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Canadian engineering and design consulting firm providing infrastructure, water, buildings and environmental services globally.
Canadian engineering and design consulting firm providing infrastructure, water, buildings and environmental services globally.
Fees come from engineering and design work billed by project, with a steady flow of multi-year agency framework agreements. The US is its largest market, ahead of Canada. Regularly buys smaller consulting firms to add regions and skills.
In one line: Canada's AECOM/Jacobs (engineering consulting).
Moat: narrow (scale, brand, distribution). Global multidisciplinary engineering scale and long-standing client relationships across infrastructure sectors.
Headquarters: Edmonton, Canada · Founded: 1954 · Employees: 34,000
Size Stantec (STN.TO) is a Canada Industrials company (Engineering & Construction) with a market value of $8.42B, the 84th largest of 420 Canada companies the cockpit tracks. Shares closed at C$105.02 on 6 Nov 2026.
Performance Over six months the shares fell 15.5%, against -10.1% for the median peer and +5.2% for the Canada market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 10.0% over the last twelve months (peer median +2.0%); the operating margin is 9.6% (peer median 7.3%).
Valuation It trades at 16.0× forward earnings against a peer median of 10.5× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.0 points above its cost of capital (6.5% WACC).
Backlog Backlog (remaining performance obligations) was C$8.57B at 31 Dec 2025, up 10% on a year earlier — 1.1 years of trailing revenue. Backlog detail →
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$8.55B | C$8.14B | C$7.50B | C$6.48B | C$5.68B |
| Revenue growth | — | +9% | +16% | +14% | — |
| Gross profit | C$3.32B | C$3.18B | C$2.88B | C$2.46B | C$2.13B |
| EBITDA | C$1.21B | C$1.10B | C$957M | C$814M | C$705M |
| Net income | C$505M | C$479M | C$362M | C$316M | C$247M |
| Free cash flow | C$666M | C$791M | C$504M | C$419M | C$236M |
| Capital expenditure | C$78.3M | C$71.9M | C$99.0M | C$101M | C$74.9M |
| Total debt | C$2.75B | C$2.55B | C$2.04B | C$1.70B | C$1.92B |
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 |
|---|---|---|---|---|---|---|
| Stantec STN.TO | $8.42B | -16% | +10% | 10% | 16.0× | 3.9% |
| Aecom ACM | $8.59B | -17% | -4% | 5% | 11.0× | 7.3% |
| Jacobs Solutions J | $17.4B | +26% | +20% | 5% | 18.6× | 15.8% |
| WSP Global WSP.TO | $17.5B | -19% | +10% | 10% | 14.4× | 0.0% |
| Tetra Tech TTEK | $10.3B | +33% | -8% | 12% | 24.0× | 8.3% |
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 | STN.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.3% | +0.7% | 5th highest of 21 |
| 6-month return | -15.5% | -10.1% | 8th lowest of 21 |
| Distance from 52-week high | -33.6% | -23.5% | 8th lowest of 21 |
| Revenue growth (TTM) | +10.0% | +2.0% | 7th highest of 21 |
| Operating margin | 9.6% | 7.3% | 9th highest of 21 |
| Forward P/E | 16.0× | 10.5× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 3.9% | 5.2% | 8th least demanding of 16 |
| Growth delivered (Del g) | +11.5% | +11.6% | 8th lowest of 16 |
| Hurdle (Req g minus delivered) | -7.5 pp | -8.1 pp | 8th most demanding of 16 |
| ROIC minus cost of capital | +4.0 pp | +2.2 pp | 7th highest of 20 |
| EV / EBITDA | 11.8× | 9.5× | 5th most expensive of 14 |
| Net debt / EBITDA | 2.0× | 0.9× | 5th most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Aecom ACM | United States | $8.59B | -17% | -4% | 5% | 11.0× | 7.3% | +4.0% |
| SamsungE&A 028050.KS | South Korea | $8.73B | +14% | +19% | 11% | 13.6× | -2.1% | +6.1% |
| 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% |
| Saipem SPM.MI | Italy | $9.38B | -9% | +2% | 4% | 27.1× | 6.9% | +16.1% |
| 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% |
| Technip Energies TE.PA | France | $6.83B | -8% | +2% | 4% | 18.9× | -6.5% | +4.6% |
| China National Chemical Engineering 601117.SS | China | $6.68B | -15% | +2% | 5% | 6.4× | -17.3% | +11.6% |
| Taisei 1801.T | Japan | $10.8B | -38% | +2% | 9% | 9.9× | 0.6% | +7.1% |
| IES IESC | United States | $6.38B | +32% | +23% | 12% | 12.6× | 11.2% | +22.9% |
| Dycom Industries DY | United States | $6.26B | -52% | +38% | 8% | 12.1× | 11.6% | +11.6% |
| Sichuan Road & Bridge 600039.SS | China | $11.4B | +8% | +8% | 10% | 9.7× | -5.0% | +12.3% |
| Fluor FLR | United States | $6.22B | +7% | -5% | -2% | 14.2× | n/a | n/a |
| 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 |
| Eiffage FGR.PA | France | $11.5B | -20% | +5% | 10% | 9.3× | -6.9% | +9.4% |
| China State Construction International 3311.HK | Hong Kong | $6.04B | -5% | -14% | 15% | 5.0× | -8.1% | +11.8% |
Stantec reported C$8.57B of remaining performance obligations at 31 Dec 2025, up 10% from a year earlier. That is 1.1 years of trailing revenue already under contract.