NOA vs PBA
North American Construction Group Ltd. and Pembina Pipeline Corp., side by side — 8 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | NOA | PBA |
|---|---|---|
| Revenue | CAD 1.3B | CAD 7.8B |
| Net income | CAD 33.8M | CAD 1.7B |
| Gross margin | 12.6% | 41.1% |
| Net margin | 2.6% | 21.8% |
| Return on equity | 8.0% | 9.9% |
| Diluted EPS | CAD 1.14 | CAD 2.66 |
| Dividend / share | CAD 0.48 | · |
| Payout ratio | 39.6% | · |
| Free cash flow | CAD -17.0M | · |
| Equity | CAD 456.6M | · |
| Net debt / equity | 1.42× | 0.69× |
| Current ratio | 0.88× | 0.61× |
| Revenue CAGR 5y | 20.8% | 5.5% |
| Profit CAGR 5y | −7.2% | · |
PBA bills 6.1× the revenue of NOA, and keeps more of each dollar of revenue as profit (21.8% against 2.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
8 years side by side
| Fiscal year | NOA | PBA |
|---|---|---|
| FY2025 | CAD 1.3B | CAD 7.8B |
| FY2024 | CAD 1.2B | CAD 7.4B |
| FY2023 | CAD 964.7M | CAD 6.3B |
| FY2022 | CAD 769.5M | CAD 11.6B |
| FY2021 | CAD 654.1M | CAD 8.6B |
| FY2020 | CAD 498.5M | CAD 6.0B |
| FY2019 | CAD 719.1M | CAD 6.4B |
| FY2018 | CAD 410.1M | CAD 7.4B |
Bottom line
| Fiscal year | NOA | PBA |
|---|---|---|
| FY2025 | CAD 33.8M | CAD 1.7B |
| FY2024 | CAD 44.0M | CAD 1.9B |
| FY2023 | CAD 63.1M | CAD 1.8B |
| FY2022 | CAD 67.4M | CAD 3.0B |
| FY2021 | CAD 51.4M | CAD 1.2B |
| FY2020 | CAD 49.2M | CAD -316.0M |
| FY2019 | CAD 36.9M | CAD 1.5B |
| FY2018 | CAD 15.3M | CAD 411.0M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CAD 6,493,709,000 | PBA |
| FY2024 | −CAD 6,218,213,000 | PBA |
| FY2023 | −CAD 5,366,320,000 | PBA |
| FY2022 | −CAD 10,841,461,000 | PBA |
| FY2021 | −CAD 7,972,857,000 | PBA |
| FY2020 | −CAD 5,454,532,000 | PBA |
| FY2019 | −CAD 5,652,933,000 | PBA |
| FY2018 | −CAD 6,940,939,000 | PBA |
PBA has reported the higher revenue in every one of these 8 fiscal years. The gap has narrowed since the earliest year compared.
8 of 17 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −19.1 pp | PBA |
| FY2024 | −21.6 pp | PBA |
| FY2023 | −21.5 pp | PBA |
| FY2022 | −16.8 pp | PBA |
| FY2021 | −6.5 pp | PBA |
| FY2020 | +15.2 pp | NOA |
| FY2019 | −18.5 pp | PBA |
| FY2018 | −13.6 pp | PBA |
The higher net margin has changed hands between NOA and PBA over this period.
8 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PBA's net margin has been more volatile than NOA's over the 8 comparable fiscal years — 10.1 percentage points of standard deviation against 2.5.
8 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between NOA and PBA over these 8 fiscal years — NOA led in 1 and PBA in 7.
8 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NOA's return on equity has been more volatile than PBA's over the 5 comparable fiscal years — 5.5 percentage points of standard deviation against 4.0.
5 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between NOA and PBA over these 5 fiscal years — NOA led in 4 and PBA in 1.
5 of 17 comparable fiscal years — a year missing data on either side is not counted.