Sterling Infrastructure, Inc. — Earnings Quality Grade F
STRL · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO surged by 31 days (43 → 73)
AR growth 102.9% exceeds revenue growth 17.7%
Revenue grew 17.7% but CFFO declined -11.5%
Expense Quality
No material inventory
CapEx growth -4.5% vs revenue 17.7%. Normal
SG&A/Gross Profit = 27.1%, excellent (<30%)
Gross margin 23.0%, change +2.8pp. Stable
Cash Flow Quality
CFFO/NI = 1.52. Profits backed by cash
FCF $0.4B, FCF/NI = 1.25
Accruals ratio = -5.7%. Low accruals
Cash $0.4B covers debt $0.3B
Balance Sheet Health
Goodwill+Intangibles $1.1B = 103% of equity. Over 50%
Debt/EBITDA = 0.7x. Healthy
Other assets 0.9% vs revenue 17.7%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles surged 96% YoY
Manipulation Score
M-Score = -1.84 (grey zone)
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25