Stantec Inc. (STN) 10-Year Financial Performance & Capital Metrics

STN • • Industrial / General

IndustrialsEngineering & ConstructionInfrastructure Engineering & ConsultingInfrastructure Consulting & Design

AboutStantec Inc. provides engineering, architecture, and environmental consulting services in the areas of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics. It also offers structural, mechanical, electrical, plumbing, and hydraulics engineering services; transportation advisory, planning and analytics, transport engineering, and technical design; paleontological and archaeological services for the rail, transportation, water, and power and energy sectors; environmental and infrastructure services; and environmental and cultural resource compliance services. The company was formerly known as Stanley Technology Group Inc. and changed its name to Stantec Inc. in October 1998. Stantec Inc. was founded in 1954 and is headquartered in Edmonton, Canada.Show more

Revenue $7.5B +15.7%
EBITDA $910M +16.7%
Net Income $362M +14.2%
EPS (Diluted) 3.17 +6.4%
Gross Margin 42.61% +0.6%
EBITDA Margin 12.13% +0.8%
Operating Margin 7.88% +3.0%
Net Margin 4.82% -1.3%
ROE 13.4% +0.3%
ROIC 10.36% +10.0%
Debt/Equity 0.69
Interest Coverage 5.02 +3.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 19.3%
✓13 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 15.0%
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.48%

5Y15.04%

3Y17.9%

TTM4.43%

Profit (Net Income) CAGR

10Y8.19%

5Y19.35%

3Y21.67%

TTM32.45%

EPS CAGR

10Y6.18%

5Y12.75%

3Y20.76%

TTM41.67%

ROCE

10Y Avg9.68%

5Y Avg10.08%

3Y Avg11.4%

Latest12.95%

Peer Comparison

Infrastructure Consulting & Design

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BWMNBowman Consulting Group Ltd.	628.04M	36.15	212.65	23.19%	3.48%	6.3%	3.77%	0.61
STNStantec Inc.	11.33B	99.30	31.32	15.75%	5.99%	13.86%	4.45%	0.69
ACMAecom	13.08B	99.24	23.57	0.21%	3.82%	22.75%	6.28%	1.25
RITRReitar Logtech Holdings Limited Ordinary shares	45.63M	1.00	7.69	10.74%	4.2%	1.63%		0.52

