North American Construction (NOA) Debt to Equity (2009 - 2026)

North American Construction (NOA) reported Debt to Equity of $2.04 for Q1 2026, up 2.29% quarter-over-quarter from $1.99 in Q4 2025.

North American Construction (NOA) Debt to Equity (2009 - 2026) Analysis & Trends

North American Construction has reported Debt to Equity for 18 years, with the latest figure at $2.04 in Q1 2026.

For the quarter ending Q1 2026, Debt to Equity changed N/A year-over-year to $2.04; the trailing twelve-month figure through Mar 2026 stood at $2.04 (changed N/A YoY), and the FY2025 full-year result was $1.99, down 39.41% from the prior year.
Debt to Equity for Q1 2026 stood at $2.04, up from $1.99 in the prior quarter.
The five-year high for Debt to Equity was $2.31 in Q1 2024, with the low at $0.5 in Q1 2022.
Historically, Debt to Equity has averaged $1.48 across 5 years, with a median of $1.37 in 2022.
Annual changes were most pronounced in 2022 — Debt to Equity tumbled 42.33% — and 2023, when it soared 54.82%.
North American Construction's Debt to Equity stood at $1.37 in 2022, then soared by 41.18% to $1.94 in 2023, then advanced by 6.43% to $2.07 in 2024, then retreated by 3.48% to $1.99 in 2025, then advanced by 2.29% to $2.04 in 2026.
The last three Debt to Equity figures came in at $2.04 (Q1 2026), $1.99 (Q4 2025), and $2.07 (Q4 2024), per Business Quant data.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt/Equity (Qtr)
1	Slb	82.25 Bn	80.04 Bn	4.67 Bn	0.37
2	Baker Hughes	61.96 Bn	47.38 Bn	1.51 Bn	0.83
3	Halliburton	32.79 Bn	30.84 Bn	2.04 Bn	0.01
4	TechnipFMC	26.73 Bn	25.47 Bn	1.49 Bn	0.13
5	Enerflex	8.62 Bn	8.57 Bn	-	0.53
6	Nov	7.27 Bn	5.98 Bn	119.00 Mn	0.27
7	Weatherford International	6.99 Bn	5.94 Bn	876.00 Mn	0.84
8	Archrock	5.95 Bn	5.95 Bn	247.42 Mn	1.57
9	Kodiak Gas Services	5.60 Bn	5.50 Bn	222.88 Mn	2.37
10	North American Construction	267.97 Mn	196.17 Mn	31.22 Mn	2.04

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