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Side-by-side financial comparison of AMDOCS LTD (DOX) and STERLING INFRASTRUCTURE, INC. (STRL). Click either name above to swap in a different company.

AMDOCS LTD is the larger business by last-quarter revenue ($1.3B vs $755.6M, roughly 1.7× STERLING INFRASTRUCTURE, INC.). STERLING INFRASTRUCTURE, INC. runs the higher net margin — 11.6% vs 11.2%, a 0.4% gap on every dollar of revenue. On growth, STERLING INFRASTRUCTURE, INC. posted the faster year-over-year revenue change (51.5% vs 1.1%). Over the past eight quarters, STERLING INFRASTRUCTURE, INC.'s revenue compounded faster (31.0% CAGR vs 4.5%).

Amdocs Limited is a multinational telecommunications technology company headquartered in Chesterfield, Missouri. The company specializes in software and services for communications, media and financial services providers and digital enterprises. Amdocs was founded in 1982 and is publicly traded on the Nasdaq stock exchange.

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.

DOX vs STRL — Head-to-Head

Bigger by revenue
DOX
DOX
1.7× larger
DOX
$1.3B
$755.6M
STRL
Growing faster (revenue YoY)
STRL
STRL
+50.3% gap
STRL
51.5%
1.1%
DOX
Higher net margin
STRL
STRL
0.4% more per $
STRL
11.6%
11.2%
DOX
Faster 2-yr revenue CAGR
STRL
STRL
Annualised
STRL
31.0%
4.5%
DOX

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
DOX
DOX
STRL
STRL
Revenue
$1.3B
$755.6M
Net Profit
$140.3M
$87.6M
Gross Margin
21.7%
Operating Margin
14.1%
15.9%
Net Margin
11.2%
11.6%
Revenue YoY
1.1%
51.5%
Net Profit YoY
-12.0%
-22.6%
EPS (diluted)
$1.21
$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
DOX
DOX
STRL
STRL
Q4 25
$755.6M
Q3 25
$689.0M
Q2 25
$614.5M
Q1 25
$430.9M
Q4 24
$498.8M
Q3 24
$593.7M
Q2 24
$1.3B
$582.8M
Q1 24
$1.2B
$440.4M
Net Profit
DOX
DOX
STRL
STRL
Q4 25
$87.6M
Q3 25
$92.1M
Q2 25
$71.0M
Q1 25
$39.5M
Q4 24
$113.2M
Q3 24
$61.3M
Q2 24
$140.3M
$51.9M
Q1 24
$118.5M
$31.0M
Gross Margin
DOX
DOX
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
DOX
DOX
STRL
STRL
Q4 25
15.9%
Q3 25
18.2%
Q2 25
17.0%
Q1 25
13.0%
Q4 24
12.5%
Q3 24
14.7%
Q2 24
14.1%
12.5%
Q1 24
12.5%
9.6%
Net Margin
DOX
DOX
STRL
STRL
Q4 25
11.6%
Q3 25
13.4%
Q2 25
11.6%
Q1 25
9.2%
Q4 24
22.7%
Q3 24
10.3%
Q2 24
11.2%
8.9%
Q1 24
9.5%
7.1%
EPS (diluted)
DOX
DOX
STRL
STRL
Q4 25
$2.82
Q3 25
$2.97
Q2 25
$2.31
Q1 25
$1.28
Q4 24
$3.63
Q3 24
$1.97
Q2 24
$1.21
$1.67
Q1 24
$1.01
$1.00

Balance Sheet & Financial Strength

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

Metric
DOX
DOX
STRL
STRL
Cash + ST InvestmentsLiquidity on hand
$390.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
Total Assets
$2.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOX
DOX
STRL
STRL
Q4 25
$390.7M
Q3 25
$306.4M
Q2 25
$699.4M
Q1 25
$638.6M
Q4 24
$664.2M
Q3 24
$648.1M
Q2 24
$540.0M
Q1 24
$480.4M
Stockholders' Equity
DOX
DOX
STRL
STRL
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$881.7M
Q1 25
$805.4M
Q4 24
$808.1M
Q3 24
$716.5M
Q2 24
$670.7M
Q1 24
$644.6M
Total Assets
DOX
DOX
STRL
STRL
Q4 25
$2.6B
Q3 25
$2.6B
Q2 25
$2.2B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$2.0B
Q2 24
$2.0B
Q1 24
$1.8B

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOX
DOX
STRL
STRL
Q4 25
$186.1M
Q3 25
$83.6M
Q2 25
$85.4M
Q1 25
$84.9M
Q4 24
$174.3M
Q3 24
$152.3M
Q2 24
$121.0M
Q1 24
$49.6M
Free Cash Flow
DOX
DOX
STRL
STRL
Q4 25
$159.7M
Q3 25
$64.0M
Q2 25
$72.1M
Q1 25
$67.0M
Q4 24
$158.6M
Q3 24
$138.3M
Q2 24
$92.1M
Q1 24
$27.2M
FCF Margin
DOX
DOX
STRL
STRL
Q4 25
21.1%
Q3 25
9.3%
Q2 25
11.7%
Q1 25
15.5%
Q4 24
31.8%
Q3 24
23.3%
Q2 24
15.8%
Q1 24
6.2%
Capex Intensity
DOX
DOX
STRL
STRL
Q4 25
3.5%
Q3 25
2.9%
Q2 25
2.2%
Q1 25
4.2%
Q4 24
3.1%
Q3 24
2.4%
Q2 24
5.0%
Q1 24
5.1%
Cash Conversion
DOX
DOX
STRL
STRL
Q4 25
2.12×
Q3 25
0.91×
Q2 25
1.20×
Q1 25
2.15×
Q4 24
1.54×
Q3 24
2.48×
Q2 24
2.33×
Q1 24
1.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOX
DOX

Segment breakdown not available.

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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