North American Construction Group Ltd.(NOA)Earnings, Financials & Key Ratios
NOA•NYSE
$14.81
$427M mkt cap·17.7× P/E·Price updated May 6, 2026
AboutNorth American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services. Its Equipment Maintenance Services division provides fuel and lube servicing, portable steaming, equipment inspections, parts and component supply, major overhauls and equipment refurbishment, onsite haul truck brake testing, onsite maintenance support, under carriage rebuild, machining, hose manufacturing, and technical support services, as well as welding, fabrication/repairs, weld certification, and inspection services. As of December 31, 2021, the company operated a heavy equipment fleet of 632 units. It serves resource development and industrial construction sectors. The company was formerly known as North American Energy Partners Inc. and changed its name to North American Construction Group Ltd. in April 2018. North American Construction Group Ltd. was founded in 1953 and is headquartered in Acheson, Canada.Show more
- Revenue$1.28B+10.1%
- EBITDA$329M+2.8%
- Net Income$34M-23.3%
- EPS (Diluted)1.14-25.0%
- Gross Margin12.48%-30.7%
- EBITDA Margin25.63%-6.6%
- Operating Margin8.57%-34.9%
- Net Margin2.63%-30.3%
- ROE8%-32.4%
- ROIC6.83%-37.0%
- Debt/Equity2.02-4.9%
- Interest Coverage1.87-31.4%
NOA Key Insights
North American Construction Group Ltd. (NOA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 20.8%
- ✓Healthy dividend yield of 2.1%
- ✓Share count reduced 2.4% through buybacks
- ✓Trading at only 1.4x book value
✗Weaknesses
- ✗High debt to equity ratio of 2.0x
- ✗Negative free cash flow
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
NOA Price & Volume
North American Construction Group Ltd. (NOA) stock price & volume — 10-year historical chart
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NOA Growth Metrics
North American Construction Group Ltd. (NOA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years16.39%
5 Years20.82%
3 Years18.58%
TTM10.14%
Profit CAGR
10 Years-
5 Years-7.23%
3 Years-20.54%
TTM-24.35%
EPS CAGR
10 Years-
5 Years-6.55%
3 Years-19.06%
TTM-24.87%
Return on Capital
10 Years8.15%
5 Years9.47%
3 Years9.74%
Last Year7.89%
NOA Recent Earnings
North American Construction Group Ltd. (NOA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Mar 11, 2026EPS
$0.10
Est $0.50
-120.0%
Revenue
$223M
Est $229M
-3.0%
Q4 2025
Nov 12, 2025EPS
$0.49
Est $0.50
-2.0%
Revenue
$227M
Est $222M
+2.3%
Q3 2025
Aug 13, 2025EPS
$0.01
Est $0.59
-98.3%
Revenue
$235M
Est $239M
-1.5%
Q2 2025
May 14, 2025EPS
$0.36
Est $0.52
-30.8%
Revenue
$239M
Est $215M
