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

SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $860.2M, roughly 1.6× North American Construction Group Ltd.). North American Construction Group Ltd. runs the higher net margin — 4.7% vs 3.1%, a 1.6% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs 2.7%).

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.

Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.

NOA vs SEE — Head-to-Head

Bigger by revenue
SEE
SEE
1.6× larger
SEE
$1.4B
$860.2M
NOA
Higher net margin
NOA
NOA
1.6% more per $
NOA
4.7%
3.1%
SEE
Faster 2-yr revenue CAGR
NOA
NOA
Annualised
NOA
58.0%
2.7%
SEE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NOA
NOA
SEE
SEE
Revenue
$860.2M
$1.4B
Net Profit
$40.5M
$43.8M
Gross Margin
19.7%
28.6%
Operating Margin
15.4%
11.4%
Net Margin
4.7%
3.1%
Revenue YoY
2.6%
Net Profit YoY
700.0%
EPS (diluted)
$0.30

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
SEE
SEE
Q4 25
$1.4B
Q3 25
$860.2M
$1.3B
Q2 25
$573.3M
$1.3B
Q1 25
$297.0M
$1.3B
Q4 24
$1.4B
Q3 24
$636.4M
$1.3B
Q2 24
$439.5M
$1.3B
Q1 24
$244.3M
$1.3B
Net Profit
NOA
NOA
SEE
SEE
Q4 25
$43.8M
Q3 25
$40.5M
$255.1M
Q2 25
$26.0M
$93.1M
Q1 25
$11.5M
$113.5M
Q4 24
$-7.3M
Q3 24
$45.5M
$91.7M
Q2 24
$34.1M
$98.3M
Q1 24
$21.8M
$82.0M
Gross Margin
NOA
NOA
SEE
SEE
Q4 25
28.6%
Q3 25
19.7%
29.8%
Q2 25
18.1%
30.7%
Q1 25
18.0%
30.9%
Q4 24
30.0%
Q3 24
14.0%
30.1%
Q2 24
14.3%
31.2%
Q1 24
16.8%
30.3%
Operating Margin
NOA
NOA
SEE
SEE
Q4 25
11.4%
Q3 25
15.4%
13.8%
Q2 25
13.6%
15.0%
Q1 25
13.0%
14.5%
Q4 24
11.7%
Q3 24
7.9%
13.9%
Q2 24
8.2%
15.4%
Q1 24
10.5%
14.0%
Net Margin
NOA
NOA
SEE
SEE
Q4 25
3.1%
Q3 25
4.7%
19.0%
Q2 25
4.5%
7.0%
Q1 25
3.9%
9.0%
Q4 24
-0.5%
Q3 24
7.1%
6.9%
Q2 24
7.8%
7.4%
Q1 24
8.9%
6.2%
EPS (diluted)
NOA
NOA
SEE
SEE
Q4 25
$0.30
Q3 25
$1.73
Q2 25
$0.63
Q1 25
$0.77
Q4 24
$-0.05
Q3 24
$0.63
Q2 24
$0.67
Q1 24
$0.56

Balance Sheet & Financial Strength

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

Metric
NOA
NOA
SEE
SEE
Cash + ST InvestmentsLiquidity on hand
$344.0M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$1.2B
Total Assets
$1.7B
$7.0B
Debt / EquityLower = less leverage
2.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOA
NOA
SEE
SEE
Q4 25
$344.0M
Q3 25
$282.5M
Q2 25
$354.4M
Q1 25
$335.2M
Q4 24
$371.8M
Q3 24
$386.0M
Q2 24
$388.6M
Q1 24
$352.8M
Total Debt
NOA
NOA
SEE
SEE
Q4 25
$3.3B
Q3 25
$4.0B
Q2 25
$4.0B
Q1 25
$4.2B
Q4 24
$4.2B
Q3 24
$4.3B
Q2 24
$4.4B
Q1 24
$4.5B
Stockholders' Equity
NOA
NOA
SEE
SEE
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$953.1M
Q1 25
$797.9M
Q4 24
$624.5M
Q3 24
$771.2M
Q2 24
$650.1M
Q1 24
$598.3M
Total Assets
NOA
NOA
SEE
SEE
Q4 25
$7.0B
Q3 25
$1.7B
$7.1B
Q2 25
$1.7B
$7.2B
Q1 25
$1.7B
$7.0B
Q4 24
$7.0B
Q3 24
$1.5B
$7.3B
Q2 24
$1.5B
$7.3B
Q1 24
$1.5B
$7.2B
Debt / Equity
NOA
NOA
SEE
SEE
Q4 25
2.65×
Q3 25
3.34×
Q2 25
4.18×
Q1 25
5.26×
Q4 24
6.72×
Q3 24
5.62×
Q2 24
6.81×
Q1 24
7.49×

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
SEE
SEE
Operating Cash FlowLast quarter
$140.7M
$293.6M
Free Cash FlowOCF − Capex
$257.7M
FCF MarginFCF / Revenue
18.5%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
3.47×
6.70×
TTM Free Cash FlowTrailing 4 quarters
$458.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOA
NOA
SEE
SEE
Q4 25
$293.6M
Q3 25
$140.7M
$165.9M
Q2 25
$85.4M
$136.6M
Q1 25
$19.0M
$31.9M
Q4 24
$244.2M
Q3 24
$109.5M
$170.5M
Q2 24
$72.0M
$188.2M
Q1 24
$31.8M
$125.1M
Free Cash Flow
NOA
NOA
SEE
SEE
Q4 25
$257.7M
Q3 25
$119.6M
Q2 25
$93.2M
Q1 25
$-12.0M
Q4 24
$185.1M
Q3 24
$115.2M
Q2 24
$129.5M
Q1 24
$78.0M
FCF Margin
NOA
NOA
SEE
SEE
Q4 25
18.5%
Q3 25
8.9%
Q2 25
7.0%
Q1 25
-0.9%
Q4 24
13.6%
Q3 24
8.6%
Q2 24
9.7%
Q1 24
5.9%
Capex Intensity
NOA
NOA
SEE
SEE
Q4 25
2.6%
Q3 25
3.4%
Q2 25
3.3%
Q1 25
3.5%
Q4 24
4.4%
Q3 24
4.1%
Q2 24
4.4%
Q1 24
3.6%
Cash Conversion
NOA
NOA
SEE
SEE
Q4 25
6.70×
Q3 25
3.47×
0.65×
Q2 25
3.28×
1.47×
Q1 25
1.65×
0.28×
Q4 24
Q3 24
2.41×
1.86×
Q2 24
2.11×
1.91×
Q1 24
1.46×
1.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NOA
NOA

Segment breakdown not available.

SEE
SEE

Protective Segment$1.1B78%
Other$292.0M21%
Pension Plans Defined Benefit$7.9M1%

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