Sterling Infrastructure, Inc. (STRL) Stock

Sterling Infrastructure, Inc. (STRL) is a Industrials stock trading at $668.71 (as of 2026-07-15), with a market capitalization of $20.52B and a trailing P/E of 66.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Sterling Infrastructure, Inc. provides transportation infrastructure and related e-infrastructure and building solutions, including work on highways, bridges, airports, ports, light rail, and water, wastewater, and storm drainage systems for government agencies and transportation and utility authorities. It also performs specialty site infrastructure improvements and concrete foundations for customers in e-commerce, data centers, energy, and residential and commercial construction markets.

Understand Sterling Infrastructure, Inc.: how it makes money

Sterling Infrastructure builds and rehabilitates transportation and e-infrastructure systems, including highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage, and it earns money by executing these projects for government and other public-sector authorities.

The business converts an incoming project pipeline into future work that shows up as remaining performance obligations, and revenue momentum is reflected in how quickly work is burned through (book-to-burn).

Revenue by segment (latest quarter)
E-Infra	$0.6B
Transportation	$0.2B

Business quality (Solid): Backlog and pipeline visibility are key for this contractor, with operational metrics provided (forward pipeline, remaining performance obligations, and book-to-burn) that can help track whether future work converts into deliverable revenue.

Valuation: At 72× earnings, STRL trades 139% above the Construction average (30×). Note: one-time items can distort reported P/E.

Bull case

Large forward pipeline for future work visibility: Forward Pipeline (Unsigned Plus Future Phase Visibility) is listed at USD_B 4.0.
Meaningful remaining performance obligations across major solution types: Transportation Solutions Remaining Performance Obligations are listed at USD_B 1.16, and E-Infrastructure Solutions Remaining Performance Obligations are listed at USD_B 0.87.

Bear case

Pipeline may not translate into award and executable work: If unsigned or future-phase opportunities do not become high-probability awards and remaining obligations, future revenue execution can weaken.
Timing and delivery execution risk: Book-to-burn can signal whether work is consuming resources as expected, and a deterioration could indicate execution challenges.

Valuation — source: SEC EDGAR (first-party)
Price	$668.71
Market Cap	$20.52B
P/E Ratio	66.2
EV / EBITDA	41.4
Price / Book	17.17
Price / Sales	8.02
FCF Yield	2.7%
DCF Value (model)	$119.60
DCF Upside vs Price	-82.1%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$2.49B
Net Margin	11.7%
Revenue Growth (YoY)	17.7%
EPS Growth (YoY)	13.8%
FCF Growth (YoY)	-12.8%

Financial Health — source: SEC EDGAR
Altman Z-Score	9.97 (safe)
Piotroski F-Score	5/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	66.2
Sector P/E (Industrials)	28.7
Industry P/E (Construction)	25.0
vs Sector	131.0%
vs Industry	165.4%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($1.62B)
Institutional Holders Tracked	10
Congressional Trades (recent)	8

Company
Sector	Industrials
Industry	Construction
CEO	Joseph A. Cutillo
Employees	3,200
Country	US
IPO Date	1991-07-12

Related Companies (Business model: Engineering & Construction Services; 8 closest by market cap; US-domiciled)

Data as of 2026-07-15.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.