Stantec (STN) Operating Expenses (2011 - 2025)
Stantec (STN) recorded quarterly Operating Expenses of $658.4 million in Q4 2025, down 26.74% quarter-over-quarter from $898.7 million in Q2 2025, and up 6.37% on a YoY basis from $619.0 million in Q4 2024.
Stantec (STN) Operating Expenses (2011 - 2025) Analysis & Trends
Stantec's Operating Expenses history runs 11 years deep, the most recent figure standing at $658.4 million for Q4 2025.
- In Q4 2025, Operating Expenses rose 6.37% year-over-year to $658.4 million; the TTM figure through Mar 2026 stood at $1.6 billion (down 33.4% YoY), while the FY2025 annual figure was $1.8 billion, up 7.13% from the prior year.
- Operating Expenses was $658.4 million for Q4 2025 at Stantec, down from $898.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.5 billion in Q3 2023 to a low of $409.0 million in Q4 2021.
- Historically, Operating Expenses has averaged $755.3 million across 5 years, with a median of $619.0 million in 2024.
- The sharpest annual moves came in 2021 and 2024: Operating Expenses increased 22.98% in 2021, then declined 15.92% in 2024.
- A 5-year view of Operating Expenses shows it stood at $409.0 million in 2021, then rose by 12.53% to $460.2 million in 2022, then advanced by 11.12% to $511.4 million in 2023, then advanced by 21.04% to $619.0 million in 2024, then grew by 6.37% to $658.4 million in 2025.
- The last three Operating Expenses figures came in at $658.4 million (Q4 2025), $898.7 million (Q2 2025), and $438.8 million (Q1 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 620.73 Mn |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 269.00 Mn |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 460.11 Mn |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 297.49 Mn |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 49.26 Mn |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 517.00 Mn |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | 876.07 Mn |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 142.57 Mn |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | Stantec | 71.69 Mn | 71.69 Mn | 914.10 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 658.40 Mn |
| Jun 30, 2025 | 898.68 Mn |
| Mar 31, 2025 | 438.78 Mn |
| Dec 31, 2024 | 618.98 Mn |
| Sep 30, 2024 | 1.28 Bn |
| Dec 31, 2023 | 511.37 Mn |
| Sep 30, 2023 | 1.52 Bn |
| Dec 31, 2022 | 460.20 Mn |
| Dec 31, 2021 | 408.95 Mn |
| Dec 31, 2020 | 332.54 Mn |
| Jun 30, 2020 | 740.70 Mn |
| Mar 31, 2020 | 284.78 Mn |
| Dec 31, 2019 | 759.95 Mn |
| Sep 30, 2018 | 31.52 Mn |
| Jun 30, 2018 | 764.70 Mn |
| Dec 31, 2013 | -338.18 Mn |
| Sep 30, 2013 | 551.04 Mn |
| Jun 30, 2013 | 369.75 Mn |
| Mar 31, 2013 | 181.39 Mn |
| Dec 31, 2012 | -319.42 Mn |