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

North American Construction Group Ltd. is the larger business by last-quarter revenue ($860.2M vs $774.3M, roughly 1.1× PTC Inc.). PTC Inc. runs the higher net margin — 76.3% vs 4.7%, a 71.6% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs 22.2%).

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.

PTC Inc. is an American computer software and services company founded in 1985 and headquartered in Boston, Massachusetts. The company was a pioneer in parametric, associative feature-based, solid computer-aided design (CAD) modeling software in 1988, including an Internet-based product for Product Lifecycle Management (PLM) in 1998. PTC markets products and services and an Internet of Things (IoT) and augmented reality (AR) platform for partners and developers.

NOA vs PTC — Head-to-Head

Bigger by revenue
NOA
NOA
1.1× larger
NOA
$860.2M
$774.3M
PTC
Higher net margin
PTC
PTC
71.6% more per $
PTC
76.3%
4.7%
NOA
Faster 2-yr revenue CAGR
NOA
NOA
Annualised
NOA
58.0%
22.2%
PTC

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
NOA
NOA
PTC
PTC
Revenue
$860.2M
$774.3M
Net Profit
$40.5M
$590.7M
Gross Margin
19.7%
99.1%
Operating Margin
15.4%
38.2%
Net Margin
4.7%
76.3%
Revenue YoY
21.7%
Net Profit YoY
141.2%
EPS (diluted)
$4.98

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
PTC
PTC
Q1 26
$774.3M
Q4 25
$685.8M
Q3 25
$860.2M
$893.8M
Q2 25
$573.3M
$643.9M
Q1 25
$297.0M
$636.4M
Q4 24
$565.1M
Q3 24
$636.4M
$626.5M
Q2 24
$439.5M
$518.6M
Net Profit
NOA
NOA
PTC
PTC
Q1 26
$590.7M
Q4 25
$166.5M
Q3 25
$40.5M
$347.8M
Q2 25
$26.0M
$141.3M
Q1 25
$11.5M
$162.6M
Q4 24
$82.2M
Q3 24
$45.5M
$126.5M
Q2 24
$34.1M
$69.0M
Gross Margin
NOA
NOA
PTC
PTC
Q1 26
99.1%
Q4 25
82.8%
Q3 25
19.7%
86.9%
Q2 25
18.1%
82.9%
Q1 25
18.0%
83.3%
Q4 24
80.2%
Q3 24
14.0%
82.0%
Q2 24
14.3%
78.4%
Operating Margin
NOA
NOA
PTC
PTC
Q1 26
38.2%
Q4 25
32.2%
Q3 25
15.4%
48.5%
Q2 25
13.6%
32.6%
Q1 25
13.0%
35.1%
Q4 24
20.4%
Q3 24
7.9%
31.0%
Q2 24
8.2%
18.5%
Net Margin
NOA
NOA
PTC
PTC
Q1 26
76.3%
Q4 25
24.3%
Q3 25
4.7%
38.9%
Q2 25
4.5%
21.9%
Q1 25
3.9%
25.6%
Q4 24
14.6%
Q3 24
7.1%
20.2%
Q2 24
7.8%
13.3%
EPS (diluted)
NOA
NOA
PTC
PTC
Q1 26
$4.98
Q4 25
$1.39
Q3 25
$2.88
Q2 25
$1.17
Q1 25
$1.35
Q4 24
$0.68
Q3 24
$1.05
Q2 24
$0.57

Balance Sheet & Financial Strength

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

Metric
NOA
NOA
PTC
PTC
Cash + ST InvestmentsLiquidity on hand
$439.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.9B
Total Assets
$1.7B
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOA
NOA
PTC
PTC
Q1 26
$439.1M
Q4 25
$209.7M
Q3 25
$184.4M
Q2 25
$199.3M
Q1 25
$235.2M
Q4 24
$196.3M
Q3 24
$265.8M
Q2 24
$247.7M
Total Debt
NOA
NOA
PTC
PTC
Q1 26
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.4B
Q4 24
$1.0B
Q3 24
$1.2B
Q2 24
$1.3B
Stockholders' Equity
NOA
NOA
PTC
PTC
Q1 26
$3.9B
Q4 25
$3.8B
Q3 25
$3.8B
Q2 25
$3.5B
Q1 25
$3.4B
Q4 24
$3.2B
Q3 24
$3.2B
Q2 24
$3.0B
Total Assets
NOA
NOA
PTC
PTC
Q1 26
$6.5B
Q4 25
$6.4B
Q3 25
$1.7B
$6.6B
Q2 25
$1.7B
$6.2B
Q1 25
$1.7B
$6.2B
Q4 24
$6.1B
Q3 24
$1.5B
$6.4B
Q2 24
$1.5B
$6.1B
Debt / Equity
NOA
NOA
PTC
PTC
Q1 26
Q4 25
0.31×
Q3 25
0.31×
Q2 25
0.34×
Q1 25
0.40×
Q4 24
0.32×
Q3 24
0.38×
Q2 24
0.43×

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
PTC
PTC
Operating Cash FlowLast quarter
$140.7M
$320.9M
Free Cash FlowOCF − Capex
$318.0M
FCF MarginFCF / Revenue
41.1%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.47×
0.54×
TTM Free Cash FlowTrailing 4 quarters
$927.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOA
NOA
PTC
PTC
Q1 26
$320.9M
Q4 25
$269.7M
Q3 25
$140.7M
$104.0M
Q2 25
$85.4M
$243.9M
Q1 25
$19.0M
$281.3M
Q4 24
$238.4M
Q3 24
$109.5M
$98.1M
Q2 24
$72.0M
$213.8M
Free Cash Flow
NOA
NOA
PTC
PTC
Q1 26
$318.0M
Q4 25
$267.4M
Q3 25
$100.5M
Q2 25
$242.0M
Q1 25
$278.5M
Q4 24
$235.7M
Q3 24
$93.6M
Q2 24
$212.2M
FCF Margin
NOA
NOA
PTC
PTC
Q1 26
41.1%
Q4 25
39.0%
Q3 25
11.2%
Q2 25
37.6%
Q1 25
43.8%
Q4 24
41.7%
Q3 24
14.9%
Q2 24
40.9%
Capex Intensity
NOA
NOA
PTC
PTC
Q1 26
Q4 25
0.3%
Q3 25
0.4%
Q2 25
0.3%
Q1 25
0.4%
Q4 24
0.5%
Q3 24
0.7%
Q2 24
0.3%
Cash Conversion
NOA
NOA
PTC
PTC
Q1 26
0.54×
Q4 25
1.62×
Q3 25
3.47×
0.30×
Q2 25
3.28×
1.73×
Q1 25
1.65×
1.73×
Q4 24
2.90×
Q3 24
2.41×
0.78×
Q2 24
2.11×
3.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NOA
NOA

Segment breakdown not available.

PTC
PTC

Recurring revenue$743.4M96%
Other$24.0M3%
Perpetual license$6.9M1%

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