North American Construction Group Ltd. (NOA)

NOA Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,254	1,166	964.68	769.54	654.14	498.47
Revenue Growth (YoY)	14.15%	20.85%	25.36%	17.64%	31.23%	-30.68%
Cost of Revenue	883.1	789.06	678.53	548.72	468.2	342.63
Gross Profit	370.81	376.73	286.15	220.82	185.94	155.84
Selling, General & Admin	51.23	55.95	56.84	29.76	36.13	27.32
Operating Expenses	242.6	222.63	188.16	149.03	144.15	116.1
Operating Income	128.22	154.1	97.99	71.79	41.8	39.74
Interest Expense	-57.04	-59.34	-36.95	-24.54	-19.09	-18.84
Interest & Investment Income	-	-	-	-	0.06	0.18
Earnings From Equity Investments	8.33	15.3	25.2	37.05	21.86	7.74
Other Non Operating Income (Expenses)	-3.44	3.95	6.06	0.78	2.74	4.27
EBT Excluding Unusual Items	76.07	114.01	92.3	85.08	47.36	33.09
Merger & Restructuring Charges	-	-	-	-0.1	-	-
Gain (Loss) on Sale of Assets	0.61	-0.77	-1.66	-0.54	0.09	-0.66
Other Unusual Items	-26.04	-53.21	-4.68	-	13.24	28.04
Pretax Income	50.64	60.04	85.96	84.45	60.69	60.47
Income Tax Expense	16.15	15.95	22.82	17.07	9.29	11.26
Earnings From Continuing Operations	34.48	44.09	63.14	67.37	51.41	49.21
Net Income to Company	34.48	44.09	63.14	67.37	51.41	49.21
Net Income	34.48	44.09	63.14	67.37	51.41	49.21
Net Income to Common	34.48	44.09	63.14	67.37	51.41	49.21
Net Income Growth	-37.35%	-30.18%	-6.28%	31.05%	4.47%	33.43%
Shares Outstanding (Basic)	28	27	27	27	28	28
Shares Outstanding (Diluted)	33	33	33	34	34	32
Shares Change (YoY)	-0.38%	0.08%	-2.88%	0.18%	5.10%	-1.65%
EPS (Basic)	1.24	1.65	2.38	2.46	1.81	1.75
EPS (Diluted)	1.19	1.52	2.09	2.15	1.64	1.60
EPS Growth	-35.45%	-27.54%	-2.93%	31.03%	2.97%	29.59%
Free Cash Flow	-43.19	-62.54	75.28	57.7	52.62	29.48
Free Cash Flow Per Share	-1.31	-1.89	2.28	1.70	1.55	0.91
Dividend Per Share	0.460	0.420	0.400	0.320	0.160	0.160
Dividend Growth	15.00%	5.00%	25.00%	100.00%	-	33.33%
Gross Margin	29.57%	32.32%	29.66%	28.69%	28.43%	31.26%
Operating Margin	10.22%	13.22%	10.16%	9.33%	6.39%	7.97%
Profit Margin	2.75%	3.78%	6.54%	8.76%	7.86%	9.87%
Free Cash Flow Margin	-3.45%	-5.36%	7.80%	7.50%	8.04%	5.91%
EBITDA	319.11	320.78	229.31	191.06	149.82	128.52
EBITDA Margin	25.45%	27.52%	23.77%	24.83%	22.90%	25.78%
D&A For EBITDA	190.9	166.68	131.32	119.27	108.02	88.78
EBIT	128.22	154.1	97.99	71.79	41.8	39.74
EBIT Margin	10.22%	13.22%	10.16%	9.33%	6.39%	7.97%
Effective Tax Rate	31.90%	26.57%	26.55%	20.22%	15.30%	18.63%

Updated Aug 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q