North American Construction (NOA) Gross Margin (2009 - 2026)
North American Construction (NOA) posted Gross Margin of 13.41% for Q1 2026, up 5.52% on a QoQ basis from 12.71% in Q4 2025, and up 229.0% year-over-year from 4.08% in Q1 2025.
North American Construction (NOA) Gross Margin (2009 - 2026) Analysis & Trends
North American Construction's Gross Margin history runs 18 years deep, the most recent figure standing at 13.41% for Q1 2026.
- Quarterly Gross Margin rose 229.0% year-over-year to 13.41% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 13.2% (down 268.0% YoY) and the FY2025 annual result came in at 12.64%, down 538.0% from the prior year.
- Gross Margin was 13.41% for Q1 2026 at North American Construction, up from 12.71% in the prior quarter.
- Across five years, Gross Margin topped out at 22.98% in Q3 2024 and bottomed at 7.4% in Q2 2022.
- A 5-year average of 14.63% and a median of 13.41% in 2026 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin jumped 951 bps — and 2025, when it slumped 730 bps.
- North American Construction's Gross Margin stood at 18.25% in 2022, then advanced by 10 bps to 19.99% in 2023, then tumbled by 34 bps to 13.16% in 2024, then dropped by 3 bps to 12.71% in 2025, then grew by 6 bps to 13.41% in 2026.
- Business Quant data shows NOA's Gross Margin at 13.41% in Q1 2026, 12.71% in Q4 2025, and 15.67% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 61.69% |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | 33.87% |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 65.69% |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 37.69% |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 18.47% |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 70.23% |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 66.20% |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 18.38% |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 64.46% |
| 10 | North American Construction | 399.49 Mn | 520.61 Mn | 31.22 Mn | 13.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 19.99% |
| 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% |