Stantec Inc. STN

TSX | Industrials | Engineering and architecture consulting services
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Updated: 13 Nov 2026 Base analysis: 13 Aug 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Clear

A full position may be justified at current valuation if Q3 confirms margin trends.

Stable growth, strong backlog and raised guidance support the HOLD signal while leverage and project dependency limit upside.

Market sentiment Neutral ↑
Trend: Improving

The market reacts positively to the strong backlog and improved margin outlook.

Risk assessment Low
Dilution: Low Profitable operations and share buybacks
Jurisdiction: Low Operations mainly in Canada, USA and Australia
Execution: Medium Dependent on acquisition integration and large projects

HOLD is the call. Neutral is the market mood. Low risk means less can go wrong.

Latest change
  • 13 Nov 2026 — The report showed strong growth and margin improvement driven by increased demand in infrastructure projects.

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About the company

Stantec is a global consulting firm focused on design, engineering, architecture and environmental services. Operations center on infrastructure, water, energy transition and sustainability projects. The company employs around 32,000 people and operates primarily in North America, the UK and Australia.

Sector: Engineering and architecture consulting services
Type: Industrial
Next report (Q4)
12 Feb 2027
Bull case

Record backlog and raised margin guidance support continued organic growth.

Bear case

High leverage and reliance on public infrastructure projects create risk of delays.

Why this signal

Stable growth, strong backlog and raised guidance support the HOLD signal while leverage and project dependency limit upside.

Recent news
  • Q3 report on 12 November showed 9.4 % revenue growth, adjusted EBITDA margin of 20.2 % and raised full-year guidance. The company has repurchased shares for 350 M CAD year-to-date and declared a dividend.

Key figures

Revenue
Q2 2026
USD 1.8B
EBITDA
Q2 2026
USD 333M
Net income
Q3 2026
CAD 180M
Cash
Q1 2026
CAD 358M
Total debt
Q1 2026
CAD 1,843M
Gross margin
Q2 2026
18.7%
Shares outstanding
Q3 2026
112,106,854
EPS
Q3 2026
CAD 1.60
Exchange
TSX
Type
Industrials
Sector
Engineering and architecture consulting services
Stantec Inc. STN
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.