Stantec (STN)

Market Price (10/2/2026): $67.14 | Market Cap: $7.6 BilSector: Industrials | Industry: Construction & Engineering

Stantec (STN)

Market Price (10/2/2026): $67.14
Market Cap: $7.6 Bil
Sector: Industrials
Industry: Construction & Engineering

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Megatrend and thematic drivers
Megatrends include Water Infrastructure, and Sustainable & Green Buildings. Themes include Water Treatment & Delivery, Wastewater Management, Show more.

Key risks
STN key risks include [1] margin and execution challenges arising from the integration of disparate cultures and systems of acquired companies as part of its global expansion strategy.

0	Megatrend and thematic drivers Megatrends include Water Infrastructure, and Sustainable & Green Buildings. Themes include Water Treatment & Delivery, Wastewater Management, Show more.
1	Key risks STN key risks include [1] margin and execution challenges arising from the integration of disparate cultures and systems of acquired companies as part of its global expansion strategy.

Valuation & Metrics

FYE: 12/31	Forward FYE		Now	Historical (CYE & TTM)
	2027	2026	10/2/26	2025	2024	2023	2022
Share Price			$67.14	$94.36	$78.45	$80.19	$47.94
Mkt Cap ($ Bil)			7.6	10.8	8.9	9.0	5.3
+ Debt ($ Bil)			2.7	2.5	2.0	1.7	1.9
- Cash ($ Bil)			0.4	0.4	0.3	0.4	0.2
TEV ($ Bil)			10.0	13.3	10.9	10.7	7.2
Valuation Ratios
P/S	1.0	1.1	0.9	1.3	1.2	1.4	0.9
P/EBIT	9.1	10.1	9.6	14.7	14.9	17.2	13.5
P/E	13.6	15.4	15.1	22.5	24.8	27.7	21.5
P/FCF	—	—	11.5	13.6	17.8	20.5	23.1
Sector Ratios (* = sector average)
P/S *			1.6	1.7	1.6	1.5	1.2
P/EBIT *			11.2	12.0	12.1	11.6	9.7
P/E *			16.4	16.9	17.1	16.0	13.0
P/FCF *			12.5	12.5	14.3	12.0	9.8

FYE: 12/31	Forward FYE		Now
	2027	2026	10/2/26
Share Price			$67.14
Mkt Cap ($ Bil)			7.6
+ Debt ($ Bil)			2.7
- Cash ($ Bil)			0.4
TEV ($ Bil)			10.0
Valuation Ratios
P/S	1.0	1.1	0.9
P/EBIT	9.1	10.1	9.6
P/E	13.6	15.4	15.1
P/FCF	—	—	11.5
Sector Ratios (* = sector average)
P/S *			1.6
P/EBIT *			11.2
P/E *			16.4
P/FCF *			12.5

FYE: 12/31	STN [1]	S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]	$8.6 Bil	—
FY 2026 Sales	$7.1 Bil	—
FY 2027 Sales	$7.5 Bil	—
FY 2026 Sales Growth	-17.3%	—
FY 2027 Sales Growth	6.0%	12.9%
EARNINGS
LTM Net Income (GAAP) [3]	$505.0 Mil	—
FY 2026 Net Income (Non-GAAP)	$495.8 Mil	—
FY 2027 Net Income (Non-GAAP)	$561.9 Mil	—
FY 2027 Net Income Growth	13.3%	18.3%
FY 2026 EPS (Non-GAAP)	$4.36	—
FY 2027 EPS (Non-GAAP)	$4.87	—
FY 2027 EPS Growth	11.8%	—
VALUATION
FY 2026 P/S	1.1	1.6
FY 2027 P/S	1.0	—
FY 2026 P/E	15.4	7.6
FY 2027 P/E	13.6	—

[1] STN forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 10/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).

	STN	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	8.6
Rev Chg Q	13.4%	9.3%
Rev Chg LTM	10.0%	8.3%
Rev Chg 3Y Avg	11.5%	5.8%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	0.8
CFO LTM ($ Bil)	0.7
Net Inc LTM ($ Bil)	0.5
Op Mgn LTM	9.1%	18.6%
CFO/Rev LTM	8.7%	21.8%
Net Inc Mgn	5.9%	13.1%
VALUATION	LOW
P/S	0.9	3.0
P/CFO	10.3	14.2
P/FCF	11.5	18.7
P/E	15.1	21.4
STABILITY	FAIR
Debt/Equity	0.36	0.21
Cash/Assets	0.05	0.07

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Metric	Value	Date	Source
Contract Backlog	C$7.9 billion	6302025	Link
Number of Employees	32000	12312024	Link
Repeat Business Rate	95%	12312023	Link
Number of Locations	more than 450	1012024	Link
Voluntary Turnover Rate	one of the lowest among peers of our size	2242024	Link

Price Chart

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Why The Stock Moved

Qualitative Assessment

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Updated on 10/1/2026

Stantec (STN) stock has remained largely at the same level since 6/30/2026 because of the following key factors:

1. Solid Company Fundamentals Provided Support Amidst Market Volatility.

Stantec ended its fiscal second quarter of 2026 (ending June 30, 2026) with a record contract backlog of C$9.2 billion, representing approximately 13 months of work and a 17.5% increase year-over-year. The company also achieved a record adjusted EBITDA margin of 18.7% in fiscal Q2 2026, an increase of 90 basis points year-over-year, and subsequently raised its full-year fiscal 2026 adjusted EBITDA margin guidance to 17.8%-18.3%. These strong operational metrics and clear revenue visibility likely provided a fundamental floor for the stock, preventing a steeper decline despite broader market pressures.

2. Mixed Fiscal Q2 2026 Earnings Report Tempered Investor Enthusiasm.

While Stantec surpassed earnings per share (EPS) estimates for fiscal Q2 2026, reporting adjusted EPS of C$1.61 against a consensus of C$1.58 (or $1.16 vs. $1.15 in USD), its revenue for the quarter, at C$1.78 billion (or $1.25 billion in USD), slightly missed analyst forecasts by C$10 million (or $10 million in USD). Additionally, the company experienced a somewhat slower organic net revenue growth of 3.7% in fiscal Q2 2026, with flat organic growth in the U.S. due to project timing delays. This combination of a revenue miss and tempered organic growth in a key market may have prevented significant upward momentum in the stock.

