olivLaw · US equity research
North American Construction Group Ltd. NOA
Oil & Gas Field Services, NEC · SIC 1389 · Vertical: Oil & Gas Field Services, NEC (SIC 1389)
North American Construction Group Ltd. is a contractor providing earthworks and site services to the natural resources sector, with its activity centred on construction and mining support. Its annual report for fiscal 2025 provides the official framework within which investors can assess the company after a busy year. The available text, however, does not contain revenue or profit figures.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, North American Construction Group Ltd. (NOA) stock was 11.43 USD (−3.14% on the day), with beta 0.96, 52-week range 11.19–16.88 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 39.8
- weak (30–45)
- Bollinger (20, 2)
- 11.02 – 12.51
- in the lower half of the band · %B 0.27 · band width 12.6%
- SMA 50 / 200
- 12.42 / 13.91
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.14 / -0.18
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −6.7% | −1.1% | −5.6 pp | — |
| 3 months | −20.2% | −0.5% | −19.7 pp | — |
| 6 months | −21.7% | +4.4% | −26.1 pp | — |
| Year to date | −20.5% | +12.3% | −32.8 pp | — |
| 1 year | −19.3% | +13.5% | −32.9 pp | +10.9% |
| 3 years | −46.6% | +76.4% | −123.0 pp | −29.5% |
| 5 years | −29.8% | +63.7% | −93.5 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
the price (USD) and the reports are in different currencies
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 410.1 m | 719.1 m | 498.5 m | 654.1 m | 769.5 m | 964.7 m | 1.2 bn | 1.3 bn |
| Revenue YoY | +40.2% | +75.4% | −30.7% | +31.2% | +17.6% | +25.4% | +20.8% | +10.2% |
| Net income | 15.3 m | 36.9 m | 49.2 m | 51.4 m | 67.4 m | 63.1 m | 44.0 m | 33.8 m |
| Net income YoY | +190.4% | +141.3% | +33.4% | +4.5% | +31.1% | −6.3% | −30.3% | −23.1% |
| Diluted EPS | 0.54 | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS YoY | +200.0% | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | 3.7% | 5.1% | 9.9% | 7.9% | 8.8% | 6.5% | 3.8% | 2.6% |
| Free cash flow | 28.3 m | 918.0 k | 29.5 m | 52.6 m | 57.7 m | 75.3 m | -62.5 m | -17.0 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 100.1 m CAD
- Financial debt
- 160.6 m CAD
- Net debt
- 60.4 m CAD
- Equity
- 456.6 m CAD
- Total assets
- 1.8 bn CAD
- Debt / equity
- 0.35x
- Current ratio
- 0.88x
- ROE
- 8.0%
- ROA
- 1.9%
- FCF margin
- -1.3%
Financial statements (source on every figure)
Revenue and net income (CAD)
Margins
Income statement · CAD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 498.5 m | 654.1 m | 769.5 m | 964.7 m | 1.2 bn | 1.3 bn | SEC (XBRL)· 12 Mar 2026verified |
| Cost of revenue | — | 455.7 m | 548.7 m | 678.5 m | 770.8 m | 904.8 m | SEC (XBRL)· 12 Mar 2026verified |
| Gross profit | 92.2 m | 90.4 m | 101.5 m | 154.8 m | 210.0 m | 162.3 m | SEC (XBRL)· 12 Mar 2026verified |
| Operating income | 67.1 m | 55.1 m | 71.2 m | 96.3 m | 153.3 m | 109.2 m | SEC (XBRL)· 12 Mar 2026verified |
| Interest expense | 18.8 m | 19.1 m | 24.5 m | 36.9 m | 59.3 m | 58.9 m | SEC (XBRL)· 12 Mar 2026verified |
| Pre-tax income | 60.5 m | 60.7 m | 84.4 m | 86.0 m | 60.0 m | 56.5 m | SEC (XBRL)· 12 Mar 2026verified |
