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Side-by-side financial comparison of Acadia Healthcare Company, Inc. (ACHC) and STERLING INFRASTRUCTURE, INC. (STRL). Click either name above to swap in a different company.

Acadia Healthcare Company, Inc. is the larger business by last-quarter revenue ($821.5M vs $755.6M, roughly 1.1× STERLING INFRASTRUCTURE, INC.). STERLING INFRASTRUCTURE, INC. runs the higher net margin — 11.6% vs -143.3%, a 154.9% gap on every dollar of revenue. On growth, STERLING INFRASTRUCTURE, INC. posted the faster year-over-year revenue change (51.5% vs 6.1%). STERLING INFRASTRUCTURE, INC. produced more free cash flow last quarter ($159.7M vs $-179.5M). Over the past eight quarters, STERLING INFRASTRUCTURE, INC.'s revenue compounded faster (31.0% CAGR vs 3.4%).

Acadia Healthcare Company, Inc. is an American provider of for-profit behavioral healthcare services. It operates a network of over 225 facilities across the United States and Puerto Rico.

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.

ACHC vs STRL — Head-to-Head

Bigger by revenue
ACHC
ACHC
1.1× larger
ACHC
$821.5M
$755.6M
STRL
Growing faster (revenue YoY)
STRL
STRL
+45.4% gap
STRL
51.5%
6.1%
ACHC
Higher net margin
STRL
STRL
154.9% more per $
STRL
11.6%
-143.3%
ACHC
More free cash flow
STRL
STRL
$339.1M more FCF
STRL
$159.7M
$-179.5M
ACHC
Faster 2-yr revenue CAGR
STRL
STRL
Annualised
STRL
31.0%
3.4%
ACHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACHC
ACHC
STRL
STRL
Revenue
$821.5M
$755.6M
Net Profit
$-1.2B
$87.6M
Gross Margin
21.7%
Operating Margin
-142.4%
15.9%
Net Margin
-143.3%
11.6%
Revenue YoY
6.1%
51.5%
Net Profit YoY
-3710.4%
-22.6%
EPS (diluted)
$-12.98
$2.82

