North American Construction (NOA) Debt Ratio (2009 - 2026)
North American Construction's (NOA) Debt Ratio came in at 0.52 for the quarter ended Jun 30, 2026, up 9.2% from 0.48 a year earlier and up 3.2% from the prior quarter.
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Analysis
North American Construction (NOA) Debt Ratio (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, North American Construction's Debt Ratio stood at 0.22, down 39.9% from the prior year.
- In prior years, North American Construction's Debt Ratio was 0.37 in the year ended Dec 31, 2024 (-17.5%), 0.45 in the year ended Dec 31, 2023 (+50.9%), 0.30 in the year ended Dec 31, 2022 (+47.4%) and 0.20 in the year ended Dec 31, 2021 (-48.5%).
- The figure for the quarter ended Jun 30, 2026 stands as the highest quarterly Debt Ratio since the quarter ended Jun 30, 2020.
- On a year-over-year basis, Debt Ratio has increased in each of the last three quarters, with growth averaging 9.8% over the last eight quarters.
- The strongest year-over-year quarter for Debt Ratio in the past five years was the quarter ended Sep 30, 2024, with growth of 51.0%; the weakest was the quarter ended Sep 30, 2022, with a decline of 27.4%.
- According to Business Quant data, Debt Ratio for the three prior quarters was 0.51 (quarter ended Mar 31, 2026), 0.50 (quarter ended Dec 31, 2025) and 0.48 (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 96.54 Bn | 94.73 Bn | 1.55 Bn | 0.22 |
| 2 | Ferrovial | 38.99 Bn | 19.58 Bn | - | 0.35 |
| 3 | Emcor | 33.36 Bn | 29.75 Bn | 1.02 Bn | - |
| 4 | Mastec | 17.15 Bn | 16.06 Bn | 556.28 Mn | 0.25 |
| 5 | Jacobs Solutions | 15.84 Bn | 10.49 Bn | 810.70 Mn | 0.30 |
| 6 | Sterling Infrastructure | 15.09 Bn | 13.45 Bn | 289.96 Mn | 0.09 |
| 7 | IES Holdings | 12.79 Bn | 11.66 Bn | 340.66 Mn | - |
| 8 | Dycom Industries | 8.06 Bn | 7.19 Bn | - | 0.47 |
| 9 | Stantec | 7.69 Bn | 7.69 Bn | - | 0.04 |
| 10 | North American Construction | 346.15 Mn | -9.05 Mn | 31.38 Mn | 0.52 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.52 |
| Mar 31, 2026 | 0.51 |
| 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 | 0.47 |
| Dec 31, 2023 | 0.45 |
| Sep 30, 2023 | 0.32 |
| Jun 30, 2023 | 0.42 |
| Mar 31, 2023 | 0.42 |
| Dec 31, 2022 | 0.44 |
| Sep 30, 2022 | 0.30 |
| Jun 30, 2022 | 0.40 |
| Mar 31, 2022 | 0.39 |
| Dec 31, 2021 | 0.39 |
| Sep 30, 2021 | 0.41 |
API Access
North American Construction Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NOA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NOA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NOA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();