Filing Flows › Sterling Infrastructure (STRL) › Q1 2025
Sterling Infrastructure (STRL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Sterling Infrastructure (STRL) reported revenue of $431M for the first quarter 2025 (Q1 2025), -2% from a year earlier and -14% from the quarter before. Operating margin was 13.0%, net earnings $39.5M (9.2% of revenue).
Sterling Infrastructure, Q1 2025: revenue $431M (-2% year over year), operating margin 13.0%, net earnings $39.5M, operating cash flow $84.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $431M | -14% | -2% |
| Gross profit | $94.8M | -11% | +23% |
| Operating profit | $56.1M | -10% | +33% |
| Net earnings | $39.5M | -65% | +27% |
| Operating cash flow | $84.9M | -51% | +71% |
| Free cash flow | $67.0M | -58% | +147% |
What changed
Revenue was $430.9M in Q1 2025, down 2% year over year and down 14% from the previous quarter.
Gross margin was 22.0%, up 4.5 points from a year earlier. Operating profit was $56.1M, a 13.0% margin (up 3.4 points year over year). Operating expenses grew 11% against a revenue fall of 2%. The fastest-growing cost line was General & admin (+27%). Net earnings were $39.5M, up 27% year over year. The effective tax rate was 26.1%.
Operating cash flow was $84.9M (up 71% year over year), 199% of net income including minority interests. Non-cash charges added back $17.0M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items added $18.6M. Capital expenditures of $17.9M left free cash flow of $67.0M.
Questions
What was Sterling Infrastructure's revenue in the first quarter 2025?
Sterling Infrastructure (STRL) reported revenue of $431M for the first quarter 2025 (Q1 2025), -2% from a year earlier and -14% from the quarter before.
Was Sterling Infrastructure profitable in the first quarter 2025?
Operating profit was $56.1M (13.0% of revenue) and net earnings $39.5M.