North American Construction (NOA) Invested Capital (2009 - 2026)
North American Construction's Invested Capital was $1.19 billion in the quarter ended Jun 30, 2026, up 24.2% from $961.91 million a year earlier and up 15.1% from the prior quarter.
Powered by 
Analysis
North American Construction (NOA) Invested Capital (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Invested Capital at North American Construction came in at $615.88 million, down 16.9% from the prior year.
- Invested Capital shows a five-year compound annual growth rate of 7.4% (years ended Dec 2020 to Dec 2025).
- In earlier years, Invested Capital was $741.49 million in the year ended Dec 31, 2024 (-4.7%), $777.85 million in the year ended Dec 31, 2023 (+69.5%), $458.91 million in the year ended Dec 31, 2022 (+27.6%) and $359.75 million in the year ended Dec 31, 2021 (-16.4%).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Invested Capital in data going back to the quarter ended Jun 30, 2012.
- Compared with a year earlier, Invested Capital has increased for 15 straight quarters, with growth averaging 17.9% over the last eight quarters.
- The best year-over-year quarter for Invested Capital over five years was the quarter ended Mar 31, 2024 (growth of 53.6%); the worst was the quarter ended Sep 30, 2022 (a decline of 13.9%).
- Per Business Quant data, NOA's Invested Capital in the three quarters before the quarter ended Jun 30, 2026 was $1.04 billion (quarter ended Mar 31, 2026), $980.26 million (quarter ended Dec 31, 2025) and $995.8 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 96.54 Bn | 94.73 Bn | 1.55 Bn | 15.85 Bn |
| 2 | Ferrovial | 38.99 Bn | 19.58 Bn | - | 19.96 Bn |
| 3 | Emcor | 33.36 Bn | 29.75 Bn | 1.02 Bn | - |
| 4 | Mastec | 17.15 Bn | 16.06 Bn | 556.28 Mn | 6.34 Bn |
| 5 | Jacobs Solutions | 15.84 Bn | 10.49 Bn | 810.70 Mn | 6.84 Bn |
| 6 | Sterling Infrastructure | 15.09 Bn | 13.45 Bn | 289.96 Mn | 1.67 Bn |
| 7 | IES Holdings | 12.79 Bn | 11.66 Bn | 340.66 Mn | - |
| 8 | Dycom Industries | 8.06 Bn | 7.19 Bn | - | 4.67 Bn |
| 9 | Stantec | 7.69 Bn | 7.69 Bn | - | 2.69 Bn |
| 10 | North American Construction | 346.15 Mn | -9.05 Mn | 31.38 Mn | 1.19 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.19 Bn |
| Mar 31, 2026 | 1.04 Bn |
| Dec 31, 2025 | 980.26 Mn |
| Sep 30, 2025 | 995.80 Mn |
| Jun 30, 2025 | 961.91 Mn |
| Mar 31, 2025 | 889.16 Mn |
| Dec 31, 2024 | 853.74 Mn |
| Sep 30, 2024 | 886.91 Mn |
| Jun 30, 2024 | 850.86 Mn |
| Mar 31, 2024 | 820.09 Mn |
| Dec 31, 2023 | 770.89 Mn |
| Sep 30, 2023 | 621.84 Mn |
| Jun 30, 2023 | 557.35 Mn |
| Mar 31, 2023 | 533.88 Mn |
| Dec 31, 2022 | 546.42 Mn |
| Sep 30, 2022 | 423.95 Mn |
| Jun 30, 2022 | 492.51 Mn |
| Mar 31, 2022 | 498.17 Mn |
| Dec 31, 2021 | 492.54 Mn |
| Sep 30, 2021 | 492.67 Mn |
API Access
North American Construction Invested Capital 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=invested-capital&ticker=NOA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=NOA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();