North American Construction (NOA) Return on Capital Employed (2009 - 2025)
North American Construction (NOA) reported Return on Capital Employed of 8.07% for Q4 2025, down 373.0% on a YoY basis from 2.96% in Q4 2024, and down 31.59% quarter-over-quarter from 11.8% in Q4 2024.
North American Construction (NOA) Return on Capital Employed (2009 - 2025) Analysis & Trends
North American Construction has reported Return on Capital Employed for 17 years, with the latest figure at 8.07% in Q4 2025.
- For the quarter ending Q4 2025, Return on Capital Employed fell 373.0% year-over-year to 8.07%; the trailing twelve-month figure through Dec 2025 stood at 8.07% (down 373.0% YoY), and the FY2025 full-year result was 8.11%, down 346.0% from the prior year.
- Return on Capital Employed for Q4 2025 stood at 8.07%, down from 11.8% in the prior quarter.
- The five-year high for Return on Capital Employed was 11.8% in Q4 2024, with the low at 6.5% in Q3 2021.
- Historically, Return on Capital Employed has averaged 9.16% across 5 years, with a median of 8.83% in 2021.
- Annual changes were most pronounced in 2024 — Return on Capital Employed jumped 259 bps — and 2025, when it sank 373 bps.
- North American Construction's Return on Capital Employed stood at 8.44% in 2021, then increased by 29 bps to 10.93% in 2022, then dropped by 16 bps to 9.22% in 2023, then climbed by 28 bps to 11.8% in 2024, then slumped by 32 bps to 8.07% in 2025.
- The last three Return on Capital Employed figures came in at 8.07% (Q4 2025), 11.8% (Q4 2024), and 9.22% (Q4 2023), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 36.80% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 35.87% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 12.84% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 27.54% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | 2.02% |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 4.37% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 19.80% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 20.30% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 8.84% |
| 10 | North American Construction | 267.97 Mn | 196.17 Mn | 31.22 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 8.07% |
| Dec 31, 2024 | 11.80% |
| Dec 31, 2023 | 9.22% |
| Dec 31, 2022 | 10.93% |
| Dec 31, 2021 | 8.44% |
| Sep 30, 2021 | 6.50% |
| Dec 31, 2020 | 9.60% |
| Mar 31, 2020 | 11.92% |
| Dec 31, 2019 | 1.09% |
| Sep 30, 2019 | -0.53% |
| Jun 30, 2019 | -1.52% |
| Mar 31, 2019 | -9.67% |
| Dec 31, 2018 | 2.79% |
| Sep 30, 2018 | 2.20% |
| Jun 30, 2018 | 1.27% |
| Mar 31, 2018 | 6.72% |
| Dec 31, 2017 | -3.88% |
| Sep 30, 2017 | -6.77% |
| Jun 30, 2017 | -11.03% |
| Mar 31, 2017 | -13.18% |