North American Construction (NOA) Operating Leases (2019 - 2026)
North American Construction's (NOA) quarterly Operating Leases came in at $6.9 million in Q1 2026, down 6.76% YoY from $7.4 million in Q1 2025, and down 0.84% on a QoQ basis from $7.0 million in Q4 2025.
North American Construction (NOA) Operating Leases (2019 - 2026) Analysis & Trends
North American Construction (NOA) has 8 years of Operating Leases data on file, last reported at $6.9 million in Q1 2026.
- Quarterly Operating Leases fell 6.76% year-over-year to $6.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $6.9 million (down 6.76% YoY) and the FY2025 annual result came in at $6.9 million, down 16.94% from the prior year.
- Operating Leases declined to $6.9 million in Q1 2026, from $7.0 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $10.2 million in Q2 2022 to a low of $6.9 million in Q1 2026.
- A 5-year average of $8.5 million and a median of $8.8 million in 2023 frame the typical range for Operating Leases.
- Annual changes were most pronounced in 2023 — Operating Leases grew 7.89% — and 2025, when it slipped 22.55%.
- Tracing NOA's Operating Leases over 5 years: stood at $9.1 million in 2022, then decreased by 8.91% to $8.3 million in 2023, then dropped by 1.39% to $8.2 million in 2024, then slipped by 15.09% to $7.0 million in 2025, then fell by 0.84% to $6.9 million in 2026.
- The last three Operating Leases figures came in at $6.9 million (Q1 2026), $7.0 million (Q4 2025), and $7.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Slb | 80.33 Bn | 76.25 Bn | 4.63 Bn |
| 2 | Baker Hughes | 61.93 Bn | 46.20 Bn | 1.58 Bn |
| 3 | Tenaris | 53.10 Bn | 44.08 Bn | 984.66 |
| 4 | TechnipFMC | 30.78 Bn | 29.54 Bn | 1.40 Bn |
| 5 | Halliburton | 29.58 Bn | 27.53 Bn | 2.10 Bn |
| 6 | Nov | 7.35 Bn | 6.19 Bn | 521.00 Mn |
| 7 | Weatherford International | 6.52 Bn | 5.39 Bn | 662.00 Mn |
| 8 | Kodiak Gas Services | 5.83 Bn | 5.69 Bn | 246.76 Mn |
| 9 | Archrock | 5.52 Bn | 5.52 Bn | 244.51 Mn |
| 10 | North American Construction | 382.00 Mn | 260.78 Mn | 31.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.90 Mn |
| Dec 31, 2025 | 6.95 Mn |
| Sep 30, 2025 | 7.21 Mn |
| Jun 30, 2025 | 7.42 Mn |
| Mar 31, 2025 | 7.40 Mn |
| Dec 31, 2024 | 8.19 Mn |
| Sep 30, 2024 | 8.80 Mn |
| Jun 30, 2024 | 9.29 Mn |
| Mar 31, 2024 | 9.55 Mn |
| Dec 31, 2023 | 8.31 Mn |
| Sep 30, 2023 | 8.77 Mn |
| Jun 30, 2023 | 8.76 Mn |
| Mar 31, 2023 | 9.16 Mn |
| Dec 31, 2022 | 9.12 Mn |
| Sep 30, 2022 | 9.76 Mn |
| Jun 30, 2022 | 10.22 Mn |
| Mar 31, 2022 | 8.49 Mn |
| Dec 31, 2021 | 9.09 Mn |
| Sep 30, 2021 | 9.91 Mn |
| Jun 30, 2021 | 10.30 Mn |