Stantec Reports Strong Q3 2026 Results

Stantec, a global leader in sustainable engineering, architecture, and environmental consulting, reported its third quarter 2026 financial results today, showcasing significant growth and profitability. The company reported a net revenue of $1.9 billion, marking a 9.4% increase from the third quarter of 2025. This growth was primarily driven by organic growth of 5.3% and acquisition growth of 2.6%.

Adjusted EBITDA for the quarter increased by 16.6% to $377.1 million, and the adjusted EBITDA margin reached 20.2%, up 120 basis points from the third quarter of 2025. This margin achievement is a testament to Stantec's disciplined execution and diversified platform, which includes organic growth across all regions and businesses.

The company's performance was further bolstered by a 10.0% increase in year-to-date net revenue to $5.3 billion, driven by acquisition growth of 5.5% and organic growth of 4.3%. The acquisition growth primarily reflects the strong results of Page, while organic growth has been driven by Stantec's Global region, which has seen double-digit organic growth in Canada and Global, as well as in Stantec's Buildings, Water, and Energy & Resources businesses.

Stantec's financial performance also included a 19.7% increase in net income to $179.6 million, and a 21.2% increase in diluted earnings per share (EPS) to $1.60. Adjusted net income grew by 21.8% to $212.1 million, representing 11.4% of net revenue, an increase of 120 basis points from the third quarter of 2025. Adjusted earnings per share (EPS) increased by 23.5% to $1.89.

Stantec's contract backlog at September 30, 2026, stood at $9.2 billion, marking a 11.6% year-over-year increase, driven by 9.9% organic growth. This backlog represents approximately 13 months of work and reflects favorable demand trends across the company's end markets.

Stantec also announced that it had repurchased 3,390,521 common shares for an aggregate price of $350.4 million in the first three quarters of 2026. The company has further narrowed and adjusted upward the range of its adjusted EBITDA margin target and increased its adjusted net income margin and adjusted EPS growth targets based on the strength of its financial performance and the outlook for the remainder of the year.

Stantec's third quarter 2026 results highlight the company's continued growth and profitability, driven by strong organic and acquisition growth, a record adjusted EBITDA margin, and robust adjusted EPS growth. The company's focus on efficient operations and effective management of discretionary spending has contributed to these positive financial outcomes.