North American Construction (NOA) Interest Coverage Ratio (2009 - 2026)
North American Construction's (NOA) quarterly Interest Coverage Ratio came in at 1.09 in Q2 2026, down 32.59% on a YoY basis from 1.61 in Q2 2025, and down 17.04% quarter-over-quarter from 1.31 in Q1 2026.
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North American Construction (NOA) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
North American Construction (NOA) has reported Interest Coverage Ratio for 18 consecutive years, with 1.09 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Interest Coverage Ratio fell 32.59% year-over-year to 1.09; the trailing twelve-month figure through Jun 2026 stood at 1.37 (down 52.44% YoY), and the FY2025 full-year result was 2.73, down 42.84% from the prior year.
- Interest Coverage Ratio eased to 1.09 in Q2 2026 per NOA's latest filing, from 1.31 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 6.15 in Q3 2022 and bottomed at 0.99 in Q4 2025.
- Historically, Interest Coverage Ratio has averaged 2.98 across 5 years, with a median of 3.1 in 2022.
- The sharpest annual moves came in 2022 and 2025: Interest Coverage Ratio jumped 696.02% in 2022, then sank 72.67% in 2025.
- Over 5 years, Interest Coverage Ratio stood at 4.06 in 2022, then decreased by 19.22% to 3.28 in 2023, then climbed by 10.07% to 3.61 in 2024, then slumped by 72.67% to 0.99 in 2025, then rose by 10.25% to 1.09 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 1.09, 1.31, and 0.99 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Ferrovial | 39.87 Bn | 34.47 Bn | - | - |
| 2 | Emcor | 33.30 Bn | 32.37 Bn | 1.02 Bn | - |
| 3 | Jacobs Solutions | 16.54 Bn | 15.37 Bn | 810.70 Mn | 5.25 |
| 4 | Sterling Infrastructure | 14.87 Bn | 14.40 Bn | 289.96 Mn | 70.87 |
| 5 | Aecom | 8.09 Bn | 7.08 Bn | -34.04 Mn | -1.59 |
| 6 | Stantec | 7.99 Bn | 7.99 Bn | 1.36 Bn | - |
| 7 | Fluor | 7.45 Bn | 4.40 Bn | 179.00 Mn | 12.27 |
| 8 | Argan | 5.58 Bn | 5.03 Bn | 74.22 Mn | - |
| 9 | Installed Building Products | 5.37 Bn | 4.98 Bn | 258.90 Mn | 9.01 |
| 10 | North American Construction | 386.88 Mn | 265.66 Mn | 31.38 Mn | 1.09 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.09 |
| Mar 31, 2026 | 1.31 |
| Dec 31, 2025 | 0.99 |
| Sep 30, 2025 | 2.34 |
| Jun 30, 2025 | 1.61 |
| Mar 31, 2025 | 2.26 |
| Dec 31, 2024 | 3.61 |
| Sep 30, 2024 | 3.64 |
| Jun 30, 2024 | 2.75 |
| Mar 31, 2024 | 2.47 |
| Dec 31, 2023 | 3.28 |
| Sep 30, 2023 | 4.18 |
| Jun 30, 2023 | 4.13 |
| Mar 31, 2023 | 3.52 |
| Dec 31, 2022 | 4.06 |
| Sep 30, 2022 | 6.15 |
| Jun 30, 2022 | 2.92 |
| Mar 31, 2022 | 3.34 |
| Dec 31, 2021 | 4.79 |
| Sep 30, 2021 | 6.25 |