North American Construction (NOA) EV to EBITDA (2009 - 2026)
North American Construction's (NOA) quarterly EV to EBITDA came in at 4.53 in Q2 2026, down 34.44% on a YoY basis from 6.91 in Q2 2025, and up 50.19% quarter-over-quarter from 3.02 in Q1 2026.
Analysis
North American Construction (NOA) EV to EBITDA (2009 - 2026) Analysis & Trends
North American Construction (NOA) has reported EV to EBITDA for 18 consecutive years, with 4.53 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to EBITDA fell 34.44% year-over-year to 4.53; the trailing twelve-month figure through Jun 2026 stood at 0.88 (down 31.21% YoY), and the FY2025 full-year result was 0.96, down 27.51% from the prior year.
- EV to EBITDA grew to 4.53 in Q2 2026 per NOA's latest filing, from 3.02 in the prior quarter.
- Across five years, EV to EBITDA topped out at 11.42 in Q1 2022 and bottomed at 3.02 in Q1 2026.
- Historically, EV to EBITDA has averaged 6.75 across 5 years, with a median of 6.22 in 2024.
- The sharpest annual moves came in 2022 and 2023: EV to EBITDA sank 52.19% in 2022, then jumped 145.36% in 2023.
- Over 5 years, EV to EBITDA stood at 3.74 in 2022, then soared by 36.21% to 5.09 in 2023, then dropped by 2.1% to 4.99 in 2024, then retreated by 11.8% to 4.4 in 2025, then climbed by 3.06% to 4.53 in 2026.
- According to Business Quant data, EV to EBITDA over the past three periods registered 4.53, 3.02, and 4.4 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ferrovial | 39.87 Bn | 34.47 Bn | - |
| 2 | Emcor | 33.30 Bn | 32.37 Bn | 1.02 Bn |
| 3 | Jacobs Solutions | 16.54 Bn | 15.37 Bn | 810.70 Mn |
| 4 | Sterling Infrastructure | 14.87 Bn | 14.40 Bn | 289.96 Mn |
| 5 | Aecom | 8.09 Bn | 7.08 Bn | -34.04 Mn |
| 6 | Stantec | 7.99 Bn | 7.99 Bn | 1.36 Bn |
| 7 | Fluor | 7.45 Bn | 4.40 Bn | 179.00 Mn |
| 8 | Argan | 5.58 Bn | 5.03 Bn | 74.22 Mn |
| 9 | Installed Building Products | 5.37 Bn | 4.98 Bn | 258.90 Mn |
| 10 | North American Construction | 386.88 Mn | 265.66 Mn | 31.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.53 |
| Mar 31, 2026 | 3.02 |
| Dec 31, 2025 | 4.40 |
| Sep 30, 2025 | 5.16 |
| Jun 30, 2025 | 6.91 |
| Mar 31, 2025 | 6.02 |
| Dec 31, 2024 | 4.99 |
| Sep 30, 2024 | 6.42 |
| Jun 30, 2024 | 8.06 |
| Mar 31, 2024 | 8.75 |
| Dec 31, 2023 | 5.09 |
| Sep 30, 2023 | 11.00 |
| Jun 30, 2023 | 9.96 |
| Mar 31, 2023 | 9.87 |
| Dec 31, 2022 | 3.74 |
| Sep 30, 2022 | 4.48 |
| Jun 30, 2022 | 7.74 |
| Mar 31, 2022 | 11.42 |
| Dec 31, 2021 | 7.82 |
| Sep 30, 2021 | 9.35 |