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
DateValue
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