North American Construction Group Ltd. (TSX:NOA)

Revenue by Geography

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Australia Revenue	674.57M	590.90M	151.79M
Australia Revenue Growth	14.16%	289.29%	527.56%
Canada Revenue	605.01M	566.67M	802.93M
Canada Revenue Growth	6.77%	-29.43%	9.49%
United States Revenue	4.73M	8.22M	9.96M
United States Revenue Growth	-42.50%	-17.49%	-17.17%
Revenue (Total)	1.28B	1.17B	964.68M
Revenue (Total) Growth	10.17%	20.85%	25.36%

Revenue Breakdown

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Heavy Equipment–Australia Revenue	674.62M	590.90M	158.61M
Heavy Equipment–Australia Revenue Growth	14.17%	272.55%	416.76%
Heavy Equipment–Canada Revenue	592.73M	555.30M	766.92M
Heavy Equipment–Canada Revenue Growth	6.74%	-27.59%	8.20%
Other Segment Revenue	42.61M	47.20M	47.42M
Other Segment Revenue Growth	-9.72%	-0.47%	-16.75%
Eliminations From Revenue	-25.66M	-27.61M	-8.27M
Revenue (Total)	1.28B	1.17B	964.68M
Revenue (Total) Growth	10.17%	20.85%	25.36%

Revenue Breakdown 2

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Operations Support Services Revenue	1.18B	1.12B	886.96M
Operations Support Services Revenue Growth	5.06%	26.48%	28.78%
Construction Services Revenue	69.21M	3.66M	12.44M
Construction Services Revenue Growth	1790.36%	-70.56%	-61.23%
Equipment and Component Sales Revenue	36.51M	40.32M	65.28M
Equipment and Component Sales Revenue Growth	-9.47%	-38.23%	33.97%
Revenue (Total)	1.28B	1.17B	964.68M
Revenue (Total) Growth	10.17%	20.85%	25.36%

Revenue Breakdown 3

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Time-and-Materials Revenue	1.10B	1.03B	583.07M
Time-and-Materials Revenue Growth	6.73%	75.97%	11.39%
Unit-Price Revenue	178.28M	125.73M	363.98M
Unit-Price Revenue Growth	41.80%	-65.46%	55.52%
Lump-Sum Revenue	10.94M	14.03M	17.63M
Lump-Sum Revenue Growth	-22.04%	-20.42%	46.65%
Revenue (Total)	1.28B	1.17B	964.68M
Revenue (Total) Growth	10.17%	20.85%	25.36%

Gross Profit

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Heavy Equipment–Australia Gross Profit	112.17M	131.29M	40.61M
Heavy Equipment–Australia Gross Profit Growth	-14.56%	223.31%	504.18%
Heavy Equipment–Canada Gross Profit	44.96M	68.38M	104.78M
Heavy Equipment–Canada Gross Profit Growth	-34.26%	-34.74%	28.17%
Other Segment Gross Profit	6.91M	9.89M	11.99M
Other Segment Gross Profit Growth	-30.13%	-17.46%	-23.30%
Eliminations From Gross Profit	1.40M	485.00K	-2.54M
Eliminations From Gross Profit Growth	188.66%	-	-
Gross Profit (Other)	-1.71M	-	-
Gross Profit (Total)	163.73M	210.05M	154.83M
Gross Profit (Total) Growth	-22.05%	35.66%	52.47%

Capital Expenditures

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Heavy Equipment–Australia Capital Expenditures	181.20M	170.28M	56.37M
Heavy Equipment–Australia Capital Expenditures Growth	6.41%	202.09%	27530.88%
Heavy Equipment–Canada Capital Expenditures	129.02M	109.86M	146.44M
Heavy Equipment–Canada Capital Expenditures Growth	17.44%	-24.98%	31.58%

Key Performance Indicators

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Heavy Equipment Fleet	1.25K	1.14K	1.16K
Heavy Equipment Fleet Growth	9.69%	-2.15%	28.32%
Heavy Equipment–Canada Utilization	-	51.00%	63.00%
Backlog	3.00B	3.12B	2.19B
Backlog Growth	-3.65%	41.99%	285.79%
Combined Backlog	3.28B	3.52B	2.73B
Combined Backlog Growth	-6.96%	28.91%	112.26%

Updated Sep 30, 2025. Data Source: Fiscal.ai.