North American Construction (NOA) Return on Capital Employed (2009 - 2025)
North American Construction's (NOA) quarterly Return on Capital Employed came in at 3.59% in Q4 2025, down 278.0% YoY from 2.02% in Q4 2024, and down 340.99% on a QoQ basis from 0.81% in Q4 2024.
North American Construction (NOA) Return on Capital Employed (2009 - 2025) Analysis & Trends
North American Construction (NOA) has 17 years of Return on Capital Employed data on file, last reported at 3.59% in Q4 2025.
- Quarterly Return on Capital Employed fell 278.0% year-over-year to 3.59% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 3.59% (down 278.0% YoY) and the FY2025 annual result came in at 11.81%, up 17.0% from the prior year.
- Return on Capital Employed eased to 3.59% in Q4 2025, from 0.81% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 1.95% in Q4 2023 to a low of 29.49% in Q4 2021.
- A 5-year average of 7.72% and a median of 3.47% in 2022 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2021 — Return on Capital Employed tumbled 3548 bps — and 2022, when it jumped 2613 bps.
- Tracing NOA's Return on Capital Employed over 5 years: stood at 29.49% in 2021, then soared by 89 bps to 3.35% in 2022, then soared by 158 bps to 1.95% in 2023, then tumbled by 142 bps to 0.81% in 2024, then plunged by 341 bps to 3.59% in 2025.
- The last three Return on Capital Employed figures came in at 3.59% (Q4 2025), 0.81% (Q4 2024), and 1.95% (Q4 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 80.10 Bn | 76.03 Bn | 4.63 Bn | 24.68% |
| 2 | Baker Hughes | 61.95 Bn | 46.22 Bn | 1.58 Bn | 9.65% |
| 3 | Tenaris | 52.95 Bn | 43.92 Bn | 984.66 | - |
| 4 | TechnipFMC | 30.77 Bn | 29.52 Bn | 1.40 Bn | -70.33% |
| 5 | Halliburton | 29.48 Bn | 27.43 Bn | 2.10 Bn | 13.06% |
| 6 | Nov | 7.33 Bn | 6.16 Bn | 521.00 Mn | 6.61% |
| 7 | Weatherford International | 6.54 Bn | 5.41 Bn | 662.00 Mn | 16.47% |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.60 Bn | 246.76 Mn | 8.25% |
| 9 | Archrock | 5.52 Bn | 5.52 Bn | 244.51 Mn | 20.39% |
| 10 | North American Construction | 381.45 Mn | 260.24 Mn | 31.38 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -3.59% |
| Dec 31, 2024 | -0.81% |
| Dec 31, 2023 | 1.95% |
| Dec 31, 2022 | -3.35% |
| Dec 31, 2021 | -29.49% |
| Sep 30, 2021 | -11.02% |
| 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 | 8.32% |
| Mar 31, 2018 | 5.25% |
| Dec 31, 2017 | 4.35% |
| Sep 30, 2017 | 2.05% |
| Jun 30, 2017 | -8.90% |
| Mar 31, 2017 | -12.79% |