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Global engineering and professional-services firm providing design, environmental and advisory services for infrastructure, buildings, energy and environment projects.
Global engineering and professional-services firm providing design, environmental and advisory services for infrastructure, buildings, energy and environment projects.
Bills for staff time on engineering and advisory projects, mostly as fees rather than building anything, so growth follows headcount, utilisation and the pace of public infrastructure programs. It grew into a global group by buying Parsons Brinckerhoff in 2014, Golder in 2021 and POWER Engineers in 2022.
In one line: Canada's AECOM/Jacobs Solutions.
Moat: narrow (scale, brand, customer qualification). Scale and global multidisciplinary breadth win large public infrastructure and environmental mandates.
Headquarters: Montreal, Canada · Founded: 1959 · Employees: 74,400
Size WSP Global (WSP.TO) is a Canada Industrials company (Engineering & Construction) with a market value of $17.5B, the 49th largest of 420 Canada companies the cockpit tracks. Shares closed at C$181.45 on 6 Nov 2026.
Performance Over six months the shares fell 19.1%, against -17.2% for the median peer and +5.2% for the Canada market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 10.2% over the last twelve months (peer median +0.8%); the operating margin is 10.3% (peer median 6.3%).
Valuation It trades at 14.4× forward earnings against a peer median of 12.9× (10th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -16 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.5 points above its cost of capital (5.4% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$19.3B | C$18.3B | C$16.2B | C$14.4B | C$11.9B |
| Revenue growth | — | +13% | +12% | +21% | — |
| Gross profit | C$3.41B | C$3.04B | C$2.60B | C$2.18B | C$1.70B |
| EBITDA | C$2.79B | C$2.52B | C$2.13B | C$1.87B | C$1.48B |
| Net income | C$931M | C$964M | C$681M | C$550M | C$432M |
| Free cash flow | C$1.52B | C$1.87B | C$1.03B | C$652M | C$627M |
| Capital expenditure | C$187M | C$153M | C$164M | C$180M | C$166M |
| Total debt | C$8.82B | C$4.98B | C$5.79B | C$4.26B | C$4.08B |
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 |
|---|---|---|---|---|---|---|
| WSP Global WSP.TO | $17.5B | -19% | +10% | 10% | 14.4× | 0.0% |
| Aecom ACM | $8.59B | -17% | -4% | 5% | 11.0× | 7.3% |
| Jacobs Solutions J | $17.4B | +26% | +20% | 5% | 18.6× | 15.8% |
| Stantec STN.TO | $8.42B | -16% | +10% | 10% | 16.0× | 3.9% |
| Arcadis ARCAD.AS | $4.42B | +31% | -1% | 6% | 15.0× | 5.5% |
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 | WSP.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.7% | +2.4% | 3rd highest of 21 |
| 6-month return | -19.1% | -17.2% | 9th lowest of 21 |
| Distance from 52-week high | -34.1% | -28.1% | 8th lowest of 21 |
| Revenue growth (TTM) | +10.2% | +0.8% | 5th highest of 21 |
| Operating margin | 10.3% | 6.3% | 4th highest of 20 |
| Forward P/E | 14.4× | 12.9× | 10th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 0.0% | 6.4% | 6th least demanding of 15 |
| Growth delivered (Del g) | +15.7% | +11.8% | 5th highest of 15 |
| Hurdle (Req g minus delivered) | -15.7 pp | -7.2 pp | 4th least demanding of 15 |
| ROIC minus cost of capital | +2.5 pp | +0.1 pp | 8th highest of 20 |
| EV / EBITDA | 11.7× | 10.9× | 6th most expensive of 13 |
| Net debt / EBITDA | 2.9× | 1.7× | 7th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| WSP Global WSP.TO | Canada | $17.5B | -19% | +10% | 10% | 14.4× | 0.0% | +15.7% |
| APi APG | United States | $17.5B | -7% | +16% | 7% | 20.7× | 27.8% | +17.1% |
| Bouygues EN.PA | France | $18.3B | -18% | -1% | 5% | 12.9× | -0.8% | +10.4% |
| Cellnex Telecom CLNX.MC | Spain | $19.6B | -7% | 0% | 13% | n/a | 29.7% | +22.5% |
| China Railway 601390.SS | China | $15.1B | -13% | -7% | 4% | 6.0× | n/a | n/a |
| MasTec MTZ | United States | $14.0B | -58% | +26% | 5% | 15.0× | 21.6% | +17.7% |
| Geberit GEBN.SW | Switzerland | $22.1B | +14% | +3% | 29% | 29.8× | 6.6% | +1.2% |
| China Energy Engineering 601868.SS | China | $13.6B | -18% | -5% | 4% | 17.9× | n/a | n/a |
| Acciona ANA.MC | Spain | $13.4B | -16% | +8% | 6% | 19.8× | 8.2% | +25.6% |
| China Communications Construction 601800.SS | China | $12.8B | -12% | -4% | 3% | 6.8× | n/a | n/a |
| Kajima 1812.T | Japan | $12.5B | -27% | +4% | 8% | 10.8× | -1.9% | +10.0% |
| Skanska SKA-B.ST | Sweden | $12.1B | +16% | -6% | 4% | 17.1× | 8.3% | +2.0% |
| ACS, Actividades de Construccion y Servicios ACS.MC | Spain | $26.0B | -37% | +10% | 3% | 20.6× | -2.6% | +11.2% |
| Eiffage FGR.PA | France | $11.5B | -20% | +5% | 10% | 9.3× | -6.9% | +9.4% |
| Power Construction Corporation of China 601669.SS | China | $11.5B | -20% | -2% | 4% | 8.4× | n/a | n/a |
| Emcor EME | United States | $26.6B | -34% | +22% | 10% | 15.5× | 6.2% | +14.1% |
| China Railway Construction 1186.HK | Hong Kong | $11.4B | -22% | -5% | 4% | 3.2× | n/a | n/a |
| Sichuan Road & Bridge 600039.SS | China | $11.4B | +8% | +8% | 10% | 9.7× | -5.0% | +12.3% |
| Taisei 1801.T | Japan | $10.8B | -38% | +2% | 9% | 9.9× | 0.6% | +7.1% |
| China State Construction Engineering 601668.SS | China | $28.3B | -4% | -9% | n/a | 5.6× | n/a | n/a |
| Tetra Tech TTEK | United States | $10.3B | +33% | -8% | 12% | 24.0× | 8.3% | +12.7% |