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.88B	4.3B	5.14B	4.28B	3.72B	3.71B	4.58B	5.68B	6.48B	7.5B
Revenue Growth %	0.14%	0.49%	0.2%	-0.17%	-0.13%	-0%	0.23%	0.24%	0.14%	0.16%
Cost of Goods Sold+	1.58B	2.62B	3.31B	2.47B	2.36B	2.38B	2.61B	3.26B	3.73B	4.3B
COGS % of Revenue	0.55%	0.61%	0.64%	0.58%	0.63%	0.64%	0.57%	0.57%	0.58%	0.57%
Gross Profit+	1.29B	1.68B	1.83B	1.82B	1.36B	1.34B	1.96B	2.42B	2.74B	3.2B
Gross Margin %	0.45%	0.39%	0.36%	0.42%	0.37%	0.36%	0.43%	0.43%	0.42%	0.43%
Gross Profit Growth %	0.14%	0.3%	0.09%	-0.01%	-0.25%	-0.02%	0.47%	0.23%	0.14%	0.16%
Operating Expenses+	1.07B	1.46B	1.6B	1.55B	1.11B	1.07B	1.65B	2.03B	2.25B	2.6B
OpEx % of Revenue	0.37%	0.34%	0.31%	0.36%	0.3%	0.29%	0.36%	0.36%	0.35%	0.35%
Selling, General & Admin	988.57M	1.34B	1.46B	1.44B	1.11B	1.07B	1.42B	1.74B	1.97B	2.29B
SG&A % of Revenue	0.34%	0.31%	0.28%	0.34%	0.3%	0.29%	0.31%	0.31%	0.3%	0.3%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	974K	1.15M	600K	-100K	0	0	221.8M	283.5M	283.6M	318.6M
Operating Income+	220.29M	214.37M	229.3M	261.9M	249.55M	266.09M	317.9M	391.3M	495.8M	591M
Operating Margin %	0.08%	0.05%	0.04%	0.06%	0.07%	0.07%	0.07%	0.07%	0.08%	0.08%
Operating Income Growth %	-0.04%	-0.03%	0.07%	0.14%	-0.05%	0.07%	0.19%	0.23%	0.27%	0.19%
EBITDA+	304.02M	341.2M	354.5M	377M	435.32M	445.68M	539.7M	674.8M	779.4M	909.6M
EBITDA Margin %	0.11%	0.08%	0.07%	0.09%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%
EBITDA Growth %	0.04%	0.12%	0.04%	0.06%	0.15%	0.02%	0.21%	0.25%	0.16%	0.17%
D&A (Non-Cash Add-back)	83.73M	126.83M	125.2M	115.1M	185.77M	179.59M	221.8M	283.5M	283.6M	318.6M
EBIT	224.91M	217.6M	292.6M	257.9M	254.48M	206.2M	305.7M	394.7M	510.4M	583.1M
Net Interest Income+	-13.58M	-34.7M	-33.8M	-33.6M	-56.37M	-42.46M	-37.9M	-64M	-91M	-103.6M
Interest Income	2.38M	2.88M	3.2M	2.9M	2.85M	3.06M	4.8M	5.6M	11.7M	14.2M
Interest Expense	13.3M	31.53M	29M	28.7M	59.22M	45.53M	42.7M	69.6M	102.7M	117.8M
Other Income/Expense	-8.68M	-33.57M	-90.7M	-35.6M	-53.67M	-104.24M	-54.9M	-66.2M	-88.1M	-125.7M
Pretax Income+	211.61M	180.82M	263.5M	226.3M	195.87M	161.85M	263M	325.1M	407.7M	465.3M
Pretax Margin %	0.07%	0.04%	0.05%	0.05%	0.05%	0.04%	0.06%	0.06%	0.06%	0.06%
Income Tax+	55.23M	50.27M	166.5M	55M	45.96M	36.97M	62.3M	78.1M	91.2M	103.8M
Effective Tax Rate %	0.74%	0.72%	0.37%	0.21%	0.76%	0.83%	0.76%	0.76%	0.78%	0.78%
Net Income+	156.38M	130.55M	97M	47.4M	149.3M	134.3M	200.7M	247M	316.5M	361.5M
Net Margin %	0.05%	0.03%	0.02%	0.01%	0.04%	0.04%	0.04%	0.04%	0.05%	0.05%
Net Income Growth %	-0.05%	-0.17%	-0.26%	-0.51%	2.15%	-0.1%	0.49%	0.23%	0.28%	0.14%
Net Income (Continuing)	154.33M	128.14M	94.3M	171.3M	149.91M	124.88M	200.7M	247M	316.5M	361.5M
Discontinued Operations	0	0	0	0	-616.93K	9.42M	0	0	0	0
Minority Interest	0	772K	3M	1.8M	1.6M	800K	500K	400K	0	0
EPS (Diluted)+	1.65	1.22	0.85	0.42	1.74	1.53	1.80	2.21	2.98	3.17
EPS Growth %	-0.05%	-0.26%	-0.3%	-0.51%	3.14%	-0.12%	0.18%	0.23%	0.35%	0.06%
EPS (Basic)	1.66	1.22	0.85	0.42	1.74	1.53	1.80	2.22	2.98	3.17
