AMRC vs FER vs NOA Stock Comparison

Ameresco, Ferrovial and North American Construction Prices as of Oct 27, 2026 Peers: Industry group
AMRC Ameresco, Inc.
$19.92 -7.3% 1M -52.1% 1Y
Market cap
$1.05B
P/E
–
Revenue (TTM)
—
Div. yield
–
Engineering and Construction Industrials
FER Ferrovial N.V.
$54.02 -3.2% 1M -16.7% 1Y
Market cap
$38.93B
P/E
38.7x
Revenue (TTM)
—
Div. yield
1.37%
Engineering and Construction Industrials
4 wins

Head to Head

8 decided of 12

Ferrovial leads on 4 of the 12 questions below (Ferrovial 4, North American Construction 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMRCFERNOALeader
Larger companyMarket capitalisation $1.05B $38.93B $354.50M FER
Cheaper on earningsLower P/E, profitable companies only — 38.7x 15.0x NOA
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.1x 50.5x 10.3x NOA
Faster revenue growthRevenue growth, trailing twelve months — — +7.5% –
More profitableNet margin, trailing twelve months — — 2.2% –
Better return on capitalReturn on invested capital — — 6.8% –
Less leveragedLower net debt / EBITDA — — 2.6x –
Higher dividend yieldTrailing dividend yield — 1.37% 3.90% NOA
Better 1-year returnPrice return, last 12 months -52.1% -16.7% -19.5% FER
Better 5-year returnAnnualised price return, 5 years -24.3%/yr +12.9%/yr -7.0%/yr FER
Less volatileAnnualised volatility, 1 year 68.3% 26.3% 48.1% FER
Higher overall scoreMean of the five percentile scores vs peers — 47/100 55/100 NOA

Percentile Scorecard

AMRCFERNOA

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAMRCFERNOA
Valuation – 35 #34 of 52 88 #7 of 52
Growth – – 14 #32 of 37
Profitability – – 61 #15 of 37
Financial Health 27 #42 of 57 34 #38 of 57 16 #48 of 57
Shareholder Returns – 73 #8 of 27 96 #2 of 27
Overall – 47 55
  • AMRC ranked among 57 companies in Construction Services
  • FER ranked among 57 companies in Construction Services
  • NOA ranked among 57 companies in Construction Services

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAMRCFERNOASPY
1 month -7.3%-3.2%-0.1% -0.2%
3 months +1.3%-12.5%-10.3% +3.9%
6 months -28.2%-20.4%-15.3% +8.2%
Year to date -32.0%-16.4%-14.4% +12.9%
1 year -52.1%-16.7%-19.5% +12.3%
3 years -26.9%+66.2%-40.8% +87.4%
3 years, per year -9.9%+18.5%-16.1% +23.3%
5 years -75.1%+83.7%-30.4% +67.9%
5 years, per year -24.3%+12.9%-7.0% +10.9%
10 years +286.8%+155.1%+310.0% +261.1%
10 years, per year +14.5%+9.8%+15.2% +13.7%

Risk

MeasureAMRCFERNOASPY
Volatility, 1Y 68.3%26.3%48.1% 12.7%
Downside volatility, 1Y 69.2%24.6%56.1% 12.7%
Beta vs S&P 500, 1Y 3.111.041.21 1.00
Return / volatility, 1Y -0.76-0.63-0.41 0.97
Max drawdown, 5Y -91.1%-34.3%-55.8% -25.4%
From 52-week high -52.1%-27.4%-27.1% -1.2%
52-week high $41.55$74.38$16.88 $779.14
52-week low $18.32$48.86$11.22 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAMRCFERNOA
P/E now vs peer median —median 26.7x 38.7xmedian 26.7x 15.0xmedian 26.7x
P/S now vs peer median —median 0.8x 3.6xmedian 0.8x 0.3xmedian 0.8x
EV/EBITDA now vs peer median —median 13.1x —median 13.1x 4.1xmedian 13.1x
P/FCF now vs peer median —median 23.0x 19.8xmedian 23.0x -1.6xmedian 23.0x
P/B now vs peer median 0.9xmedian 2.4x 5.6xmedian 2.4x 1.0xmedian 2.4x
PEG now vs peer median —median 0.57 —median 0.57 -0.59median 0.57

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAMRCFERNOA
Revenue – – $1.06B
Gross profit – – $137.57M
Operating income – – $76.84M
Net income – – $23.49M
Free cash flow – – -$218.42M
EPS (diluted) – – $0.73
Cash & equivalents $71.79M $5.02B $118.01M
Total debt $6.70B $12.25B $727.57M
Shares (diluted) 53.37M 718.72M 32.27M
Enterprise value $773.21M $19.24B $3.38M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAMRCFERNOA
P/E – 38.7x 15.0x
P/FCF – 19.8x -1.6x
P/Operating cash flow – – –
P/S – 3.6x 0.3x
P/B 0.9x 5.6x 1.0x
P/Tangible book 0.9x 5.7x 1.1x
EV/EBITDA – – 4.1x
EV/EBIT – – 12.5x
EV/Revenue – – 0.9x
EV/FCF – – -4.4x
EV/Operating cash flow – – –
PEG (3Y EPS CAGR) – – -0.59

