Sterling Infrastructure Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $155.8M | $96.0M | $87.6M | $92.1M | $71.0M | $39.5M | $113.2M | $61.3M |
| Depreciation & Amortization | $25.0M | $23.0M | $22.6M | $19.9M | $17.6M | $17.0M | $17.9M | $17.4M |
| Depreciation | $17.5M | $15.9M | $15.5M | $13.9M | $13.1M | $12.5M | $13.7M | $13.1M |
| Amortization | $7.5M | $7.1M | $7.1M | $6.0M | $4.5M | $4.5M | $4.2M | $4.3M |
| Stock-Based Compensation | $8.1M | $7.5M | $5.9M | $6.0M | $5.6M | $6.7M | $5.3M | $4.4M |
| Net Cash from Operating Activities | $162.5M | $165.6M | $186.1M | $83.6M | $85.4M | $84.9M | $174.3M | $152.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $50.0M | $19.6M | $26.4M | $19.7M | $13.3M | $17.9M | $15.6M | $14.0M |
| Business Acquisitions | $140.0M | $0 | $-1.8M | $446.3M | $0 | $37.9M | $6.4M | $3.8M |
| Net Cash from Investing Activities | $-188.8M | $-17.7M | $-20.9M | $-464.6M | $-12.3M | $-54.2M | $-123.5M | $-16.9M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $23.0M | $12.3M | $25.7M | $4.7M | $0 | $43.8M | $20.0M | $20.5M |
| Net Cash from Financing Activities | $-21.0M | $-26.7M | $-80.9M | $-12.0M | $-12.4M | $-56.2M | $-34.7M | $-27.2M |
| Net Change in Cash | $-47.4M | $121.1M | $84.3M | $-393.0M | $60.7M | $-25.5M | $16.1M | $108.1M |
| Free Cash Flow | $112.4M | $145.9M | $159.7M | $64.0M | $72.1M | $67.0M | $158.6M | $138.3M |