North American Construction (NOA) Free Cash Flow (2009 - 2026)
North American Construction's Free Cash Flow was $67.3 million in the quarter ended Jun 30, 2026, up 24.9% from $53.88 million a year earlier and up 89.6% from the prior quarter.
North American Construction (NOA) Free Cash Flow (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, North American Construction's Free Cash Flow was $184.72 million through Jun 30, 2026, down 21.6% year-over-year; for the year ended Dec 31, 2025, it came in at $390.2 million, down 2.0% from the prior year.
- Free Cash Flow shows a five-year compound annual growth rate of 14.7% (years ended Dec 2020 to Dec 2025).
- In earlier years, Free Cash Flow was $398.05 million in the year ended Dec 31, 2024 (+11.7%), $356.43 million in the year ended Dec 31, 2023 (+65.1%), $215.9 million in the year ended Dec 31, 2022 (-2.0%) and $220.34 million in the year ended Dec 31, 2021 (+12.0%).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Free Cash Flow since the quarter ended Dec 31, 2024.
- Compared with a year earlier, Free Cash Flow was higher in five of the last eight quarters, with growth averaging 3.3%.
- The best year-over-year quarter for Free Cash Flow over five years was the quarter ended Dec 31, 2023 (growth of 216.5%); the worst was the quarter ended Dec 31, 2025 (a decline of 52.7%).
- Per Business Quant data, NOA's Free Cash Flow in the three quarters before the quarter ended Jun 30, 2026 was $35.49 million (quarter ended Mar 31, 2026), $33.88 million (quarter ended Dec 31, 2025) and $48.04 million (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 96.54 Bn | 94.73 Bn | 1.55 Bn | 864.49 Mn |
| 2 | Ferrovial | 38.99 Bn | 19.58 Bn | - | - |
| 3 | Emcor | 33.36 Bn | 29.75 Bn | 1.02 Bn | 258.21 Mn |
| 4 | Mastec | 17.15 Bn | 16.06 Bn | 556.28 Mn | -70.04 Mn |
| 5 | Jacobs Solutions | 15.84 Bn | 10.49 Bn | 810.70 Mn | 430.99 Mn |
| 6 | Sterling Infrastructure | 15.09 Bn | 13.45 Bn | 289.96 Mn | 112.44 Mn |
| 7 | IES Holdings | 12.79 Bn | 11.66 Bn | 340.66 Mn | 63.80 Mn |
| 8 | Dycom Industries | 8.06 Bn | 7.19 Bn | - | - |
| 9 | Stantec | 7.69 Bn | 7.69 Bn | - | 115.74 Mn |
| 10 | North American Construction | 346.15 Mn | -9.05 Mn | 31.38 Mn | 67.30 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 67.30 Mn |
| Mar 31, 2026 | 35.49 Mn |
| Dec 31, 2025 | 33.88 Mn |
| Sep 30, 2025 | 48.04 Mn |
| Jun 30, 2025 | 53.88 Mn |
| Mar 31, 2025 | 64.86 Mn |
| Dec 31, 2024 | 71.57 Mn |
| Sep 30, 2024 | 45.31 Mn |
| Jun 30, 2024 | 55.06 Mn |
| Mar 31, 2024 | 49.46 Mn |
| Dec 31, 2023 | 65.08 Mn |
| Sep 30, 2023 | 29.31 Mn |
| Jun 30, 2023 | 28.60 Mn |
| Mar 31, 2023 | 27.00 Mn |
| Dec 31, 2022 | 20.56 Mn |
| Sep 30, 2022 | 55.36 Mn |
| Jun 30, 2022 | 21.27 Mn |
| Mar 31, 2022 | 19.95 Mn |
| Dec 31, 2021 | 20.58 Mn |
| Sep 30, 2021 | 22.69 Mn |
North American Construction Free Cash Flow 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=free-cash-flow&ticker=NOA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=NOA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();