NYSE : STN
Stantec Inc. — Financial statements
Industrials · Engineering & Construction · Canada
Last price 72.31 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 8.13B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Stantec Inc. (STN) reported revenue of 6.82B CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.82B | 6.49B | 5.87B | 5.07B | 4.46B | 3.64B |
| Cost of Revenue | 3.11B | 2.97B | 2.67B | 2.32B | 2.04B | 1.67B |
| Gross Profit | 3.71B | 3.53B | 3.20B | 2.74B | 2.42B | 1.96B |
| Selling, General & Admin | 2.49B | 2.40B | 2.22B | 1.91B | 1.70B | 1.42B |
| Amortization of Goodwill & Intangibles | 170.40M | 147.50M | 123.80M | 102.00M | 104.60M | 60.00M |
| Operating Expenses | 2.87B | 2.75B | 2.54B | 2.19B | 1.98B | 1.65B |
| Operating Income | 835.70M | 776.70M | 655.20M | 554.90M | 433.10M | 317.90M |
| Interest Expense | -123.70M | -115.10M | -117.80M | -102.70M | -69.60M | -42.70M |
| Interest & Investment Income | 14.90M | 14.90M | 14.20M | 11.70M | 5.60M | 4.80M |
| Currency Exchange Gain (Loss) | -3.40M | -4.00M | ||||
| Other Non Operating Income (Expenses) | 1.00M | 2.60M | -4.90M | -7.90M | -7.50M | -4.10M |
| EBT Excluding Unusual Items | 727.90M | 679.10M | 546.70M | 456.00M | 358.20M | 271.90M |
| Merger & Restructuring Charges | -55.80M | -56.90M | -64.20M | -59.10M | -41.80M | -24.80M |
| Gain (Loss) on Sale of Investments | 15.30M | 13.80M | 10.70M | 11.10M | -2.40M | 15.90M |
| Gain (Loss) on Sale of Assets | 7.00M | 5.60M | ||||
| Asset Writedown | -19.80M | -6.00M | -34.90M | -300.00K | 5.50M | |
| Pretax Income | 667.60M | 630.00M | 465.30M | 407.70M | 325.10M | 263.00M |
| Income Tax Expense | 162.60M | 150.60M | 103.80M | 91.20M | 78.10M | 62.30M |
| Earnings From Continuing Operations | 505.00M | 479.40M | 361.50M | 316.50M | 247.00M | 200.70M |
| Net Income | 505.00M | 479.40M | 361.50M | 316.50M | 247.00M | 200.70M |
| Net Income to Common | 505.00M | 479.40M | 361.50M | 316.50M | 247.00M | 200.70M |
| Shares Outstanding (Basic) | 113.94M | 114.07M | 114.07M | 111.23M | 110.94M | 111.24M |
| Shares Outstanding (Diluted) | 113.94M | 114.07M | 114.07M | 111.23M | 111.07M | 111.62M |
| EPS (Basic) | 4.43 | 4.20 | 3.17 | 2.85 | 2.23 | 1.80 |
| EPS (Diluted) | 4.43 | 4.20 | 3.17 | 2.85 | 2.22 | 1.80 |
| Free Cash Flow | 666.20M | 791.00M | 504.10M | 419.40M | 229.40M | 351.20M |
| Free Cash Flow Per Share | 5.85 | 6.93 | 4.42 | 3.77 | 2.06 | 3.15 |
| Dividend Per Share | 0.94 | 0.90 | 0.84 | 0.78 | 0.72 | 0.66 |
| Gross Margin | 54.33% | 54.34% | 54.47% | 54.18% | 54.23% | 54.00% |
| Operating Margin | 12.25% | 11.96% | 11.17% | 10.95% | 9.72% | 8.74% |
| Profit Margin | 7.41% | 7.38% | 6.16% | 6.25% | 5.54% | 5.52% |
| Free Cash Flow Margin | 9.77% | 12.18% | 8.59% | 8.28% | 5.15% | 9.66% |
| EBITDA | 1.03B | 947.90M | 812.50M | 682.40M | 568.80M | 411.40M |
| EBITDA Margin | 15.11% | 14.59% | 13.85% | 13.47% | 12.76% | 11.31% |
| D&A For EBITDA | 195.00M | 171.20M | 157.30M | 127.50M | 135.70M | 93.50M |
| EBIT | 835.70M | 776.70M | 655.20M | 554.90M | 433.10M | 317.90M |
| EBIT Margin | 12.25% | 11.96% | 11.17% | 10.95% | 9.72% | 8.74% |
| Effective Tax Rate | 24.36% | 23.91% | 22.31% | 22.37% | 24.02% | 23.69% |
