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U.S. Construction Industry Analysis

UpdatedAug 27, 2025
DataAggregated Company Financials
Companies66
  • 7D2.8%
  • 3M21.7%
  • 1Y49.6%
  • YTD30.0%

In the last week, the Construction industry is up 2.8%, with Comfort Systems USA leading the way with a 3.4% gain. This means that the industry has gained 50% over the past year. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 Aug 2025US$239.2bUS$157.7bUS$10.0b32.7x23.9x1.5x
Fri, 25 Jul 2025US$232.1bUS$153.3bUS$7.0b33.3x33x1.5x
Sun, 22 Jun 2025US$208.8bUS$153.2bUS$7.2b29.6x29.2x1.4x
Tue, 20 May 2025US$198.9bUS$153.1bUS$7.2b29.9x27.7x1.3x
Thu, 17 Apr 2025US$158.6bUS$149.6bUS$6.8b21.1x23.4x1.1x
Sat, 15 Mar 2025US$153.1bUS$149.6bUS$6.8b24.6x22.6x1x
Mon, 10 Feb 2025US$192.2bUS$146.6bUS$4.0b34.9x47.7x1.3x
Wed, 08 Jan 2025US$194.8bUS$146.2bUS$3.9b30.8x49.6x1.3x
Fri, 06 Dec 2024US$206.9bUS$146.1bUS$3.9b34.7x53x1.4x
Sun, 03 Nov 2024US$185.2bUS$146.8bUS$4.2b33.1x43.8x1.3x
Tue, 01 Oct 2024US$177.6bUS$144.8bUS$4.0b31.5x44.7x1.2x
Thu, 29 Aug 2024US$165.2bUS$144.7bUS$4.0b26.7x41.5x1.1x
Sat, 27 Jul 2024US$157.7bUS$142.9bUS$3.6b25.8x43.6x1.1x
Mon, 24 Jun 2024US$162.5bUS$141.8bUS$3.4b24.4x47.2x1.1x
Wed, 22 May 2024US$160.8bUS$141.8bUS$3.4b26.8x46.6x1.1x
Fri, 19 Apr 2024US$145.4bUS$139.2bUS$3.3b24.1x44x1x
Sun, 17 Mar 2024US$144.6bUS$136.3bUS$3.5b24.4x41.7x1.1x
Tue, 13 Feb 2024US$130.8bUS$132.9bUS$3.6b27.6x36.1x1x
Thu, 11 Jan 2024US$121.6bUS$135.1bUS$3.6b23.3x34x0.9x
Sat, 09 Dec 2023US$117.8bUS$135.2bUS$3.6b22.8x33.1x0.9x
Mon, 06 Nov 2023US$106.8bUS$134.3bUS$3.7b21.1x29.3x0.8x
Wed, 04 Oct 2023US$111.5bUS$130.5bUS$3.4b19.9x33.2x0.9x
Fri, 01 Sep 2023US$123.0bUS$130.4bUS$3.4b21.8x36.7x0.9x
Sun, 30 Jul 2023US$121.0bUS$127.5bUS$3.2b20x37.4x0.9x
Tue, 27 Jun 2023US$115.8bUS$126.6bUS$3.2b19.5x35.8x0.9x
Thu, 25 May 2023US$106.7bUS$126.4bUS$3.2b19.7x33.2x0.8x
Sat, 22 Apr 2023US$105.3bUS$122.8bUS$3.2b22.2x32.8x0.9x
Mon, 20 Mar 2023US$104.0bUS$122.8bUS$3.2b22.5x32.3x0.8x
Wed, 15 Feb 2023US$108.6bUS$115.9bUS$2.8b21.2x38.2x0.9x
Fri, 13 Jan 2023US$106.0bUS$115.1bUS$2.8b24.8x37.3x0.9x
Sun, 11 Dec 2022US$105.1bUS$115.9bUS$2.9b21.7x36.2x0.9x
Tue, 08 Nov 2022US$102.9bUS$115.2bUS$2.8b26.2x37.4x0.9x
Thu, 06 Oct 2022US$94.9bUS$111.4bUS$2.8b27.5x34.5x0.9x
Sat, 03 Sep 2022US$95.1bUS$111.4bUS$2.8b27.8x34.5x0.9x
Price to Earnings Ratio

