olivLaw · US equity research
Sterling Infrastructure, Inc. STRL
Heavy Construction Other Than Bldg Const - Contractors · SIC 1600 · Vertical: Heavy Construction Other Than Bldg Const - Contractors (SIC 1600)
Sterling Infrastructure is a US contractor working in three segments: electrical and site infrastructure (E-Infrastructure), transportation and residential and commercial building. The company is expanding fast, with revenue of [2.49] billion dollars in 2025 and a backlog of [3.01] billion dollars at year end, which has since grown according to its August 2026 reporting.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Sterling Infrastructure, Inc. (STRL) stock was 283.66 USD (−21.46% on the day), with market capitalisation 8.7 bn USD, P/E 15.9 on diluted EPS of 17.82 USD over the last 12 months, beta 2.33, 52-week range 283.57–993.74 USD. Latest reported quarter (Q3 2026): revenue of 1.6 bn USD (+127.0% YoY), net income of 214.9 m USD (+133.4% YoY), diluted EPS 6.92 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 26.0
- oversold (≤ 30)
- Bollinger (20, 2)
- 280.66 – 534.20
- in the lower half of the band · %B 0.01 · band width 62.2%
- SMA 50 / 200
- 462.15 / 551.65
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -44.89 / -37.24
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −45.8% | −2.0% | −43.8 pp | — |
| 3 months | −47.1% | −2.2% | −44.9 pp | — |
| 6 months | −68.0% | +4.3% | −72.3 pp | — |
| Year to date | −7.4% | +10.6% | −17.9 pp | — |
| 1 year | −25.9% | +10.5% | −36.3 pp | −9.0% |
| 3 years | +273.4% | +73.7% | +199.8 pp | +52.0% |
| 5 years | +943.6% | +61.7% | +881.9 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 498.8 m | 430.9 m | 614.5 m | 689.0 m | 755.6 m | 825.7 m | 1.2 bn | 1.6 bn |
| Cost of revenue | 392.2 m | 336.1 m | 471.3 m | 518.8 m | 591.5 m | 631.4 m | 878.2 m | 1.2 bn |
| Gross profit | 106.7 m | 94.8 m | 143.1 m | 170.2 m | 164.1 m | 194.3 m | 290.0 m | 377.3 m |
| Operating income | 62.3 m | 56.1 m | 104.6 m | 125.3 m | 120.0 m | 137.8 m | 219.3 m | 306.8 m |
| Depreciation & amortisation | 17.9 m | 17.0 m | 17.6 m ≈ | 19.9 m ≈ | 22.6 m | 23.0 m | 25.0 m ≈ | 27.8 m ≈ |
| Income tax | 38.4 m | 15.1 m | 27.4 m | 30.5 m | 25.8 m | 33.7 m | 51.3 m | 76.1 m |
| Net income | 113.2 m | 39.5 m | 71.0 m | 92.1 m | 87.6 m | 96.0 m | 155.8 m | 214.9 m |
| Diluted EPS | 3.65 ≈ | 1.28 | 2.31 | 2.97 | 2.81 ≈ | 3.09 | 5.00 | 6.92 |
| Operating cash flow | 174.3 m | 84.9 m | 85.4 m ≈ | 83.6 m ≈ | 186.1 m | 165.6 m | 162.5 m ≈ | 99.1 m ≈ |
| Capex | 15.6 m | 17.9 m | 13.3 m ≈ | 19.7 m ≈ | 26.4 m | 19.6 m | 50.0 m ≈ | 45.8 m ≈ |
| Share repurchases | 20.0 m | 43.8 m | 0 ≈ | 4.7 m ≈ | 25.7 m | 12.3 m | 23.0 m ≈ | 72.0 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 56 percentile of its own 36-quarter history (min 5.7, median 14.6, max 60.5; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.0 bn | 1.1 bn | 1.2 bn | 1.4 bn | 1.8 bn | 2.0 bn | 2.1 bn | 2.5 bn |
