North American Construction (NOA) Non-cash Items (2009 - 2026)

Over the twelve months ended Jun 30, 2026, North American Construction's Non-cash Items came in at $67.48 million, up 31.4% year-over-year; for the year ended Dec 31, 2025, it was $980,538, down 6.8% from the prior year.

• Non-cash Items has declined for three consecutive years, with a five-year compound annual growth rate of -58.7% (years ended Dec 2020 to Dec 2025).
• By year, Non-cash Items came in at $1.05 million in the year ended Dec 31, 2024 (-15.2%), $1.24 million in the year ended Dec 31, 2023 (-98.9%), $113.85 million in the year ended Dec 31, 2022 (+22.9%) and $92.66 million in the year ended Dec 31, 2021 (+13.7%).
• Five-year quarterly Non-cash Items spans a low of -$6.32 million in the quarter ended Dec 31, 2024 and a high of $45.67 million in the quarter ended Dec 31, 2022.
• Year over year, Non-cash Items gained in three of the last four quarters, with growth averaging 225.0%.
• The high point for year-over-year Non-cash Items in five years was the quarter ended Jun 30, 2025 (growth of 603.5%); the low point was the quarter ended Dec 31, 2023 (a decline of 98.6%).
• Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at $35.15 million (quarter ended Mar 31, 2026), $222,297 (quarter ended Dec 31, 2025) and -$83,563 (quarter ended Sep 30, 2025).