North American Construction (NOA) Debt Ratio (2009 - 2026)
North American Construction (NOA) reported Debt Ratio of 0.71 for Q1 2026, up 55.71% on a YoY basis from 0.45 in Q1 2025, and up 41.17% quarter-over-quarter from 0.5 in Q4 2025.
North American Construction (NOA) Debt Ratio (2009 - 2026) Analysis & Trends
North American Construction has reported Debt Ratio for 18 years, with the latest figure at 0.71 in Q1 2026.
- For the quarter ending Q1 2026, Debt Ratio rose 55.71% year-over-year to 0.71; the trailing twelve-month figure through Mar 2026 stood at 0.71 (up 55.71% YoY), and the FY2025 full-year result was 0.5, down 33.78% from the prior year.
- Debt Ratio for Q1 2026 stood at 0.71, up from 0.5 in the prior quarter.
- The five-year high for Debt Ratio was 0.72 in Q1 2024, with the low at 0.17 in Q1 2022.
- Historically, Debt Ratio has averaged 0.46 across 5 years, with a median of 0.47 in 2024.
- Annual changes were most pronounced in 2022 — Debt Ratio tumbled 49.81% — and 2023, when it jumped 151.32%.
- North American Construction's Debt Ratio stood at 0.43 in 2022, then climbed by 4.32% to 0.45 in 2023, then climbed by 5.89% to 0.47 in 2024, then advanced by 5.49% to 0.5 in 2025, then soared by 41.17% to 0.71 in 2026.
- The last three Debt Ratio figures came in at 0.71 (Q1 2026), 0.5 (Q4 2025), and 0.48 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 0.18 |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 0.32 |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 0.00 |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 0.04 |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | 0.22 |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 0.15 |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 0.29 |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 0.54 |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 0.62 |
| 10 | North American Construction | 267.97 Mn | 196.17 Mn | 31.22 Mn | 0.71 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.71 |
| Dec 31, 2025 | 0.50 |
| Sep 30, 2025 | 0.48 |
| Jun 30, 2025 | 0.48 |
| Mar 31, 2025 | 0.45 |
| Dec 31, 2024 | 0.47 |
| Sep 30, 2024 | 0.48 |
| Jun 30, 2024 | 0.48 |
| Mar 31, 2024 | 0.72 |
| Dec 31, 2023 | 0.45 |
| Sep 30, 2023 | 0.32 |
| Jun 30, 2023 | 0.59 |
| Mar 31, 2023 | 0.42 |
| Dec 31, 2022 | 0.43 |
| Sep 30, 2022 | 0.28 |
| Jun 30, 2022 | 0.40 |
| Mar 31, 2022 | 0.17 |
| Dec 31, 2021 | 0.37 |
| Sep 30, 2021 | 0.41 |
| Jun 30, 2021 | 0.34 |