0.18 | 0.23 | 0.17 | 0.55 | 0.47 | 0.31 |
| Asset Turnover | — | 0.95 | 1.04 | 1.09 | 1.20 | 1.12 | 1.25 | 1.19 | 2.15 | 2.07 | 2.29 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 293.55 | 188.03 | 174.29 |
| Days Sales Outstanding | — | 73.46 | 58.71 | 66.36 | 79.74 | 73.76 | 83.03 | 88.39 | 69.40 | 69.51 | 65.57 |
STRL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Sterling Infrastructure, Inc. returns 0.3% to shareholders annually primarily through share buybacks. The earnings yield of 1.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.2% | 3.1% | 4.9% | 5.0% | 10.6% | 8.2% | 8.1% | 10.4% | 8.5% | 2.6% | — |
| FCF Yield | 1.5% | 3.8% | 7.9% | 15.1% | 15.8% | 14.7% | 17.2% | 6.7% | 8.9% | 3.1% | 17.2% |
| Buyback Yield | 0.3% | 0.8% | 1.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% | 1.6% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.3% | 0.8% | 1.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% | 1.6% | 0.0% | 0.0% |
| Shares Outstanding | — | $31M | $31M | $31M | $31M | $29M | $28M | $27M | $27M | $27M | $23M |
Peer Comparison
Compare STRL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 STRLYou | $25B | 85.9 | 50.2 | 68.2 | 22.1% | 16.6% | 30.0% | 38.9% | 0.7 |
 PRIM | $11B | 40.4 | 23.2 | 32.3 | 10.7% | 5.5% | 17.8% | 13.6% | 2.5 |
 ROAD | $7B | 71.5 | 22.7 | 47.5 | 15.6% | 8.5% | 13.7% | 10.3% | 4.4 |
 MYRG | $7B | 62.2 | 31.6 | 31.4 | 11.5% | 4.4% | 18.8% | 18.3% | 0.5 |
 IESC | $13B | 44.0 | 30.7 | 60.2 | 25.5% | 11.4% | 39.7% | 37.5% | 0.4 |
 WLDN | $1B | 22.0 | 18.1 | 16.0 | 37.5% | 6.5% | 19.5% | 11.5% | 1.1 |
 GLDD | $1B | 15.7 | 9.3 | 11.4 | 22.9% | 14.1% | 15.2% | 9.7% | 2.7 |
 PWR | $116B | 113.5 | 46.9 | 71.4 | 13.0% | 5.8% | 12.6% | 11.8% | 0.5 |
 MTZ | $34B | 86.3 | 34.2 | 120.7 | 9.6% | 4.6% | 12.6% | 8.9% | 2.6 |
 TTEK | $8B | 34.0 | 13.7 | 18.8 | 17.7% | 11.1% | 13.7% | 17.4% | 1.5 |
 APOG | $770M | 14.2 | 21.6 | 8.1 | 22.7% | 6.0% | 10.8% | 8.1% | 6.1 |
| Industrials Median | — | 25.7 | 13.7 | 21.2 | 33.0% | 4.7% | 8.2% | 6.3% | 3.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonSTRL — Frequently Asked Questions
Quick answers to the most common questions about buying STRL stock.
What is Sterling Infrastructure, Inc.'s P/E ratio?
Sterling Infrastructure, Inc.'s current P/E ratio is 85.9x. The historical average is 15.0x. This places it at the 100th percentile of its historical range.
What is Sterling Infrastructure, Inc.'s EV/EBITDA?
Sterling Infrastructure, Inc.'s current EV/EBITDA is 50.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.1x.
What is Sterling Infrastructure, Inc.'s ROE?
Sterling Infrastructure, Inc.'s return on equity (ROE) is 30.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -13.4%.
Is STRL stock overvalued?
Based on historical data, Sterling Infrastructure, Inc. is trading at a P/E of 85.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Sterling Infrastructure, Inc.'s profit margins?
Sterling Infrastructure, Inc. has 22.1% gross margin and 16.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Sterling Infrastructure, Inc. have?
Sterling Infrastructure, Inc.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.