STERLING INFRASTRUCTURE, INC.STRLEarnings & Financial Report
Sterling & Wilson is an Indian multinational engineering, procurement, and construction (EPC) company headquartered in Mumbai, Maharashtra. It operates across multiple sectors including renewable energy, data centers, diesel power generation, and mechanical, electrical, and plumbing (MEP) services. The company has delivered projects in over 30 countries, with execution teams located across Asia, the Middle East, Africa, Europe, and Australia.
Revenue
$440.4M
Gross Profit
$76.9M
Operating Profit
$42.1M
Net Profit
$31.0M
Gross Margin
17.5%
Operating Margin
9.6%
Net Margin
7.1%
YoY Growth
9.1%
EPS
$1.00
STERLING INFRASTRUCTURE, INC. Q1 FY2024 Financial Summary
STERLING INFRASTRUCTURE, INC. reported revenue of $440.4M (up 9.1% YoY) for Q1 FY2024, with a net profit of $31.0M (up 58.0% YoY) (7.1% margin). Cost of goods sold was $363.5M, operating expenses totaled $34.8M.
Key Financial Metrics
| Total Revenue | $440.4M |
|---|---|
| Net Profit | $31.0M |
| Gross Margin | 17.5% |
| Operating Margin | 9.6% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
STERLING INFRASTRUCTURE, INC. Q1 FY2024 revenue of $440.4M breaks down across 6 segments, led by E Infrastructure Solutions Segment at $184.5M (41.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| E Infrastructure Solutions Segment | $184.5M | 41.9% |
| Heavy Highway | $93.4M | 21.2% |
| Residential And Other | $85.3M | 19.4% |
| Other Revenue | $37.5M | 8.5% |
| Commercial | $23.1M | 5.3% |
| Aviation | $18.1M | 4.1% |
STERLING INFRASTRUCTURE, INC. Revenue by Segment — Quarterly Trend
STERLING INFRASTRUCTURE, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as E Infrastructure Solutions Segment and Heavy Highway) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Heavy Highway | $99.6M | $105.7M | — | $87.2M |
| Other Revenue | $36.6M | $45.9M | — | $22.0M |
| Commercial | $11.4M | $20.9M | — | $15.3M |
STERLING INFRASTRUCTURE, INC. Annual Revenue by Year
STERLING INFRASTRUCTURE, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.5B |
| 2024 | $2.1B |
| 2023 | $2.0B |
| 2022 | $1.8B |
STERLING INFRASTRUCTURE, INC. Quarterly Revenue & Net Profit History
STERLING INFRASTRUCTURE, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $755.6M | +51.5% | $87.6M | 11.6% |
| Q3 FY2025 | $689.0M | +16.0% | $92.1M | 13.4% |
| Q2 FY2025 | $614.5M | +5.4% | $71.0M | 11.6% |
| Q1 FY2025 | $430.9M | -2.1% | $39.5M | 9.2% |
| Q4 FY2024 | $498.8M | +2.6% | $113.2M | 22.7% |
| Q3 FY2024 | $593.7M | +6.0% | $61.3M | 10.3% |
| Q2 FY2024 | $582.8M | +11.6% | $51.9M | 8.9% |
| Q1 FY2024 | $440.4M | +9.1% | $31.0M | 7.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $440.4M | $582.8M | $593.7M | $498.8M | $430.9M | $614.5M | $689.0M | $755.6M |
| YoY Growth | 9.1% | 11.6% | 6.0% | 2.6% | -2.1% | 5.4% | 16.0% | 51.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.82B | $1.96B | $2.02B | $2.02B | $2.03B | $2.16B | $2.56B | $2.63B |
| Liabilities | $1.17B | $1.28B | $1.29B | $1.19B | $1.21B | $1.25B | $1.48B | $1.53B |
| Equity | $644.6M | $670.7M | $716.5M | $808.1M | $805.4M | $881.7M | $1.05B | $1.11B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $49.6M | $121.0M | $152.3M | $174.3M | $84.9M | $85.4M | $83.6M | $186.1M |