| Revenue YoY | +8.3% | +8.5% | +8.9% | +15.3% | +25.1% | +11.5% | +7.3% | +17.7% |
| Net income | 29.5 m | 40.7 m | 42.3 m | 62.6 m | 106.5 m | 138.7 m | 257.5 m | 290.2 m |
| Net income YoY | +154.3% | +37.8% | +4.0% | +48.1% | +69.9% | +30.2% | +85.7% | +12.7% |
| Diluted EPS | 0.93 | 1.47 | 1.50 | 2.15 | 3.48 | 4.44 | 8.27 | 9.38 |
| Diluted EPS YoY | +116.3% | +58.1% | +2.0% | +43.3% | +61.9% | +27.6% | +86.3% | +13.4% |
| net % | 2.8% | 3.6% | 3.4% | 4.4% | 6.0% | 7.0% | 12.2% | 11.7% |
| Free cash flow | 26.3 m | 26.7 m | 90.0 m | 112.3 m | 158.2 m | 414.2 m | 416.2 m | 362.7 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 390.7 m USD
- Financial debt
- 291.0 m USD
- Net debt
- -99.7 m USD
- Equity
- 1.1 bn USD
- Total assets
- 2.6 bn USD
- Debt / equity
- 0.26x
- Current ratio
- 1.01x
- ROE
- 30.0%
- ROA
- 12.5%
- FCF margin
- 14.6%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.2 bn | 1.4 bn | 1.8 bn | 2.0 bn | 2.1 bn | 2.5 bn | SEC (XBRL)· 26 Feb 2026verified |
| Cost of revenue | 1.0 bn | 1.2 bn | 1.5 bn | 1.6 bn | 1.7 bn | 1.9 bn | SEC (XBRL)· 26 Feb 2026verified |
| Gross profit | 179.6 m | 203.5 m | 274.6 m | 337.6 m | 426.1 m | 572.3 m | SEC (XBRL)· 26 Feb 2026verified |
| Operating income | 92.6 m | 107.0 m | 159.9 m | 205.8 m | 264.6 m | 405.9 m | SEC (XBRL)· 26 Feb 2026verified |
| Depreciation & amortisation | 32.8 m | 34.2 m | 52.1 m | 57.4 m | 68.4 m | 77.1 m | SEC (XBRL)· 26 Feb 2026verified |
| EBITDA | 125.4 m ≈ | 141.2 m ≈ | 211.9 m ≈ | 263.2 m ≈ | 333.0 m ≈ | 483.0 m ≈ | SEC (XBRL)· 26 Feb 2026derived |
| Income tax | 19.4 m | 24.9 m | 41.7 m | 47.8 m | 87.4 m | 98.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Net income | 42.3 m | 62.6 m | 106.5 m | 138.7 m | 257.5 m | 290.2 m | SEC (XBRL)· 26 Feb 2026verified |
| Diluted EPS | 1.50 | 2.15 | 3.48 | 4.44 | 8.27 | 9.38 | SEC (XBRL)· 26 Feb 2026verified |
| Weighted average diluted shares | 28.2 m | 29.1 m | 30.6 m | 31.2 m | 31.1 m | 30.9 m | SEC (XBRL)· 26 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 47.7 m | 60.9 m | 181.5 m | 471.6 m | 664.2 m | 390.7 m | SEC (XBRL)· 26 Feb 2026verified |
| Current assets | 361.5 m | 434.7 m | 597.3 m | 848.0 m | 1.0 bn | 1.0 bn | SEC (XBRL)· 26 Feb 2026verified |
| Goodwill | 192.0 m | 258.3 m | 262.7 m | 281.1 m | 264.6 m | 585.2 m | SEC (XBRL)· 26 Feb 2026verified |
| Intangibles (excl. goodwill) | 244.9 m | 303.2 m | 299.1 m | 328.4 m | 316.4 m | 554.7 m | SEC (XBRL)· 26 Feb 2026verified |
| Total assets | 952.7 m | 1.2 bn | 1.4 bn | 1.8 bn | 2.0 bn | 2.6 bn | SEC (XBRL)· 26 Feb 2026verified |
| Accounts payable | 95.2 m | 112.7 m | 121.9 m | 146.0 m | 130.4 m | 226.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Short-term debt | 77.4 m | 23.4 m | 32.6 m | 26.5 m | 26.4 m | 15.1 m | SEC (XBRL)· 26 Feb 2026verified |
| Long-term debt | 291.2 m | 428.5 m | 398.7 m | 315.0 m | 289.9 m | 275.9 m | SEC (XBRL)· 26 Feb 2026verified |
