Stantec Inc.

NYSE:STN Stock Report

Market Cap: US$10.5b

Stantec Future Growth

Future criteria checks 2/6

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 growth23.2%
Revenue growth rate7.8%
Future return on equity19.75%
Analyst coverage

Good

Last updated28 Apr 2026

Recent future growth updates

Recent updates

Seeking Alpha • Jun 27

Stantec: Good Growth Prospects But Premium Valuation Keeps Me On Sidelines

Summary Stantec is well-positioned for revenue growth, driven by secular trends in infrastructure, water, energy transition, and supportive government policies across key markets. Strong backlog, robust organic growth, and strategic acquisitions provide visibility and confidence in continued top-line expansion across all segments. Margin improvement is supported by operating leverage, disciplined cost control, and accretive M&A, with Q1 2025 showing solid project execution and higher EBITDA margins. Despite strong fundamentals, I maintain a neutral rating due to the stock’s premium valuation relative to historical averages and peers, reflecting much of the growth outlook. Read the full article on Seeking Alpha
Seeking Alpha • Jun 20

Stantec: Capitalizing On The Infrastructure Boom Whilst Tackling Opportunities And Challenges

Summary Stantec has seen record revenues in Q1 2024, with acquisitions increasing headcount by over 2,700 skilled workers. The company's order book backlog is at a record high of $7 billion, with expectations for 7% organic growth over the next three years. Stantec's competitive position in the market remains strong, but the rate of growth may not justify an investment at this time. Secular tailwinds in Infrastructure projects are expected to benefit Stantec. Read the full article on Seeking Alpha
Seeking Alpha • Mar 12

Stantec: Management Is Optimistic About The Future

Summary Stantec has grown its adjusted EPS at a CAGR of 16% from 2019 to 2023. Stantec had a strong 2023 with net revenue rising 14% year over year to C$5.1 billion, and adjusted diluted EPS rising 17% year over year to C$3.67. Management sees a strong 2024, and has a goal of growing adjusted diluted EPS at a CAGR in the range of 15% to 18% for its 2024-2026 strategic plan. In my view, the market is pricing in several years of fairly rapid adjusted EPS growth into Stantec's valuation, given the forward PE of 27.17 for 2024. While it's a high quality company, the valuation makes Stantec stock a 'Hold'. Read the full article on Seeking Alpha
Seeking Alpha • Nov 23

Stantec: Remaining On The Sidelines

Summary Stantec Inc. has good growth prospects driven by renewable energy demand, aging infrastructure, and federal infrastructure funding. The margin outlook is also good with easing labor market and improved productivity. Valuation is expensive. Read the full article on Seeking Alpha
Seeking Alpha • Aug 14

Stantec: Good Growth Prospects But High Valuation

Summary Stantec is well-positioned for growth with a robust backlog and strong demand in sectors such as water management, building, energy, and resources. The recent acquisition of Environmental System Design (ESD) is expected to contribute to revenue growth. The company's margin is expected to benefit from increased productivity, operational leverage, and a higher margin backlog. However, the stock's valuation is already high, so a neutral position is recommended. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE: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 (3.5%).

Earnings vs Market: STN's earnings (18.6% per year) are forecast to grow faster than the US market (16.1% 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 slower than the US market (11.3% 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 Analysis2026/05/06 10:03
End of Day Share Price 2026/05/06 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