North American Construction (NOA) Operating Margin (2009 - 2026)
North American Construction (NOA) posted Operating Margin of 15.1% for Q1 2026, up 277.82% on a QoQ basis from 8.49% in Q4 2025, and up 2405.0% year-over-year from 0.6% in Q1 2025.
North American Construction (NOA) Operating Margin (2009 - 2026) Analysis & Trends
North American Construction's Operating Margin history runs 18 years deep, the most recent figure standing at 15.1% for Q1 2026.
- Quarterly Operating Margin rose 2405.0% year-over-year to 15.1% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2.26% (up 13.0% YoY) and the FY2025 annual result came in at 8.5%, down 465.0% from the prior year.
- Operating Margin was 15.1% for Q1 2026 at North American Construction, up from 8.49% in the prior quarter.
- Across five years, Operating Margin topped out at 15.1% in Q1 2026 and bottomed at 55.7% in Q2 2022.
- A 5-year average of 8.19% and a median of 3.98% in 2025 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin sank 933 bps — and 2023, when it soared 4815 bps.
- North American Construction's Operating Margin stood at 0.76% in 2022, then jumped by 509 bps to 3.12% in 2023, then sank by 178 bps to 2.44% in 2024, then slumped by 248 bps to 8.49% in 2025, then soared by 278 bps to 15.1% in 2026.
- Business Quant data shows NOA's Operating Margin at 15.1% in Q1 2026, 8.49% in Q4 2025, and 3.98% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 58.70% |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | 48.92% |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 14.51% |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 12.57% |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 5.80% |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 9.68% |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 54.06% |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 8.35% |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 30.89% |
| 10 | North American Construction | 399.49 Mn | 520.61 Mn | 31.22 Mn | 15.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.10% |
| Dec 31, 2025 | -8.49% |
| Sep 30, 2025 | -3.98% |
| Jun 30, 2025 | -9.78% |
| Mar 31, 2025 | -8.95% |
| Dec 31, 2024 | -2.44% |
| Sep 30, 2024 | 3.97% |
| Jun 30, 2024 | -1.24% |
| Mar 31, 2024 | -2.97% |
| Dec 31, 2023 | 3.12% |
| Sep 30, 2023 | -7.39% |
| Jun 30, 2023 | -7.55% |
| Mar 31, 2023 | -3.87% |
| Dec 31, 2022 | -0.76% |
| Sep 30, 2022 | -4.61% |
| Jun 30, 2022 | -55.70% |
| Mar 31, 2022 | -43.62% |
| Dec 31, 2021 | -43.26% |
| Sep 30, 2021 | -42.23% |
| Jun 30, 2021 | -46.36% |