| Current liabilities | 321.9 m | 351.8 m | 446.6 m | 678.2 m | 742.0 m | 1.0 bn | SEC (XBRL)· 26 Feb 2026verified |
| Total liabilities | 684.0 m | 874.5 m | 963.8 m | 1.2 bn | 1.2 bn | 1.5 bn | SEC (XBRL)· 26 Feb 2026verified |
| Equity | 268.7 m | 360.2 m | 477.8 m | 623.9 m | 826.5 m | 1.1 bn | SEC (XBRL)· 26 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 122.9 m | 158.9 m | 219.1 m | 478.6 m | 497.1 m | 440.0 m | SEC (XBRL)· 26 Feb 2026verified |
| Capex | 32.9 m | 46.7 m | 60.9 m | 64.4 m | 81.0 m | 77.3 m | SEC (XBRL)· 26 Feb 2026verified |
| Free cash flow | 90.0 m ≈ | 112.3 m ≈ | 158.2 m ≈ | 414.2 m ≈ | 416.2 m ≈ | 362.7 m ≈ | SEC (XBRL)· 26 Feb 2026derived |
| Investing cash flow | -30.5 m | -223.4 m | -89.8 m | -87.8 m | -185.8 m | -551.9 m | SEC (XBRL)· 26 Feb 2026verified |
| Financing cash flow | -70.3 m | 80.6 m | -32.8 m | -104.5 m | -118.6 m | -161.5 m | SEC (XBRL)· 26 Feb 2026verified |
| Share repurchases | 0 | 0 | 0 | 0 | 70.6 m | 74.2 m | SEC (XBRL)· 26 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 78 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 8.7 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation66
- Returns22
- Quality94
- Balance sheet77
- Growth100
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 231.86 – 922.00 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDA231.86 – 363.91 (Mid 291.38)4 companies used · median multiple 9.9x · quartiles 7.9x – 12.4xGVA, KBR, ORN, ROAD
- Peers: P/E571.18 – 922.00 (Mid 800.72)4 companies used · median multiple 44.9x · quartiles 32.1x – 51.7xJ, KBR, ORN, ROAD
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 78/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 52.5% | 100 (vs peers) | 12% |
| Net margin · Quality | 12.9% | 100 (vs peers) | 7% |
| FCF conversion · Quality | 85.0% | 79 (on a fixed band) | 7% |
| Revenue CAGR 3Y · Growth | 12.1% | 100 (on a fixed band) | 9% |
| EPS CAGR 3Y · Growth | 39.2% | 100 (on a fixed band) | 9% |
| Net debt / EBITDA · Balance sheet | -0.1x | 100 (vs peers) | 12% |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.0x | 20 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 15.9x | 64 (on a fixed band) | 12% |
| EV/EBITDA · Valuation | 9.7x | 67 (vs peers) | 12% |
| FCF yield · Valuation | 5.4% | 68 (on a fixed band) | 9% |
| Shareholder yield (distributions) · Returns | 1.5% | 22 (on a fixed band) | 7% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet77/100 · 2/3 factors with a value
- Growth100/100 · 2/2 factors with a value
- Quality94/100 · 3/3 factors with a value
- Returns· partial22/100 · 1/2 factors with a value
- Valuation66/100 · 3/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
STERLING INFRASTRUCTURE, INC. (STRL). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 2.5 bn USD in 2025; YoY growth 17.7%; net margin 12.9%; ROE 43.3%; net debt/EBITDA -0.1x.
