Stantec Inc.

TSX:STN Stock Report

Market Cap: CA$14.3b

Stantec Future Growth

Future criteria checks 3/6

Stantec is forecast to grow earnings and revenue by 18.6% and 7.8% per annum respectively. EPS is expected to grow by 18.5% per annum. Return on equity is forecast to be 19.8% in 3 years.

Key information

18.6%

Earnings growth rate

18.46%

EPS growth rate

Construction earnings growth15.5%
Revenue growth rate7.8%
Future return on equity19.75%
Analyst coverage

Good

Last updated28 Apr 2026

Recent future growth updates

Analysis Article • Aug 15

Stantec Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

The analysts might have been a bit too bullish on Stantec Inc. ( TSE:STN ), given that the company fell short of...

Recent updates

Narrative Update • Apr 26

STN: Arctic Radar Contract And Buybacks Will Support Future Returns

Analysts have nudged their fair value estimate for Stantec to CA$165.45 from CA$164.91, reflecting small adjustments to assumptions around the discount rate, revenue growth, profit margins, and future P/E. What's in the News Board of directors authorized a new share buyback plan on March 10, 2026, signaling approval to repurchase shares over time (Key Developments).
Narrative Update • Apr 09

STN: Arctic Radar Win And Buybacks Will Support Long Term Returns

Analysts have trimmed their CA$ price target for Stantec, reflecting slightly lower fair value and future P/E estimates, while keeping revenue growth and profit margin assumptions essentially unchanged. What's in the News The board of directors authorized a new share buyback plan on March 10, 2026, giving Stantec approval to repurchase its own shares (Key Developments).
Narrative Update • Mar 25

STN: Arctic Radar Contract And Share Buybacks Will Support Long Term Returns

Analysts have kept their CA$166.73 price target for Stantec unchanged. This reflects only minor tweaks to inputs such as the discount rate and the assumed future P/E multiple, rather than a shift in their overall view of the stock.
Narrative Update • Mar 11

STN: Arctic Radar Win And Buyback Plan Will Support Long Term Earnings

Analysts have trimmed their Stantec price target by roughly CA$4 to reflect updated views on fair value, the discount rate, revenue growth, profit margins, and future P/E assumptions. What's in the News The Board of Directors authorized a new share buyback plan for Stantec Inc.
Narrative Update • Feb 24

STN: Expanded EU Energy Assignment Will Support Long Term Earnings

Analysts have modestly adjusted their CA$ price target on Stantec, reflecting slightly higher assumptions for revenue growth and profit margin, along with a small change in the discount rate and a marginally lower future P/E multiple. What's in the News Stantec has been awarded the second phase of the European Commission's Global Technical Assistance Facility for Sustainable Energy, a €27.7 million (CA$45.4 million) assignment that extends its role in supporting EU energy and climate objectives.
Narrative Update • Feb 10

STN: Global Energy Contracts And 2025 Guidance Will Support Long Term Earnings

Analysts have made a small adjustment to their price target for Stantec to roughly CA$171. This reflects updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions.
Narrative Update • Jan 26

STN: Global Energy Mandates And New Contracts Will Support Long Term Earnings

Analysts have slightly raised their price target for Stantec to approximately $171 from about $169. This change reflects small adjustments to fair value estimates, discount rate assumptions, revenue growth expectations, profit margin forecasts, and future P/E multiples.
Narrative Update • Jan 12

STN: New Global Energy Mandates Will Support Long Term Earnings Momentum

Analysts have kept their price target for Stantec broadly steady at about $168.82, with only minor tweaks to inputs such as the discount rate, expected revenue growth, and profit margin assumptions driving this small recalibration. What's in the News Stantec secured the second phase of the European Commission's Global Technical Assistance Facility for Sustainable Energy, a €27.7 million (C$45.4 million) assignment that runs to October 2028 and supports sustainable energy access and energy transition efforts across multiple regions, coordinated from Belgium (Key Developments).
Analysis Article • Jan 01

A Look At The Fair Value Of Stantec Inc. (TSE:STN)

Key Insights The projected fair value for Stantec is CA$119 based on 2 Stage Free Cash Flow to Equity Stantec's CA$130...
Narrative Update • Dec 27

STN: New Energy Contracts Will Drive Long Term Earnings Momentum

Narrative Update on Stantec Analysts have trimmed their price target on Stantec by approximately $0.55 per share. This reflects slightly softer long term revenue growth assumptions and a marginally lower discount rate, partially offset by a modestly improved profit margin outlook and a nearly unchanged future earnings multiple.
Narrative Update • Dec 13

STN: New Contracts And Index Inclusion Will Drive Long Term Earnings Momentum

Analysts have nudged their price target on Stantec slightly higher to approximately $169.36 per share from about $169.10, reflecting modestly improved long term margin and valuation assumptions, despite a marginally higher discount rate and slightly lower revenue growth outlook. What's in the News Stantec secured a €27.7 million (CAD 45.4 million) contract for the second phase of the European Commission's Global Technical Assistance Facility for Sustainable Energy, extending its role in supporting global energy transition initiatives through October 2028 (Key Developments).
Narrative Update • Nov 28

STN: Expanding Index Inclusion And New Contracts Will Drive Earnings Momentum

Analysts have increased their price target for Stantec from $166.64 to $169.10. They identified improved profit margin expectations and a modest adjustment in growth outlook as key factors behind the change.
Narrative Update • Nov 14

