North American Construction (NOA) Operating Expenses (2009 - 2026)
North American Construction (NOA) reported Operating Expenses of $16.2 million for Q1 2026, up 203.31% on a YoY basis from $5.4 million in Q1 2025, and up 32.33% quarter-over-quarter from $12.3 million in Q4 2025.
North American Construction (NOA) Operating Expenses (2009 - 2026) Analysis & Trends
North American Construction has reported Operating Expenses for 18 years, with the latest figure at $16.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 203.31% year-over-year to $16.2 million; the trailing twelve-month figure through Mar 2026 stood at $47.0 million (up 36.56% YoY), and the FY2025 full-year result was $191.5 million, up 11.67% from the prior year.
- Operating Expenses for Q1 2026 stood at $16.2 million, up from $12.3 million in the prior quarter.
- The five-year high for Operating Expenses was $53.8 million in Q1 2022, with the low at $5.4 million in Q1 2025.
- Historically, Operating Expenses has averaged $15.0 million across 5 years, with a median of $9.4 million in 2025.
- Annual changes were most pronounced in 2022 — Operating Expenses tumbled 89.84% — and 2026, when it surged 203.31%.
- North American Construction's Operating Expenses stood at $8.5 million in 2022, then soared by 126.75% to $19.3 million in 2023, then tumbled by 30.04% to $13.5 million in 2024, then slipped by 9.16% to $12.3 million in 2025, then surged by 32.33% to $16.2 million in 2026.
- The last three Operating Expenses figures came in at $16.2 million (Q1 2026), $12.3 million (Q4 2025), and $9.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 261.00 Mn |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 732.00 Mn |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 4.72 Bn |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 2.14 Bn |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | -76.01 Mn |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 9.00 Mn |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 1.03 Bn |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 45.83 Mn |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 238.95 Mn |
| 10 | North American Construction | 267.97 Mn | 196.17 Mn | 31.22 Mn | 16.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.24 Mn |
| Dec 31, 2025 | 12.27 Mn |
| Sep 30, 2025 | 9.35 Mn |
| Jun 30, 2025 | 9.14 Mn |
| Mar 31, 2025 | 5.35 Mn |
| Dec 31, 2024 | 13.51 Mn |
| Sep 30, 2024 | 7.79 Mn |
| Jun 30, 2024 | 7.77 Mn |
| Mar 31, 2024 | 10.72 Mn |
| Dec 31, 2023 | 19.31 Mn |
| Sep 30, 2023 | 9.31 Mn |
| Jun 30, 2023 | 8.91 Mn |
| Mar 31, 2023 | 10.49 Mn |
| Dec 31, 2022 | 8.51 Mn |
| Sep 30, 2022 | 5.38 Mn |
| Jun 30, 2022 | 46.80 Mn |
| Mar 31, 2022 | 53.83 Mn |
| Dec 31, 2021 | 65.04 Mn |
| Sep 30, 2021 | 52.91 Mn |
| Jun 30, 2021 | 57.53 Mn |