| Revenue as Reported | 6.82B | 6.49B | 5.87B | 5.07B | 4.46B | 3.64B |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 377.30M | 398.10M | 228.50M | 352.90M | 148.30M | 193.90M |
| Short-Term Investments | 6.40M | 6.00M | 400.00K | |||
| Cash & Short-Term Investments | 377.30M | 404.50M | 234.50M | 353.30M | 148.30M | 193.90M |
| Accounts Receivable | 2.34B | 2.13B | 2.12B | 1.73B | 1.63B | 1.28B |
| Other Receivables | 185.90M | 173.80M | 105.80M | 120.00M | 105.30M | 121.40M |
| Receivables | 2.53B | 2.31B | 2.23B | 1.85B | 1.73B | 1.40B |
| Prepaid Expenses | 91.80M | 66.70M | 64.30M | 53.80M | 48.60M | 45.80M |
| Other Current Assets | 21.70M | 12.80M | 21.50M | 16.70M | 10.20M | 23.50M |
| Total Current Assets | 3.02B | 2.79B | 2.55B | 2.27B | 1.94B | 1.66B |
| Property, Plant & Equipment | 862.40M | 853.80M | 773.30M | 710.40M | 721.10M | 710.20M |
| Long-Term Investments | 125.30M | 116.70M | 126.80M | |||
| Goodwill | 3.32B | 3.22B | 2.71B | 2.07B | 2.35B | 2.18B |
| Other Intangible Assets | 530.40M | 594.50M | 427.00M | 265.70M | 320.40M | 373.30M |
| Long-Term Deferred Tax Assets | 105.00M | 115.40M | 119.30M | 92.60M | 45.20M | 48.30M |
| Other Long-Term Assets | 358.90M | 255.30M | 258.30M | 224.70M | 282.00M | 245.90M |
| Total Assets | 8.19B | 7.96B | 6.96B | 5.77B | 5.65B | 5.23B |
| Accounts Payable | 1.02B | 503.50M | 447.60M | 351.90M | 300.60M | 213.10M |
| Accrued Expenses | 12.50M | 621.80M | 571.10M | 490.50M | 455.10M | 421.60M |
| Short-Term Debt | 21.30M | 29.60M | 17.10M | 23.60M | 65.40M | 7.20M |
| Current Portion of Long-Term Debt | 149.80M | 291.00M | 175.00M | 124.00M | 52.20M | 51.00M |
| Current Portion of Leases | 112.00M | 113.60M | 113.60M | 101.30M | 99.00M | 123.90M |
| Current Income Taxes Payable | 36.00M | 26.50M | 32.30M | 21.40M | 25.90M | 26.60M |
| Current Unearned Revenue | 555.40M | 581.70M | 502.40M | 397.50M | 327.70M | 264.80M |
| Other Current Liabilities | 105.00M | 98.30M | 119.90M | 106.70M | 84.10M | 71.20M |
| Total Current Liabilities | 2.01B | 2.27B | 1.98B | 1.62B | 1.41B | 1.18B |
| Long-Term Debt | 1.85B | 1.53B | 1.21B | 974.20M | 1.18B | 1.19B |
| Long-Term Leases | 616.70M | 585.40M | 528.60M | 477.80M | 522.40M | 545.00M |
| Pension & Post-Retirement Benefits | 20.10M | 18.90M | 22.40M | 29.50M | 32.30M | 58.70M |
| Long-Term Deferred Tax Liabilities | 76.70M | 72.60M | 63.60M | 26.40M | 28.20M | 77.50M |
| Other Long-Term Liabilities | 227.40M | 246.30M | 208.90M | 190.40M | 190.40M | 169.50M |
| Total Liabilities | 4.80B | 4.72B | 4.01B | 3.32B | 3.37B | 3.22B |
| Common Stock | 1.25B | 1.27B | 1.27B | 1.27B | 983.80M | 972.40M |
| Additional Paid-In Capital | 5.40M | 5.50M | 5.50M | 5.50M | 6.70M | 10.60M |
| Retained Earnings | 1.80B | 1.75B | 1.37B | 1.10B | 1.15B | 1.04B |
| Comprehensive Income & Other | 340.50M | 216.60M | 297.90M | 69.80M | 140.60M | -24.70M |
| Total Common Equity | 3.39B | 3.24B | 2.95B | 2.45B | 2.29B | 2.00B |
| Minority Interest | 500.00K | |||||
| Shareholders' Equity | 3.39B | 3.24B | 2.95B | 2.45B | 2.29B | 2.00B |
| Total Liabilities & Equity | 8.19B | 7.96B | 6.96B | 5.77B | 5.65B | 5.23B |
| Total Debt | 2.75B | 2.55B | 2.04B | 1.70B | 1.92B | 1.92B |