3. Broader Macroeconomic Headwinds and Rising Interest Rates Created Downward Pressure.

Stantec's stock movement was influenced by a cautious macroeconomic environment impacting the engineering and construction sector. Rising global bond yields, with the 10-year U.S. Treasury yield surpassing 4.75% in September 2026, put pressure on rate-sensitive industrial and infrastructure stocks. Furthermore, concerns over inflation, geopolitical tensions, and general economic uncertainty, as highlighted in the Q3 2026 Engineering Business Sentiment Study, contributed to a de-rating of the sector and limited Stantec's stock appreciation.

4. Sector-Specific Shifts and Ongoing Valuation Debates Influenced Sentiment.

The U.S. construction market experienced shifts during fiscal Q3 2026, with a decline in manufacturing construction by 17.4% as megaprojects wound down, though growth continued in areas like data centers (up over 21%) and the power sector. Despite Stantec's strong global and water segment performance, these market shifts and a "widening valuation debate" among analysts, with some cutting price targets even while maintaining "Buy" ratings, created investor uncertainty. This mixed sentiment, coupled with the stock trading near 52-week lows and being down over 20% year-to-date by late September 2026, contributed to the stock remaining largely at a consolidated level within the specified period.

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Stock Movement Drivers

Fundamental Drivers

The -2.3% change in STN stock from 6/30/2026 to 10/1/2026 was primarily driven by a -5.6% change in the company's P/E Multiple.

(LTM values as of)	6302026	10012026	Change
Stock Price ($)	68.74	67.14	-2.3%
Change Contribution By:
Total Revenues ($ Mil)	8,288	8,552	3.2%
Net Income Margin (%)	5.9%	5.9%	-0.1%
P/E Multiple	16.0	15.1	-5.6%
Shares Outstanding (Mil)	114	114	0.4%
Cumulative Contribution			-2.3%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/1/2026

	Return	Correlation
STN	-2.3%
Market (SPY)	2.3%	20.9%
Sector (XLI)	-9.0%	30.4%

Fundamental Drivers

The -21.9% change in STN stock from 3/31/2026 to 10/1/2026 was primarily driven by a -26.2% change in the company's P/E Multiple.

(LTM values as of)	3312026	10012026	Change
Stock Price ($)	85.97	67.14	-21.9%
Change Contribution By:
Total Revenues ($ Mil)	8,144	8,552	5.0%
Net Income Margin (%)	5.9%	5.9%	0.3%
P/E Multiple	20.5	15.1	-26.2%
Shares Outstanding (Mil)	114	114	0.4%
Cumulative Contribution			-21.9%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/1/2026

	Return	Correlation
STN	-21.9%
Market (SPY)	17.8%	13.0%
Sector (XLI)	4.5%	20.6%

Fundamental Drivers

The -37.2% change in STN stock from 9/30/2025 to 10/1/2026 was primarily driven by a -45.9% change in the company's P/E Multiple.

(LTM values as of)	9302025	10012026	Change
Stock Price ($)	106.85	67.14	-37.2%
Change Contribution By:
Total Revenues ($ Mil)	7,777	8,552	10.0%
Net Income Margin (%)	5.6%	5.9%	5.2%
P/E Multiple	27.9	15.1	-45.9%
Shares Outstanding (Mil)	114	114	0.4%
Cumulative Contribution			-37.2%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/1/2026

	Return	Correlation
STN	-37.2%
Market (SPY)	15.6%	35.0%
Sector (XLI)	10.3%	34.7%

Fundamental Drivers

The 5.9% change in STN stock from 9/30/2023 to 10/1/2026 was primarily driven by a 38.7% change in the company's Total Revenues ($ Mil).

(LTM values as of)	9302023	10012026	Change
Stock Price ($)	63.39	67.14	5.9%
Change Contribution By:
Total Revenues ($ Mil)	6,164	8,552	38.7%
Net Income Margin (%)	4.8%	5.9%	23.6%
P/E Multiple	23.9	15.1	-36.8%
Shares Outstanding (Mil)	111	114	-2.2%
Cumulative Contribution			5.9%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/1/2026

	Return	Correlation
STN	5.9%
Market (SPY)	84.9%	43.6%
Sector (XLI)	73.0%	45.7%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
STN Return	75%	-14%	69%	-1%	21%	-28%	118%
Peers Return	44%	-5%	12%	21%	-8%	-12%	48%
S&P 500 Return	27%	-19%	24%	23%	16%	12%	104%
Monthly Win Rates [3]
STN Win Rate	67%	33%	67%	58%	50%	44%
Peers Win Rate	64%	50%	50%	67%	58%	56%
S&P 500 Win Rate	75%	42%	67%	75%	67%	44%
Max Drawdowns [4]
STN Max Drawdown	-9%	-27%	-13%	-13%	-19%	-35%
Peers Max Drawdown	-15%	-27%	-16%	-17%	-28%	-37%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: J, ACM, TTEK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/1/2026 (YTD)

Event	STN	S&P 500
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-10.7%	-9.5%
% Gain to Breakeven	12.0%	10.5%
Time to Breakeven	14 days	24 days
2022 Inflation Shock & Fed Tightening
% Loss	-26.1%	-24.5%
% Gain to Breakeven	35.3%	32.4%
Time to Breakeven	287 days	427 days
2020 COVID-19 Crash
% Loss	-31.8%	-33.7%
% Gain to Breakeven	46.7%	50.9%
Time to Breakeven	105 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-13.9%	-19.2%
% Gain to Breakeven	16.2%	23.8%
Time to Breakeven	134 days	105 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-16.6%	-12.2%
% Gain to Breakeven	19.9%	13.9%
Time to Breakeven	30 days	62 days
2014-2016 Oil Price Collapse
% Loss	-35.1%	-6.8%
% Gain to Breakeven	54.1%	7.3%
Time to Breakeven	1596 days	15 days

Compare to J, ACM, TTEK

In The Past

Stantec's stock fell -2.6% during the 2025 US Tariff Shock. Such a loss loss requires a 2.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

