North American Construction Group Ltd. (NOA.TO)
Acheson, AB, CA
North American Construction Group Ltd. (NACG) specializes in providing heavy construction, mining, and equipment maintenance services across Canada, the United States, and Australia. Its Heavy Construction & Mining division undertakes a comprehensive range of projects, from initial constructability reviews and budgetary cost estimates to full design-build construction and project management. Specific capabilities include contract mining, pre-stripping, pit pioneering, and the removal and stockpiling of overburden and muskeg. This division also handles site preparation, air strip construction, site dewatering, perimeter ditching, constructing tailings and process pipelines, and developing haulage and access roads. Further expertise lies in tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and essential reclamation services. Complementing these operations, the Equipment Maintenance Services division offers extensive support for machinery fleets. Its services span routine tasks like fuel and lubrication, portable steaming, and detailed equipment inspections, along with the supply of necessary parts and components. More complex offerings include major overhauls and complete equipment refurbishment, on-site haul truck brake testing, and continuous on-site maintenance support. Specialized services feature undercarriage rebuilds, precision machining, hose manufacturing, and dedicated technical assistance, alongside expert welding, fabrication, repair work, weld certification, and inspection services. As of December 31, 2021, NACG maintained a substantial heavy equipment fleet comprising 632 units. The company primarily caters to clients within the resource development and industrial construction sectors. Established in 1953 and headquartered in Acheson, Canada, the company adopted its current name, North American Construction Group Ltd., in April 2018, having previously operated as North American Energy Partners Inc.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.78% | +5.10% | +9.54% | -4.24% | +11.04% | +6.38% | -11.12% | -19.15% | +25.87% | +521.89% | +13.07% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 2 | -1 |
| Buy | 3 | 0 |
| Hold | 2 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 1 | 0 |
-
Revenue growth Oil & Gas Equipment & Services: +6.7%+10.2% ★ Q1'26: -6.3% (vs Q1'25)
-
EPS growth Oil & Gas Equipment & Services: +14.3%-25.0% Q1'26: -9.5% (vs Q1'25)
-
FCF margin FCF growth · Oil & Gas Equipment & Services: +40.2%+1.9% Q1'26: -5.9% (vs Q1'25)
-
EBIT margin Oil & Gas Equipment & Services: +10.9%+8.6% Q1'26: +6.8% (vs Q1'25)
-
ROIC Oil & Gas Equipment & Services: +6.7%+5.2% Q1'26: +4.0% (vs Q1'25)
-
Share dilution Oil & Gas Equipment & Services: +0.3%-2.4% ★ Q1'26: -1.2% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Oil & Gas Equipment & Services: 0.32×2.80× Q1'26: 3.06× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2014 actual |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 4 Rev. Ana. 4 EPS Ana. |
Dec 2027 4 Rev. Ana. 5 EPS Ana. |
Dec 2028 2 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
471.78M
est: 480.96M (-1.9%)
|
281.28M
est: 291.47M (-3.5%)
|
213.18M
est: 218.41M (-2.4%)
|
292.56M
est: 287.48M (+1.8%)
|
410.06M
est: 379.68M (+8.0%)
|
719.07M
est: 730.40M (-1.6%)
|
500.37M
est: 518.11M (-3.4%)
|
654.14M
est: 675.36M (-3.1%)
|
769.54M
est: 738.90M (+4.1%)
|
957.22M
est: 1.09B (-12.3%)
|
1.17B
est: 1.16B (+0.6%)
|
1.28B
est: 1.28B (0.0%)
|
1.46B
1.45B – 1.46B
+13.3% YoY
|
1.54B
1.46B – 1.63B
+5.9% YoY
|
1.65B
1.60B – 1.70B
+6.7% YoY
|
| EBITDA |
59.27M
est: 135.42M (-56.2%)
|
42.51M
est: 19.84M (+114.3%)
|
47.97M
est: 18.92M (+153.6%)
|
57.65M
est: 47.78M (+20.7%)
|
88.40M
est: 59.67M (+48.1%)
|
163.05M
est: 137.70M (+18.4%)
|
160.35M
est: 85.95M (+86.6%)
|
186.74M
est: 111.65M (+67.2%)
|
227.18M
est: 109.23M (+108.0%)
|
252.60M
est: 293.21M (-13.9%)
|
283.06M
est: 311.53M (-9.1%)
|
329.19M
est: 345.26M (-4.7%)
|
391.17M
388.52M – 393.45M
+13.3% YoY
|
414.38M
393.22M – 438.30M
+5.9% YoY
|
442.08M
428.88M – 456.61M
+6.7% YoY
|
| EBIT |
9.91M
est: 60.61M (-83.6%)
|
477.0K
est: 6.92M (-93.1%)
|
4.91M
est: 1.74M (+182.5%)
|
13.56M
est: 5.18M (+161.8%)
|
29.64M
est: 17.71M (+67.4%)
|
60.75M
est: 57.67M (+5.3%)
|
78.22M
est: 40.92M (+91.1%)
|
78.72M
est: 53.16M (+48.1%)
|
107.91M
est: 52.01M (+107.5%)
|
121.28M
est: 124.98M (-3.0%)
|
116.38M
est: 132.79M (-12.4%)
|
110.00M
est: 147.17M (-25.3%)
|
166.74M
165.61M – 167.71M
+13.3% YoY
|
176.63M
167.61M – 186.83M
+5.9% YoY
|
188.43M
182.81M – 194.63M
+6.7% YoY
|
| Net Income |
