North American Construction Group Ltd. (NOA) Revenue History
Annual and quarterly revenue from 1999 to present
NOA Revenue Over Time (1999–2025)
NOA Revenue Growth History
18 of 26 years with positive growth- FY1999 revenue growth
- N/A
- FY2000 revenue growth
- +36.5%
- FY2001 revenue growth
- +0.8%
- FY2002 revenue growth
- +38.0%
- FY2003 revenue growth
- +10.0%
- FY2004 revenue growth
- -5.6%
- FY2005 revenue growth
- +37.8%
- FY2006 revenue growth
- +28.0%
- FY2007 revenue growth
- +57.1%
- FY2008 revenue growth
- -1.7%
- FY2009 revenue growth
- -22.0%
- FY2010 revenue growth
- +13.1%
- FY2011 revenue growth
- +17.3%
- FY2012 revenue growth
- -45.9%
- FY2013 revenue growth
- -13.6%
- FY2014 revenue growth
- +0.3%
- FY2015 revenue growth
- -40.4%
- FY2016 revenue growth
- -24.2%
- FY2017 revenue growth
- +37.2%
- FY2018 revenue growth
- +40.2%
- FY2019 revenue growth
- +75.4%
- FY2020 revenue growth
- -30.7%
- FY2021 revenue growth
- +31.2%
- FY2022 revenue growth
- +17.6%
- FY2023 revenue growth
- +24.4%
- FY2024 revenue growth
- +21.8%
- FY2025 revenue growth
- +10.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $320.0M | -6.1% |
| Q4 2025 | $305.3M | -0.1% |
| Q3 2025 | $317.2M | +10.6% |
| Q2 2025 | $320.6M | +16.0% |
| Q1 2025 | $340.8M | +14.7% |
| Q4 2024 | $305.6M | -6.3% |
| Q3 2024 | $286.9M | +47.3% |
| Q2 2024 | $276.3M | +41.6% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
NOA's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
NOA Revenue Analysis (1999–2025)
Current Revenue & Growth
As of June 28, 2026, North American Construction Group Ltd. (NOA) generated trailing twelve-month (TTM) revenue of $1.26 billion, reflecting moderate decline in growth of -6.1% year-over-year. The most recent quarter (Q1 2026) recorded $320.0 million in revenue, up 4.8% sequentially.
Historical Growth Trajectory
NOA's 5-year compound annual growth rate (CAGR) stands at +20.8%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +18.6% is below the 5-year average, signalling a growth deceleration in recent years. North American Construction Group Ltd.'s highest annual revenue of $1.28 billion was recorded in 2025, an all-time high.
Revenue by Segment
NOA's revenue is primarily driven by Operations Support Services (91%), Construction (7%), and Equipment And Component Sales (3%). With over half of revenue concentrated in Operations Support Services, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Energy sector peers — including ROAD (+48.8% YoY), PRIM (+13.4% YoY), and MYRG (+13.1% YoY) — NOA has underperformed the peer group in revenue growth. Compare NOA vs ROAD →
NOA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NOACurrent | $1.3B | -6.1% | +20.8% | 8.6% | |
 ROAD | $2.8B | +48.8% | +29.1% | 8.5% | |
 PRIM | $7.6B | +13.4% | +16.8% | 5.5% | |
 MYRG | $3.7B | +13.1% | +10.2% | 4.4% | |
 STRL | $2.5B | +37.0% | +15.2% | 16.6% | |
 GLDD | $888M | +16.5% | +3.9% | 14.1% |
NOA Historical Revenue Data (1999–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.28B | +10.2% | $162.3M | 12.6% | $110.0M | 8.6% |
| 2024 | $1.17B | +21.8% | $210.0M | 18.0% | $153.3M | 13.2% |
| 2023 | $957.2M | +24.4% | $154.2M | 16.1% | $95.7M | 10.0% |
| 2022 | $769.5M | +17.6% | $101.5M | 13.2% | $71.2M | 9.2% |
| 2021 | $654.1M | +31.2% | $90.4M | 13.8% | $55.1M | 8.4% |
| 2020 | $498.5M | -30.7% | $92.2M | 18.5% | $67.1M | 13.5% |
| 2019 | $719.1M | +75.4% | $96.4M | 13.4% | $58.8M | 8.2% |
| 2018 | $410.1M | +40.2% | $69.1M | 16.8% | $30.0M | 7.3% |
| 2017 | $292.6M | +37.2% | $39.6M | 13.6% | $13.4M | 4.6% |
| 2016 | $213.2M | -24.2% | $32.3M | 15.2% | $3.9M | 1.8% |
| 2015 | $281.3M | -40.4% | $31.9M | 11.3% | $2.8M | 1.0% |
| 2014 | $471.8M | +0.3% | $51.4M | 10.9% | $11.6M | 2.5% |
| 2013 | $470.5M | -13.6% | $45.7M | 9.7% | $-2,683,000 | -0.6% |
| 2012 | $544.6M | -45.9% | $33.9M | 6.2% | $-16,023,000 | -2.9% |
| 2011 | $1.01B | +17.3% | $60.9M | 6.1% | $-390,000 | -0.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
27+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
NOA — Frequently Asked Questions
Quick answers to the most common questions about buying NOA stock.
Is NOA's revenue growth accelerating or slowing?
NOA revenue is declining -6.1% year-over-year. TTM revenue fell to $1.3B, contrasting with the 5-year CAGR of +20.8%. The reversal reflects either macro headwinds or company-specific challenges.
What is NOA's revenue history from 1999 to 2026?
North American Construction Group Ltd. (NOA) revenue history spans 1999 to 2026. TTM revenue as of 2026 is $1.3B, growing at -6.1% YoY. The 5-year CAGR is +20.8%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is NOA's long-term revenue growth rate (CAGR)?
North American Construction Group Ltd.'s 5-year revenue CAGR of +20.8% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -6.1% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for NOA.
Why does NOA's quarterly revenue fluctuate?
NOA quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. North American Construction Group Ltd.'s revenue data from 1999 to 2026 shows full historical quarterly detail on this page.
How is NOA's revenue distributed by segment?
NOA reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does NOA's revenue compare to industry peers?
North American Construction Group Ltd. (NOA) with TTM revenue of $1.3B and -6.1% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.