North American Construction (NOA) Return on Capital Employed (2009 - 2025)

North American Construction (NOA) posted quarterly Return on Capital Employed of 3.59% for Q4 2025, down 871.0% year-on-year from 0.47% in Q4 2024, and down 170.05% on a QoQ basis from 5.12% in Q4 2024.

North American Construction (NOA) Return on Capital Employed (2009 - 2025) Analysis & Trends

North American Construction (NOA) has reported Return on Capital Employed for 17 consecutive years, with 3.59% the latest figure, recorded in Q4 2025.

  • Quarterly Return on Capital Employed fell 871.0% year-over-year to 3.59% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 3.59% (down 871.0% YoY) and the FY2025 annual result came in at 11.81%, down 971.0% from the prior year.
  • Return on Capital Employed declined to 3.59% in Q4 2025 per NOA's latest filing, from 5.12% in the prior quarter.
  • Over the last five years, Return on Capital Employed for NOA reached as high as 5.12% in Q4 2024 and fell as low as 43.56% in Q4 2021.
  • A 5-year average of 13.66% and a median of 11.02% in 2022 frame the typical range for Return on Capital Employed.
  • Annual changes were most pronounced in 2021 — Return on Capital Employed slumped 4956 bps — and 2022, when it jumped 2511 bps.
  • Year by year, Return on Capital Employed stood at 43.56% in 2021, then surged by 58 bps to 18.45% in 2022, then soared by 111 bps to 1.95% in 2023, then surged by 162 bps to 5.12% in 2024, then tumbled by 170 bps to 3.59% in 2025.
  • According to Business Quant data, Return on Capital Employed over the past three periods registered 3.59%, 5.12%, and 1.95% for Q4 2025, Q4 2024, and Q4 2023 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Slb 70.54 Bn 68.33 Bn 5.38 Bn 11.74%
2 Tenaris 57.93 Bn 46.32 Bn 1.05 Bn -
3 TechnipFMC 30.31 Bn 29.04 Bn 1.64 Bn 27.54%
4 Halliburton 27.38 Bn 25.42 Bn 2.10 Bn 13.06%
5 Nov 7.25 Bn 5.97 Bn 379.00 Mn 5.18%
6 Archrock 6.68 Bn 6.68 Bn 247.42 Mn 20.44%
7 Weatherford International 6.15 Bn 5.02 Bn 776.00 Mn 16.47%
8 Kodiak Gas Services 5.93 Bn 5.84 Bn 222.88 Mn 8.84%
9 Oceaneering International 5.32 Bn 4.71 Bn 156.98 Mn 15.36%
10 North American Construction 400.06 Mn 521.19 Mn 31.22 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2025 -3.59%
Dec 31, 2024 5.12%
Dec 31, 2023 1.95%
Dec 31, 2022 -18.45%
Dec 31, 2021 -43.56%
Sep 30, 2021 -23.43%
Dec 31, 2020 6.00%
Mar 31, 2020 13.39%
Dec 31, 2019 11.48%
Sep 30, 2019 9.94%
Jun 30, 2019 8.80%
Mar 31, 2019 6.05%
Dec 31, 2018 9.17%
Sep 30, 2018 8.87%
Jun 30, 2018 8.10%
Mar 31, 2018 5.02%
Dec 31, 2017 4.12%
Sep 30, 2017 1.80%
Jun 30, 2017 1.21%
Mar 31, 2017 1.88%