Business
Stantec reports record 2025 results, achieves 17.6% adjusted EBITDA margin, increases dividend by 8.9%, and provides 2026 outlook
2025 Highlights Net revenue grew to $6.5 billion, an increase of 10.7% compared to 2024;Adjusted EBITDA1 of $$1.1 billion, up 16.7% year-over-year, and adjusted EBITDA margin1 of 17.6%, a 90 basis point increase over 2024;Operating cash flows increased 43.1% from $603.1 million to $862.9 million and delivered strong free cash flow to net income of 1.3x;Diluted EPS1 of $4.20 and adjusted EPS of $5.30, an increase of 19.9% over 2024; andBacklog of $8.6 billion, up 9.5% from December 31, 2024. EDMO
About this update from Stantec Inc
[{"type":"image","alt":"Stantec Inc.","displaySize":"","headline":null,"caption":"Stantec Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":80,"url":"https://media.zenfs.com/en/globenewswire.com/ef55647b34b75afb3ec0a61104657e83"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/VSX7ng1Q9IRRseNw9uy1dQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/ef55647b34b75afb3ec0a61104657e83","width":300,"height":80}},"lazy":false},{"type":"text","content":"2025 Highlights","length":15,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net revenue grew to $6.5 billion, an increase of 10.7% compared to 2024;","length":77,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA1 of $$1.1 billion, up 16.7% year-over-year, and adjusted EBITDA margin1 of 17.6%, a 90 basis point increase over 2024;","length":134,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating cash flows increased 43.1% from $603.1 million to $862.9 million and delivered strong free cash flow to net income of 1.3x;","length":133,"tagName":"p"}]},{"val":[{"type":"text","content":"Diluted EPS1 of $4.20 and adjusted EPS of $5.30, an increase of 19.9% over 2024; and","length":84,"tagName":"p"}]},{"val":[{"type":"text","content":"Backlog of $8.6 billion, up 9.5% from December 31, 2024.","length":56,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":484,"olType":false},{"type":"text","content":"EDMONTON, Alberta and NEW YORK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, released its results today for the fourth quarter and year ended December 31, 2025.","length":232,"tagName":"p"},{"type":"text","content":"Stantec achieved another record-setting year in 2025 as its work continues to address some of the world's greatest challenges. Net revenue increased 10.7% to $6.5 billion, driven by 5.0% organic growth1 and 3.9% acquisition growth1. Adjusted EBITDA increased 16.7% year-over-year to $1,143.7 million. The Company's strong project execution and cost management drove an adjusted EBITDA margin1 of 17.6%, achieving Stantec's 2024-2026 Strategic Plan target range of 17% to 18% one year earlier than anticipated. Stantec also achieved diluted earnings per share (EPS) of $4.20, and adjuste...