Companies: 10,795·Total market cap: $144.5T
Sterling Infrastructure, Inc.

Sterling Infrastructure, Inc.

STRLNASDAQIndustrials● Active
$884.69
+$2.26(+0.26%)
Market Cap$27.1B
P/E Ratio—
52W High$971.75
52W Low$191
Free Cash FlowFinancialsRevenue

Sterling Infrastructure, Inc. (STRL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

STRL · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was $362.7M for FY2025 (fiscal year ending 2025-12-31), down 12.8% year-over-year The FCF margin was 14.6%. Five-year CAGR stands at +32.1%.

FY2025 Free Cash Flow$362.7M▼ -12.8% YoY
Trailing 12M (TTM)$440.2Mtrailing 4 quarters sum
FCF Margin14.6%$362.7M ÷ revenue
3-Year CAGR+31.9%FY2022 → FY2025
5-Year CAGR+32.1%FY2020 → FY2025
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
strl free cash flow history · strl free cash flow chart · strl free cash flow growth rate · strl free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$362.7M▼ 12.8%14.6%
FY2024$416.1M▲ +0.5%19.7%
FY2023$414.2M▲ +161.8%21.0%
FY2022$158.2M▲ +40.9%8.9%
FY2021$112.3M▲ +24.7%7.9%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
strl free cash flow 2025 · strl free cash flow 2024 · strl free cash flow 2023 · strl operating cash flow

FCF valuation metrics

Sterling Infrastructure, Inc. (STRL) trades at a FCF yield of 1.63% and a price-to-free-cash-flow ratio of 61.4x. FCF per share stands at $14.41, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
1.63%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$14.41
TTM FCF ÷ Shares Outstanding
Price / FCF
x61.4
Share Price ÷ FCF per Share
EV / FCF (TTM)
x61.1
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
strl price to free cash flow · strl free cash flow yield · strl free cash flow per share · strl price to cash flow ratio

Cash flow statement summary

For FY2025, Sterling Infrastructure, Inc. generated $440.0M in operating cash flow and spent 77M in capital expenditures, yielding $362.7M in free cash flow.

Operating Activities
+$440.0M
Cash from core business operations
2025-12-31
Investing Activities
−$551.9M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
−$161.5M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($440.0M) − |CapEx| (77M) = FCF ($362.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
strl cash flow statement · strl cash flow statement 2025 · strl operating cash flow · strl cash flow from operations

Free cash flow vs peers (Industrials)

#CompanyFree Cash FlowYoY
#1
Sterling Infrastructure, Inc.
Sterling Infrastructure, Inc.YOU
STRL
$362.7M-12.8%
#2
Caterpillar Inc.
Caterpillar Inc.
CAT
$10.27B+16.5%#3
RTX Corporation
RTX Corporation
RTX
$7.94B+75.1%#4
GE Aerospace
GE Aerospace
GE
$7.26B+97.5%#5
The Boeing Company
The Boeing Company
BA
−$1.88B+87.0%#6
Space Exploration Technologies Corp.
Space Exploration Technologies Corp.
SPCX
−$13.95B-159.0%
Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Sterling Infrastructure, Inc. (STRL) reported free cash flow of $362.7M for FY2025 (fiscal year ending 2025-12-31), down 12.8% year-over-year. The FCF margin was 14.6%.

Based on available data, Sterling Infrastructure, Inc. has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $416.1M in FY2024. The 5-year CAGR stands at +32.1%.

Sterling Infrastructure, Inc.'s FCF yield is 1.63% and price-to-FCF ratio is 61.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

STRL free cash flow · 8 questions

Sterling Infrastructure, Inc. free cash flow was $362.7M for FY2025, down 12.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $440.2M.

STRL free cash flowSTRL FCFSTRL FCF 2025STRL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Sterling Infrastructure, Inc. · Sterling Infrastructure, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026