North American Construction (NOA) Gross Margin (2009 - 2026)
North American Construction's (NOA) quarterly Gross Margin came in at 10.83% in Q2 2026, down 35.0% on a YoY basis from 16.66% in Q2 2025, and down 19.28% quarter-over-quarter from 13.41% in Q1 2026.
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North American Construction (NOA) Gross Margin (2009 - 2026) Analysis & Trends
North American Construction (NOA) has reported Gross Margin for 18 consecutive years, with 10.83% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 35.0% year-over-year to 10.83%; the trailing twelve-month figure through Jun 2026 stood at 13.02% (down 146.0% YoY), and the FY2025 full-year result was 12.64%, down 538.0% from the prior year.
- Gross Margin fell to 10.83% in Q2 2026 per NOA's latest filing, from 13.41% 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.
- Historically, Gross Margin has averaged 14.45% across 5 years, with a median of 13.44% in 2023.
- The sharpest annual moves came in 2024 and 2025: Gross Margin surged 951 bps in 2024, then plunged 730 bps in 2025.
- Over 5 years, Gross Margin stood at 18.25% in 2022, then advanced by 10 bps to 19.99% in 2023, then tumbled by 31 bps to 13.74% in 2024, then retreated by 7 bps to 12.71% in 2025, then decreased by 15 bps to 10.83% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 10.83%, 13.41%, and 12.71% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ferrovial | 39.87 Bn | 34.47 Bn | - | - |
| 2 | Emcor | 33.30 Bn | 32.37 Bn | 1.02 Bn | 19.83% |
| 3 | Jacobs Solutions | 16.54 Bn | 15.37 Bn | 810.70 Mn | 19.89% |
| 4 | Sterling Infrastructure | 14.87 Bn | 14.40 Bn | 289.96 Mn | 24.82% |
| 5 | Aecom | 8.09 Bn | 7.08 Bn | -34.04 Mn | -0.95% |
| 6 | Stantec | 7.99 Bn | 7.99 Bn | 1.36 Bn | 43.88% |
| 7 | Fluor | 7.45 Bn | 4.40 Bn | 179.00 Mn | 4.13% |
| 8 | Argan | 5.58 Bn | 5.03 Bn | 74.22 Mn | 19.33% |
| 9 | Installed Building Products | 5.37 Bn | 4.98 Bn | 258.90 Mn | 33.29% |
| 10 | North American Construction | 386.88 Mn | 265.66 Mn | 31.38 Mn | 10.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.83% |
| 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 | 13.74% |
| 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% |