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Side-by-side financial comparison of North American Construction Group Ltd. (NOA) and EXPRO GROUP HOLDINGS N.V. (XPRO). 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 $382.1M, roughly 2.3× EXPRO GROUP HOLDINGS N.V.). North American Construction Group Ltd. runs the higher net margin — 4.7% vs 1.5%, a 3.2% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs -0.2%).

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.

Expro is an energy services provider headquartered in Houston, Texas, United States.

NOA vs XPRO — Head-to-Head

Bigger by revenue
NOA
NOA
2.3× larger
NOA
$860.2M
$382.1M
XPRO
Higher net margin
NOA
NOA
3.2% more per $
NOA
4.7%
1.5%
XPRO
Faster 2-yr revenue CAGR
NOA
NOA
Annualised
NOA
58.0%
-0.2%
XPRO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NOA
NOA
XPRO
XPRO
Revenue
$860.2M
$382.1M
Net Profit
$40.5M
$5.8M
Gross Margin
19.7%
Operating Margin
15.4%
3.1%
Net Margin
4.7%
1.5%
Revenue YoY
-12.5%
Net Profit YoY
-74.9%
EPS (diluted)
$0.05

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
XPRO
XPRO
Q4 25
$382.1M
Q3 25
$860.2M
$411.4M
Q2 25
$573.3M
$422.7M
Q1 25
$297.0M
$390.9M
Q4 24
$436.8M
Q3 24
$636.4M
$422.8M
Q2 24
$439.5M
$469.6M
Q1 24
$244.3M
$383.5M
Net Profit
NOA
NOA
XPRO
XPRO
Q4 25
$5.8M
Q3 25
$40.5M
$14.0M
Q2 25
$26.0M
$18.0M
Q1 25
$11.5M
$13.9M
Q4 24
$23.0M
Q3 24
$45.5M
$16.3M
Q2 24
$34.1M
$15.3M
Q1 24
$21.8M
$-2.7M
Gross Margin
NOA
NOA
XPRO
XPRO
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
XPRO
XPRO
Q4 25
3.1%
Q3 25
15.4%
6.4%
Q2 25
13.6%
7.7%
Q1 25
13.0%
2.6%
Q4 24
7.3%
Q3 24
7.9%
6.2%
Q2 24
8.2%
5.9%
Q1 24
10.5%
2.2%
Net Margin
NOA
NOA
XPRO
XPRO
Q4 25
1.5%
Q3 25
4.7%
3.4%
Q2 25
4.5%
4.3%
Q1 25
3.9%
3.6%
Q4 24
5.3%
Q3 24
7.1%
3.8%
Q2 24
7.8%
3.3%
Q1 24
8.9%
-0.7%
EPS (diluted)
NOA
NOA
XPRO
XPRO
Q4 25
$0.05
Q3 25
$0.12
Q2 25
$0.16
Q1 25
$0.12
Q4 24
$0.20
Q3 24
$0.14
Q2 24
$0.13
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
NOA
NOA
XPRO
XPRO
Cash + ST InvestmentsLiquidity on hand
$196.1M
Total DebtLower is stronger
$79.1M
Stockholders' EquityBook value
$1.5B
Total Assets
$1.7B
$2.3B
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOA
NOA
XPRO
XPRO
Q4 25
$196.1M
Q3 25
$197.9M
Q2 25
$206.8M
Q1 25
$179.3M
Q4 24
$183.0M
Q3 24
$165.7M
Q2 24
$133.5M
Q1 24
$163.2M
Total Debt
NOA
NOA
XPRO
XPRO
Q4 25
$79.1M
Q3 25
$99.1M
Q2 25
$121.1M
Q1 25
$121.1M
Q4 24
$121.1M
Q3 24
$121.1M
Q2 24
$121.1M
Q1 24
$40.0M
Stockholders' Equity
NOA
NOA
XPRO
XPRO
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.3B
Total Assets
NOA
NOA
XPRO
XPRO
Q4 25
$2.3B
Q3 25
$1.7B
$2.3B
Q2 25
$1.7B
$2.3B
Q1 25
$1.7B
$2.3B
Q4 24
$2.3B
Q3 24
$1.5B
$2.3B
Q2 24
$1.5B
$2.3B
Q1 24
$1.5B
$2.0B
Debt / Equity
NOA
NOA
XPRO
XPRO
Q4 25
0.05×
Q3 25
0.07×
Q2 25
0.08×
Q1 25
0.08×
Q4 24
0.08×
Q3 24
0.08×
Q2 24
0.08×
Q1 24
0.03×

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
XPRO
XPRO
Operating Cash FlowLast quarter
$140.7M
$57.1M
Free Cash FlowOCF − Capex
$23.2M
FCF MarginFCF / Revenue
6.1%
Capex IntensityCapex / Revenue
8.9%
Cash ConversionOCF / Net Profit
3.47×
9.89×
TTM Free Cash FlowTrailing 4 quarters
$97.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOA
NOA
XPRO
XPRO
Q4 25
$57.1M
Q3 25
$140.7M
$63.2M
Q2 25
$85.4M
$48.4M
Q1 25
$19.0M
$41.5M
Q4 24
$97.4M
Q3 24
$109.5M
$55.3M
Q2 24
$72.0M
$-13.2M
Q1 24
$31.8M
$29.9M
Free Cash Flow
NOA
NOA
XPRO
XPRO
Q4 25
$23.2M
Q3 25
$39.0M
Q2 25
$27.2M
Q1 25
$8.4M
Q4 24
$53.0M
Q3 24
$23.3M
Q2 24
$-49.5M
Q1 24
$-801.0K
FCF Margin
NOA
NOA
XPRO
XPRO
Q4 25
6.1%
Q3 25
9.5%
Q2 25
6.4%
Q1 25
2.1%
Q4 24
12.1%
Q3 24
5.5%
Q2 24
-10.5%
Q1 24
-0.2%
Capex Intensity
NOA
NOA
XPRO
XPRO
Q4 25
8.9%
Q3 25
5.9%
Q2 25
5.0%
Q1 25
8.5%
Q4 24
10.2%
Q3 24
7.6%
Q2 24
7.7%
Q1 24
8.0%
Cash Conversion
NOA
NOA
XPRO
XPRO
Q4 25
9.89×
Q3 25
3.47×
4.52×
Q2 25
3.28×
2.69×
Q1 25
1.65×
2.98×
Q4 24
4.23×
Q3 24
2.41×
3.40×
Q2 24
2.11×
-0.86×
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.

XPRO
XPRO

NLA$130.3M34%
ESSA$116.3M30%
MENA$93.0M24%
Other$42.5M11%

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