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Event	STN	S&P 500
2022 Inflation Shock & Fed Tightening
% Loss	-26.1%	-24.5%
% Gain to Breakeven	35.3%	32.4%
Time to Breakeven	287 days	427 days
2020 COVID-19 Crash
% Loss	-31.8%	-33.7%
% Gain to Breakeven	46.7%	50.9%
Time to Breakeven	105 days	140 days
2014-2016 Oil Price Collapse
% Loss	-35.1%	-6.8%
% Gain to Breakeven	54.1%	7.3%
Time to Breakeven	1596 days	15 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-30.4%	-17.9%
% Gain to Breakeven	43.6%	21.8%
Time to Breakeven	147 days	123 days
2008-2009 Global Financial Crisis
% Loss	-66.2%	-53.4%
% Gain to Breakeven	196.2%	114.4%
Time to Breakeven	1498 days	1085 days

Compare to J, ACM, TTEK

In The Past

Stantec's stock fell -2.6% during the 2025 US Tariff Shock. Such a loss loss requires a 2.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Stantec (STN)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Stantec Inc. is a global professional services company that provides a comprehensive range of engineering, architecture, and environmental consulting services. Its core offerings span various disciplines, including civil, structural, mechanical, electrical, plumbing, and hydraulics engineering. Additionally, Stantec offers expertise in architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

The company focuses on delivering solutions for infrastructure and facilities projects across Canada, the United States, and internationally. Beyond its general consulting capabilities, Stantec also provides specialized services such as transportation advisory, planning, and technical design, alongside extensive environmental and cultural resource compliance, including paleontological and archaeological services for sectors like rail, water, and power and energy.

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Stantec is like AECOM for global infrastructure engineering, architecture, and environmental consulting services.

Think of Stantec as similar to Jacobs Engineering Group, providing comprehensive design and engineering expertise for major facilities and infrastructure projects worldwide.

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Engineering Services: Provides diverse engineering disciplines, including structural, mechanical, electrical, plumbing, hydraulics, and transportation engineering.
Architecture and Design Services: Offers architectural design, interior design, and landscape architecture for various facilities and projects.
Environmental Consulting Services: Specializes in environmental sciences, cultural resource management, and compliance, including paleontological and archaeological services.
Planning and Advisory Services: Delivers transportation advisory, planning, analytics, project management, and project economics expertise.
Surveying: Provides essential surveying services for development and infrastructure projects.

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Stantec Inc. provides consulting services primarily to other organizations, rather than to individuals. Its major customers fall into the following categories:

Government Agencies and Municipalities: This includes federal, state/provincial, and local governments; public transit authorities; water and wastewater utilities; and various public works departments. These entities contract Stantec for infrastructure projects (roads, bridges, public buildings, transportation systems), water management, environmental planning, and urban development.
Private Corporations: Stantec serves a wide array of private sector clients across various industries, including real estate development, energy (e.g., power generation companies, renewable energy developers, oil and gas firms), mining, industrial manufacturing, and healthcare providers for their facilities and infrastructure needs.
Public and Private Utilities: These are companies and public entities responsible for delivering essential services such as electricity, natural gas, and potable water. Stantec provides services related to the planning, design, and construction of their infrastructure, including transmission lines, distribution networks, treatment plants, and energy facilities.

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Gord Johnston, President & Chief Executive Officer

Gord Johnston became President and CEO of Stantec in 2018, bringing over 30 years of experience in designing and managing infrastructure projects in both private and public sectors globally. He began his career at Stantec's water practice in Edmonton in 1990, advancing through various leadership roles, including leading the water business line and serving as executive vice president of infrastructure. Johnston has been instrumental in Stantec's acquisition and integration strategies, notably with MWH Global, the company's largest acquisition, and the recent integration of Cardno. He successfully divested a construction division inherited through a merger, sharpening Stantec's focus on professional services. Johnston holds Bachelor of Science and Master of Engineering degrees in civil engineering from the University of Alberta and completed programs at Harvard Business School and the Rotman School of Management. He has served on the board of directors for the Association of Consulting Engineering Companies (ACEC) in Canada and as past president of the Consulting Engineers of Alberta.

Vito Culmone, Executive Vice President & Chief Financial Officer

Vito Culmone serves as Stantec's Executive Vice President and Chief Financial Officer. Prior to joining Stantec in April 2019, Culmone was the Chief Financial Officer at Aecon Group Inc. for almost 10 years. He also held senior financial leadership positions at other publicly traded companies including Magna International Inc., Masonite International Corporation, and Bell Canada. He is a Chartered Professional Accountant and holds a Bachelor of Administrative Studies degree from York University.

Cath Schefer, Executive Vice President & Chief Operating Officer, Global

Cath Schefer is the Executive Vice President and Chief Operating Officer for Stantec's global operations. She has extensive experience within Stantec, having previously led the company's Australia/New Zealand region. Schefer has been with Stantec for over two decades and plays a key role in driving operational excellence and strategic direction globally. She holds a Bachelor of Engineering (Civil) from the University of Queensland, Australia.

John Take, Executive Vice President, Chief Growth & Innovation Officer

John Take holds the position of Executive Vice President, Chief Growth & Innovation Officer at Stantec. In this role, he is responsible for driving the company's growth strategies and fostering innovation across its various business lines. Take has a long history with Stantec, having joined the firm in 1989. He has held various leadership positions within the company, including leading the Infrastructure business operating unit.

Susan Reisbord, Executive Vice President, Chief Operating Officer – North America

Susan Reisbord is the Executive Vice President and Chief Operating Officer for Stantec's North America operations. She is responsible for the operational performance and strategic growth of the company's business across the North American region. Reisbord has a background in environmental services and has held leadership roles within Stantec, contributing to the firm's expansion and service delivery in the environmental sector.

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The key risks to Stantec Inc. (STN) are:

Pace of Public Sector Spending and Economic Slowdown: Stantec's business, particularly its Infrastructure segment and operations in the United States (its primary market), is significantly exposed to the pace of public sector spending and broader economic conditions. Delays in public sector procurement cycles and hesitation from private sector clients on large projects can lead to deferred or canceled capital projects, directly impacting Stantec's revenue growth and cash flow, despite a substantial project backlog.
Acquisition Integration Risk: Stantec employs an aggressive strategy of inorganic growth through mergers and acquisitions. The high volume of these acquisitions introduces a continuous risk related to successfully integrating new cultures, systems, and teams into its existing structure. This process is not always seamless and can divert executive attention from core organic growth initiatives.
Rising Interest Rates: An increase in interest rates poses a risk by increasing financing costs for both Stantec and its clients. Higher interest rates make large, long-cycle infrastructure and facility projects more expensive to finance, which can lead to reduced client investment and potentially fewer projects for Stantec.

