Stantec Inc. (STN) Key Metrics
STN key metrics, 2015–2025
Fiscal year ended December 31, 2025 · Canadian dollarsSTN returns How much profit the business earns on the capital it uses.
STN financial health Debt, liquidity and how easily interest is covered.
STN efficiency & capital use Working capital cycle and where the cash goes.
STN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
STN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
STN cash returned to shareholders
STN key metrics in Canadian dollars
2015–2025| 2025 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | |||||||||
| Return on equity (ROE) | 14.8% | 11.5% | 10.2% | 7.1% | 7.9% | 2.5% | 5.0% | 7.9% | 11.8% |
| Return on invested capital (ROIC) | 9.7% | 7.6% | 7.2% | 6.6% | 6.5% | 7.9% | 4.5% | 7.1% | 10.2% |
| Return on assets (ROA) | 6.0% | 4.5% | 4.2% | 3.0% | 3.5% | 1.2% | 2.4% | 3.9% | 6.7% |
| Return on tangible assets | 11.6% | 8.3% | 7.5% | 5.3% | 5.5% | 2.2% | 4.7% | 6.5% | 12.6% |
| Free cash flow margin | 9.7% | 4.0% | 7.6% | 15.3% | 10.5% | 0.9% | 3.8% | 5.1% | 5.7% |
| Income quality (OCF / net income) | 1.80 | 1.23 | 1.98 | 4.50 | 3.03 | 3.64 | 2.72 | 2.19 | 1.31 |
| Financial health | |||||||||
| Total debt | C$3.13B | C$1.96B | C$1.95B | C$1.32B | C$1.58B | C$933.7M | C$739.6M | C$1.02B | C$365.4M |
| Cash & short-term investments | C$397.8M | C$148.3M | C$193.9M | C$285.0M | C$223.5M | C$185.2M | C$248.8M | C$231.8M | C$94.5M |
| Net debt | C$2.73B | C$1.81B | C$1.76B | C$1.03B | C$1.36B | C$748.5M | C$490.8M | C$788.7M | C$270.9M |
| Debt / equity | 0.97 | 0.86 | 0.98 | 0.68 | 0.85 | 0.49 | 0.39 | 0.52 | 0.28 |
| Debt / assets | 0.39 | 0.35 | 0.37 | 0.30 | 0.35 | 0.23 | 0.19 | 0.24 | 0.16 |
| Net debt / EBITDA | 2.52 | 2.67 | 3.33 | 2.37 | 2.74 | 2.02 | 1.15 | 2.29 | 0.88 |
| Current ratio | 1.23 | 1.37 | 1.41 | 1.59 | 1.57 | 1.90 | 1.39 | 1.48 | 1.51 |
| Quick ratio | 1.23 | 1.34 | 1.37 | 1.54 | 1.53 | 1.84 | 1.34 | 1.41 | 1.51 |
| Interest coverage | 6.4 | 5.6 | 7.4 | 5.8 | 4.2 | 9.1 | 7.9 | 6.8 | 16.6 |
| Working capital | C$524.4M | C$527.8M | C$485.0M | C$577.9M | C$573.8M | C$776.9M | C$454.9M | C$509.7M | C$319.3M |
| Invested capital | C$5.97B | C$4.09B | C$3.76B | C$2.96B | C$3.24B | C$2.66B | C$2.39B | C$2.76B | C$1.59B |
| Tangible asset value | −C$575.4M | −C$380.4M | −C$555.4M | C$73.5M | C$5.7M | C$39.8M | C$80.3M | −C$301.1M | C$218.7M |
| Net current asset value | −C$1.92B | −C$1.43B | −C$1.56B | −C$894.5M | −C$1.10B | −C$465.7M | −C$373.4M | −C$725.6M | −C$67.2M |
| Capital allocation | |||||||||
| Dividends paid | C$100.9M | C$78.2M | C$72.3M | C$68.0M | C$64.0M | C$61.3M | C$55.5M | C$46.1M | C$38.3M |
| Share buybacks (net) | — | C$65.3M | C$50.7M | C$80.3M | C$41.2M | C$74.7M | C$14.4M | C$18.2M | C$0 |
| Dividend payout ratio | 21.1% | 31.7% | 36.0% | 50.6% | 42.9% | 129.3% | 57.2% | 35.3% | 24.5% |
