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
$689.0M
Gross Profit
$170.2M
Operating Profit
$125.3M
Net Profit
$92.1M
Gross Margin
24.7%
Operating Margin
18.2%
Net Margin
13.4%
YoY Growth
16.0%
EPS
$2.97
STERLING INFRASTRUCTURE, INC. Q3 FY2025 Financial Summary
STERLING INFRASTRUCTURE, INC. reported revenue of $689.0M (up 16.0% YoY) for Q3 FY2025, with a net profit of $92.1M (up 50.2% YoY) (13.4% margin). Cost of goods sold was $518.8M, operating expenses totaled $44.9M.
Key Financial Metrics
| Total Revenue | $689.0M |
|---|---|
| Net Profit | $92.1M |
| Gross Margin | 24.7% |
| Operating Margin | 18.2% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
STERLING INFRASTRUCTURE, INC. Q3 FY2025 revenue of $689.0M breaks down across 8 segments, led by Lump Sum at $418.8M (60.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Lump Sum | $418.8M | 60.8% |
| Heavy Highway | $105.7M | 15.3% |
| Road And Highway Builders LLC | $63.6M | 9.2% |
| Other Revenue | $45.9M | 6.7% |
| Commercial | $20.9M | 3.0% |
| Aviation | $18.9M | 2.7% |
| Corporate Joint Venture | $13.6M | 2.0% |
| Related Party | $1.4M | 0.2% |
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 Lump Sum and Heavy Highway) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Lump Sum | $464.9M | $418.8M | $323.2M | $224.2M |
| Heavy Highway | $99.6M | $105.7M | — | $87.2M |
| Road And Highway Builders LLC | $52.4M | $63.6M | $61.3M | $43.4M |
| 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 |