Stantec Inc · Q2 2025 earnings

Briefing

Stantec records Q2 adjusted EPS of $1.36 on 6.9% net revenue growth and record adjusted net income

Stantec Inc. reported second quarter 2025 results for the period ended June 30, 2025, with net revenue of CAD 1.60 billion, up 6.9% including 4.8% organic growth across all regional and business operating units. Net income rose 62.7% to CAD 135.4 million (EPS CAD 1.19) and adjusted net income reached a record CAD 154.7 million (adjusted EPS CAD 1.36), up over 20%. Project margin was CAD 864.7 million at 54.2% of net revenue and adjusted EBITDA grew 15.0% to CAD 284.4 million. Contract backlog increased 9.9% to CAD 7.9 billion, representing approximately 12 months of work. DSO improved to 73 days and net debt to adjusted EBITDA remained 1.1x.

• Net revenue CAD 1.60B, up 6.9% with 4.8% organic growth; Water segment achieved double-digit organic growth
• Record adjusted net income CAD 154.7M and adjusted EPS CAD 1.36, both up over 20%
• Net income CAD 135.4M (EPS CAD 1.19), up 62.7%; adjusted EBITDA margin expanded 120 bps to 17.8%
• Contract backlog CAD 7.9B, up 9.9% including 9.0% organic growth (~12 months of work)
• Issued CAD 425M senior notes at 4.374%; expanded revolving credit facility to CAD 1.2B

Headline financials

Revenue & EPS history