Filing Flows › Sterling Infrastructure (STRL) › Q3 2026 › vs Q3 2025
Sterling Infrastructure (STRL) Q3 2026 vs Q3 2025 (year over year)
Sterling Infrastructure's revenue rose $875M (+127%) from $689M in Q3 2025 to $1.6B in Q3 2026. The biggest changes: E-Infrastructure Solutions Revenues +$886M (+212%); Building Solutions Revenues −$5.5M (-5%); Transportation Solutions Revenues −$5.3M (-3%). Gross margin 24.1% against 24.7% (-0.6 pts).
Sterling Infrastructure, Q3 2026: revenue $1.6B (+127% year over year), operating margin 19.6%, net earnings $215M, operating cash flow $99.1M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 24.1% | 24.7% | -0.6 pts |
| Operating margin | 19.6% | 18.2% | +1.4 pts |
| Net margin | 13.7% | 13.4% | +0.4 pts |
| Free cash flow margin | 3.4% | 9.3% | -5.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| E-Infrastructure Solutions Revenues | $1.3B | $417M | $886M | +212% |
| Transportation Solutions Revenues | $165M | $170M | −$5.3M | -3% |
| Building Solutions Revenues | $96.0M | $101M | −$5.5M | -5% |
| Revenue | $1.6B | $689M | $875M | +127% |
| Gross profit | $377M | $170M | $207M | +122% |
| Cost of revenue | $1.2B | $519M | $668M | +129% |
| Operating profit | $307M | $125M | $182M | +145% |
| Operating expenses | $70.4M | $44.9M | $25.5M | +57% |
| Pre-tax earnings | $306M | $127M | $179M | +141% |
| General & admin | $61.4M | $37.6M | $23.8M | +63% |
| Other operating costs | $9.1M | $7.3M | $1.8M | +24% |
| Net earnings | $215M | $92.1M | $123M | +133% |
| Minority interests | $14.7M | $4.2M | $10.5M | +248% |
| Income tax | $76.1M | $30.5M | $45.5M | +149% |
| Depreciation & amortization | $27.8M | $19.9M | $7.9M | +40% |
| Share-based compensation | $11.2M | $6.0M | $5.2M | +87% |
| Working capital & other | $155M | $34.3M | $120M | +351% |
| Operating cash flow | $99.1M | $83.6M | $15.4M | +18% |
| Free cash flow (OCF − capex) | $53.3M | $64.0M | −$10.7M | -17% |
| Capital expenditures | $45.8M | $19.7M | $26.2M | +133% |
Questions
How much did Sterling Infrastructure's revenue grow year over year in Q3 2026?
Sterling Infrastructure's revenue rose $875M (+127%) from $689M in Q3 2025 to $1.6B in Q3 2026.
What drove Sterling Infrastructure's revenue change in Q3 2026?
E-Infrastructure Solutions Revenues +$886M (+212%); Building Solutions Revenues −$5.5M (-5%); Transportation Solutions Revenues −$5.3M (-3%).