Sterling (STER) stock price, revenue, and financials

Sterling market cap is $1.8 b, and annual revenue was $454.05 m in FY 2020

$1.8 B

STER Mkt cap, 20-Jan-2022

$169.6 M

Sterling Revenue Q3, 2021
Sterling Gross profit (Q3, 2021)86.9 M
Sterling Gross profit margin (Q3, 2021), %51.3%
Sterling Net income (Q3, 2021)-25.3 M
Sterling EBIT (Q3, 2021)-30.5 M
Sterling Cash, 30-Sept-2021192.4 M
Sterling EV2.2 B
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Sterling Revenue

Sterling revenue was $454.05 m in FY, 2020 which is a 8.7% year over year decrease from the previous period.

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Sterling Revenue Breakdown

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Sterling revenue breakdown by business segment: 98.6% from Screening Services and 1.4% from Other

Sterling revenue breakdown by geographic segment: 83.1% from United States and 16.9% from Other Countries

Sterling Income Statement

Annual

USDFY, 2019FY, 2020

Revenue

497.1m454.1m

Revenue growth, %

(9%)

Cost of goods sold

221.3m217.3m

Gross profit

275.8m236.7m

Gross profit Margin, %

55%52%

R&D expense

44.9m44.3m

General and administrative expense

147.2m122.6m

Operating expense total

289.1m259.8m

Depreciation and amortization

93.8m91.2m

EBIT

(13.4m)(23.1m)

EBIT margin, %

(3%)(5%)

Pre tax profit

(58.5m)(63.9m)

Income tax expense

(11.8m)(11.6m)

Net Income

(46.7m)(52.3m)

EPS

(0.5)(0.6)

Quarterly

USDQ3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

132.8m119.4m88.6m117.6m139.4m159.3m169.6m

Cost of goods sold

55.1m82.6m

Gross profit

62.5m86.9m

Gross profit Margin, %

53%51%

R&D expense

10.8m12.1m

General and administrative expense

25.4m85.0m

Operating expense total

59.7m117.4m

Depreciation and amortization

61.2m20.3m

EBIT

5.6m(1.9m)(17.7m)2.8m8.4m14.8m(30.5m)

EBIT margin, %

4%(2%)(20%)2%6%9%(18%)

Pre tax profit

(4.9m)(19.5m)(26.4m)(4.7m)1.2m7.4m(37.9m)

Income tax expense

(979.0k)(3.6m)(1.5m)5.7m526.0k4.0m(12.6m)

Net Income

(3.9m)(15.9m)(24.9m)(10.4m)628.0k3.4m(25.3m)

EPS

(0.1)(0.3)

Sterling Balance Sheet

Annual

USDFY, 2019FY, 2020

Cash

50.3m66.6m

Accounts Receivable

80.6m80.4m

Prepaid Expenses

5.9m7.3m

Current Assets

11.4m7.8m

PP&E

20.3m14.1m

Goodwill

830.3m831.8m

Total Assets

1.4b1.3b

Accounts Payable

17.9m14.7m

Short-term debt

6.5m13.1m

Current Liabilities

92.2m86.0m

Long-term debt

613.1m602.3m

Total Debt

619.6m615.5m

Total Liabilities

763.6m732.9m

Common Stock

1.0k1.0k

Additional Paid-in Capital

764.8m770.7m

Retained Earnings

(135.4m)(187.7m)

Total Equity

627.1m583.2m

Debt to Equity Ratio

1 x1.1 x

Debt to Assets Ratio

0.4 x0.5 x

Financial Leverage

2.2 x2.3 x

Quarterly

USDQ2, 2021Q3, 2021

Cash

94.3m192.4m

Accounts Receivable

104.8m119.8m

Prepaid Expenses

9.7m8.7m

Current Assets

218.3m327.6m

PP&E

10.2m10.4m

Goodwill

831.3m830.7m

Total Assets

1.3b1.4b

Accounts Payable

27.3m27.2m

Short-term debt

6.5m6.5m

Current Liabilities

107.5m106.3m

Long-term debt

600.2m599.2m

Total Debt

606.7m605.7m

Total Liabilities

744.8m728.5m

Common Stock

1.0k68.0k

Additional Paid-in Capital

774.8m911.2m

Retained Earnings

(183.7m)(208.9m)

Total Equity

591.6m701.2m

Debt to Equity Ratio

1 x0.9 x

Debt to Assets Ratio

0.5 x0.4 x

Financial Leverage

2.3 x2 x

Sterling Cash Flow

Annual

USDFY, 2019FY, 2020

Net Income

(46.7m)(52.3m)

Depreciation and Amortization

93.8m91.2m

Accounts Receivable

(11.6m)165.0k

Accounts Payable

(2.0m)(3.5m)

Cash From Operating Activities

36.2m36.2m

Purchases of PP&E

(5.3m)(2.3m)

Cash From Investing Activities

(33.9m)(16.3m)

Short-term Borrowings

(83.8m)

Long-term Borrowings

(6.5m)(6.5m)

Cash From Financing Activities

(7.9m)(3.2m)

Net Change in Cash

(5.1m)16.3m

Interest Paid

33.9m34.7m

Income Taxes Paid

6.6m3.2m

Quarterly

USDQ2, 2020Q3, 2020Q2, 2021Q3, 2021

Net Income

(40.8m)(51.2m)4.0m(21.2m)

Depreciation and Amortization

45.6m68.4m40.8m61.2m

Accounts Receivable

20.3m552.0k(24.8m)(40.4m)

Accounts Payable

885.0k563.0k12.6m12.1m

Cash From Operating Activities

20.2m25.9m45.3m38.9m

Purchases of PP&E

(1.7m)(1.8m)(1.3m)(2.6m)

Cash From Investing Activities

(9.3m)(12.8m)(9.3m)(14.6m)

Short-term Borrowings

(83.8m)(83.8m)

Long-term Borrowings

(3.2m)(4.8m)(9.9m)(11.5m)

Cash From Financing Activities

(2.0m)(3.7m)(8.2m)102.3m

Net Change in Cash

6.4m7.2m27.7m125.8m

Interest Paid

11.9m20.5m12.3m21.5m

Income Taxes Paid

2.6m3.7m2.7m4.7m

Sterling Ratios

USDQ3, 2019

Sterling Operating Metrics

FY, 2020Q2, 2021Q3, 2021

Clients

40 k40 k

Languages

35

Locations

240

Net Promoter Score

5700%

Partners (Applicant Tracking Systems)

75

Yearly Searches

75 m75 m