-1.17M
est: 2.42M (-148.3%)
|
-7.47M
est: -700.6K (-966.2%)
|
-445.0K
est: -5.74M (+92.3%)
|
5.26M
est: -587.4K (+996.2%)
|
15.29M
est: 6.95M (+119.9%)
|
36.88M
est: 29.41M (+25.4%)
|
49.21M
est: 25.67M (+91.7%)
|
51.41M
est: 33.34M (+54.2%)
|
67.37M
est: 32.62M (+106.5%)
|
63.14M
est: 65.81M (-4.1%)
|
44.09M
est: 99.06M (-55.5%)
|
33.83M
est: 59.02M (-42.7%)
|
72.40M
50.49M – 81.43M
+22.7% YoY
|
83.80M
69.68M – 110.73M
+15.7% YoY
|
91.17M
87.46M – 94.88M
+8.8% YoY
|
| SGA |
33.46M
est: 23.90M (+40.0%)
|
26.30M
est: 20.06M (+31.1%)
|
27.22M
est: 20.22M (+34.6%)
|
25.30M
est: 35.93M (-29.6%)
|
38.84M
est: 33.41M (+16.3%)
|
36.93M
est: 71.39M (-48.3%)
|
24.10M
est: 25.71M (-6.2%)
|
35.37M
est: 33.39M (+5.9%)
|
29.86M
est: 32.67M (-8.6%)
|
56.84M
est: 52.25M (+8.8%)
|
55.95M
est: 55.51M (+0.8%)
|
50.33M
est: 61.52M (-18.2%)
|
69.70M
69.23M – 70.11M
+13.3% YoY
|
73.84M
70.07M – 78.10M
+5.9% YoY
|
78.77M
76.42M – 81.36M
+6.7% YoY
|
| EPS |
-0.03
est: 0.07 (-145.7%)
|
-0.23
est: -0.20 (-15.0%)
|
-0.01
est: 0.00 (-696.0%)
|
0.20
est: 0.16 (+22.4%)
|
0.49
est: 0.61 (-19.0%)
|
1.45
est: 1.61 (-10.1%)
|
1.75
est: 1.53 (+14.4%)
|
1.81
est: 1.72 (+5.3%)
|
2.46
est: 1.99 (+23.9%)
|
2.60
est: 2.04 (+27.7%)
|
1.65
est: 3.06 (-46.1%)
|
1.18
est: 1.83 (-35.4%)
|
2.19
1.56 – 2.52
+20.0% YoY
|
2.96
2.16 – 3.43
+35.2% YoY
|
2.82
2.71 – 2.94
-4.8% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-15 | B- | 3/5 | 2/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-05-14 | B- | 3/5 | 2/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-05-13 | B- | 3/5 | 2/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-05-12 | B- | 3/5 | 2/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-05-11 | B- | 3/5 | 2/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-05-08 | B | 3/5 | 2/5 | 3/5 | 3/5 | 1/5 | 3/5 | 4/5 |
| 2026-05-07 | B | 3/5 | 2/5 | 3/5 | 3/5 | 1/5 | 3/5 | 4/5 |
| 2026-05-06 | B | 3/5 | 2/5 | 3/5 | 3/5 | 1/5 | 3/5 | 4/5 |
| 2026-05-05 | B | 3/5 | 2/5 | 3/5 | 3/5 | 1/5 | 3/5 | 4/5 |
| 2026-05-04 | B | 3/5 | 2/5 | 3/5 | 3/5 | 1/5 | 3/5 | 4/5 |
| 2026-05-01 | B | 3/5 | 2/5 | 3/5 | 4/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-30 | B | 3/5 | 2/5 | 3/5 | 4/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-29 | B | 3/5 | 3/5 | 3/5 | 4/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-28 | B | 3/5 | 3/5 | 3/5 | 4/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-27 | B | 3/5 | 3/5 | 3/5 | 4/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-24 | B | 3/5 | 3/5 | 3/5 | 4/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-23 | B | 3/5 | 3/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-22 | B | 3/5 | 3/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-21 | B | 3/5 | 3/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-20 | B | 3/5 | 3/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-17 | B | 3/5 | 3/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-16 | B | 3/5 | 3/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | iShares S&P/TSX Canadian Dividend Aristocrats Index ETF CDZ.TO | 0.70% | 6.20M | 0.66% |
| 2 | iShares S&P/TSX SmallCap Index ETF XCS.TO | 0.15% | 260.0K | 0.60% |
| 3 | Avantis International Small Cap Value ETF AVDV | 0.04% | 8.08M | 0.36% |
| 4 | State Street SPDR S&P International Small Cap ETF GWX | 0.03% | 295.6K | 0.40% |
| 5 | Avantis International Small Cap Equity ETF AVDS | 0.01% | 35.5K | 0.30% |
| 6 | TD Canadian Equity Index ETF TTP.TO | 0.01% | 445.1K | 0.05% |
| 7 | Avantis Global Small Cap Value UCITS ETF AVGS.L | 0.01% | 96.0K | 0.39% |
| 8 | Dimensional - International Small Cap ETF DFIS | 0.00% | 136.5K | 0.39% |
| 9 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 273.3K | 0.28% |
| 10 | Dimensional - International Small Cap Value ETF DISV | 0.00% | 100.7K | 0.42% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Barry Wade Palmer | President, Chief Executive Officer & Director | 2M | male |
| Andre Desbiens | Managing Director of MacKellar Group | 673.3K | male |
| Thomas S. Arndell | Vice President of Asset Management | 658.4K | male |
| Jason William Veenstra | Chief Financial Officer | 553.5K | male |
| Jordan A. Slator | Chief Legal Officer & Corporate Secretary | 449.8K | male |
| David Grant Kallay | Chief People Officer | 449.3K | male |
| David Brunetta | Director of Investor Relations and Director of Finance & Information Technology | — | male |
| Craig Nauta | Vice President of Operations | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for NOA.TO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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