Description

Stantec: Inside the Playbook Balancing Infrastructure, Margins, and M&A!

Stantec Inc.’s third-quarter 2025 financial performance reflects a mix of organic growth, strategic acquisitions, and diversification across various markets. The company reported $1.7 billion in net revenue for the quarter, marking an almost 12% increase compared to the prior year. This growth was evenly driven by a healthy combination of organic and acquisition-related activities, each contributing over 5%. The Water business unit posted significant organic growth of almost 13%, while the Energy & Resources unit saw nearly 10% organic growth. Stantec achieved an adjusted EBITDA growth close to 18% year-over-year, with a record margin of 19%. Adjusted EPS increased by 17.7% compared to the previous year, reflecting solid operational profitability. From a geographical perspective, the U.S. market saw over 14% net revenue growth in the third quarter, supported by organic growth and recent acquisitions like that of Page, a move that yielded substantial revenue synergies.