Stagwell Inc STGW
Stagwell Inc. is the global challenger network transforming marketing through artificial intelligence ("AI"). Stagwell delivers scaled creative performance for the world's most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our specialists in over 34 countries have a unified purpose: to drive effectiveness and improve business results for our more than 4,500 clients as of December 31, 2025.
Since 2021, Stagwell's standing in the industry has grown as customers have increasingly recognized our agencies' outstanding work - leading to accelerating net new business trends - and as we have invested in augmenting our capabilities and geographical reach. Throughout our growth, we have maintained a collaborative spirit that is integral to the Stagwell DNA. We believe our ability to work across business lines and geographies gives us a competitive advantage relative to many of the legacy holding company competitors. While Stagwell is still focused on growth, we believe we have the right scale, scope, and size to meet the needs of marketers worldwide. Our award-winning work and new business wins are evidence that our offering resonates with clients.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.91B | $2.84B | $2.53B | $2.69B | $1.47B | $888.0M | $1.42B | $1.48B | $1.51B | $1.39B |
| Cost of revenue | $1.85B | $1.84B | $1.62B | $1.67B | $906.9M | $571.6M | $961.1M | $991.2M | $1.02B | $936.1M |
| Gross profit | $1.06B | $998.2M | $906.0M | $1.01B | $562.5M | $316.4M | $454.7M | $483.9M | $490.3M | $449.7M |
| SG&A | $732.3M | $711.8M | $661.2M | $601.5M | $424.0M | $191.7M | $328.3M | $349.1M | $310.5M | $306.3M |
| Total operating expenses | $2.75B | $2.71B | $2.44B | $2.53B | $1.42B | $804.3M | $1.34B | $1.47B | $1.38B | $1.34B |
| Operating income | $159.0M | $133.1M | $90.5M | $159.2M | $44.7M | $83.7M | $79.5M | $1.4M | $130.9M | $48.4M |
| Pre-tax income | $68.8M | $37.7M | $91.1M | $75.6M | $59.6M | $77.3M | $20.9M | -$88.7M | $86.0M | -$49.7M |
| Income tax | $38.3M | $13.2M | $40.6M | $25.5M | $23.4M | $5.9M | $10.3M | $29.6M | $168.4M | $9.4M |
| Net income | $30.6M | $25.0M | $41.6M | $50.0M | $35.9M | $56.4M | -$5.3M | -$130.0M | $241.1M | -$45.8M |
| EPS, basic | — | — | — | — | — | — | — | -2.31 | 3.72 | -0.89 |
| EPS, diluted | — | — | — | — | — | — | — | -2.31 | 3.71 | -0.89 |
| Shares, diluted (wtd. avg.) | $264.5M | $115.8M | $122.2M | $296.6M | $90.4M | $72.9M | $69.1M | $57.2M | $55.5M | $51.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $104.5M | $131.3M | $119.7M | $220.6M | $184.0M | $92.5M | $63.9M | $30.9M | $50.8M | $33.3M |
| Receivables | $735.8M | $716.4M | $697.2M | $645.8M | $696.9M | $225.7M | $449.3M | $395.2M | $434.1M | $388.3M |
| Total current assets | $1.16B | $1.14B | $1.03B | $1.03B | $1.01B | $365.7M | $622.0M | $589.9M | $542.8M | $489.6M |
| Property, plant and equipment | $73.1M | $72.7M | $77.8M | $98.9M | $97.5M | $35.6M | $81.1M | $88.2M | $90.3M | $78.4M |
| Goodwill | $1.60B | $1.55B | $1.50B | $1.57B | $1.65B | $351.7M | $325.2M | $732.8M | $835.9M | $844.8M |
| Other intangibles | $834.2M | $836.8M | $818.2M | $907.5M | $958.8M | $186.0M | $54.9M | $67.8M | $70.6M | $85.1M |
| Total assets | $4.21B | $3.91B | $3.77B | $4.00B | $4.06B | $1.01B | $1.83B | $1.61B | $1.70B | $1.58B |
| Accounts payable | $548.3M | $449.3M | $415.0M | $357.3M | $271.8M | $147.8M | $200.1M | $222.0M | $244.5M | $251.5M |
| Short-term debt | — | — | — | — | $0 | $994.0K | — | $356.0K | $313.0K | $228.0K |
| Total current liabilities | $1.48B | $1.37B | $1.37B | $1.37B | $1.29B | $337.0M | $819.6M | $742.5M | $775.6M | $802.8M |
| Long-term debt | $1.33B | $1.35B | $1.15B | $1.18B | $1.19B | $198.0M | $887.6M | $954.1M | $882.8M | $936.2M |
| Total liabilities | $3.41B | $3.12B | $2.93B | $3.03B | $3.13B | $614.7M | $1.98B | $1.81B | $1.79B | $2.03B |
| Retained earnings | $32.9M | $11.7M | $21.1M | $22.1M | -$7.0M | $0 | -$480.8M | -$464.9M | -$340.0M | -$581.8M |
| Total equity | $758.4M | $331.7M | $825.3M | $928.8M | $879.0M | $398.5M | $348.5M | -$257.6M | -$159.9M | -$509.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $291.0M | $142.9M | $81.0M | $347.6M | $200.9M | $138.1M | $86.5M | $17.3M | $71.8M | -$45.9M |
| Depreciation and amortisation | $171.2M | $151.7M | $142.8M | $131.3M | $77.5M | $41.0M | $25.1M | $27.1M | $23.9M | $22.3M |
| Stock-based compensation | $54.1M | $52.2M | $57.2M | $33.2M | $75.0M | $0 | $31.0M | $18.4M | $24.4M | $21.0M |
| Capital expenditure | $43.7M | $18.9M | $14.2M | $22.7M | $8.8M | $4.7M | $18.6M | $20.3M | $33.0M | $29.4M |
| Investing cash flow | -$113.7M | -$162.5M | $156.0M | -$116.3M | $164.0M | -$29.0M | $115.0K | -$50.4M | -$20.9M | -$25.2M |
| Financing cash flow | -$210.0M | $36.9M | -$339.9M | -$186.7M | -$273.4M | -$80.1M | -$11.7M | $21.4M | -$32.6M | $35.7M |
| Dividends paid | — | — | — | — | — | — | $56.0K | $196.0K | $284.0K | $32.9M |
| Buybacks | $134.3M | $108.2M | $223.8M | $70.3M | $841.0K | $0 | $601.0K | $776.0K | $1.8M | $3.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-050360.
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