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

RH is the larger business by last-quarter revenue ($883.8M vs $860.2M, roughly 1.0× North American Construction Group Ltd.). North American Construction Group Ltd. runs the higher net margin — 4.7% vs 4.1%, a 0.6% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs 9.4%).

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.

RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.

NOA vs RH — Head-to-Head

Bigger by revenue
RH
RH
1.0× larger
RH
$883.8M
$860.2M
NOA
Higher net margin
NOA
NOA
0.6% more per $
NOA
4.7%
4.1%
RH
Faster 2-yr revenue CAGR
NOA
NOA
Annualised
NOA
58.0%
9.4%
RH

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
NOA
NOA
RH
RH
Revenue
$860.2M
$883.8M
Net Profit
$40.5M
$36.3M
Gross Margin
19.7%
44.1%
Operating Margin
15.4%
12.0%
Net Margin
4.7%
4.1%
Revenue YoY
8.9%
Net Profit YoY
9.3%
EPS (diluted)
$1.83

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
RH
RH
Q4 25
$883.8M
Q3 25
$860.2M
$899.2M
Q2 25
$573.3M
$814.0M
Q1 25
$297.0M
$812.4M
Q4 24
$811.7M
Q3 24
$636.4M
$829.7M
Q2 24
$439.5M
$727.0M
Q1 24
$244.3M
$738.3M
Net Profit
NOA
NOA
RH
RH
Q4 25
$36.3M
Q3 25
$40.5M
$51.7M
Q2 25
$26.0M
$8.0M
Q1 25
$11.5M
$13.9M
Q4 24
$33.2M
Q3 24
$45.5M
$29.0M
Q2 24
$34.1M
$-3.6M
Q1 24
$21.8M
$11.4M
Gross Margin
NOA
NOA
RH
RH
Q4 25
44.1%
Q3 25
19.7%
45.5%
Q2 25
18.1%
43.7%
Q1 25
18.0%
44.7%
Q4 24
44.5%
Q3 24
14.0%
45.2%
Q2 24
14.3%
43.5%
Q1 24
16.8%
43.5%
Operating Margin
NOA
NOA
RH
RH
Q4 25
12.0%
Q3 25
15.4%
14.3%
Q2 25
13.6%
6.9%
Q1 25
13.0%
8.7%
Q4 24
12.5%
Q3 24
7.9%
11.6%
Q2 24
8.2%
7.5%
Q1 24
10.5%
8.7%
Net Margin
NOA
NOA
RH
RH
Q4 25
4.1%
Q3 25
4.7%
5.8%
Q2 25
4.5%
1.0%
Q1 25
3.9%
1.7%
Q4 24
4.1%
Q3 24
7.1%
3.5%
Q2 24
7.8%
-0.5%
Q1 24
8.9%
1.5%
EPS (diluted)
NOA
NOA
RH
RH
Q4 25
$1.83
Q3 25
$2.62
Q2 25
$0.40
Q1 25
$0.71
Q4 24
$1.66
Q3 24
$1.45
Q2 24
$-0.20
Q1 24
$0.91

Balance Sheet & Financial Strength

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

Metric
NOA
NOA
RH
RH
Cash + ST InvestmentsLiquidity on hand
$43.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.3M
Total Assets
$1.7B
$4.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOA
NOA
RH
RH
Q4 25
$43.1M
Q3 25
$34.6M
Q2 25
$46.1M
Q1 25
$30.4M
Q4 24
$87.0M
Q3 24
$78.3M
Q2 24
$101.8M
Q1 24
$123.7M
Stockholders' Equity
NOA
NOA
RH
RH
Q4 25
$3.3M
Q3 25
$-40.9M
Q2 25
$-110.8M
Q1 25
$-163.6M
Q4 24
$-183.0M
Q3 24
$-234.7M
Q2 24
$-289.9M
Q1 24
$-297.4M
Total Assets
NOA
NOA
RH
RH
Q4 25
$4.8B
Q3 25
$1.7B
$4.7B
Q2 25
$1.7B
$4.7B
Q1 25
$1.7B
$4.6B
Q4 24
$4.5B
Q3 24
$1.5B
$4.4B
Q2 24
$1.5B
$4.2B
Q1 24
$1.5B
$4.1B

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
RH
RH
Operating Cash FlowLast quarter
$140.7M
$131.9M
Free Cash FlowOCF − Capex
$83.0M
FCF MarginFCF / Revenue
9.4%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
3.47×
3.64×
TTM Free Cash FlowTrailing 4 quarters
$128.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOA
NOA
RH
RH
Q4 25
$131.9M
Q3 25
$140.7M
$137.7M
Q2 25
$85.4M
$86.6M
Q1 25
$19.0M
$-18.8M
Q4 24
$-31.4M
Q3 24
$109.5M
$11.2M
Q2 24
$72.0M
$56.1M
Q1 24
$31.8M
$-114.0M
Free Cash Flow
NOA
NOA
RH
RH
Q4 25
$83.0M
Q3 25
$80.7M
Q2 25
$34.1M
Q1 25
$-69.7M
Q4 24
$-96.0M
Q3 24
$-37.9M
Q2 24
$-10.1M
Q1 24
$-251.5M
FCF Margin
NOA
NOA
RH
RH
Q4 25
9.4%
Q3 25
9.0%
Q2 25
4.2%
Q1 25
-8.6%
Q4 24
-11.8%
Q3 24
-4.6%
Q2 24
-1.4%
Q1 24
-34.1%
Capex Intensity
NOA
NOA
RH
RH
Q4 25
5.5%
Q3 25
6.3%
Q2 25
6.5%
Q1 25
6.3%
Q4 24
8.0%
Q3 24
5.9%
Q2 24
9.1%
Q1 24
18.6%
Cash Conversion
NOA
NOA
RH
RH
Q4 25
3.64×
Q3 25
3.47×
2.66×
Q2 25
3.28×
10.78×
Q1 25
1.65×
-1.35×
Q4 24
-0.95×
Q3 24
2.41×
0.39×
Q2 24
2.11×
Q1 24
1.46×
-10.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NOA
NOA

Segment breakdown not available.

RH
RH

RH Segment$835.8M95%
Waterworks Segment$48.0M5%
Gift Card And Merchandise Credit$4.5M1%

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