Diluted Shares Outstanding	94.59M	107.33M	114.35M	113.82M	111.55M	111.95M	111.62M	111.62M	111.23M	114.07M
Basic Shares Outstanding	94.14M	107.01M	113.99M	113.73M	111.55M	111.55M	111.24M	110.94M	111.23M	114.04M
Dividend Payout Ratio	0.25%	0.35%	0.57%	1.29%	0.43%	0.51%	0.36%	0.32%	0.27%	0.26%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	951.39M	1.58B	1.61B	1.64B	1.58B	1.57B	1.66B	1.94B	2.27B	2.55B
Cash & Short-Term Investments	94.45M	231.79M	248.8M	185.2M	223.5M	285M	193.9M	148.3M	368.7M	254.7M
Cash Only	67.34M	210.9M	239.5M	185.2M	208.1M	285M	193.9M	148.3M	352.9M	228.5M
Short-Term Investments	27.11M	20.89M	9.3M	0	15.4M	0	0	0	15.8M	26.2M
Accounts Receivable	819.27M	1.21B	1.29B	1.37B	1.3B	1.19B	1.4B	1.73B	1.85B	2.23B
Days Sales Outstanding	103.93	102.49	91.78	116.76	127.03	117.39	111.75	111.27	104.14	108.46
Inventory	0	71.1M	62.2M	56.8M	42.9M	43.9M	45.8M	48.6M	0	0
Days Inventory Outstanding	-	9.89	6.85	8.4	6.64	6.74	6.4	5.44	-	-
Other Current Assets	27.11M	25.57M	14M	23.2M	18.1M	42.1M	23.5M	10.2M	1.3M	1.3M
Total Non-Current Assets+	1.39B	2.7B	2.27B	2.37B	2.98B	2.82B	3.56B	3.72B	3.49B	4.41B
Property, Plant & Equipment	158.09M	213.93M	212.6M	289.4M	845M	687.1M	710.2M	721.1M	710.4M	773.3M
Fixed Asset Turnover	18.20x	20.10x	24.18x	14.80x	4.41x	5.40x	6.44x	7.87x	9.12x	9.70x
Goodwill	966.48M	1.83B	1.56B	1.62B	1.65B	1.67B	2.18B	2.35B	2.07B	2.71B
Intangible Assets	138.08M	449.53M	262.4M	247.7M	219.6M	182M	373.3M	320.4M	265.7M	427M
Long-Term Investments	116.59M	169.28M	195.8M	9.4M	8.8M	178.5M	216M	208.4M	262.5M	283.7M
Other Non-Current Assets	0	15.15M	22.1M	185.5M	224.3M	60M	29.9M	73.6M	89M	91.3M
Total Assets+	2.34B	4.28B	3.88B	4.01B	4.56B	4.39B	5.23B	5.65B	5.77B	6.96B
Asset Turnover	1.23x	1.00x	1.32x	1.07x	0.82x	0.85x	0.88x	1.00x	1.12x	1.08x
Asset Growth %	0.16%	0.83%	-0.09%	0.03%	0.14%	-0.04%	0.19%	0.08%	0.02%	0.21%
Total Current Liabilities+	632.05M	1.07B	1.15B	858.6M	1.01B	987.2M	1.18B	1.41B	1.62B	1.98B
Accounts Payable	123.4M	363.9M	367.1M	222.6M	225.5M	217.6M	213.1M	300.6M	351.9M	447.6M
Days Payables Outstanding	28.42	50.62	40.45	32.91	34.88	33.41	29.76	33.66	34.39	37.96
Short-Term Debt	133.06M	91.88M	198.2M	48.5M	66.4M	51.3M	58.2M	117.6M	147.6M	192.1M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	187.41M	257.44M	143M	146.9M	120.2M	115.8M	143.3M	170.7M	522.6M	573.5M
Current Ratio	1.51x	1.48x	1.39x	1.90x	1.57x	1.59x	1.41x	1.37x	1.41x	1.29x
Quick Ratio	1.51x	1.41x	1.34x	1.84x	1.53x	1.54x	1.37x	1.34x	1.41x	1.29x
Cash Conversion Cycle	-	61.76	58.18	92.24	98.79	90.72	88.38	83.06	-	-
Total Non-Current Liabilities+	386.56M	1.24B	828.3M	1.24B	1.68B	1.47B	2.04B	1.96B	1.7B	2.03B
Long-Term Debt	232.3M	918.18M	541.4M	885.2M	814M	634.2M	1.19B	1.18B	974.2M	1.21B
Capital Lease Obligations	10.54M	10.4M	3M	-162.7M	604.7M	526.2M	576M	557M	477.8M	528.6M
Deferred Tax Liabilities	21.26M	79.59M	54.6M	54.3M	73.2M	63.4M	77.5M	28.2M	26.4M	63.6M
Other Non-Current Liabilities	59.89M	96.02M	98.1M	140.4M	300K	39.5M	7M	187.7M	219.9M	231.3M