+11.1%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 11, 2026 | $0.10vs $0.50-120.0% | $223Mvs $229M-3.0% |
| Q4 2025 | Nov 12, 2025 | $0.49vs $0.50-2.0% | $227Mvs $222M+2.3% |
| Q3 2025 | Aug 13, 2025 | $0.01vs $0.59-98.3% | $235Mvs $239M-1.5% |
| Q2 2025 | May 14, 2025 | $0.36vs $0.52-30.8% | $239Mvs $215M+11.1% |
Based on last 12 quarters of dataView full earnings history →
NOA Peer Comparison
North American Construction Group Ltd. (NOA) competitors in Drilling and Well Construction — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ROAD | 7.29B | 131.62 | 71.53 | 54.2% | 3.99% | 12.59% | 2.1% | 1.85 |
 PRIM | 11B | 202.86 | 40.41 | 18.97% | 3.31% | 15.21% | 3.1% | 0.76 |
 MYRG | 7.3B | 468.54 | 62.22 | 8.79% | 3.71% | 22.14% | 3.18% | 0.16 |
 STRL | 24.73B | 806.00 | 85.93 | 17.69% | 12.02% | 32.26% | 1.47% | 0.32 |
 GLDD | 1.14B | 17.00 | 15.74 | 16.47% | 8.27% | 14.83% | 8.76% | 0.89 |
 WLDN | 1.13B | 76.65 | 21.96 | 20.46% | 7.71% | 19.12% | 6.23% | 0.23 |
 MTZ | 34.49B | 437.51 | 86.29 | 16.22% | 3% | 14.16% | 0.83% | 0.84 |
 PWR | 115.79B | 771.61 | 113.47 | 19.76% | 3.72% | 12.96% | 1.4% | 0.13 |
Compare NOA vs Peers
North American Construction Group Ltd. (NOA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NOA Income Statement
North American Construction Group Ltd. (NOA) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 292.56M | 410.06M | 719.07M | 498.47M | 654.14M | 769.54M | 957.22M | 1.17B | 1.28B |
| Revenue Growth % | 37.23% | 40.16% | 75.36% | -30.68% | 31.23% | 17.64% | 24.39% | 21.79% | 10.08% |
| Cost of Goods Sold | 252.91M | 340.99M | 622.65M | 406.25M | 563.73M | 667.99M | 803M | 955.74M | 1.12B |
| COGS % of Revenue | 86.45% | 83.15% | 86.59% | 81.5% | 86.18% | 86.8% | 83.89% | 81.98% | 87.52% |
| Gross Profit | 39.65M▲ 0% | 69.08M▲ 74.2% | 96.41M▲ 39.6% | 92.22M▼ 4.4% | 90.42M▼ 2.0% | 101.55M▲ 12.3% | 154.22M▲ 51.9% | 210.05M▲ 36.2% | 160.2M▼ 23.7% |
| Gross Margin % | 13.55% | 16.85% | 13.41% | 18.5% | 13.82% | 13.2% | 16.11% | 18.02% | 12.48% |
| Gross Profit Growth % | 22.58% | 74.23% | 39.57% | -4.35% | -1.95% | 12.31% | 51.87% | 36.2% | -23.73% |
| Operating Expenses | 26.22M | 39.25M | 37.65M | 25.1M | 35.29M | 30.39M | 58.5M | 56.72M | 50.28M |
| OpEx % of Revenue | 8.96% | 9.57% | 5.24% | 5.03% | 5.39% | 3.95% | 6.11% | 4.87% | 3.92% |
| Selling, General & Admin | 25.3M | 38.84M | 36.93M | 24.44M | 35.37M | 29.86M | 56.84M | 55.95M | 50.28M |
| SG&A % of Revenue | 8.65% | 9.47% | 5.14% | 4.9% | 5.41% | 3.88% | 5.94% | 4.8% | 3.92% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 918K | 412K | 711K | 659K | -85K | 536K | 1.66M | 767K | 0 |
