The strong guidance and backlog growth suggest continued momentum in data center and mission-critical infrastructure markets. Traders should monitor execution on the large backlog and margin expansion in the Transportation segment as the Texas highway business downsizes.
Price Chart
Executive Summary
Sterling Infrastructure reported strong fourth quarter and full year 2025 results, driven by the CEC acquisition and organic growth in its E-Infrastructure segment. Adjusted EPS grew 78% YoY in Q4 and 53% for the full year, with record backlog growth of 78%. The company issued bullish 2026 guidance projecting 25% revenue growth and 26% EPS growth, signaling strong momentum in mission-critical infrastructure markets.
Key Financial Metrics
Key Facts
- Adjusted EPS of $3.08 in Q4 2025, up 78% YoY
- Full year 2025 adjusted EPS of $10.88, up 53% YoY
- Backlog grew 78% YoY to $3.01 billion
- 2026 guidance calls for $3.05-$3.20B revenue (25% growth) and $11.65-$12.25 EPS
- E-Infrastructure segment revenue grew 123% in Q4, driven by CEC acquisition and data center demand
Financial Impact
Revenue growth of 32% (adjusted) and EPS growth of 53% in 2025, with 2026 guidance projecting $3.13B midpoint revenue and $11.95B midpoint adjusted EBITDA
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| E-Infrastructure Solutions | $1.5B | +59.0% |
| Transportation Solutions | $640.7M | -18.1% |
| Building Solutions | $382.6M | -6.3% |
Risk Factors
- Building Solutions segment revenue declined 9% and adjusted operating income fell 35% due to housing market softness
- Execution risk on large backlog, particularly in the high-growth E-Infrastructure segment
- Dependence on continued strength in data center and semiconductor markets
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000874238-26-000018 |
| Document: a20260225ex992presentati.htm | 0000874238-26-000018 |
| Document: strl-20260225.htm | 0000874238-26-000018 |
| Document: 0000874238-26-000018-index-headers.html | 0000874238-26-000018 |
| Document: 0000874238-26-000018-index.html | 0000874238-26-000018 |
| Document: 0000874238-26-000018.txt | 0000874238-26-000018 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $372.83 | awaiting T+60 | — | $368.59 (+1.14%) |
Oct 7, 2026 19d ago | 3 | $518.41 | awaiting T+60 | — | $368.59 (−28.90%) |
Oct 5, 2026 22d ago | 8-K | $523.33 | awaiting T+60 | — | $368.59 (−29.57%) |
Jul 10, 2026 15w ago | 8-K | $660.04 $563.69 | ▼ −14.60% | ▼ −18.59% | $368.59 (−44.16%) |
Jun 9, 2026 20w ago | 8-K | $842.01 $457.60 | ▼ −45.65% | ▼ −49.47% | $368.59 (−56.22%) |
May 21, 2026 22w ago | 8-K | $732.94 $554.76 | ▼ −24.31% | ▼ −27.50% | $368.59 (−49.71%) |
Apr 8, 2026 28w ago | 8-K | $435.65 $717.11 | ▲ +64.61% | ▲ +53.83% | $368.59 (−15.39%) |
Mar 25, 2026 30w ago | DEFA14A | $415.93 $841.01 | ▲ +102.20% | ▲ +88.25% | $368.59 (−11.38%) |
Mar 9, 2026 33w ago | Insider Cluster | $411.53 $993.74 | ▲ +141.47% | ▲ +129.67% | $368.59 (−10.43%) |
Mar 5, 2026 33w ago | Insider Cluster | $398.87 $845.39 | ▲ +111.95% | ▲ +100.65% | $368.59 (−7.59%) |
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