North American Construction (NOA) EV to FCF (2009 - 2026)
North American Construction's (NOA) quarterly EV to FCF came in at 3.89 in Q2 2026, down 45.59% on a YoY basis from 7.16 in Q2 2025, and down 53.95% quarter-over-quarter from 8.46 in Q1 2026.
Analysis
North American Construction (NOA) EV to FCF (2009 - 2026) Analysis & Trends
North American Construction (NOA) has reported EV to FCF for 18 consecutive years, with 3.89 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to FCF fell 45.59% year-over-year to 3.89; the trailing twelve-month figure through Jun 2026 stood at 1.42 (down 13.31% YoY), and the FY2025 full-year result was 0.87, down 35.83% from the prior year.
- EV to FCF slipped to 3.89 in Q2 2026 per NOA's latest filing, from 8.46 in the prior quarter.
- Across five years, EV to FCF topped out at 20.94 in Q1 2022 and bottomed at 3.89 in Q2 2026.
- Historically, EV to FCF has averaged 9.4 across 5 years, with a median of 8.19 in 2023.
- The sharpest annual moves came in 2022 and 2023: EV to FCF plunged 68.4% in 2022, then surged 100.76% in 2023.
- Over 5 years, EV to FCF stood at 15.62 in 2022, then plunged by 49.32% to 7.92 in 2023, then declined by 4.16% to 7.59 in 2024, then surged by 32.87% to 10.08 in 2025, then slumped by 61.36% to 3.89 in 2026.
- According to Business Quant data, EV to FCF over the past three periods registered 3.89, 8.46, and 10.08 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 | 3.89 |
| Mar 31, 2026 | 8.46 |
| Dec 31, 2025 | 10.08 |
| Sep 30, 2025 | 6.65 |
| Jun 30, 2025 | 7.16 |
| Mar 31, 2025 | 5.90 |
| Dec 31, 2024 | 7.59 |
| Sep 30, 2024 | 10.23 |
| Jun 30, 2024 | 8.84 |
| Mar 31, 2024 | 11.33 |
| Dec 31, 2023 | 7.92 |
| Sep 30, 2023 | 9.78 |
| Jun 30, 2023 | 7.50 |
| Mar 31, 2023 | 16.79 |
| Dec 31, 2022 | 15.62 |
| Sep 30, 2022 | 4.87 |
| Jun 30, 2022 | 5.68 |
| Mar 31, 2022 | 20.94 |
| Dec 31, 2021 | 21.39 |
| Sep 30, 2021 | 8.10 |