North American Construction Group
Deploys heavy equipment and services for mining, civil, and infrastructure projects in Canada and Australia.
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Profile
Deploys heavy equipment for mine-site and civil work, alongside maintenance, rebuild, and infrastructure services. Heavy Equipment–Canada and Heavy Equipment–Australia are its reportable operating segments, with acquired Australian platforms now central to the business.
Provides mining and heavy-civil construction services to resource-development, industrial-construction, and infrastructure customers across Canada, the United States, and Australia. Its core capability is owning and deploying heavy equipment for mine-site and civil work, supplemented by maintenance and rebuild services. Canadian operations grew from an oil-sands base, while MacKellar Group and Iron Mine Contracting make Australia central to the current footprint.
Partnerships and acquisitions extend the service base. Nuna performs mining and infrastructure earthworks in northern Canada, ML Northern supplies mobile fuel, lube, and steaming services, and DGI Trading sources mining components for rebuilding. Operations depend on safely deploying equipment and managing staffing that varies with project timing and seasonality.
Company facts
Key statistics
Year to date −10.9% · Average volume (30d) 110.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| May 15, 2026 | Roth Capital | Target | $25 | $27.50 |
| Feb 5, 2026 | Roth Capital | Target | $25 | |
| Dec 19, 2025 | Loop Capital Markets | Target | $24 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | $0.23 | $0.23 | 0.0% | $246.6M | $282.3M | +14.4% | −6.02% |
| May 13, 2026Q1 FY26 | $0.32 | $0.14 | −55.2% | $241.0M | $229.5M | −4.8% | +9.90% |
| Mar 11, 2026Q4 FY25 | $0.50 | −$0.10 | −120.0% | $229.5M | $222.5M | −3.0% | −27.82% |
| Nov 12, 2025Q3 FY25 | $0.50 | $0.49 | −2.0% | $222.4M | $227.5M | +2.3% | −7.62% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $245.2M | $230.6M | $228.2M | $219.6M | $230.2M | $288.6M | |
| Gross profit | $27.3M | $25.8M | $35.8M | $27.6M | $30.5M | $30.4M | |
| Operating income | $22.0M | $16.4M | $25.7M | $15.3M | $15.7M | $15.7M | |
| Net income | $4.4M | $7.4M | $12.4M | $89.8K | $4.0M | $6.7M | |
| Diluted EPS | $0.15 | $0.24 | $0.40 | $0.00 | $0.14 | $0.24 | |
| Gross margin | 11.1% | 11.2% | 15.7% | 12.5% | 13.2% | 10.5% | |
| Operating margin | 9.0% | 7.1% | 11.3% | 6.9% | 6.8% | 5.5% |
Fiscal years (4-quarter sums)FY21 $470.6M · FY22 $553.6M · FY23 $691.0M · FY24 $838.6M · FY25 $923.7M
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $120.7M · Total debt $853.5M · Total assets $1.62B · Shareholders' equity $345.6M
Dividends
Raised for 9 straight years — most recently to $0.0866 from $0.0864 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 28, 2026 | Aug 28 | Oct 2 | $0.0866 | raised from $0.0864 |
| Jun 3, 2026 | Jun 3 | Jul 3 | $0.0864 | cut from $0.0866 |
| Mar 26, 2026 | Mar 26 | Apr 9 | $0.0866 | raised from $0.0854 |
| Nov 26, 2025 | Nov 26 | Jan 9 | $0.0854 | cut from $0.0874 |
| Aug 29, 2025 | Aug 29 | Oct 3 | $0.0874 | cut from $0.0878 |
| Jun 4, 2025 | Jun 4 | Jul 11 | $0.0878 | raised from $0.083 |
| Mar 13, 2025 | Mar 13 | Apr 9 | $0.083 | cut from $0.0855 |
| Nov 27, 2024 | Nov 27 | Jan 3 | $0.0855 | raised from $0.0741 |
Ownership
Shares outstanding 27.10M · Float 24.22M · 89.4% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bank of Montreal /Can/ | 2.89M | 10.67% | 13F | May 13, 2026 |
| Claret Asset Management Corp | 2.05M | 7.55% | 13F | May 11, 2026 |
| J. Carlo Cannell | 1.70M | 6.12% | 13G | Feb 13, 2025 |
| CIBC Asset Management Inc | 1.46M | 5.39% | 13F | May 12, 2026 |
| CIBC Global Asset Managment Inc. | 1.46M | 5.13% | 13G | May 12, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Chimera Investment
Thiess-led global mining services and Australian infrastructure platform
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| North American Construction Group | $13.00 | −0.69% | $355.9M | 16.5 | 10.3 | 0.4 | +20.0% |
| Chimera Investment | $11.50 | −0.04% | $961.9M | — | 5.9 | 1.4 | −64.4% |
| Median | — | 5.9 | 1.4 | −64.4% |