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Compare · NOA vs WBI

NOA vs WBI

Side-by-side comparison of North American Construction Group Ltd. (NOA) and WaterBridge Infrastructure LLC (WBI): market cap, price performance, sector, and recent activity on the wire.

Summary

  • Both NOA and WBI operate in Oilfield Services/Equipment (Energy), so they compete in similar markets.
  • WBI is the larger of the two at $3.66B, about 9.3x NOA ($395.6M).
  • Over the past year, NOA is down 22.0% and WBI is up 29.8% - WBI leads by 51.8 points.
  • NOA has hit the wire 2 times in the past 4 weeks while WBI has been quiet.
  • WBI has more recent analyst coverage (14 ratings vs 12 for NOA).
PerformanceNOA+1.05%WBI+29.85%
2025-09-17+0.00%2026-06-08
MetricNOAWBI
Company
North American Construction Group Ltd.
WaterBridge Infrastructure LLC
Price
$14.02+2.08%
$29.69+1.02%
Market cap
$395.6M
$3.66B
1M return
-3.34%
+5.70%
1Y return
-21.97%
+29.85%
Industry
Oilfield Services/Equipment
Oilfield Services/Equipment
Exchange
NYSE
NYSE
IPO
2006
2025
News (4w)
2
0
Recent ratings
12
14
NOA

North American Construction Group Ltd.

North American Construction Group Ltd. provides mining and heavy construction services to the resource development and industrial construction sectors in Canada and the United States The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services. Its Equipment Maintenance Services division provides fuel and lube servicing, portable steaming, equipment inspections, parts and component supply, major overhauls and equipment refurbishment, onsite haul truck brake testing, onsite maintenance support, under carriage rebuild, machining, hose manufacturing, and technical support services, as well as welding, fabrication/repairs, weld certification, and inspection services. As of December 31, 2020, the company had a heavy equipment fleet of 626 units. The company was formerly known as North American Energy Partners Inc. and changed its name to North American Construction Group Ltd. in April 2018. The company was founded in 1953 and is headquartered in Acheson, Canada.

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