| Income tax | 11.3 m | 9.3 m | 17.1 m | 22.8 m | 16.0 m | 22.6 m | SEC (XBRL)· 12 Mar 2026verified |
| Net income | 49.2 m | 51.4 m | 67.4 m | 63.1 m | 44.0 m | 33.8 m | SEC (XBRL)· 12 Mar 2026verified |
| Weighted average diluted shares | 32.3 m | 33.9 m | 34.0 m | 33.0 m | 33.1 m | 32.3 m | SEC (XBRL)· 12 Mar 2026verified |
| Dividend per share | 0.16 | 0.16 | 0.32 | 0.40 | 0.38 | 0.46 | SEC (XBRL)· 12 Mar 2026derived |
Balance sheet · CAD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 43.4 m | 16.6 m | 69.1 m | 88.6 m | 77.9 m | 100.1 m | SEC (XBRL)· 12 Mar 2026verified |
| Receivables | 23.7 m | 52.2 m | 40.0 m | 65.7 m | 70.2 m | 54.9 m | SEC (XBRL)· 12 Mar 2026verified |
| Inventories | 19.2 m | 44.5 m | 49.9 m | 65.0 m | 69.0 m | 75.7 m | SEC (XBRL)· 12 Mar 2026verified |
| Current assets | 119.3 m | 147.2 m | 230.4 m | 295.2 m | 325.5 m | 362.2 m | SEC (XBRL)· 12 Mar 2026verified |
| Property, plant & equipment, net | 516.3 m | 540.8 m | 568.6 m | 1.1 bn | 1.2 bn | 1.3 bn | SEC (XBRL)· 12 Mar 2026verified |
| Goodwill | — | 543.0 k | 543.0 k | 526.0 k | 520.0 k | 535.0 k | SEC (XBRL)· 12 Mar 2026verified |
| Intangibles (excl. goodwill) | — | 3.9 m | 6.8 m | 7.0 m | 9.9 m | 12.3 m | SEC (XBRL)· 12 Mar 2026verified |
| Total assets | 839.1 m | 869.3 m | 979.5 m | 1.5 bn | 1.7 bn | 1.8 bn | SEC (XBRL)· 12 Mar 2026verified |
| Accounts payable | 41.4 m | 76.3 m | 102.5 m | 146.2 m | 110.8 m | 102.1 m | SEC (XBRL)· 12 Mar 2026verified |
| Short-term debt | 16.3 m | 19.7 m | 20.6 m | 81.3 m | 84.2 m | 160.6 m | SEC (XBRL)· 12 Mar 2026verified |
| Long-term debt | 341.4 m | 306.0 m | 358.1 m | — | — | — | SEC (XBRL)· 15 Feb 2023verified |
| Current liabilities | 109.5 m | 161.0 m | 192.3 m | 324.0 m | 316.0 m | 410.9 m | SEC (XBRL)· 12 Mar 2026verified |
| Total liabilities | 590.6 m | 590.8 m | 673.6 m | 1.2 bn | 1.3 bn | 1.4 bn | SEC (XBRL)· 12 Mar 2026verified |
| Equity | 248.4 m | 278.5 m † | 305.9 m † | 356.9 m † | 389.0 m † | 456.6 m † | SEC (XBRL)· 12 Mar 2026verified |
| Shares outstanding at year end | 31.0 m | 30.0 m | 27.8 m | 27.8 m | 27.7 m | 28.8 m | SEC (XBRL)· 12 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · CAD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 146.6 m | 165.2 m | 169.2 m | 278.1 m | 241.2 m | 264.1 m | SEC (XBRL)· 12 Mar 2026verified |
| Capex | 117.1 m | 112.6 m | 111.5 m | 202.8 m | 303.8 m | 281.1 m | SEC (XBRL)· 12 Mar 2026verified |
| Free cash flow | 29.5 m ≈ | 52.6 m ≈ | 57.7 m ≈ | 75.3 m ≈ | -62.5 m ≈ | -17.0 m ≈ | SEC (XBRL)· 12 Mar 2026derived |
| Investing cash flow | -112.8 m | -99.3 m | -97.5 m | -244.9 m | -298.3 m | -264.8 m | SEC (XBRL)· 12 Mar 2026verified |
| Financing cash flow | 4.5 m | -92.8 m | -19.5 m | -7.7 m | 46.0 m | 21.6 m | SEC (XBRL)· 12 Mar 2026verified |
| Dividends paid | 4.4 m | 4.4 m | 7.8 m | 10.0 m | 10.6 m | 13.4 m | SEC (XBRL)· 12 Mar 2026verified |
| Share repurchases | 9.1 m | 16.5 m | 34.1 m | 0 | 4.3 m | 38.4 m | SEC (XBRL)· 12 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 41.7% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Price and reporting are in different currencies; market indicators are unavailable.
