Professional services firm Stantec reported record financial results for 2025, demonstrating strong operational performance across its business segments. The company generated net revenue of $6.5 billion, representing 10.7% growth year-over-year, while adjusted EBITDA reached $1.143 billion, up 16.7% from the prior year. This performance translated to adjusted earnings per share of $5.30, reflecting 19.9% growth and outpacing revenue expansion.
A notable achievement for the company was reaching its 17.6% adjusted EBITDA margin target one year ahead of its original timeline, signaling improved operational efficiency and margin management across the organization. The strong profitability metrics were accompanied by balance sheet strength, as Stantec's backlog increased to $8.6 billion, providing substantial visibility into future revenue. The company also demonstrated confidence in its financial position by increasing its dividend by 8.9%, reflecting management's commitment to shareholder returns.
Looking ahead to 2026, Stantec provided guidance for net revenue growth in the range of 8.5% to 11.5%, with adjusted EPS projected to grow 15% to 18%. This outlook reflects expected continued demand for the company's design, engineering, and consulting services while maintaining disciplined capital allocation and operational execution.