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Side-by-side financial comparison of North American Construction Group Ltd. (NOA) and TFI International Inc. (TFII). Click either name above to swap in a different company.

TFI International Inc. is the larger business by last-quarter revenue ($921.9M vs $860.2M, roughly 1.1× North American Construction Group Ltd.).

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.

TFI International Inc. is a Canadian transport and logistics company based in Saint-Laurent, Quebec, a borough of Montreal. It operates primarily in Canada, the United States, and Mexico through 4 business segments: less than truckload (LTL), package and courier, logistics, and truckload. It has Canada's largest LTL business, largest trucking fleet, and in 2021 was ranked 6th in terms of revenue among both LTL and truckload North American carriers. Its trucking fleet consists of over 14,000 c...

NOA vs TFII — Head-to-Head

Bigger by revenue
TFII
TFII
1.1× larger
TFII
$921.9M
$860.2M
NOA

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
NOA
NOA
TFII
TFII
Revenue
$860.2M
$921.9M
Net Profit
$40.5M
Gross Margin
19.7%
Operating Margin
15.4%
8.4%
Net Margin
4.7%
Revenue YoY
Net Profit YoY
EPS (diluted)

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
TFII
TFII
Q3 25
$860.2M
$921.9M
Q2 25
$573.3M
$2.0B
Q1 25
$297.0M
$2.0B
Q3 24
$636.4M
$1.0B
Q2 24
$439.5M
$2.3B
Q1 24
$244.3M
$1.9B
Q3 23
$970.0M
Q2 23
$344.7M
Net Profit
NOA
NOA
TFII
TFII
Q3 25
$40.5M
Q2 25
$26.0M
$98.2M
Q1 25
$11.5M
$56.0M
Q3 24
$45.5M
Q2 24
$34.1M
$117.8M
Q1 24
$21.8M
$92.8M
Q3 23
$-26.2M
Q2 23
$21.1M
Gross Margin
NOA
NOA
TFII
TFII
Q3 25
19.7%
Q2 25
18.1%
Q1 25
18.0%
Q3 24
14.0%
Q2 24
14.3%
Q1 24
16.8%
Q3 23
Q2 23
10.0%
Operating Margin
NOA
NOA
TFII
TFII
Q3 25
15.4%
8.4%
Q2 25
13.6%
8.4%
Q1 25
13.0%
5.8%
Q3 24
7.9%
9.5%
Q2 24
8.2%
9.2%
Q1 24
10.5%
8.1%
Q3 23
-2.0%
Q2 23
6.4%
Net Margin
NOA
NOA
TFII
TFII
Q3 25
4.7%
Q2 25
4.5%
4.8%
Q1 25
3.9%
2.9%
Q3 24
7.1%
Q2 24
7.8%
5.2%
Q1 24
8.9%
5.0%
Q3 23
-2.7%
Q2 23
6.1%

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
TFII
TFII
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
TFII
TFII
Q3 25
$140.7M
Q2 25
$85.4M
Q1 25
$19.0M
Q3 24
$109.5M
Q2 24
$72.0M
Q1 24
$31.8M
Q3 23
Q2 23
$59.7M
Cash Conversion
NOA
NOA
TFII
TFII
Q3 25
3.47×
Q2 25
3.28×
Q1 25
1.65×
Q3 24
2.41×
Q2 24
2.11×
Q1 24
1.46×
Q3 23
Q2 23
2.83×

Financial Flow Comparison

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

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