Total Liabilities	1.02B	2.31B	1.98B	2.1B	2.68B	2.46B	3.22B	3.37B	3.32B	4.01B
Total Debt+	365.36M	1.02B	739.6M	933.7M	1.58B	1.32B	1.95B	1.96B	1.7B	2.04B
Net Debt	298.01M	809.56M	500.1M	748.5M	1.38B	1.03B	1.76B	1.81B	1.35B	1.81B
Debt / Equity	0.28x	0.52x	0.39x	0.49x	0.84x	0.68x	0.98x	0.86x	0.69x	0.69x
Debt / EBITDA	1.20x	2.99x	2.09x	2.48x	3.64x	2.95x	3.62x	2.90x	2.18x	2.25x
Net Debt / EBITDA	0.98x	2.37x	1.41x	1.99x	3.16x	2.31x	3.26x	2.68x	1.73x	1.99x
Interest Coverage	16.56x	6.80x	7.91x	9.13x	4.21x	5.84x	7.44x	5.62x	4.83x	5.02x
Total Equity+	1.32B	1.98B	1.9B	1.91B	1.88B	1.93B	2B	2.29B	2.45B	2.95B
Equity Growth %	0.22%	0.49%	-0.04%	0%	-0.02%	0.03%	0.04%	0.14%	0.07%	0.2%
Book Value per Share	13.99	18.42	16.61	16.77	16.83	17.23	17.94	20.48	22.04	25.82
Total Shareholders' Equity	1.32B	1.98B	1.9B	1.91B	1.88B	1.93B	2B	2.29B	2.45B	2.95B
Common Stock	289.12M	871.82M	878.2M	867.8M	879.8M	932.2M	972.4M	983.8M	1.27B	1.27B
Retained Earnings	852.73M	917.88M	947.1M	851.2M	917.7M	958.6M	1.04B	1.15B	1.1B	1.37B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	165.63M	167.29M	49.5M	163.1M	54.1M	24.8M	-24.7M	140.6M	69.8M	297.9M
Minority Interest	0	772K	3M	1.8M	1.6M	800K	500K	400K	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	205.52M	285.69M	263.7M	172.6M	452.5M	603.8M	397M	304.3M	544.7M	603.1M
Operating CF Margin %	0.07%	0.07%	0.05%	0.04%	0.12%	0.16%	0.09%	0.05%	0.08%	0.08%
Operating CF Growth %	-0.01%	0.39%	-0.08%	-0.35%	1.62%	0.33%	-0.34%	-0.23%	0.79%	0.11%
Net Income	156.38M	130.55M	97M	47.4M	194.4M	159.1M	200.7M	247M	331.2M	361.5M
Depreciation & Amortization	83.73M	126.83M	134.8M	115.1M	240.9M	228.8M	221.8M	283.5M	283.6M	318.6M
Stock-Based Compensation	11.2M	8.91M	9.5M	5.3M	18.1M	16.4M	46.7M	26M	60.1M	43M
Deferred Taxes	-6.3M	12.56M	-26.4M	0	0	-21.9M	-4.4M	-43.2M	-45.6M	-42.4M
Other Non-Cash Items	472K	9.36M	-35.4M	10.1M	-900K	141.1M	58.6M	45M	22.7M	98.6M
Working Capital Changes	-39.97M	-2.53M	84.2M	0	0	80.3M	-126.4M	-254M	-107.3M	-176.2M
Change in Receivables	-7.9M	32.77M	70.7M	0	0	119.6M	-8.4M	-211.7M	-120.1M	-167.5M
Change in Inventory	5.46M	-4.44M	218.5M	0	0	0	65.8M	-22.8M	0	0
Change in Payables	-21.1M	1.7M	-172.8M	0	0	0	-65.8M	22.8M	-54.4M	0
Cash from Investing+	-252.39M	-1.14B	60.3M	-266.1M	-135.2M	-102M	-764.8M	-73.8M	-201.7M	-605M
Capital Expenditures	-41.67M	-65.83M	-66.8M	-134.2M	-60.3M	-31.2M	-50.6M	-74.9M	-100.6M	-99M
CapEx % of Revenue	0.01%	0.02%	0.01%	0.03%	0.02%	0.01%	0.01%	0.01%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-4.69M	-260K	-458.4M	10.6M	2.2M	500K	2.1M	13.1M	12.1M	15.2M
Cash from Financing+	-44.3M	995.14M	-281.1M	18M	-286M	-412.6M	276.5M	-296.7M	-134M	-152.1M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-38.33M	-46.11M	-55.5M	-61.3M	-64M	-68M	-72.3M	-78.2M	-84.9M	-94M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	573.74M	-900K	-100K	18.9M	58.5M	41.2M	18M	9.3M	-7.9M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	163.84M	219.86M	196.9M	38.4M	392.2M	569.6M	346.4M	229.4M	444.1M	504.1M
FCF Margin %	0.06%	0.05%	0.04%	0.01%	0.11%	0.15%	0.08%	0.04%	0.07%	0.07%
