North American Construction (NOA) Tax Rate (2009 - 2026)
North American Construction's (NOA) quarterly Tax Rate came in at 51.97% in Q2 2026, up 2093.0% on a YoY basis from 2.37% in Q2 2025, and up 68.47% quarter-over-quarter from 30.85% in Q1 2026.
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North American Construction (NOA) Tax Rate (2009 - 2026) Analysis & Trends
North American Construction (NOA) has reported Tax Rate for 18 consecutive years, with 51.97% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate rose 2093.0% year-over-year to 51.97%; the trailing twelve-month figure through Jun 2026 stood at 35.64% (up 1977.0% YoY), and the FY2025 full-year result was 14.1%, up 1955.0% from the prior year.
- Tax Rate grew to 51.97% in Q2 2026 per NOA's latest filing, from 30.85% in the prior quarter.
- Across five years, Tax Rate topped out at 136.78% in Q4 2025 and bottomed at 44.64% in Q4 2024.
- Historically, Tax Rate has averaged 22.64% across 5 years, with a median of 19.8% in 2022.
- The sharpest annual moves came in 2024 and 2025: Tax Rate tumbled 8937 bps in 2024, then jumped 18142 bps in 2025.
- Over 5 years, Tax Rate stood at 28.36% in 2022, then jumped by 58 bps to 44.73% in 2023, then sank by 200 bps to 44.64% in 2024, then soared by 406 bps to 136.78% in 2025, then tumbled by 62 bps to 51.97% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 51.97%, 30.85%, and 136.78% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Ferrovial | 39.87 Bn | 34.47 Bn | - | - |
| 2 | Emcor | 33.30 Bn | 32.37 Bn | 1.02 Bn | 26.82% |
| 3 | Jacobs Solutions | 16.54 Bn | 15.37 Bn | 810.70 Mn | 43.37% |
| 4 | Sterling Infrastructure | 14.87 Bn | 14.40 Bn | 289.96 Mn | 23.33% |
| 5 | Aecom | 8.09 Bn | 7.08 Bn | -34.04 Mn | 24.93% |
| 6 | Stantec | 7.99 Bn | 7.99 Bn | 1.36 Bn | 24.69% |
| 7 | Fluor | 7.45 Bn | 4.40 Bn | 179.00 Mn | 16.03% |
| 8 | Argan | 5.58 Bn | 5.03 Bn | 74.22 Mn | 20.31% |
| 9 | Installed Building Products | 5.37 Bn | 4.98 Bn | 258.90 Mn | 23.74% |
| 10 | North American Construction | 386.88 Mn | 265.66 Mn | 31.38 Mn | 51.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.97% |
| Mar 31, 2026 | 30.85% |
| Dec 31, 2025 | 136.78% |
| Sep 30, 2025 | 0.88% |
| Jun 30, 2025 | 31.04% |
| Mar 31, 2025 | 17.08% |
| Dec 31, 2024 | -44.64% |
| Sep 30, 2024 | 11.48% |
| Jun 30, 2024 | -6.42% |
| Mar 31, 2024 | 26.89% |
| Dec 31, 2023 | 44.73% |
| Sep 30, 2023 | 17.71% |
| Jun 30, 2023 | 8.49% |
| Mar 31, 2023 | 3.76% |
| Dec 31, 2022 | 28.36% |
| Sep 30, 2022 | 25.79% |
| Jun 30, 2022 | 21.88% |
| Mar 31, 2022 | 0.94% |
| Dec 31, 2021 | 17.62% |
| Sep 30, 2021 | 18.37% |