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Stantec
Stantec (STN) investor relations material
Stantec Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary26 Feb, 2026
Executive summary
Achieved record results in 2025 with net revenue up 10.7% to $6.5 billion, driven by 5.0% organic and 3.9% acquisition growth.
Adjusted EBITDA rose 16.7% to $1.14 billion, with margin improving 90 basis points to 17.6%.
Adjusted EPS increased 19.9% to $5.30; diluted EPS reached $4.20.
Strong demand across water, mission-critical, transportation, energy transition, and healthcare sectors supported growth and resilience.
Backlog hit a record $8.6 billion, up 9.5% year-over-year.
Financial highlights
Adjusted EBITDA margin for 2025 was 17.6%, up from 16.7% in 2024.
Adjusted EPS grew 19.9% to CAD 5.30; Q4 Adjusted EPS up 12.6% to $1.25.
Operating cash flow rose 43.1% to CAD 863 million; free cash flow to net income conversion at 1.3x.
Net income rose 32.6% to $479.4 million; adjusted net income up 19.8% to $604.4 million (9.3% of net revenue).
Dividend increased by 8.9% to $0.245 per share.
Outlook and guidance
2026 net revenue growth expected at 8.5%-11.5%, driven by organic and acquisition growth.
Adjusted EBITDA margin targeted at 17.6%-18.2%; Adjusted EPS growth of 15%-18% anticipated.
Adjusted ROIC targeted above 13% for 2026.
Days sales outstanding targeted at or below 75; net debt to adjusted EBITDA between 1.0x and 2.0x.
Strong backlog of $8.6 billion (up 9.5% YoY), representing 13 months of work.
Implications of early EBITDA margin target achievement
US organic growth rebound drivers for 2026
2026 DSO target vs. 2025 actual performance
AI's role in firm consolidation?
M&A valuation reset: expected timeline?
Key drivers for Canadian defense projects?
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Next Stantec earnings date
Q1 202614 May, 2026
Stantec
Next Stantec earnings date
Q1 202614 May, 2026
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Frequently asked questions
Stantec Inc provides engineering, architecture, and environmental consulting services. The company supports infrastructure, buildings, energy, and water projects from planning through design and project management. It serves public and private clients across North America and globally. The company is headquartered in Edmonton, Canada, and its shares are listed on the TSX.
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