STN.TO vs. ULTA

Last updated Jun 9, 2026

STN.TO (Stantec Inc.) and ULTA (Ulta Beauty, Inc.) are both stocks. STN.TO operates in Engineering & Construction (Industrials), while ULTA operates in Specialty Retail (Consumer Cyclical). Over the past 10 years, STN.TO returned 13.46%/yr vs 7.77%/yr for ULTA. At a 0.19 correlation, their price movements are largely independent.

Performance

STN.TO vs. ULTA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Stantec Inc. (STN.TO) and Ulta Beauty, Inc. (ULTA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

STN.TO is traded in CAD, while ULTA is traded in USD. To make them comparable, the ULTA values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, STN.TO achieves a -20.63% return, which is significantly higher than ULTA's -22.11% return. Over the past 10 years, STN.TO has outperformed ULTA with an annualized return of 13.46%, while ULTA has yielded a comparatively lower 7.77% annualized return.

STN.TO

• 1D: -0.36%
• 1M: -14.21%
• YTD: -20.63%
• 6M: -22.25%
• 1Y: -29.01%
• 3Y*: 8.82%
• 5Y*: 14.98%
• 10Y*: 13.46%

ULTA

• 1D: -0.64%
• 1M: -9.43%
• YTD: -22.11%
• 6M: -20.84%
• 1Y: 1.41%
• 3Y*: 4.47%
• 5Y*: 9.88%
• 10Y*: 7.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

STN.TO vs. ULTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STN.TO Stantec Inc.	-20.63%	15.61%	6.81%	65.43%	-7.62%	74.09%	14.27%	24.95%	-13.44%	5.18%
ULTA Ulta Beauty, Inc.	-22.11%	32.75%	-3.72%	1.97%	20.97%	43.52%	10.75%	-0.87%	18.67%	-18.21%

Correlation

The correlation between STN.TO and ULTA is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Oct 25, 2007	0.19

Fundamentals

Market Cap STN.TO : CA$11.70B ULTA : $20.35B
EPS STN.TO : CA$4.30 ULTA : $26.57
PE Ratio STN.TO : 23.88 ULTA : 17.42
PEG Ratio STN.TO : 1.00 ULTA : 1.73
PS Ratio STN.TO : 1.48 ULTA : 1.63
PB Ratio STN.TO : 3.47 ULTA : 7.88
Total Revenue (TTM) STN.TO : CA$7.92B ULTA : $12.71B
Gross Profit (TTM) STN.TO : CA$3.40B ULTA : $5.00B
EBITDA (TTM) STN.TO : CA$1.13B ULTA : $1.81B

Return for Risk

STN.TO vs. ULTA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STN.TO

STN.TO Risk / Return Rank: 6
STN.TO Sharpe Ratio Rank: 4
STN.TO Sortino Ratio Rank: 7
STN.TO Omega Ratio Rank: 7
STN.TO Calmar Ratio Rank: 12
STN.TO Martin Ratio Rank: 2

ULTA

ULTA Risk / Return Rank: 39
ULTA Sharpe Ratio Rank: 41
ULTA Sortino Ratio Rank: 36
ULTA Omega Ratio Rank: 36
ULTA Calmar Ratio Rank: 42
ULTA Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STN.TO vs. ULTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stantec Inc. (STN.TO) and Ulta Beauty, Inc. (ULTA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	STN.TO	ULTA	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	0.04	-1.10
Sortino ratio: Return per unit of downside risk	-1.38	0.30	-1.68
Omega ratio: Gain probability vs. loss probability	0.82	1.04	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.79	0.04	-0.83
Martin ratio: Return relative to average drawdown	-1.77	0.11	-1.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STN.TO vs. ULTA - Sharpe Ratio Comparison

The current STN.TO Sharpe Ratio is -1.05, which is lower than the ULTA Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of STN.TO and ULTA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	STN.TO	ULTA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.05	0.04	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.29	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.20	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.40	+0.06

Drawdowns

STN.TO vs. ULTA - Drawdown Comparison

The maximum STN.TO drawdown since its inception was -58.12%, smaller than the maximum ULTA drawdown of -83.51%. Use the drawdown chart below to compare losses from any high point for STN.TO and ULTA.

Drawdown Indicators

	STN.TO	ULTA	Difference
Max Drawdown Largest peak-to-trough decline	-58.12%	-83.51%	+25.39%
Max Drawdown (1Y) Largest decline over 1 year	-36.84%	-33.33%	-3.51%
Max Drawdown (3Y) Largest decline over 3 years	-36.84%	-42.47%	+5.63%
Max Drawdown (5Y) Largest decline over 5 years	-36.84%	-42.47%	+5.63%
Max Drawdown (10Y) Largest decline over 10 years	-36.84%	-62.07%	+25.23%
Current Drawdown Current decline from peak	-35.14%	-33.04%	-2.10%
Average Drawdown Average peak-to-trough decline	-13.03%	-19.93%	+6.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.42%	13.19%	+3.23%

Volatility

STN.TO vs. ULTA - Volatility Comparison

Stantec Inc. (STN.TO) has a higher volatility of 13.38% compared to Ulta Beauty, Inc. (ULTA) at 9.15%. This indicates that STN.TO's price experiences larger fluctuations and is considered to be riskier than ULTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STN.TO	ULTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.38%	9.15%	+4.23%
Volatility (6M) Calculated over the trailing 6-month period	23.66%	28.20%	-4.54%
Volatility (1Y) Calculated over the trailing 1-year period	27.65%	34.08%	-6.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.76%	34.76%	-11.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.86%	38.89%	-15.03%

Dividends

STN.TO vs. ULTA - Dividend Comparison

STN.TO's dividend yield for the trailing twelve months is around 0.90%, while ULTA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
STN.TO Stantec Inc.	0.90%	0.69%	0.74%	0.73%	1.11%	0.93%	1.50%	1.58%	1.84%	1.42%	1.33%	1.22%
ULTA Ulta Beauty, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

STN.TO vs. ULTA - Profitability Comparison

The chart below illustrates the profitability comparison between Stantec Inc. and Ulta Beauty, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

STN.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Stantec Inc. reported a gross profit of 819.30M and revenue of 2.07B. Therefore, the gross margin over that period was 39.6%.

ULTA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported a gross profit of 1.27B and revenue of 3.16B. Therefore, the gross margin over that period was 40.1%.

STN.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Stantec Inc. reported an operating income of 174.60M and revenue of 2.07B, resulting in an operating margin of 8.4%.

ULTA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported an operating income of 448.26M and revenue of 3.16B, resulting in an operating margin of 14.2%.

STN.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Stantec Inc. reported a net income of 110.80M and revenue of 2.07B, resulting in a net margin of 5.4%.

ULTA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported a net income of 340.47M and revenue of 3.16B, resulting in a net margin of 10.8%.

Frequently Asked Questions

Can I hold both STN.TO and ULTA in my portfolio?

STN.TO and ULTA have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.