34.5x


Total Market Cap: US$95.1bTotal Earnings: US$2.8bTotal Revenue: US$111.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 37x202320242025
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 23.9x which is lower than its 3-year average PE of 37.0x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 54% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Market1.32%
Industrials1.42%
Construction2.79%
Construction and Engineering2.79%
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$707.393.4%
+US$825.8m		110.8%PE36x
PWR Quanta ServicesUS$383.921.2%
+US$692.9m		42.0%PE58.9x
IESC IES HoldingsUS$358.3910.4%
+US$668.1m		97.5%PE26.9x
ACM AECOMUS$125.564.0%
+US$634.4m		23.5%PE24.6x
ROAD Construction PartnersUS$122.289.7%
+US$606.9m		87.3%PE92x

Latest News

MTZ
US$182.55
MasTec
7D
4.2%
1Y
65.6%

Market Participants Recognise MasTec, Inc.'s (NYSE:MTZ) Revenues

Aug 26
Market Participants Recognise MasTec, Inc.'s (NYSE:MTZ) Revenues
WLGS
US$0.0059
WANG & LEE GROUP
7D
-88.7%
1Y
-99.0%
SKK
US$0.40
SKK Holdings
7D
-7.2%
1Y
n/a
DY
US$256.84
Dycom Industries
7D
-4.7%
1Y
48.7%

Expanding AI Workloads And Broadband Stimulus Will Fuel Enduring Connectivity

Despite a moderation in Dycom Industries’ forecast revenue growth, analysts have raised their price target due to improving net profit margins, lifting the consensus fair value from $283.00 to $297.89. What's in the News Provided Q3 earnings guidance: contract revenues of $1.38–$1.43 billion and diluted EPS of $3.03–$3.36.
STRL
US$292.95
Sterling Infrastructure
7D
6.1%
1Y
149.5%

E-Infrastructure Reliance Will Erode Future Margins

Sterling Infrastructure's consensus price target has increased from $313 to $355, reflecting raised earnings estimates and forward guidance, as well as anticipated growth and strategic value from the CEC Facilities Group acquisition. Analyst Commentary Q2 earnings beat and raised forward guidance prompted upward revisions to valuation assumptions.
FIX
US$707.39
Comfort Systems USA
7D
3.4%
1Y
110.8%

Comfort Systems USA, Inc. (NYSE:FIX) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected

Aug 19
Comfort Systems USA, Inc. (NYSE:FIX) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected
JFB
US$7.18
JFB Construction Holdings
7D
-3.1%
1Y
n/a
NCRA
US$1.55
Nocera
7D
-3.6%
1Y
56.6%
SOL
US$1.85
Emeren Group
7D
-1.1%
1Y
-3.6%
ROAD
US$122.28
Construction Partners
7D
9.7%
1Y
87.3%
CTRI
US$20.39
Centuri Holdings
7D
-0.4%
1Y
20.1%
ACM
US$125.56
AECOM
7D
4.0%
1Y
23.5%

Government Infrastructure Spending And AI Will Shape Future Markets

With consensus forecasts for revenue growth and net profit margin remaining stable, analysts have kept AECOM’s fair value target unchanged at $131.09. What's in the News AECOM revised its 2025 GAAP EPS guidance to $5.08–$5.18, expecting GAAP net income of $750–$753 million and attributable net income of $675–$688 million.
PWR
US$383.92
Quanta Services
7D
1.2%
1Y
42.0%
EME
US$618.84
EMCOR Group
7D
1.9%
1Y
62.5%

Earnings Beat: EMCOR Group, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Aug 02
Earnings Beat: EMCOR Group, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
IESC
US$358.39
IES Holdings
7D
10.4%
1Y
97.5%
HUHU
US$6.18
HUHUTECH International Group
7D
-7.3%
1Y
n/a

Market Participants Recognise HUHUTECH International Group Inc.'s (NASDAQ:HUHU) Revenues Pushing Shares 63% Higher

Jul 04
Market Participants Recognise HUHUTECH International Group Inc.'s (NASDAQ:HUHU) Revenues Pushing Shares 63% Higher