Filing Flows › Sterling Infrastructure (STRL) › Q2 2026 › vs Q2 2025
Sterling Infrastructure (STRL) Q2 2026 vs Q2 2025 (year over year)
Sterling Infrastructure's revenue rose $554M (+90%) from $614M in Q2 2025 to $1.2B in Q2 2026. The biggest changes: E-Infrastructure Solutions Revenues +$595M (+192%); Transportation Solutions Revenues −$40.1M (-20%); Building Solutions Revenues −$779K (-0.7%). Gross margin 24.8% against 23.3% (+1.5 pts).
Sterling Infrastructure, Q2 2026: revenue $1.2B (+90% year over year), operating margin 18.8%, net earnings $156M, operating cash flow $162M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 24.8% | 23.3% | +1.5 pts |
| Operating margin | 18.8% | 17.0% | +1.8 pts |
| Net margin | 13.3% | 11.6% | +1.8 pts |
| Free cash flow margin | 9.6% | 11.7% | -2.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| E-Infrastructure Solutions Revenues | $905M | $310M | $595M | +192% |
| Transportation Solutions Revenues | $157M | $197M | −$40.1M | -20% |
| Building Solutions Revenues | $106M | $107M | −$779K | -0.7% |
| Revenue | $1.2B | $614M | $554M | +90% |
| Gross profit | $290M | $143M | $147M | +103% |
| Cost of revenue | $878M | $471M | $407M | +86% |
| Operating profit | $219M | $105M | $115M | +110% |
| Operating expenses | $70.7M | $38.6M | $32.1M | +83% |
| Pre-tax earnings | $220M | $106M | $114M | +107% |
| General & admin | $53.1M | $34.0M | $19.1M | +56% |
| Other operating costs | $17.6M | $4.6M | $13.0M | +283% |
| Net earnings | $156M | $71.0M | $84.8M | +120% |
| Minority interests | $12.8M | $8.1M | $4.7M | +58% |
| Income tax | $51.3M | $27.4M | $24.0M | +88% |
| Depreciation & amortization | $25.0M | $17.6M | $7.4M | +42% |
| Share-based compensation | $8.1M | $5.6M | $2.5M | +46% |
| Working capital & other | $26.5M | $8.8M | $17.7M | +202% |
| Operating cash flow | $162M | $85.4M | $77.0M | +90% |
| Free cash flow (OCF − capex) | $112M | $72.1M | $40.3M | +56% |
| Capital expenditures | $50.0M | $13.3M | $36.7M | +275% |
Questions
How much did Sterling Infrastructure's revenue grow year over year in Q2 2026?
Sterling Infrastructure's revenue rose $554M (+90%) from $614M in Q2 2025 to $1.2B in Q2 2026.
What drove Sterling Infrastructure's revenue change in Q2 2026?
E-Infrastructure Solutions Revenues +$595M (+192%); Transportation Solutions Revenues −$40.1M (-20%); Building Solutions Revenues −$779K (-0.7%).