Sterling Construction Company Inc (STRL)
Pretax margin
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 374,586 | 358,278 | 257,463 | 222,696 | 204,905 | 190,615 | 167,236 | 155,925 | 137,830 | 136,877 | 121,585 | 107,959 | 99,715 | 90,023 | 87,703 | 80,287 | 77,404 | 65,375 | 46,051 | 33,796 |
| Revenue (ttm) | US$ in thousands | 2,106,345 | 2,115,756 | 2,102,901 | 2,069,507 | 2,009,010 | 1,972,229 | 1,934,858 | 1,931,453 | 1,919,696 | 1,926,437 | 1,879,165 | 1,785,672 | 1,676,770 | 1,581,766 | 1,527,659 | 1,447,668 | 1,446,040 | 1,427,412 | 1,426,728 | 1,334,969 |
| Pretax margin | 17.78% | 16.93% | 12.24% | 10.76% | 10.20% | 9.66% | 8.64% | 8.07% | 7.18% | 7.11% | 6.47% | 6.05% | 5.95% | 5.69% | 5.74% | 5.55% | 5.35% | 4.58% | 3.23% | 2.53% |
March 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $374,586K ÷ $2,106,345K
= 17.78%
The pretax margin of Sterling Construction Company Inc demonstrates a consistent upward trend from mid-2020 through the first quarter of 2025. Starting at approximately 2.53% on June 30, 2020, the pretax margin experienced gradual improvements over the subsequent periods, reaching 3.23% on September 30, 2020, and gradually ascending thereafter. The margin notably increased during 2021, peaking at 5.74% on September 30, 2021, and continuing its upward trajectory through 2022 and into 2023. By March 31, 2023, the pretax margin had reached approximately 7.18%, and it further expanded to 8.07% by June 30, 2023, and to 8.64% on September 30, 2023.
The most substantial increase is observed between September 30, 2024, and December 31, 2024, when the pretax margin surged to 16.93%, representing a significant expansion from earlier levels. This upward momentum persisted into early 2025, with the margin reaching approximately 17.78% on March 31, 2025.
Overall, from mid-2020 to early 2025, the pretax margin exhibits a trajectory of steady growth, indicating improving profitability relative to income before taxes. The data suggests effective management of operating expenses or a shift toward more profitable projects, contributing to the increased margin over this period.
Peer comparison
Mar 31, 2025