North American Construction Group Ltd. (NOA) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NOA Revenue Growth
Revenue Breakdown (FY 2025)
NOA's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
NOA Revenue Analysis (2014–2025)
As of May 8, 2026, North American Construction Group Ltd. (NOA) generated trailing twelve-month (TTM) revenue of $1.28 billion, reflecting slight decline in growth of -0.1% year-over-year. The most recent quarter (Q4 2025) recorded $305.3 million in revenue, down 3.8% sequentially.
Looking at the longer-term picture, NOA's 5-year compound annual growth rate (CAGR) stands at +20.8%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $1.28 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows NOA's business 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 maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including ROAD (+53.9% YoY), PRIM (+13.4% YoY), and MYRG (+13.1% YoY), NOA has underperformed the peer group in terms of 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 | -0.1% | +20.8% | 8.6% | |
 ROAD | $2.8B | +53.9% | +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 (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.28B | +10.1% | $160.2M | 12.5% | $109.9M | 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% |
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Start ComparisonNOA — Frequently Asked Questions
Quick answers to the most common questions about buying NOA stock.
Is NOA's revenue growth accelerating or slowing?
NOA revenue growth slowed to -0.1%, below the 5-year CAGR of +20.8%. TTM revenue is $1.3B. The deceleration marks a shift from historical growth rates.
What is NOA's long-term revenue growth rate?
North American Construction Group Ltd.'s 5-year revenue CAGR of +20.8% reflects the variable expansion pattern. Current YoY growth of -0.1% is near this long-term average.
How is NOA's revenue distributed by segment?
NOA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.