The estimated value range is 401.52–642.96 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 546.05 USD, the price of 283.66 USD leaves a potential of 92.5% (value / price − 1) and a margin of safety of 48.1% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 78/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 52.5%
- Net margin: 12.9%
- FCF conversion: 85.0%
- Revenue CAGR 3Y: 12.1%
- EPS CAGR 3Y: 39.2%
- Net debt / EBITDA: -0.1x
- The price is below the estimated value range
What contradicts it
- Current ratio: 1.0x
- Shareholder yield (distributions): 1.5%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Interest coverage, Payout ratio (FCF).
Versus the vertical median
Heavy Construction Other Than Bldg Const - Contractors (SIC 1600) · same industry (4-digit SIC) · compared with 10 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| JJacobs Solutions Inc. | 18.7 bn | 54.2 | 9.6% | 2.4% | +4.6% | +19% / +52% |
| STRLSterling Infrastructure, Inc. | 8.7 bn | 15.9 | 43.3% | 12.9% | +17.7% | −26% / +273% |
| FLRFluor Corporation | 6.4 bn | — | -46.2% | -12.8% | −5.0% | +11% / +25% |
| GVAGranite Construction Inc | 5.8 bn | — | -25.2% | -5.0% | +10.4% | +23% / +188% |
| KBRKBR, Inc. | 5.0 bn | 11.4 | 27.4% | 5.7% | +1.0% | −4% / −23% |
| ROADConstruction Partners, Inc. | 1.9 bn | 38.9 | 15.0% | 4.1% | +54.2% | −9% / +137% |
| ORNOrion Group Holdings, Inc. | 318.8 m | 50.9 | 3.5% | 0.6% | +7.0% | −22% / +63% |
| SHIMShimmick Corporation | 98.8 m | — | — | -3.8% | +2.6% | −9% / −61% |
| SLNDSouthland Holdings, Inc. | 40.8 m | — | — | -67.0% | −21.2% | −76% / −86% |
| FERFerrovial N.V. | — | — | 14.8% | 9.2% | +5.2% | −10% / +79% |
| CDNLCardinal Infrastructure Group Inc | — | — | 7.4% | 2.7% | +44.7% | unavailable / unavailable |
1- and 3-year price returns: for STRL from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 183.97 Total return -35% · Per year -35% | 324.15 Total return 14% · Per year 14% | 486.76 Total return 72% · Per year 72% |
| 3 years | 206.72 Total return -27% · Per year -10% | 407.07 Total return 44% · Per year 13% | 667.03 Total return 135% · Per year 33% |
| 5 years | 232.28 Total return -18% · Per year -4% | 511.19 Total return 80% · Per year 13% | 914.06 Total return 222% · Per year 26% |
- Exit P/E± 101.77
- Net margin± 71.24
- Annual revenue growth± 54.52
- Annual dilution± 5.99
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 10-Q (29 Oct 2026), 8-K (28 Oct 2026 · results).
In brief
Sterling Infrastructure is a US contractor working in three segments: electrical and site infrastructure (E-Infrastructure), transportation and residential and commercial building. The company is expanding fast, with revenue of [2.49] billion dollars in 2025 and a backlog of [3.01] billion dollars at year end, which has since grown according to its August 2026 reporting.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Dependence on large customershigh
A small number of customers generate a significant share of revenue, and losing one could have a material adverse effect 1.
- Cost estimation errorshigh
If actual costs exceed bid estimates, fixed-price contracts could generate losses or lower profit 1.
- Acquisition integrationmedium
Integrating CEC and Stone Ridge could face unexpected operational or financial difficulties 2.
- Weather conditionsmedium
Long winters and extreme weather can delay work and reduce contract profitability 1.
