Latest Ratios: P/E Ratio 22.9x · EV/EBITDA 12.5x · ROE 15.5%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.7B | $10.8B | $8.9B | $8.9B | $5.4B | $6.3B | $3.6B | $3.2B | $2.5B | $3.2B | $2.7B |
| Enterprise Value | $9.6B | $13.5B | $10.8B | $10.3B | $7.2B | $8.0B | $4.7B | $4.5B | $3.2B | $3.7B | $3.5B |
| P/E Ratio → | 22.88 | 22.47 | 24.75 | 26.91 | 21.69 | 31.25 | 21.22 | 16.26 | 52.05 | 32.88 | 20.70 |
| P/S Ratio | 1.35 | 1.32 | 1.19 | 1.38 | 0.94 | 1.37 | 0.98 | 0.85 | 0.58 | 0.62 | 0.63 |
| P/B Ratio | 3.39 | 3.32 | 3.04 | 3.64 | 2.34 | 3.14 | 1.88 | 1.68 | 1.30 | 1.68 | 1.37 |
| P/FCF | 13.87 | 13.62 | 17.75 | 20.08 | 23.33 | 18.12 | 6.38 | 8.05 | 64.80 | 16.23 | 12.33 |
| P/OCF | 12.71 | 12.48 | 14.84 | 16.37 | 17.58 | 15.81 | 6.02 | 6.98 | 14.42 | 12.12 | 9.49 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.66 | 1.44 | 1.58 | 1.26 | 1.76 | 1.26 | 1.22 | 0.76 | 0.72 | 0.82 |
| EV / EBITDA | 12.46 | 12.28 | 11.83 | 13.17 | 10.61 | 14.89 | 10.47 | 10.41 | 8.59 | 10.43 | 10.32 |
| EV / EBIT | 18.32 | 18.41 | 18.46 | 20.12 | 18.14 | 26.29 | 22.62 | 17.82 | 12.55 | 12.63 | 16.17 |
| EV / FCF | — | 17.08 | 21.35 | 23.12 | 31.21 | 23.20 | 8.19 | 11.56 | 84.29 | 18.77 | 16.01 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.0% | 39.0% | 42.6% | 42.4% | 42.6% | 42.9% | 36.0% | 36.6% | 42.4% | 35.6% | 39.0% |
| Operating Margin | 9.2% | 9.2% | 7.9% | 7.7% | 6.9% | 6.9% | 7.2% | 6.7% | 6.1% | 4.5% | 5.0% |
| Net Profit Margin | 5.9% | 5.9% | 4.8% | 4.9% | 4.4% | 4.4% | 3.6% | 4.0% | 1.1% | 1.9% | 3.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.5% | 15.5% | 13.4% | 13.4% | 11.5% | 10.2% | 7.1% | 7.9% | 2.5% | 5.0% | 7.9% |
| ROA | 6.4% | 6.4% | 5.7% | 5.5% | 4.5% | 4.2% | 3.0% | 3.5% | 1.2% | 2.4% | 3.9% |
| ROIC | 10.5% | 10.5% | 10.4% | 9.4% | 7.5% | 7.1% | 6.4% | 6.3% | 7.8% | 6.6% | 7.3% |
| ROCE | 14.0% | 14.0% | 13.0% | 11.8% | 9.4% | 8.5% | 7.6% | 7.4% | 8.9% | 7.7% | 8.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.97 | 0.97 | 0.69 | 0.69 | 0.86 | 0.98 | 0.68 | 0.84 | 0.49 | 0.39 | 0.52 |
| Debt / EBITDA | 2.85 | 2.85 | 2.25 | 2.18 | 2.90 | 3.62 | 2.95 | 3.64 | 2.48 | 2.09 | 2.99 |
| Net Debt / Equity | — | 0.84 | 0.62 | 0.55 | 0.79 | 0.88 | 0.53 | 0.73 | 0.39 | 0.26 | 0.41 |
| Net Debt / EBITDA | 2.49 | 2.49 | 1.99 | 1.73 | 2.68 | 3.26 | 2.31 | 3.16 | 1.99 | 1.41 | 2.37 |
| Debt / FCF | — | 3.46 | 3.60 | 3.04 | 7.89 | 5.08 | 1.81 | 3.51 | 19.49 | 2.54 | 3.68 |
| Interest Coverage | 6.28 | 6.28 | 4.95 | 4.97 | 5.67 | 7.16 | 4.53 | 4.30 | 8.99 | 10.09 | 6.90 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.23 | 1.23 | 1.29 | 1.41 | 1.37 | 1.41 | 1.59 | 1.57 | 1.90 | 1.39 | 1.48 |
| Quick Ratio | 1.23 | 1.23 | 1.29 | 1.41 | 1.34 | 1.37 | 1.54 | 1.53 | 1.84 | 1.34 | 1.41 |
| Cash Ratio | 0.18 | 0.18 | 0.13 | 0.23 | 0.11 | 0.16 | 0.29 | 0.22 | 0.22 | 0.22 | 0.22 |
| Asset Turnover | — | 1.02 | 1.08 | 1.12 | 1.00 | 0.88 | 0.85 | 0.82 | 1.07 | 1.32 | 1.00 |
| Inventory Turnover | — | — | — | — | 67.08 | 57.06 | 54.15 | 55.00 | 43.46 | 53.25 | 36.90 |
| Days Sales Outstanding | — | 103.38 | 108.46 | 104.14 | 111.27 | 111.75 | 117.39 | 127.03 | 116.76 | 91.78 | 102.49 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.9% | 0.9% | 1.1% | 1.0% | 1.5% | 1.2% | 1.9% | 2.0% | 2.5% | 1.7% | 1.7% |
| Payout Ratio | 21.1% | 21.1% | 26.0% | 26.8% | 31.7% | 36.0% | 50.6% | 42.9% | 129.3% | 57.2% | 35.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.4% | 4.5% | 4.0% | 3.7% | 4.6% | 3.2% | 4.7% | 6.1% | 1.9% | 3.0% | 4.8% |
| FCF Yield | 7.2% | 7.3% | 5.6% | 5.0% | 4.3% | 5.5% | 15.7% | 12.4% | 1.5% | 6.2% | 8.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.1% | 1.2% | 0.8% | 2.2% | 1.3% | 3.0% | 0.5% | 0.7% |
