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U.S. Construction Industry Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies71
  • 7D5.9%
  • 3M25.1%
  • 1Y103.1%
  • YTD25.4%

Over the last 7 days, the Construction industry has risen 5.9%, driven by gains from Comfort Systems USA of 5.6%. In the last 12 months, the industry was up 103%. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Feb 2026US$358.4bUS$170.9bUS$6.3b35.8x56.8x2.1x
Sat, 24 Jan 2026US$303.9bUS$165.7bUS$10.0b37.1x30.4x1.8x
Mon, 22 Dec 2025US$271.1bUS$165.7bUS$10.0b32x27.1x1.6x
Wed, 19 Nov 2025US$265.6bUS$164.7bUS$9.9b32.5x26.9x1.6x
Fri, 17 Oct 2025US$273.4bUS$160.0bUS$9.9b36.5x27.6x1.7x
Sun, 14 Sep 2025US$249.2bUS$160.0bUS$10.0b35.3x25x1.6x
Tue, 12 Aug 2025US$239.3bUS$157.4bUS$9.9b33.8x24.1x1.5x
Thu, 10 Jul 2025US$220.2bUS$153.2bUS$7.2b33.2x30.7x1.4x
Sat, 07 Jun 2025US$207.2bUS$153.2bUS$7.2b32.5x28.8x1.4x
Mon, 05 May 2025US$181.8bUS$152.2bUS$7.0b24.3x25.8x1.2x
Wed, 02 Apr 2025US$152.5bUS$149.6bUS$6.8b22.5x22.5x1x
Fri, 28 Feb 2025US$169.0bUS$149.2bUS$6.7b24.4x25.1x1.1x
Sun, 26 Jan 2025US$211.5bUS$146.3bUS$3.9b36.1x53.8x1.4x
Tue, 24 Dec 2024US$191.2bUS$146.2bUS$3.9b29.1x48.7x1.3x
Thu, 21 Nov 2024US$200.2bUS$145.7bUS$3.9b34.7x51.5x1.4x
Sat, 19 Oct 2024US$188.0bUS$144.7bUS$4.0b35.1x47.3x1.3x
Mon, 16 Sep 2024US$166.2bUS$144.8bUS$4.0b29x41.8x1.1x
Wed, 14 Aug 2024US$156.1bUS$145.1bUS$3.9b26x39.5x1.1x
Fri, 12 Jul 2024US$155.4bUS$141.8bUS$3.4b25.3x45.1x1.1x
Sun, 09 Jun 2024US$159.1bUS$141.8bUS$3.4b25x46.2x1.1x
Tue, 07 May 2024US$158.9bUS$141.1bUS$3.4b25.5x46.7x1.1x
Thu, 04 Apr 2024US$154.3bUS$136.2bUS$3.5b24.8x44.6x1.1x
Sat, 02 Mar 2024US$140.2bUS$135.9bUS$3.5b26.7x39.9x1x
Mon, 29 Jan 2024US$121.6bUS$135.2bUS$3.6b24.4x34x0.9x
Wed, 27 Dec 2023US$126.8bUS$135.1bUS$3.6b25.6x35.5x0.9x
Fri, 24 Nov 2023US$113.1bUS$135.0bUS$3.5b22.7x32x0.8x
Sun, 22 Oct 2023US$104.3bUS$130.5bUS$3.4b19.2x31.1x0.8x
Tue, 19 Sep 2023US$118.1bUS$130.5bUS$3.4b21.1x35.2x0.9x
Thu, 17 Aug 2023US$119.9bUS$130.7bUS$3.3b21.1x36.1x0.9x
Sat, 15 Jul 2023US$119.5bUS$126.6bUS$3.2b20.3x37x0.9x
Mon, 12 Jun 2023US$113.9bUS$126.6bUS$3.2b19.3x35.3x0.9x
Wed, 10 May 2023US$107.5bUS$125.8bUS$3.2b19.6x34x0.9x
Fri, 07 Apr 2023US$102.4bUS$122.8bUS$3.2b24.1x31.7x0.8x
Sun, 05 Mar 2023US$114.7bUS$122.9bUS$3.3b22.9x34.5x0.9x
Price to Earnings Ratio

34.5x


Total Market Cap: US$114.7bTotal Earnings: US$3.3bTotal Revenue: US$122.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 35.8x202420252026
Current Industry PE
  • Investors are optimistic on the American Construction industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 56.8x which is higher than its 3-year average PE of 35.8x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 24% 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 Market0.90%
Industrials0.21%
Construction5.95%
Construction and Engineering5.95%
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$1.45k5.6%
+US$2.7b		306.8%PE49.8x
ECG Everus Construction GroupUS$130.1027.5%
+US$1.4b		189.1%PE32.9x
PWR Quanta ServicesUS$562.771.6%
+US$1.3b		117.1%PE81.9x
STRL Sterling InfrastructureUS$455.259.7%
+US$1.2b		269.7%PE44.3x
MTZ MasTecUS$285.263.5%
+US$749.2m		124.9%PE66.9x

Latest News

STRL
US$455.25
Sterling Infrastructure
7D
9.7%
1Y
269.7%
FIX
US$1,450.60
Comfort Systems USA
7D
5.6%
1Y
306.8%
PRIM
US$153.20
Primoris Services
7D
-4.5%
1Y
109.4%
WSC
US$21.87
WillScot Holdings
7D
-1.0%
1Y
-35.7%
MGN
US$1.23
Megan Holdings
7D
-40.0%
1Y
n/a
ECG
US$130.10
Everus Construction Group
7D
27.5%
1Y
189.1%
CTRI
US$30.67
Centuri Holdings
7D
-0.7%
1Y
75.7%
MTZ
US$285.26
MasTec
7D
3.5%
1Y
124.9%
FLR
US$53.55
Fluor
7D
5.7%
1Y
42.0%

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The analyst fair value estimate for Fluor has risen from $36.50 to about $40.83, reflecting higher Street price targets in the $48 to $61 range as analysts point to expectations of a cleaner balance sheet, fewer NuScale overhangs, and potential backlog momentum in the core business. Analyst Commentary Recent Street research on Fluor has centered on how quickly the company can convert its current setup into stronger execution in the core business, while also managing balance sheet clean up and legacy issues such as NuScale.
PWR
US$562.77
Quanta Services
7D
1.6%
1Y
117.1%

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While the market obsesses over chips, Quanta Services (PWR) is the company actually digging the trenches and stringing the high-voltage lines that make AI possible. As of February 2026, PWR is trading near $412 , acting as the primary contractor for the massive electrical infrastructure overhaul required by data center "hyperscalers." With a backlog that has swelled to over $30 billion , Quanta is effectively the "exclusive builder" of the modern American grid.
EME
US$801.80
EMCOR Group
7D
-0.2%
1Y
99.1%

The "Pick-and-Shovel" Play: Can the Data Center Boom Sustain the Premium?

As of late February 2026, EMCOR Group (EME) is riding an incredible wave, with its stock recently surging past the $810 mark. Often flying under the radar compared to glamorous tech stocks, EMCOR has established itself as the ultimate "pick-and-shovel" winner of the artificial intelligence revolution.
LGN
US$55.76
Legence
7D
17.9%
1Y
n/a
JFB
US$16.05
JFB Construction Holdings
7D
-23.2%
1Y
n/a
ACM
US$94.21
AECOM
7D
-2.5%
1Y
-3.1%
AGX
US$442.34
Argan
7D
6.8%
1Y
234.6%
ONEG
US$1.54
OneConstruction Group
7D
-15.4%
1Y
-36.6%