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U.S. Construction Industry Analysis

UpdatedOct 25, 2025
DataAggregated Company Financials
Companies67
  • 7D5.6%
  • 3M15.4%
  • 1Y57.5%
  • YTD49.7%

Over the last 7 days, the Construction industry has risen 5.6%, driven by gains from Comfort Systems USA of 19%. In the last 12 months, the industry was up 58%. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

Has the U.S. Construction Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Oct 2025US$269.4bUS$160.7bUS$10.1b35.3x26.7x1.7x
Tue, 23 Sep 2025US$257.9bUS$160.0bUS$9.9b37.2x26x1.6x
Thu, 21 Aug 2025US$236.4bUS$157.6bUS$10.0b32.6x23.7x1.5x
Sat, 19 Jul 2025US$229.4bUS$153.2bUS$7.2b33.3x32x1.5x
Mon, 16 Jun 2025US$206.6bUS$153.2bUS$7.2b29.7x28.8x1.3x
Wed, 14 May 2025US$192.9bUS$152.9bUS$7.2b30.3x26.9x1.3x
Fri, 11 Apr 2025US$159.2bUS$149.6bUS$6.8b22x23.5x1.1x
Sun, 09 Mar 2025US$153.2bUS$149.6bUS$6.8b23.1x22.7x1x
Tue, 04 Feb 2025US$187.9bUS$146.2bUS$3.9b31.7x47.6x1.3x
Thu, 02 Jan 2025US$186.1bUS$146.2bUS$3.9b32.1x47.4x1.3x
Sat, 30 Nov 2024US$207.4bUS$146.1bUS$3.9b35.5x53.1x1.4x
Mon, 28 Oct 2024US$181.9bUS$145.2bUS$4.2b32.3x43.8x1.3x
Wed, 25 Sep 2024US$178.4bUS$144.8bUS$4.0b31.6x44.8x1.2x
Fri, 23 Aug 2024US$163.0bUS$144.7bUS$4.0b25.4x41x1.1x
Sun, 21 Jul 2024US$159.9bUS$141.8bUS$3.4b26.5x46.4x1.1x
Tue, 18 Jun 2024US$161.1bUS$141.8bUS$3.4b24.8x46.8x1.1x
Thu, 16 May 2024US$159.7bUS$141.8bUS$3.4b25.7x46.3x1.1x
Sat, 13 Apr 2024US$151.0bUS$136.3bUS$3.5b24.5x43.7x1.1x
Mon, 11 Mar 2024US$145.9bUS$136.2bUS$3.5b25.9x42.1x1.1x
Wed, 07 Feb 2024US$125.5bUS$135.6bUS$3.6b24.2x34.5x0.9x
Fri, 05 Jan 2024US$120.6bUS$135.1bUS$3.6b24.4x33.8x0.9x
Sun, 03 Dec 2023US$117.8bUS$135.1bUS$3.5b22.9x33.3x0.9x
Tue, 31 Oct 2023US$103.9bUS$131.2bUS$3.3b20.2x31.1x0.8x
Thu, 28 Sep 2023US$114.7bUS$130.5bUS$3.4b20.6x34.2x0.9x
Sat, 26 Aug 2023US$120.4bUS$130.4bUS$3.4b21.4x35.9x0.9x
Mon, 24 Jul 2023US$121.4bUS$126.6bUS$3.2b21x37.6x1x
Wed, 21 Jun 2023US$114.9bUS$126.6bUS$3.2b19.6x35.6x0.9x
Fri, 19 May 2023US$110.1bUS$126.4bUS$3.2b20.4x34.3x0.9x
Sun, 16 Apr 2023US$105.7bUS$122.7bUS$3.2b21.7x32.7x0.9x
Tue, 14 Mar 2023US$106.2bUS$122.9bUS$3.3b22.8x31.9x0.9x
Thu, 09 Feb 2023US$107.9bUS$115.4bUS$2.8b21.7x38.2x0.9x
Sat, 07 Jan 2023US$101.0bUS$115.1bUS$2.8b23.9x35.5x0.9x
Mon, 05 Dec 2022US$109.1bUS$115.8bUS$2.9b22.3x37.5x0.9x
Wed, 02 Nov 2022US$101.6bUS$112.5bUS$2.9b28.1x35.4x0.9x
Price to Earnings Ratio

35.4x


Total Market Cap: US$101.6bTotal Earnings: US$2.9bTotal Revenue: US$112.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 36.5x202320242025
Current Industry PE
  • Investors are pessimistic on the American Construction industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 26.7x which is lower than its 3-year average PE of 36.5x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 52% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market1.96%
Industrials2.28%
Construction5.59%
Construction and Engineering5.59%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FIX Comfort Systems USAUS$981.6618.6%
+US$5.4b		165.0%PE41.2x
EME EMCOR GroupUS$748.248.6%
+US$2.7b		74.6%PE30.3x
PWR Quanta ServicesUS$440.931.6%
+US$1.1b		43.1%PE67.6x
IESC IES HoldingsUS$436.9813.1%
+US$1.0b		110.1%PE32.8x
MTZ MasTecUS$211.885.0%
+US$777.6m		73.7%PE61.9x

Latest News

FIX
US$981.66
Comfort Systems USA
7D
18.6%
1Y
165.0%
DY
US$291.96
Dycom Industries
7D
-0.2%
1Y
52.0%
STRL
US$379.08
Sterling Infrastructure
7D
6.6%
1Y
151.6%
PWR
US$440.93
Quanta Services
7D
1.6%
1Y
43.1%

Analysts Lift Price Target for Quanta Services Amid Upbeat Outlook and Valuation Adjustments

Analysts have raised their price target for Quanta Services from $424.20 to $432.68, citing an improved outlook for transmission and distribution activity, strong survey results, and expanding opportunities across diversified energy markets. Analyst Commentary Several major Wall Street firms have recently updated their perspectives on Quanta Services, citing shifting sector dynamics and company-specific drivers.
GVA
US$104.56
Granite Construction
7D
-0.4%
1Y
28.1%
EME
US$748.24
EMCOR Group
7D
8.6%
1Y
74.6%

Analyst Upgrades Highlight EMCOR Group’s Strong Outlook and Improved Valuation Amid Reshoring Trends

Analysts have raised their price target for EMCOR Group from $711.67 to $716.00, citing strong demand driven by industrial reshoring trends and robust recent performance. Analyst Commentary Analyst sentiment toward EMCOR Group has grown increasingly positive, with recent coverage highlighting the company’s strategic positioning and performance in the evolving U.S. industrial landscape.
FLR
US$48.95
Fluor
7D
4.9%
1Y
-6.4%
PRIM
US$142.37
Primoris Services
7D
4.1%
1Y
133.3%
MTZ
US$211.88
MasTec
7D
5.0%
1Y
73.7%
MSGY
US$1.62
Masonglory
7D
-4.1%
1Y
n/a
JFB
US$12.94
JFB Construction Holdings
7D
-7.2%
1Y
n/a
NCRA
US$1.59
Nocera
7D
-5.9%
1Y
9.1%
MGN
US$1.80
Megan Holdings
7D
-31.0%
1Y
n/a
SHIM
US$2.31
Shimmick
7D
-3.8%
1Y
21.2%
IESC
US$436.98
IES Holdings
7D
13.1%
1Y
110.1%

We Think IES Holdings (NASDAQ:IESC) Can Manage Its Debt With Ease

Aug 27
We Think IES Holdings (NASDAQ:IESC) Can Manage Its Debt With Ease
ONEG
US$11.22
OneConstruction Group
7D
-11.5%
1Y
n/a