| Operating Income | 13.41M▲ 0% | 29.98M▲ 123.6% | 58.8M▲ 96.1% | 67.12M▲ 14.2% | 55.13M▼ 17.9% | 71.16M▲ 29.1% | 95.71M▲ 34.5% | 153.33M▲ 60.2% | 109.91M▼ 28.3% |
| Operating Margin % | 4.58% | 7.31% | 8.18% | 13.47% | 8.43% | 9.25% | 10% | 13.15% | 8.57% |
| Operating Income Growth % | 241.75% | 123.61% | 96.12% | 14.16% | -17.87% | 29.08% | 34.51% | 60.2% | -28.32% |
| EBITDA | 57.51M | 87.08M | 161.09M | 155.9M | 163.14M | 190.43M | 227.03M | 320.01M | 328.92M |
| EBITDA Margin % | 19.66% | 21.24% | 22.4% | 31.28% | 24.94% | 24.75% | 23.72% | 27.45% | 25.63% |
| EBITDA Growth % | 23.92% | 51.43% | 84.99% | -3.22% | 4.64% | 16.72% | 19.22% | 40.95% | 2.78% |
| D&A (Non-Cash Add-back) | 44.1M | 57.1M | 102.29M | 88.78M | 108.02M | 119.27M | 131.32M | 166.68M | 219.01M |
| EBIT | 13.55M | 29.64M | 60.75M | 78.22M | 78.72M | 107.91M | 121.28M | 116.38M | 109.91M |
| Net Interest Income | -6.94M | -8.58M | -16.67M | -14.64M | -17.97M | -23.44M | -36.95M | -59.34M | -58.88M |
| Interest Income | 144K | 175K | 82.51K | 142.07K | 62K | 24K | 0 | -3M | 0 |
| Interest Expense | 6.29M | 8.22M | 16.76M | 14.79M | 18.03M | 23.49M | 36.95M | 56.34M | 58.88M |
| Other Income/Expense | -6.94M | -8.56M | -21.59M | -6.65M | 5.57M | 13.29M | -9.75M | -93.3M | -53.49M |
| Pretax Income | 6.47M▲ 0% | 21.42M▲ 231.1% | 37.21M▲ 73.7% | 60.47M▲ 62.5% | 60.69M▲ 0.4% | 84.44M▲ 39.1% | 85.96M▲ 1.8% | 60.03M▼ 30.2% | 56.43M▼ 6.0% |
| Pretax Margin % | 2.21% | 5.22% | 5.17% | 12.13% | 9.28% | 10.97% | 8.98% | 5.15% | 4.4% |
| Income Tax | 1.2M | 6.1M | 2.86M | 11.26M | 9.29M | 17.07M | 22.82M | 15.95M | 22.62M |
| Effective Tax Rate % | 18.61% | 28.46% | 7.68% | 18.63% | 15.3% | 20.22% | 26.55% | 26.57% | 40.09% |
| Net Income | 5.26M▲ 0% | 15.29M▲ 190.4% | 36.88M▲ 141.3% | 49.21M▲ 33.4% | 51.41M▲ 4.5% | 67.37M▲ 31.1% | 63.14M▼ 6.3% | 44.09M▼ 30.2% | 33.81M▼ 23.3% |
| Net Margin % | 1.8% | 3.73% | 5.13% | 9.87% | 7.86% | 8.75% | 6.6% | 3.78% | 2.63% |
| Net Income Growth % | 1282.92% | 190.39% | 141.25% | 33.43% | 4.47% | 31.05% | -6.28% | -30.18% | -23.32% |
| Net Income (Continuing) | 5.26M | 15.32M | 34.35M | 49.21M | 51.41M | 67.37M | 63.14M | 44.09M | 33.81M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 494K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.18▲ 0% | 0.49▲ 172.2% | 1.12▲ 128.6% | 1.60▲ 42.9% | 1.64▲ 2.5% | 2.15▲ 31.1% | 1.91▼ 11.2% | 1.52▼ 20.4% | 1.14▼ 25.0% |
| EPS Growth % | 1308.05% | 172.22% | 128.57% | 42.86% | 2.5% | 31.1% | -11.16% | -20.42% | -25% |
| EPS (Basic) | 0.20 | 0.49 | 1.45 | 1.75 | 1.81 | 2.46 | 2.09 | 1.65 | 1.18 |
| Diluted Shares Outstanding | 29.61M | 31.43M | 32.84M | 32.3M | 33.95M | 34.01M | 33.03M | 33.05M | 32.27M |