| Net Cash (Debt) | -2.37B | -2.14B | -1.81B | -1.35B | -1.77B | -1.73B |
| Net Cash Per Share | -20.81 | -18.78 | -15.85 | -12.12 | -15.97 | -15.48 |
| Filing Date Shares Outstanding | 112.40M | 114.07M | 114.07M | 114.07M | 110.87M | 111.40M |
| Total Common Shares Outstanding | 112.40M | 114.07M | 114.07M | 114.07M | 110.81M | 111.33M |
| Working Capital | 1.01B | 524.80M | 570.00M | 655.60M | 527.80M | 485.00M |
| Book Value Per Share | 30.20 | 28.41 | 25.82 | 21.49 | 20.63 | 17.98 |
| Tangible Book Value | -452.40M | -575.90M | -194.40M | 111.80M | -380.80M | -555.90M |
| Tangible Book Value Per Share | -4.02 | -5.05 | -1.70 | 0.98 | -3.44 | -4.99 |
| Machinery | 274.50M | 251.80M | 229.20M | 218.70M | 212.30M | |
| Leasehold Improvements | 268.40M | 258.90M | 238.20M | 248.10M | 243.90M | |
| Order Backlog | 8.57B | 7.82B | 6.31B | 5.90B | 5.13B |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 505.00M | 479.40M | 361.50M | 316.50M | 247.00M | 200.70M |
| Depreciation & Amortization | 335.10M | 304.80M | 284.40M | 249.20M | 257.80M | 201.40M |
| Other Amortization | 46.90M | 46.90M | 34.20M | 34.40M | 25.70M | 20.40M |
| Asset Writedown & Restructuring Costs | 19.80M | 6.00M | 34.90M | 300.00K | 24.80M | |
| Loss (Gain) From Sale of Investments | -13.90M | |||||
| Stock-Based Compensation | 36.30M | 40.30M | 43.00M | 60.10M | 26.00M | 46.70M |
| Other Operating Activities | 138.70M | 107.90M | 21.30M | -28.20M | 1.80M | 43.30M |
| Change in Accounts Receivable | -199.70M | 94.80M | -195.20M | -102.50M | -360.30M | -58.30M |
| Change in Accounts Payable | -92.00M | -108.70M | -59.60M | -59.60M | 22.80M | -65.80M |
| Change in Unearned Revenue | -35.90M | -38.90M | 47.50M | 72.20M | 65.20M | 34.90M |
| Change in Income Taxes | -1.00M | -72.90M | 27.70M | -17.60M | 21.10M | -39.10M |
| Change in Other Net Operating Assets | -8.70M | 3.30M | 3.40M | -4.80M | -2.80M | 1.90M |
| Operating Cash Flow | 744.50M | 862.90M | 603.10M | 520.00M | 304.30M | 397.00M |
| Capital Expenditures | -78.30M | -71.90M | -99.00M | -100.60M | -74.90M | -45.80M |
| Cash Acquisitions | -417.20M | -454.00M | -555.00M | -75.60M | -50.40M | -702.50M |
| Sale (Purchase) of Intangibles | -4.80M | |||||
| Other Investing Activities | 24.80M | -8.20M | 49.00M | -25.50M | 51.50M | -11.70M |
| Investing Cash Flow | -470.70M | -534.10M | -605.00M | -201.70M | -73.80M | -764.80M |
| Short-Term Debt Issued | 12.00M | 65.40M | ||||
| Long-Term Debt Issued | 422.80M | 175.00M | 348.80M | 544.70M | ||
| Total Debt Issued | 351.20M | 434.80M | 175.00M | 348.80M | 65.40M | 544.70M |
| Short-Term Debt Repaid | -7.90M | -42.40M | ||||
| Long-Term Debt Repaid | -473.30M | -225.20M | -607.90M | -236.60M | -186.40M | |
| Lease Payments | -159.90M | -149.50M | -124.10M | -125.00M | -153.70M | -128.40M |
| Total Debt Repaid | -348.80M | -473.30M | -233.10M | -650.30M | -236.60M | -186.40M |
| Net Debt Issued (Repaid) | 2.40M | -38.50M | -58.10M | -301.50M | -171.20M | 358.30M |
| Issuance of Common Stock | 277.80M | 18.00M | 41.20M | |||
| Repurchase of Common Stock | -175.90M | -65.30M | -50.70M | |||
| Common Dividends Paid | -105.00M | -101.00M | -94.00M | -84.90M | -78.20M | -72.30M |
