North American Construction (NOA) Return on Invested Capital [ROIC] (2009 - 2026)
North American Construction (NOA) recorded Return on Invested Capital [ROIC] of 6.63% in the quarter ended Jun 30, 2026, down 4.00 percentage points from 10.64% a year earlier and down 0.88 percentage points from the prior quarter.
Powered by 
Analysis
North American Construction (NOA) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, North American Construction reported Return on Invested Capital [ROIC] of 11.33%, down 3.41 percentage points from the prior year.
- Annual Return on Invested Capital [ROIC] has a four-year change of +0.30 percentage points (years ended Dec 2021 to Dec 2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 14.74% in the year ended Dec 31, 2024 (+3.65 pp), 11.09% in the year ended Dec 31, 2023 (-2.22 pp), 13.30% in the year ended Dec 31, 2022 (+2.27 pp) and 11.03% in the year ended Dec 31, 2021.
- The figure for the quarter ended Jun 30, 2026 is the lowest quarterly Return on Invested Capital [ROIC] since the quarter ended Mar 31, 2019.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for five consecutive quarters, with an average year-over-year change of -1.83 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 3.93 percentage points in the quarter ended Mar 31, 2023, against a drop of 6.32 percentage points in the quarter ended Sep 30, 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.51% (quarter ended Mar 31, 2026), 8.21% (quarter ended Dec 31, 2025) and 8.63% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 101.70 Bn | 99.89 Bn | 1.55 Bn | 10.14% |
| 2 | Ferrovial | 38.65 Bn | 19.25 Bn | - | - |
| 3 | Emcor | 34.80 Bn | 31.19 Bn | 1.02 Bn | - |
| 4 | Mastec | 17.34 Bn | 16.24 Bn | 556.28 Mn | 11.60% |
| 5 | Sterling Infrastructure | 16.37 Bn | 14.73 Bn | 289.96 Mn | 29.20% |
| 6 | Jacobs Solutions | 16.17 Bn | 10.82 Bn | 810.70 Mn | 5.77% |
| 7 | IES Holdings | 13.52 Bn | 12.39 Bn | 340.66 Mn | - |
| 8 | Dycom Industries | 8.20 Bn | 7.33 Bn | - | - |
| 9 | Stantec | 7.70 Bn | 7.70 Bn | - | 30.07% |
| 10 | North American Construction | 351.33 Mn | -3.86 Mn | 31.38 Mn | 6.63% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.63% |
| Mar 31, 2026 | 7.51% |
| Dec 31, 2025 | 8.21% |
| Sep 30, 2025 | 8.63% |
| Jun 30, 2025 | 10.64% |
| Mar 31, 2025 | 12.73% |
| Dec 31, 2024 | 13.58% |
| Sep 30, 2024 | 14.95% |
| Jun 30, 2024 | 12.38% |
| Mar 31, 2024 | 10.70% |
| Dec 31, 2023 | 11.18% |
| Sep 30, 2023 | 11.36% |
| Jun 30, 2023 | 12.95% |
| Mar 31, 2023 | 12.50% |
| Dec 31, 2022 | 12.68% |
| Sep 30, 2022 | 10.41% |
| Jun 30, 2022 | 9.21% |
| Mar 31, 2022 | 8.57% |
| Dec 31, 2021 | 9.48% |
| Sep 30, 2021 | 8.34% |
API Access
North American Construction Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NOA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "NOA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NOA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();