North American Construction Group Ltd. (NOA)

Revenue by Geography

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Mar 31, 2026	Dec 31, 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	717.10M	689.99M	590.90M
Australia Revenue Growth	3.93%	16.77%	289.29%
Canada Revenue	539.57M	588.86M	566.67M
Canada Revenue Growth	-8.37%	3.92%	-29.43%
United States Revenue	6.01M	5.45M	8.22M
United States Revenue Growth	10.38%	-33.72%	-17.49%
Revenue (Other)	3.00K	-1.00K	3.00K
Revenue (Total)	1.26B	1.28B	1.17B
Revenue (Total) Growth	-1.68%	10.17%	20.85%

Revenue Breakdown

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Mar 31, 2026	Dec 31, 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	717.73M	690.23M	590.90M
Heavy Equipment–Australia Revenue Growth	3.98%	16.81%	272.55%
Heavy Equipment–Canada Revenue	532.62M	579.12M	555.30M
Heavy Equipment–Canada Revenue Growth	-8.03%	4.29%	-27.59%
Other Segment Revenue	16.04M	21.35M	47.20M
Other Segment Revenue Growth	-24.84%	-54.77%	-0.47%
Eliminations From Revenue	-3.72M	-6.40M	-27.61M
Revenue (Other)	3.00K	-1.00K	3.00K
Revenue (Total)	1.26B	1.28B	1.17B
Revenue (Total) Growth	-1.68%	10.17%	20.85%

Revenue Breakdown 2

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Mar 31, 2026	Dec 31, 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	1.14B	1.16B	1.12B
Operations Support Services Revenue Growth	-1.70%	3.65%	26.48%
Construction Services Revenue	93.77M	88.62M	3.66M
Construction Services Revenue Growth	5.81%	2320.60%	-70.56%
Equipment and Component Sales Revenue	26.00M	32.99M	40.32M
Equipment and Component Sales Revenue Growth	-21.19%	-18.20%	-38.23%
Revenue (Total)	1.26B	1.28B	1.17B
Revenue (Total) Growth	-1.68%	10.17%	20.85%

Revenue Breakdown 3

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Mar 31, 2026	Dec 31, 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	1.07B	1.09B	1.03B
Time-and-Materials Revenue Growth	-1.36%	6.09%	75.97%
Unit-Price Revenue	183.01M	187.83M	125.73M
Unit-Price Revenue Growth	-2.57%	49.40%	-65.46%
Lump-Sum Revenue	6.01M	7.98M	14.03M
Lump-Sum Revenue Growth	-24.64%	-43.16%	-20.42%
Revenue (Total)	1.26B	1.28B	1.17B
Revenue (Total) Growth	-1.68%	10.17%	20.85%

Gross Profit

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Mar 31, 2026	Dec 31, 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	120.56M	115.10M	132.22M
Heavy Equipment–Australia Gross Profit Growth	4.75%	-12.95%	225.61%
Heavy Equipment–Canada Gross Profit	41.38M	38.59M	67.38M
Heavy Equipment–Canada Gross Profit Growth	7.24%	-42.74%	-35.69%
Other Segment Gross Profit	6.23M	6.61M	9.89M
Other Segment Gross Profit Growth	-5.79%	-33.16%	-17.46%
Eliminations From Gross Profit	-960.00K	1.99M	485.00K
Eliminations From Gross Profit Growth	-	310.31%	-
Gross Profit (Total)	167.21M	162.28M	209.98M
Gross Profit (Total) Growth	3.03%	-22.71%	35.62%

Capital Expenditures

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Mar 31, 2026	Dec 31, 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	192.88M	209.06M	195.89M
Heavy Equipment–Australia Capital Expenditures Growth	-7.74%	6.72%	247.53%
Heavy Equipment–Canada Capital Expenditures	43.82M	72.04M	107.87M
Heavy Equipment–Canada Capital Expenditures Growth	-39.18%	-33.22%	-26.34%

Key Performance Indicators

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Mar 31, 2026	Dec 31, 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	1.26K	1.26K	1.14K
Heavy Equipment Fleet Growth	-0.16%	10.75%	-2.15%
Heavy Equipment–Canada Utilization	-	-	51.00%
Backlog	2.87B	2.81B	3.12B
Backlog Growth	2.10%	-9.73%	41.99%
Combined Backlog	3.91B	3.04B	3.52B
Combined Backlog Growth	28.52%	-13.51%	28.91%

Updated May 13, 2026. Data Source: Fiscal.ai.