Company Overview

Stantec Inc. is a Canada-based company founded in 1954 and headquartered in Edmonton, Canada. It has established itself as a global leader in sustainable design and engineering. The company provides professional services across a wide range of disciplines, including engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics. Stantec serves both public and private sectors in Canada, the United States, and internationally.

The company is a key player in delivering solutions for infrastructure and facilities, offering expertise in evaluation, planning, and design for transportation, community development, and urban spaces. Stantec is committed to sustainable practices, integrating environmental considerations into its project lifecycles from planning and design through construction, maintenance, and remediation.

Business Operations and Service Segments

Stantec operates through several business operating units, including Environmental Services, Infrastructure, Water, Buildings, and Energy & Resources. The company offers a comprehensive suite of services, including:

- Infrastructure: Evaluating, planning, and designing infrastructure solutions for transportation, community development, and urban spaces.

- Water: Sustainable water resource management, planning, and infrastructure solutions.

- Buildings: Integrated architecture, engineering, interior design, and planning solutions for various building types.

- Energy & Resources: Providing consulting services for the energy sector.

- Environmental Services: Delivering environmental consulting and remediation services.

The Infrastructure business unit is a significant contributor to the company's revenue.

Financial Performance and Market Position

Stantec has demonstrated strong financial performance, with 2024 being a record-setting year, marking the first year of its 2024-2026 Strategic Plan. The company is recognized globally for its commitment to sustainability.

Stantec was ranked #8 among the world's most sustainable corporations by Corporate Knights and was the top-ranked firm among its peers. A significant portion of its revenue, $4.63 billion, was generated from projects supporting UN Sustainable Development Goals, representing 62% of its gross revenue. The company has achieved operational carbon neutrality for three consecutive years and maintains a CDP A- rating for climate progress for seven consecutive years.

Key Financial Metrics

2024 Full Year Performance:

- Net Revenue: Increased by 15.8% to $5.9 billion, driven by 7.4% organic growth and 7.5% acquisition growth.

- Adjusted EBITDA: Grew by 18% to $980 million.

- Adjusted EBITDA Margin: Reached a record 16.7%, a 30 basis point increase.

- Diluted Earnings Per Share (EPS): $3.17.

- Adjusted Diluted EPS: $4.42.

- Backlog: $7.8 billion, up 24.1% since December 31, 2023.

Q3 2024 Performance:

- Net Revenue: Increased by 15.8% year-over-year to $1.5 billion, with 7.8% acquisition and 6.5% organic net revenue growth.

- Organic Growth: Double-digit growth in Water (11.9%) and Buildings (10.0%) businesses.

Q4 2024 Performance:

- Net Revenue: Increased by 19.0% to $1.5 billion, with 9.3% organic growth.

- Adjusted EBITDA: Rose by 26.7% to $246.5 million.

- Adjusted Diluted EPS: Increased by 35.4% to $1.11.

Market Capitalization & Stock Performance

As of September 2025, Stantec stock was trading at $106.99 per share, giving it a total market capitalization of $12.20 billion. The company has 114,066,995 outstanding shares.

- 52-Week High: $113.50

- 52-Week Low: $73.18

Future Growth Plans and Strategic Initiatives

Stantec has set ambitious goals as part of its 2024-2026 Strategic Plan.

- 2025 Outlook: The company projects net revenue growth between 7% and 10%.

- Adjusted EBITDA Margin: Expected to be between 16.7% and 17.3%.

- Adjusted EPS Growth: Projected at 16% to 19%.

Dividend Information

- A dividend of $0.225 per share was declared, representing a 7.1% increase, payable on April 15, 2025.

- Another dividend of $0.225 per share was declared on August 13, 2025, payable on October 15, 2025.

Recent Strategic Developments

Stantec's recent activities highlight its strategic focus and growth trajectory:

- Major Projects: Partnered with Cadiz Inc. for the $800 million Mojave Groundwater Bank project, a significant new water infrastructure initiative in the Southwest.

- Acquisitions: Acquired Ryan Hanley, a 150-person Irish engineering and environmental consultancy, to strengthen its presence in Ireland, particularly in the water sector.

Stantec's strong financial performance, robust project pipeline, leadership in sustainable engineering, and diversified service offerings position it as a key global player in the infrastructure and environmental consulting markets, supporting its continued growth.