North American Construction (NOA) Net Margin (2009 - 2026)
North American Construction's Net Margin came in at 2.34% for the quarter ended Jun 30, 2026, down 0.86 percentage points from 3.20% a year earlier but up 0.60 percentage points from the prior quarter.
North American Construction (NOA) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, North American Construction reported Net Margin of 2.22%, down 0.40 percentage points year-over-year; for the year ended Dec 31, 2025, it was 2.63%, down 1.14 percentage points from the prior year.
- Net Margin has declined in each of the last three years, with a five-year change of -7.24 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, Net Margin was 3.78% in the year ended Dec 31, 2024 (-2.77 pp), 6.55% in the year ended Dec 31, 2023 (-2.21 pp), 8.75% in the year ended Dec 31, 2022 (+0.90 pp) and 7.86% in the year ended Dec 31, 2021 (-2.01 pp).
- The five-year range for quarterly Net Margin is 0.04% (the quarter ended Dec 31, 2025) to 11.17% (the quarter ended Dec 31, 2022).
- Year-over-year, Net Margin has declined for three consecutive quarters, with an average year-over-year change of -1.34 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in the quarter ended Jun 30, 2022 (a gain of 2.87 percentage points), and the weakest in the quarter ended Dec 31, 2023 (a drop of 5.80 percentage points).
- Business Quant data shows NOA's Net Margin at 1.74% (quarter ended Mar 31, 2026), 0.04% (quarter ended Dec 31, 2025) and 5.45% (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 96.54 Bn | 94.73 Bn | 1.55 Bn | 4.72% |
| 2 | Ferrovial | 38.99 Bn | 19.58 Bn | - | - |
| 3 | Emcor | 33.36 Bn | 29.75 Bn | 1.02 Bn | 7.83% |
| 4 | Mastec | 17.15 Bn | 16.06 Bn | 556.28 Mn | 2.98% |
| 5 | Jacobs Solutions | 15.84 Bn | 10.49 Bn | 810.70 Mn | 3.35% |
| 6 | Sterling Infrastructure | 15.09 Bn | 13.45 Bn | 289.96 Mn | 13.34% |
| 7 | IES Holdings | 12.79 Bn | 11.66 Bn | 340.66 Mn | 12.31% |
| 8 | Dycom Industries | 8.06 Bn | 7.19 Bn | - | - |
| 9 | Stantec | 7.69 Bn | 7.69 Bn | - | 7.51% |
| 10 | North American Construction | 346.15 Mn | -9.05 Mn | 31.38 Mn | 2.34% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.34% |
| Mar 31, 2026 | 1.74% |
| Dec 31, 2025 | 0.04% |
| Sep 30, 2025 | 5.45% |
| Jun 30, 2025 | 3.20% |
| Mar 31, 2025 | 1.81% |
| Dec 31, 2024 | 1.15% |
| Sep 30, 2024 | 5.05% |
| Jun 30, 2024 | 5.25% |
| Mar 31, 2024 | 3.88% |
| Dec 31, 2023 | 5.38% |
| Sep 30, 2023 | 5.78% |
| Jun 30, 2023 | 6.28% |
| Mar 31, 2023 | 8.94% |
| Dec 31, 2022 | 11.17% |
| Sep 30, 2022 | 10.57% |
| Jun 30, 2022 | 4.47% |
| Mar 31, 2022 | 7.67% |
| Dec 31, 2021 | 8.46% |
| Sep 30, 2021 | 8.42% |
North American Construction Net 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=net-margin&ticker=NOA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=NOA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();