| Dividends + buybacks / free cash flow | 12.8% | 62.6% | 35.5% | 26.0% | 26.8% | 354.2% | 35.5% | 29.3% | 23.4% |
| Capex / revenue | 0.9% | 1.3% | 1.1% | 0.9% | 1.6% | 3.1% | 1.3% | 1.5% | 1.4% |
| Capex / operating cash flow | 8.3% | 24.6% | 12.7% | 5.7% | 13.3% | 77.8% | 25.3% | 23.0% | 20.3% |
| Capex / depreciation | 0.20 | 0.26 | 0.23 | 0.15 | 0.25 | 1.17 | 0.50 | 0.52 | 0.50 |
| Stock-based compensation / revenue | 0.5% | 0.5% | 1.0% | 0.4% | 0.5% | 0.1% | 0.2% | 0.2% | 0.4% |
| SG&A / revenue | 30.2% | 30.7% | 31.1% | 36.4% | 0.1% | 33.7% | 27.6% | 31.0% | 34.4% |
| Efficiency | |||||||||
| Days sales outstanding | 103.4 | 100.7 | 103.5 | 122.4 | 130.7 | 113.4 | 88.8 | 86.0 | 103.9 |
| Days of inventory on hand | — | 5.3 | 6.3 | 6.7 | 7.7 | 8.8 | 7.3 | 4.9 | 0.0 |
| Days payables outstanding | 37.0 | 28.8 | 30.1 | 34.0 | 34.7 | 43.6 | 40.3 | 33.9 | 28.4 |
| Cash conversion cycle (days) | 66.4 | 77.2 | 79.7 | 95.0 | 103.7 | 78.6 | 55.8 | 57.1 | 75.5 |
| Receivables turnover | 3.53 | 3.63 | 3.53 | 2.98 | 2.79 | 3.22 | 4.11 | 4.24 | 3.51 |
| Payables turnover | 9.86 | 12.69 | 12.14 | 10.73 | 10.53 | 8.37 | 9.06 | 10.77 | 12.84 |
| Inventory turnover | — | 69.07 | 58.27 | 54.77 | 47.33 | 41.49 | 49.70 | 73.81 | 158,465,000,000.00 |
| Asset turnover | 1.02 | 1.04 | 0.95 | 0.83 | 0.87 | 1.09 | 1.26 | 1.30 | 1.23 |
| Average receivables | C$2.30B | C$1.57B | C$1.30B | C$1.24B | C$1.33B | C$1.33B | C$1.25B | C$1.01B | C$819.3M |
| Average payables | C$503.1M | C$256.9M | C$215.3M | C$221.6M | C$224.1M | C$294.9M | C$365.5M | C$243.7M | C$123.4M |
| Average inventory | — | C$47.2M | C$44.9M | C$43.4M | C$49.9M | C$59.5M | C$66.6M | C$35.5M | C$0 |
| Intangibles / total assets | 48.0% | 47.2% | 48.9% | 42.3% | 41.0% | 46.6% | 46.9% | 53.2% | 47.2% |
Computed from STN's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
STN valuation and financial ratios
Stantec earned a return on equity of 14.8% and a return on invested capital of 9.7% in fiscal 2025. It ended the year with C$3.1 billion of debt and C$397.8 million in cash and short-term investments, net debt of C$2.7 billion. It returned C$100.9 million to shareholders: C$100.9 million in dividends and C$0 in share buybacks, 13% of free cash flow.
See the STN income statement, the STN chart for price history, or the STN stock overview for the latest quote and news.
STN key metrics FAQ
What is Stantec's return on equity?
Stantec's return on equity (ROE) was 14.8% in fiscal 2025: net income of C$479.0 million on average shareholders' equity of C$2.8 billion.
What is Stantec's ROIC?
Stantec's return on invested capital was 9.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Stantec have?
Stantec had total debt of C$3.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.97 and C$2.7 billion of net debt (2.52 times EBITDA).
What is Stantec's current ratio?
Stantec's current ratio was 1.23 at the end of fiscal 2025: current assets were 1.23 times current liabilities.