North American Construction Group Ltd's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), North American Construction Group Ltd reported revenue of $1.3B (+10.2% year on year) and net income of $33.8M (-23.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $957.2M | $769.5M |
| Cost of sales | $904.8M | $789.1M | $671.7M | $548.7M |
| Depreciation | $217.2M | $166.7M | $131.3M | $119.3M |
| Gross profit | $162.3M | $210.0M | $154.2M | $101.5M |
| General and administrative expenses | $50.3M | $56.0M | $56.8M | $29.9M |
| Amortization of intangible assets | $2.0M | — | — | — |
| Loss on disposal of property, plant and equipment | $822.0K | $767.0K | $1.7M | $536.0K |
| Operating income | $109.2M | $153.3M | $95.7M | $71.2M |
| Interest expense, net | $58.9M | $59.3M | $36.9M | $24.5M |
| Equity loss (earnings) in affiliates and joint ventures | $11.3M | ($15.3M) | ($25.8M) | ($37.1M) |
| Change in fair value of contingent obligations | ($26.9M) | $53.2M | $4.7M | — |
| Loss (gain) on derivative financial instruments | $9.4M | ($4.0M) | ($6.1M) | ($778.0K) |
| Income before income taxes | $56.5M | $60.0M | $86.0M | $84.4M |
| Current income tax expense (benefit) | $8.0M | ($3.3M) | $6.8M | $1.6M |
| Deferred income tax expense | $14.7M | $19.2M | $16.0M | $15.4M |
| Net income | $33.8M | $44.1M | $63.1M | $67.4M |
| Unrealized foreign currency translation (gain) loss | ($10.5M) | $683.0K | $713.0K | ($304.0K) |
| Comprehensive income | $44.3M | $43.4M | $62.4M | $67.7M |
| Basic net income per share (in CAD per share) | $1.18 | $1.65 | $2.38 | $2.46 |
| Diluted net income per share (in CAD per share) | $1.14 | $1.52 | $2.09 | $2.15 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash | $100.1M | $77.9M | $88.6M | $69.1M |
| Accounts receivable | $148.9M | $166.1M | $97.9M | $83.8M |
| Contract assets | $30.5M | $4.1M | $35.0M | $15.8M |
| Inventories | $75.7M | $74.1M | $65.0M | $49.9M |
| Prepaid expenses and deposits | $6.9M | $7.7M | $7.4M | $10.6M |
| Assets held for sale | $107.0K | $683.0K | $1.3M | $1.1M |
| Total current assets | $362.2M | $330.5M | $295.2M | $230.4M |
| Property, plant and equipment | $1.4B | $1.2B | $1.1B | $645.8M |
| Operating lease right-of-use assets | $10.7M | $12.7M | $12.8M | $14.7M |
| Investments in affiliates and joint ventures | $70.4M | $84.7M | $81.4M | $75.6M |
| Intangible assets | $12.3M | $9.9M | $7.0M | $6.8M |
| Other assets | $5.2M | $9.8M | $7.1M | $5.8M |
| Total assets | $1.8B | $1.7B | $1.5B | $979.5M |
| Accounts payable | $102.1M | $110.8M | $146.2M | $102.5M |
| Accrued liabilities | $89.3M | $77.9M | $94.7M | $43.8M |
| Contract liabilities | $22.8M | $1.9M | $59.0K | $1.4M |
| Current portion of long-term debt | $160.6M | $84.2M | $81.3M | $20.6M |
| Current portion of contingent obligations | $34.6M | $39.3M | — | — |
| Current portion of operating lease liabilities | $1.5M | $1.8M | $1.7M | $2.5M |
| Total current liabilities | $410.9M | $315.9M | $324.0M | $192.3M |
| Long-term debt | $749.8M | $719.4M | $611.3M | $358.1M |
| Contingent obligations | $28.9M | $88.6M | — | — |
| Operating lease liabilities | $9.7M | $11.4M | $11.3M | $12.4M |
| Other long-term obligations | $22.6M | $44.7M | $134.4M | $18.6M |
| Deferred tax liabilities | $141.3M | $125.4M | $108.8M | $71.9M |
| Total liabilities | $1.4B | $1.3B | $1.2B | $673.6M |
