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STRL (Sterling Infrastructure) Gross Profit : $411 Mil (TTM As of Sep. 2024)


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What is Sterling Infrastructure Gross Profit?

Sterling Infrastructure's gross profit for the three months ended in Sep. 2024 was $130 Mil. Sterling Infrastructure's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $411 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Sterling Infrastructure's gross profit for the three months ended in Sep. 2024 was $130 Mil. Sterling Infrastructure's Revenue for the three months ended in Sep. 2024 was $594 Mil. Therefore, Sterling Infrastructure's Gross Margin % for the quarter that ended in Sep. 2024 was 21.86%.

Sterling Infrastructure had a gross margin of 21.86% for the quarter that ended in Sep. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Sterling Infrastructure was 19.55%. The lowest was 4.43%. And the median was 10.10%.


Sterling Infrastructure Gross Profit Historical Data

The historical data trend for Sterling Infrastructure's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sterling Infrastructure Gross Profit Chart

Sterling Infrastructure Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 107.79 179.63 203.53 274.57 337.64

Sterling Infrastructure Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 91.87 91.76 76.90 112.74 129.80

Competitive Comparison of Sterling Infrastructure's Gross Profit

For the Engineering & Construction subindustry, Sterling Infrastructure's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sterling Infrastructure's Gross Profit Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sterling Infrastructure's Gross Profit distribution charts can be found below:

* The bar in red indicates where Sterling Infrastructure's Gross Profit falls into.



Sterling Infrastructure Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Sterling Infrastructure's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=1972.229 - 1634.591
=338

Sterling Infrastructure's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=593.741 - 463.942
=130

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $411 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Sterling Infrastructure's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=130 / 593.741
=21.86 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Sterling Infrastructure  (NAS:STRL) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Sterling Infrastructure had a gross margin of 21.86% for the quarter that ended in Sep. 2024 => Competition eroding margins


Sterling Infrastructure Gross Profit Related Terms

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Sterling Infrastructure Business Description

Traded in Other Exchanges
Address
1800 Hughes Landing Boulevard, Suite 250, The Woodlands, TX, USA, 77380
Sterling Infrastructure Inc is a construction company that specializes in heavy civil infrastructure construction and infrastructure rehabilitation as well as residential construction projects. The company operates in three reportable segments namely, Transportation Solutions, E-Infrastructure Solutions, and Building Solution. Transportation Solutions include highways, roads, bridges, airfields, ports, light rail, and others. Building Solution projects include concrete foundations for single-family homes. E-Infrastructure Solutions include the services which are provided to large, blue-chip companies in the e-commerce, data center, distribution center, and warehousing, energy, mixed-use, and multi-family sectors. The majority of the revenue is generated from E-Infrastructure Solutions. .
Executives
Ronald A Ballschmiede officer: EVP & CFO 1800 HUGHES LANDING BLVD, SUITE 250, THE WOODLANDS TX 77380
Joseph A Cutillo officer: Chief Executive Officer 1800 HUGHES LANDING BLVD, SUITE 250, THE WOODLANDS TX 77380
Mark D. Wolf officer: General Counsel, Corporate Sec 770 SOUTH POST OAK LANE, SUITE 405, C/O U.S. WELL SERVICES, INC., HOUSTON TX 77056
Julie Dill director 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207
Dwayne Andree Wilson director 6700 LAS COLINAS BOULEVARD, IRVING TX 75039
Roger A Cregg director 100 BLOOMFIELD HILL PARKWAY, STE 300, BLOOMFIELD HILLS MI 48304
Raymond F Messer director 1800 HUGHES LANDING BLVD., SUITE 250, THE WOODLANDS TX 77380
Dana C. O'brien director 1111 LOUISIANA STREET, HOUSTON TX 77002
Thomas M White director C/O APOLLO MANAGEMENT, 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Marian M Davenport director 1800 HUGHES LANDING BLVD., SUITE 250, THE WOODLANDS TX 77380
Milton L Scott director
Charles R. Patton director 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Richard O Schaum director 388 WARREN COURT, BIRMINGHAM MI 48009
Craig B Allen officer: SVP & CHRO/CCO 1800 HUGHES LANDING BLVD, STE 250, THE WOODLANDS TX 77380
Wadsworth Con L officer: EVP & Chief Operating Officer 1800 HUGHES LANDING BLVD, SUITE 250, THE WOODLANDS TX 77380