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TickerSTN
SectorEngineering & Construction
Mkt cap$13.6B
EV / EBITDA15.3×
PostureQuiet Issuer
Composite22/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1131383

Stantec Inc.

STNQUIET ISSUERQUIET

Stantec Inc. reads as Quiet Issuer (composite 22/100); pressure / disclosure signals dominate the posture this cycle · primary market E&C.

Lens

Disclosed M&A capital (2023–2025)

N/A

flat

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

0/3 active fiscal years in window

Buyer archetype

N/A

Insufficient acquisition disclosure for archetype classification.

Composite score

22

/100

Quiet Issuer dominates · Quiet

Financial snapshot
Revenue$7.6B
EBITDA$1B
Enterprise value$16.4B
EV / Revenue2.2×
EV / EBITDA15.3×
P/EN/A
CashN/A
Total debtN/A
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

0/100

Companies actively deploying disclosed capital into M&A

Buyer Cadence

0/100

Buyer-side companies with recent filing activity

Target Probability

6/100

Issuers showing target-side patterns from filings

  • 1 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 1 activism filings

Pressure Watch

2/100

Issuers facing activism, governance, or control pressure

  • 1 activism filings
  • Latest activism 21y ago; heavily discounted

Distress Watch

17/100

Issuers showing financial-distress filing patterns

  • Missing recent 10-Q
  • 1 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

22/100

Issuers with the highest filing-activity intensity

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $16.4B
  • Quiet signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

No disclosed M&A capital in the 10-year window.

This issuer has not disclosed material acquisition spend or count in the last ten fiscal years.

§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

E&C

Market spend (2023–2025)
$50.9B
Market spend (2020–2022)
$33.3B
Recent vs prior
+53%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

15.3×EV / EBITDA

STN trades at a -3.9-turn discount to the E&C peer median of 19.2×.

EV / Revenue
2.2×
Net debt / EBITDA
N/A
Peer median EV / EBITDA
19.2×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
46.8×3.8×2.0×$30B$5.4B
20.0×2.3×-0.3×$17.8B$1.3B
19.2×1.3×3.0×$13.2B$32M
Stantec Inc.STN
15.3×2.2×N/A$7.6BN/A
10.3×0.8×1.4×$16B$231M
7.1×0.9×2.4×$7.7B$829M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in E&C. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)222026-02-25
  • 10-Q (quarterly)0N/A
  • 8-K (event)0N/A
  • Proxy / DEF 14A0N/A
  • Activism (13D / DFAN / PREC)12005-04-19

Signals on file

  • elevated

    Activism on file

    2005-04-19

    1 activist filing on file (13D, DFAN14A, PREC14A series).

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.