North American Construction Group (NOA) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), North American Construction Group had a P/E ratio of 16.47 (down from 18.89), return on equity of 8.0% (down from 11.8%), debt-to-equity of 2.05 (down from 2.12) and a current ratio of 0.88 (down from 1.03). A current ratio of 0.88 means current liabilities exceed current assets. Its dividend yield was 2.41% with a payout ratio of 39.6%.

North American Construction Group Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	16.47	18.89	11.71	7.09	10.62	7.37
P/S Ratio	0.43	0.71	0.77	0.62	0.83	0.73
P/B Ratio	1.22	2.14	2.07	1.56	1.96	1.46
Price/Tangible Book	1.26	2.19	2.12	1.60	1.99	1.46
Price/FCF	-	-	9.82	8.28	10.37	12.30
Price/OCF	2.11	3.44	2.66	2.82	3.30	2.47
Enterprise Value Ratios
EV/Revenue	1.06	1.36	1.19	1.17	1.48	1.61
EV/EBITDA	4.18	4.68	4.99	4.70	6.45	6.23
EV/EBIT	12.42	10.29	11.68	12.49	23.10	20.16
EV/FCF	-	-	15.20	15.54	18.35	27.17
Profitability & Returns
Return on Equity (ROE)	8.00%	11.80%	19.06%	23.06%	19.51%	22.96%
Return on Assets (ROA)	3.91%	5.94%	4.85%	4.85%	3.06%	3.04%
Return on Invested Capital (ROIC)	5.43%	10.66%	8.69%	8.62%	5.42%	5.16%
Return on Capital Employed (ROCE)	7.80%	11.20%	8.00%	9.10%	5.90%	5.40%
Leverage & Solvency Ratios
Debt/Equity	2.05	2.12	2.01	1.42	1.42	1.79
Debt/EBITDA	2.64	2.24	2.96	2.06	2.26	3.19
Debt/FCF	-	-	9.53	7.54	7.51	15.10
Liquidity Ratios
Current Ratio	0.88	1.03	0.91	1.20	0.91	1.09
Quick Ratio	0.68	0.79	0.68	0.88	0.59	0.79
Efficiency Ratios
Asset Turnover	0.73	0.72	0.76	0.83	0.77	0.61
Inventory Turnover	12.51	11.51	11.81	11.62	14.70	16.80
Yield & Distribution Ratios
Earnings Yield	6.07%	5.30%	8.54%	14.10%	9.42%	13.58%
FCF Yield	-3.05%	-7.52%	10.18%	12.08%	9.64%	8.13%
Dividend Yield	2.41%	1.35%	1.45%	1.77%	0.83%	1.38%
Payout Ratio	39.58%	24.19%	15.89%	11.54%	8.60%	8.88%
Buyback Yield	2.38%	-0.08%	2.88%	-0.18%	-5.10%	1.65%
Total Return	4.79%	1.27%	4.33%	1.59%	-4.26%	3.03%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About North American Construction Group Financial Ratios

What is North American Construction Group's P/E ratio?

North American Construction Group's P/E ratio was 16.47 for fiscal 2025 (period ended Dec 31, 2025). It was 18.89 a year earlier.

What is North American Construction Group's return on equity?

North American Construction Group's return on equity (ROE) was 8.0% for fiscal 2025 (period ended Dec 31, 2025). It was 11.8% a year earlier.

What is North American Construction Group's debt-to-equity ratio?

North American Construction Group's debt-to-equity ratio was 2.05 for fiscal 2025 (period ended Dec 31, 2025). It was 2.12 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition