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An update from WSP Global ( (TSE:WSP) ) is now available.
WSP Global posted strong fourth-quarter and full-year 2025 results, with revenues rising to $4.85 billion in Q4 and $18.29 billion for the year, and net revenues up 8.2% in the quarter as organic growth remained solid despite lower U.S. emergency-response work and prior-period project revisions in Canada. Adjusted EBITDA climbed 9.4% in the quarter to $694.1 million with margins improving to 18.9%, while record backlog of about $17.1 billion, free cash flow of $1.7 billion, improved DSO, and a halving of its net debt-to-adjusted-EBITDA ratio to 0.9 underscore a strengthened balance sheet and acquisition capacity heading into 2026.
Net earnings attributable to shareholders rose to $256.3 million in Q4 and $964.3 million for 2025, with adjusted net earnings reaching $346.7 million in the quarter and $1.25 billion for the year, reflecting double-digit growth in profitability. Together with $5.2 billion in capital committed to acquisitions during 2025 and an expanding workforce of roughly 74,400 employees, the results and outlook position WSP to pursue further consolidation and growth in global engineering and professional services markets, supporting its competitive standing and long-term value creation for investors and other stakeholders.
The most recent analyst rating on (TSE:WSP) stock is a Buy with a C$343.00 price target. To see the full list of analyst forecasts on WSP Global stock, see the TSE:WSP Stock Forecast page.
Spark’s Take on TSE:WSP Stock
According to Spark, TipRanks’ AI Analyst, TSE:WSP is a Outperform.
The score is driven primarily by strong financial performance (growth, margin improvement, and stronger 2025 cash generation) and a constructive earnings outlook with solid backlog and cash-conversion targets. These positives are tempered by weak technical momentum (price below key moving averages and negative MACD) and a premium valuation (P/E 31.3 with a low dividend yield).
To see Spark’s full report on TSE:WSP stock, click here.
More about WSP Global
WSP Global Inc. is a Montreal-based professional services firm and one of the world’s largest providers of engineering and consulting services. The company focuses on infrastructure, environmental, building, transportation, and energy projects, serving public- and private-sector clients globally with a diversified, project-based revenue model.
Average Trading Volume: 463,946
Technical Sentiment Signal: Hold
Current Market Cap: C$30.3B
See more data about WSP stock on TipRanks’ Stock Analysis page.

