Sterling Infrastructure (STRL) Cost of Revenue (2011 - 2026)
Sterling Infrastructure (STRL) recorded Cost of Revenue of $878.22 million in Q2 2026, up 86.3% from $471.33 million a year earlier and up 39.1% from the prior quarter.
Powered by 
Analysis
Sterling Infrastructure (STRL) Cost of Revenue (2011 - 2026) Analysis & Trends
On a TTM basis, Sterling Infrastructure's Cost of Revenue came in at $2.62 billion as of Jun 30, 2026, up 57.5% year-over-year; for FY2025, it was $1.92 billion, up 13.5% from FY2024.
- Annual Cost of Revenue has increased for ten straight years, with a five-year compound annual growth rate of 12.9% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $1.69 billion in FY2024 (+3.4%), $1.63 billion in FY2023 (+9.3%), $1.49 billion in FY2022 (+23.5%) and $1.21 billion in FY2021 (+15.6%).
- The Q2 2026 figure is the highest quarterly Cost of Revenue in data going back to Q1 2011.
- On a year-over-year basis, Cost of Revenue has increased for five consecutive quarters, with growth averaging 28.5% over the last eight quarters.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 100.3% in Q4 2022, against a decline of 7.5% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $631.38 million (Q1 2026), $591.5 million (Q4 2025) and $518.8 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 101.70 Bn | 99.89 Bn | 1.55 Bn | 8.01 Bn |
| 2 | Ferrovial | 38.65 Bn | 19.25 Bn | - | - |
| 3 | Emcor | 34.80 Bn | 31.19 Bn | 1.02 Bn | 4.13 Bn |
| 4 | Mastec | 17.34 Bn | 16.24 Bn | 556.28 Mn | 3.82 Bn |
| 5 | Sterling Infrastructure | 16.37 Bn | 14.73 Bn | 289.96 Mn | 878.22 Mn |
| 6 | Jacobs Solutions | 16.17 Bn | 10.82 Bn | 810.70 Mn | 3.27 Bn |
| 7 | IES Holdings | 13.52 Bn | 12.39 Bn | 340.66 Mn | 902.04 Mn |
| 8 | Dycom Industries | 8.20 Bn | 7.33 Bn | - | - |
| 9 | Stantec | 7.70 Bn | 7.70 Bn | - | - |
| 10 | Aecom | 7.68 Bn | 3.00 Bn | -34.04 Mn | 3.62 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 878.22 Mn |
| Mar 31, 2026 | 631.38 Mn |
| Dec 31, 2025 | 591.50 Mn |
| Sep 30, 2025 | 518.80 Mn |
| Jun 30, 2025 | 471.33 Mn |
| Mar 31, 2025 | 336.11 Mn |
| Dec 31, 2024 | 392.16 Mn |
| Sep 30, 2024 | 463.94 Mn |
| Jun 30, 2024 | 470.08 Mn |
| Mar 31, 2024 | 363.46 Mn |
| Dec 31, 2023 | 394.22 Mn |
| Sep 30, 2023 | 468.48 Mn |
| Jun 30, 2023 | 430.05 Mn |
| Mar 31, 2023 | 341.84 Mn |
| Dec 31, 2022 | 379.64 Mn |
| Sep 30, 2022 | 413.60 Mn |
| Jun 30, 2022 | 390.82 Mn |
| Mar 31, 2022 | 310.81 Mn |
| Dec 31, 2021 | 189.49 Mn |
| Sep 30, 2021 | 405.65 Mn |
API Access
Sterling Infrastructure Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=STRL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "STRL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=STRL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();