)
WSP Global (WSP) investor relations material
WSP Global Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenues reached $4.53B, up 13.8% year-over-year, with net revenues at $3.46B, up 15.6% from Q3 2024.
Adjusted EBITDA grew 19.6% to $700.4M, with margin improving by 70bps to 20.2%.
Net earnings attributable to shareholders rose 39.7% to $284.5M, and adjusted net earnings increased 31.8% to $368.8M.
Robust free cash flow and margin expansion were driven by disciplined execution, operational efficiency, and successful integration of acquisitions.
Completed the acquisition of Ricardo plc, enhancing global consultancy capabilities, and celebrated the one-year anniversary of the POWER Engineers acquisition.
Financial highlights
Revenues increased 14% to $4,533.7M, and net revenues rose 16% to $3,463.1M compared to Q3 2024.
Adjusted EBITDA reached $700.4M, up 20% from Q3 2024, with a record margin of 20.2%, a 70 basis point increase.
Adjusted net earnings were $370M ($2.82 per share), up 32% and 26% year-over-year, respectively.
Free cash flow for the nine months was $887.4M, up from $242.0M year-over-year; trailing 12-month free cash flow totaled $1.5B.
Backlog increased 10.6% year-over-year to $16.4B, representing 10.9 months of revenues.
Outlook and guidance
2025 net revenues are expected between $13.8B and $14.0B, with adjusted EBITDA between $2.54B and $2.56B.
Anticipates closing 2025 with mid-single-digit organic net revenue growth on a constant currency basis.
Expectation to exceed 100% conversion of annual free cash flow to net earnings.
Ricardo’s contribution will be partial in Q4 2025 due to timing of acquisition.
Dividend of $0.375 per share declared, payable January 15, 2026.
Next WSP Global earnings date
Next WSP Global earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)