NOA vs VET
North American Construction Group Ltd. and Vermilion Energy Inc., side by side — 10 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | NOA | VET |
|---|---|---|
| Revenue | CAD 1.3B | CAD 1.8B |
| Net income | CAD 33.8M | CAD -653.6M |
| Gross margin | 12.6% | · |
| Net margin | 2.6% | −37.0% |
| Return on equity | 8.0% | −26.0% |
| Diluted EPS | CAD 1.14 | −CAD 4.25 |
| Dividend / share | CAD 0.48 | CAD 0.52 |
| Payout ratio | 39.6% | −12.2% |
| Free cash flow | CAD -17.0M | · |
| Equity | CAD 456.6M | · |
| Net debt / equity | 1.42× | 0.55× |
| Current ratio | 0.88× | · |
| Revenue CAGR 5y | 20.8% | 9.1% |
| Profit CAGR 5y | −7.2% | · |
VET bills 1.4× the revenue of NOA, and VET closed the last reported year at a loss.
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.
10 years side by side
| Fiscal year | NOA | VET |
|---|---|---|
| FY2025 | CAD 1.3B | CAD 1.8B |
| FY2024 | CAD 1.2B | CAD 1.5B |
| FY2023 | CAD 964.7M | CAD 2.0B |
| FY2022 | CAD 769.5M | CAD 3.4B |
| FY2021 | CAD 654.1M | CAD 2.0B |
| FY2020 | CAD 498.5M | CAD 1.1B |
| FY2019 | CAD 719.1M | CAD 1.7B |
| FY2018 | CAD 410.1M | CAD 1.5B |
| FY2017 | CAD 292.6M | CAD 1.0B |
| FY2016 | CAD 213.2M | CAD 828.5M |
Bottom line
| Fiscal year | NOA | VET |
|---|---|---|
| FY2025 | CAD 33.8M | CAD -653.6M |
| FY2024 | CAD 44.0M | CAD -46.7M |
| FY2023 | CAD 63.1M | CAD -237.6M |
| FY2022 | CAD 67.4M | CAD 1.3B |
| FY2021 | CAD 51.4M | CAD 1.1B |
| FY2020 | CAD 49.2M | CAD -1.5B |
| FY2019 | CAD 36.9M | CAD 32.8M |
| FY2018 | CAD 15.3M | CAD 271.6M |
| FY2017 | CAD 5.3M | CAD 62.3M |
| FY2016 | CAD -445,000 | CAD -160.1M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CAD 480,850,000 | VET |
| FY2024 | −CAD 380,633,000 | VET |
| FY2023 | −CAD 1,043,181,000 | VET |
| FY2022 | −CAD 2,645,672,000 | VET |
| FY2021 | −CAD 1,386,587,000 | VET |
| FY2020 | −CAD 642,376,000 | VET |
| FY2019 | −CAD 1,028,404,000 | VET |
| FY2018 | −CAD 1,115,889,000 | VET |
| FY2017 | −CAD 731,805,000 | VET |
| FY2016 | −CAD 615,327,000 | VET |
VET has reported the higher revenue in every one of these 10 fiscal years. The gap has narrowed since the earliest year compared.
10 of 17 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +39.7 pp | NOA |
| FY2024 | +6.8 pp | NOA |
| FY2023 | +18.4 pp | NOA |
| FY2022 | −29.7 pp | VET |
| FY2021 | −48.4 pp | VET |
| FY2020 | +142.9 pp | NOA |
| FY2019 | +3.3 pp | NOA |
| FY2018 | −14.1 pp | VET |
| FY2017 | −4.3 pp | VET |
| FY2016 | +19.1 pp | NOA |
The higher net margin has changed hands between NOA and VET over this period.
10 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VET's net margin has been more volatile than NOA's over the 10 comparable fiscal years — 48.9 percentage points of standard deviation against 3.1.
10 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 VET over these 10 fiscal years — NOA led in 6 and VET in 4.
10 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VET's return on equity has been more volatile than NOA's over the 10 comparable fiscal years — 41.6 percentage points of standard deviation against 8.1.
10 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 VET over these 10 fiscal years — NOA led in 6 and VET in 4.
10 of 17 comparable fiscal years — a year missing data on either side is not counted.