FCF Growth %	0.02%	0.34%	-0.1%	-0.8%	9.21%	0.45%	-0.39%	-0.34%	0.94%	0.14%
FCF per Share	1.73	2.05	1.72	0.34	3.52	5.09	3.10	2.06	3.99	4.42
FCF Conversion (FCF/Net Income)	1.31x	2.19x	2.72x	3.64x	3.03x	4.50x	1.98x	1.23x	1.72x	1.67x
Interest Paid	0	0	0	0	0	0	0	61.1M	83.5M	0
Taxes Paid	0	0	0	0	0	0	0	91.2M	143.6M	112.7M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.98%	7.91%	5.01%	2.49%	7.89%	7.06%	10.21%	11.52%	13.36%	13.4%
Return on Invested Capital (ROIC)	11.54%	7.3%	6.63%	7.77%	6.33%	6.42%	7.1%	7.47%	9.42%	10.36%
Gross Margin	44.92%	38.98%	35.56%	42.37%	36.61%	35.98%	42.9%	42.58%	42.36%	42.61%
Net Margin	5.44%	3.04%	1.89%	1.11%	4.01%	3.62%	4.39%	4.35%	4.88%	4.82%
Debt / Equity	0.28x	0.52x	0.39x	0.49x	0.84x	0.68x	0.98x	0.86x	0.69x	0.69x
Interest Coverage	16.56x	6.80x	7.91x	9.13x	4.21x	5.84x	7.44x	5.62x	4.83x	5.02x
FCF Conversion	1.31x	2.19x	2.72x	3.64x	3.03x	4.50x	1.98x	1.23x	1.72x	1.67x
Revenue Growth	13.73%	49.45%	19.53%	-16.66%	-13.1%	-0.26%	23.27%	24.04%	14.13%	15.75%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2024
Infrastructure	-	-	-	1.35B	1.27B	1.6B	2.04B
Infrastructure Growth	-	-	-	-	-5.92%	26.17%	27.69%
Buildings services	-	-	-	990.8M	904.8M	1.03B	1.66B
Buildings services Growth	-	-	-	-	-8.68%	13.58%	61.69%
Water services	-	-	-	1B	1.01B	1.14B	1.57B
Water services Growth	-	-	-	-	1.10%	12.05%	37.85%
Environmental services	-	-	-	757.6M	831.7M	1.25B	1.49B
Environmental services Growth	-	-	-	-	9.78%	50.40%	19.25%
Energy and resources services	-	-	-	631.9M	559.2M	663.8M	739M
Energy and resources services Growth	-	-	-	-	-11.50%	18.71%	11.33%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2024
Other countries	-	-	-	514.9M	365.9M	415M	716.4M
Other countries Growth	-	-	-	-	-28.94%	13.42%	72.63%
AUSTRALIA	-	-	-	-	243.8M	459.3M	415.2M
AUSTRALIA Growth	-	-	-	-	-	88.39%	-9.60%
Other Countries	-	488.5M	577M	-	-	-	-
Other Countries Growth	-	-	18.12%	-	-	-	-
UNITED STATES	2.92B	2.33B	-	-	-	-	-
UNITED STATES Growth	-	-20.14%	-	-	-	-	-
CANADA	1.2B	1.28B	-	-	-	-	-
CANADA Growth	-	6.11%	-	-	-	-	-
Global	481.6M	-	-	-	-	-	-
Global Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Stantec Inc. (STN) has a price-to-earnings (P/E) ratio of 31.3x. This suggests investors expect higher future growth.

Growth & Financials

Stantec Inc. (STN) reported $7.47B in revenue for fiscal year 2024. This represents a 442% increase from $1.38B in 2011.

Stantec Inc. (STN) grew revenue by 15.7% over the past year. This is strong growth.

Yes, Stantec Inc. (STN) is profitable, generating $447.6M in net income for fiscal year 2024 (4.8% net margin).

Dividend & Returns

Yes, Stantec Inc. (STN) pays a dividend with a yield of 0.83%. This makes it attractive for income-focused investors.

Stantec Inc. (STN) has a return on equity (ROE) of 13.4%. This is reasonable for most industries.

Stantec Inc. (STN) generated $804.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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