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North American Construction Group ( (TSE:NOA) ) has provided an update.
North American Construction Group Ltd. announced its financial results for the third quarter ended September 30, 2025, reporting a 6% increase in combined revenue to $390.8 million, driven by contract wins and growth in its Heavy Equipment – Australia segment. Despite a decrease in gross profit and adjusted EPS compared to the previous year, the company saw improvements in free cash flow and maintained strong operational performance, particularly in Australia. The company is strategically reallocating assets to meet demand in Australia and exploring new opportunities in Canada and the US, while also focusing on cost reductions and fleet optimization in its Canadian operations.
The most recent analyst rating on (TSE:NOA) stock is a Hold with a C$22.00 price target. To see the full list of analyst forecasts on North American Construction Group stock, see the TSE:NOA Stock Forecast page.
Spark’s Take on TSE:NOA Stock
According to Spark, TipRanks’ AI Analyst, TSE:NOA is a Neutral.
The overall stock score reflects a balanced view of North American Construction Group’s strengths and challenges. Strong financial performance and technical indicators are offset by high leverage and cash flow concerns. The company’s optimistic outlook and strategic contract wins provide a positive long-term perspective.
To see Spark’s full report on TSE:NOA stock, click here.
More about North American Construction Group
North American Construction Group Ltd. operates in the heavy construction and mining services industry, primarily focusing on providing services related to heavy equipment and infrastructure projects. The company is known for its operations in Canada and Australia, with a market focus on sectors such as oil sands, coal, and infrastructure development.
Average Trading Volume: 139,557
Technical Sentiment Signal: Sell
Current Market Cap: C$560M
See more data about NOA stock on TipRanks’ Stock Analysis page.

