North American Construction (NOA) Gross Margin (2009 - 2026)
North American Construction (NOA) reported Gross Margin of 10.83% for the quarter ended Jun 30, 2026, down 0.35 percentage points from 11.17% a year earlier and down 2.59 percentage points from the prior quarter.
North American Construction (NOA) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, North American Construction's Gross Margin came in at 12.99%, down 1.30 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 12.64%, down 5.38 percentage points from the prior year.
- Gross Margin has a five-year change of -5.86 percentage points (years ended Dec 2020 to Dec 2025).
- By year, Gross Margin came in at 18.01% in the year ended Dec 31, 2024 (+1.96 pp), 16.05% in the year ended Dec 31, 2023 (+2.85 pp), 13.20% in the year ended Dec 31, 2022 (-0.63 pp) and 13.82% in the year ended Dec 31, 2021 (-4.68 pp).
- The figure for the quarter ended Jun 30, 2026 ranks as the lowest quarterly Gross Margin since the quarter ended Jun 30, 2022.
- Year over year, Gross Margin gained in two of the last eight quarters, with an average year-over-year change of -2.13 percentage points.
- The high point for year-over-year Gross Margin in five years was the quarter ended Sep 30, 2024 (a gain of 9.51 percentage points); the low point was the quarter ended Sep 30, 2025 (a drop of 7.30 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 13.41% (quarter ended Mar 31, 2026), 12.71% (quarter ended Dec 31, 2025) and 15.67% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 96.54 Bn | 94.73 Bn | 1.55 Bn | 16.17% |
| 2 | Ferrovial | 38.99 Bn | 19.58 Bn | - | - |
| 3 | Emcor | 33.36 Bn | 29.75 Bn | 1.02 Bn | 19.83% |
| 4 | Mastec | 17.15 Bn | 16.06 Bn | 556.28 Mn | 12.72% |
| 5 | Jacobs Solutions | 15.84 Bn | 10.49 Bn | 810.70 Mn | 19.89% |
| 6 | Sterling Infrastructure | 15.09 Bn | 13.45 Bn | 289.96 Mn | 24.82% |
| 7 | IES Holdings | 12.79 Bn | 11.66 Bn | 340.66 Mn | 27.41% |
| 8 | Dycom Industries | 8.06 Bn | 7.19 Bn | - | - |
| 9 | Stantec | 7.69 Bn | 7.69 Bn | - | - |
| 10 | North American Construction | 346.15 Mn | -9.05 Mn | 31.38 Mn | 10.83% |
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 | 13.16% |
| 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% |
North American Construction Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=NOA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "NOA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=NOA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();