NASDAQ : STGW
Stagwell Inc. — Financial statements
Communication Services · Advertising Agencies · United States
Last price 10.47 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.60B
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Financial statements
Stagwell Inc. (STGW) reported revenue of 3.11B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.11B | 2.91B | 2.84B | 2.53B | 2.69B | 1.47B |
| Cost of Revenue | 1.99B | 1.85B | 1.84B | 1.62B | 1.67B | 906.86M |
| Gross Profit | 1.12B | 1.06B | 998.24M | 906.00M | 1.01B | 562.51M |
| Selling, General & Admin | 785.59M | 739.79M | 688.80M | 661.25M | 600.78M | 423.78M |
| Other Operating Expenses | 2.87M | 40.00K | ||||
| Operating Expenses | 965.60M | 911.04M | 840.45M | 804.08M | 734.92M | 501.32M |
| Operating Income | 156.31M | 152.00M | 157.79M | 101.92M | 279.30M | 61.18M |
| Interest Expense | -94.02M | -96.44M | -92.32M | -90.64M | -76.06M | -32.19M |
| Interest & Investment Income | 300.00K | |||||
| Earnings From Equity Investments | 605.00K | 111.00K | 503.00K | -8.87M | -79.00K | -240.00K |
| Currency Exchange Gain (Loss) | -1.33M | -1.64M | -1.66M | -2.96M | -2.61M | -3.33M |
| Other Non Operating Income (Expenses) | 2.31M | 171.00K | -1.37M | -359.00K | -5.73M | 6.76M |
| EBT Excluding Unusual Items | 63.87M | 54.20M | 62.95M | -911.00K | 194.82M | 32.48M |
| Impairment of Goodwill | -116.71M | |||||
| Gain (Loss) on Sale of Assets | -2.25M | -2.25M | 94.50M | 43.04M | ||
| Asset Writedown | -1.22M | -466.00K | -1.72M | -11.39M | -2.60M | -16.20M |
| Other Unusual Items | -15.87M | 17.40M | -23.00M | |||
| Pretax Income | 44.54M | 68.90M | 38.23M | 82.20M | 75.51M | 59.32M |
| Income Tax Expense | 31.97M | 38.27M | 13.18M | 40.56M | 25.46M | 23.40M |
| Earnings From Continuing Operations | 12.57M | 30.63M | 25.04M | 41.64M | 50.04M | 35.92M |
| Minority Interest in Earnings | -2.88M | -1.52M | -22.79M | -41.51M | -30.12M | -14.88M |
| Net Income | 9.69M | 29.10M | 2.26M | 134.00K | 19.92M | 21.04M |
| Preferred Dividends & Other Adjustments | 24.74M | |||||
| Net Income to Common | 9.69M | 29.10M | 2.26M | 134.00K | 19.92M | -3.71M |
| Shares Outstanding (Basic) | 248.35M | 220.61M | 110.89M | 117.26M | 124.26M | 90.43M |
| Shares Outstanding (Diluted) | 249.79M | 264.52M | 115.75M | 122.17M | 296.60M | 90.43M |
| EPS (Basic) | 0.04 | 0.13 | 0.02 | 0.00 | 0.16 | -0.04 |
| EPS (Diluted) | 0.04 | 0.08 | 0.02 | 0.00 | 0.12 | -0.04 |
| Free Cash Flow | 367.79M | 247.29M | 123.95M | 66.77M | 324.92M | 192.06M |
| Free Cash Flow Per Share | 1.47 | 0.94 | 1.07 | 0.55 | 1.10 | 2.12 |
| Gross Margin | 36.03% | 36.54% | 35.13% | 35.85% | 37.73% | 38.28% |
| Operating Margin | 5.02% | 5.22% | 5.55% | 4.03% | 10.39% | 4.16% |
| Profit Margin | 0.31% | 1.00% | 0.08% | 0.01% | 0.74% | -0.25% |
| Free Cash Flow Margin | 11.81% | 8.50% | 4.36% | 2.64% | 12.09% | 13.07% |
| EBITDA | 336.32M | 323.25M | 309.44M | 244.75M | 410.57M | 138.69M |
