NOA vs. NESR
NOA (North American Construction Group Ltd) and NESR (National Energy Services Reunited Corp.) are both stocks. Both operate in the Oil & Gas Equipment & Services industry within the Energy sector. Over the past 5 years, NOA returned 1.91%/yr vs 11.77%/yr for NESR. At a 0.31 correlation, their price movements are largely independent.
Performance
NOA vs. NESR - Performance Comparison
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Returns By Period
In the year-to-date period, NOA achieves a -0.23% return, which is significantly lower than NESR's 61.75% return.
NOA
- 1D
- 4.58%
- 1M
- -3.79%
- YTD
- -0.23%
- 6M
- 0.82%
- 1Y
- -16.81%
- 3Y*
- -6.67%
- 5Y*
- 1.91%
- 10Y*
- 19.26%
NESR
- 1D
- 1.32%
- 1M
- 3.77%
- YTD
- 61.75%
- 6M
- 72.08%
- 1Y
- 351.52%
- 3Y*
- 105.71%
- 5Y*
- 11.77%
- 10Y*
- —
NOA vs. NESR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOA North American Construction Group Ltd | -0.23% | -31.98% | 5.16% | 58.49% | -9.78% | 54.32% | -17.24% | 37.27% | 81.63% | 11.06% |
NESR National Energy Services Reunited Corp. | 61.75% | 74.78% | 46.89% | -12.10% | -26.56% | -4.83% | 8.88% | 5.31% | -12.96% | 4.63% |
Correlation
The correlation between NOA and NESR is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2017 | 0.31 |
Fundamentals
NOA:
$403.62M
NESR:
$2.61B
NOA:
$1.09
NESR:
$0.64
NOA:
12.95
NESR:
39.57
NOA:
0.34
NESR:
1.79
NOA:
0.85
NESR:
2.62
NOA:
$1.26B
NESR:
$1.43B
NOA:
$166.23M
NESR:
$179.11M
NOA:
$324.24M
NESR:
$185.56M
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Return for Risk
NOA vs. NESR — Risk / Return Rank
NOA
NESR
NOA vs. NESR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for North American Construction Group Ltd (NOA) and National Energy Services Reunited Corp. (NESR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| NOA | NESR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.03 | ||
| Sortino ratioReturn per unit of downside risk | -6.23 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.76 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 12.93 | -13.46 |
| Martin ratioReturn relative to average drawdown | -0.90 | 45.43 | -46.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NOA | NESR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | 6.69 | -7.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.21 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.22 | -0.21 |
Drawdowns
NOA vs. NESR - Drawdown Comparison
The maximum NOA drawdown since its inception was -93.59%, which is greater than NESR's maximum drawdown of -83.12%. Use the drawdown chart below to compare losses from any high point for NOA and NESR.
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Drawdown Indicators
| NOA | NESR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.59% | -83.12% | -10.47% |
Max Drawdown (1Y)Largest decline over 1 year | -32.31% | -27.39% | -4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -50.67% | -45.64% | -5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -50.67% | -83.12% | +32.45% |
Max Drawdown (10Y)Largest decline over 10 years | -68.41% | — | — |
Current DrawdownCurrent decline from peak | -41.55% | -5.63% | -35.92% |
Average DrawdownAverage peak-to-trough decline | -55.69% | -35.99% | -19.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.74% | 7.78% | +10.96% |
Volatility
NOA vs. NESR - Volatility Comparison
The current volatility for North American Construction Group Ltd (NOA) is 13.82%, while National Energy Services Reunited Corp. (NESR) has a volatility of 15.18%. This indicates that NOA experiences smaller price fluctuations and is considered to be less risky than NESR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOA | NESR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.82% | 15.18% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 41.08% | 36.44% | +4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.94% | 53.34% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.36% | 55.59% | -13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.97% | 52.22% | -6.25% |
Dividends
NOA vs. NESR - Dividend Comparison
NOA's dividend yield for the trailing twelve months is around 2.45%, while NESR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NESR National Energy Services Reunited Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOA North American Construction Group Ltd | 2.45% | 2.39% | 1.42% | 1.54% | 1.84% | 0.85% | 1.21% | 0.74% | 0.73% | 1.62% | 2.08% | 4.62% |
Financials
NOA vs. NESR - Financials Comparison
This section allows you to compare key financial metrics between North American Construction Group Ltd and National Energy Services Reunited Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NOA vs. NESR - Profitability Comparison
NOA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, North American Construction Group Ltd reported a gross profit of 42.36M and revenue of 320.04M. Therefore, the gross margin over that period was 13.2%.
NESR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Energy Services Reunited Corp. reported a gross profit of 51.83M and revenue of 404.59M. Therefore, the gross margin over that period was 12.8%.
NOA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, North American Construction Group Ltd reported an operating income of 21.87M and revenue of 320.04M, resulting in an operating margin of 6.8%.
NESR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Energy Services Reunited Corp. reported an operating income of 36.04M and revenue of 404.59M, resulting in an operating margin of 8.9%.
NOA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, North American Construction Group Ltd reported a net income of 5.57M and revenue of 320.04M, resulting in a net margin of 1.7%.
NESR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Energy Services Reunited Corp. reported a net income of 23.83M and revenue of 404.59M, resulting in a net margin of 5.9%.
Frequently Asked Questions
NOA and NESR have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NESR has higher volatility (15.18%) compared to NOA (13.82%). In terms of maximum drawdown, NOA dropped -93.59% vs NESR's -83.12%.
NESR currently has the higher Sharpe Ratio (6.69 vs -0.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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