Key indicators
Coverage and freshness
Score by group
42% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 41.7% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 14.3% | 83 (vs peers) | 25% |
| Net margin · Quality | 2.6% | 56 (vs peers) | 15% |
| FCF conversion · Quality | -50.3% | 0 (on a fixed band) | 15% |
| Revenue CAGR 3Y · Growth | 18.6% | 100 (on a fixed band) | 20% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 1.9x | 5 (on a fixed band) | 15% |
| Current ratio · Balance sheet | 0.9x | 7 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet6/100 · 2/3 factors with a value
- Growth· partial100/100 · 1/2 factors with a value
- Quality53/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
North American Construction Group Ltd. (NOA). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 1.3 bn CAD in 2025; YoY growth 10.2%; net margin 2.6%; ROE 8.0%.
The estimated value range is 10.99–16.41 CAD per share (median of 2 methods, agreement: low); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 41.7% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 14.3%
- Revenue CAGR 3Y: 18.6%
What contradicts it
- FCF conversion: -50.3%
- Interest coverage: 1.9x
- Current ratio: 0.9x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Oil & Gas Field Services, NEC (SIC 1389) · same industry (4-digit SIC) · compared with 18 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| SLBSlb Limited | 76.1 bn | 25.1 | 12.0% | 8.4% | −1.6% | +42% / −1% |
| HALHalliburton Company | 27.3 bn | 13.8 | 18.8% | 8.9% | −3.3% | +26% / −11% |
| OIIOceaneering International Inc | 3.6 bn | 11.0 | 31.1% | 11.4% | +4.6% | +49% / +76% |
| NESRNational Energy Services Reunited Corp. | 2.2 bn | 23.2 | 9.4% | 5.8% | +1.7% | +54% / unavailable |
| RESRpc, Inc. | 1.3 bn | — | -3.0% | -1.8% | +15.0% | +11% / −19% |
| HOSHornbeck Offshore Services, Inc. | 904.9 m | 23.0 | 2.5% | 3.0% | −4.9% | −8% / −34% |
| PUMPProPetro Holding Corp. | 788.8 m | — | 0.2% | 0.2% | −12.1% | −33% / −30% |
| ACDCProFrac Holding Corp. | 723.0 m | — | -57.4% | -22.8% | −11.4% | +12% / −51% |
| WTTRSelect Water Solutions, Inc. | 681.6 m | 21.3 | 3.5% | 2.2% | −3.1% | +67% / +127% |
| CLBCore Laboratories Inc. | 442.2 m | 28.6 | 5.7% | 3.0% | +0.5% | −36% / −46% |
| NGSNatural Gas Services Group, Inc. | 373.4 m | 18.0 | 7.3% | 10.8% | +9.9% | −7% / +89% |
| TUSKMammoth Energy Services, Inc. | 145.3 m | 10.3 | 5.3% | 17.1% | −2.9% | +64% / −32% |
| NINENine Energy Service, Inc. | 101.3 m | — | -214.6% | -9.1% | +1.4% | unavailable / unavailable |
| KLXEKLX Energy Services Holdings, Inc. | 21.5 m | — | — | -9.7% | −10.2% | −39% / −89% |
| RCONRecon Technology, Ltd | 8.9 m | — | -5.9% | -27.0% | +75.0% | −100% / −100% |
| WBIWaterBridge Infrastructure LLC | — | 434.0 | 0.5% | 0.5% | +66.2% | +14% / unavailable |
| LBRTLiberty Energy Inc. | — | 54.2 | 2.0% | 0.9% | −7.2% | −26% / −34% |
| NOANorth American Construction Group Ltd. | — | — | 8.0% | 2.6% | +10.2% | −19% / −47% |
| RNGRRanger Energy Services, Inc. | — | 21.6 | 5.1% | 2.6% | −4.2% | +0% / +39% |
1- and 3-year price returns: for NOA from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 12 Mar 2026; since then the company filed 6-K (04 Nov 2026), 6-K (27 Oct 2026), 6-K (11 Sept 2026), 6-K (12 Aug 2026), 6-K (21 Jul 2026).
