North American Construction (NOA) FCF Margin (2009 - 2026)
North American Construction (NOA) posted FCF Margin of 23.22% for the quarter ended Jun 30, 2026, down 0.07 percentage points from 23.29% a year earlier but up 7.97 percentage points from the prior quarter.
North American Construction (NOA) FCF Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, FCF Margin at North American Construction was 17.45%, down 6.48 percentage points year-over-year; for the year ended Dec 31, 2025, it was 42.45%, down 4.30 percentage points from the prior year.
- Annual FCF Margin shows a five-year change of -10.44 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, North American Construction's FCF Margin was 46.75% in the year ended Dec 31, 2024 (-3.10 pp), 49.85% in the year ended Dec 31, 2023 (+13.37 pp), 36.48% in the year ended Dec 31, 2022 (-5.98 pp) and 42.46% in the year ended Dec 31, 2021 (-10.43 pp).
- Quarterly FCF Margin has run from a low of 8.81% in the quarter ended Dec 31, 2022 to a high of 37.72% in the quarter ended Sep 30, 2022 over five years.
- On a year-over-year basis, FCF Margin has declined in each of the last five quarters, with an average year-over-year change of -2.39 percentage points over the last eight quarters.
- The strongest year-over-year quarter for FCF Margin in the past five years was the quarter ended Sep 30, 2022, with a gain of 20.52 percentage points; the weakest was the quarter ended Sep 30, 2023, with a drop of 17.77 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was 15.25% (quarter ended Mar 31, 2026), 11.09% (quarter ended Dec 31, 2025) and 20.84% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 96.54 Bn | 94.73 Bn | 1.55 Bn | 9.05% |
| 2 | Ferrovial | 38.99 Bn | 19.58 Bn | - | - |
| 3 | Emcor | 33.36 Bn | 29.75 Bn | 1.02 Bn | 5.01% |
| 4 | Mastec | 17.15 Bn | 16.06 Bn | 556.28 Mn | -1.60% |
| 5 | Jacobs Solutions | 15.84 Bn | 10.49 Bn | 810.70 Mn | 10.57% |
| 6 | Sterling Infrastructure | 15.09 Bn | 13.45 Bn | 289.96 Mn | 9.62% |
| 7 | IES Holdings | 12.79 Bn | 11.66 Bn | 340.66 Mn | 5.13% |
| 8 | Dycom Industries | 8.06 Bn | 7.19 Bn | - | - |
| 9 | Stantec | 7.69 Bn | 7.69 Bn | - | 4.61% |
| 10 | North American Construction | 346.15 Mn | -9.05 Mn | 31.38 Mn | 23.22% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.22% |
| 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 | 23.42% |
| Sep 30, 2024 | 21.55% |
| Jun 30, 2024 | 27.25% |
| Mar 31, 2024 | 22.44% |
| Dec 31, 2023 | 19.82% |
| Sep 30, 2023 | 19.96% |
| Jun 30, 2023 | 19.68% |
| Mar 31, 2023 | 14.94% |
| Dec 31, 2022 | 8.81% |
| Sep 30, 2022 | 37.72% |
| Jun 30, 2022 | 16.14% |
| Mar 31, 2022 | 14.30% |
| Dec 31, 2021 | 11.37% |
| Sep 30, 2021 | 17.21% |
North American Construction FCF Margin 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=fcf-margin&ticker=NOA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=NOA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();