North American Construction (NOA) Debt Ratio (2009 - 2026)
North American Construction's (NOA) quarterly Debt Ratio came in at 0.52 in Q2 2026, up 9.23% on a YoY basis from 0.48 in Q2 2025, and up 3.16% quarter-over-quarter from 0.51 in Q1 2026.
Analysis
North American Construction (NOA) Debt Ratio (2009 - 2026) Analysis & Trends
North American Construction (NOA) has reported Debt Ratio for 18 consecutive years, with 0.52 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio rose 9.23% year-over-year to 0.52; the trailing twelve-month figure through Jun 2026 stood at 0.52 (up 9.23% YoY), and the FY2025 full-year result was 0.22, down 53.25% from the prior year.
- Debt Ratio grew to 0.52 in Q2 2026 per NOA's latest filing, from 0.51 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.62 in Q2 2023 and bottomed at 0.31 in Q1 2022.
- Historically, Debt Ratio has averaged 0.46 across 5 years, with a median of 0.47 in 2024.
- The sharpest annual moves came in 2022 and 2023: Debt Ratio declined 26.48% in 2022, then surged 56.59% in 2023.
- Over 5 years, Debt Ratio stood at 0.43 in 2022, then increased by 4.32% to 0.45 in 2023, then increased by 5.89% to 0.47 in 2024, then grew by 5.49% to 0.5 in 2025, then climbed by 4.27% to 0.52 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.52, 0.51, and 0.5 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Ferrovial | 39.87 Bn | 34.47 Bn | - | 0.38 |
| 2 | Emcor | 33.30 Bn | 32.37 Bn | 1.02 Bn | - |
| 3 | Jacobs Solutions | 16.54 Bn | 15.37 Bn | 810.70 Mn | 0.30 |
| 4 | Sterling Infrastructure | 14.87 Bn | 14.40 Bn | 289.96 Mn | 0.09 |
| 5 | Aecom | 8.09 Bn | 7.08 Bn | -34.04 Mn | 0.23 |
| 6 | Stantec | 7.99 Bn | 7.99 Bn | 1.36 Bn | 0.04 |
| 7 | Fluor | 7.45 Bn | 4.40 Bn | 179.00 Mn | 0.14 |
| 8 | Argan | 5.58 Bn | 5.03 Bn | 74.22 Mn | - |
| 9 | Installed Building Products | 5.37 Bn | 4.98 Bn | 258.90 Mn | 0.49 |
| 10 | North American Construction | 386.88 Mn | 265.66 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 | 0.44 |
| Jun 30, 2023 | 0.62 |
| Mar 31, 2023 | 0.42 |
| Dec 31, 2022 | 0.43 |
| Sep 30, 2022 | 0.44 |
| Jun 30, 2022 | 0.40 |
| Mar 31, 2022 | 0.31 |
| Dec 31, 2021 | 0.37 |
| Sep 30, 2021 | 0.41 |