Sterling Infrastructure Q4 revenue rises 51%, beats estimates

Sterling Infrastructure

25/02/2026 21:30

Overview

Infrastructure firm's Q4 revenue rose 51%, beating analyst expectations

Adjusted net income for Q4 rose 78% to $96 mln

Company's backlog increased 78% to $3.01 bln

Outlook

Sterling Infrastructure projects 2026 revenue of $3.05 bln to $3.20 bln

Company expects 2026 net income of $365 mln to $384 mln

Sterling sees 2026 adjusted EBITDA between $626 mln and $659 mln

Result Drivers

CEC ACQUISITION - Contributed $129.1 mln to revenue and $488.9 mln to backlog in Q4

E-INFRASTRUCTURE GROWTH - Segment achieved 123% revenue growth and 91% adjusted operating income growth

TRANSPORTATION SOLUTIONS - Revenue increased 24% and adjusted operating income grew 103%, driven by Rocky Mountain market

Company press release: ID:nPn26qpBBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$755.61 mln
$640.27 mln (7 Analysts)
Q4 EBITDA
$140.60 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy."

Wall Street's median 12-month price target for Sterling Infrastructure Inc is $455.00, about 1% below its February 24 closing price of $459.72

The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 40 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)