diff --git a/conda_build/variants.py b/conda_build/variants.py
index d798a6e79a..2ece5f4bd6 100644
--- a/conda_build/variants.py
+++ b/conda_build/variants.py
@@ -727,15 +727,17 @@ def find_used_variables_in_text(variant, recipe_text, selectors_only=False):
     recipe_lines = recipe_text.splitlines()
     for v in variant:
         all_res = []
-        compiler_match = re.match(r"(.*?)_compiler(_version)?$", v)
-        if compiler_match and not selectors_only:
-            compiler_lang = compiler_match.group(1)
-            compiler_regex = r"\{\s*compiler\([\'\"]%s[\"\'][^\{]*?\}" % re.escape(
-                compiler_lang
+        target_match = re.match(r"(.*?)_(compiler|stdlib)(_version)?$", v)
+        if target_match and not selectors_only:
+            target_lang = target_match.group(1)
+            target_kind = target_match.group(2)
+            target_lang_regex = re.escape(target_lang)
+            target_regex = (
+                rf"\{{\s*{target_kind}\([\'\"]{target_lang_regex}[\"\'][^\{{]*?\}}"
             )
-            all_res.append(compiler_regex)
+            all_res.append(target_regex)
             variant_lines = [
-                line for line in recipe_lines if v in line or compiler_lang in line
+                line for line in recipe_lines if v in line or target_lang in line
             ]
         else:
             variant_lines = [
@@ -760,7 +762,7 @@ def find_used_variables_in_text(variant, recipe_text, selectors_only=False):
         all_res = r"|".join(all_res)
         if any(re.search(all_res, line) for line in variant_lines):
             used_variables.add(v)
-            if v in ("c_compiler", "cxx_compiler"):
+            if v in ("c_stdlib", "c_compiler", "cxx_compiler"):
                 if "CONDA_BUILD_SYSROOT" in variant:
                     used_variables.add("CONDA_BUILD_SYSROOT")
     return used_variables
diff --git a/news/5195-fix-stdlib-variant b/news/5195-fix-stdlib-variant
new file mode 100644
index 0000000000..526692f286
--- /dev/null
+++ b/news/5195-fix-stdlib-variant
@@ -0,0 +1,19 @@
+### Enhancements
+
+* <news item>
+
+### Bug fixes
+
+* Fix stdlib being recognized in variant hash inputs. (#5190 via #5195)
+
+### Deprecations
+
+* <news item>
+
+### Docs
+
+* <news item>
+
+### Other
+
+* <news item>
diff --git a/tests/test_metadata.py b/tests/test_metadata.py
index 496af2d67b..b176d4103d 100644
--- a/tests/test_metadata.py
+++ b/tests/test_metadata.py
@@ -233,16 +233,16 @@ def test_compiler_metadata_cross_compiler():
 
 
 @pytest.mark.parametrize(
-    "platform,arch,stdlibs",
+    "platform,arch,stdlib,stdlib_version",
     [
-        ("linux", "64", {"sysroot_linux-64 2.12.*"}),
-        ("linux", "aarch64", {"sysroot_linux-aarch64 2.17.*"}),
-        ("osx", "64", {"macosx_deployment_target_osx-64 10.13.*"}),
-        ("osx", "arm64", {"macosx_deployment_target_osx-arm64 11.0.*"}),
+        ("linux", "64", "sysroot", "2.12"),
+        ("linux", "aarch64", "sysroot", "2.17"),
+        ("osx", "64", "macosx_deployment_target", "10.13"),
+        ("osx", "arm64", "macosx_deployment_target", "11.0"),
     ],
 )
 def test_native_stdlib_metadata(
-    platform: str, arch: str, stdlibs: set[str], testing_config
+    platform: str, arch: str, stdlib: str, stdlib_version: str, testing_config
 ):
     testing_config.platform = platform
     metadata = api.render(
@@ -256,7 +256,12 @@ def test_native_stdlib_metadata(
         bypass_env_check=True,
         python="3.11",  # irrelevant
     )[0][0]
-    assert stdlibs <= set(metadata.meta["requirements"]["host"])
+    stdlib_req = f"{stdlib}_{platform}-{arch} {stdlib_version}.*"
+    assert stdlib_req in metadata.meta["requirements"]["host"]
+    assert {"c_stdlib", "c_stdlib_version"} <= metadata.get_used_vars()
+    hash_contents = metadata.get_hash_contents()
+    assert stdlib == hash_contents["c_stdlib"]
+    assert stdlib_version == hash_contents["c_stdlib_version"]
 
 
 def test_hash_build_id(testing_metadata):