North American Construction (NOA) Operating Expenses (2009 - 2026)
North American Construction's (NOA) quarterly Operating Expenses came in at $57.7 million in Q2 2026, up 18.96% on a YoY basis from $48.5 million in Q2 2025, and up 3.45% quarter-over-quarter from $55.7 million in Q1 2026.
Analysis
North American Construction (NOA) Operating Expenses (2009 - 2026) Analysis & Trends
North American Construction (NOA) has reported Operating Expenses for 18 consecutive years, with $57.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 18.96% year-over-year to $57.7 million; the trailing twelve-month figure through Jun 2026 stood at $224.0 million (up 12.16% YoY), and the FY2025 full-year result was $192.3 million, up 7.15% from the prior year.
- Operating Expenses improved to $57.7 million in Q2 2026 per NOA's latest filing, from $55.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $83.2 million in Q2 2022 and bottomed at $25.6 million in Q3 2022.
- Historically, Operating Expenses has averaged $49.6 million across 5 years, with a median of $47.0 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses slumped 67.48% in 2023, then soared 45.39% in 2024.
- Over 5 years, Operating Expenses stood at $44.4 million in 2022, then gained by 24.76% to $55.4 million in 2023, then grew by 14.87% to $63.6 million in 2024, then climbed by 2.61% to $65.3 million in 2025, then fell by 11.63% to $57.7 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $57.7 million, $55.7 million, and $65.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ferrovial | 39.87 Bn | 34.47 Bn | - | - |
| 2 | Emcor | 33.30 Bn | 32.37 Bn | 1.02 Bn | 475.04 Mn |
| 3 | Jacobs Solutions | 16.54 Bn | 15.37 Bn | 810.70 Mn | 524.00 Mn |
| 4 | Sterling Infrastructure | 14.87 Bn | 14.40 Bn | 289.96 Mn | 65.66 Mn |
| 5 | Aecom | 8.09 Bn | 7.08 Bn | -34.04 Mn | 46.45 Mn |
| 6 | Stantec | 7.99 Bn | 7.99 Bn | 1.36 Bn | 963.15 Mn |
| 7 | Fluor | 7.45 Bn | 4.40 Bn | 179.00 Mn | 41.00 Mn |
| 8 | Argan | 5.58 Bn | 5.03 Bn | 74.22 Mn | 17.41 Mn |
| 9 | Installed Building Products | 5.37 Bn | 4.98 Bn | 258.90 Mn | 164.30 Mn |
| 10 | North American Construction | 386.88 Mn | 265.66 Mn | 31.38 Mn | 57.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 57.67 Mn |
| Mar 31, 2026 | 55.75 Mn |
| Dec 31, 2025 | 65.26 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 | 31.80 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 | 83.16 Mn |
| Mar 31, 2022 | 78.19 Mn |
| Dec 31, 2021 | 60.15 Mn |
| Sep 30, 2021 | 72.93 Mn |