In brief
North American Construction Group Ltd. is a contractor providing earthworks and site services to the natural resources sector, with its activity centred on construction and mining support. Its annual report for fiscal 2025 provides the official framework within which investors can assess the company after a busy year. The available text, however, does not contain revenue or profit figures.
SWOT
Strengths
- The company is listed on a major exchange and reports under SEC rules, which provides transparency. The financial statements are audited by an international firm. The governance structure includes financial experts on the audit committee.
- There is a code of conduct applicable to all employees and a compensation recovery policy. These mechanisms support internal control. The documentation is complete and provided through references to exhibits.
- The company declares no off-balance sheet arrangements. This simplifies assessment of financial exposure. The structure of the reporting is clear for investors.
Weaknesses
- The available text provides no figures on revenue, profit or margins, which limits the analysis. Reliance on exhibits makes the document hard to assess briefly. The lack of segment detail is a limitation.
- Activity depends on demand from the extractive industry, which can be cyclical. Concentration in a single sector can increase sensitivity to change. This risk cannot be quantified from the documents given.
- The company needed a compensation recovery mechanism, which suggests attention to error control. The text does not detail the incidents that led to this policy.
Opportunities
- If resource projects expand, the company could win new earthworks and maintenance contracts. Transparent reporting can help attract investors. Diversifying clients could reduce dependence on one sector.
- Modernising equipment and processes could improve efficiency. This is not detailed in the report but could open new opportunities. Developing services for existing clients is a possible direction.
- Capital markets and demand trends may offer financing opportunities. If performance is solid, the company could access additional resources. These scenarios depend on external conditions.
Threats
- A decline in investment in natural resources could reduce contracted volumes. Pressure on commodity prices may affect client decisions. These external factors are hard to control.
- Rising costs of labour and equipment could squeeze margins. Price-based competition may limit the ability to pass costs on. Cost risks are persistent in the industry.
- Regulatory changes and reporting requirements may raise administrative costs. Errors in financial statements could bring consequences. Compliance remains a sensitive area.
Risks
- Dependence on resource-sector demandhigh
The company's activity is tied to client investment in the extractive industry. If these investments fall, work volumes could decline. The documents do not quantify the exposure.
- Margin pressuremedium
Personnel and equipment costs may rise faster than contracted rates. This could reduce profitability. The report does not provide margin data.
- Errors in financial statementsmedium
The existence of a compensation recovery policy suggests errors can carry consequences. If internal control weakened, corrections could affect investor confidence. The risk is managed but present.
- Regulatory compliancelow
US-listed companies must meet strict reporting and governance requirements. Non-compliance could bring sanctions. The company declares compliance with NYSE rules, but the risk remains.
- Dependence on skilled workforcemedium
Construction and mining operations require specialised personnel. If the labour market tightens, costs could rise. The documents do not detail this aspect.
Investment thesis
What would need to be true (bull case)
- If resource projects are sustained, demand for construction services could support the company's revenue. Audited reporting and solid governance may strengthen investor confidence.
- The absence of off-balance sheet arrangements simplifies assessment of financial risk. If margins stabilise, the company could convert activity into profit more efficiently.
- A listing on a US exchange and compliance with the SEC framework may facilitate access to capital. This could support growth plans.
What would break the thesis
- Dependence on a cyclical sector could expose the company to sudden drops in demand. If client investment slows, contracted volumes could decline.
- Pressure from labour and equipment costs could reduce margins. The documents do not show whether these costs can be fully passed on to clients.
- The existence of a compensation recovery policy points to attention to errors. If significant corrections emerge, confidence in reporting could be affected.