| Basic Shares Outstanding | 26.7M | 31.43M | 32.84M | 30.82M | 33.95M | 34.01M | 30.19M | 29.85M | 28.66M |
| Dividend Payout Ratio | 41.51% | 13.12% | 6.88% | 6.97% | 8.6% | 11.54% | 15.89% | 24.14% | 39.58% |
NOA Balance Sheet
North American Construction Group Ltd. (NOA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 89.28M | 130.38M | 117.8M | 93.62M | 147.18M | 230.36M | 295.2M | 330.52M | 361.92M |
| Cash & Short-Term Investments | 8.19M | 19.51M | 5.54M | 34.1M | 16.6M | 69.14M | 88.61M | 77.88M | 100.05M |
| Cash Only | 8.19M | 19.51M | 5.54M | 34.1M | 16.6M | 69.14M | 88.61M | 77.88M | 100.05M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 67.29M | 93.07M | 85.94M | 33.94M | 78.55M | 99.61M | 132.88M | 170.21M | 179.25M |
| Days Sales Outstanding | 83.95 | 82.84 | 43.62 | 24.85 | 43.83 | 47.25 | 50.67 | 53.29 | 50.99 |
| Inventory | 4.75M | 13.39M | 21.65M | 15.03M | 44.54M | 49.9M | 64.96M | 74.08M | 75.6M |
| Days Inventory Outstanding | 6.86 | 14.33 | 12.69 | 13.51 | 28.84 | 27.27 | 29.53 | 28.29 | 24.57 |
| Other Current Assets | 6.49M | 4.12M | 424K | 10.55M | 660K | 1.12M | 1.34M | 683K | 7.03M |
| Total Non-Current Assets | 294.36M | 559.42M | 674.85M | 564.98M | 722.1M | 749.15M | 1.25B | 1.36B | 1.46B |
| Property, Plant & Equipment | 278.65M | 528.16M | 609.57M | 510.52M | 655.72M | 660.55M | 1.16B | 1.26B | 1.37B |
| Fixed Asset Turnover | 1.05x | 0.78x | 1.18x | 0.98x | 1.00x | 1.16x | 0.83x | 0.93x | 0.94x |
| Goodwill | 0 | 0 | 0 | 0 | 543K | 543K | 526K | 520K | 534.56K |
| Intangible Assets | 938K | 2.92M | 0 | 296.7K | 3.86M | 6.77M | 6.97M | 9.9M | 12.32M |
| Long-Term Investments | 0 | 11.79M | 42.91M | 36.31M | 55.97M | 75.64M | 81.44M | 84.69M | 70.83M |
| Other Non-Current Assets | 4.24M | 7.29M | 6.72M | 4.97M | 6M | 5.26M | 6.62M | 9.32M | 4.18M |
| Total Assets | 383.64M▲ 0% | 689.8M▲ 79.8% | 792.65M▲ 14.9% | 658.61M▼ 16.9% | 869.28M▲ 32.0% | 979.51M▲ 12.7% | 1.55B▲ 57.9% | 1.69B▲ 9.6% | 1.82B▲ 7.3% |
| Asset Turnover | 0.76x | 0.59x | 0.91x | 0.76x | 0.75x | 0.79x | 0.62x | 0.69x | 0.71x |
| Asset Growth % | 9.59% | 79.8% | 14.91% | -16.91% | 31.99% | 12.68% | 57.88% | 9.56% | 7.32% |
| Total Current Liabilities | 79.03M | 148.9M | 157.3M | 85.94M | 161.03M | 192.3M | 324.02M | 315.86M | 410.52M |
| Accounts Payable | 35.19M | 63.46M | 88.2M | 32.52M | 76.25M | 102.55M | 146.19M | 110.75M | 101.97M |
| Days Payables Outstanding | 50.79 | 67.93 | 51.7 | 29.22 | 49.37 | 56.03 | 66.45 | 42.3 | 33.14 |
| Short-Term Debt | 0 | 30M | 18.51M | 37.02M | 19.69M | 42.09M | 92.69M | 92.49M | 161.92M |
| Deferred Revenue (Current) | 2.27M | 4.03M | 23K | 1.19M | 3.35M | 1.41M | 59K | 1.94M | 22.83M |
