# North American Construction Group Ltd.: overview

NOA · NYSE · CIK 1368519 · [Energy](/sectors/energy.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/noa.md) · [Financials](/companies/noa/financials.md) · [Filings](/companies/noa/filings.md) · [Insiders](/companies/noa/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

Not reported.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [654](/filings/0001368519-23-000006.md) | [770](/filings/0001368519-24-000005.md) | [965](/filings/0001368519-25-000007.md) | [1,166](/filings/0001368519-26-000005.md) | [1,284](/filings/0001368519-26-000005.md) |
| Gross margin | % | [13.8%](/filings/0001368519-23-000006.md) | [13.2%](/filings/0001368519-24-000005.md) | [16.1%](/filings/0001368519-25-000007.md) | [18.0%](/filings/0001368519-26-000005.md) | [12.6%](/filings/0001368519-26-000005.md) |
| Operating margin | % | [8.4%](/filings/0001368519-23-000006.md) | [9.2%](/filings/0001368519-24-000005.md) | [10.0%](/filings/0001368519-25-000007.md) | [13.1%](/filings/0001368519-26-000005.md) | [8.5%](/filings/0001368519-26-000005.md) |
| Net margin | % | [7.9%](/filings/0001368519-23-000006.md) | [8.8%](/filings/0001368519-24-000005.md) | [6.5%](/filings/0001368519-25-000007.md) | [3.8%](/filings/0001368519-26-000005.md) | [2.6%](/filings/0001368519-26-000005.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | [52.6](/filings/0001368519-23-000006.md) | [57.7](/filings/0001368519-24-000005.md) | [75.3](/filings/0001368519-25-000007.md) | [(62.5)](/filings/0001368519-26-000005.md) | [(17.0)](/filings/0001368519-26-000005.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/noa/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BANK OF MONTREAL /CAN/](/funds/927971.md) | 2026-06-30 | $18.9m | 1,420,790 |  | Reduced −1,470,906 |
| [NATIONAL BANK OF CANADA /FI/](/funds/926171.md) | 2026-06-30 | $18.6m | 1,396,384 |  | Added +44,419 |
| [CIBC Asset Management Inc](/funds/1021926.md) | 2026-06-30 | $18.2m | 1,354,606 |  | Reduced −107,262 |
| [AEGIS FINANCIAL CORP](/funds/1140753.md) | 2026-06-30 | $13.8m | 1,038,177 |  | Unchanged |
| [CANNELL CAPITAL LLC](/funds/1058854.md) | 2026-06-30 | $10.4m | 783,691 |  | Reduced −179,040 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $10.2m | 766,612 |  | Added +574,673 |
| [ARROWSTREET CAPITAL, LIMITED PARTNERSHIP](/funds/1164508.md) | 2026-06-30 | $8.9m | 672,043 |  | Added +269,630 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $8.4m | 635,087 |  | Added +43,178 |
| [Connor, Clark & Lunn Investment Management Ltd.](/funds/1596800.md) | 2026-06-30 | $8.0m | 604,396 |  | Added +16,956 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $5.9m | 442,851 |  | Added +190,512 |

## Recent filings

[All 526 filings](/companies/noa/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-11 | 18:15 ET | [6-K](/filings/0001171843-26-005983.md) | Report of a foreign private issuer, period 2026-09-10 | 0001171843-26-005983 |
| 2026-08-12 | 17:09 ET | [6-K](/filings/0001368519-26-000013.md) | Report of a foreign private issuer, period 2026-06-30 | 0001368519-26-000013 |
| 2026-07-21 | 08:05 ET | [6-K](/filings/0001171843-26-004790.md) | Report of a foreign private issuer, period 2026-07-21 | 0001171843-26-004790 |
| 2026-07-21 | 18:42 ET | [6-K](/filings/0001171843-26-004785.md) | Report of a foreign private issuer, period 2026-07-20 | 0001171843-26-004785 |
| 2026-07-08 | 17:05 ET | [6-K](/filings/0001171843-26-004540.md) | Report of a foreign private issuer, period 2026-07-08 | 0001171843-26-004540 |
| 2026-06-16 | 17:05 ET | [6-K](/filings/0001171843-26-004152.md) | Report of a foreign private issuer, period 2026-06-16 | 0001171843-26-004152 |
| 2026-06-10 | 17:05 ET | [6-K](/filings/0001171843-26-004038.md) | Report of a foreign private issuer, period 2026-06-10 | 0001171843-26-004038 |
| 2026-05-21 | 17:05 ET | [6-K](/filings/0001171843-26-003623.md) | Report of a foreign private issuer, period 2026-05-21 | 0001171843-26-003623 |
| 2026-05-13 | 17:07 ET | [6-K](/filings/0001368519-26-000009.md) | Report of a foreign private issuer, period 2026-03-31 | 0001368519-26-000009 |
| 2026-04-27 | 17:10 ET | [6-K](/filings/0001171843-26-002736.md) | Report of a foreign private issuer, period 2026-04-27 | 0001171843-26-002736 |

## Latest annual report

[Form 40-F for the fiscal year ended Dec 31, 2025](/filings/0001368519-26-000005.md), filed Mar 12, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1368519
- Tickers: NOA
- Exchange: NYSE
- SIC code: 1389 Oil & Gas Field Services, NEC
- State of incorporation: A0
- Filer category: Non-accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 17:15 ET. No prices; not investment advice.
