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NOA · NYSE · United States · Oil & Gas Field Services, Nec
In shortNorth American Construction Group Ltd. is profitable, burns cash and carries moderate debt, with revenue growing (+10.2% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 8.5% | 45/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 2.6% | 31/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 8.0% | 40/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 4.8% | 32/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.88× | 7/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.99× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 2.48× | 43/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 1.85× | 3/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.90 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -1.3% | 15/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -0.50× | 0/100 |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 7.9% | 82/100 |
| Operating margin volatility | 1.9% | 91/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 18.6% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | -19.1% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
CAD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 654 | 770 | 965 | 1,166 | 1,284 |
| Gross profit | 90 | 102 | 155 | 210 | 162 |
| Operating income | 55 | 71 | 96 | 153 | 109 |
| Interest expense | 19 | 25 | 37 | 59 | 59 |
| Pre-tax income | 61 | 84 | 86 | 60 | 56 |
| Income tax | 9.3 | 17 | 23 | 16 | 23 |
| Net income | 51 | 67 | 63 | 44 | 34 |
| Diluted EPS | C$1.64 | C$2.15 | C$2.09 | C$1.51 | C$1.14 |
| Diluted shares (millions) | 34 | 34 | 33 | 33 | 32 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
0.90 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 12, 2026