Stantec attributes Q3 2026 net income growth to higher revenue, improved project margins
STN•Stantec’s third-quarter 2026 net income rose 19.7% to CAD 179.6 million as net revenue increased 9.4% to CAD 1.86 billion. It raised its 2026 adjusted EBITDA margin target to 18.3%-18.5%.
1. Quarterly results
Stantec said third-quarter net income increased 19.7% to CAD 179.6 million, while net revenue rose 9.4% to CAD 1.86 billion. The company attributed the growth to higher revenue and improved operating margins, with organic growth across all regions and businesses, notably Water.
2. Margins and cash flow
Adjusted EBITDA rose 16.6% to CAD 377.1 million, reflecting stronger project margins and lower administrative expenses relative to revenue. Year-to-date operating cash flow fell CAD 42 million to CAD 508.6 million as working capital investment offset revenue and margin growth.
3. Updated target
Management raised its 2026 adjusted EBITDA margin target to 18.3%-18.5%, citing strong execution and operating cost controls.
