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North American Construction Group
(TSX:NOA)
North American Construction Group (NOA) vs. iShares MSCI Canada ETF (EWC)
North American Construction Group Business Overview & Revenue Model
North American Construction Group Earnings Call Summary
North American Construction Group Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.17B | 957.22M | 769.54M | 654.14M | 500.37M |
| Gross Profit | 210.05M | 154.22M | 101.55M | 90.42M | 94.38M |
| EBITDA | 283.06M | 228.69M | 191.06M | 149.81M | 160.35M |
| Net Income | 44.09M | 63.14M | 67.37M | 51.41M | 49.21M |
Balance Sheet | |||||
| Total Assets | 1.69B | 1.55B | 979.51M | 869.28M | 838.93M |
| Cash, Cash Equivalents and Short-Term Investments | 77.88M | 88.61M | 69.14M | 16.60M | 43.91M |
| Total Debt | 825.10M | 717.05M | 435.39M | 395.23M | 446.18M |
| Total Liabilities | 1.31B | 1.19B | 673.59M | 590.82M | 590.49M |
| Stockholders Equity | 388.90M | 356.65M | 305.92M | 278.46M | 248.44M |
Cash Flow | |||||
| Free Cash Flow | -66.74M | 66.90M | 53.94M | 51.39M | 29.70M |
| Operating Cash Flow | 217.61M | 270.39M | 169.20M | 165.18M | 147.27M |
| Investing Cash Flow | -274.68M | -244.88M | -97.47M | -99.27M | -113.57M |
| Financing Cash Flow | 45.98M | -7.75M | -19.49M | -92.76M | 4.67M |
North American Construction Group Technical Analysis
North American Construction Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$925.34M | 12.76 | 15.38% | 4.27% | 9.33% | -36.51% | |
72 Outperform | $1.12B | 9.26 | 18.06% | 3.80% | 9.24% | 6.35% | |
71 Outperform | C$2.17B | 12.25 | 12.48% | 0.80% | 5.92% | ― | |
68 Neutral | $577.27M | 15.54 | 8.24% | 2.48% | 14.58% | -37.71% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | C$269.69M | 27.35 | 1.53% | ― | -4.63% | -92.13% | |
39 Underperform | C$43.70M | -6.64 | -39.95% | ― | 415.42% | 55.41% |
North American Construction Group Corporate Events
North American Construction Group Ltd. has closed a private placement offering of an additional $125 million in Senior Unsecured Notes, bringing the total to $350 million. The proceeds will be used to repay existing debt and for general corporate purposes, potentially enhancing the company’s financial flexibility and market position.
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.
North American Construction Group Ltd. announced that it will release its financial results for the third quarter ended September 30, 2025, on November 12, 2025, after markets close. Following the release, a conference call and webcast will be held on November 13, 2025, to discuss the results, providing stakeholders with insights into the company’s financial performance and strategic direction.
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.
North American Construction Group Ltd. announced it will release its third-quarter financial results for 2025 on November 12, followed by a conference call and webcast on November 13. This announcement may impact stakeholders by providing insights into the company’s financial health and operational performance, potentially influencing market perceptions and investment decisions.
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.
North American Construction Group Ltd. announced a private placement offering of an additional $125 million in senior unsecured notes, adding to the $225 million issued earlier this year. The proceeds will be used to repay existing debt and for general corporate purposes, potentially strengthening the company’s financial position and operational flexibility.
The most recent analyst rating on (TSE:NOA) stock is a Hold with a C$21.00 price target. To see the full list of analyst forecasts on North American Construction Group stock, see the TSE:NOA Stock Forecast page.
The recent earnings call for North American Construction presented a mixed sentiment, highlighting both achievements and challenges. The company reported strong growth and significant contract wins in Australia, alongside a steadfast commitment to safety and operational efficiency. However, the quarter was marred by increased maintenance costs, operational disruptions, and project margin adjustments. Despite these hurdles, the company remains optimistic about its prospects for the latter half of 2025 and beyond.
North American Construction Group Ltd. is a leading provider of heavy civil construction and mining services across Australia, Canada, and the U.S., known for its extensive experience in the mining, resource, and infrastructure construction markets. In its latest earnings report for the second quarter of 2025, NACG reported a 12% increase in combined revenue to $370.6 million, although gross profit declined by 37% to $39.8 million. The company faced challenges that impacted its adjusted EPS, which dropped by 98% to $0.02, and adjusted EBITDA, which decreased by 12% to $80.1 million. Key operational highlights include a 14% revenue increase in the Heavy Equipment – Australia segment and a 20% rise in the Heavy Equipment – Canada segment, driven by expanded fleet and project ramp-ups. However, the company faced cost pressures due to subcontractor reliance and project disruptions. Despite these challenges, NACG remains optimistic about the second half of 2025, expecting consistent revenue in the oil sands sector and projecting long-term growth through ongoing Australian expansion and new infrastructure projects.
North American Construction Group Ltd. reported its financial results for the second quarter ending June 30, 2025, showing a 12% increase in combined revenue to $370.6 million, driven by strong performance in its Australian and Canadian segments. However, adjusted EBITDA and EPS fell short of expectations due to operational challenges, including labor market constraints in Australia and demand volatility in Canadian oil sands. Despite these setbacks, the company remains optimistic about its second-half performance, supported by a significant $2.0 billion contract in Queensland and ongoing strategic initiatives to enhance operational efficiency.
The most recent analyst rating on (TSE:NOA) stock is a Buy with a C$45.00 price target. To see the full list of analyst forecasts on North American Construction Group stock, see the TSE:NOA Stock Forecast page.
On August 6, 2025, North American Construction Group Ltd. announced a significant milestone with the signing of a $2.0 billion, five-year contract extension with a leading coal producer in Queensland, Australia. This contract, the largest in the company’s history, boosts NACG’s total contractual backlog to a record $4.0 billion as of March 31, 2025, providing substantial revenue visibility through 2029. The contract introduces risk and reward mechanisms to align NACG with the client’s operational goals, further solidifying its industry position and long-term growth prospects.
The most recent analyst rating on (TSE:NOA) stock is a Buy with a C$45.00 price target. To see the full list of analyst forecasts on North American Construction Group stock, see the TSE:NOA Stock Forecast page.