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Engineering & construction · Industrials · Reports in CAD
Stantec reported revenue of CAD 8.1B in the fiscal year ended Dec 2025, up 8.6% from the year before. Operating income was CAD 745M, an operating margin of 9.1%, and net income was CAD 479M. Net debt was CAD 1.4B.
Ranks among the 23 engineering & construction companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 4,577 | 5,677 | 6,480 | 7,500 | 8,144 |
| Cost of revenue | 1,673 | 2,040 | 2,322 | – | – |
| Gross profit | 1,963 | 2,417 | 2,745 | – | – |
| Selling, general & admin | 1,424 | 1,743 | 1,965 | 2,286 | 2,458 |
| Operating incomederived: pre-tax income + interest | 306 | 395 | 510 | 583 | 745 |
| Interest expense | 42.7 | 69.6 | 103 | 118 | 115 |
| Pre-tax income | 263 | 325 | 408 | 465 | 630 |
| Income tax | 62.3 | 78.1 | 91.2 | 104 | 151 |
| Net income | 201 | 247 | 317 | 362 | 479 |
| Diluted EPS | 1.80 | 2.22 | 2.85 | 3.17 | 4.20 |
| Diluted shares | 112 | 111 | 111 | 114 | 114 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 194 | 148 | 353 | 229 | 398 |
| Receivables | 824 | 1,028 | 1,064 | 1,324 | 1,307 |
| Current assets | 1,664 | 1,938 | 2,273 | 2,549 | 2,791 |
| Net PP&E | 234 | 251 | 268 | 299 | 308 |
| Goodwill | 2,184 | 2,346 | 2,074 | 2,713 | 3,222 |
| Total assets | 5,226 | 5,653 | 5,766 | 6,956 | 7,957 |
| Payables | 635 | 756 | 842 | 1,019 | 1,125 |
| Deferred revenue | 265 | 328 | 398 | 502 | 582 |
| Current liabilities | 1,179 | 1,410 | 1,617 | 1,979 | 2,266 |
| Short-term debt | 51.0 | 52.2 | 124 | 175 | 291 |
| Long-term debt | 1,194 | 1,184 | 974 | 1,209 | 1,527 |
| Total liabilities | 3,224 | 3,367 | 3,315 | 4,011 | 4,717 |
| Shareholders' equity | 2,002 | 1,992 | 2,451 | 2,945 | 3,240 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 397 | 304 | 520 | 603 | 863 |
| Capital expenditure | 45.8 | 68.5 | – | – | – |
| Free cash flow | 351 | 236 | – | – | – |
| Stock-based compensation | 46.7 | 26.0 | 60.1 | 43.0 | 40.3 |
| Acquisitions | 703 | 50.4 | 75.6 | 555 | 454 |
| Share buybacks | 50.7 | 65.3 | 10.0 | – | – |
| Dividends paid | 72.3 | 78.2 | 84.9 | 94.0 | 101 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 24.0% | 14.1% | 15.7% | 8.6% |
| Operating income growth (YoY) | – | 29.1% | 29.3% | 14.2% | 27.8% |
| EPS growth (YoY) | – | 23.3% | 28.4% | 11.2% | 32.5% |
| Gross margin | 42.9% | 42.6% | 42.4% | – | – |
| Operating margin | 6.7% | 7.0% | 7.9% | 7.8% | 9.1% |
| Net margin | 4.4% | 4.4% | 4.9% | 4.8% | 5.9% |
| Return on equityBlank when equity is negative | 10.0% | 12.4% | 12.9% | 12.3% | 14.8% |
| ROCEEBIT ÷ (assets − current liabilities) | 7.6% | 9.3% | 12.3% | 11.7% | 13.1% |
| Free cash flow margin | 7.7% | 4.2% | – | – | – |
| Cash conversion (CFO ÷ net income) | 1.98x | 1.23x | 1.64x | 1.67x | 1.80x |
| Receivable days | 66 | 66 | 60 | 64 | 59 |
| Payable days | 138 | 135 | 132 | – | – |
| Interest cover | 7.16x | 5.67x | 4.97x | 4.95x | 6.47x |
| Debt ÷ equity | 0.62x | 0.62x | 0.45x | 0.47x | 0.56x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 1,051 | 1,088 | 745 | 1,155 | 1,420 |
| Current ratio | 1.41x | 1.37x | 1.41x | 1.29x | 1.23x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.