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The addressable markets for Stantec's main products and services are substantial across its regions of operation. Stantec operates in a vast market, with its serviceable available market (SAM) estimated at $1,130 billion. The largest opportunities within this SAM are in Future Technology ($560 billion), Climate Solutions ($290 billion), and Communities and Infrastructure of the Future ($280 billion). For Stantec's core consulting services, the market sizes are as follows: * Engineering Consulting Services: The global engineering consulting services market was valued at approximately USD 202.8 billion in 2025 and is projected to reach USD 296.2 billion by 2035, growing at a Compound Annual Growth Rate (CAGR) of 4.3% from 2026 to 2035. North America is the largest region within this market, with an estimated size of USD 75 billion in 2024, projected to grow to USD 110 billion by 2035. * Architectural Services: The global architectural services market was estimated at USD 411.67 billion in 2025 and is projected to reach USD 605.62 billion by 2033, demonstrating a CAGR of 5.0% from 2026 to 2033. The Asia Pacific region accounted for the largest revenue share in 2025, while the U.S. market holds the largest revenue share within North America. * Environmental Consulting Services: The global environmental consulting services market was valued at USD 43.20 billion in 2024 and is projected to reach USD 92.85 billion by 2034, expanding at a CAGR of 7.95% from 2025 to 2034. North America is anticipated to maintain its dominance in the environmental consulting services market. In 2025, North America held a 35.53% revenue share of the global market, which was estimated at USD 46.50 billion. * Management Consulting Services (including Project Management): The global management consulting services market was valued at USD 469.53 billion in 2025 and is poised to grow to USD 914.49 billion by 2033, at a CAGR of 8.69% during the forecast period from 2026 to 2033. The North American management consulting services market was valued at USD 153 billion in 2024.

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Stantec Inc. (STN) is expected to drive future revenue growth over the next two to three years through several key strategies and market trends:

Strong Demand in Key Sectors: Stantec anticipates continued robust demand across its core sectors, including water, healthcare, transportation, energy transition, and mission-critical facilities. The company is strategically positioned to capitalize on these areas, with expectations for sustained growth in the US, Canada, and global operations.
Strategic Acquisitions: Stantec remains committed to a disciplined approach to growth through strategic, accretive acquisitions. The company's strong balance sheet provides significant financial capacity to fund future acquisition opportunities, which have historically contributed to its revenue growth.
Organic Growth Initiatives: The company's 2024-2026 Strategic Plan targets organic net revenue growth with a three-year compound annual growth rate (CAGR) of greater than 7%. Stantec expects mid-to-high single-digit organic growth across all geographic reporting segments and business units, driven by high levels of activity and strong project execution.
Large and Growing Contract Backlog: Stantec holds a record backlog of $8.6 billion, which represents approximately 13 months of work. This substantial backlog provides a solid foundation for future revenue, indicating strong future growth potential and sustained project activity.
Integration of AI Technology: Stantec is emphasizing the integration of AI as a key growth driver, viewing it as an "opportunity amplifier" to enhance margins and operational efficiency. Management has highlighted AI-related opportunities as a factor in projected earnings growth and future strategic plans.

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Share Repurchases

Stantec authorized a Normal Course Issuer Bid (NCIB) in March 2026 to repurchase up to 2,281,339 common shares, representing approximately 2% of outstanding shares, by March 11, 2027.
The previous NCIB, which concluded in December 2025, saw no shares repurchased.
Between November 16, 2021, and November 11, 2022, Stantec purchased 1,085,676 common shares at a weighted average price of $60.16 per share under an NCIB that allowed for the repurchase of up to 5,538,309 common shares.

Share Issuance

Stantec's shares outstanding increased from 0.111 billion in 2023 to 0.114 billion in 2024, a 2.55% increase.
As of December 31, 2025, the number of common shares outstanding was 114,066,995.

Inbound Investments

BlackRock, Inc. acquired 4,438,266 shares of Stantec Inc. on March 31, 2025, at a price of $82.84 per share. This increased BlackRock's total holdings in Stantec to 4,866,062 shares, representing 4.30% of Stantec's total shares.

Outbound Investments

In 2025, Stantec completed strategic acquisitions including Page (US-based architecture and engineering), Cosgroves (New Zealand buildings engineering), and Ryan Hanley (Irish engineering and environmental consultancy).
In early 2024, Stantec completed the acquisitions of ZETCON (Germany infrastructure), Morrison Hershfield (Canada transportation, buildings, environmental services), and Hydrock (UK buildings, energy & resources, environmental services, infrastructure), adding over 2,700 employees.
In mid-2023, Stantec acquired Environmental Systems Design, a firm specializing in mission-critical and data center buildings.

Capital Expenditures

Stantec Inc.'s Capital Expenditures amounted to -71.9 million CAD as of December 31, 2025.
Capital expenditures increased by 27% in 2025 compared to the previous year.
Expected capital expenditures for 2026 are 112.4 million CAD, representing 1.4% to 1.8% of net revenue.

Interactive Breakdown

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Better Bets vs. Stantec (STN)

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Peer Outperformance in Construction & Engineering

STN has trailed 84% of its 19 Construction & Engineering peers over 5Y. Among the peers that beat it are PRIM, GVA and MTZ. Construction & Engineering ranks 1st of 20 industries in Industrials by median 5Y return. That makes it one of the strongest corners of the sector.

Share of Construction & Engineering constituents that STN has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.

10%

of 20 industry peers · -37.9% return

of 19 industry peers · 7.9% return

16%

of 19 industry peers · 49.2% return

Construction & Engineering peers with revenue growth within 4pp of STN's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.

Ticker	Name	Rev Growth 3Y Avg	P/E	1Y	3Y	5Y	5Y Gap
STN	Stantec	11.5%	15.1x	-37.9%	7.9%	49.2%	—
PRIM	Primoris Services	11.4%	29.5x	-45.2%	145.5%	217.8%	+169pp
GVA	Granite Construction	15.3%	-31.0x	8.5%	218.0%	203.4%	+154pp
MTZ	MasTec	13.8%	33.7x	-0.6%	207.1%	139.3%	+90pp

Price returns, excluding dividends. P/E shown for context only and not used for matching.

Median price return by industry across the Industrials sector, ranked by 5Y. Construction & Engineering is STN's own industry. Use this to see which corners of the sector have carried the returns.

