Operations Support Services was North American Construction’s largest product and service line in fiscal 2025, bringing in $1.16B of $1.29B (90%).
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operations Support Services | $688.73M | $886.96M | $1.12B | $1.16B | |||||
| Equipment & Component Sales | $48.73M | $65.28M | $40.32M | $32.99M | |||||
| Construction Services | $32.08M | $12.44M | $3.66M | $88.62M | |||||
| Variable Consideration - Unpriced Contract Modifications | — | $8.03M | — | $3.22M | |||||
| Total | $769.54M | $972.71M | $1.17B | $1.29B |
North American Construction brought in $1.29B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. North American Construction regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $1.17B. Operations Support Services was the largest at $1.16B (90.3%), ahead of Construction Services at $88.62M (6.9%) and Equipment & Component Sales at $32.99M (2.6%). The remaining line, Variable Consideration - Unpriced Contract Modifications, brought in $3.22M.
Compared with fiscal 2024, Construction Services grew fastest, up 2,320.6% to $88.62M, while Equipment & Component Sales fell the most, down 18.2% to $32.99M.
Heavy Equipment - Australia was North American Construction’s largest segment in fiscal 2025, bringing in $689.90M of $1.28B (54%).
| Segment | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Heavy Equipment - Canada | $700.86M | $760.59M | $555.30M | $579.12M |
| Heavy Equipment - Australia | $30.69M | $153.88M | $590.90M | $689.90M |
| Other | $21.02M | $25.44M | $19.46M | $14.77M |
| Corporate & Eliminations | $16.97M | $24.77M | $128.00K | — |
| Eliminations | — | -$8.27M | — | — |
| Total | $769.54M | $956.41M | $1.17B | $1.28B |
North American Construction brought in $1.28B from its three segments in fiscal 2025, the year ended December 31, 2025. North American Construction regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $1.17B. Heavy Equipment - Australia was the largest at $689.90M (53.7%), ahead of Heavy Equipment - Canada at $579.12M (45.1%) and Other at $14.77M (1.2%).
Compared with fiscal 2024, Heavy Equipment - Australia grew 16.8% to $689.90M and Heavy Equipment - Canada grew 4.3% to $579.12M.
North American Construction stopped reporting Corporate & Eliminations as a separate segment after fiscal 2024, when it brought in $128.00K.
Time-&-Materials was North American Construction’s largest revenue line in fiscal 2025, bringing in $1.09B of $1.28B (85%).
| Contract with Customer, Basis of Pricing | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Time-&-Materials | $523.47M | $583.07M | $1.03B | $1.09B | |||||
| Unit-Price | $234.05M | $363.98M | $125.73M | $187.83M | |||||
| Lump-Sum | $12.02M | $17.63M | $14.03M | $7.98M | |||||
| Cost-Plus | — | — | — | — | |||||
| Total | $769.54M | $964.68M | $1.17B | $1.28B |
North American Construction brought in $1.28B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 10.2% from $1.17B in fiscal 2024. Time-&-Materials was the largest at $1.09B (84.8%), ahead of Unit-Price at $187.83M (14.6%) and Lump-Sum at $7.98M (0.6%).
Compared with fiscal 2024, Unit-Price grew 49.4% to $187.83M and Time-&-Materials grew 6.1% to $1.09B. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $769.54M to $1.28B, a compound annual growth rate of 18.6%. Time-&-Materials' share of the total rose from 68.0% to 84.8%.
North American Construction (NOA) reports its revenue by product and service, by segment and by contract with customer, basis of pricing. In fiscal 2025, Operations Support Services was its largest product and service line, bringing in $1.16B (90.3% of the total), followed by Construction Services at $88.62M (6.9%).
Operations Support Services was North American Construction's largest product and service line in fiscal 2025, bringing in $1.16B, or 90.3% of the $1.29B total across its four product and service lines.
Heavy Equipment - Australia was North American Construction's largest segment in fiscal 2025, bringing in $689.90M, or 53.7% of the $1.28B total across its three segments.
Time-&-Materials was North American Construction's largest revenue line in fiscal 2025, bringing in $1.09B, or 84.8% of the $1.28B total across its three revenue lines.
Unit-Price grew faster than Time-&-Materials in fiscal 2025, up 49.4% from $125.73M to $187.83M. Time-&-Materials grew 6.1% to $1.09B.
Every figure comes from North American Construction's annual financial filings, as reported. Each line keeps the name North American Construction gives it, and years follow its fiscal calendar.
North American Construction's revenue by product and service goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.