North Historical Income Statement

NOA Stock  CAD 28.58  0.58  2.07%   
Historical analysis of North American income statement accounts such as Operating Income of 100.5 M can show how well North American Construction performed in making a profits. Evaluating North American income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of North American's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining North American Const latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether North American Const is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North American Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About North Income Statement Analysis

North American Const Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to North American shareholders. The income statement also shows North investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

North American Income Statement Chart

At this time, North American's Depreciation And Amortization is very stable compared to the past year. As of the 1st of December 2024, Total Operating Expenses is likely to grow to about 59.7 M, while Interest Expense is likely to drop about 28 M.

Total Revenue

Total revenue comprises all receipts North American Const generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on North American income statement and is an important metric when analyzing North American Const profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Cost Of Revenue

Cost of Revenue is found on North American Const income statement and represents the costs associated with goods and services North American provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most accounts from North American's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into North American Const current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North American Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, North American's Depreciation And Amortization is very stable compared to the past year. As of the 1st of December 2024, Total Operating Expenses is likely to grow to about 59.7 M, while Interest Expense is likely to drop about 28 M.
 2021 2022 2023 2024 (projected)
Total Revenue654.1M769.5M957.2M605.0M
Interest Expense18.0M23.5M36.9M28.0M

North American income statement Correlations

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-0.20.250.070.010.380.350.310.30.390.120.990.50.790.970.030.460.50.44-0.54-0.580.61
0.740.250.930.930.830.61-0.640.50.410.940.21-0.59-0.080.330.030.430.490.28-0.48-0.540.56
0.730.070.930.970.870.7-0.650.550.480.980.03-0.63-0.350.16-0.090.520.540.15-0.5-0.550.56
0.780.010.930.970.850.64-0.680.490.430.97-0.02-0.67-0.340.12-0.040.430.50.15-0.43-0.510.47
0.370.380.830.870.850.92-0.230.720.80.850.31-0.2-0.060.4-0.330.820.840.25-0.79-0.880.84
0.030.350.610.70.640.920.090.750.940.630.260.06-0.070.3-0.620.970.910.11-0.83-0.910.92
-0.980.31-0.64-0.65-0.68-0.230.090.020.33-0.70.270.960.440.12-0.520.310.22-0.1-0.19-0.210.21
0.050.30.50.550.490.720.750.020.680.50.230.070.020.26-0.210.730.730.15-0.7-0.740.76
-0.20.390.410.480.430.80.940.330.680.410.30.310.10.3-0.680.950.960.09-0.73-0.920.86
0.780.120.940.980.970.850.63-0.70.50.410.1-0.65-0.260.240.030.440.50.23-0.48-0.540.52
-0.170.990.210.03-0.020.310.260.270.230.30.10.470.810.990.130.370.430.45-0.46-0.50.53
-0.930.5-0.59-0.63-0.67-0.20.060.960.070.31-0.650.470.620.33-0.360.30.260.05-0.22-0.270.25
-0.350.79-0.08-0.35-0.34-0.06-0.070.440.020.1-0.260.810.620.750.190.070.20.41-0.1-0.250.23
-0.010.970.330.160.120.40.30.120.260.30.240.990.330.750.190.370.440.47-0.47-0.520.54
0.490.030.03-0.09-0.04-0.33-0.62-0.52-0.21-0.680.030.13-0.360.190.19-0.67-0.460.050.480.47-0.5
-0.20.460.430.520.430.820.970.310.730.950.440.370.30.070.37-0.670.90.11-0.88-0.920.95
-0.070.50.490.540.50.840.910.220.730.960.50.430.260.20.44-0.460.90.13-0.71-0.940.86
0.120.440.280.150.150.250.11-0.10.150.090.230.450.050.410.470.050.110.13-0.28-0.320.31
0.1-0.54-0.48-0.5-0.43-0.79-0.83-0.19-0.7-0.73-0.48-0.46-0.22-0.1-0.470.48-0.88-0.71-0.280.86-0.93
0.06-0.58-0.54-0.55-0.51-0.88-0.91-0.21-0.74-0.92-0.54-0.5-0.27-0.25-0.520.47-0.92-0.94-0.320.86-0.94
-0.080.610.560.560.470.840.920.210.760.860.520.530.250.230.54-0.50.950.860.31-0.93-0.94
Click cells to compare fundamentals

North American Account Relationship Matchups

North American income statement Accounts

201920202021202220232024 (projected)
Interest Expense20.8M17.6M18.0M23.5M36.9M28.0M
Total Revenue719.1M500.4M654.1M769.5M957.2M605.0M
Gross Profit96.4M94.4M90.4M101.5M154.2M90.1M
Operating Income58.8M68.9M75.9M107.7M95.7M100.5M
Ebit58.8M71.6M41.8M71.8M97.4M102.2M
Ebitda161.1M160.4M149.8M191.1M228.7M240.1M
Income Before Tax40.0M60.5M60.7M84.4M86.0M90.3M
Total Other Income Expense Net(18.8M)(6.7M)(15.2M)(23.2M)(9.8M)(10.2M)
Net Income36.9M49.2M51.4M67.4M63.1M66.3M
Income Tax Expense2.9M11.3M9.3M17.1M22.8M24.0M
Depreciation And Amortization102.3M88.8M108.0M119.3M131.3M137.9M
Other Operating Expenses660.3M430.7M599.1M697.8M861.5M580.3M
Total Operating Expenses37.6M24.7M35.4M29.9M56.8M59.7M
Selling General Administrative36.9M24.1M35.4M29.9M56.8M32.3M
Cost Of Revenue622.7M406.0M563.7M668.0M803.0M572.8M
Net Income From Continuing Ops37.1M49.2M51.4M67.4M63.1M66.3M
Net Income Applicable To Common Shares36.9M49.2M51.4M67.4M77.5M81.4M
Tax Provision2.9M11.3M9.3M17.1M22.8M24.0M
Interest Income18.5M10K5.6M13.3M15.3M9.4M
Net Interest Income(21.6M)(18.7M)(19.0M)(24.5M)(36.9M)(35.1M)
Reconciled Depreciation102.3M89.6M108.0M119.3M131.3M102.9M

Pair Trading with North American

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if North American position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in North American will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to North American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North American when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back North American - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling North American Construction to buy it.
The correlation of North American is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as North American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North American Const moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for North American can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether North American Const offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of North American's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of North American Construction Stock. Outlined below are crucial reports that will aid in making a well-informed decision on North American Construction Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North American Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Please note, there is a significant difference between North American's value and its price as these two are different measures arrived at by different means. Investors typically determine if North American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, North American's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.