North American Construction (NOA) Cost of Revenue (2009 - 2026)
North American Construction's Cost of Revenue came in at $215.5 million for the quarter ended Jun 30, 2026, up 29.7% from $166.21 million a year earlier and up 34.1% from the prior quarter.
North American Construction (NOA) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, North American Construction reported Cost of Revenue of $748.87 million, up 10.1% year-over-year; for the year ended Dec 31, 2025, it came in at $647.57 million, up 15.0% from the prior year.
- Cost of Revenue has increased in each of the last five years, with a five-year compound annual growth rate of 16.4% (years ended Dec 2020 to Dec 2025).
- Going back by year, Cost of Revenue was $562.99 million in the year ended Dec 31, 2024 (+11.9%), $502.9 million in the year ended Dec 31, 2023 (+19.2%), $422.06 million in the year ended Dec 31, 2022 (+16.7%) and $361.53 million in the year ended Dec 31, 2021 (+19.2%).
- The figure for the quarter ended Jun 30, 2026 represents the highest quarterly Cost of Revenue since the quarter ended Dec 31, 2023.
- Year-over-year, Cost of Revenue increased in five of the last eight quarters, with growth averaging 13.4%.
- The fastest year-over-year change in Cost of Revenue over five years came in the quarter ended Sep 30, 2021 (growth of 65.0%), and the weakest in the quarter ended Mar 31, 2022 (a decline of 9.3%).
- Business Quant data shows NOA's Cost of Revenue at $160.71 million (quarter ended Mar 31, 2026), $214.22 million (quarter ended Dec 31, 2025) and $158.43 million (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 101.70 Bn | 99.89 Bn | 1.55 Bn | 8.01 Bn |
| 2 | Ferrovial | 38.65 Bn | 19.25 Bn | - | - |
| 3 | Emcor | 34.80 Bn | 31.19 Bn | 1.02 Bn | 4.13 Bn |
| 4 | Mastec | 17.34 Bn | 16.24 Bn | 556.28 Mn | 3.82 Bn |
| 5 | Sterling Infrastructure | 16.37 Bn | 14.73 Bn | 289.96 Mn | 878.22 Mn |
| 6 | Jacobs Solutions | 16.17 Bn | 10.82 Bn | 810.70 Mn | 3.27 Bn |
| 7 | IES Holdings | 13.52 Bn | 12.39 Bn | 340.66 Mn | 902.04 Mn |
| 8 | Dycom Industries | 8.20 Bn | 7.33 Bn | - | - |
| 9 | Stantec | 7.70 Bn | 7.70 Bn | - | - |
| 10 | North American Construction | 351.33 Mn | -3.86 Mn | 31.38 Mn | 215.50 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 215.50 Mn |
| Mar 31, 2026 | 160.71 Mn |
| Dec 31, 2025 | 214.22 Mn |
| Sep 30, 2025 | 158.43 Mn |
| Jun 30, 2025 | 166.21 Mn |
| Mar 31, 2025 | 168.81 Mn |
| Dec 31, 2024 | 215.29 Mn |
| Sep 30, 2024 | 129.78 Mn |
| Jun 30, 2024 | 133.66 Mn |
| Mar 31, 2024 | 145.21 Mn |
| Dec 31, 2023 | 220.67 Mn |
| Sep 30, 2023 | 105.75 Mn |
| Jun 30, 2023 | 111.10 Mn |
| Mar 31, 2023 | 123.41 Mn |
| Dec 31, 2022 | 154.97 Mn |
| Sep 30, 2022 | 107.68 Mn |
| Jun 30, 2022 | 101.37 Mn |
| Mar 31, 2022 | 97.95 Mn |
| Dec 31, 2021 | 128.89 Mn |
| Sep 30, 2021 | 97.57 Mn |
North American Construction Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NOA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NOA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NOA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();