North American Construction (NOA) Operating Expenses (2009 - 2026)
North American Construction's Operating Expenses was $59.45 million in the quarter ended Jun 30, 2026, up 22.6% from $48.48 million a year earlier and up 6.6% from the prior quarter.
North American Construction (NOA) Operating Expenses (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, North American Construction's Operating Expenses was $225.29 million through Jun 30, 2026, up 12.8% year-over-year; for the year ended Dec 31, 2025, it was $191.5 million, up 9.4% from the prior year.
- Operating Expenses has now increased for five consecutive years, with a five-year compound annual growth rate of 17.8% (years ended Dec 2020 to Dec 2025).
- In earlier years, Operating Expenses was $174.98 million in the year ended Dec 31, 2024 (+25.5%), $139.46 million in the year ended Dec 31, 2023 (+21.6%), $114.7 million in the year ended Dec 31, 2022 (+0.8%) and $113.76 million in the year ended Dec 31, 2021 (+34.6%).
- Quarterly Operating Expenses has moved between $22.64 million (the quarter ended Sep 30, 2021) and $64.79 million (the quarter ended Dec 31, 2025) over five years.
- Compared with a year earlier, Operating Expenses has increased for 16 straight quarters, with growth averaging 15.8% over the last eight quarters.
- The best year-over-year quarter for Operating Expenses over five years was the quarter ended Jun 30, 2024 (growth of 45.4%); the worst was the quarter ended Jun 30, 2022 (a decline of 24.5%).
- Per Business Quant data, NOA's Operating Expenses in the three quarters before the quarter ended Jun 30, 2026 was $55.75 million (quarter ended Mar 31, 2026), $64.79 million (quarter ended Dec 31, 2025) and $45.31 million (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 96.54 Bn | 94.73 Bn | 1.55 Bn | 698.49 Mn |
| 2 | Ferrovial | 38.99 Bn | 19.58 Bn | - | - |
| 3 | Emcor | 33.36 Bn | 29.75 Bn | 1.02 Bn | 475.04 Mn |
| 4 | Mastec | 17.15 Bn | 16.06 Bn | 556.28 Mn | 292.57 Mn |
| 5 | Jacobs Solutions | 15.84 Bn | 10.49 Bn | 810.70 Mn | 524.00 Mn |
| 6 | Sterling Infrastructure | 15.09 Bn | 13.45 Bn | 289.96 Mn | 65.66 Mn |
| 7 | IES Holdings | 12.79 Bn | 11.66 Bn | 340.66 Mn | 162.17 Mn |
| 8 | Dycom Industries | 8.06 Bn | 7.19 Bn | - | - |
| 9 | Stantec | 7.69 Bn | 7.69 Bn | - | 972.05 Mn |
| 10 | North American Construction | 346.15 Mn | -9.05 Mn | 31.38 Mn | 59.45 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 59.45 Mn |
| Mar 31, 2026 | 55.75 Mn |
| Dec 31, 2025 | 64.79 Mn |
| Sep 30, 2025 | 45.31 Mn |
| Jun 30, 2025 | 48.48 Mn |
| Mar 31, 2025 | 47.67 Mn |
| Dec 31, 2024 | 63.60 Mn |
| Sep 30, 2024 | 39.97 Mn |
| Jun 30, 2024 | 39.32 Mn |
| Mar 31, 2024 | 46.24 Mn |
| Dec 31, 2023 | 55.36 Mn |
| Sep 30, 2023 | 30.64 Mn |
| Jun 30, 2023 | 27.04 Mn |
| Mar 31, 2023 | 37.40 Mn |
| Dec 31, 2022 | 44.37 Mn |
| Sep 30, 2022 | 25.60 Mn |
| Jun 30, 2022 | 24.62 Mn |
| Mar 31, 2022 | 29.15 Mn |
| Dec 31, 2021 | 33.28 Mn |
| Sep 30, 2021 | 22.64 Mn |
North American Construction Operating Expenses 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=operating-expenses&ticker=NOA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=NOA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();