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Side-by-side financial comparison of North American Construction Group Ltd. (NOA) and Teladoc Health, Inc. (TDOC). 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 $642.3M, roughly 1.3× Teladoc Health, Inc.). Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs -0.3%).

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.

Teladoc Health, Inc. is a multinational telemedicine and virtual healthcare company headquartered in New York, New York, United States that was founded in 2002. Primary services include telehealth, medical opinions, AI and analytics, telehealth devices and licensable platform services. In particular, Teladoc Health uses telephone and videoconferencing software as well as mobile apps to provide on-demand remote medical care.

NOA vs TDOC — Head-to-Head

Bigger by revenue
NOA
NOA
1.3× larger
NOA
$860.2M
$642.3M
TDOC
Faster 2-yr revenue CAGR
NOA
NOA
Annualised
NOA
58.0%
-0.3%
TDOC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NOA
NOA
TDOC
TDOC
Revenue
$860.2M
$642.3M
Net Profit
$40.5M
Gross Margin
19.7%
Operating Margin
15.4%
-5.6%
Net Margin
4.7%
Revenue YoY
0.3%
Net Profit YoY
EPS (diluted)
$-0.14

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
TDOC
TDOC
Q4 25
$642.3M
Q3 25
$860.2M
$626.4M
Q2 25
$573.3M
$631.9M
Q1 25
$297.0M
$629.4M
Q4 24
$640.5M
Q3 24
$636.4M
$640.5M
Q2 24
$439.5M
$642.4M
Q1 24
$244.3M
$646.1M
Net Profit
NOA
NOA
TDOC
TDOC
Q4 25
Q3 25
$40.5M
$-49.5M
Q2 25
$26.0M
$-32.7M
Q1 25
$11.5M
$-93.0M
Q4 24
Q3 24
$45.5M
$-33.3M
Q2 24
$34.1M
$-837.7M
Q1 24
$21.8M
$-81.9M
Gross Margin
NOA
NOA
TDOC
TDOC
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%
Operating Margin
NOA
NOA
TDOC
TDOC
Q4 25
-5.6%
Q3 25
15.4%
-8.3%
Q2 25
13.6%
-8.6%
Q1 25
13.0%
-19.2%
Q4 24
-7.5%
Q3 24
7.9%
-6.9%
Q2 24
8.2%
-130.9%
Q1 24
10.5%
-13.5%
Net Margin
NOA
NOA
TDOC
TDOC
Q4 25
Q3 25
4.7%
-7.9%
Q2 25
4.5%
-5.2%
Q1 25
3.9%
-14.8%
Q4 24
Q3 24
7.1%
-5.2%
Q2 24
7.8%
-130.4%
Q1 24
8.9%
-12.7%
EPS (diluted)
NOA
NOA
TDOC
TDOC
Q4 25
$-0.14
Q3 25
$-0.28
Q2 25
$-0.19
Q1 25
$-0.53
Q4 24
$-0.27
Q3 24
$-0.19
Q2 24
$-4.92
Q1 24
$-0.49

Balance Sheet & Financial Strength

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

Metric
NOA
NOA
TDOC
TDOC
Cash + ST InvestmentsLiquidity on hand
$781.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
Total Assets
$1.7B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOA
NOA
TDOC
TDOC
Q4 25
$781.1M
Q3 25
$726.2M
Q2 25
$679.6M
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.1B
Stockholders' Equity
NOA
NOA
TDOC
TDOC
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$2.3B
Total Assets
NOA
NOA
TDOC
TDOC
Q4 25
$2.9B
Q3 25
$1.7B
$2.9B
Q2 25
$1.7B
$2.9B
Q1 25
$1.7B
$3.4B
Q4 24
$3.5B
Q3 24
$1.5B
$3.5B
Q2 24
$1.5B
$3.5B
Q1 24
$1.5B
$4.3B

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
TDOC
TDOC
Operating Cash FlowLast quarter
$140.7M
$87.7M
Free Cash FlowOCF − Capex
$85.1M
FCF MarginFCF / Revenue
13.3%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
3.47×
TTM Free Cash FlowTrailing 4 quarters
$285.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOA
NOA
TDOC
TDOC
Q4 25
$87.7M
Q3 25
$140.7M
$99.3M
Q2 25
$85.4M
$91.4M
Q1 25
$19.0M
$15.9M
Q4 24
$85.9M
Q3 24
$109.5M
$110.2M
Q2 24
$72.0M
$88.7M
Q1 24
$31.8M
$8.9M
Free Cash Flow
NOA
NOA
TDOC
TDOC
Q4 25
$85.1M
Q3 25
$97.0M
Q2 25
$90.2M
Q1 25
$13.2M
Q4 24
$79.8M
Q3 24
$108.6M
Q2 24
$86.8M
Q1 24
$7.8M
FCF Margin
NOA
NOA
TDOC
TDOC
Q4 25
13.3%
Q3 25
15.5%
Q2 25
14.3%
Q1 25
2.1%
Q4 24
12.5%
Q3 24
17.0%
Q2 24
13.5%
Q1 24
1.2%
Capex Intensity
NOA
NOA
TDOC
TDOC
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.2%
Q1 25
0.4%
Q4 24
1.0%
Q3 24
0.2%
Q2 24
0.3%
Q1 24
0.2%
Cash Conversion
NOA
NOA
TDOC
TDOC
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
NOA

Segment breakdown not available.

TDOC
TDOC

Teladoc Health Integrated Care$409.1M64%
Better Help$233.2M36%

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