North American Construction (NOA) EBITDA Margin (2009 - 2026)
North American Construction's (NOA) quarterly EBITDA Margin came in at 19.95% in Q2 2026, down 416.0% on a YoY basis from 6.31% in Q2 2025, and down 53.31% quarter-over-quarter from 42.73% in Q1 2026.
Analysis
North American Construction (NOA) EBITDA Margin (2009 - 2026) Analysis & Trends
North American Construction (NOA) has reported EBITDA Margin for 18 consecutive years, with 19.95% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBITDA Margin fell 416.0% year-over-year to 19.95%; the trailing twelve-month figure through Jun 2026 stood at 30.53% (up 2.0% YoY), and the FY2025 full-year result was 38.72%, down 945.0% from the prior year.
- EBITDA Margin fell to 19.95% in Q2 2026 per NOA's latest filing, from 42.73% in the prior quarter.
- Across five years, EBITDA Margin topped out at 42.73% in Q1 2026 and bottomed at 19.95% in Q2 2026.
- Historically, EBITDA Margin has averaged 31.82% across 5 years, with a median of 31.2% in 2022.
- The sharpest annual moves came in 2022 and 2026: EBITDA Margin sank 1988 bps in 2022, then soared 1595 bps in 2026.
- Over 5 years, EBITDA Margin stood at 36.79% in 2022, then retreated by 16 bps to 30.81% in 2023, then increased by 16 bps to 35.63% in 2024, then slipped by 1 bps to 35.43% in 2025, then slumped by 44 bps to 19.95% in 2026.
- According to Business Quant data, EBITDA Margin over the past three periods registered 19.95%, 42.73%, and 35.43% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ferrovial | 39.87 Bn | 34.47 Bn | - | - |
| 2 | Emcor | 33.30 Bn | 32.37 Bn | 1.02 Bn | 10.62% |
| 3 | Jacobs Solutions | 16.54 Bn | 15.37 Bn | 810.70 Mn | 7.03% |
| 4 | Sterling Infrastructure | 14.87 Bn | 14.40 Bn | 289.96 Mn | 18.77% |
| 5 | Aecom | 8.09 Bn | 7.08 Bn | -34.04 Mn | -2.12% |
| 6 | Stantec | 7.99 Bn | 7.99 Bn | 1.36 Bn | 13.70% |
| 7 | Fluor | 7.45 Bn | 4.40 Bn | 179.00 Mn | 3.12% |
| 8 | Argan | 5.58 Bn | 5.03 Bn | 74.22 Mn | 14.79% |
| 9 | Installed Building Products | 5.37 Bn | 4.98 Bn | 258.90 Mn | 12.16% |
| 10 | North American Construction | 386.88 Mn | 265.66 Mn | 31.38 Mn | 19.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.95% |
| Mar 31, 2026 | 42.73% |
| Dec 31, 2025 | 35.43% |
| Sep 30, 2025 | 26.87% |
| Jun 30, 2025 | 24.11% |
| Mar 31, 2025 | 26.79% |
| Dec 31, 2024 | 35.63% |
| Sep 30, 2024 | 34.35% |
| Jun 30, 2024 | 29.87% |
| Mar 31, 2024 | 29.07% |
| Dec 31, 2023 | 30.81% |
| Sep 30, 2023 | 40.43% |
| Jun 30, 2023 | 35.67% |
| Mar 31, 2023 | 25.41% |
| Dec 31, 2022 | 36.79% |
| Sep 30, 2022 | 40.96% |
| Jun 30, 2022 | 31.60% |
| Mar 31, 2022 | 26.22% |
| Dec 31, 2021 | 39.20% |
| Sep 30, 2021 | 36.06% |