Stagwell (STGW) financial statements
Stagwell reported revenue of $2.9B in fiscal 2025, up 8.6% a year over 9 years.
Net income was $29M and the operating margin 5.5%, against 3.5% in 2016.
Free cash flow was $247M, and the company returned $134M in net buybacks.
The diluted share count rose 415% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Stagwell's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.5B | $1.4B | $888M | $1.5B | $2.7B | $2.5B | $2.8B | $2.9B |
| Cost of revenue | $936M | $1.0B | $991M | $961M | $572M | $907M | $1.7B | $1.6B | $1.8B | $1.8B |
| Gross profit | $450M | $490M | $484M | $455M | $316M | $563M | $1.0B | $906M | $998M | $1.1B |
| Selling, general and admin | $306M | $310M | $349M | $328M | $192M | $424M | $602M | $661M | $712M | $732M |
| Operating income | $48M | $132M | $1M | $79M | $84M | $45M | $159M | $91M | $133M | $159M |
| Interest expense | $66M | $65M | $67M | $65M | $6M | $32M | $76M | $91M | $92M | $96M |
| Pre-tax income | -$50M | $86M | -$89M | $21M | $77M | $60M | $76M | $91M | $38M | $69M |
| Income tax | -$9M | -$168M | $30M | $10M | $6M | $23M | $25M | $41M | $13M | $38M |
| Net income | -$46M | $242M | -$130M | -$5M | $56M | $21M | $20M | $134,000 | $2M | $29M |
| EPS (diluted) | -$0.89 | $3.71 | -$2.31 | — | — | — | — | — | — | — |
| Diluted shares | 51M | 55M | 57M | 69M | 73M | 90M | 297M | 122M | 116M | 265M |
| Gross margin | 32.4% | 32.4% | 32.8% | 32.1% | 35.6% | 38.3% | 37.7% | 35.9% | 35.1% | 36.5% |
| Operating margin | 3.5% | 8.7% | 0.1% | 5.6% | 9.4% | 3.0% | 5.9% | 3.6% | 4.7% | 5.5% |
| Net margin | -3.3% | 16.0% | -8.8% | -0.4% | 6.3% | 1.4% | 0.7% | 0.0% | 0.1% | 1.0% |
Balance sheet
Fiscal years, from Stagwell's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $28M | $46M | $31M | $107M | $92M | $184M | $221M | $120M | $131M | $105M |
| Receivables | $388M | $434M | $394M | $449M | $226M | $697M | $646M | $697M | $716M | $736M |
| Total current assets | $490M | $543M | $590M | $622M | $366M | $1.0B | $1.0B | $1.0B | $1.1B | $1.2B |
| Property, plant and equipment | $78M | $90M | $88M | $81M | $36M | $98M | $99M | $78M | $73M | $73M |
| Goodwill | $845M | $836M | $733M | $325M | $352M | $1.7B | $1.6B | $1.5B | $1.6B | $1.6B |
| Total assets | $1.6B | $1.7B | $1.6B | $1.8B | $1.0B | $4.1B | $4.0B | $3.8B | $3.9B | $4.2B |
| Total current liabilities | $803M | $776M | $743M | $820M | $337M | $1.3B | $1.4B | $1.4B | $1.4B | $1.5B |
| Long-term debt | $936M | $883M | $954M | $888M | $198M | $1.2B | $1.2B | $1.1B | $1.4B | $1.3B |
| Total liabilities | $2.0B | $1.8B | $1.8B | $2.0B | $615M | $3.1B | $3.0B | $2.9B | $3.1B | $3.4B |
| Shareholders' equity | -$575M | -$214M | -$311M | -$231M | $359M | $371M | $499M | $357M | $332M | $758M |
| Net debt | $909M | $837M | $924M | $781M | $107M | $1.0B | $964M | $1.0B | $1.2B | $1.2B |
Cash flow
Fiscal years, from Stagwell's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$46M | $72M | $17M | $87M | $138M | $201M | $348M | $81M | $143M | $291M |
| Capital spending | $29M | $33M | $20M | $19M | $5M | $9M | $23M | $14M | $19M | $44M |
| Free cash flow | -$75M | $39M | -$3M | $68M | $133M | $192M | $325M | $67M | $124M | $247M |
| Stock-based compensation | $21M | $24M | $18M | $31M | $0 | $75M | $33M | $57M | $52M | $54M |
| Dividends paid | $33M | $284,000 | $196,000 | $56,000 | — | — | — | — | — | — |
| Share buybacks (net) | -$3M | -$2M | -$776,000 | -$601,000 | $0 | -$841,000 | -$70M | -$224M | -$108M | -$134M |
| Net borrowing | -$507,000 | -$404,000 | $0 | $0 | -$22M | — | — | — | — | — |
| Free cash flow margin | -5.4% | 2.6% | -0.2% | 4.8% | 15.0% | 13.1% | 12.1% | 2.6% | 4.4% | 8.5% |
| Dividends per share | $0.64 | $0.01 | $0.00 | $0.00 | — | — | — | — | — | — |
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Open STGW in InvestinglyQuestions
What was Stagwell's revenue in 2025?
$2.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Stagwell generate?
$247M in fiscal 2025 (operating cash flow minus capital spending).
From Stagwell's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.