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

Veralto is the larger business by last-quarter revenue ($1.4B vs $860.2M, roughly 1.7× North American Construction Group Ltd.). Veralto runs the higher net margin — 17.9% vs 4.7%, a 13.2% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs 6.8%).

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.

Veralto Corporation is an American technology company headquartered in Waltham, Massachusetts. It produces products related to water analytics, water treatment, marking and coding, and packaging and color.

NOA vs VLTO — Head-to-Head

Bigger by revenue
VLTO
VLTO
1.7× larger
VLTO
$1.4B
$860.2M
NOA
Higher net margin
VLTO
VLTO
13.2% more per $
VLTO
17.9%
4.7%
NOA
Faster 2-yr revenue CAGR
NOA
NOA
Annualised
NOA
58.0%
6.8%
VLTO

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
NOA
NOA
VLTO
VLTO
Revenue
$860.2M
$1.4B
Net Profit
$40.5M
$254.0M
Gross Margin
19.7%
60.1%
Operating Margin
15.4%
23.8%
Net Margin
4.7%
17.9%
Revenue YoY
6.8%
Net Profit YoY
12.9%
EPS (diluted)
$1.02

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
VLTO
VLTO
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$860.2M
$1.4B
Q2 25
$573.3M
$1.3B
Q1 25
$297.0M
Q4 24
$1.3B
Q3 24
$636.4M
$1.3B
Q2 24
$439.5M
$1.3B
Net Profit
NOA
NOA
VLTO
VLTO
Q1 26
$254.0M
Q4 25
$239.0M
Q3 25
$40.5M
$222.0M
Q2 25
$26.0M
$225.0M
Q1 25
$11.5M
Q4 24
$227.0M
Q3 24
$45.5M
$219.0M
Q2 24
$34.1M
$203.0M
Gross Margin
NOA
NOA
VLTO
VLTO
Q1 26
60.1%
Q4 25
60.1%
Q3 25
19.7%
60.0%
Q2 25
18.1%
60.4%
Q1 25
18.0%
Q4 24
59.6%
Q3 24
14.0%
59.6%
Q2 24
14.3%
60.1%
Operating Margin
NOA
NOA
VLTO
VLTO
Q1 26
23.8%
Q4 25
23.2%
Q3 25
15.4%
22.8%
Q2 25
13.6%
24.2%
Q1 25
13.0%
Q4 24
22.9%
Q3 24
7.9%
23.4%
Q2 24
8.2%
23.2%
Net Margin
NOA
NOA
VLTO
VLTO
Q1 26
17.9%
Q4 25
17.0%
Q3 25
4.7%
16.2%
Q2 25
4.5%
16.9%
Q1 25
3.9%
Q4 24
16.9%
Q3 24
7.1%
16.7%
Q2 24
7.8%
15.8%
EPS (diluted)
NOA
NOA
VLTO
VLTO
Q1 26
$1.02
Q4 25
$0.95
Q3 25
$0.89
Q2 25
$0.90
Q1 25
Q4 24
$0.91
Q3 24
$0.88
Q2 24
$0.81

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
VLTO
VLTO
Operating Cash FlowLast quarter
$140.7M
$182.0M
Free Cash FlowOCF − Capex
$170.0M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
3.47×
0.72×
TTM Free Cash FlowTrailing 4 quarters
$893.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOA
NOA
VLTO
VLTO
Q1 26
$182.0M
Q4 25
$270.0M
Q3 25
$140.7M
$339.0M
Q2 25
$85.4M
$157.0M
Q1 25
$19.0M
Q4 24
$285.0M
Q3 24
$109.5M
$224.0M
Q2 24
$72.0M
$251.0M
Free Cash Flow
NOA
NOA
VLTO
VLTO
Q1 26
$170.0M
Q4 25
$258.0M
Q3 25
$323.0M
Q2 25
$142.0M
Q1 25
Q4 24
$263.0M
Q3 24
$215.0M
Q2 24
$240.0M
FCF Margin
NOA
NOA
VLTO
VLTO
Q1 26
12.0%
Q4 25
18.4%
Q3 25
23.6%
Q2 25
10.7%
Q1 25
Q4 24
19.6%
Q3 24
16.4%
Q2 24
18.6%
Capex Intensity
NOA
NOA
VLTO
VLTO
Q1 26
0.8%
Q4 25
0.9%
Q3 25
1.2%
Q2 25
1.1%
Q1 25
Q4 24
1.6%
Q3 24
0.7%
Q2 24
0.9%
Cash Conversion
NOA
NOA
VLTO
VLTO
Q1 26
0.72×
Q4 25
1.13×
Q3 25
3.47×
1.53×
Q2 25
3.28×
0.70×
Q1 25
1.65×
Q4 24
1.26×
Q3 24
2.41×
1.02×
Q2 24
2.11×
1.24×

Financial Flow Comparison

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

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