- IT securitylow
Disruptions or cyber-attacks on IT systems could interrupt operations and data 1.
Investment thesis
What would need to be true (bull case)
What to watch
- Backlog trends and book-to-burn ratiosQ3 2026
- Stone Ridge integration and E-Infrastructure marginsQ3 2026
- Delivery against 2026 guidance for revenue and adjusted EPS2026
- Demand for homebuilding in Texas and Arizonanext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 10-Q (29 Oct 2026), 8-K (28 Oct 2026 · results).
The business
Sterling operates through several subsidiaries in three segments: E-Infrastructure Solutions, which provides large-scale site development and mission-critical electrical services for data centers, semiconductor fabs and warehouses 1; Transportation Solutions, covering highways, airports, ports, rail and storm drainage 1; and Building Solutions, which includes concrete foundations for homes and commercial buildings, plus plumbing services 1. Since 2016 the company has focused on reducing risk, cutting low-bid heavy highway work from about 79% of revenue to 9% at December 31, 2025 1.
Its strategy has four pillars: solidifying the base, growing high-margin products, expanding into adjacent markets through acquisitions, and building a platform for future growth 1. Acquisitions have been central: CEC Facilities Group, a specialty electrical and mechanical contractor, was bought in September 2025, and Stone Ridge Contracting, a site development contractor, in June 2026 12. Both sit in the E-Infrastructure segment 23.
Customers are mostly large data center and industrial companies, state transportation departments and large homebuilders 1. Contracts are usually fixed-unit price or lump sum, which shifts more risk onto the company, and most backlog is completed within 6 to 36 months 1. At December 31, 2025 the company had about 4,400 employees 1.
Segments
Building Solutions
A segment with 15% of 2025 revenue and an operating margin of 10.2%, down from the prior year 1. Activity depends on new home starts, especially in Dallas-Fort Worth; demand has weakened since the second half of 2024 due to housing affordability 1. Second quarter 2026 revenue dipped slightly, by 1% 3.
Market context
The company operates in US infrastructure markets, mainly in the Southern, Northeastern, Mid-Atlantic and Rocky Mountain regions 1. Demand from data centers and high-tech manufacturing is supported by multi-year capital plans from large customers 1. Guidance for 2026 points to revenue between 4.00 and 4.15 billion dollars, which would be a significant increase over 2025 3.
The transportation market remains supported by state and federal funding, while the residential market is more fragile because of housing affordability 13. Competition is fragmented: small local firms and large international contractors can move into the mid-level segment if the market weakens, which could increase pricing pressure 1.
Trends
- Data center and AI investmenttailwind
Building data centers for cloud and artificial intelligence creates large multi-year projects for E-Infrastructure 1. If these capital plans hold, backlog could keep growing 3.
- Public infrastructure fundingmixed
Federal and state funds support transportation projects, and the company expects the market to stay strong in 2026 1. However, funding depends on budgets and policy, which can change contract timing 1.
- Housing affordabilityheadwind
Demand from homebuilders has declined since 2024 and could stay weak for a period, according to management 13. Long-term growth remains possible if population growth and housing shortages support demand 1.
- Material and labor costsheadwind
Prices for materials and fuel, along with labor shortages, can erode margins, especially on fixed-price contracts 1. If these costs cannot be passed on, profitability could decline 1.
Competitive position
The company positions itself in the mid-level market, competing with small local contractors and large national or international firms 1. Competitors with greater financial resources or lower margin requirements can reduce the company's chances of winning new backlog at acceptable margins 2.
In transportation, competition for road work is intense, and price pressure could reduce margins on won contracts 1. If the market weakens, both small and large firms could move into the company's segment, intensifying bidding 1.
- Local and regional site development contractors
Compete for smaller work and could move into the mid-level segment if the market weakens 1.
- Large national and international construction firms
Compete for large projects and may have greater financial resources 12.
