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| 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 | 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% |