North American Construction (NOA) Gross Margin (2009 - 2026)
North American Construction's (NOA) quarterly Gross Margin came in at 13.41% in Q1 2026, up 229.0% YoY from 4.08% in Q1 2025, and up 5.52% on a QoQ basis from 12.71% in Q4 2025.
North American Construction (NOA) Gross Margin (2009 - 2026) Analysis & Trends
North American Construction (NOA) has 18 years of Gross Margin data on file, last reported at 13.41% in 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 13.25% (down 282.0% YoY) and the FY2025 annual result came in at 12.64%, down 538.0% from the prior year.
- Gross Margin rose to 13.41% in Q1 2026, from 12.71% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 22.98% in Q3 2024 to a low of 7.4% in Q2 2022.
- A 5-year average of 14.66% and a median of 13.47% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin jumped 951 bps — and 2025, when it tumbled 730 bps.
- Tracing NOA's Gross Margin over 5 years: stood at 18.25% in 2022, then rose by 10 bps to 19.99% in 2023, then sank by 31 bps to 13.74% in 2024, then declined by 7 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 51.63% |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 23.46% |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | - |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 50.62% |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 36.80% |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 24.41% |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 59.91% |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 63.09% |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 65.86% |
| 10 | North American Construction | 369.70 Mn | 248.48 Mn | 31.38 Mn | 10.83% |
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 | 13.74% |
| 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% |
| Jun 30, 2021 | 10.86% |