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Side-by-side financial comparison of North American Construction Group Ltd. (NOA) and ON Semiconductor (ON). Click either name above to swap in a different company.

ON Semiconductor is the larger business by last-quarter revenue ($1.5B vs $860.2M, roughly 1.8× North American Construction Group Ltd.). ON Semiconductor runs the higher net margin — 12.0% vs 4.7%, a 7.3% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs -9.9%).

Shanghai Construction (Group) Corporation (SCG) is a Chinese construction and engineering company, ranked as the 16th largest construction company in the world based on 2011 revenues.

Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...

NOA vs ON — Head-to-Head

Bigger by revenue
ON
ON
1.8× larger
ON
$1.5B
$860.2M
NOA
Higher net margin
ON
ON
7.3% more per $
ON
12.0%
4.7%
NOA
Faster 2-yr revenue CAGR
NOA
NOA
Annualised
NOA
58.0%
-9.9%
ON

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
NOA
NOA
ON
ON
Revenue
$860.2M
$1.5B
Net Profit
$40.5M
$181.8M
Gross Margin
19.7%
38.5%
Operating Margin
15.4%
57.9%
Net Margin
4.7%
12.0%
Revenue YoY
4.7%
Net Profit YoY
EPS (diluted)
$0.45

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NOA
NOA
ON
ON
Q1 26
$1.5B
Q4 25
$1.6B
Q3 25
$860.2M
$1.5B
Q2 25
$573.3M
$1.4B
Q1 25
$297.0M
Q4 24
$1.7B
Q3 24
$636.4M
$1.8B
Q2 24
$439.5M
$1.7B
Net Profit
NOA
NOA
ON
ON
Q1 26
$181.8M
Q4 25
$255.0M
Q3 25
$40.5M
$170.3M
Q2 25
$26.0M
$-486.1M
Q1 25
$11.5M
Q4 24
$379.9M
Q3 24
$45.5M
$401.7M
Q2 24
$34.1M
$338.2M
Gross Margin
NOA
NOA
ON
ON
Q1 26
38.5%
Q4 25
37.9%
Q3 25
19.7%
37.6%
Q2 25
18.1%
20.3%
Q1 25
18.0%
Q4 24
45.2%
Q3 24
14.0%
45.4%
Q2 24
14.3%
45.2%
Operating Margin
NOA
NOA
ON
ON
Q1 26
57.9%
Q4 25
17.0%
Q3 25
15.4%
13.2%
Q2 25
13.6%
-39.7%
Q1 25
13.0%
Q4 24
23.7%
Q3 24
7.9%
25.3%
Q2 24
8.2%
22.4%
Net Margin
NOA
NOA
ON
ON
Q1 26
12.0%
Q4 25
16.4%
Q3 25
4.7%
11.6%
Q2 25
4.5%
-33.6%
Q1 25
3.9%
Q4 24
22.1%
Q3 24
7.1%
22.8%
Q2 24
7.8%
19.5%
EPS (diluted)
NOA
NOA
ON
ON
Q1 26
$0.45
Q4 25
$0.63
Q3 25
$0.41
Q2 25
$-1.15
Q1 25
Q4 24
$0.88
Q3 24
$0.93
Q2 24
$0.78

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NOA
NOA
ON
ON
Cash + ST InvestmentsLiquidity on hand
$2.4B
Total DebtLower is stronger
$3.0B
Stockholders' EquityBook value
$7.3B
Total Assets
$1.7B
$12.0B
Debt / EquityLower = less leverage
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOA
NOA
ON
ON
Q1 26
$2.4B
Q4 25
$2.9B
Q3 25
$2.8B
Q2 25
$3.0B
Q1 25
Q4 24
$3.0B
Q3 24
$2.8B
Q2 24
$2.7B
Total Debt
NOA
NOA
ON
ON
Q1 26
$3.0B
Q4 25
$3.4B
Q3 25
$3.4B
Q2 25
$3.4B
Q1 25
Q4 24
$3.4B
Q3 24
$3.4B
Q2 24
$3.4B
Stockholders' Equity
NOA
NOA
ON
ON
Q1 26
$7.3B
Q4 25
$7.9B
Q3 25
$7.9B
Q2 25
$8.0B
Q1 25
Q4 24
$8.8B
Q3 24
$8.6B
Q2 24
$8.3B
Total Assets
NOA
NOA
ON
ON
Q1 26
$12.0B
Q4 25
$13.0B
Q3 25
$1.7B
$13.1B
Q2 25
$1.7B
$13.3B
Q1 25
$1.7B
Q4 24
$14.1B
Q3 24
$1.5B
$13.9B
Q2 24
$1.5B
$13.7B
Debt / Equity
NOA
NOA
ON
ON
Q1 26
0.41×
Q4 25
0.43×
Q3 25
0.43×
Q2 25
0.42×
Q1 25
Q4 24
0.38×
Q3 24
0.39×
Q2 24
0.41×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NOA
NOA
ON
ON
Operating Cash FlowLast quarter
$140.7M
$239.1M
Free Cash FlowOCF − Capex
$217.2M
FCF MarginFCF / Revenue
14.4%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.47×
1.32×
TTM Free Cash FlowTrailing 4 quarters
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOA
NOA
ON
ON
Q1 26
$239.1M
Q4 25
$418.7M
Q3 25
$140.7M
$184.3M
Q2 25
$85.4M
$602.3M
Q1 25
$19.0M
Q4 24
$579.7M
Q3 24
$109.5M
$465.8M
Q2 24
$72.0M
$362.2M
Free Cash Flow
NOA
NOA
ON
ON
Q1 26
$217.2M
Q4 25
$372.4M
Q3 25
$106.1M
Q2 25
$454.7M
Q1 25
Q4 24
$434.8M
Q3 24
$293.6M
Q2 24
$207.7M
FCF Margin
NOA
NOA
ON
ON
Q1 26
14.4%
Q4 25
24.0%
Q3 25
7.2%
Q2 25
31.5%
Q1 25
Q4 24
25.2%
Q3 24
16.7%
Q2 24
12.0%
Capex Intensity
NOA
NOA
ON
ON
Q1 26
Q4 25
3.0%
Q3 25
5.3%
Q2 25
10.2%
Q1 25
Q4 24
8.4%
Q3 24
9.8%
Q2 24
8.9%
Cash Conversion
NOA
NOA
ON
ON
Q1 26
1.32×
Q4 25
1.64×
Q3 25
3.47×
1.08×
Q2 25
3.28×
Q1 25
1.65×
Q4 24
1.53×
Q3 24
2.41×
1.16×
Q2 24
2.11×
1.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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