What to watch
- Revenue and margins in the audited financial statements2025
- Development of the contract backlog in the quarterly reportQ1 2026
- Any corrections or changes to the financial statements2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 12 Mar 2026; since then the company filed 6-K (04 Nov 2026), 6-K (27 Oct 2026), 6-K (11 Sept 2026), 6-K (12 Aug 2026), 6-K (21 Jul 2026).
The business
According to the Form 40-F filed for the year ended December 31, 2025, the company is listed on the New York Stock Exchange and reports under the official US regulatory framework. The documentation includes the annual information form, audited financial statements and management's discussion and analysis, all incorporated by reference. The auditor is KPMG LLP of Edmonton, Canada.
The governance structure includes an audit committee whose chairman and one member are designated as financial experts under SEC rules. The company has adopted a code of conduct applicable to all employees, including the chief executive and chief financial officer. These elements show an internal control framework that the external firm has audited.
The report also mentions an executive compensation recovery policy attached to the form, indicating a correction mechanism for errors in the financial statements. Management is represented by the chief executive, who signed the report. Operational and segment details must be sought in the Form 40-F exhibits, which are not reproduced in full in the available text.
Segments
Operating activity
The available source text does not detail the company's operating segments or the figures attached to them. Information on construction and mining operations is included in the annual information form and management's discussion, documents to which the report refers. A segment analysis would require these exhibits.
Financial statements
The audited consolidated financial statements for fiscal 2025 are attached as an exhibit and include the balance sheet, income statement, changes in equity and cash flows. These data do not appear in the text provided, so no concrete figures can be cited. If the exhibits are available, they would allow a more precise assessment of performance.
Contractual obligations
The report refers to the section on contractual obligations and other commitments in management's discussion. The company states that it has no off-balance sheet arrangements. Details of financial commitments are available in the management's discussion exhibit.
Market context
The available sources do not describe the size of the market for construction and mining services. The company operates in the natural resources sector, where demand depends on investment levels in extractive industries. Additional sources outside this filing would be needed for a market estimate.
The market environment is influenced by commodity prices and by investment decisions of industry clients. The report does not provide data on the company's market share. The analysis should be supplemented with information from the company's quarterly releases.
Trends
- Capital discipline in extractive industriesmixed
If resource-sector clients continue to limit capital spending, demand for construction services could remain below earlier levels. This cannot be confirmed from the documents available. The effect would be negative for contracted volumes.
- Demand for resource infrastructure and miningtailwind
Resource development projects could support demand for earthworks and maintenance services. The report does not quantify these projects. The effect depends on the timing of client investments.
- Labour and equipment costsheadwind
Rising costs for personnel and heavy equipment could compress margins if they cannot be passed on to clients. The available documents do not detail this pressure. The effect is potentially negative.
- Compliance and governancemixed
Higher reporting and internal control requirements, including external audit, could add administrative costs. On the other hand, they support the credibility of financial information. The effect is mixed.
Competitive position
The source text does not explicitly identify the company's competitors. Providers of construction and mining services in the natural resources sector generally compete on price, capacity and experience. The report does not offer a direct comparison with other market participants.
The competitive position cannot be assessed from the documents provided. A comparative analysis would require data on market shares and on the performance of other providers. These are not included in the Form 40-F.
- Construction service providers for mining
The source text does not name specific competitors. The category includes firms offering earthworks and maintenance to natural resource operators.
- Natural resources contracting services firms
No competitor names appear in the documents provided. A comparison would require additional sources.
- Earthworks service operators
Competition in this segment is not detailed in the report. Identifying players requires consulting other sources.
- International equipment and services providers
The report does not mention such firms. This group is presented only as a possible category of competition.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)04 Nov 2026
- Current report (foreign issuer)27 Oct 2026
- Current report (foreign issuer)11 Sept 2026
- Current report (foreign issuer)12 Aug 2026
- Current report (foreign issuer)21 Jul 2026
- Current report (foreign issuer)21 Jul 2026
- Current report (foreign issuer)08 Jul 2026
- Current report (foreign issuer)16 Jun 2026
- Current report (foreign issuer)10 Jun 2026
- Current report (foreign issuer)21 May 2026
Sources
- [1] Form 40-F, fiscal year ended 2025-12-31 · SEC / North American Construction Group Ltd. · 12 Mar 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.