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACHC
ACHC
STRL
STRL
Q4 25
$821.5M
$755.6M
Q3 25
$851.6M
$689.0M
Q2 25
$869.2M
$614.5M
Q1 25
$770.5M
$430.9M
Q4 24
$774.2M
$498.8M
Q3 24
$815.6M
$593.7M
Q2 24
$796.0M
$582.8M
Q1 24
$768.1M
$440.4M
Net Profit
ACHC
ACHC
STRL
STRL
Q4 25
$-1.2B
$87.6M
Q3 25
$36.2M
$92.1M
Q2 25
$30.1M
$71.0M
Q1 25
$8.4M
$39.5M
Q4 24
$32.6M
$113.2M
Q3 24
$68.1M
$61.3M
Q2 24
$78.5M
$51.9M
Q1 24
$76.4M
$31.0M
Gross Margin
ACHC
ACHC
STRL
STRL
Q4 25
21.7%
Q3 25
24.7%
Q2 25
23.3%
Q1 25
22.0%
Q4 24
21.4%
Q3 24
21.9%
Q2 24
19.3%
Q1 24
17.5%
Operating Margin
ACHC
ACHC
STRL
STRL
Q4 25
-142.4%
15.9%
Q3 25
4.7%
18.2%
Q2 25
5.8%
17.0%
Q1 25
1.7%
13.0%
Q4 24
4.9%
12.5%
Q3 24
12.1%
14.7%
Q2 24
13.4%
12.5%
Q1 24
12.9%
9.6%
Net Margin
ACHC
ACHC
STRL
STRL
Q4 25
-143.3%
11.6%
Q3 25
4.3%
13.4%
Q2 25
3.5%
11.6%
Q1 25
1.1%
9.2%
Q4 24
4.2%
22.7%
Q3 24
8.4%
10.3%
Q2 24
9.9%
8.9%
Q1 24
9.9%
7.1%
EPS (diluted)
ACHC
ACHC
STRL
STRL
Q4 25
$-12.98
$2.82
Q3 25
$0.40
$2.97
Q2 25
$0.33
$2.31
Q1 25
$0.09
$1.28
Q4 24
$0.36
$3.63
Q3 24
$0.74
$1.97
Q2 24
$0.85
$1.67
Q1 24
$0.83
$1.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACHC
ACHC
STRL
STRL
Cash + ST InvestmentsLiquidity on hand
$133.2M
$390.7M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$1.9B
$1.1B
Total Assets
$5.5B
$2.6B
Debt / EquityLower = less leverage
1.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACHC
ACHC
STRL
STRL
Q4 25
$133.2M
$390.7M
Q3 25
$118.7M
$306.4M
Q2 25
$131.4M
$699.4M
Q1 25
$91.2M
$638.6M
Q4 24
$76.3M
$664.2M
Q3 24
$82.1M
$648.1M
Q2 24
$77.2M
$540.0M
Q1 24
$77.3M
$480.4M
Total Debt
ACHC
ACHC
STRL
STRL
Q4 25
$2.5B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.2B
Q4 24
$2.0B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.9B
Stockholders' Equity
ACHC
ACHC
STRL
STRL
Q4 25
$1.9B
$1.1B
Q3 25
$3.1B
$1.1B
Q2 25
$3.1B
$881.7M
Q1 25
$3.0B
$805.4M
Q4 24
$3.1B
$808.1M
Q3 24
$3.0B
$716.5M
Q2 24
$3.0B
$670.7M
Q1 24
$2.9B
$644.6M
Total Assets
ACHC
ACHC
STRL
STRL
Q4 25
$5.5B
$2.6B
Q3 25
$6.4B
$2.6B
Q2 25
$6.3B
$2.2B
Q1 25
$6.1B
$2.0B
Q4 24
$6.0B
$2.0B
Q3 24
$5.9B
$2.0B
Q2 24
$5.7B
$2.0B
Q1 24
$5.5B
$1.8B
Debt / Equity
ACHC
ACHC
STRL
STRL
Q4 25
1.28×
Q3 25
0.74×
Q2 25
0.74×
Q1 25
0.72×
Q4 24
0.64×
Q3 24
0.62×
Q2 24
0.62×
Q1 24
0.65×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACHC
ACHC
STRL
STRL
Operating Cash FlowLast quarter
$-86.3M
$186.1M
Free Cash FlowOCF − Capex
$-179.5M
$159.7M
FCF MarginFCF / Revenue
-21.8%
21.1%
Capex IntensityCapex / Revenue
11.3%
3.5%
Cash ConversionOCF / Net Profit
2.12×
TTM Free Cash FlowTrailing 4 quarters
$-439.9M
$362.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACHC
ACHC
STRL
STRL
Q4 25
$-86.3M
$186.1M
Q3 25
$73.2M
$83.6M
Q2 25
$133.5M
$85.4M
Q1 25
$11.5M
$84.9M
Q4 24
$116.7M
$174.3M
Q3 24
$163.1M
$152.3M
Q2 24
$171.1M
$121.0M
Q1 24
$-321.3M
$49.6M
Free Cash Flow
ACHC
ACHC
STRL
STRL
Q4 25
$-179.5M
$159.7M
Q3 25
$-63.0M
$64.0M
Q2 25
$-34.2M
$72.1M
Q1 25
$-163.2M
$67.0M
Q4 24
$-86.8M
$158.6M
Q3 24
$-27.1M
$138.3M
Q2 24
$16.9M
$92.1M
Q1 24
$-463.7M
$27.2M
FCF Margin
ACHC
ACHC
STRL
STRL
Q4 25
-21.8%
21.1%
Q3 25
-7.4%
9.3%
Q2 25
-3.9%
11.7%
Q1 25
-21.2%
15.5%
Q4 24
-11.2%
31.8%
Q3 24
-3.3%
23.3%
Q2 24
2.1%
15.8%
Q1 24
-60.4%
6.2%
Capex Intensity
ACHC
ACHC
STRL
STRL
Q4 25
11.3%
3.5%
Q3 25
16.0%
2.9%
Q2 25
19.3%
2.2%
Q1 25
22.7%
4.2%
Q4 24
26.3%
3.1%
Q3 24
23.3%
2.4%
Q2 24
19.4%
5.0%
Q1 24
18.5%
5.1%
Cash Conversion
ACHC
ACHC
STRL
STRL
Q4 25
2.12×
Q3 25
2.02×
0.91×
Q2 25
4.43×
1.20×
Q1 25
1.37×
2.15×
Q4 24
3.58×
1.54×
Q3 24
2.39×
2.48×
Q2 24
2.18×
2.33×
Q1 24
-4.21×
1.60×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACHC
ACHC

Acute Inpatient Psychiatric Facilities$451.2M55%
Comprehensive Treatment Centers$144.2M18%
Medicare$113.7M14%
Residential Treatment Centers$89.7M11%
Self Payor$16.1M2%
Other Payor$10.7M1%

STRL
STRL

Lump Sum$464.9M62%
Heavy Highway$99.6M13%
Residential Construction$70.4M9%
Road And Highway Builders LLC$52.4M7%
Other Revenue$36.6M5%
Aviation$16.6M2%
Commercial$11.4M2%
Related Party$600.0K0%

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