| Other Current Liabilities | 4.83M | 6.75M | 0 | 3.38M | 0 | 10.1M | 51.69M | 39.29M | 62.06M |
| Current Ratio | 1.13x | 0.88x | 0.75x | 1.09x | 0.91x | 1.20x | 0.91x | 1.05x | 0.88x |
| Quick Ratio | 1.07x | 0.79x | 0.61x | 0.91x | 0.64x | 0.94x | 0.71x | 0.81x | 0.70x |
| Cash Conversion Cycle | 40.02 | 29.25 | 4.61 | 9.14 | 23.3 | 18.48 | 13.75 | 39.29 | 42.41 |
| Total Non-Current Liabilities | 158.69M | 390.69M | 455.23M | 377.66M | 429.78M | 481.29M | 865.8M | 989.5M | 951.5M |
| Long-Term Debt | 70.06M | 265.96M | 313.44M | 267.97M | 306.03M | 378.45M | 611.31M | 719.4M | 749.22M |
| Capital Lease Obligations | 37.83M | 54.32M | 64.78M | 44.5M | 41.15M | 12.38M | 11.31M | 11.44M | 9.69M |
| Deferred Tax Liabilities | 38.16M | 44.79M | 52.5M | 50.39M | 56.2M | 71.89M | 0 | 125.38M | 141.17M |
| Other Non-Current Liabilities | 6.42M | 15.77M | 17.91M | 2.62M | 23.45M | 18.58M | 243.18M | 114.26M | 49.59M |
| Total Liabilities | 237.72M | 539.59M | 612.53M | 463.59M | 590.82M | 673.59M | 1.19B | 1.31B | 1.36B |
| Total Debt | 137.25M | 382.95M | 432.15M | 349.49M | 397.9M | 435.39M | 717.05M | 825.1M | 920.83M |
| Net Debt | 129.07M | 363.44M | 426.61M | 315.39M | 381.3M | 366.24M | 628.44M | 747.23M | 820.78M |
| Debt / Equity | 0.94x | 2.55x | 2.40x | 1.79x | 1.43x | 1.42x | 2.01x | 2.12x | 2.02x |
| Debt / EBITDA | 2.39x | 4.40x | 2.68x | 2.24x | 2.44x | 2.29x | 3.16x | 2.58x | 2.80x |
| Net Debt / EBITDA | 2.24x | 4.17x | 2.65x | 2.02x | 2.34x | 1.92x | 2.77x | 2.33x | 2.50x |
| Interest Coverage | 2.13x | 3.65x | 3.51x | 4.54x | 3.06x | 3.03x | 2.59x | 2.72x | 1.87x |
| Total Equity | 145.92M▲ 0% | 150.22M▲ 2.9% | 180.12M▲ 19.9% | 195.01M▲ 8.3% | 278.46M▲ 42.8% | 305.92M▲ 9.9% | 356.65M▲ 16.6% | 388.9M▲ 9.0% | 456.25M▲ 17.3% |
| Equity Growth % | -8.2% | 2.94% | 19.91% | 8.27% | 42.79% | 9.86% | 16.58% | 9.04% | 17.32% |
| Book Value per Share | 4.93 | 4.78 | 5.48 | 6.04 | 8.20 | 9.00 | 10.80 | 11.77 | 14.14 |
| Total Shareholders' Equity | 145.92M | 149.72M | 180.12M | 195.01M | 278.46M | 305.92M | 356.65M | 388.9M | 456.25M |
| Common Stock | 231.02M | 221.77M | 225.97M | 200.21M | 246.94M | 229.46M | 229.46M | 228.96M | 282.73M |
| Retained Earnings | -127.16M | -113.92M | -79.86M | -27.59M | 11.86M | 70.5M | 123.03M | 156.13M | 176.32M |
| Treasury Stock | -12.35M | -11.7M | -15.91M | -14.13M | -17.8M | -16.44M | -16.16M | -15.91M | -14.98M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 2K | 306K | -407K | -1.09M | 9.38M |
| Minority Interest | 0 | 494K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NOA Cash Flow Statement
North American Construction Group Ltd. (NOA) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 49.74M | 109.37M | 157.94M | 114.27M | 165.18M | 169.2M | 270.39M | 217.61M | 254.34M |