STN: Inclusion In FTSE All-World Index Will Drive Investor Interest

Analysts have slightly increased their price target for Stantec, raising it by $0.00 to reflect updated financial assumptions and modest adjustments to key forecasting metrics. What's in the News Stantec Inc.
Analysis Article • Nov 13

We Think Stantec (TSE:STN) Can Stay On Top Of Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Nov 02

Stantec (TSE:STN) Shareholders Will Want The ROCE Trajectory To Continue

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Narrative Update • Oct 30

STN: Index Addition And Contract Wins Will Support Balanced Medium-Term Prospects

Analysts have raised their price target for Stantec from $164.36 to $166.64, citing modest upticks in projected revenue growth and a slightly higher fair value estimate. What's in the News Stantec Inc.
Narrative Update • Oct 16

Global Acquisitions And Digital Transformation Will Drive Infrastructure Resilience

Analysts have raised their price target for Stantec by $2 to $164, citing small improvements in projected profit margins and slightly lower discount rates as key factors in the update. What's in the News Stantec Inc.
Analysis Article • Oct 14

Why We're Not Concerned About Stantec Inc.'s (TSE:STN) Share Price

When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") below 16x, you may consider...
Analysis Article • Sep 20

If EPS Growth Is Important To You, Stantec (TSE:STN) Presents An Opportunity

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Narrative Update • Sep 04

Global Acquisitions And Digital Transformation Will Drive Infrastructure Resilience

As both Stantec’s discount rate and net profit margin remained steady, there was no change in the consensus analyst price target, which is unchanged at CA$162.36. What's in the News Stantec raised its full-year 2025 net revenue growth guidance to 10%–12%, up from prior guidance of 7%–10%.
Analysis Article • Aug 15

Stantec Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

The analysts might have been a bit too bullish on Stantec Inc. ( TSE:STN ), given that the company fell short of...
Analysis Article • Aug 02

Does Stantec (TSE:STN) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Jul 09

Investors Interested In Stantec Inc.'s (TSE:STN) Earnings

When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") below 16x, you may consider...
Analysis Article • Jun 24

When Should You Buy Stantec Inc. (TSE:STN)?

Let's talk about the popular Stantec Inc. ( TSE:STN ). The company's shares led the TSX gainers with a relatively large...
Analysis Article • May 28

Stantec (TSE:STN) Might Have The Makings Of A Multi-Bagger

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
User avatar
New Narrative • Nov 25

Unlocking Growth Potential In Water And Buildings With Strategic Acquisitions And Robust Backlog

Strong performance in Water and Buildings, along with acquisition growth, drives potential revenue and margin improvements across key regions.

Earnings and Revenue Growth Forecasts

TSX:STN - Analysts future estimates and past financials data (CAD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20277,59970576999811
12/31/20267,13863165890011
12/31/20256,495479791863N/A
9/30/20256,334484805857N/A
6/30/20256,153437647720N/A
3/31/20256,050385567661N/A
12/31/20245,867362504603N/A
9/30/20245,630334439555N/A
6/30/20245,422332468589N/A
3/31/20245,208329427526N/A
12/31/20235,066317419520N/A
9/30/20234,954320362471N/A
6/30/20234,798286262351N/A
3/31/20234,636267251335N/A
12/31/20224,457247229304N/A
9/30/20224,243190195257N/A
6/30/20224,016192206265N/A
3/31/20223,808195292347N/A
12/31/20213,636201346397N/A
9/30/20213,582199423468N/A
6/30/20213,565191495530N/A
3/31/20213,608181670703N/A
12/31/20203,685159570604N/A
9/30/20203,724187584616N/A
6/30/20203,760182553590N/A
3/31/20203,762179453500N/A
12/31/20193,711194392453N/A
9/30/20193,646173N/A363N/A
6/30/20193,541171N/A284N/A
3/31/20193,451180N/A205N/A
12/31/20183,355171N/A173N/A
9/30/20183,081161N/A163N/A
6/30/20183,087152N/A147N/A
3/31/20183,112192N/A168N/A
12/31/20173,17497N/A264N/A
9/30/20173,433115N/A324N/A
6/30/20173,452118N/A340N/A
3/31/20173,34142N/A268N/A
12/31/20163,098131N/A286N/A
9/30/20162,846126N/A230N/A
6/30/20162,593127N/A254N/A
3/31/20162,410149N/A284N/A
12/31/20152,374156N/A206N/A
9/30/20152,326169N/A152N/A
6/30/20152,250168N/A165N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: STN's forecast earnings growth (18.6% per year) is above the savings rate (3%).

Earnings vs Market: STN's earnings (18.6% per year) are forecast to grow faster than the Canadian market (11% per year).

High Growth Earnings: STN's earnings are forecast to grow, but not significantly.

Revenue vs Market: STN's revenue (7.8% per year) is forecast to grow faster than the Canadian market (4.8% per year).

High Growth Revenue: STN's revenue (7.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: STN's Return on Equity is forecast to be low in 3 years time (19.8%).

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 03:26
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Stantec Inc. is covered by 19 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian PowAcumen Capital Finance Partners Limited
Christopher MurrayATB Cormark
Devin DodgeBMO Capital Markets Equity Research