| Total Shareholder Yield | 0.9% | 0.9% | 1.1% | 1.1% | 2.7% | 2.0% | 4.1% | 3.3% | 5.5% | 2.2% | 2.4% |
| Shares Outstanding | — | $114M | $114M | $111M | $112M | $112M | $112M | $112M | $114M | $114M | $107M |
Acquisition-driven goodwill concentration
Based on current market data, Stantec trades at a 23.46x trailing P/E, which appears to price in a premium for its environmental exposure compared to traditional engineering peers, though the 1.05 PEG ratio suggests investors are balancing this growth against inherent cyclical volatility in infrastructure project cycles.
The forward P/E of 15.91 implies that the market anticipates a significant earnings expansion, likely driven by the conversion of the current backlog into recognized revenue. However, the valuation gap between Stantec and specialized consultants like Tetra Tech suggests that the market remains cautious about the company's ability to sustain high-margin growth across its broader, more capital-intensive infrastructure portfolio.
As reported in financial statements, Stantec's ROIC has remained stagnant, hovering between 2.0% and 3.2% over the last ten quarters, which indicates that the company's aggressive acquisition strategy has yet to yield the expected compounding returns on invested capital for its shareholders.
The persistent gap between ROIC and the company's cost of capital warrants further investigation into whether the integration of acquired firms is effectively driving operational synergies. The low return profile suggests that the firm's growth is currently capital-intensive, potentially diluting the value-add of its specialized engineering services.
According to recent quarterly data, Stantec's Days Sales Outstanding (DSO) has fluctuated significantly, peaking at 134 days in 2025Q2, which highlights a structural inefficiency in converting project-based billings into cash compared to the more streamlined operations of its direct industry competitors.
This volatility in the cash conversion cycle suggests that the company may be experiencing delays in municipal payment cycles or project milestone approvals. Investors should monitor whether these extended collection periods are a permanent feature of the firm's public-sector-heavy revenue mix or a temporary operational bottleneck.
The most commonly misapplied metric for Stantec is GAAP net income, which, as indicated by the company's frequent M&A activity and amortization of intangibles, significantly obscures the underlying cash-generating capacity of the firm's core engineering and architectural service operations.
Analysts should instead prioritize free cash flow or adjusted EBITDA to better capture the economic reality of the business, as GAAP figures are heavily distorted by non-cash charges related to past acquisitions. Relying on net income alone may lead to an inaccurate assessment of the company's true earning power and its ability to fund future growth internally.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying STN stock.
Stantec Inc.'s current P/E ratio is 22.9x. The historical average is 27.1x. This places it at the 57th percentile of its historical range.
Stantec Inc.'s current EV/EBITDA is 12.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.5x.
Stantec Inc.'s return on equity (ROE) is 15.5%. The historical average is 12.7%.
Based on historical data, Stantec Inc. is trading at a P/E of 22.9x. This is at the 57th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Stantec Inc.'s current dividend yield is 0.92% with a payout ratio of 21.1%.
Stantec Inc. has 39.0% gross margin and 9.2% operating margin.
Stantec Inc.'s Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.