Stantec Inc.

Industrials

TSX:STN.TO · Toronto Stock Exchange

Market Cap $11.24B Beta 0.72 P/E (TTM) 22.9

$96.03 -1.77%

-$1.78 today

52W Low $98.07High $160.05

Vol 0.33M · Avg 0.46M

EPS (TTM) $4.30 Div Yield 0.93%Engineering & Construction

Income Statement

Follow revenue through to earnings

Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.

Income Statement Balance Sheet Cash Flow

Stock Ticker Earnings Waterfall

TSX:STN.TO · Revenue to Net Income

Income Statement

Key Ratios

EPS$4.30

Gross Margin43.6%

Net Margin6.3%

P/E Ratio32.5

P/S Ratio8.1

Analysis

$7.9B of revenue converted into $490.1M of net income for the selected period. Gross margin is 43.6% and net margin is 6.3%, showing how much revenue survives after costs and taxes. EPS is $4.30, tying the income statement back to per-share earnings.

Income Statement

Annual data · 5 periods

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Revenue	$8.1B +38.8%	$5.9B +15.8%	$5.1B +13.7%	$4.5B +22.6%	$3.6B	$809.6M	$921.6M	$731.2M
Cost of Revenue	$5.0B +86.0%	$2.7B +15.1%	$2.3B +13.8%	$2.0B +21.9%	$1.7B	$725.6M	$804.0M	$882.4M

Gross Profit	$3.2B -0.6%	$3.2B +16.4%	$2.7B +13.5%	$2.4B +23.1%	$2.0B	$8.9B	$7.6B	$6.2B

Gross Margin	39.0% -15.5pp	54.5% +0.3pp	54.2% -0.1pp	54.2% +0.2pp	54.0%	9.8%	28.9%	38.3%
Research & Development	$0	$0	$0	$0	$0	$983.2M	$1.3B	$490.4M
Selling, General & Admin	$2.4B +9.3%	$2.2B +16.6%	$1.9B +12.1%	$1.7B +19.5%	$1.4B	$620.6M	$923.0M	-$1.5B

Operating Expenses	$2.4B +9.3%	$2.2B +16.6%	$1.9B +12.1%	$1.7B +19.5%	$1.4B	$5.3B	$7.0B	$8.7B
Depreciation & Amortization	$351.7M +123.6%	$157.3M +23.4%	$127.5M -6.0%	$135.7M +45.1%	$93.5M	$374.2M	$1.2B	$631.8M

EBITDA	$1.1B +33.6%	$812.5M +19.1%	$682.4M +20.0%	$568.8M +38.3%	$411.4M	-$15.2B	$6.8B	$9.3B
EBITDA Margin	13.3% -0.5pp	13.8% +0.4pp	13.5% +0.7pp	12.8% +1.4pp	11.3%	5.6%	46.3%	42.0%

Operating Income	$748.3M -23.2%	$973.8M +16.1%	$838.5M +17.0%	$716.6M +32.8%	$539.7M	$12.3B	$14.0B	-$15.7B

Operating Margin	9.2% -7.4pp	16.6% +0.0pp	16.6% +0.5pp	16.1% +1.2pp	14.8%	16.6%	24.1%	22.0%
Interest Income	$14.9M +4.9%	$14.2M +21.4%	$11.7M +108.9%	$5.6M +16.7%	$4.8M	-$1.5B	-$1.6B	$405.0M
Interest Expense	$116.9M -1.4%	$118.6M +13.3%	$104.7M +32.9%	$78.8M +63.8%	$48.1M	$1.1B	$1.0B	$1.2B
Other Income / Expenses	-$131.4M +74.2%	-$508.5M -18.0%	-$430.8M -10.0%	-$391.5M -41.5%	-$276.7M	-$1.5B	$1.4B	$1.2B

Income Before Tax	$616.9M +32.6%	$465.3M +14.1%	$407.7M +25.4%	$325.1M +23.6%	$263.0M	$3.3B	$4.9B	$3.6B
Pre-Tax Margin	7.6% -0.4pp	7.9% -0.1pp	8.0% +0.8pp	7.3% +0.1pp	7.2%	20.8%	18.7%	26.2%
Income Tax Expense	$137.5M +32.5%	$103.8M +13.8%	$91.2M +16.8%	$78.1M +25.4%	$62.3M	$1.3B	-$1.6B	$745.2M

Net Income	$479.4M +32.6%	$361.5M +14.2%	$316.5M +28.1%	$247.0M +23.1%	$200.7M	$4.9B	$4.8B	$4.7B

Net Margin	5.9% -0.3pp	6.2% -0.1pp	6.2% +0.7pp	5.5% +0.0pp	5.5%	12.4%	17.5%	22.5%
EPS (Basic)	$4 +32.5%	$3 +11.2%	$3 +27.8%	$2 +23.9%	$2	$400.8M	$703.2M	$1.3B
EPS (Diluted)	$4 +32.5%	$3 +11.2%	$3 +28.4%	$2 +23.3%	$2	$766.2M	$609.4M	$452.6M
Weighted Avg Shares	$114.1M +0.0%	$114.1M +2.6%	$111.2M +0.3%	$110.9M -0.3%	$111.2M	$757.8M	$925.8M	$1.1B
Weighted Avg Shares (Diluted)	$114.1M +0.0%	$114.1M +2.6%	$111.2M -0.3%	$111.6M +0.0%	$111.6M	$1.2B	$924.4M	$678.0M