| Other Financing Activities | -700.00K | |||||
| Financing Cash Flow | -278.50M | -139.50M | -152.10M | -109.30M | -296.70M | 276.50M |
| Foreign Exchange Rate Adjustments | 24.50M | -19.70M | 29.60M | -4.40M | 27.80M | -6.80M |
| Net Cash Flow | 32.80M | 169.60M | -124.40M | 204.60M | -38.40M | -98.10M |
| Free Cash Flow | 666.20M | 791.00M | 504.10M | 419.40M | 229.40M | 351.20M |
| Free Cash Flow Margin | 9.77% | 12.18% | 8.59% | 8.28% | 5.15% | 9.66% |
| Free Cash Flow Per Share | 5.85 | 6.93 | 4.42 | 3.77 | 2.06 | 3.15 |
| Levered Free Cash Flow | 650.60M | 820.30M | 508.48M | 570.62M | 338.89M | 329.80M |
| Unlevered Free Cash Flow | 727.91M | 892.24M | 582.10M | 634.81M | 382.39M | 356.49M |
| Free Cash Flow After Leases | 506.30M | 641.50M | 380.00M | 294.40M | 75.70M | 222.80M |
| Cash Interest Paid | 36.40M | |||||
| Cash Income Tax Paid | 97.20M | 179.30M | 112.70M | 143.60M | 91.20M | 89.00M |
| Change in Working Capital | -337.30M | -122.40M | -176.20M | -112.30M | -254.00M | -126.40M |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.59B | 10.78B | 8.94B | 9.19B | 5.31B | 6.24B |
| Enterprise Value | 10.29B | 12.49B | 10.38B | 10.59B | 6.71B | 7.07B |
| Last Close Price | 76.28 | 93.69 | 77.38 | 78.51 | 46.52 | 53.94 |
| PE Ratio | 24.09 | 30.82 | 35.59 | 38.34 | 29.09 | 39.37 |
| PS Ratio | 1.79 | 2.27 | 2.19 | 2.40 | 1.61 | 2.17 |
| PB Ratio | 3.59 | 4.56 | 4.37 | 4.95 | 3.14 | 3.95 |
| P/TBV Ratio | 108.54 | |||||
| P/FCF Ratio | 18.04 | 18.68 | 25.52 | 28.93 | 31.33 | 22.50 |
| P/OCF Ratio | 16.14 | 17.12 | 21.33 | 23.34 | 23.62 | 19.90 |
| EV/Sales Ratio | 2.14 | 2.64 | 2.54 | 2.76 | 2.04 | 2.46 |
| EV/EBITDA Ratio | 14.17 | 18.06 | 18.38 | 20.49 | 15.97 | 21.76 |
| EV/EBIT Ratio | 17.48 | 22.04 | 22.79 | 25.20 | 20.98 | 28.16 |
| EV/FCF Ratio | 21.61 | 21.64 | 29.62 | 33.34 | 39.61 | 25.49 |
| Debt / Equity Ratio | 0.81 | 0.79 | 0.69 | 0.69 | 0.84 | 0.96 |
| Debt / EBITDA Ratio | 2.35 | 2.35 | 2.17 | 2.12 | 2.78 | 3.70 |
| Debt / FCF Ratio | 4.12 | 3.22 | 4.05 | 4.06 | 8.38 | 5.47 |
| Net Debt / Equity Ratio | 0.70 | 0.66 | 0.61 | 0.55 | 0.78 | 0.86 |
| Net Debt / EBITDA Ratio | 2.30 | 2.26 | 2.23 | 1.98 | 3.12 | 4.20 |
| Net Debt / FCF Ratio | 3.56 | 2.71 | 3.59 | 3.21 | 7.74 | 4.92 |
| Asset Turnover | 0.90 | 0.87 | 0.92 | 0.89 | 0.82 | 0.76 |
| Quick Ratio | 1.45 | 1.20 | 1.25 | 1.36 | 1.33 | 1.35 |
| Current Ratio | 1.50 | 1.23 | 1.29 | 1.41 | 1.37 | 1.41 |
| Return on Equity (ROE) | 15.69% | 15.50% | 13.40% | 13.36% | 11.52% | 10.21% |
| Return on Assets (ROA) | 6.89% | 6.51% | 6.44% | 6.07% | 4.98% | 4.13% |
| Return on Invested Capital (ROIC) | 11.12% | 11.66% | 11.90% | 10.96% | 8.45% | 7.28% |
| Return on Capital Employed (ROCE) | 13.50% | 13.60% | 13.20% | 13.40% | 10.20% | 7.90% |
| Earnings Yield | 4.15% | 3.25% | 2.81% | 2.61% | 3.44% | 2.54% |
| FCF Yield | 5.54% | 5.35% | 3.92% | 3.46% | 3.19% | 4.44% |
| Dividend Yield | 0.90% | 0.69% | 0.74% | 0.73% | 1.11% | 0.93% |
| Payout Ratio | 21.63% | 21.07% | 26.00% | 26.82% | 31.66% | 36.02% |
| Buyback Yield / Dilution | 0.11% | -2.55% | -0.14% | 0.49% | 0.30% | |
| Total Shareholder Return | 1.01% | 0.69% | -1.81% | 0.59% | 1.60% | 1.23% |