North American Construction NOA
NYSE NOA
$13.52 -0.16 (-1.17%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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