Growth

14 metrics
MetricAMRCFERNOA
Revenue growth (1Y) – – 7.5%
Revenue CAGR (3Y) – – 18.0%
Gross profit growth (1Y) – – -2.3%
Gross profit CAGR (3Y) – – 12.5%
Operating income growth (1Y) – – -22.0%
Operating income CAGR (3Y) – – 6.6%
Net income growth (1Y) – – -7.1%
Net income CAGR (3Y) – – -26.9%
EPS growth (1Y) – – -6.7%
EPS CAGR (3Y) – – -25.5%
Operating cash flow growth (1Y) – – –
Operating cash flow CAGR (3Y) – – –
Free cash flow growth (1Y) – – -9.6%
Free cash flow CAGR (3Y) – – -50.4%

Profitability

14 metrics
MetricAMRCFERNOA
Gross margin – – 13.0%
EBITDA margin – – 22.4%
Operating margin – – 7.3%
Pretax margin – – 19.2%
Net margin – – 2.2%
FCF margin – – -20.6%
Operating cash flow margin – – –
Return on equity – – 16.7%
Return on assets – – 3.9%
Return on invested capital – – 6.8%
Return on capital employed – – –
Asset turnover – – 0.7x
Cash conversion (OCF / net income) – – –
Stock comp / revenue – – 0.4%

Financial Health

11 metrics
MetricAMRCFERNOA
Debt / assets 41.5% 38.0% 46.0%
Debt / equity 1.7x 1.8x 2.2x
Net debt / EBITDA – – 2.6x
Debt / FCF – – -3.3x
Liabilities / assets 75.3% 78.5% 78.6%
Equity / assets 24.7% 21.5% 21.4%
Interest coverage – – –
Current ratio 1.5x 1.1x –
Quick ratio 1.1x 1.1x –
Cash ratio 0.1x 0.7x –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAMRCFERNOA
Dividend yield – 1.4% 3.9%
Net buyback yield – – 7.8%
Shareholder yield – 1.4% 11.7%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAMRCFERNOA
Forward P/E 15.1xFY2026 50.5xFY2026 10.3xFY2026
EPS, next fiscal year $1.32FY2026 $1.07FY2026 $1.19FY2026
EPS growth, next FY +46.7%FY2026 -20.7%FY2026 +43.4%FY2026
EPS growth, the year after +24.2% +12.1% +22.7%
Revenue, next fiscal year $2.04BFY2026 $11.77BFY2026 $1.16BFY2026
Revenue growth, next FY +5.9%FY2026 +4.1%FY2026 +23.6%FY2026
Revenue growth, the year after +7.7% -5.3% +9.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMRCFERNOA
Held by institutions 65.5% 33.2% 57.1%
Institutions holding 184 337 72
Change in shares held, QoQ +13.3% +17.5% -3.6%
Institutions buying 103 208 45
Institutions selling 56 103 18
Buyers to sellers 1.84 2.02 2.50

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AMRCFERNOA
AMRC 1.00 0.40 0.20
FER 0.40 1.00 0.17
NOA 0.20 0.17 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMRC, FER and NOA?

Ferrovial (FER) is the largest by market capitalisation: Ameresco (AMRC) $1.05B, Ferrovial (FER) $38.93B, North American Construction (NOA) $354.50M.

Which stock is cheaper, AMRC, FER and NOA?

North American Construction (NOA) trades on the lowest price-to-earnings ratio (Ferrovial (FER) 38.7x, North American Construction (NOA) 15.0x). On next year's consensus earnings, North American Construction (NOA) is cheapest (Ameresco (AMRC) 15.1x, Ferrovial (FER) 50.5x, North American Construction (NOA) 10.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which stock has performed better?

Over the past year Ferrovial (FER) returned the most: Ameresco (AMRC) -52.1%, Ferrovial (FER) -16.7%, North American Construction (NOA) -19.5%. Over five years, Ferrovial (FER) compounded fastest (Ameresco (AMRC) -24.3%/yr, Ferrovial (FER) +12.9%/yr, North American Construction (NOA) -7.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

North American Construction (NOA) has the highest dividend yield: Ferrovial (FER) 1.37%, North American Construction (NOA) 3.90%. Ameresco (AMRC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Ferrovial (FER) has been the steadiest (Ameresco (AMRC) 68.3%, Ferrovial (FER) 26.3%, North American Construction (NOA) 48.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMRC, FER and NOA?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Ferrovial (FER) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.