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

North American Construction (NOA) reported Gross Margin of 13.41% for Q1 2026, up 229.0% on a YoY basis from 4.08% in Q1 2025, and up 5.52% quarter-over-quarter from 12.71% in Q4 2025.

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

North American Construction has reported Gross Margin for 18 years, with the latest figure at 13.41% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin rose 229.0% year-over-year to 13.41%; the trailing twelve-month figure through Mar 2026 stood at 13.2% (down 268.0% YoY), and the FY2025 full-year result was 12.64%, down 538.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 13.41%, up from 12.71% in the prior quarter.
  • The five-year high for Gross Margin was 22.98% in Q3 2024, with the low at 7.4% in Q2 2022.
  • Historically, Gross Margin has averaged 14.63% across 5 years, with a median of 13.41% in 2026.
  • Annual changes were most pronounced in 2024 — Gross Margin jumped 951 bps — and 2025, when it tumbled 730 bps.
  • North American Construction's Gross Margin stood at 18.25% in 2022, then grew by 10 bps to 20.06% in 2023, then slumped by 34 bps to 13.16% in 2024, then decreased by 3 bps to 12.71% in 2025, then advanced by 6 bps to 13.41% in 2026.
  • The last three Gross Margin figures came in at 13.41% (Q1 2026), 12.71% (Q4 2025), and 15.67% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn 53.57%
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn 22.98%
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn 37.69%
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn 59.67%
5 Enerflex 8.62 Bn 8.57 Bn - -
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn 5.80%
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn 76.04%
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn 66.20%
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn 64.46%
10 North American Construction 267.97 Mn 196.17 Mn 31.22 Mn 13.41%

Historic Data

Download Data
DateValue
Mar 31, 2026 13.41%
Dec 31, 2025 12.71%
Sep 30, 2025 15.67%
Jun 30, 2025 11.17%
Mar 31, 2025 11.12%
Dec 31, 2024 13.16%
Sep 30, 2024 22.98%
Jun 30, 2024 18.23%
Mar 31, 2024 18.01%
Dec 31, 2023 20.06%
Sep 30, 2023 13.47%
Jun 30, 2023 11.06%
Mar 31, 2023 16.82%
Dec 31, 2022 18.25%
Sep 30, 2022 12.84%
Jun 30, 2022 7.40%
Mar 31, 2022 12.42%
Dec 31, 2021 12.74%
Sep 30, 2021 13.08%
Jun 30, 2021 10.37%