North American Construction (NOA) Net Margin (2009 - 2026)
North American Construction's (NOA) quarterly Net Margin came in at 1.58% in Q2 2026, down 187.0% on a YoY basis from 1.81% in Q2 2025, and down 32.02% quarter-over-quarter from 2.32% in Q1 2026.
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North American Construction (NOA) Net Margin (2009 - 2026) Analysis & Trends
North American Construction (NOA) has reported Net Margin for 18 consecutive years, with 1.58% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 187.0% year-over-year to 1.58%; the trailing twelve-month figure through Jun 2026 stood at 2.59% (down 52.0% YoY), and the FY2025 full-year result was 3.78%, down 165.0% from the prior year.
- Net Margin slipped to 1.58% in Q2 2026 per NOA's latest filing, from 2.32% in the prior quarter.
- Across five years, Net Margin topped out at 11.92% in Q1 2023 and bottomed at 0.78% in Q4 2025.
- Historically, Net Margin has averaged 5.23% across 5 years, with a median of 4.85% in 2022.
- The sharpest annual moves came in 2022 and 2024: Net Margin surged 262 bps in 2022, then plunged 798 bps in 2024.
- Over 5 years, Net Margin stood at 7.45% in 2022, then sank by 53 bps to 3.53% in 2023, then slumped by 75 bps to 0.9% in 2024, then tumbled by 187 bps to 0.78% in 2025, then soared by 301 bps to 1.58% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 1.58%, 2.32%, and 0.78% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ferrovial | 39.87 Bn | 34.47 Bn | - | - |
| 2 | Emcor | 33.30 Bn | 32.37 Bn | 1.02 Bn | 7.83% |
| 3 | Jacobs Solutions | 16.54 Bn | 15.37 Bn | 810.70 Mn | 3.33% |
| 4 | Sterling Infrastructure | 14.87 Bn | 14.40 Bn | 289.96 Mn | 14.44% |
| 5 | Aecom | 8.09 Bn | 7.08 Bn | -34.04 Mn | -2.31% |
| 6 | Stantec | 7.99 Bn | 7.99 Bn | 1.36 Bn | 6.08% |
| 7 | Fluor | 7.45 Bn | 4.40 Bn | 179.00 Mn | 3.03% |
| 8 | Argan | 5.58 Bn | 5.03 Bn | 74.22 Mn | 13.88% |
| 9 | Installed Building Products | 5.37 Bn | 4.98 Bn | 258.90 Mn | 8.34% |
| 10 | North American Construction | 386.88 Mn | 265.66 Mn | 31.38 Mn | 1.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.58% |
| Mar 31, 2026 | 2.32% |
| Dec 31, 2025 | -0.78% |
| Sep 30, 2025 | 7.35% |
| Jun 30, 2025 | 3.45% |
| Mar 31, 2025 | 2.53% |
| Dec 31, 2024 | 0.90% |
| Sep 30, 2024 | 6.63% |
| Jun 30, 2024 | 7.64% |
| Mar 31, 2024 | 3.93% |
| Dec 31, 2023 | 3.53% |
| Sep 30, 2023 | 5.48% |
| Jun 30, 2023 | 6.57% |
| Mar 31, 2023 | 11.92% |
| Dec 31, 2022 | 7.45% |
| Sep 30, 2022 | 9.77% |
| Jun 30, 2022 | 4.22% |
| Mar 31, 2022 | 9.64% |
| Dec 31, 2021 | 8.10% |
| Sep 30, 2021 | 8.05% |