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Side-by-side financial comparison of North American Construction Group Ltd. (NOA) and Simpson Manufacturing Co., Inc. (SSD). 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 $588.0M, roughly 1.5× Simpson Manufacturing Co., Inc.). Simpson Manufacturing Co., Inc. runs the higher net margin — 15.0% vs 4.7%, a 10.3% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs -0.8%).

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.

Simpson Manufacturing Company is a leading building materials manufacturer in the United States that produces structural connectors, fasteners, anchors, and products for new construction and retrofitting.

NOA vs SSD — Head-to-Head

Bigger by revenue
NOA
NOA
1.5× larger
NOA
$860.2M
$588.0M
SSD
Higher net margin
SSD
SSD
10.3% more per $
SSD
15.0%
4.7%
NOA
Faster 2-yr revenue CAGR
NOA
NOA
Annualised
NOA
58.0%
-0.8%
SSD

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
NOA
NOA
SSD
SSD
Revenue
$860.2M
$588.0M
Net Profit
$40.5M
$88.2M
Gross Margin
19.7%
45.2%
Operating Margin
15.4%
19.5%
Net Margin
4.7%
15.0%
Revenue YoY
9.1%
Net Profit YoY
13.3%
EPS (diluted)
$2.13

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
SSD
SSD
Q1 26
$588.0M
Q4 25
$539.3M
Q3 25
$860.2M
$623.5M
Q2 25
$573.3M
$631.1M
Q1 25
$297.0M
$538.9M
Q4 24
$517.4M
Q3 24
$636.4M
$587.2M
Q2 24
$439.5M
$597.0M
Net Profit
NOA
NOA
SSD
SSD
Q1 26
$88.2M
Q4 25
$56.2M
Q3 25
$40.5M
$107.4M
Q2 25
$26.0M
$103.5M
Q1 25
$11.5M
$77.9M
Q4 24
$55.4M
Q3 24
$45.5M
$93.5M
Q2 24
$34.1M
$97.8M
Gross Margin
NOA
NOA
SSD
SSD
Q1 26
45.2%
Q4 25
43.4%
Q3 25
19.7%
46.4%
Q2 25
18.1%
46.7%
Q1 25
18.0%
46.8%
Q4 24
44.0%
Q3 24
14.0%
46.8%
Q2 24
14.3%
46.7%
Operating Margin
NOA
NOA
SSD
SSD
Q1 26
19.5%
Q4 25
13.9%
Q3 25
15.4%
22.6%
Q2 25
13.6%
22.2%
Q1 25
13.0%
19.0%
Q4 24
14.8%
Q3 24
7.9%
21.3%
Q2 24
8.2%
22.1%
Net Margin
NOA
NOA
SSD
SSD
Q1 26
15.0%
Q4 25
10.4%
Q3 25
4.7%
17.2%
Q2 25
4.5%
16.4%
Q1 25
3.9%
14.5%
Q4 24
10.7%
Q3 24
7.1%
15.9%
Q2 24
7.8%
16.4%
EPS (diluted)
NOA
NOA
SSD
SSD
Q1 26
$2.13
Q4 25
$1.34
Q3 25
$2.58
Q2 25
$2.47
Q1 25
$1.85
Q4 24
$1.31
Q3 24
$2.21
Q2 24
$2.31

Balance Sheet & Financial Strength

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

Metric
NOA
NOA
SSD
SSD
Cash + ST InvestmentsLiquidity on hand
$341.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
Total Assets
$1.7B
$3.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOA
NOA
SSD
SSD
Q1 26
$341.0M
Q4 25
$384.1M
Q3 25
$297.3M
Q2 25
$190.4M
Q1 25
$150.3M
Q4 24
$239.4M
Q3 24
$339.4M
Q2 24
$354.9M
Total Debt
NOA
NOA
SSD
SSD
Q1 26
Q4 25
$300.0M
Q3 25
$371.3M
Q2 25
$376.9M
Q1 25
$382.5M
Q4 24
$388.1M
Q3 24
$393.8M
Q2 24
$399.4M
Stockholders' Equity
NOA
NOA
SSD
SSD
Q1 26
$2.1B
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$1.8B
Total Assets
NOA
NOA
SSD
SSD
Q1 26
$3.0B
Q4 25
$3.1B
Q3 25
$1.7B
$3.0B
Q2 25
$1.7B
$3.0B
Q1 25
$1.7B
$2.8B
Q4 24
$2.7B
Q3 24
$1.5B
$2.9B
Q2 24
$1.5B
$2.8B
Debt / Equity
NOA
NOA
SSD
SSD
Q1 26
Q4 25
0.15×
Q3 25
0.19×
Q2 25
0.20×
Q1 25
0.21×
Q4 24
0.21×
Q3 24
0.21×
Q2 24
0.23×

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
SSD
SSD
Operating Cash FlowLast quarter
$140.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.47×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOA
NOA
SSD
SSD
Q1 26
Q4 25
$155.7M
Q3 25
$140.7M
$170.2M
Q2 25
$85.4M
$125.2M
Q1 25
$19.0M
$7.6M
Q4 24
$115.8M
Q3 24
$109.5M
$103.3M
Q2 24
$72.0M
$111.1M
Free Cash Flow
NOA
NOA
SSD
SSD
Q1 26
Q4 25
$119.0M
Q3 25
$133.9M
Q2 25
$87.3M
Q1 25
$-42.6M
Q4 24
$60.3M
Q3 24
$58.1M
Q2 24
$70.9M
FCF Margin
NOA
NOA
SSD
SSD
Q1 26
Q4 25
22.1%
Q3 25
21.5%
Q2 25
13.8%
Q1 25
-7.9%
Q4 24
11.7%
Q3 24
9.9%
Q2 24
11.9%
Capex Intensity
NOA
NOA
SSD
SSD
Q1 26
Q4 25
6.8%
Q3 25
5.8%
Q2 25
6.0%
Q1 25
9.3%
Q4 24
10.7%
Q3 24
7.7%
Q2 24
6.7%
Cash Conversion
NOA
NOA
SSD
SSD
Q1 26
Q4 25
2.77×
Q3 25
3.47×
1.58×
Q2 25
3.28×
1.21×
Q1 25
1.65×
0.10×
Q4 24
2.09×
Q3 24
2.41×
1.10×
Q2 24
2.11×
1.14×

Financial Flow Comparison

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

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