Sterling Infrastructure, Inc.

STRLNASDAQIndustrials● Active

$889.71

+$7.28(+0.83%)

Market Cap$27.3B

P/E Ratio—

52W High$971.75

52W Low$191

Avg Volume577K

Open$894.34

Beta1.82

Free Cash Flow Financials Revenue

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

STRL · FCF · TTM · margin & CAGR

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

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

STRL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$440.0M(77M)$362.7M▼ 12.8%14.6%

FY2024$497.1M(81M)$416.1M▲ +0.5%19.7%

FY2023$478.6M(64M)$414.2M▲ +161.8%21.0%

FY2022$219.1M(61M)$158.2M▲ +40.9%8.9%

FY2021$158.9M(47M)$112.3M▲ +24.7%7.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

STRL · P/FCF · FCF yield · FCF per share

Sterling Infrastructure, Inc. (STRL) trades at a FCF yield of 1.63% and a price-to-free-cash-flow ratio of 61.7x. 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

x61.7

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

Cash flow statement summary

STRL · cash flow statement · operating / investing / financing

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 →

Free cash flow vs peers (Industrials)

STRL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Sterling Infrastructure, Inc.YOU

STRL

$362.7M-12.8%14.6%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

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 61.7x 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.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/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