North American Construction Group Ltd. (NOA) — Financial statements
Income statement, balance sheet, and cash flow for North American Construction Group Ltd. — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,284↑10.2% | 1,166↑21.8% | 957↑24.4% | 770↑17.6% | 654 | |
| Cost of Revenue | 1,122↑17.4% | 956↑19.0% | 803↑20.2% | 668↑18.5% | 564 | |
| Gross Profit | 162↓22.7% | 210↑36.2% | 154↑51.9% | 102↑12.3% | 90 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 50↓10.1% | 56↓1.6% | 57↑90.4% | 30↓15.6% | 35 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 50↓10.1% | 56↓1.6% | 57↑90.4% | 30↓15.6% | 35 | |
| Other Expenses | 2↑154.9% | 0.77↓53.8% | 2↑209.5% | 0.54↑730.6% | -0.09 | |
| Operating Expenses | 52↓7.8% | 57↓3.1% | 59↑92.5% | 30↓13.9% | 35 | |
| Total Costs & Expenses | 1,174↑16.0% | 1,012↑17.5% | 862↑23.4% | 698↑16.6% | 599 | |
| Operating Results | ||||||
| Operating Income | 110↓28.3% | 153↑60.2% | 96↑34.5% | 71↑29.1% | 55 | |
| Depreciation & Amortization | 217↑30.3% | 167↑26.9% | 131↑10.1% | 119↑10.4% | 108 | |
| EBITDA | 330↑16.5% | 283↑12.1% | 253↑11.2% | 227↑21.7% | 187 | |
| EBIT | 113↓3.2% | 116↓4.0% | 121↑12.4% | 108↑37.1% | 79 | |
| Interest & Other Income | ||||||
| Net Interest Income | -56↑5.7% | -59↓60.6% | -37↓57.6% | -23↓30.5% | -18 | |
| Interest Income | 0.16↑105.4% | -3 | 0.00↓100.0% | 0.02↓61.3% | 0.06 | |
| Interest Expense | 56↓0.3% | 56↑52.5% | 37↑57.3% | 23↑30.3% | 18 | |
| Non-Operating Income | -3↓107.1% | 37↑244.6% | -26↑30.5% | -37↓55.8% | -24 | |
| Other Income / Expenses | -54↑42.6% | -93↓856.8% | -10↓173.4% | 13↑138.8% | 6 | |
| Income Before Tax | 56↓5.9% | 60↓30.2% | 86↑1.8% | 84↑39.1% | 61 | |
| Income Tax Expense | 23↑41.9% | 16↓30.1% | 23↑33.7% | 17↑83.9% | 9 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 34↓23.3% | 44↓30.2% | 63↓6.3% | 67↑31.1% | 51 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 34↓23.3% | 44↓30.2% | 63↓6.3% | 67↑31.1% | 51 | |
| Bottom-Line Net Income | 37↓26.5% | 50↓20.7% | 63↓13.8% | 73↑31.3% | 56 | |
| EPS (Basic) | 1.18↓28.5% | 1.65↓21.1% | 2.09↓15.0% | 2.46↑35.9% | 1.81 | |
| EPS (Diluted) | 1.14↓25.0% | 1.52↓20.4% | 1.91↓11.2% | 2.15↑31.1% | 1.64 | |
| Weighted Average Shares | 29↓4.0% | 30↓1.1% | 30↓11.2% | 34↑0.2% | 34 | |
| Weighted Average Diluted Shares | 32↓2.4% | 33↑0.1% | 33↓2.9% | 34↑0.2% | 34 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.