Income StatementBalance SheetCash FlowSegments
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Sterling Infrastructure, Inc. Cash Flow Statement

Operating, investing, and financing cash movements

Sterling Infrastructure, Inc. generated $520.7M in operating cash flow over the trailing twelve months. After $79.0M in capital expenditures, free cash flow was $441.7M. Free cash flow decreased 0.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$520.7MNet Cash From Investing (TTM)-$515.4MNet Cash From Financing (TTM)-$132.1MCapital Expenditures (TTM)$79.0MDepreciation And Amortization Cf (TTM)$83.2MNet Change In Cash (TTM)-$341.7M
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$23.7B
P/E Ratio68.23
ROE34.75%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$6.4M$37.9M—$446.3M—$0.0
Capital expenditures$15.6M$17.9M$13.3M$19.7M$26.4M$19.6M
Proceeds from disposals of property, plant and equipment$2.3M$1.6M$1.1M$1.4M$1.7M$1.9M
Net cash from investing activities-$123.5M-$54.2M-$12.3M-$464.6M-$20.9M-$17.7M
Proceeds from sale of property, plant and equipment$2.3M$1.6M$1.1M$1.4M$1.7M$1.9M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain on sale of property, plant, and equipment$193.0K$782.0K$558.0K$1.2M$337.0K$739.0K
Amortization of debt issuance costs$269.0K$256.0K$216.0K$161.0K$154.0K$169.0K
Other working capital changes-$98.7M-$20.4M$27.9M$42.0M-$58.8M-$24.6M
Deferred income taxes$26.5M$650.0K$4.8M$3.8M$4.5M$1.9M
Depreciation and amortization$17.9M$17.0M$17.6M$19.9M$22.6M$23.0M
Distributions from equity method investments$0.0$0.0$10.3M$5.9M$7.6M$7.0M
Gain (loss) on sale of assets$193.0K$782.0K$558.0K$1.2M$337.0K$739.0K
Deconsolidation Gain (Loss)$91.3M$1.9M$3.8M$5.4M-$11.1M$1.7M
Net cash from operating activities$174.3M$84.9M$85.4M$83.6M$186.1M$165.6M
Net income$117.2M$42.6M$79.1M$96.3M$91.7M$103.8M
Non-cash interest expense$269.0K$256.0K$216.0K$161.0K$154.0K$169.0K
Distributions of earnings from equity method investees$0.0$0.0$10.3M$5.9M$7.6M$7.0M
Gain on sale of business and assets$0.0$4.0M$4.0M$4.0M$4.0M—
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital-$98.7M-$20.4M$27.9M$42.0M-$58.8M-$24.6M
Stock-based compensation$5.3M$6.7M$5.6M$6.0M$5.9M$7.5M
Loss on Sale of Subsidiary$0.0$4.0M$4.0M$4.0M$4.0M—

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures incurred but not yet paid$1.6M$1.5M$413.0K$2.4M$691.0K$3.6M
Capital expenditures incurred but not yet paid$1.6M$1.5M$413.0K$2.4M$691.0K$3.6M
Capital Expenditures Incurred but Not Yet Paid$1.6M$1.5M$413.0K$2.4M$691.0K$3.6M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Repayments of debt$6.6M$6.6M$10.7M$3.8M$3.8M$3.8M
Net cash from financing activities-$34.7M-$56.2M-$12.4M-$12.0M-$80.9M-$26.7M
Repurchases of common stock$20.0M$43.8M$0.0$4.7M$25.7M$12.3M
Taxes paid for net share settlement$8.0M$5.8M$358.0K$3.5M$11.4M$10.7M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$158.6M$67.0M$72.1M$64.0M$159.7M$145.9M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash$16.1M-$25.5M$60.7M-$393.0M—$121.1M
Accrued payables for capital expenditures$1.6M$1.5M$413.0K$2.4M$691.0K$3.6M
Payments From Deconsolidation, Net Of Cash$26.0M$0.0$0.0$0.0$0.0—