AtkinsRéalis Group Inc. ATRL

Morningstar Rating
CA$86.41 +0.59 (0.69%)
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Company Report

AtkinsRéalis Is Poised to Generate Profitable Growth in Engineering Services Regions and Nuclear

Since Ian Edwards took the helm as president and CEO in 2019, AtkinsRéalis has transformed and significantly derisked its portfolio. The company has ceased bidding on lump-sum turnkey projects and divested its oil and gas business. We view the new strategic direction favorably, as cost overruns on LSTK projects led to negative cash flows in recent years. The company has steadily reduced its LSTK backlog to only CAD 94 million at the end of 2025, which we believe significantly reduces the risk of further material cost overruns. We expect more-stable results once the firm completes the remaining LSTK backlog.

Price vs Fair Value

ATRL is trading at a LOCK|#yb@wF& premium.
Price
CA$85.82
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

We think that AtkinsRéalis’ nuclear segment has a narrow moat based on intangible assets and switching costs. The segment consistently delivers midteens operating margins and has solid growth prospects.

Bears

Execution issues have resulted in significant charges on lump-sum turnkey projects.

News

Trading Information

Previous Close Price
CA$85.82
Day Range
CA$85.40–88.24
52-Week Range
CA$79.16–106.82
Bid/Ask
CA$86.07 / CA$86.54
Shares Outstanding
160.03M
Market Cap
CA$13.83B
Volume/Avg
272,577 / 515,383

Key Statistics

Price/Earnings (Normalized)
22.17
Price/Sales
1.21
Dividend Yield (Trailing)
0.09%
Dividend Yield (Forward)
0.09%
Dividend Payment Schedule
Mar, Jun, Sep, Dec
Total Yield
3.59%

Company Profile

Based in Montreal, AtkinsRéalis is a fully integrated professional services and project management firm that offers a wide range of services, including financing, consulting, engineering and construction, procurement, and operations and maintenance. The firm serves clients in the infrastructure, nuclear, and engineering design and project management industries. Additionally, it owns infrastructure projects through its capital segment. AtkinsRéalis generated approximately CAD 11 billion in sales in 2025.
Sector
Industrials
Industry
Engineering & Construction
Stock Style Box
Mid Growth
Total Number of Employees
40,246

Competitors

Valuation

Metric
ATRL
ACM
FLR
Price/Earnings (Normalized)
22.1715.9423.95
Price/Book Value
2.563.502.49
Price/Sales
1.210.510.48
Price/Cash Flow
16.9911.36—
Price/Earnings
ATRL
ACM
FLR

Financial Strength

Metric
ATRL
ACM
FLR
Quick Ratio
1.010.931.74
Current Ratio
1.101.061.80
Interest Coverage
7.893.29−5.05
Quick Ratio
ATRL
ACM
FLR

Profitability

Metric
ATRL
ACM
FLR
Return on Assets (Normalized)
5.33%4.09%3.34%
Return on Equity (Normalized)
12.22%21.14%7.87%
Return on Invested Capital (Normalized)
10.26%10.69%5.09%
Return on Assets
ATRL
ACM
FLR

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