AtkinsRéalis Reports Strong 2025 Growth, Raises Nuclear Revenue Targets
Event summary
- AtkinsRéalis reported $11.0 billion in total revenue for 2025, up 14% from 2024.
- Nuclear revenue surged 54.6% to $2.3 billion, leading to a record-high backlog of $21.2 billion.
- Adjusted diluted EPS from PS&PM increased 88% to $3.36 for the year.
- The company raised its Nuclear revenue target to $2.6–3.0 billion by 2027, up from $2.2–2.5 billion.
- AtkinsRéalis completed three acquisitions in 2025, including David Evans, C2AE, and ADG.
The big picture
AtkinsRéalis' strong 2025 performance reflects the resurgent demand for nuclear capabilities and engineering services. The company's strategic realignment, including acquisitions and a focus on high-growth segments, positions it to capitalize on infrastructure and energy transitions. However, sustaining margins and integrating acquisitions will be key challenges in 2026.
What we're watching
- Nuclear Growth
- Whether AtkinsRéalis can sustain its nuclear revenue growth amid global demand and regulatory shifts.
- Engineering Services
- How the company's engineering services will perform under revised growth targets of 5–7% CAGR through 2027.
- M&A Strategy
- The pace at which AtkinsRéalis integrates recent acquisitions and expands in key markets like the U.S. and Australia.
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