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Side-by-side financial comparison of North American Construction Group Ltd. (NOA) and UNITED THERAPEUTICS Corp (UTHR). 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 $790.2M, roughly 1.1× UNITED THERAPEUTICS Corp). UNITED THERAPEUTICS Corp runs the higher net margin — 46.1% vs 4.7%, a 41.4% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs 8.0%).

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.

United Therapeutics Corporation is an American biotechnology company that develops pharmaceuticals and technologies related to organ transplantation, including xenotransplantation. Many of the company's products are focused towards lung disease and organ manufacturing. United Therapeutics is co-headquartered in Silver Spring, Maryland and Research Triangle Park, North Carolina, with additional facilities in Magog and Bromont, Quebec; Melbourne and Jacksonville, Florida; Blacksburg, Virginia; ...

NOA vs UTHR — Head-to-Head

Bigger by revenue
NOA
NOA
1.1× larger
NOA
$860.2M
$790.2M
UTHR
Higher net margin
UTHR
UTHR
41.4% more per $
UTHR
46.1%
4.7%
NOA
Faster 2-yr revenue CAGR
NOA
NOA
Annualised
NOA
58.0%
8.0%
UTHR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NOA
NOA
UTHR
UTHR
Revenue
$860.2M
$790.2M
Net Profit
$40.5M
$364.3M
Gross Margin
19.7%
86.9%
Operating Margin
15.4%
45.1%
Net Margin
4.7%
46.1%
Revenue YoY
7.4%
Net Profit YoY
20.9%
EPS (diluted)
$7.66

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
UTHR
UTHR
Q4 25
$790.2M
Q3 25
$860.2M
$799.5M
Q2 25
$573.3M
$798.6M
Q1 25
$297.0M
$794.4M
Q4 24
$735.9M
Q3 24
$636.4M
$748.9M
Q2 24
$439.5M
$714.9M
Q1 24
$244.3M
$677.7M
Net Profit
NOA
NOA
UTHR
UTHR
Q4 25
$364.3M
Q3 25
$40.5M
$338.7M
Q2 25
$26.0M
$309.5M
Q1 25
$11.5M
$322.2M
Q4 24
$301.3M
Q3 24
$45.5M
$309.1M
Q2 24
$34.1M
$278.1M
Q1 24
$21.8M
$306.6M
Gross Margin
NOA
NOA
UTHR
UTHR
Q4 25
86.9%
Q3 25
19.7%
87.4%
Q2 25
18.1%
89.0%
Q1 25
18.0%
88.4%
Q4 24
89.7%
Q3 24
14.0%
88.9%
Q2 24
14.3%
89.1%
Q1 24
16.8%
89.2%
Operating Margin
NOA
NOA
UTHR
UTHR
Q4 25
45.1%
Q3 25
15.4%
48.6%
Q2 25
13.6%
45.6%
Q1 25
13.0%
48.2%
Q4 24
48.6%
Q3 24
7.9%
45.8%
Q2 24
8.2%
44.7%
Q1 24
10.5%
52.6%
Net Margin
NOA
NOA
UTHR
UTHR
Q4 25
46.1%
Q3 25
4.7%
42.4%
Q2 25
4.5%
38.8%
Q1 25
3.9%
40.6%
Q4 24
40.9%
Q3 24
7.1%
41.3%
Q2 24
7.8%
38.9%
Q1 24
8.9%
45.2%
EPS (diluted)
NOA
NOA
UTHR
UTHR
Q4 25
$7.66
Q3 25
$7.16
Q2 25
$6.41
Q1 25
$6.63
Q4 24
$6.23
Q3 24
$6.39
Q2 24
$5.85
Q1 24
$6.17

Balance Sheet & Financial Strength

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

Metric
NOA
NOA
UTHR
UTHR
Cash + ST InvestmentsLiquidity on hand
$2.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$7.1B
Total Assets
$1.7B
$7.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOA
NOA
UTHR
UTHR
Q4 25
$2.9B
Q3 25
$2.8B
Q2 25
$3.0B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$3.3B
Q2 24
$3.0B
Q1 24
$2.7B
Stockholders' Equity
NOA
NOA
UTHR
UTHR
Q4 25
$7.1B
Q3 25
$6.6B
Q2 25
$7.2B
Q1 25
$6.8B
Q4 24
$6.4B
Q3 24
$6.1B
Q2 24
$5.7B
Q1 24
$5.3B
Total Assets
NOA
NOA
UTHR
UTHR
Q4 25
$7.9B
Q3 25
$1.7B
$7.4B
Q2 25
$1.7B
$7.9B
Q1 25
$1.7B
$7.7B
Q4 24
$7.4B
Q3 24
$1.5B
$7.1B
Q2 24
$1.5B
$6.7B
Q1 24
$1.5B
$6.5B

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
UTHR
UTHR
Operating Cash FlowLast quarter
$140.7M
$346.2M
Free Cash FlowOCF − Capex
$173.3M
FCF MarginFCF / Revenue
21.9%
Capex IntensityCapex / Revenue
21.9%
Cash ConversionOCF / Net Profit
3.47×
0.95×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOA
NOA
UTHR
UTHR
Q4 25
$346.2M
Q3 25
$140.7M
$562.1M
Q2 25
$85.4M
$191.7M
Q1 25
$19.0M
$461.2M
Q4 24
$341.2M
Q3 24
$109.5M
$377.2M
Q2 24
$72.0M
$232.2M
Q1 24
$31.8M
$376.5M
Free Cash Flow
NOA
NOA
UTHR
UTHR
Q4 25
$173.3M
Q3 25
$351.6M
Q2 25
$129.5M
Q1 25
$386.3M
Q4 24
$254.5M
Q3 24
$300.7M
Q2 24
$187.1M
Q1 24
$338.3M
FCF Margin
NOA
NOA
UTHR
UTHR
Q4 25
21.9%
Q3 25
44.0%
Q2 25
16.2%
Q1 25
48.6%
Q4 24
34.6%
Q3 24
40.2%
Q2 24
26.2%
Q1 24
49.9%
Capex Intensity
NOA
NOA
UTHR
UTHR
Q4 25
21.9%
Q3 25
26.3%
Q2 25
7.8%
Q1 25
9.4%
Q4 24
11.8%
Q3 24
10.2%
Q2 24
6.3%
Q1 24
5.6%
Cash Conversion
NOA
NOA
UTHR
UTHR
Q4 25
0.95×
Q3 25
3.47×
1.66×
Q2 25
3.28×
0.62×
Q1 25
1.65×
1.43×
Q4 24
1.13×
Q3 24
2.41×
1.22×
Q2 24
2.11×
0.83×
Q1 24
1.46×
1.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NOA
NOA

Segment breakdown not available.

UTHR
UTHR

Tyvaso DPI$338.6M43%
Remodulin$128.0M16%
Nebulized Tyvaso$125.7M16%
Orenitram$121.2M15%
Unituxin$62.3M8%
Adcirca$7.8M1%
Other$6.6M1%

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