| Operating CF Margin % | 17% | 26.67% | 21.97% | 22.93% | 25.25% | 21.99% | 28.25% | 18.67% | 19.82% |
| Operating CF Growth % | 24.89% | 119.86% | 44.41% | -27.65% | 44.55% | 2.43% | 59.8% | -19.52% | 16.88% |
| Net Income | 5.26M | 15.32M | 37.13M | 38.62M | 51.41M | 67.37M | 63.14M | 44.09M | 33.81M |
| Depreciation & Amortization | 45.65M | 58.76M | 102.29M | 69.69M | 108.02M | 119.27M | 131.32M | 166.68M | 219.01M |
| Stock-Based Compensation | 3.65M | 11.53M | 9.44M | 0 | 11.61M | 4.78M | 15.83M | 8.71M | 0 |
| Deferred Taxes | 1.2M | 6.1M | 2.85M | 8.84M | 8.29M | 15.45M | 15.98M | 19.23M | 14.67M |
| Other Non-Cash Items | 1M | 3.48M | -2.29M | -216.64K | -14.81M | -24.36M | -6.93M | 43.45M | -8.46M |
| Working Capital Changes | -7.03M | 14.18M | 8.52M | -2.66M | 671K | -13.31M | 51.05M | -64.54M | -4.68M |
| Change in Receivables | -7.15M | -22.36M | 5.39M | 32.38M | -30.65M | -10.96M | 38.59M | -41.28M | 9.46M |
| Change in Inventory | -1.29M | -443K | -12.58M | 1.94M | -11.24M | -5.35M | -2.52M | -4.82M | -10.23M |
| Change in Payables | 5.64M | 17.66M | 28.6M | -37.2M | 31.23M | 12.75M | 9.59M | -32.25M | -11.32M |
| Cash from Investing | -33.59M | -228.61M | -160.68M | -88.56M | -99.27M | -97.47M | -244.88M | -274.68M | -264.61M |
| Capital Expenditures | -53.88M | -81.46M | -157.45M | -92.1M | -113.79M | -115.26M | -202.81M | -280.14M | -285.13M |
| CapEx % of Revenue | 18.42% | 19.86% | 21.9% | 18.48% | 17.4% | 14.98% | 21.19% | 24.03% | 22.22% |
| Acquisitions | -1.18M | -31.91M | -10.63M | 2.19M | -13.35M | -2.21M | -52.06M | -3.86M | 11.66M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 21.46M | -115.25M | 15.09M | 0 | 4.89M | 20M | 7.39M | 5.31M | 0 |
| Cash from Financing | -21.63M | 130.56M | -11.23M | 4.3M | -92.76M | -19.49M | -7.75M | 45.98M | 31.08M |
| Debt Issued (Net) | 2.63M | 147.01M | 0 | 22.23M | -63.27M | 24.76M | 24.43M | 104.13M | 126.3M |
| Equity Issued (Net) | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Dividends Paid | -2.19M | -2.01M | -2.54M | -3.43M | -4.42M | -7.77M | -10.03M | -10.64M | -13.38M |
| Share Repurchases | -19.67M | -14.61M | -10.39M | -14.91M | -22.02M | -36.16M | -5.99M | -6.78M | -41.68M |
| Other Financing | -2.98M | 175K | -260K | 0 | -3.05M | -318K | -16.15M | -40.73M | -40.15M |
| Net Change in Cash | -5.48M▲ 0% | 11.32M▲ 306.6% | -13.96M▼ 223.3% | 29.83M▲ 313.6% | -26.85M▼ 190.0% | 52.54M▲ 295.7% | 19.47M▼ 62.9% | -10.74M▼ 155.2% | 25.79M▲ 340.2% |
| Free Cash Flow | -4.13M▲ 0% | 27.91M▲ 775.2% | 496K▼ 98.2% | 22.38M▲ 4412.7% | 51.39M▲ 129.6% | 53.94M▲ 5.0% | 66.9M▲ 24.0% | -66.74M▼ 199.8% | -26.53M▲ 60.2% |
