North American Construction (NOA) Operating Expenses (2009 - 2026)
North American Construction's (NOA) quarterly Operating Expenses came in at $55.7 million in Q1 2026, up 16.95% YoY from $47.7 million in Q1 2025, and down 13.95% on a QoQ basis from $64.8 million in Q4 2025.
North American Construction (NOA) Operating Expenses (2009 - 2026) Analysis & Trends
North American Construction (NOA) has 18 years of Operating Expenses data on file, last reported at $55.7 million in Q1 2026.
- Quarterly Operating Expenses rose 16.95% year-over-year to $55.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $214.3 million (up 31.33% YoY) and the FY2025 annual result came in at $191.5 million, up 18.5% from the prior year.
- Operating Expenses eased to $55.7 million in Q1 2026, from $64.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $83.2 million in Q2 2022 to a low of $25.6 million in Q3 2022.
- A 5-year average of $47.4 million and a median of $45.3 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses sank 67.48% — and 2025, when it surged 78.72%.
- Tracing NOA's Operating Expenses over 5 years: stood at $44.4 million in 2022, then increased by 24.76% to $55.4 million in 2023, then plunged by 34.52% to $36.2 million in 2024, then surged by 78.72% to $64.8 million in 2025, then fell by 13.95% to $55.7 million in 2026.
- The last three Operating Expenses figures came in at $55.7 million (Q1 2026), $64.8 million (Q4 2025), and $45.3 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | -484,107.00 Bn |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 2.28 Bn |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 4.94 Bn |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 1.04 Bn |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 998.00 Mn |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 266.88 Mn |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 39.97 Mn |
| 10 | North American Construction | 369.70 Mn | 248.48 Mn | 31.38 Mn | 59.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 36.25 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 | 83.16 Mn |
| Mar 31, 2022 | 78.19 Mn |
| Dec 31, 2021 | 101.36 Mn |
| Sep 30, 2021 | 72.93 Mn |
| Jun 30, 2021 | 66.35 Mn |