Strategic acquisitions and expansion into new regions drive diversification and recurring revenue, while emphasis on digital transformation and higher-margin consulting services support profit margin growth. Recent acquisitions position Stantec as the second largest architecture firm in the US with a $7.8 billion backlog, demonstrating strong competitive positioning and near-term revenue visibility.
Cyborg Score Rationale
Q3 2025 net revenue reached $1.7 billion with 11.8% growth and adjusted EBITDA margin expansion to 19.0%. Delivered record 2024 results with 15.8% revenue growth and 26.7% EBITDA increase driven by organic growth, acquisitions, and margin expansion. Strong organic and acquisition-driven growth with margin expansion supports sustainable value creation.
Top Insights
Market capitalization of $12 billion with trailing twelve month revenue of $5.7 billion
Operates through five business units: Environmental Services, Infrastructure, Water, Buildings, and Energy & Resources
Stock performance exceeded Canadian Construction industry, returning over 22.7% in past year
Upcoming Q4 2025 and full year earnings release on February 25, 2026 with conference call February 26, 2026
Named Competitors
WSP Global — Global professional services firm for infrastructure and engineering
AtkinsRéalis — Engineering, project management, and consulting services
Jacobs Solutions — Critical mission solutions and professional services
Tetra Tech — Engineering and consulting services for infrastructure and environment
Recent Developments
(December 2025) Awarded second phase of European Commission's Global Technical Assistance Facility for Sustainable Energy
(November 2025) Q3 2025 strong earnings with 11.8% revenue growth and 100 bps EBITDA margin expansion
(April 2025) Major acquisition positioning Stantec as second largest US architecture firm
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