Industry	Names	1Y med	3Y med	5Y med	Top 3 by 5Y
Construction & Engineering ←	20	15.1%	177.7%	198.9%	FIX 2222% · STRL 2110% · AGX 830%
Electrical Components & Equipment	16	32.9%	107.7%	114.9%	POWL 2384% · BE 1403% · VRT 908%
Trading Companies & Distributors	10	7.5%	72.3%	106.7%	DXPE 493% · AIT 286% · WCC 220%
Construction Machinery & Heavy Transportation Equipment	13	3.2%	45.0%	101.1%	CAT 363% · ALSN 249% · WAB 234%
Aerospace & Defense	24	-2.8%	65.0%	96.0%	ATI 1004% · HWM 614% · MOG-A 417%
Industrial Conglomerates	5	9.0%	55.7%	70.5%	CSW 128% · DD 72% · CSL 70%
Diversified Support Services	10	9.4%	35.8%	51.6%	CXW 266% · CACI 137% · CTAS 112%
Industrial Machinery & Supplies & Components	41	12.0%	56.8%	51.2%	CRS 1087% · MLI 530% · NPO 268%
Rail Transportation	3	18.5%	58.9%	51.1%	CSX 64% · UNP 51% · NSC 41%
Cargo Ground Transportation	12	40.8%	9.5%	40.0%	XPO 265% · R 213% · ARCB 57%
Office Services & Supplies	6	12.6%	34.8%	37.0%	PBI 169% · TILE 125% · HNI 45%
Air Freight & Logistics	6	17.9%	12.4%	30.7%	CHRW 100% · FDX 78% · EXPD 71%
Environmental & Facilities Services	8	-6.6%	39.8%	30.2%	GEO 316% · CLH 191% · RSG 82%
Building Products	24	-13.9%	5.4%	27.1%	GFF 346% · TT 180% · JCI 143%
Agricultural & Farm Machinery	5	22.9%	16.4%	3.5%	DE 108% · TTC 8% · AGCO 3%
Passenger Ground Transportation	3	-30.3%	44.7%	-8.4%	UBER 44% · CAR -8% · LYFT -73%
Passenger Airlines	8	18.3%	35.6%	-26.3%	UAL 118% · DAL 92% · SKYW 88%
Data Processing & Outsourced Services	6	-34.8%	-14.1%	-27.1%	EXLS 44% · BR 6% · G -22%
Research & Consulting Services	7	-26.6%	-20.3%	-34.9%	FCN 5% · BAH -4% · VRSK -13%
Human Resource & Employment Services	10	6.8%	-10.9%	-43.5%	ADP 46% · KFY 7% · PAYX 2%

Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Stantec Stock Slides 21% With A 7-Day Losing Spree	05/15/2026
2	How Low Can Stantec Stock Really Go?	10/17/2025
3	Fundamental Metrics: ...	06/19/2024

	Title
0	ARTICLES

Trade Ideas

Select ideas related to STN.

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Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MAT	Mattel	4.3	18.8%	-24.2%
ACN	Accenture	130.0	15.8%	-18.8%
EVCM	EverCommerce	1.7	14.2%	-18.3%
SNPS	Synopsys	93.9	12.8%	4.4%
TDAY	USA Today	1.0	12.2%	37.1%
FICO	Fair Isaac	15.0	11.7%	-60.9%
EFXT	Enerflex	3.1	11.6%	65.5%
COHR	Coherent	62.4	10.9%	72.9%
WOLF	Wolfspeed	-	10.8%	79.0%
EFOR	Everforth	1.5	10.0%	90.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
NKTR	Nektar Therapeutics	1.6	-22.4%	11.1%
ACRS	Aclaris Therapeutics	0.6	-16.2%	46.5%
EMAT	Evolution Metals & Technologies	1.3	-15.5%	-89.9%
EPRX	Eupraxia Pharmaceuticals	0.5	-14.0%	3.7%
CYPH	Cypherpunk Technologies	0.5	-12.3%	151.7%
SGML	Sigma Lithium	0.9	-11.3%	-36.8%
UMAC	Unusual Machines	1.1	-11.0%	71.0%
PSKY	Paramount Skydance	10.4	-9.6%	-30.3%
ANGX	Angel Studios	0.8	-9.4%	-9.4%
SHAZ	SharonAI	0.9	-8.7%	-46.1%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
KOD	Kodiak Sciences	6.2	196.4%	252.1%
PACB	Pacific Biosciences of California	0.8	58.9%	34.2%
IOVA	Iovance Biotherapeutics	6.4	31.8%	421.2%
DNA	Ginkgo Bioworks	0.8	22.0%	50.4%
LIND	Lindblad Expeditions	2.2	21.9%	133.2%
UTHR	United Therapeutics	24.3	21.0%	17.3%
VIAV	Viavi Solutions	10.7	20.3%	151.3%
MNKD	MannKind	1.2	20.1%	-30.3%
ACN	Accenture	130.0	19.7%	-18.8%
EVCM	EverCommerce	1.7	18.9%	-18.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
LQDA	Liquidia	2.5	-60.5%	-18.8%
QURE	uniQure	1.5	-39.0%	-2.3%
EMAT	Evolution Metals & Technologies	1.3	-32.9%	-89.9%
CYPH	Cypherpunk Technologies	0.5	-28.4%	151.7%
OCUL	Ocular Therapeutix	1.6	-25.8%	-40.0%
GLAS	Glass House Brands	0.5	-25.6%	-39.9%
FICO	Fair Isaac	15.0	-22.7%	-60.9%
NKTR	Nektar Therapeutics	1.6	-20.9%	11.1%
BXBL	BOXABL	9.6	-20.3%	-67.3%
WGS	GeneDx	2.1	-19.8%	-45.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
KOD	Kodiak Sciences	6.2	165.7%	252.1%
SECZ	Securitize	2.0	119.8%	11.7%
PACB	Pacific Biosciences of California	0.8	96.1%	34.2%
DNA	Ginkgo Bioworks	0.8	80.4%	50.4%
VICR	Vicor	14.2	75.3%	181.6%
IOVA	Iovance Biotherapeutics	6.4	71.9%	421.2%
CYPH	Cypherpunk Technologies	0.5	70.8%	151.7%
GRAL	GRAIL	5.7	66.1%	54.9%
MXL	MaxLinear	8.3	60.0%	428.5%
COHU	Cohu	3.3	59.3%	202.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CTVA	Corteva	8.4	-85.7%	-81.1%
LQDA	Liquidia	2.5	-58.2%	-18.8%
XNDU	Xanadu Quantum Technologies	1.3	-54.9%	-61.0%
QURE	uniQure	1.5	-51.2%	-2.3%
ALHC	Alignment Healthcare	1.6	-43.0%	-60.8%
RARE	Ultragenyx Pharmaceutical	1.5	-42.9%	-35.9%
METC	Ramaco Resources	0.5	-40.5%	-53.7%
FICO	Fair Isaac	15.0	-40.0%	-60.9%
EMAT	Evolution Metals & Technologies	1.3	-38.8%	-89.9%
GLAS	Glass House Brands	0.5	-37.3%	-39.9%