| Common shares (authorized – unlimited number of voting common shares; issued and outstanding – December 31, 2025 - 28,821,481 (December 31, 2024 – 27,704,450)) | 283.0M | 229.0M | 229.5M | 229.5M |
| Treasury shares (December 31, 2025 - 871,244 (December 31, 2024 - 1,000,328)) | -15.0M | -15.9M | -16.2M | -16.4M |
| Additional paid-in capital | $2.8M | $20.8M | $20.7M | $22.1M |
| Retained earnings | $176.5M | $156.1M | $123.0M | $70.5M |
| Accumulated other comprehensive income (loss) | $9.4M | ($1.1M) | ($407.0K) | $306.0K |
| Shareholders' equity | $456.6M | $388.9M | $356.7M | $305.9M |
| Total liabilities and shareholders' equity | $1.8B | $1.7B | $1.5B | $979.5M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $33.8M | $44.1M | $63.1M | $67.4M |
| Depreciation | $217.2M | $166.7M | $131.3M | $119.3M |
| Amortization of deferred financing costs | $2.9M | $3.0M | $1.6M | $1.1M |
| Loss on disposal of property, plant and equipment | $822.0K | $767.0K | $1.7M | $536.0K |
| Loss (gain) on derivative financial instruments | $9.4M | ($4.0M) | ($6.1M) | ($778.0K) |
| Stock-based compensation (benefit) expense | ($432.0K) | $8.7M | $15.8M | $4.8M |
| Equity earnings in affiliates and joint ventures | $11.3M | ($15.3M) | ($25.8M) | ($37.1M) |
| Dividends received from affiliates and joint ventures | $2.2M | $7.3M | $19.3M | $12.8M |
| Deferred income tax expense | $14.7M | $19.2M | $16.0M | $15.4M |
| Change in fair value of contingent obligations | ($26.9M) | $53.2M | $8.3M | — |
| Unrealized foreign currency loss (gain) | $2.3M | ($2.8M) | — | — |
| Other adjustments to cash from operating activities | $1.4M | $1.2M | $1.9M | ($896.0K) |
| Net changes in non-cash working capital | ($4.7M) | ($64.5M) | $51.0M | ($13.3M) |
| Total operating activities | $264.1M | $217.6M | $270.4M | $169.2M |
| Purchase of property, plant and equipment | ($281.1M) | ($280.1M) | ($202.8M) | ($111.5M) |
| Additions to intangible assets | ($4.3M) | ($4.2M) | ($683.0K) | ($3.8M) |
| Proceeds on disposal of property, plant and equipment | $11.7M | $13.6M | $10.4M | $3.4M |
| Buyout of BNA Remanufacturing LP, net of cash acquired | $0 | ($3.9M) | $0 | ($2.2M) |
| Net collections (advances) of loans with affiliates and joint ventures | $8.9M | ($4.1M) | — | $16.6M |
| Cash settlement of derivative financial instruments | $0 | $4.0M | $2.6M | $0 |
| Total investing activities | ($264.8M) | ($274.7M) | ($244.9M) | ($97.5M) |
| Proceeds from long-term debt | $757.4M | $234.5M | $340.0M | $83.4M |
| Repayment of long-term debt | ($629.7M) | ($130.3M) | ($315.6M) | ($31.2M) |
| Settlement of convertible debentures | ($1.4M) | — | — | — |
| Financing costs | ($9.5M) | ($1.0M) | ($5.8M) | ($318.0K) |
| Payments towards contingent obligations | ($40.2M) | ($39.7M) | ($10.4M) | — |
| Dividends paid | ($13.4M) | ($10.6M) | ($10.0M) | ($7.8M) |
| Share purchase program | ($38.4M) | ($4.3M) | $0 | ($34.1M) |
| Purchase of treasury shares | -3.3M | -2.5M | -6.0M | -2.0M |
| Total financing activities | $21.6M | $46.0M | ($7.7M) | ($19.5M) |
| Increase (decrease) in cash | $20.8M | ($11.1M) | $17.8M | $52.2M |
| Effect of exchange rate on changes in cash | $1.4M | $353.0K | $1.7M | $304.0K |
| Cash, beginning of year | $77.9M | $88.6M | $69.1M | $16.6M |
| Cash, end of year | $100.1M | $77.9M | $88.6M | $69.1M |
North American Construction Group Ltd score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.