| EBITDA Margin | 10.80% | 11.11% | 10.89% | 9.69% | 15.28% | 9.44% |
| D&A For EBITDA | 180.01M | 171.25M | 151.65M | 142.83M | 131.27M | 77.50M |
| EBIT | 156.31M | 152.00M | 157.79M | 101.92M | 279.30M | 61.18M |
| EBIT Margin | 5.02% | 5.22% | 5.55% | 4.03% | 10.39% | 4.16% |
| Effective Tax Rate | 71.78% | 55.55% | 34.48% | 49.34% | 33.72% | 39.45% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 132.20M | 104.54M | 131.34M | 119.74M | 220.59M | 184.01M |
| Cash & Short-Term Investments | 132.20M | 104.54M | 131.34M | 119.74M | 220.59M | 184.01M |
| Accounts Receivable | 916.80M | 900.45M | 889.61M | 811.27M | 738.92M | 760.00M |
| Other Receivables | 28.20M | 27.00M | 21.60M | 5.20M | 790.00K | |
| Receivables | 916.80M | 928.65M | 916.61M | 832.88M | 747.72M | 764.58M |
| Other Current Assets | 174.93M | 129.11M | 87.20M | 72.45M | 65.21M | 57.26M |
| Total Current Assets | 1.22B | 1.16B | 1.14B | 1.03B | 1.03B | 1.01B |
| Property, Plant & Equipment | 259.33M | 286.66M | 292.11M | 332.10M | 372.44M | 409.17M |
| Goodwill | 1.60B | 1.60B | 1.55B | 1.50B | 1.57B | 1.65B |
| Other Intangible Assets | 795.69M | 834.25M | 836.78M | 818.22M | 907.53M | 958.78M |
| Long-Term Deferred Tax Assets | 280.19M | 281.06M | 46.93M | |||
| Other Long-Term Assets | 53.81M | 55.05M | 43.11M | 90.14M | 116.14M | 29.06M |
| Total Assets | 4.21B | 4.21B | 3.91B | 3.77B | 4.00B | 4.06B |
| Accounts Payable | 489.38M | 548.32M | 449.35M | 414.98M | 357.25M | 271.77M |
| Accrued Expenses | 526.65M | 13.64M | 63.54M | 519.12M | 495.88M | 485.68M |
| Current Portion of Leases | 55.07M | 55.39M | 60.20M | 65.90M | 76.35M | 72.25M |
| Current Income Taxes Payable | 16.10M | 12.10M | 5.70M | 13.50M | 24.64M | |
| Current Unearned Revenue | 365.53M | 329.81M | 294.61M | 301.67M | 337.03M | 361.88M |
| Other Current Liabilities | 74.97M | 516.75M | 487.51M | 66.95M | 90.18M | 77.95M |
| Total Current Liabilities | 1.51B | 1.48B | 1.37B | 1.37B | 1.37B | 1.29B |
| Long-Term Debt | 1.41B | 1.33B | 1.35B | 1.15B | 1.18B | 1.19B |
| Long-Term Leases | 195.48M | 224.40M | 245.40M | 281.31M | 294.05M | 342.73M |
| Long-Term Deferred Tax Liabilities | 53.90M | 54.73M | 47.24M | 40.51M | 40.88M | 103.09M |
| Other Long-Term Liabilities | 304.34M | 328.06M | 109.35M | 89.01M | 138.84M | 201.57M |
| Total Liabilities | 3.48B | 3.41B | 3.12B | 2.93B | 3.03B | 3.13B |
| Common Stock | 245.00K | 252.00K | 117.00K | 120.00K | 134.00K | 120.00K |
| Additional Paid-In Capital | 697.40M | 744.46M | 343.65M | 348.49M | 491.90M | 382.89M |
| Retained Earnings | 31.20M | 32.93M | 11.74M | 21.15M | 22.09M | -6.98M |
| Comprehensive Income & Other | -34.79M | -19.25M | -23.77M | -13.07M | -15.48M | -5.28M |
| Total Common Equity | 694.06M | 758.39M | 331.73M | 356.69M | 498.65M | 370.75M |
| Minority Interest | 37.48M | 42.94M | 453.59M | 479.37M | 469.27M | 551.65M |