Peer Comparisons

Peers to compare with:

Financials

	STN	J	ACM	TTEK	Median
Name	Stantec	Jacobs S.	AECOM	Tetra Te.
Mkt Price	67.14	139.80	59.60	33.76	63.37
Mkt Cap	7.6	16.5	7.7	8.7	8.2
Rev LTM	8,552	14,219	15,393	5,069	11,386
Op Inc LTM	780	650	715	594	683
FCF LTM	666	645	203	547	596
FCF 3Y Avg	594	671	575	448	584
CFO LTM	744	736	365	567	652
CFO 3Y Avg	685	771	701	468	693

Growth & Margins

	STN	J	ACM	TTEK	Median
Name	Stantec	Jacobs S.	AECOM	Tetra Te.
Rev Chg LTM	10.0%	20.1%	-4.2%	-7.6%	2.9%
Rev Chg 3Y Avg	11.5%	16.5%	3.6%	7.5%	9.5%
Rev Chg Q	13.4%	34.5%	-14.2%	-4.5%	4.5%
QoQ Delta Rev Chg LTM	3.2%	7.9%	-3.7%	-1.2%	1.0%
Op Inc Chg LTM	18.2%	-23.4%	-29.7%	1.7%	-10.9%
Op Inc Chg 3Y Avg	19.8%	18.1%	0.7%	16.6%	17.3%
Op Mgn LTM	9.1%	4.6%	4.6%	11.7%	6.9%
Op Mgn 3Y Avg	8.5%	5.6%	5.5%	10.7%	7.1%
QoQ Delta Op Mgn LTM	0.2%	0.0%	-2.1%	0.0%	0.0%
CFO/Rev LTM	8.7%	5.2%	2.4%	11.2%	6.9%
CFO/Rev 3Y Avg	8.8%	8.0%	4.4%	9.0%	8.4%
FCF/Rev LTM	7.8%	4.5%	1.3%	10.8%	6.2%
FCF/Rev 3Y Avg	7.6%	7.0%	3.6%	8.6%	7.3%

Valuation

	STN	J	ACM	TTEK	Median
Name	Stantec	Jacobs S.	AECOM	Tetra Te.
Mkt Cap	7.6	16.5	7.7	8.7	8.2
P/S	0.9	1.2	0.5	1.7	1.0
P/Op Inc	9.8	25.3	10.7	14.7	12.7
P/EBIT	9.6	24.5	10.6	13.7	12.2
P/E	15.1	48.6	26.6	20.0	23.3
P/CFO	10.2	22.4	21.0	15.4	18.2
Total Yield	8.0%	3.1%	5.8%	5.9%	5.9%
Dividend Yield	1.4%	1.0%	2.0%	0.8%	1.2%
FCF Yield 3Y Avg	6.2%	4.1%	4.5%	5.1%	4.8%
D/E	0.4	0.2	0.4	0.1	0.3
Net D/E	0.3	0.2	0.3	0.1	0.2

Returns

	STN	J	ACM	TTEK	Median
Name	Stantec	Jacobs S.	AECOM	Tetra Te.
1M Rtn	-7.8%	-6.2%	-11.6%	-6.6%	-7.2%
3M Rtn	-0.5%	12.4%	-10.9%	15.9%	6.0%
6M Rtn	-22.8%	9.5%	-30.1%	10.4%	-6.6%
12M Rtn	-37.2%	-5.7%	-53.7%	2.0%	-21.4%
3Y Rtn	5.9%	28.0%	-25.9%	13.4%	9.6%
1M Excs Rtn	-7.3%	-5.7%	-11.2%	-6.1%	-6.7%
3M Excs Rtn	-2.7%	10.1%	-13.1%	13.6%	3.7%
6M Excs Rtn	-39.0%	-7.3%	-46.6%	-5.0%	-23.2%
12M Excs Rtn	-50.8%	-20.2%	-68.5%	-14.0%	-35.5%
3Y Excs Rtn	-71.8%	-46.9%	-102.1%	-67.6%	-69.7%

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Clinical Pipeline

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Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	6/30/2026	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	8/12/2026	2/25/2026	2/25/2025	2/28/2024	2/22/2023	2/23/2022	2/24/2021
Key Financials
Total Revenue	8,552	8,144	7,500	6,480	5,677	4,577	4,730
Gross Profit	3,706	3,529	3,196	2,745	2,417	1,963	1,930
EBITDA	1,176	1,097	902	794	678	528	499
Operating Income	780	720	591	496	391	318	349
Net Income	505	479	362	316	247	201	171
EPS	4.43	4.20	3.17	2.85	2.23	1.80	1.53
Growth Rates
Total Revenue Growth	10.0%	8.6%	15.7%	14.1%	24.0%	-3.2%	-2.0%
EBITDA Growth	19.9%	21.6%	13.6%	17.1%	28.6%	5.8%	-14.0%
Operating Income Growth	18.2%	21.8%	19.2%	26.7%	23.1%	-8.9%	4.5%
Net Income Growth	15.6%	32.6%	14.2%	28.1%	23.1%	17.3%	-12.0%
Margins
Gross Margin	43.3%	43.3%	42.6%	42.4%	42.6%	42.9%	40.8%
EBITDA Margin	13.7%	13.5%	12.0%	12.3%	11.9%	11.5%	10.5%
Operating Income Margin	9.1%	8.8%	7.9%	7.7%	6.9%	6.9%	7.4%
Net Income Margin	5.9%	5.9%	4.8%	4.9%	4.4%	4.4%	3.6%
Cash & Debt
Total Cash	397	416	255	369	157	215	320
Total Debt	2,748	2,547	2,043	1,701	1,867	1,921	1,315
Net Debt / (Cash)	2,351	2,131	1,788	1,332	1,710	1,706	996
Cash Flows & CapEx
Net Cash from Operations	744	863	603	520	304	397	604
Total CapEx	-78	-72	-99	-101	-75	-51	-34
Free Cash from Operations	666	791	504	419	229	346	570
Returns to Shareholders
Dividends	105	101	94	85	78	72	68
Share Repurchases	176	-0	-0	10	65	51	80

