Strong Revenue Growth
Net revenue grew to $1.7 billion in Q3 2025, an increase of almost 12% compared to Q3 of last year, driven by organic and acquisition growth, each over 5%.
Record-High Adjusted EBITDA Margin
Stantec achieved an all-time high adjusted EBITDA margin of 19%, a 100 basis point increase compared to Q3 of last year.
Significant Growth in Water and Energy Segments
Water business delivered almost 13% organic growth, Energy & Resources delivered nearly 10%. Double-digit growth was also seen in certain geographies for these sectors.
Strong Performance in U.S. Market
In the U.S., net revenue increased over 14% in Q3, with 4.6% organic growth and 9% acquisition growth.
Impressive Adjusted EPS Growth
Adjusted EPS grew by 17.7% compared to Q3 2024.
Increase in Contract Backlog
Contract backlog stood at $8.4 billion, an almost 15% increase year-over-year, representing approximately 13 months of work.
Strong Cash Flow and Liquidity
Year-to-date operating cash flows are up 86% compared to 2024, reflecting strong revenue growth and operational performance.