| Shareholders' Equity | 731.54M | 801.34M | 785.32M | 836.06M | 967.92M | 922.40M |
| Total Liabilities & Equity | 4.21B | 4.21B | 3.91B | 3.77B | 4.00B | 4.06B |
| Total Debt | 1.67B | 1.61B | 1.66B | 1.49B | 1.56B | 1.61B |
| Net Cash (Debt) | -1.53B | -1.50B | -1.53B | -1.37B | -1.33B | -1.42B |
| Net Cash Per Share | -6.14 | -5.68 | -13.20 | -11.24 | -4.50 | -15.73 |
| Filing Date Shares Outstanding | 247.97M | 253.45M | 115.01M | 116.91M | 131.61M | 132.00M |
| Total Common Shares Outstanding | 244.61M | 252.27M | 114.85M | 118.47M | 131.72M | 118.25M |
| Working Capital | -287.67M | -317.72M | -232.15M | -349.26M | -336.67M | -288.34M |
| Book Value Per Share | 2.84 | 3.01 | 2.89 | 3.01 | 3.79 | 3.14 |
| Tangible Book Value | -1.70B | -1.67B | -2.06B | -1.96B | -1.98B | -2.24B |
| Tangible Book Value Per Share | -6.95 | -6.62 | -17.93 | -16.55 | -15.00 | -18.95 |
| Land | 6.81M | |||||
| Machinery | 81.09M | 70.63M | 60.13M | 56.79M | 41.84M | |
| Leasehold Improvements | 100.15M | 106.38M | 99.13M | 101.53M | 91.57M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 9.69M | 29.10M | 2.26M | 134.00K | 19.92M | 21.04M |
| Depreciation & Amortization | 243.77M | 238.74M | 226.77M | 219.48M | 208.64M | 136.49M |
| Loss (Gain) From Sale of Assets | 2.25M | 2.25M | -94.50M | -43.44M | ||
| Asset Writedown & Restructuring Costs | -2.28M | -3.12M | 1.72M | 11.39M | 122.18M | 16.24M |
| Stock-Based Compensation | 71.69M | 54.09M | 52.16M | 57.18M | 33.15M | 75.03M |
| Other Operating Activities | 38.33M | 2.08M | 42.73M | 82.32M | -1.54M | 30.36M |
| Change in Accounts Receivable | -12.84M | 40.80M | -45.88M | -80.18M | 5.41M | -66.16M |
| Change in Accounts Payable | 80.82M | 73.57M | 24.44M | 52.84M | 108.03M | -51.98M |
| Change in Unearned Revenue | -7.03M | 25.57M | -22.65M | -41.14M | -27.06M | 76.02M |
| Change in Other Net Operating Assets | -11.80M | -172.07M | -138.67M | -126.52M | -121.14M | 7.26M |
| Operating Cash Flow | 412.59M | 291.03M | 142.86M | 81.01M | 347.59M | 200.86M |
| Capital Expenditures | -44.81M | -43.74M | -18.91M | -14.24M | -22.66M | -8.80M |
| Cash Acquisitions | -6.35M | -6.18M | -103.25M | -23.34M | -74.23M | 150.35M |
| Divestitures | 10.85M | 10.85M | 229.48M | 37.23M | ||
| Sale (Purchase) of Intangibles | -98.03M | -67.49M | -35.09M | -28.18M | -12.77M | -13.83M |
| Other Investing Activities | -8.49M | -7.12M | -5.21M | -7.78M | -6.60M | -1.00M |
| Investing Cash Flow | -146.83M | -113.68M | -162.47M | 155.95M | -116.28M | 163.95M |
| Long-Term Debt Issued | 2.00B | 1.96B | 1.95B | 1.26B | 1.62B | |
| Long-Term Debt Repaid | -2.03B | -1.75B | -1.99B | -1.27B | -1.60B | |
| Net Debt Issued (Repaid) | -114.65M | -26.67M | 205.00M | -41.00M | -10.50M | 13.18M |
| Repurchase of Common Stock | -119.79M | -134.26M | -108.25M | -223.84M | -70.27M | -841.00K |
| Common Dividends Paid | -204.93M | |||||
| Other Financing Activities | -31.41M | -49.08M | -59.81M | -75.03M | -105.97M | -80.83M |
