Stantec Reports Record $6.5 Billion Income in 2025, Eyes Further Growth

Edmonton-based engineering and consulting firm Stantec Inc. achieved record income of $6.5 billion for the fiscal year 2025, marking an increase of nearly 11 percent compared to the previous year. The company attributes this impressive growth to its involvement in significant defence contracts in Canada and multi-billion-dollar data centre projects.

Stantec operates globally, but its chief executive, Gord Johnston, emphasized that Canadian projects have been pivotal to its success. Many of these initiatives are rooted in public investments, particularly notable in the Arctic region. For instance, at the Grays Bay road and port project in Nunavut, Stantec collaborates with Inuit-owned partners to construct a more than 200-kilometre all-season road, aimed at enhancing access to the Canadian Arctic. Once completed, the deep-sea Arctic port will accommodate both cargo and Canadian Navy vessels.

Johnston highlighted Stantec’s proficiency in operating under extreme climate conditions, using the Grays Bay project as a prime example. He stated, “We’re also involved in facilities to support the North American Aerospace Defense Command, and we’re doing work for the Canadian Department of National Defence to deliver facility upgrades for the Canadian Armed Forces.”

In addition to its efforts in Canada, Stantec is witnessing increased activity from U.S. public investments. In January 2026, the company, in partnership with AECOM Technology Corp., secured a US$144 million contract to assist in modernizing a U.S. Navy shipyard in Maine.

Stantec is also venturing into the realm of artificial intelligence data centres. While the company did not disclose the name of the AI firm it is collaborating with, Johnston noted that Stantec has been selected to “design the initial 300 to 350 megawatt phase of a large data centre campus, which has the potential to scale up to one gigawatt.”

In a separate announcement last spring, Stantec revealed that it was chosen by Calgary-based Beacon AI Centers to provide various technical services for the development of six data centre campuses across five municipalities in Alberta.

Overall, Stantec’s operations led to an impressive 32 percent increase in income for 2025, contributing an additional $118 million to the company’s financial standing. Looking ahead, Stantec anticipates its upward trajectory will continue, forecasting revenue growth between 8.5 percent and 11.5 percent for the year 2026.