NOA Financials North American Construction Group Ltd.
15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 20.8% per year over the past 5 years.
Net income has grown slower than revenue (-7.2% vs 20.8% per year).
Operating margin has contracted, at 8.5% in the latest year.
Financial health
Total debt has grown faster than revenue (40.1% vs 20.8% per year).
Operating income covered interest expense 1.9× in the latest year.
Shareholder returns
Dividends have been paid for 12 consecutive years, consuming 39.6% of earnings.
The dividend has grown 25.1% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.3B
$34M
12.6%
8.5%
-$17M
—
$100M
2024
$1.2B
$44M
18.0%
13.1%
-$63M
—
$78M
2023
$965M
$63M
16.1%
10.0%
$75M
—
$89M
2022
$770M
$67M
13.2%
9.2%
$58M
$379M
$69M
2021
$654M
$51M
13.8%
8.4%
$53M
$326M
$17M
2020
$498M
$49M
18.5%
13.5%
$29M
$358M
$43M
2019
$719M
$37M
13.4%
8.2%
$918000
$332M
$6M
2018
$410M
$15M
16.8%
7.3%
$28M
$296M
$20M
2017
$293M
$5M
13.6%
4.6%
-$4M
$70M
$8M
2016
—
-$445000
—
—
$13M
$39M
$14M
2015
—
-$7M
—
—
—
$48M
$32M
2014
—
-$1M
—
—
—
$64M
$956000
2013
—
$69M
—
—
—
$90M
$14M
2013
—
-$1M
—
—
—
$312M
$598000
2012
—
-$14M
—
—
—
$337M
$1M
Valuation over time
How the market has priced NOA against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 8.0× (Mar '23) to 13.1× (Jun '26).
The price-to-sales ratio has fallen from 0.7× (Mar '23) to 0.3× (Jun '26).
The dividend yield has risen from 1.4% (Mar '23) to 3.0% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is NOA growing its revenue and profit?
Over the past 5 years, North American Construction Group Ltd.'s revenue has grown 20.8% per year, and net income declined 7.2% per year. These are computed facts, not advice.
How much debt does NOA have?
As of FY2025, North American Construction Group Ltd. reported — of total debt against $100M of cash; operating income covered interest expense 1.9×.
What is NOA's profit margin?
In FY2025, gross margin was 12.6%, operating margin 8.5%, and net margin 2.6%.
What is NOA's P/E ratio?
As of Jun '26, North American Construction Group Ltd. traded at a price-to-earnings ratio of about 13.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.