North American Construction Group Ltd.
NOA NYSE· Oil & Gas Field Services, Nec
Last close · Oct 26, 2026
$11.88
KIRA · Stoqly’s AI analyst, in plain words
- North American Construction Group Ltd. had $919M of revenue in fiscal 2025, up 7.9% on the year before. Over five years, revenue changed +19.8% a year on average.
- Its operating margin was 8.5%, down 4.6 pts: of every 100 in sales, about 9 is left after running the business.
- North American Construction Group Ltd. made $24.2M of net profit in fiscal 2025.
- Free cash flow was −$12.2M in fiscal 2025, −1.3% of revenue.
- North American Construction Group Ltd. returned $37.1M to shareholders in fiscal 2025. The diluted share count fell 2.4%.
- North American Construction Group Ltd. owes $651M more than it holds in cash, about 2.8 years of operating profit.
Market cap
$383M
P/E
14.6x
Revenue
$919M
Net income
$24.2M
Free cash flow
−$12.2M
Operating margin
8.5%
North American Construction Group Ltd. in 30 seconds · fiscal 2025
Are sales growing?
+7.9%
Yes. Sales grew 7.9% last year.
Does it make a profit?
2.6%
A little. It keeps 2.6% of every sale as profit.
Does profit turn into cash?
−1.3%
No. It spent more cash than it brought in.
Is debt under control?
2.8x
Keep an eye on it. Repaying its debt would take 2.8 years of operating profit.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
How is the share priced?
14.6x
One share costs 14.6 times its yearly profit per share.
What North American Construction Group Ltd. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 40-F · Mar 12, 2026
- Legal name
- North American Construction Group Ltd.
- CIK
- 0001368519
North American Construction Group Ltd. · NOA
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $522M | $591M | $715M | $851M | $919M |
| Revenue growth | 40.4% | 13.3% | 20.9% | 19.1% | 7.9% |
| Gross margin | 13.8% | 13.2% | 16.1% | 18.0% | 12.6% |
| Operating margin | 8.4% | 9.2% | 10.0% | 13.1% | 8.5% |
| Net income | $41.0M | $51.8M | $46.8M | $32.1M | $24.2M |
| Net margin | 7.9% | 8.8% | 6.5% | 3.8% | 2.6% |
| Diluted EPS | $1.31 | $1.65 | $1.55 | $1.10 | $0.82 |
| Cash | |||||
| Cash from operations | $132M | $130M | $206M | $176M | $189M |
| Capital expenditure | $89.8M | $85.6M | $150M | $222M | $201M |
| Free cash flow | $42.0M | $44.3M | $55.8M | −$45.7M | −$12.2M |
| FCF margin | 8.0% | 7.5% | 7.8% | −5.4% | −1.3% |
| Dividends paid | $3.5M | $6.0M | $7.4M | $7.8M | $9.6M |
| Share buybacks | $13.2M | $26.2M | $0.0M | $3.1M | $27.5M |
| Share count change | 5.1% | 0.2% | −2.9% | 0.1% | −2.4% |
| Debt and strength | |||||
| Cash and short-term investments | $13.1M | $51.1M | $66.9M | $54.1M | $73.1M |
| Debt incl. finance leases | $299M | $311M | $563M | $596M | $724M |
| Shareholders' equity | $219M | $226M | $269M | $270M | $333M |
| Net debt / EBITDA | — | 1.8x | 2.9x | 2.2x | 2.8x |
| Current ratio | 0.9x | 1.2x | 0.9x | 1.0x | 0.9x |
| Interest coverage | 2.9x | 2.9x | 2.6x | 2.6x | 1.9x |
| Returns and quality | |||||
| Return on capital | 8.1% | 9.6% | 7.2% | 10.6% | 5.5% |
| Return on equity | 19.8% | 23.3% | 18.9% | 11.9% | 8.0% |
| Return on tangible equity | 19.0% | 23.5% | 17.7% | 12.2% | 7.5% |
| Piotroski F-score | 6 | 6 | 5 | 6 | 4 |
| Altman Z'' | 0.9 | 1.5 | 0.9 | 1.3 | 0.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
North American Construction Group Ltd. · NOA
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $11.88 a share, the company is worth $383M: 14.6 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001368519). Data updated October 24, 2026. Filed in CAD under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.