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

SS&C Technologies Holdings Inc is the larger business by last-quarter revenue ($1.6B vs $860.2M, roughly 1.9× North American Construction Group Ltd.). SS&C Technologies Holdings Inc runs the higher net margin — 13.7% vs 4.7%, a 9.0% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs 6.5%).

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.

SS&C Technologies Holdings, Inc. is an American multinational holding company headquartered in Windsor, Connecticut, that sells software and software as a service to the financial services industry. The company has offices in the Americas, Europe, Asia, Africa and Australia.

NOA vs SSNC — Head-to-Head

Bigger by revenue
SSNC
SSNC
1.9× larger
SSNC
$1.6B
$860.2M
NOA
Higher net margin
SSNC
SSNC
9.0% more per $
SSNC
13.7%
4.7%
NOA
Faster 2-yr revenue CAGR
NOA
NOA
Annualised
NOA
58.0%
6.5%
SSNC

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
NOA
NOA
SSNC
SSNC
Revenue
$860.2M
$1.6B
Net Profit
$40.5M
$226.1M
Gross Margin
19.7%
48.7%
Operating Margin
15.4%
24.2%
Net Margin
4.7%
13.7%
Revenue YoY
8.8%
Net Profit YoY
6.2%
EPS (diluted)
$0.91

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
SSNC
SSNC
Q1 26
$1.6B
Q4 25
$1.7B
Q3 25
$860.2M
$1.6B
Q2 25
$573.3M
$1.5B
Q1 25
$297.0M
$1.5B
Q4 24
$1.5B
Q3 24
$636.4M
$1.5B
Q2 24
$439.5M
$1.5B
Net Profit
NOA
NOA
SSNC
SSNC
Q1 26
$226.1M
Q4 25
$193.1M
Q3 25
$40.5M
$210.0M
Q2 25
$26.0M
$180.8M
Q1 25
$11.5M
$213.0M
Q4 24
$248.2M
Q3 24
$45.5M
$164.4M
Q2 24
$34.1M
$190.3M
Gross Margin
NOA
NOA
SSNC
SSNC
Q1 26
48.7%
Q4 25
47.8%
Q3 25
19.7%
47.7%
Q2 25
18.1%
48.0%
Q1 25
18.0%
49.3%
Q4 24
49.3%
Q3 24
14.0%
48.0%
Q2 24
14.3%
48.1%
Operating Margin
NOA
NOA
SSNC
SSNC
Q1 26
24.2%
Q4 25
22.3%
Q3 25
15.4%
23.3%
Q2 25
13.6%
22.4%
Q1 25
13.0%
23.6%
Q4 24
23.4%
Q3 24
7.9%
22.2%
Q2 24
8.2%
22.6%
Net Margin
NOA
NOA
SSNC
SSNC
Q1 26
13.7%
Q4 25
11.7%
Q3 25
4.7%
13.4%
Q2 25
4.5%
11.8%
Q1 25
3.9%
14.1%
Q4 24
16.2%
Q3 24
7.1%
11.2%
Q2 24
7.8%
13.1%
EPS (diluted)
NOA
NOA
SSNC
SSNC
Q1 26
$0.91
Q4 25
$0.76
Q3 25
$0.83
Q2 25
$0.72
Q1 25
$0.84
Q4 24
$0.98
Q3 24
$0.65
Q2 24
$0.75

Balance Sheet & Financial Strength

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

Metric
NOA
NOA
SSNC
SSNC
Cash + ST InvestmentsLiquidity on hand
$420.9M
Total DebtLower is stronger
$7.4B
Stockholders' EquityBook value
$6.9B
Total Assets
$1.7B
$20.3B
Debt / EquityLower = less leverage
1.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOA
NOA
SSNC
SSNC
Q1 26
$420.9M
Q4 25
$462.1M
Q3 25
$388.3M
Q2 25
$480.3M
Q1 25
$515.0M
Q4 24
$567.1M
Q3 24
$694.7M
Q2 24
$462.7M
Total Debt
NOA
NOA
SSNC
SSNC
Q1 26
$7.4B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
NOA
NOA
SSNC
SSNC
Q1 26
$6.9B
Q4 25
$6.9B
Q3 25
$6.9B
Q2 25
$6.9B
Q1 25
$6.8B
Q4 24
$6.5B
Q3 24
$6.8B
Q2 24
$6.4B
Total Assets
NOA
NOA
SSNC
SSNC
Q1 26
$20.3B
Q4 25
$20.7B
Q3 25
$1.7B
$19.5B
Q2 25
$1.7B
$19.0B
Q1 25
$1.7B
$20.4B
Q4 24
$19.0B
Q3 24
$1.5B
$18.4B
Q2 24
$1.5B
$16.9B
Debt / Equity
NOA
NOA
SSNC
SSNC
Q1 26
1.08×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

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
SSNC
SSNC
Operating Cash FlowLast quarter
$140.7M
$299.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
3.47×
1.33×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOA
NOA
SSNC
SSNC
Q1 26
$299.7M
Q4 25
$643.5M
Q3 25
$140.7M
$456.2M
Q2 25
$85.4M
$372.9M
Q1 25
$19.0M
$272.2M
Q4 24
$486.6M
Q3 24
$109.5M
$336.6M
Q2 24
$72.0M
$384.9M
Free Cash Flow
NOA
NOA
SSNC
SSNC
Q1 26
Q4 25
$633.0M
Q3 25
$421.5M
Q2 25
$350.0M
Q1 25
$259.5M
Q4 24
$466.9M
Q3 24
$310.7M
Q2 24
$374.9M
FCF Margin
NOA
NOA
SSNC
SSNC
Q1 26
Q4 25
38.3%
Q3 25
26.9%
Q2 25
22.8%
Q1 25
17.1%
Q4 24
30.5%
Q3 24
21.2%
Q2 24
25.8%
Capex Intensity
NOA
NOA
SSNC
SSNC
Q1 26
0.0%
Q4 25
0.6%
Q3 25
2.2%
Q2 25
1.5%
Q1 25
0.8%
Q4 24
1.3%
Q3 24
1.8%
Q2 24
0.7%
Cash Conversion
NOA
NOA
SSNC
SSNC
Q1 26
1.33×
Q4 25
3.33×
Q3 25
3.47×
2.17×
Q2 25
3.28×
2.06×
Q1 25
1.65×
1.28×
Q4 24
1.96×
Q3 24
2.41×
2.05×
Q2 24
2.11×
2.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NOA
NOA

Segment breakdown not available.

SSNC
SSNC

Technology-enabled services$1.4B85%
License, maintenance and related$239.8M15%

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