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Side-by-side financial comparison of North American Construction Group Ltd. (NOA) and RXO, Inc. (RXO). Click either name above to swap in a different company.
RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $860.2M, roughly 1.7× North American Construction Group Ltd.). North American Construction Group Ltd. runs the higher net margin — 4.7% vs -3.1%, a 7.8% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs 26.8%).
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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
NOA vs RXO — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $860.2M | $1.5B |
| Net Profit | $40.5M | $-46.0M |
| Gross Margin | 19.7% | — |
| Operating Margin | 15.4% | -2.9% |
| Net Margin | 4.7% | -3.1% |
| Revenue YoY | — | -11.9% |
| Net Profit YoY | — | -84.0% |
| EPS (diluted) | — | $-0.28 |
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.
| Q4 25 | — | $1.5B | ||
| Q3 25 | $860.2M | $1.4B | ||
| Q2 25 | $573.3M | $1.4B | ||
| Q1 25 | $297.0M | $1.4B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $636.4M | $1.0B | ||
| Q2 24 | $439.5M | $930.0M | ||
| Q1 24 | $244.3M | $913.0M |
| Q4 25 | — | $-46.0M | ||
| Q3 25 | $40.5M | $-14.0M | ||
| Q2 25 | $26.0M | $-9.0M | ||
| Q1 25 | $11.5M | $-31.0M | ||
| Q4 24 | — | $-25.0M | ||
| Q3 24 | $45.5M | $-243.0M | ||
| Q2 24 | $34.1M | $-7.0M | ||
| Q1 24 | $21.8M | $-15.0M |
| Q4 25 | — | — | ||
| Q3 25 | 19.7% | — | ||
| Q2 25 | 18.1% | — | ||
| Q1 25 | 18.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.0% | — | ||
| Q2 24 | 14.3% | — | ||
| Q1 24 | 16.8% | — |
| Q4 25 | — | -2.9% | ||
| Q3 25 | 15.4% | -0.5% | ||
| Q2 25 | 13.6% | — | ||
| Q1 25 | 13.0% | -2.1% | ||
| Q4 24 | — | -1.4% | ||
| Q3 24 | 7.9% | -1.9% | ||
| Q2 24 | 8.2% | — | ||
| Q1 24 | 10.5% | -1.3% |
| Q4 25 | — | -3.1% | ||
| Q3 25 | 4.7% | -1.0% | ||
| Q2 25 | 4.5% | -0.6% | ||
| Q1 25 | 3.9% | -2.2% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | 7.1% | -23.4% | ||
| Q2 24 | 7.8% | -0.8% | ||
| Q1 24 | 8.9% | -1.6% |
| Q4 25 | — | $-0.28 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $-0.18 | ||
| Q4 24 | — | $-0.17 | ||
| Q3 24 | — | $-1.81 | ||
| Q2 24 | — | $-0.06 | ||
| Q1 24 | — | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $17.0M |
| Total DebtLower is stronger | — | $387.0M |
| Stockholders' EquityBook value | — | $1.5B |
| Total Assets | $1.7B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $17.0M | ||
| Q3 25 | — | $25.0M | ||
| Q2 25 | — | $18.0M | ||
| Q1 25 | — | $16.0M | ||
| Q4 24 | — | $35.0M | ||
| Q3 24 | — | $55.0M | ||
| Q2 24 | — | $7.0M | ||
| Q1 24 | — | $7.0M |
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $579.0M | ||
| Q1 24 | — | $582.0M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.7B | $3.2B | ||
| Q1 25 | $1.7B | $3.3B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | $1.5B | $3.4B | ||
| Q2 24 | $1.5B | $1.8B | ||
| Q1 24 | $1.5B | $1.8B |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $140.7M | $7.0M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -0.6% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 3.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $7.0M | ||
| Q3 25 | $140.7M | $23.0M | ||
| Q2 25 | $85.4M | $23.0M | ||
| Q1 25 | $19.0M | $-2.0M | ||
| Q4 24 | — | $-7.0M | ||
| Q3 24 | $109.5M | $-7.0M | ||
| Q2 24 | $72.0M | $-5.0M | ||
| Q1 24 | $31.8M | $7.0M |
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | — | $-18.0M | ||
| Q2 24 | — | $-16.0M | ||
| Q1 24 | — | $-4.0M |
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | -1.7% | ||
| Q1 24 | — | -0.4% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | — | — | ||
| Q3 25 | 3.47× | — | ||
| Q2 25 | 3.28× | — | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.41× | — | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | 1.46× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NOA
Segment breakdown not available.
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