| FCF Margin % | -1.41% | 6.81% | 0.07% | 4.49% | 7.86% | 7.01% | 6.99% | -5.72% | -2.07% |
| FCF Growth % | -133.2% | 775.21% | -98.22% | 4412.71% | 129.59% | 4.96% | 24.03% | -199.76% | 60.25% |
| FCF per Share | -0.14 | 0.89 | 0.02 | 0.69 | 1.51 | 1.59 | 2.03 | -2.02 | -0.82 |
| FCF Conversion (FCF/Net Income) | 9.45x | 7.15x | 4.28x | 2.32x | 3.21x | 2.51x | 4.28x | 4.94x | 7.52x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 33.5M | 64.48M | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 1.37M | 15.91M | 0 |
NOA Key Ratios
North American Construction Group Ltd. (NOA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -0.27% | 3.45% | 10.32% | 22.33% | 26.24% | 21.72% | 23.06% | 19.06% | 11.83% | 8% |
| Return on Invested Capital (ROIC) | 1.19% | 3.86% | 5.7% | 7.87% | 9.01% | 7.07% | 8.01% | 8.66% | 10.84% | 6.83% |
| Gross Margin | 15.17% | 13.55% | 16.85% | 13.41% | 18.5% | 13.82% | 13.2% | 16.11% | 18.02% | 12.48% |
| Net Margin | -0.21% | 1.8% | 3.73% | 5.13% | 9.87% | 7.86% | 8.75% | 6.6% | 3.78% | 2.63% |
| Debt / Equity | 0.64x | 0.94x | 2.55x | 2.40x | 1.79x | 1.43x | 1.42x | 2.01x | 2.12x | 2.02x |
| Interest Coverage | 0.73x | 2.13x | 3.65x | 3.51x | 4.54x | 3.06x | 3.03x | 2.59x | 2.72x | 1.87x |
| FCF Conversion | -89.51x | 9.45x | 7.15x | 4.28x | 2.32x | 3.21x | 2.51x | 4.28x | 4.94x | 7.52x |
| Revenue Growth | -24.21% | 37.23% | 40.16% | 75.36% | -30.68% | 31.23% | 17.64% | 24.39% | 21.79% | 10.08% |
NOA Frequently Asked Questions
North American Construction Group Ltd. (NOA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
North American Construction Group Ltd. (NOA) reported $1.28B in revenue for fiscal year 2025. This represents a 609% increase from $181.2M in 1999.
North American Construction Group Ltd. (NOA) grew revenue by 10.1% over the past year. This is steady growth.
Yes, North American Construction Group Ltd. (NOA) is profitable, generating $33.8M in net income for fiscal year 2025 (2.6% net margin).
Dividend & Returns
Yes, North American Construction Group Ltd. (NOA) pays a dividend with a yield of 2.06%. This makes it attractive for income-focused investors.
North American Construction Group Ltd. (NOA) has a return on equity (ROE) of 8.0%. This is below average, suggesting room for improvement.
North American Construction Group Ltd. (NOA) had negative free cash flow of $21.7M in fiscal year 2025, likely due to heavy capital investments.
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North American Construction Group Ltd. (NOA) financial analysis — history, returns, DCA and operating performance tools
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