| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 71 | 20.8x | 17.8x | Top tier | |
Growth | 65 | 19.0% | 7.1% | Around median | |
Quality | 77 | 11.9% | 4.5% | Top tier | |
Safety | 66 | 1.9x | 2.6x | Around median | |
Capital Return | 50 | 0.91% | 2.12% | Around median | |
Momentum | 9 | -34.0% | 2.9% | Bottom tier | |
Sentiment | 88 | 7 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Stantec Inc. provides engineering, architecture, integrated design, environmental consulting, and infrastructure project management services. It generates revenue from water, buildings, transportation, energy and resources, environmental services, advanced manufacturing, and data center projects across the United States, Canada, and global markets, through a mix of organic growth and acquisitions such as Page and Niche.
In Q2 fiscal 2026, gross revenue reached C$2.2 billion and net revenue reached C$1.8 billion, up 11.5% from Q2 fiscal 2025. Growth consisted of 3.7% organic growth and 7.1% acquisition growth, while project margins increased 30 basis points to 54.5%, and the adjusted EBITDA margin rose 90 basis points to a second-quarter record of 18.7%. Adjusted earnings per share increased 18.4% to C$1.61.
The geographic mix showed clear divergence in Q2 fiscal 2026: U.S. net revenue increased by approximately 13%, supported by Page despite flat organic growth; Canada achieved organic growth of 2.4%; and Global operations revenue rose by more than 18%, with organic growth of approximately 13%. On an annual basis, revenue increased from $7.5 billion in fiscal 2024 to $8.1 billion in fiscal 2025, net income rose from $361.5 million to $479.4 million, and earnings per share increased from $3.17 to $4.20.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus rating on STN is Neutral, with an average price target of $62.07 and nearly identical highest and lowest targets of $62.0683. This target is below the 52-week range of $66.26–$114.52, so the available consensus data provides a more conservative signal than the annual trading history and does not show a broad range of estimates capable of supporting differing valuation scenarios.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Net revenue increased 11.5% to C$1.8 billion, driven by organic growth of 3.7% and acquisition growth of 7.1%. Page contributed significantly to U.S. growth, while Global operations achieved organic growth of approximately 13%. The Water segment was among the most prominent drivers, with organic growth of approximately 12% companywide and more than 20% in Global operations.
Contract backlog reached C$9.2 billion at the end of Q2 fiscal 2026, up 17.5% year over year. This backlog represents approximately 13 months of work and grew organically by 7%. Global operations recorded backlog growth of approximately 25%, while backlog growth in the Buildings segment exceeded 40%, supported by fiscal 2025 acquisitions.
Management expects net revenue growth of between 8.5% and 11.5% during fiscal 2026, with total organic growth in the mid-single digits. It raised the adjusted EBITDA margin range to 17.8%–18.3%. It also maintained its adjusted earnings-per-share growth target of 15%–18% and expects mid-single-digit organic growth in the United States and Canada and high-single-digit organic growth in Global operations.
The Water segment achieved organic growth of approximately 12% in Q2 fiscal 2026, supported by wastewater treatment projects and long-term infrastructure agreements. The company was selected to provide preliminary services for the Drake facility in Colorado, with a capacity of 23 million gallons per day. In data centers, Stantec will provide architecture, engineering, and integrated design services for the announced C$13 billion Meta project in Alberta.
Gordon Johnston said on the August 13, 2026 call that it was his final call as President and Chief Executive Officer. According to the announcement referenced on the call, he will retire from the role effective October 1, 2026 and transition to Vice Chair of Stantec's Board of Directors. He explained that Susan Reisbord will lead the company and that he will remain closely involved to support her and the team through his role on the Board.
Cash flow from operations was C$116 million during the first half of fiscal 2026, while days sales outstanding were 75 days. The company repurchased approximately 1.7 million shares during Q2 fiscal 2026 for approximately C$175 million, with leverage remaining at 1.3 times. It also completed the acquisition of Niche, an Australian company with 200 employees, on July 31, 2026, and intends to request greater flexibility under the repurchase program by raising the limit from 2% to 5%.
