WSP
WSP worldwide (TSX:WSP) fits that mentality because it sells something the world continues to need: technical and professional services that turn big plans into real projects. It works in the areas of transport, buildings, water, environment and energy, and tends to go through long cycles associated with infrastructure spending. That gives it a different touch than trendy technology, but still benefits from megatrends such as electrification and the drive to modernize networks. In a market that changes mood every week, a boring question can feel like a gift.
Over the past year, WSP news has leaned heavily towards ‘bigger and more strategic’. The most significant deal was the agreement to acquire TRC Companies for a total cash purchase price of $3.3 billion, which WSP described as a decisive step to build the best Power & Energy platform in the US. The company said it expects the deal to be accretive to adjusted net earnings per share, with more upside potential once cost synergies materialize.
WSP also continued to add capabilities in ways that support that same theme. In October 2025, it completed the acquisition of Ricardo, a UK-based strategic and technical consultancy. These types of additional solutions strengthen the technical basis and deepen the presence in key markets, which is important if customers want a one-stop shop for complex programs.
Revenue support
The profit picture supports the case of “steady compounder”. In the third quarter of 2025, WSP reported revenue of $4.53 billion, compared to $3.98 billion a year earlier. Net revenues came in at $3.46 billion, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) were $700.4 million, with an adjusted EBITDA margin of 20.2%. These numbers show scale and improve profitability, which is what you want if you plan to hold stocks for years to come.
If we zoom out a bit, the results from previous quarters also point to momentum and not a one-off peak. In the second quarter of 2025, WSP reported net income attributable to shareholders of $279.4 million, or $2.14 per share, while adjusted net income was $306.6 million, or $2.35 per share. When a company can grow and still generate meaningful profits, it gives long-term investors more opportunity to win, even when the market becomes turbulent.
For 2026, the story looks simple: continued demand for infrastructure and energy work, plus a major integration cycle if TRC closes on time. WSP also has a clear timetable for new guidelines. Fourth quarter and full year 2025 results are expected to be released after market close on February 25, 2026. This could provide investors with updated backlogs and guidance, while generating income through dividends.
| COMPANY | RECENT PRICE | NUMBER OF SHARES | ANNUAL DIVIDEND | ANNUAL TOTAL PAYOUT | FREQUENCY | TOTAL INVESTMENT |
|---|---|---|---|---|---|---|
| WSP | $264.27 | 26 | $1.50 | $39.00 | Quarterly | $6,871.02 |
In short
This stock could be a buy for investors looking to gain exposure to long-cycle growth themes without having to rely on US mega-cap technology to do all the heavy lifting. The upside comes from demand for sustainable infrastructure, increasing investments in electricity and networks, and the opportunity for TRC to meaningfully increase scale in a fast-growing segment.
The risks are also real. Major acquisitions can pose integration problems, debts can rise and the timing of projects can shift as governments and companies halt spending. If you can endure normal drawdowns and you want a Canadian compounder that looks built for 2026, then WSP deserves a spot on the shortlist.
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