$ Mil \| FY: 12/31	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3
Period End	6/30/2026	3/31/2026	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023
Filing Date	8/12/2026	5/13/2026	2/25/2026	11/13/2025	8/13/2025	5/14/2025	2/25/2025	11/7/2024	8/7/2024	5/8/2024	2/28/2024	11/9/2023
Key Financials Quarterly
Total Revenue	2,228	2,068	2,116	2,140	1,964	1,924	1,960	1,929	1,890	1,721	1,609	1,693
Ebitda	322	265	271	317	266	230	239	245	233	202	195	226
Operating Income	229	171	158	222	187	153	150	171	152	118	113	160
Net Income	150	111	94	150	135	100	98	103	83	77	70	101
EPS	1.32	0.97	0.82	1.32	1.19	0.88	0.86	0.90	0.73	0.68	0.65	0.91
Key Financials TTM
Total Revenue TTM	8,552	8,288	8,144	7,988	7,777	7,702	7,500	7,150	6,913	6,662	6,480	6,384
Ebitda TTM	1,176	1,119	1,084	1,052	980	947	919	874	856	830	805	804
Operating Income TTM	780	738	720	711	660	626	591	554	543	526	507	502
Net Income TTM	505	490	479	484	437	384	362	334	332	337	325	328
Growth Rates Quarterly
Total Revenue Growth	13.4%	7.5%	8.0%	10.9%	3.9%	11.7%	21.8%	13.9%	15.4%	11.8%	6.3%	14.9%
EBITDA Growth	21.1%	15.6%	13.2%	29.5%	14.2%	13.8%	22.9%	8.3%	12.7%	13.8%	0.4%	26.6%
Operating Income Growth	22.5%	11.8%	5.7%	30.0%	22.6%	29.3%	32.7%	6.8%	12.5%	19.5%	4.4%	44.1%
Net Income Growth	11.0%	10.7%	-4.2%	45.3%	62.7%	29.8%	39.0%	1.9%	-5.5%	18.8%	-4.1%	49.0%
Margins Quarterly
EBITDA Margin	14.5%	12.8%	12.8%	14.8%	13.6%	11.9%	12.2%	12.7%	12.3%	11.7%	12.1%	13.3%
Operating Income Margin	10.3%	8.3%	7.5%	10.4%	9.5%	8.0%	7.6%	8.8%	8.1%	6.9%	7.0%	9.4%
Net Income Margin	6.7%	5.4%	4.4%	7.0%	6.9%	5.2%	5.0%	5.3%	4.4%	4.5%	4.4%	6.0%
Cash & Debt
Total Cash	397	374	416	382	364	283	255	279	234	219	369	181
Total Debt	2,748	2,588	2,547	2,708	2,141	2,055	2,043	2,331	2,392	2,159	1,701	2,022
Net Debt / (Cash)	2,351	2,214	2,131	2,326	1,778	1,772	1,788	2,052	2,158	1,940	1,332	1,841
Cash Flows Quarterly
FCF from Operations	119	-2	312	316	134	101	307	179	75	43	259	213
Cash Flows TTM
FCF from Operations TTM	744	760	863	857	720	661	603	555	589	546	540	490
Returns to Shareholders Quarterly
Dividends	28	26	26	26	26	24	24	24	24	22	22	22
Share Repurchases	176	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	17.4%	13.8%	13.4%	17.3%	17.3%	14.0%	13.8%	15.3%	13.0%	11.0%	13.0%	16.7%
Return on Invested Capital (ROIC) TTM
ROIC TTM	14.9%	14.9%	15.1%	14.0%	15.6%	14.4%	13.7%	12.3%	11.6%	12.2%	14.7%	13.0%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Single segment	8,144	7,500	6,480	5,677	4,577
Total	8,144	7,500	6,480	5,677	4,577

Operating Income by Segment

$ Mil	2003	2002	2001	1999	1998
Consulting Services	43	32	27	15	13
Other	-0	5	4	2	0
Total	42	37	30	17	13

Assets by Segment

$ Mil	2002	2001	1999	1998
Consulting Services	244	183	113	93
Other	54	34	19	20
Total	298	217	132	112

Price Behavior

Price Behavior

Market Price	$67.14
Market Cap ($ Bil)	7.6
First Trading Date	08/05/2005
Distance from 52W High	-40.4%
	50 Days	200 Days
DMA Price	$71.52	$82.03
DMA Trend	down	up
Distance from DMA	-6.1%	-18.2%
	3M	1YR
Volatility	23.5%	29.4%
Downside Capture	111.10	121.30
Upside Capture	74.45	45.37
Correlation (SPY)	20.8%	34.8%

STN Betas & Captures as of 9/30/2026

	1M	2M	3M	6M	1Y	3Y
Beta	1.09	0.82	0.47	0.30	0.80	0.75
Up Beta	0.99	0.59	-0.75	0.02	0.30	0.66
Down Beta	-1.14	-0.00	0.52	0.39	1.18	0.72
Up Capture	89%	78%	75%	3%	39%	44%
Bmk +ve Days	6	16	27	66	132	424
Stock +ve Days	10	21	31	61	126	386
Down Capture	226%	137%	99%	88%	114%	97%
Bmk -ve Days	16	26	37	60	120	328
Stock -ve Days	12	21	33	65	125	365