- Specialty electrical and mechanical contractors
Compete for electrical services to data centers and factories, a segment where CEC was acquired 1.
- Homebuilders and foundation contractors
Compete in residential markets in Texas and Arizona, where activity depends on the housing cycle 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Samaya AI Releases Sterling: A 3B-Active Finance Research Agent Model that Beats Claude Fable 5.1 on FrontierFinance at 11x Lower CostMarkTechPost (Asia AI) · 30 Oct 2026 · EN
- Sterling Anderson doesn’t think humanoid robots should be building carsThe Verge · 27 Oct 2026 · EN
- Nuveen Plans Dollar Bonds, Debut in Sterling for Schroders DealBloomberg Markets · 21 Sept 2026 · EN
- Amazon (AMZN)’s Debut Sterling Bond Sale Prices Bigger, But Demand Cools from Alphabet’sYahoo Finance — News · 20 Sept 2026 · EN
- Ex-England soccer player Sterling admits dangerous drivingCNA (Channel NewsAsia) · 15 Sept 2026 · EN
- Raheem Sterling pleads guilty to dangerous driving and possession of nitrous oxideThe Guardian World · 15 Sept 2026 · EN
- Amazon raises £4.25 billion in debut sterling bond sale for AIYahoo Finance — News · 09 Sept 2026 · EN
- You Can Now Book the 'Sterling Point' Cottage on Airbnb—and the Inside Might Surprise YouConde Nast Traveler · 09 Sept 2026 · EN
- Amazon raises almost $6 billion in first sterling bond sale, lead manager saysCNA (Channel NewsAsia) · 09 Sept 2026 · EN
- Amazon set to raise over $5 billion in first sterling bond sale, lead managers sayCNA (Channel NewsAsia) · 09 Sept 2026 · EN
- Amazon will raise $5.8 billion in first sterling bond sale, lead managers sayCNA (Channel NewsAsia) · 09 Sept 2026 · EN
- Sterling Rises as Markets Raise BOE Rate Hike ExpectationsYahoo Finance — News · 09 Sept 2026 · EN
- Amazon hires banks for first ever sterling bond saleCNA (Channel NewsAsia) · 08 Sept 2026 · EN
- Her Mother’s Sterling Silver Sat in a Sideboard for 50 Years. She Sold It at a Record Price, and Medicare Could Double Her 2028 Premium.Yahoo Finance — News · 03 Sept 2026 · EN
- Benzema, Pogba, Sancho and Sterling: What now for football’s free agents?Al Jazeera — World · 03 Sept 2026 · EN
- England footballer Sterling charged with dangerous driving after collisionAl Jazeera English · 26 Aug 2026 · EN
- Raheem Sterling charged with dangerous driving and nitrous oxide possessionThe Guardian World · 26 Aug 2026 · EN
- AT&T Kick Starts Sale of Five-Part Euro, Sterling Bond OfferingBloomberg Markets · 27 Jul 2026 · EN
- James Bond Studio Pinewood in Talks on Sterling Debt SaleBloomberg Markets · 13 Jul 2026 · EN
- Goldman Says UK’s Sterling Now the Most Overvalued G10 CurrencyBloomberg Markets · 19 Jun 2026 · EN
SEC filings
- Quarterly report29 Oct 2026
- Current report28 Oct 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report05 Oct 2026Regulation FD disclosure · Financial statements and exhibits
- Quarterly report04 Aug 2026
- Current report03 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report10 Jul 2026Departure or appointment of officers
- Current report08 Jul 2026Material agreement · Creation of a direct financial obligation · Regulation FD disclosure · Financial statements and exhibits
- Current report09 Jun 2026Regulation FD disclosure · Financial statements and exhibits
- Current report21 May 2026Departure or appointment of officers
- Current report12 May 2026Regulation FD disclosure
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Sterling Infrastructure, Inc. · 26 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Sterling Infrastructure, Inc. · 04 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Sterling Infrastructure, Inc. · 03 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.