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
DateValue
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