Stantec (STN) Cash Flow: Operating & Free Cash Flow

Stantec Cash Flow Statement Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for Stantec Inc. (STN) - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	479.40	361.50	316.50	247.00	200.70	171.10	194.40	171.30	97.00
Depreciation & Amortization	351.70	318.60	283.60	283.50	221.80	212.20	240.90	115.10	125.20
Deferred Income Tax	27.90	-42.40	-50.40	-43.20	-4.40	0.00	0.00	0.00	0.00
Stock Based Compensation	40.30	0.00	60.10	0.00	46.70	16.40	0.00	0.00	0.00
Change in Working Capital	-122.40	-176.20	-112.30	-254.00	-126.40	80.30	0.00	0.00	84.20
Change in Accounts Receivable	21.90	-167.50	-102.50	-339.20	-58.30	136.50	0.00	0.00	273.30
Change in Accounts Payable	-108.70	-59.60	-59.60	22.80	-65.80	-42.50	0.00	0.00	-172.80
Change in Other Working Capital	1.60	50.90	-4.80	62.40	1.20	4.30	0.00	0.00	-16.30
Other Operating Activities	1.60	141.60	-27.90	71.00	1.20	28.10	17.20	-113.80	-42.70
Net Cash from Operating Activities	862.90	603.10	520.00	304.30	397.00	603.80	452.50	172.60	263.70
Investing Activities
Capital Expenditures	-71.90	-99.00	-100.60	-68.50	-50.60	-31.20	-56.70	-124.80	-58.90
Acquisitions	-454.00	-555.00	-75.60	-50.40	-702.50	-50.60	-77.10	-142.50	251.50
Purchases of Investments	-92.50	-40.00	-110.40	-206.20	-61.60	-20.70	0.00	0.00	-5.10
Sales/Maturities of Investments	82.00	73.80	72.80	244.60	47.80	-3.00	0.00	3.70	0.00
Other Investing Activities	2.30	15.20	12.10	13.10	2.10	-17.20	2.20	6.90	-122.00
Net Cash from Investing Activities	-534.10	-605.00	-201.70	-73.80	-764.80	-102.00	-135.20	-266.10	60.30
Financing Activities
Debt Repayment	-473.30	66.00	-152.70	-17.50	-186.40	-620.70	-83.00	147.20	-218.20
Common Stock Issued	0.00	0.00	277.80	18.00	41.20	58.50	18.90	6.90	7.90
Common Stock Repurchased	0.00	0.00	0.00	-65.30	-50.70	-80.30	-41.20	-74.70	-14.40
Dividends Paid	-101.00	-94.00	-84.90	-78.20	-72.30	-68.00	-64.00	-61.30	-55.50
Other Financing Activities	-149.50	-124.10	-0.70	-153.70	-128.40	-129.30	-116.70	-0.10	-0.90
Net Cash from Financing Activities	-139.50	-152.10	-109.30	-296.70	276.50	-412.60	-286.00	18.00	-281.10
Summary
Effect of Forex Changes on Cash	-19.70	29.60	-4.40	20.60	-6.80	-23.20	7.00	13.30	-15.25
Net Change in Cash	169.60	-124.40	204.60	-45.60	-91.30	80.80	38.30	-62.20	27.65
Cash at Beginning of Period	228.50	352.90	148.30	193.90	284.80	223.50	185.20	247.40	219.75
Cash at End of Period	398.10	228.50	352.90	148.30	186.70	289.50	223.50	185.20	247.40
Free Cash Flow	791.00	504.10	419.40	235.80	346.40	572.60	395.80	47.80	204.80
Supplemental Disclosures
Interest Paid	-	-	-	-	36.40	51.90	-	-	-
Income Taxes Paid	-	112.70	143.60	91.20	89.00	77.90	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Stantec Cash Flow

What is Stantec's free cash flow?

Stantec generated free cash flow of CAD 791.00M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of CAD 862.90M minus CAD 71.90M of capital expenditures. That was up 56.9% from CAD 504.10M a year earlier. Free cash flow equaled 12.2% of revenue.

How much does Stantec spend on capital expenditures?

Stantec spent CAD 71.90M on capital expenditures in fiscal 2025, compared with CAD 99.00M a year earlier. That equals 8.3% of operating cash flow.

Does Stantec pay dividends or buy back shares?

Yes. In fiscal 2025 Stantec returned CAD 101.00M in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition