North American Construction (NOA) FCF Margin (2009 - 2026)

North American Construction (NOA) reported FCF Margin of 15.25% for Q1 2026, down 1206.0% on a YoY basis from 1.38% in Q1 2025, and up 37.54% quarter-over-quarter from 11.09% in Q4 2025.

North American Construction (NOA) FCF Margin (2009 - 2026) Analysis & Trends

North American Construction has reported FCF Margin for 18 years, with the latest figure at 15.25% in Q1 2026.

  • For the quarter ending Q1 2026, FCF Margin fell 1206.0% year-over-year to 15.25%; the trailing twelve-month figure through Mar 2026 stood at 17.13% (up 3786.0% YoY), and the FY2025 full-year result was 42.45%, up 4781.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 15.25%, up from 11.09% in the prior quarter.
  • The five-year high for FCF Margin was 47.34% in Q2 2023, with the low at 118.89% in Q4 2024.
  • Historically, FCF Margin has averaged 16.01% across 5 years, with a median of 21.55% in 2024.
  • Annual changes were most pronounced in 2024 — FCF Margin tumbled 13883 bps — and 2025, when it surged 12998 bps.
  • North American Construction's FCF Margin stood at 8.81% in 2022, then jumped by 126 bps to 19.94% in 2023, then slumped by 696 bps to 118.89% in 2024, then soared by 109 bps to 11.09% in 2025, then surged by 38 bps to 15.25% in 2026.
  • The last three FCF Margin figures came in at 15.25% (Q1 2026), 11.09% (Q4 2025), and 20.84% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn 1.65%
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn 2.49%
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn 1.50%
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn 11.11%
5 Enerflex 8.62 Bn 8.57 Bn - -
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn -4.43%
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn 7.12%
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn 19.36%
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn 16.10%
10 North American Construction 267.97 Mn 196.17 Mn 31.22 Mn 15.25%

Historic Data

Download Data
DateValue
Mar 31, 2026 15.25%
Dec 31, 2025 11.09%
Sep 30, 2025 20.84%
Jun 30, 2025 23.29%
Mar 31, 2025 27.31%
Dec 31, 2024 -118.89%
Sep 30, 2024 21.55%
Jun 30, 2024 27.25%
Mar 31, 2024 22.44%
Dec 31, 2023 19.94%
Sep 30, 2023 45.50%
Jun 30, 2023 47.34%
Mar 31, 2023 14.94%
Dec 31, 2022 8.81%
Sep 30, 2022 37.72%
Jun 30, 2022 16.14%
Mar 31, 2022 31.63%
Dec 31, 2021 11.37%
Sep 30, 2021 17.21%
Jun 30, 2021 18.26%