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

Palantir Technologies is the larger business by last-quarter revenue ($1.4B vs $860.2M, roughly 1.6× North American Construction Group Ltd.). Palantir Technologies runs the higher net margin — 43.3% vs 4.7%, a 38.6% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs 48.9%).

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.

Palantir Technologies Inc. is an American publicly traded company that develops data integration and analytics platforms enabling government agencies, militaries, and corporations to combine and analyze data from multiple sources. Its flagship products—Gotham and Foundry —connect previously siloed databases to support intelligence operations, counterterrorism analysis, law enforcement, and enterprise analytics.

NOA vs PLTR — Head-to-Head

Bigger by revenue
PLTR
PLTR
1.6× larger
PLTR
$1.4B
$860.2M
NOA
Higher net margin
PLTR
PLTR
38.6% more per $
PLTR
43.3%
4.7%
NOA
Faster 2-yr revenue CAGR
NOA
NOA
Annualised
NOA
58.0%
48.9%
PLTR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NOA
NOA
PLTR
PLTR
Revenue
$860.2M
$1.4B
Net Profit
$40.5M
$608.7M
Gross Margin
19.7%
84.6%
Operating Margin
15.4%
40.9%
Net Margin
4.7%
43.3%
Revenue YoY
70.0%
Net Profit YoY
670.4%
EPS (diluted)
$0.24

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
PLTR
PLTR
Q4 25
$1.4B
Q3 25
$860.2M
$1.2B
Q2 25
$573.3M
$1.0B
Q1 25
$297.0M
$883.9M
Q4 24
$827.5M
Q3 24
$636.4M
$725.5M
Q2 24
$439.5M
$678.1M
Q1 24
$244.3M
$634.3M
Net Profit
NOA
NOA
PLTR
PLTR
Q4 25
$608.7M
Q3 25
$40.5M
$475.6M
Q2 25
$26.0M
$326.7M
Q1 25
$11.5M
$214.0M
Q4 24
$79.0M
Q3 24
$45.5M
$143.5M
Q2 24
$34.1M
$134.1M
Q1 24
$21.8M
$105.5M
Gross Margin
NOA
NOA
PLTR
PLTR
Q4 25
84.6%
Q3 25
19.7%
82.4%
Q2 25
18.1%
80.8%
Q1 25
18.0%
80.4%
Q4 24
78.9%
Q3 24
14.0%
79.8%
Q2 24
14.3%
81.0%
Q1 24
16.8%
81.7%
Operating Margin
NOA
NOA
PLTR
PLTR
Q4 25
40.9%
Q3 25
15.4%
33.3%
Q2 25
13.6%
26.8%
Q1 25
13.0%
19.9%
Q4 24
1.3%
Q3 24
7.9%
15.6%
Q2 24
8.2%
15.5%
Q1 24
10.5%
12.8%
Net Margin
NOA
NOA
PLTR
PLTR
Q4 25
43.3%
Q3 25
4.7%
40.3%
Q2 25
4.5%
32.6%
Q1 25
3.9%
24.2%
Q4 24
9.5%
Q3 24
7.1%
19.8%
Q2 24
7.8%
19.8%
Q1 24
8.9%
16.6%
EPS (diluted)
NOA
NOA
PLTR
PLTR
Q4 25
$0.24
Q3 25
$0.18
Q2 25
$0.13
Q1 25
$0.08
Q4 24
$0.03
Q3 24
$0.06
Q2 24
$0.06
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
NOA
NOA
PLTR
PLTR
Cash + ST InvestmentsLiquidity on hand
$7.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$7.4B
Total Assets
$1.7B
$8.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOA
NOA
PLTR
PLTR
Q4 25
$7.2B
Q3 25
$6.4B
Q2 25
$6.0B
Q1 25
$5.4B
Q4 24
$5.2B
Q3 24
$4.6B
Q2 24
$4.0B
Q1 24
$3.9B
Stockholders' Equity
NOA
NOA
PLTR
PLTR
Q4 25
$7.4B
Q3 25
$6.6B
Q2 25
$5.9B
Q1 25
$5.4B
Q4 24
$5.0B
Q3 24
$4.5B
Q2 24
$4.1B
Q1 24
$3.8B
Total Assets
NOA
NOA
PLTR
PLTR
Q4 25
$8.9B
Q3 25
$1.7B
$8.1B
Q2 25
$1.7B
$7.4B
Q1 25
$1.7B
$6.7B
Q4 24
$6.3B
Q3 24
$1.5B
$5.8B
Q2 24
$1.5B
$5.2B
Q1 24
$1.5B
$4.8B

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
PLTR
PLTR
Operating Cash FlowLast quarter
$140.7M
$777.3M
Free Cash FlowOCF − Capex
$764.0M
FCF MarginFCF / Revenue
54.3%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
3.47×
1.28×
TTM Free Cash FlowTrailing 4 quarters
$2.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOA
NOA
PLTR
PLTR
Q4 25
$777.3M
Q3 25
$140.7M
$507.7M
Q2 25
$85.4M
$539.3M
Q1 25
$19.0M
$310.3M
Q4 24
$460.3M
Q3 24
$109.5M
$419.8M
Q2 24
$72.0M
$144.2M
Q1 24
$31.8M
$129.6M
Free Cash Flow
NOA
NOA
PLTR
PLTR
Q4 25
$764.0M
Q3 25
$500.9M
Q2 25
$531.6M
Q1 25
$304.1M
Q4 24
$457.2M
Q3 24
$415.8M
Q2 24
$141.3M
Q1 24
$126.9M
FCF Margin
NOA
NOA
PLTR
PLTR
Q4 25
54.3%
Q3 25
42.4%
Q2 25
53.0%
Q1 25
34.4%
Q4 24
55.3%
Q3 24
57.3%
Q2 24
20.8%
Q1 24
20.0%
Capex Intensity
NOA
NOA
PLTR
PLTR
Q4 25
0.9%
Q3 25
0.6%
Q2 25
0.8%
Q1 25
0.7%
Q4 24
0.4%
Q3 24
0.5%
Q2 24
0.4%
Q1 24
0.4%
Cash Conversion
NOA
NOA
PLTR
PLTR
Q4 25
1.28×
Q3 25
3.47×
1.07×
Q2 25
3.28×
1.65×
Q1 25
1.65×
1.45×
Q4 24
5.83×
Q3 24
2.41×
2.92×
Q2 24
2.11×
1.08×
Q1 24
1.46×
1.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NOA
NOA

Segment breakdown not available.

PLTR
PLTR

Geographic Concentration Risk$1.1B77%
Other$330.4M23%

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