| Financing Cash Flow | -265.85M | -210.02M | 36.94M | -339.86M | -186.74M | -273.41M |
| Foreign Exchange Rate Adjustments | 44.00K | 5.87M | -5.72M | 2.05M | -8.00M | 158.00K |
| Net Cash Flow | -41.00K | -26.80M | 11.60M | -100.85M | 36.58M | 91.55M |
| Free Cash Flow | 367.79M | 247.29M | 123.95M | 66.77M | 324.92M | 192.06M |
| Free Cash Flow Margin | 11.81% | 8.50% | 4.36% | 2.64% | 12.09% | 13.07% |
| Free Cash Flow Per Share | 1.47 | 0.94 | 1.07 | 0.55 | 1.10 | 2.12 |
| Levered Free Cash Flow | 355.09M | 279.91M | 166.03M | 163.49M | 414.19M | 563.37M |
| Unlevered Free Cash Flow | 413.85M | 340.19M | 223.73M | 220.14M | 461.73M | 583.49M |
| Cash Interest Paid | 92.63M | 94.42M | 91.05M | 87.07M | 70.94M | 23.53M |
| Cash Income Tax Paid | 21.91M | 22.95M | 23.91M | 45.54M | 41.23M | 58.58M |
| Change in Working Capital | 49.15M | -32.12M | -182.77M | -195.00M | -34.76M | -34.85M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.60B | 1.23B | 756.31M | 799.81M | 812.20M | 981.47M |
| Enterprise Value | 4.13B | 2.94B | 2.86B | 2.97B | 2.96B | 3.43B |
| Last Close Price | 10.47 | 4.89 | 6.58 | 6.63 | 6.21 | 8.67 |
| PE Ratio | 268.34 | 42.37 | 334.80 | 5,968.70 | 40.77 | |
| Forward PE | 8.52 | 4.95 | 7.62 | 8.03 | 16.78 | |
| PS Ratio | 0.83 | 0.42 | 0.27 | 0.32 | 0.30 | 0.67 |
| PB Ratio | 3.69 | 1.54 | 0.96 | 0.96 | 0.84 | 1.06 |
| P/FCF Ratio | 7.06 | 4.99 | 6.10 | 11.98 | 2.50 | 5.11 |
| P/OCF Ratio | 6.29 | 4.24 | 5.29 | 9.87 | 2.34 | 4.89 |
| PEG Ratio | 0.41 | 0.20 | 0.35 | 0.17 | ||
| EV/Sales Ratio | 1.33 | 1.01 | 1.01 | 1.18 | 1.10 | 2.33 |
| EV/EBITDA Ratio | 12.28 | 9.10 | 9.25 | 12.14 | 7.21 | 24.73 |
| EV/EBIT Ratio | 26.42 | 19.35 | 18.15 | 29.16 | 10.59 | 56.05 |
| EV/FCF Ratio | 11.23 | 11.89 | 23.10 | 44.51 | 9.10 | 17.85 |
| Debt / Equity Ratio | 2.28 | 2.00 | 2.11 | 1.79 | 1.61 | 1.74 |
| Debt / EBITDA Ratio | 4.01 | 3.98 | 4.15 | 4.49 | 3.17 | 8.54 |
| Debt / FCF Ratio | 4.53 | 6.49 | 13.39 | 22.36 | 4.79 | 8.37 |
| Net Debt / Equity Ratio | 2.10 | 1.87 | 1.95 | 1.64 | 1.38 | 1.54 |
| Net Debt / EBITDA Ratio | 4.56 | 4.64 | 4.94 | 5.61 | 3.25 | 10.26 |
| Net Debt / FCF Ratio | 4.17 | 6.07 | 12.33 | 20.57 | 4.11 | 7.41 |
| Asset Turnover | 0.73 | 0.72 | 0.74 | 0.65 | 0.67 | 0.58 |
| Quick Ratio | 0.69 | 0.70 | 0.77 | 0.69 | 0.70 | 0.73 |
| Current Ratio | 0.81 | 0.79 | 0.83 | 0.75 | 0.75 | 0.78 |
| Return on Equity (ROE) | 1.66% | 3.86% | 3.09% | 4.62% | 5.29% | 5.44% |
| Return on Assets (ROA) | 2.31% | 2.34% | 2.57% | 1.64% | 4.34% | 1.51% |
| Return on Invested Capital (ROIC) | 1.93% | 2.93% | 4.57% | 2.29% | 7.97% | 2.54% |
| Return on Capital Employed (ROCE) | 5.80% | 5.60% | 6.20% | 4.30% | 10.60% | 2.20% |
| Earnings Yield | 0.37% | 2.36% | 0.30% | 0.02% | 2.45% | 2.14% |
| FCF Yield | 14.17% | 20.06% | 16.39% | 8.35% | 40.01% | 19.57% |
| Payout Ratio | 974.18% | |||||
| Buyback Yield / Dilution | -7.55% | -128.53% | 5.25% | 58.81% | -228.00% |