Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $690M | $958M | $1.04B | $1.13B | $1.23B | $1.41B | $1.77B | $1.97B | $2.12B | $2.49B |
| Revenue growth | — | 38.8% | 8.3% | 8.5% | 8.9% | 15.3% | 25.1% | 11.5% | 7.3% | 17.7% |
| Gross profit | $42.1M | $89.1M | $110M | $108M | $180M | $204M | $275M | $338M | $426M | $572M |
| Gross margin | 6.1% | 9.3% | 10.6% | 9.6% | 14.6% | 14.4% | 15.5% | 17.1% | 20.1% | 23.0% |
| Operating income | -$4.73M | $26.2M | $42.6M | $37.8M | $92.6M | $107M | $160M | $206M | $265M | $406M |
| Operating margin | -0.7% | 2.7% | 4.1% | 3.4% | 7.5% | 7.6% | 9.0% | 10.4% | 12.5% | 16.3% |
| Net income | -$9.24M | $11.6M | $29.5M | $40.7M | $42.3M | $62.6M | $106M | $139M | $257M | $290M |
| Net margin | -1.3% | 1.2% | 2.8% | 3.6% | 3.4% | 4.4% | 6.0% | 7.0% | 12.2% | 11.7% |
| EPS (diluted) | -$0.40 | $0.43 | $0.93 | $1.47 | $1.50 | $2.15 | $3.48 | $4.44 | $8.27 | $9.38 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $44.3M | $24.8M | $39.5M | $42.1M | $123M | $159M | $219M | $479M | $497M | $440M |
| Capital expenditures | $10.9M | $9.42M | $13.2M | $15.4M | $32.9M | $46.7M | $60.9M | $64.4M | $81.0M | $77.3M |
| Free cash flow | $33.4M | $15.3M | $26.3M | $26.7M | $90.0M | $112M | $158M | $414M | $416M | $363M |
| Share buybacks | $0.00 | $0.00 | $4.73M | $3.20M | $0.00 | $0.00 | $0.00 | $0.00 | $70.6M | $74.2M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $42.8M | $84.0M | $94.1M | $45.7M | $47.7M | $60.9M | $182M | $472M | $664M | $391M |
| Total assets | $302M | $463M | $483M | $935M | $953M | $1.23B | $1.44B | $1.78B | $2.02B | $2.63B |
| Total liabilities | — | — | $310M | $713M | $684M | $875M | $964M | $1.15B | $1.19B | $1.53B |
| Long-term debt | $1.55M | $86.2M | $79.1M | $391M | $291M | $429M | $399M | $315M | $290M | $276M |
| Shareholders' equity | $107M | $141M | $164M | $220M | $267M | $359M | $475M | $619M | $808M | $1.11B |
| Retained earnings | -$102M | -$90.1M | -$64.9M | -$25.0M | $17.3M | $79.9M | $186M | $325M | $582M | $873M |
| Shares (wtd avg diluted) | 23.1M | 26.7M | 27.2M | 27.1M | 28.2M | 29.1M | 30.6M | 31.2M | 31.1M | 30.9M |
Every figure is extracted from STERLING INFRASTRUCTURE, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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