Sterling Infrastructure, Inc. reported significant financial growth in its 2025 fiscal year, with revenues reaching $2.49 billion, a 17.7% increase from $2.12 billion in 2024. The company’s gross profit also rose to $572.3 million, up 34.3% from the previous year, resulting in a gross margin of 23.0%, compared to 20.1% in 2024. This growth was primarily driven by a substantial increase in the E-Infrastructure Solutions segment, which saw revenues rise by 58.8% to $1.47 billion, bolstered by the acquisition of CEC Facilities Group, LLC, which contributed approximately $170.4 million in revenue since its acquisition in September 2025.
In addition to revenue growth, Sterling Infrastructure made strategic changes to its operations, including the deconsolidation of its 50% owned subsidiary, Road and Highway Builders, LLC (RHB), effective January 1, 2025. This change required the company to report its share of RHB’s income as a single line item in its financial statements, impacting its consolidated revenue figures. The company also completed the acquisition of Drake Concrete, LLC for $25 million, further expanding its footprint in the Dallas-Fort Worth market.
Operationally, Sterling Infrastructure's backlog increased significantly to $3.01 billion as of December 31, 2025, compared to $1.69 billion a year earlier. This growth reflects a book-to-burn ratio of 1.6x, indicating strong demand for its services. The company’s employee count stood at approximately 4,400, with a focus on enhancing productivity and safety across its operations. The E-Infrastructure Solutions segment accounted for a substantial portion of the backlog, with margins improving to 17.8% from 16.7% in the previous year.
Looking ahead, Sterling Infrastructure anticipates continued growth driven by federal and state infrastructure funding, particularly from the Infrastructure Investments and Jobs Act, which is expected to sustain high levels of transportation project funding. The company aims to further solidify its market position by focusing on high-margin projects and expanding its geographic reach. However, it also acknowledges potential risks, including economic fluctuations and supply chain challenges, which could impact its operational performance and profitability.
About STERLING INFRASTRUCTURE, INC.
Sterling Infrastructure, Inc. provides construction services across three segments: E-Infrastructure, Transportation, and Building Solutions. It specializes in site development, highway and infrastructure projects, and residential and commercial concrete work. Serving primarily U.S. government agencies, large corporations, and homebuilders, the company focuses on high-margin projects, strategic acquisitions, and risk management within a competitive, cyclical industry.
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