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with STN
STN	-37.3%	29.3%	-1.58	-
Sector ETF (XLI)	10.3%	17.3%	0.40	34.7%
Equity (SPY)	15.7%	13.0%	0.85	35.0%
Gold (GLD)	7.7%	29.6%	0.25	14.6%
Commodities (DBC)	43.7%	20.8%	1.64	-11.6%
Real Estate (VNQ)	1.2%	13.6%	-0.16	23.1%
Bitcoin (BTCUSD)	-27.0%	44.5%	-0.58	19.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with STN
STN	7.4%	25.6%	0.26	-
Sector ETF (XLI)	12.5%	17.6%	0.54	52.4%
Equity (SPY)	13.0%	17.2%	0.57	50.9%
Gold (GLD)	18.6%	18.9%	0.80	13.2%
Commodities (DBC)	10.3%	19.6%	0.40	7.9%
Real Estate (VNQ)	0.4%	18.9%	-0.08	39.3%
Bitcoin (BTCUSD)	13.2%	52.3%	0.43	18.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with STN
STN	12.5%	25.5%	0.48	-
Sector ETF (XLI)	13.2%	20.0%	0.58	51.5%
Equity (SPY)	15.3%	17.9%	0.72	51.0%
Gold (GLD)	11.6%	16.4%	0.58	8.8%
Commodities (DBC)	8.2%	18.1%	0.37	19.1%
Real Estate (VNQ)	4.4%	20.7%	0.17	39.3%
Bitcoin (BTCUSD)	63.9%	66.2%	1.04	12.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	9152026
Short Interest: Shares Quantity	2.5 Mil
Short Interest: % Change Since 8312026	5.0%
Average Daily Volume	0.3 Mil
Days-to-Cover Short Interest	8.6 days
Basic Shares Quantity	113.6 Mil
Short % of Basic Shares	2.2%

Returns Analyses

	Title
0	How Low Can Stantec Stock Really Go?

Earnings Returns History

Updated 6/2/2026

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
SUMMARY STATS
# Positive	0	0	0
# Negative	0	0	0
Median Positive
Median Negative
Max Positive
Max Negative

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
SUMMARY STATS
# Positive	0	0	0
# Negative	0	0	0
Median Positive
Median Negative
Max Positive
Max Negative

SEC Filings

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Report Date	Filing Date	Filing
06/30/2026	08/12/2026	6-K
03/31/2026	05/13/2026	6-K
12/31/2025	02/25/2026	40-F
09/30/2025	11/13/2025	6-K
06/30/2025	08/13/2025	6-K
03/31/2025	05/14/2025	6-K
12/31/2024	02/25/2025	40-F
09/30/2024	11/07/2024	6-K
06/30/2024	08/07/2024	6-K
03/31/2024	05/08/2024	6-K
12/31/2023	02/28/2024	40-F
09/30/2023	11/09/2023	6-K
06/30/2023	08/09/2023	6-K
03/31/2023	05/10/2023	6-K
12/31/2022	02/22/2023	40-F
09/30/2022	11/10/2022	6-K

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Report Date	Filing Date	Filing
06/30/2026	08/12/2026	6-K
03/31/2026	05/13/2026	6-K
12/31/2025	02/25/2026	40-F
09/30/2025	11/13/2025	6-K
06/30/2025	08/13/2025	6-K
03/31/2025	05/14/2025	6-K
12/31/2024	02/25/2025	40-F
09/30/2024	11/07/2024	6-K
06/30/2024	08/07/2024	6-K
03/31/2024	05/08/2024	6-K
12/31/2023	02/28/2024	40-F
09/30/2023	11/09/2023	6-K
06/30/2023	08/09/2023	6-K
03/31/2023	05/10/2023	6-K
12/31/2022	02/22/2023	40-F
09/30/2022	11/10/2022	6-K
06/30/2022	08/10/2022	6-K
03/31/2022	05/11/2022	6-K
12/31/2021	02/23/2022	40-F
09/30/2021	11/03/2021	6-K
06/30/2021	08/04/2021	6-K
03/31/2021	05/05/2021	6-K
12/31/2020	02/24/2021	40-F
09/30/2020	11/04/2020	6-K
06/30/2020	08/05/2020	6-K
03/31/2020	05/06/2020	6-K
12/31/2019	02/27/2020	40-F
09/30/2019	11/06/2019	6-K

Recent Forward Guidance

Updated 10/1/2026

Latest: null Earnings Reported N/A/N/A/N/A

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Insider Activity

Updated 4/26/2026

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Investor Activity (13F)

Updated Oct 2, 2026

13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Martin Investment Management, LLC	$15.9 Mil	4.8%	46	New	13F
Promethos Capital, LLC	$5.9 Mil	1.6%	46	TRIM -6.0%	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Martin Investment Management, LLC	$15.9 Mil	4.8%	46	New	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Promethos Capital, LLC	$5.9 Mil	1.6%	46	TRIM -6.0%	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Martin Investment Management, LLC	$15.9 Mil	4.8%	46	New	13F
Promethos Capital, LLC	$5.9 Mil	1.6%	46	TRIM -6.0%	13F

STN Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.

INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Status	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

Diversification Alternatives

How Is The Market Pricing STN?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What STN Makes & Who Pays

TTM figures based on

STN Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

Stantec — Investor Video Playlist

Products & Services

From pilot to practice: Intensifying nutrient removal

Stantec · 2026-09-08

Products & Services

The SCOPE: How to scale, fund, and maintain nature-based solutions for a resilient future

Stantec · 2026-08-13

Products & Services

Designing the UK’s largest battery manufacturing facility for Agratas

Stantec · 2026-07-16

Products & Services

Data centre cooling and water use: Trends and innovations from the US, UK, and Australia

Stantec · 2026-06-19

Products & Services

A 2 AM phone call: When disaster strikes, a better-together approach is the only approach

Stantec · 2026-05-28

Products & Services

Modernizing New York’s iconic transit system [Careers that Move]

Stantec · 2026-04-14

Leadership

CEO Gord Johnston on Stantec—and our impact on the world

Stantec · 2026-01-27

Industry Resources

Industrials Resources

IndustryWeek

Manufacturing.net

Aviation Week

Construction & Engineering Resources

Engineering News-Record (ENR)

Construction Dive

Civil Engineering Magazine

External Quote Links

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1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Core Cache Last Updated: 10/1/2026

Stantec (STN)

Market Price (10/2/2026): $67.14 | Market Cap: $7.6 BilSector: Industrials | Industry: Construction & Engineering

Stantec (STN)

Market Price (10/2/2026): $67.14Market Cap: $7.6 BilSector: IndustrialsIndustry: Construction & Engineering

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation & Metrics

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Recent Forward Guidance

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Investor Activity (13F)

STN Trade Sentinel

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CONVICTION RATIONALE

STOCK ARCHETYPE

INVESTMENT THESIS

Market Price (10/2/2026): $67.14
Market Cap: $7.6 Bil
Sector: Industrials
Industry: Construction & Engineering