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Canadian engineering, construction and nuclear-services company, formerly SNC-Lavalin, rebranded after acquiring the UK's Atkins.
Canadian engineering, construction and nuclear-services company, formerly SNC-Lavalin, rebranded after acquiring the UK's Atkins.
Earns fees for engineering and project management, largely on cost-reimbursable terms, after exiting fixed-price turnkey construction contracts that caused heavy losses. Nuclear work, through its CANDU reactor business, is paid under long-running refurbishment and servicing contracts. Renamed in 2023 from SNC-Lavalin, which bought Britain's Atkins in 2017.
In one line: Canada's Fluor/Jacobs Engineering.
Moat: narrow (process know-how, regulatory licence, installed base). Specialized nuclear engineering expertise (CANDU technology) and long-standing government infrastructure relationships.
Headquarters: Montreal, Canada · Founded: 1911 · Employees: 40,246
Size Atkinsrealis (ATRL.TO) is a Canada Industrials company (Engineering & Construction) with a market value of $9.94B, the 76th largest of 420 Canada companies the cockpit tracks. Shares closed at C$88.10 on 6 Nov 2026.
Performance Over six months the shares fell 7.2%, against -16.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 14.8% over the last twelve months (peer median +2.8%); the operating margin is 6.6% (peer median 6.0%).
Valuation It trades at 19.9× forward earnings against a peer median of 10.9× (4th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.3 points above its cost of capital (8.2% WACC).
Next results Next results expected around 26 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$11.7B | C$11.0B | C$9.57B | C$8.53B | C$7.47B |
| Revenue growth | — | +14% | +12% | +14% | — |
| Gross profit | C$886M | C$822M | C$665M | C$575M | C$251M |
| EBITDA | C$1.07B | C$949M | C$721M | C$654M | C$379M |
| Net income | C$430M | C$2.63B | C$284M | C$287M | C$9.75M |
| Free cash flow | C$518M | C$285M | C$366M | -C$37.6M | -C$355M |
| Capital expenditure | C$188M | C$177M | C$160M | C$104M | C$110M |
| Total debt | C$1.32B | C$1.31B | C$2.20B | C$2.37B | C$2.49B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Atkinsrealis ATRL.TO | $9.94B | -7% | +15% | 7% | 19.9× | 11.4% |
| Jacobs Solutions J | $17.4B | +26% | +20% | 5% | 18.6× | 15.8% |
| Fluor FLR | $6.22B | +7% | -5% | -2% | 14.2× | n/a |
| WSP Global WSP.TO | $17.5B | -19% | +10% | 10% | 14.4× | 0.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ATRL.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.2% | -1.0% | 9th highest of 21 |
| 6-month return | -7.2% | -16.8% | 6th highest of 21 |
| Distance from 52-week high | -17.5% | -35.6% | 7th highest of 21 |
| Revenue growth (TTM) | +14.8% | +2.8% | 5th highest of 21 |
| Operating margin | 6.6% | 6.0% | 10th highest of 21 |
| Forward P/E | 19.9× | 10.9× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 11.4% | 6.1% | 2nd most demanding of 15 |
| Growth delivered (Del g) | +9.6% | +10.7% | 7th lowest of 15 |
| Hurdle (Req g minus delivered) | +1.8 pp | -7.0 pp | 5th most demanding of 15 |
| ROIC minus cost of capital | +1.3 pp | +2.2 pp | 10th lowest of 20 |
| EV / EBITDA | 13.5× | 9.5× | 3rd most expensive of 14 |
| Net debt / EBITDA | 0.4× | 1.2× | 5th least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Atkinsrealis ATRL.TO | Canada | $9.94B | -7% | +15% | 7% | 19.9× | 11.4% | +9.6% |
| Tetra Tech TTEK | United States | $10.3B | +33% | -8% | 12% | 24.0× | 8.3% | +12.7% |
| Saipem SPM.MI | Italy | $9.38B | -9% | +2% | 4% | 27.1× | 6.9% | +16.1% |
| Taisei 1801.T | Japan | $10.8B | -38% | +2% | 9% | 9.9× | 0.6% | +7.1% |
| SamsungE&A 028050.KS | South Korea | $8.73B | +14% | +19% | 11% | 13.6× | -2.1% | +6.1% |
| Sichuan Road & Bridge 600039.SS | China | $11.4B | +8% | +8% | 10% | 9.7× | -5.0% | +12.3% |
| China Railway Construction 601186.SS | China | $11.4B | -11% | -9% | 4% | 4.9× | n/a | n/a |
| Power Construction Corporation of China 601669.SS | China | $11.5B | -20% | -2% | 4% | 8.4× | n/a | n/a |
| Aecom ACM | United States | $8.59B | -17% | -4% | 5% | 11.0× | 7.3% | +4.0% |
| Eiffage FGR.PA | France | $11.5B | -20% | +5% | 10% | 9.3× | -6.9% | +9.4% |
| Stantec STN.TO | Canada | $8.42B | -16% | +10% | 10% | 16.0× | 3.9% | +11.5% |
| JSW Infrastructure JSWINFRA.NS | India | $8.33B | +20% | +17% | 36% | 46.8× | n/a | n/a |
| Shimizu 1803.T | Japan | $8.30B | -35% | +6% | 6% | 7.8× | n/a | n/a |
| Skanska SKA-B.ST | Sweden | $12.1B | +16% | -6% | 4% | 17.1× | 8.3% | +2.0% |
| Kajima 1812.T | Japan | $12.5B | -27% | +4% | 8% | 10.8× | -1.9% | +10.0% |
| China Communications Construction 1800.HK | Hong Kong | $12.8B | -26% | -5% | 4% | 3.1× | n/a | n/a |
| Sterling Infrastructure STRL | United States | $7.71B | -70% | +93% | 19% | 9.4× | 8.8% | +11.8% |
| Metallurgical Corporation of China 1618.HK | Hong Kong | $7.67B | -14% | -18% | -4% | 5.1× | 5.2% | +1.9% |
| Acciona ANA.MC | Spain | $13.4B | -16% | +8% | 6% | 19.8× | 8.2% | +25.6% |
| China Energy Engineering 601868.SS | China | $13.6B | -18% | -5% | 4% | 17.9× | n/a | n/a |
| MasTec MTZ | United States | $14.0B | -58% | +26% | 5% | 15.0× | 21.6% | +17.7% |