Stagwell Inc. (STGW)

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months

$3.0B

Revenue growth

6.4%

Net income, last twelve months

$16.2M

Earnings per share

$0.06

Gross margin

35.8%

Operating margin

4.6%

Net margin

0.5%

Free cash flow

$246.2M

Return on equity

2.4%

Market value

$2.2B

Price to earnings

147.4x

Cash

$109.5M

Debt

$1.5B

Debt to equity

2.17

Shares outstanding

244.5M

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

By quarter

What the company said with its results

From the third quarter of fiscal 2026 results, filed 29 October 2026.

• Revenue and adjusted EBITDA both rose. Third-quarter revenue was $816 million, up 10% (11% organic). Adjusted EBITDA was $145 million, up 25% on the prior-year quarter.
• Net revenue up 8%, organic 7%. Third-quarter net revenue was $664 million, up 8% (7% organic). Year-to-date net revenue was $1,880 million, up 6% (5% organic).
• Adjusted EPS rose 42%. Third-quarter adjusted diluted EPS was $0.34 against $0.24. Year-to-date adjusted EPS was $0.77 against $0.54.
• Year-to-date revenue up 10%. Year-to-date revenue was $2,306 million, up 10%, with organic growth of 9%.
• Digital Transformation grew 23% organically. Digital Transformation net revenue was $119 million, up 23% organically. Two-year organic stack was 30% and two-year total stack 38%.
• Marketing Services fell organically. Marketing Services net revenue was $218 million, down 7.5% organically and 9.3% in total.
• Media & Commerce down organically. Media & Commerce net revenue was $159 million, down 2.1% organically and 2.3% in total.
• Enterprise technology bookings above target. Enterprise technology products contracted to date reached $59 million, more than double the initial FY26 target.
• Management credits software and transformation. Management said software products, including the agentic Stagwell Machines, and the Digital Transformation segment are driving the business as it shifts from marketing services.
• Marketing Cloud up 108% organically. The Marketing Cloud net revenue was $56 million, an organic increase of 108% versus the prior-year quarter.
• Adjusted EBITDA margin at 22%. Adjusted EBITDA margin was 22% on net revenue for the quarter and 18% year to date.
• Office and general expenses rose. Office and general expenses were $206.9 million against $166.4 million. Cost of services was $511.7 million against $470.9 million.
• Operating income declined year over year. Operating income was $48.1 million against $60.9 million. Year-to-date operating income was $69.2 million against $102.4 million.
• Stock-based compensation more than doubled. Stock-based compensation was $28.9 million in the quarter against $12.6 million in the prior-year quarter.

Revenue by segment

As the company reports it in the segment note of its annual report.

By business, FY2025

By product, FY2024

By region, FY2025

Company events

The newest 8-K filings of 303 held.

Every filing

The newest filings with the SEC of 699 held.

Insider trades

Form 4 trades by officers, directors and 10% owners, last 12 months.

Planned insider sales

Form 144 notices, filed when the sell order goes to the broker.

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

Funds that hold it

From each fund's latest Form 13F.

205 funds held it at 30 Jun 2026: 82 added and 57 trimmed in the quarter. The largest:

Peers

Companies in the same industry.

• Omnicom Group Inc. (OMC): revenue $24.8B, market value $21.2B

What the company does

Stagwell Inc. is a marketing and communications group that describes itself as the global challenger network transforming marketing through artificial intelligence. Its specialists work in over 34 countries for more than 4,500 clients as of 31 December 2025. The company owns a portfolio of marketing services and communications firms, which it calls Brands, and reports them in five segments. At 31 December 2025 it employed approximately 10,951 full-time employees and approximately 1,678 contractors and part-time employees.

How the business is organised

Stagwell holds a 100% ownership position in substantially all of its Brands. The remainder are majority owned, with Brand management holding the rest of the equity. Brands are grouped into segments based on the source of most of their revenue. The five reportable segments are Marketing Services, Digital Transformation, Media & Commerce, Communications and The Marketing Cloud.

A corporate team supports the Brands through three layers. Client Services covers go-to-market support, including a Global Solutions team that acts as a single point of contact for key clients. Shared Services runs back-office functions such as IT, accounting, payroll and human resources through a platform called Stagwell CORE.

What it sells

- Marketing Services: creative, research, experiential and social media work. Brands include 72 and Sunny, Anomaly, NRG, Harris Insights, TEAM and Movers & Shakers. - Digital Transformation: strategy, design, website and platform development, marketing technology implementation, and managed services and engineering. Brands include Code and Theory, Instrument, TrueLogic and Left Field Labs. - Media & Commerce: media buying, owned media platforms, commerce enablement and customer relationship management. Brands include Reach TV, Assembly Global and Gale. - Communications: strategic communications, public relations and advocacy services, including political campaign management, grassroots mobilization and fundraising. Brands include Allison, Consulum, SKDK and Targeted Victory. - The Marketing Cloud: software as a service and data as a service tools for in-house marketers, covering research, communications technology and media. Brands include QUEST, Unicepta and Smart Assets.

Who it sells to

Stagwell serves more than 4,500 clients across many sectors. The filing names Google, Amazon, Diageo, Nike, Apple, P&G, United Airlines and Salesforce among them. Many large clients are served by several Brands, though representing a client rarely means handling all of its brands in every location.

The primary source of revenue is agency arrangements, in the form of fees for services performed, commissions, and performance incentives or bonuses. Brands have written contracts with many clients, and these generally allow either party to end them on relatively short notice.

The company says the fourth quarter is typically its highest for revenue because of back-to-school and holiday retail marketing. Client concentration in Communications rises in election years because of its advocacy Brands.

Where it operates

Stagwell has operations in more than 34 countries. It was historically focused on North America, where it was founded, and the United Kingdom. A Global Affiliate Network of more than 70 independent partners adds coverage in more than 20 additional countries without extra investment capital. The 2025 acquisition of ADK added an integrated marketing company with 10 markets, predominantly in Asia Pacific.

The company is building engineering capacity outside the United States, nearshore in Latin America and offshore in Egypt, India and Southeast Asia. Its engineering talent sits mainly in the Digital Transformation Brands.

How it competes

Stagwell competes with the operating subsidiaries of Omnicom Group, WPP plc, Publicis Groupe SA, Dentsu and Havas SA, and with independent agencies. It also faces consultancies such as Accenture and Deloitte, tech platforms and media companies. Products in The Marketing Cloud compete with offerings inside larger holding companies and with those of technology startups and firms such as Infosys, Wipro and Cognizant.

The company goes to market four ways: as individual Brands, as service lines, as Stagwell Global multi-region teams, and as The Marketing Cloud. It keeps Brand identities separate and pays incentives for Brands to collaborate. The company says it believes its digital-first composition gives it an advantage over legacy holding companies.

On technology, it has partnered with Palantir on an AI marketing platform and works with Adobe on AI solutions. It also builds The Machine, which it describes as its agentic operating system.

Its people

- - - - - - Corporate: 684

The majority of employees have at-will employment arrangements, which the company says lets it respond quickly to changing conditions. Learning programs include Next Dimension, which develops global client leaders, and an on-demand platform for training on AI tools. The company holds quarterly global town halls.

*From Stagwell's annual report on Form 10-K for the year ended 31 December 2025. [The filing](https://www.sec.gov/Archives/edgar/data/876883/000087688326000010/stgw-20251231.htm)*

From the company's 10-K.