vs

Side-by-side financial comparison of North American Construction Group Ltd. (NOA) and Unity Software Inc. (U). 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 $503.1M, roughly 1.7× Unity Software Inc.). North American Construction Group Ltd. runs the higher net margin — 4.7% vs -17.9%, a 22.6% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs 4.5%).

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.

Unity Software Inc. is an American video game software development company based in San Francisco. It was founded in Denmark in 2004 as Over the Edge Entertainment and changed its name in 2007. Unity Technologies is best known for the development of Unity, a licensed game engine used to create video games and other applications.

NOA vs U — Head-to-Head

Bigger by revenue
NOA
NOA
1.7× larger
NOA
$860.2M
$503.1M
U
Higher net margin
NOA
NOA
22.6% more per $
NOA
4.7%
-17.9%
U
Faster 2-yr revenue CAGR
NOA
NOA
Annualised
NOA
58.0%
4.5%
U

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NOA
NOA
U
U
Revenue
$860.2M
$503.1M
Net Profit
$40.5M
$-90.0M
Gross Margin
19.7%
74.3%
Operating Margin
15.4%
-21.2%
Net Margin
4.7%
-17.9%
Revenue YoY
10.1%
Net Profit YoY
26.7%
EPS (diluted)
$-0.21

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
U
U
Q4 25
$503.1M
Q3 25
$860.2M
$470.6M
Q2 25
$573.3M
$440.9M
Q1 25
$297.0M
$435.0M
Q4 24
$457.1M
Q3 24
$636.4M
$446.5M
Q2 24
$439.5M
$449.3M
Q1 24
$244.3M
$460.4M
Net Profit
NOA
NOA
U
U
Q4 25
$-90.0M
Q3 25
$40.5M
$-126.4M
Q2 25
$26.0M
$-108.8M
Q1 25
$11.5M
$-77.6M
Q4 24
$-122.7M
Q3 24
$45.5M
$-124.7M
Q2 24
$34.1M
$-125.6M
Q1 24
$21.8M
$-291.1M
Gross Margin
NOA
NOA
U
U
Q4 25
74.3%
Q3 25
19.7%
74.4%
Q2 25
18.1%
74.1%
Q1 25
18.0%
73.8%
Q4 24
74.7%
Q3 24
14.0%
74.9%
Q2 24
14.3%
75.8%
Q1 24
16.8%
68.6%
Operating Margin
NOA
NOA
U
U
Q4 25
-21.2%
Q3 25
15.4%
-26.7%
Q2 25
13.6%
-26.9%
Q1 25
13.0%
-29.4%
Q4 24
-27.1%
Q3 24
7.9%
-28.5%
Q2 24
8.2%
-28.8%
Q1 24
10.5%
-81.4%
Net Margin
NOA
NOA
U
U
Q4 25
-17.9%
Q3 25
4.7%
-26.9%
Q2 25
4.5%
-24.7%
Q1 25
3.9%
-17.8%
Q4 24
-26.8%
Q3 24
7.1%
-27.9%
Q2 24
7.8%
-28.0%
Q1 24
8.9%
-63.2%
EPS (diluted)
NOA
NOA
U
U
Q4 25
$-0.21
Q3 25
$-0.30
Q2 25
$-0.26
Q1 25
$-0.19
Q4 24
$-0.30
Q3 24
$-0.31
Q2 24
$-0.32
Q1 24
$-0.75

Balance Sheet & Financial Strength

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

Metric
NOA
NOA
U
U
Cash + ST InvestmentsLiquidity on hand
$2.1B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2B
Total Assets
$1.7B
$6.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOA
NOA
U
U
Q4 25
$2.1B
Q3 25
$1.9B
Q2 25
$1.7B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.4B
Q2 24
$1.3B
Q1 24
$1.2B
Stockholders' Equity
NOA
NOA
U
U
Q4 25
$3.2B
Q3 25
$3.2B
Q2 25
$3.2B
Q1 25
$3.2B
Q4 24
$3.2B
Q3 24
$3.2B
Q2 24
$3.2B
Q1 24
$3.2B
Total Assets
NOA
NOA
U
U
Q4 25
$6.8B
Q3 25
$1.7B
$6.8B
Q2 25
$1.7B
$6.7B
Q1 25
$1.7B
$6.6B
Q4 24
$6.7B
Q3 24
$1.5B
$6.7B
Q2 24
$1.5B
$6.7B
Q1 24
$1.5B
$6.8B

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
U
U
Operating Cash FlowLast quarter
$140.7M
$121.4M
Free Cash FlowOCF − Capex
$118.7M
FCF MarginFCF / Revenue
23.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
3.47×
TTM Free Cash FlowTrailing 4 quarters
$403.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOA
NOA
U
U
Q4 25
$121.4M
Q3 25
$140.7M
$155.4M
Q2 25
$85.4M
$133.1M
Q1 25
$19.0M
$13.0M
Q4 24
$112.2M
Q3 24
$109.5M
$122.4M
Q2 24
$72.0M
$88.4M
Q1 24
$31.8M
$-7.4M
Free Cash Flow
NOA
NOA
U
U
Q4 25
$118.7M
Q3 25
$151.3M
Q2 25
$126.7M
Q1 25
$7.3M
Q4 24
$105.8M
Q3 24
$115.2M
Q2 24
$79.6M
Q1 24
$-14.6M
FCF Margin
NOA
NOA
U
U
Q4 25
23.6%
Q3 25
32.1%
Q2 25
28.7%
Q1 25
1.7%
Q4 24
23.1%
Q3 24
25.8%
Q2 24
17.7%
Q1 24
-3.2%
Capex Intensity
NOA
NOA
U
U
Q4 25
0.5%
Q3 25
0.9%
Q2 25
1.5%
Q1 25
1.3%
Q4 24
1.4%
Q3 24
1.6%
Q2 24
2.0%
Q1 24
1.6%
Cash Conversion
NOA
NOA
U
U
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.

U
U

Grow Solutions$338.2M67%
Create Solutions$164.9M33%

Related Comparisons